MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-OD-19-0005022
Palmotor Ways Private Limited
Palmotor Ways Private Limited - automotive in Bhubaneswar, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹33.65 Cr
▲ 41% YoY
Net profit · FY 2024
₹39.46 Lakh
Net margin 1.2%
EBITDA · FY 2024
₹88.16 Lakh
EBITDA margin 2.6%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹4 Cr
Satisfied ₹4 Cr
Company age
5 yrs
Est. 2021
Employees · EPFO
33
Provident fund records
About Palmotor Ways Private Limited
Data last updated:
Palmotor Ways Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 01 January 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U50404OR2021PTC035248. Its GSTIN is 21AALCP6968N1ZO (Odisha).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Sehej Pal Singh and Satpal Singh.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No – 96 A Cuttack Road Budheswari Jharapada, Bhubaneswar, Odisha, India – 751006.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.65 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net profit of ₹39.46 Lakh (net margin 1.2%) and EBITDA of ₹88.16 Lakh (EBITDA margin 2.6%).
The company has about 33 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4 Cr and satisfied charges of ₹4 Cr on record.
Palmotor Ways Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-19-0005022).
Company details
CIN U50404OR2021PTC035248
Registration Number 035248
Incorporation Date 01 January 2021
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-OD-19-0005022
Recognitions & Rankings of Palmotor Ways
Contact details
Palmotor Ways Private Limited's registered office is in Bhubaneswar, Odisha. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No – 96 A Cuttack Road Budheswari Jharapada, Bhubaneswar, Odisha, India – 751006
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Palmotor Ways Private Limited, buy the company report.
Comprehensive company report
Palmotor Ways 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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Secure checkout · GST invoice included
Business activity
The main business activity of Palmotor Ways is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Palmotor Ways Private Limited, buy the company report.
Financials of Palmotor Ways Private Limited
FY 2025 filings availablePalmotor Ways Private Limited reported revenue of ₹33.65 Cr (up 41% YoY) for FY 2024.
Revenue · FY 2024
₹33.65 Cr ▲ 41%
Net profit · FY 2024
₹39.46 Lakh margin 1.2%
EBITDA · FY 2024
₹88.16 Lakh margin 2.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 41%
EBITDA CAGR growth
1 year
▲ 59%
Revenue rose 41% in the latest year. EBITDA rose 59% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹88.16 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹39.46 Lakh | |||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 2.6% | |||
| Net Profit Margin | 1.2% | |||
| 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 Palmotor Ways Private Limited, buy the company report.
Board of directors of Palmotor Ways Private Limited
Palmotor Ways has 5 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sehej Pal Singh | Director | 02 Jan 2021 | 5 Years 9 Months | Current |
| Satpal Singh Also directs: Pal Movers Private Limited, Pal Automotives Private Limited, Pal Lifeware Private Limited and 1 more | Director | 01 Jan 2021 | 5 Years 9 Months | Current |
| Harman Pal Singh Also directs: Pal Movers Private Limited, Pal Automotives Private Limited, Pal Lifeware Private Limited and 1 more | Director | 01 Jan 2021 | 5 Years 9 Months | Current |
| Inderjeet Kaur | Director | 01 Jan 2021 | 5 Years 9 Months | Current |
| Haneet Kaur Also directs: Pal Movers Private Limited, Pal Automotives Private Limited | Director | 01 Jan 2021 | 5 Years 9 Months | Current |
Auditor
Palmotor Ways Private Limited is audited by R. GOPAL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. GOPAL & ASSOCIATES | FY 2023 | 000846C |
Shareholding
The shareholding of Palmotor Ways Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Palmotor Ways Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4 Cr
Satisfied charges
₹4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Dec 2021 | 100515141 | Axis Bank Limited | ₹4 Cr | Open | |
| 22 Mar 2021 | 100441174 | Hdfc Bank Limited | ₹4 Cr | Satisfied |
To see the full charge records of Palmotor Ways Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Palmotor Ways Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Palmotor Ways Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Palmotor Ways Private Limited has a workforce of 33 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
33
Active EPFO establishments
1
Employee growth
57.14%
GST
Palmotor Ways has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AALCP6968N1ZO | Odisha | Active | 12 Jan 2021 |
To see the full GST registrations and return filing status of Palmotor Ways Private Limited, buy the company report.
Recent activity
Palmotor Ways Private Limited has 5 board changes on record since 2021: 5 appointments. The latest: Sehej Pal Singh was appointed as Director on 02 Jan 2021.
AGM
Palmotor Ways Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Palmotor Ways Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Cuttack.
Charges
A charge registered on 22 Mar 2021 via Charge ID 100441174 with Hdfc Bank Limited was fully satisfied on 22 Dec 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 4.00 Cr with Charge ID 100515141 was registered on 06 Dec 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 4.00 Cr with Charge ID 100441174 was registered on 22 Mar 2021.
Appointed
Sehej Pal Singh was appointed as Director.
Appointed
Haneet Kaur was appointed as Director.
Appointed
Harman Pal Singh was appointed as Director.
Appointed
Inderjeet Kaur was appointed as Director.
Appointed
Satpal Singh was appointed as Director.
Incorporation
01 Jan 2021
Palmotor Ways Private Limited was registered on 01 Jan 2021 with Roc Cuttack & aged 5 years 9 months as per MCA records.
Frequently asked questions
Palmotor Ways is an active private limited company based in Bhubaneswar, Odisha, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 01 January 2021 (5+ years old) and is registered under CIN U50404OR2021PTC035248.
Palmotor Ways has 5 current directors:
- Sehej Pal Singh - Director
- Satpal Singh - Director
- Harman Pal Singh - Director
- Inderjeet Kaur - Director
- Haneet Kaur - Director
The latest financial statements of Palmotor Ways on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Palmotor Ways is 21AALCP6968N1ZO, registered in Odisha.
The CIN (Corporate Identification Number) of Palmotor Ways is U50404OR2021PTC035248. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palmotor Ways was incorporated on 01 January 2021, making it 5+ years old. It is registered with the Registrar of Companies, Cuttack.
Sehej Pal Singh was appointed as Director on 02 Jan 2021. Haneet Kaur was appointed as Director on 01 Jan 2021. Harman Pal Singh was appointed as Director on 01 Jan 2021. Palmotor Ways has 5 board changes on record in total.
Yes, Palmotor Ways is registered as a small enterprise under Udyam registration (number: UDYAM-OD-19-0005022).
The registered office of Palmotor Ways is at Plot No – 96 A Cuttack Road Budheswari Jharapada, Bhubaneswar, Odisha, India – 751006.
Palmotor Ways operates in the automotive industry, in the auto dealership and trading segment.