Palmar Mills Private Limited

Palmar Mills Private Limited - manufacturing in Erode, Tamil Nadu, India. FY 2026 financials & compliance.
CIN U17115TZ1989PTC002409 Incorporated 10 April 1989 ROC Coimbatore HQ Erode, Tamil Nadu, India
Active Private Limited Company manufacturing MSME · Medium
Data last updated
Revenue · FY 2025
₹66.9 Cr
▲ 13% YoY
Net loss · FY 2025
₹1.34 Cr
Net margin -2%
EBITDA · FY 2025
₹5 Cr
EBITDA margin 7.5%
Authorised capital
₹21 Cr
Registered with MCA
Paid-up capital
₹19.99 Cr
Issued & subscribed
Open charges
₹27.08 Cr
Satisfied ₹27.26 Cr
Company age
37 yrs
Est. 1989
Employees · EPFO
367
Provident fund records

About Palmar Mills Private Limited

Data last updated:

Palmar Mills Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 10 April 1989 and has been in existence for over 37 years.

The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17115TZ1989PTC002409. Its GSTIN is 33AABCP5917H1ZJ (Tamil Nadu).

The company has an authorised share capital of ₹21 Cr and a paid-up capital of ₹19.99 Cr. It is led by directors Rameshkumar (Managing Director) and Perumal Chettiar Gopalaswamy.

Its last annual general meeting (AGM) was held on 27 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No 95 Tiruchengodu Road Pallipalayam Erode, Tamil Nadu, India – 638013.

As per the financials filed for FY 2025, the company reported a revenue of ₹66.9 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹1.34 Cr (net margin -2%) and EBITDA of ₹5 Cr (EBITDA margin 7.5%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 3% over five years.

The company has about 367 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Vkpindia. As per MCA filings, the company has open charges of ₹27.08 Cr and satisfied charges of ₹27.26 Cr on record. Court records list 38 cases involving the company, including 33 filed by the company and 5 filed against it; 2 cases are pending. The company has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹12.49 Cr; the latest was in March 2022. Its 6 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 2 smaller; the largest is Armaan Industries Private Limited with revenue of ₹66.99 Cr.

Palmar Mills Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-14-0002529). The current compliance status is marked as active non-compliant by the Registrar of Companies.

Company details

CIN U17115TZ1989PTC002409
Registration Number 002409
Incorporation Date 10 April 1989
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 June 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Non-Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-14-0002529
Key People
Rameshkumar Managing Director Perumal Chettiar Gopalaswamy Director

Recognitions & Rankings of Palmar Mills

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-TN-14-0002529

Contact details

Palmar Mills Private Limited's registered office is in Erode, Tamil Nadu. Its e-mail address is in the company report.

  • Email
  • Registered Address
    No 95 Tiruchengodu Road Pallipalayam Erode, Tamil Nadu, India – 638013
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Palmar Mills Private Limited, buy the company report.

Comprehensive company report
Palmar Mills Private Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Palmar Mills operates one associated brand: Vkpindia. Each brand links to its own profile.

BrandDescriptionWebsite
Vkpindia
Produces high-quality home textile products for various markets.vkpindia.com

Business activity

The main business activity of Palmar Mills is manufacturing. In detail, this covers textile, leather and other apparel products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC2Textile, leather and other apparel products

To see the full business activity and turnover split of Palmar Mills Private Limited, buy the company report.

Financials of Palmar Mills Private Limited

FY 2025 filings available

Palmar Mills Private Limited reported revenue of ₹66.9 Cr (up 13% YoY) for FY 2025.

Revenue · FY 2025
₹66.9 Cr ▲ 13%
Net loss · FY 2025
₹1.34 Cr margin -2%
EBITDA · FY 2025
₹5 Cr margin 7.5%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▼ 2%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▲ 387%
3 years · compounded
▼ 24%
5 years · compounded
▲ 1%

Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 13% growth in the latest year. EBITDA rose 387% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.

Financial Statement Summary

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹5 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹1.34 Cr
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin7.5%
Net Profit Margin-2%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Palmar Mills Private Limited, buy the company report.

Board of directors of Palmar Mills Private Limited

Palmar Mills has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Perumal Chettiar GopalaswamyDirector18 May 198937 Years 5 MonthsCurrent
RameshkumarManaging Director01 Nov 201610 Years 0 MonthsCurrent
View all directors

Peer comparison

Palmar Mills Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Armaan Industries Private Limited₹66.99 Cr (FY 2025)18.0%Surat, Gujarat, India
Murliwala Dyeing and Printing Mills Private Limited₹66.99 Cr (FY 2025)6.0%Surat, Gujarat, India
Totala Textiles Private Limited₹66.97 Cr (FY 2025)-20.0%Ichalkaranji, Maharashtra, India
Shyam Lal Goyal Fabrics Private Limited₹66.95 Cr (FY 2025)82.0%Surat, Gujarat, India
Palmar Mills Private Limitedthis company₹66.9 Cr (FY 2025)-₹1.34 Cr-2%13.0%367Erode, Tamil Nadu, India
Annpurna Overseas Private Limited₹66.8 Cr (FY 2025)44.0%Jaipur, Rajasthan, India
Talluri Textiles Private Limited₹66.72 Cr (FY 2025)-7.0%Hyderabad, Telangana, India

To see the full peer comparison of Palmar Mills Private Limited, buy the company report.

