Palms Active Private Limited
About Palms Active Private Limited
Data last updated:
Palms Active Private Limited is a private limited company based in Vellore, Tamil Nadu, India. It operates in the leather goods segment of the manufacturing sector. It was incorporated on 11 July 2022.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U19100TN2022PTC153774. Its GSTIN is 33AANCP0660P1Z0 (Tamil Nadu).
The company has an authorised share capital of ₹11.5 Cr and a paid-up capital of ₹8.66 Cr. It is led by directors including Mecca Ashfaque Ahmed and Hamza Mecca.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sf No.54 66 67/1 2 68/1 2 69 70 71/4 5 Gudiyatham Rd Chinnavarigam Ambur, Vellore, Tamil Nadu, India – 635808.
As per the financials filed for FY 2024, the company reported a revenue of ₹42.78 Cr. For the same year it recorded a net loss of ₹10.85 Cr (net margin -25.4%) and EBITDA of -₹10.17 Cr (EBITDA margin -23.8%).
The company has about 1,132 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹56.32 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Palms Active Private Limited's registered office is in Vellore, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSf No.54 66 67/1 2 68/1 2 69 70 71/4 5 Gudiyatham Rd Chinnavarigam Ambur, Vellore, Tamil Nadu, India – 635808
- IndustryManufacturing, Leather Goods
To see the full contact details of Palms Active Private Limited, buy the company report.
- 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
Business activity
The main business activity of Palms Active is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Palms Active Private Limited, buy the company report.
Financials of Palms Active Private Limited
FY 2025 filings availablePalms Active Private Limited reported revenue of ₹42.78 Cr for FY 2024.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹42.78 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹10.17 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹10.85 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
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -23.8% | |
| Net Profit Margin | -25.4% | |
| 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 Palms Active Private Limited, buy the company report.
Board of directors of Palms Active Private Limited
Palms Active has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hamza Mecca Also directs: Gradus Advisors LLP, Passionfruit Media Private Limited | Additional Director | 15 Jun 2026 | 0 Years 4 Months | Current |
| Mecca Ashfaque Ahmed Also directs: Asar Consulting LLP, Aston Shoes Exports LLP, Farida India Shoes Exports LLP and 5 more | Director | 11 Jul 2022 | 4 Years 3 Months | Current |
| Narayanan Venkitraman | Nominee Director | 25 Sep 2024 | 2 Years 1 Months | Current |
Peer comparison
Palms Active Private Limited is compared with the 8 companies closest to it by revenue in the Consumer Products industry (Footwear Manufacturers), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Garg Footwear Private Limited | ₹44.08 Cr (FY 2024) | 38.0% | Delhi, India | |||
| Indus Fine Arts Private Limited | ₹43.83 Cr (FY 2025) | 24.0% | Khairthal, Rajasthan, India | |||
| Sadaf Enterprises Private Limited | ₹43.68 Cr (FY 2025) | -10.0% | Uttar Pradesh, India | |||
| Gaitonde Leathers and Accessories Private Limited | ₹42.93 Cr (FY 2025) | 12.0% | Chennai, Tamil Nadu, India | |||
| Palms Active Private Limitedthis company | ₹42.78 Cr (FY 2024) | -₹10.85 Cr | -25.4% | Vellore, Tamil Nadu, India | ||
| Aryman Footwear Exports Private Limited | ₹42.27 Cr (FY 2025) | -11.0% | Agra, Uttar Pradesh, India | |||
| Marshal HMB Private Limited | ₹42.12 Cr (FY 2024) | 10.0% | Kanpur, Uttar Pradesh, India | |||
| Solar Soles Private Limited | ₹41.88 Cr (FY 2025) | 48.0% | Tamil Nadu, India | |||
| City Walk Footwear Private Limited | ₹41.87 Cr (FY 2025) | -12.0% | Bahadurgarh, Haryana, India |
To see the full peer comparison of Palms Active Private Limited, buy the company report.
Auditor
Palms Active Private Limited is audited by AKBER RIFA & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AKBER RIFA & Co | FY 2024 | 013365S |
Shareholding
The shareholding of Palms Active Private Limited is on record for 2 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Palms Active Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Aug 2023 | 100796121 | Axis Bank Limited | ₹56.32 Cr | Open |
To see the full charge records of Palms Active Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Palms Active 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 Palms Active Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Palms Active has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Fusionsole Footwear Private Limited | U15209TN2024PTC166528 |
To see the full group structure of Palms Active Private Limited, buy the company report.
GST
Palms Active has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AANCP0660P1Z0 | Tamil Nadu | Active | 03 Oct 2022 |
To see the full GST registrations and return filing status of Palms Active Private Limited, buy the company report.
Recent activity
Palms Active Private Limited has 4 board changes on record since 2022: 3 appointments and 1 cessation. The latest: Hamza Mecca was appointed as Additional Director on 15 Jun 2026.
Frequently asked questions
Palms Active is an active private limited company based in Vellore, Tamil Nadu, India. The company works in leather goods, within the manufacturing industry. It was incorporated on 11 July 2022 (4+ years old) and is registered under CIN U19100TN2022PTC153774.
Palms Active has 3 current directors:
- Hamza Mecca - Additional Director
- Mecca Ashfaque Ahmed - Director
- Narayanan Venkitraman - Nominee Director
The latest financial statements of Palms Active on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Palms Active is 33AANCP0660P1Z0, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Palms Active is U19100TN2022PTC153774. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palms Active was incorporated on 11 July 2022, making it 4+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Palms Active by revenue are Garg Footwear Private Limited, Indus Fine Arts Private Limited, Sadaf Enterprises Private Limited, Gaitonde Leathers and Accessories Private Limited, Aryman Footwear Exports Private Limited and 3 more, all in the Consumer Products industry (Footwear Manufacturers), with the same principal business activity (textile, leather and other apparel products).
Hamza Mecca was appointed as Additional Director on 15 Jun 2026. Mecca Irshad Ahmed ceased to be Director on 22 May 2026. Narayanan Venkitraman was appointed as Nominee Director on 25 Sep 2024. Palms Active has 4 board changes on record in total.
The registered office of Palms Active is at Sf No.54 66 671 2 681 2 69 70 714 5 Gudiyatham Rd Chinnavarigam Ambur, Vellore, Tamil Nadu, India – 635808.
Palms Active operates in the manufacturing industry, in the leather goods segment.
Palms Active has open charges of ₹56.32 Cr and no satisfied charges on record as per latest MCA filings.