Palma Chits Limited - Company Profile

It is a financial services public limited company based in Kanjiracode, Tamil Nadu, India, established in 2016.
2016 Kanjiracode, Tamil Nadu, India Active
Last Updated:
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About Palma Chits Limited

Palma Chits Limited, a active public limited company, was established on 22 August 2016 in Kanjiracode, Tamil Nadu, India. Engaging in financial activities within the financial and insurance service sector, it holds CIN: U65999TN2016PLC112095. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹1.00 Cr and a paid-up capital of ₹8.02 M.

It upholds a compliant status. Its leadership includes Dennis Thasian (Director), Thangammal Kumaran Nadar Chellan (Director), Rajayan Jothivimalabai (Managing Director). Past directors included Manoharan, Rajayan Jothivimalabai, Jason Sylus Nirmal Petrow. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at 14-26/1, Palmalayam, Chengai, Kanjiracode P.O. Marthandam, Kanyakumari District, Kanjiracode, Tamil Nadu, 629155.

Company Details
  • Email
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  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U65999TN2016PLC112095

  • Registration Number

    112095

  • Incorporation Date

    22 August 2016

  • Authorized Capital

    ₹1.00 Cr

  • Paid-Up Capital

    ₹8.02 M

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 8.02 M
  • Company Age 9 Year, 6 Months
  • Last Filing with ROC 31 Mar 2025
Company report

Palma Chits Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Palma Chits Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Palma Chits Limited?
Current Directors
Name Designation Appointment Date Status
Dennis Thasian Director 10 Jan 2020 Current
Thangammal Kumaran Nadar Chellan Director 22 Aug 2016 Current
Rajayan Jothivimalabai Managing Director 10 Jul 2017 Current
Jason Sylus Nirmal Petrow Director 10 Jul 2017 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 12 Jul 2017 Past
Pramod Abcsdd Director 10 Jul 2021 Past
Pramod Abcsdd Additional Director 27 Sep 2017 Past
Pramod Abcsdd Director 07 Dec 2020 Past

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Financial Performance of Palma Chits.

Palma Chits Limited, for the financial year ended 2017, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.

Palma Chits revenue growth over time
Palma Chits profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
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What is the Ownership and Shareholding Structure of Palma Chits?

In 2017, Palma Chits had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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How Many Employees Work at Palma Chits?

Unlock and access historical data on people associated with Palma Chits, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

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Rating
Graph displaying rating trends over time

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Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Palma Chits
Recent Activity within the Organization
  • Annual General Meeting

    The activity Palma Chits Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was completed.

  • Balance Sheet

    The activity Palma Chits Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai. was completed.

  • Director Appointment

    Dennis Thasian was appointed as a Director was appointed as a Director on 10 Jan 2020 & has been associated with this company since 6 years 1 month . was recorded as a recent event.

  • Director Appointment

    Rajayan Jothivimalabai was appointed as a Managing Director was appointed as a Managing Director on 10 Jul 2017 & has been associated with this company since 8 years 7 months . was recorded as a recent event.

  • Director Appointment

    Jason Sylus Nirmal Petrow was appointed as a Director was appointed as a Director on 10 Jul 2017 & has been associated with this company since 8 years 7 months . was recorded as a recent event.

  • Director Appointment

    The activity Thangammal Kumaran Nadar Chellan was appointed as a Director was appointed as a Director on 22 Aug 2016 & has been associated with this company since 9 years 6 months . was completed.

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Frequently Asked Questions
What is the CIN of Palma Chits Limited?

The CIN of Palma Chits Limited is U65999TN2016PLC112095.

Where is Palma Chits Limited headquartered?

Palma Chits Limited is headquartered at 14-26/1, Palmalayam, Chengai, Kanjiracode P.O. Marthandam, Kanyakumari District, Kanjiracode, Tamil Nadu, 629155.

When was Palma Chits Limited incorporated?

Palma Chits Limited was incorporated on 22 August 2016.

Who are the current directors of Palma Chits Limited?

The current directors of Palma Chits Limited are

What is the primary industry of Palma Chits Limited?

The primary industry of Palma Chits Limited is Financial And Insurance Service.

Is Palma Chits Limited a listed company?

Palma Chits Limited is unlisted.

What is the capital structure of Palma Chits Limited?

The authorized capital of Palma Chits Limited is ₹1.00 Cr, and the paid-up capital is ₹8.02 M.

What is the compliance status of Palma Chits Limited?

The compliance status of Palma Chits Limited is Compliant.

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