Auditor

Palmar Mills Private Limited is audited by RAM & KUMAR for the financial year 2021.

Auditor firmFinancial yearFirm registration number
RAM & KUMARFY 2021002817S

Shareholding

The shareholding of Palmar Mills Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of Palmar Mills Private Limited, buy the company report.

Charges & borrowings

Open charges
₹27.08 Cr
Satisfied charges
₹27.26 Cr
Breakdown by lending institutions
Others₹27.08 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
19 Jul 2025101151665Others₹31.97 LakhOpen
15 Jul 2022100607942Others₹25.55 LakhOpen
31 Aug 2016100074928Others₹26.5 CrOpen
27 Feb 199690002905State Bank of India₹24.1 CrSatisfied
07 Jun 199590002779India Equipment Leasing Limited₹7.84 LakhSatisfied

To see the full charge records of Palmar Mills Private Limited, buy the company report.

Total charge records: 7 View all charges

Deals & funding

Palmar Mills Private Limited has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹12.49 Cr; the latest was in March 2022.

Total deals
7
Funding rounds
5
Secondary share transfers
2
Disclosed funding
₹12.49 Cr

Deals on record (5 of 7)

WhenDealAmountParties
Mar 2022Secondary share transferUndisclosedBuyer: 3 individuals
Seller: 4 individuals
Mar 2019Secondary share transferUndisclosedBuyer: an individual
Seller: Navika Capital Group Phase III LLC
Mar 2015Funding round₹2.05 CrInvestors: 2 individuals
Dec 2013Funding round₹4.29 CrInvestors: 4 individuals
Mar 2010Funding round₹2.7 CrInvestors: Navika Capital Group Phase III LLC, an individual

To see the full deal history of Palmar Mills Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Palmar Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Palmar Mills Private Limited has a workforce of 367 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
367
Active EPFO establishments
1
Employee growth
19.2%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-27367
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Palmar Mills Private Limited, buy the company report.

GST

Palmar Mills has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
33AABCP5917H1ZJTamil NaduActive01 Jul 2017

To see the full GST registrations and return filing status of Palmar Mills Private Limited, buy the company report.

Recent activity

Palmar Mills Private Limited has 4 board changes on record since 1989: 2 appointments and 2 cessations. The latest: Perumalchettiar Mari Chettiar ceased to be Director on 06 Oct 2020.

Charges
A charge with Others amounted to Rs. 0.32 Cr with Charge ID 101151665 was registered on 19 Jul 2025.
AGM
Palmar Mills Private Limited last Annual general meeting of members was held on 27 Jun 2025 as per latest MCA records.
Filing
Palmar Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Coimbatore.
Charges
A charge with Others of Rs. 26.50 Cr registered on 31 Aug 2016 with Charge ID 100074928 was modified on 28 Nov 2024.
Charges
A charge with Others amounted to Rs. 0.26 Cr with Charge ID 100607942 was registered on 15 Jul 2022.
Ceased
Perumalchettiar Mari Chettiar ceased to be Director.
Ceased
Soundhar Rajen Rangasamy Kandasam ceased to be Director.
Charges
A charge registered on 27 Feb 1996 via Charge ID 90002905 with State Bank Of India was fully satisfied on 02 Jan 2017.
Appointed
Rameshkumar was appointed as Managing Director.
Charges
A charge with Others amounted to Rs. 26.50 Cr with Charge ID 100074928 was registered on 31 Aug 2016.
Charges
A charge registered on 15 Dec 1989 via Charge ID 90002353 with State Bank Of India was fully satisfied on 02 Jan 2016.
Charges
A charge with State Bank Of India of Rs. 24.10 Cr registered on 27 Feb 1996 with Charge ID 90002905 was modified on 17 Jul 2015.

9 earlier events are in the company report.

Frequently asked questions

Palmar Mills is an active private limited company based in Erode, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 10 April 1989 (37+ years old) and is registered under CIN U17115TZ1989PTC002409.

Palmar Mills has 2 current directors:

The latest financial statements of Palmar Mills on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 June 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Palmar Mills is 33AABCP5917H1ZJ, registered in Tamil Nadu.

The CIN (Corporate Identification Number) of Palmar Mills is U17115TZ1989PTC002409. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Palmar Mills has 38 court cases on record: 33 filed by the company and 5 filed against it. 2 are pending. Most are in the high courts.

Palmar Mills was incorporated on 10 April 1989, making it 37+ years old. It is registered with the Registrar of Companies, Coimbatore.

Palmar Mills has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹12.49 Cr; the latest was in March 2022.

The peers of Palmar Mills by revenue are Armaan Industries Private Limited, Murliwala Dyeing and Printing Mills Private Limited, Totala Textiles Private Limited, Shyam Lal Goyal Fabrics Private Limited, Annpurna Overseas Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).

Perumalchettiar Mari Chettiar ceased to be Director on 06 Oct 2020. Soundhar Rajen Rangasamy Kandasam ceased to be Director on 31 Mar 2017. Rameshkumar was appointed as Managing Director on 01 Nov 2016. Palmar Mills has 4 board changes on record in total.

Yes, Palmar Mills is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-14-0002529).