Palmsure Solutions Private Limited - Company Profile

It is a information technology private limited company based in Bangalore, Karnataka, India, established in 2011.
2011 Bangalore, Karnataka, India Active
Last Updated:
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About Palmsure Solutions Private Limited

Palmsure Solutions Private Limited, a active private limited company, was established on 22 November 2011 in Bangalore, Karnataka, India. Engaging in electronic components & equipment manufacturing within the manufacturing sector, it holds CIN: U31401KA2011PTC061275. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹1.00 M and a paid-up capital of ₹1.00 M.

It upholds a compliant status. Its leadership includes Vinay Kuppahalli Nagaraj (Director), Chaya Vinay (Director). It holds ₹1.79 Cr open charges and no settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at No.3, Hemagiri, 1St Floor, 7Th Main Mysore Bank Colony, Bsk 1St Stage, Bangalore, Karnataka, 560050.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U31401KA2011PTC061275

  • Registration Number

    061275

  • Incorporation Date

    22 November 2011

  • Authorized Capital

    ₹1.00 M

  • Paid-Up Capital

    ₹1.00 M

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 1.00 M
  • Company Age 14 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1.79 Cr
  • Revenue Growth **** -23.69%
  • Profit Growth **** 50.61%
  • Ebitda **** -12.66%
  • Net Worth 4.91%
  • Total Assets -12.59%
Company report

Palmsure Solutions Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Palmsure Solutions Private 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 Palmsure Solutions Private Limited?
Current Directors
Name Designation Appointment Date Status
Vinay Kuppahalli Nagaraj Director 22 Nov 2011 Current
Chaya Vinay Director 22 Nov 2011 Current

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Financial Performance of Palmsure Solutions.

Palmsure Solutions Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 23.69% decrease. The company also saw a substantial improvement in profitability, with a 50.61% increase in profit. The company's net worth moved up by a moderate rise of 4.91%.

Palmsure Solutions revenue growth over time
Palmsure Solutions 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
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -23.69%
*******
*******
*******
*******
Revenue from Operations
*******
 -23.68%
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*******
*******
*******
Total Assets
*******
 -12.59%
*******
*******
*******
*******
Profit or Loss
*******
 50.61%
*******
*******
*******
*******
Net Worth
*******
 4.91%
*******
*******
*******
*******
EBITDA
*******
 -12.66%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Palmsure Solutions?

In 2022, Palmsure Solutions had a promoter holding of 50.00% and a public holding of 50.00%. 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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Charges (Loans)
Open Charges

₹17,900,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • State Bank Of India : 1.09 Cr
  • Others : 0.50 Cr
  • State Bank Of Mysore : 0.20 Cr
Latest Charge Details
Date Lender Amount Status
10 Jan 2022 State Bank Of India ₹0.70 M Open
20 Feb 2019 State Bank Of India ₹1.02 Cr Open
26 Aug 2013 State Bank Of Mysore ₹2.00 M Open
19 Mar 2012 Others ₹5.00 M Open

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How Many Employees Work at Palmsure Solutions?

Unlock and access historical data on people associated with Palmsure Solutions, 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

Gain comprehensive insights into the Deals and Valuation data of Palmsure Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Palmsure Solutions's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

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 Palmsure Solutions
Recent Activity within the Organization
  • Annual General Meeting

    Palmsure Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Progress on Palmsure Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore. was documented.

  • Charges

    The activity A charge with State Bank Of India amounted to Rs. 0.70 M with Charge ID 100535220 was registered on 10 Jan 2022. was completed.

  • Charges

    The activity A charge with State Bank Of India of Rs. 10.20 M registered on 20 Feb 2019 with Charge ID 100245321 was modified on 01 Jun 2020. was completed.

  • Charges

    The activity A charge with State Bank Of India amounted to Rs. 10.20 M with Charge ID 100245321 was registered on 20 Feb 2019. was completed.

  • Charges

    A charge with Others of Rs. 5.00 M registered on 19 Mar 2012 with Charge ID 10346941 was modified on 08 Jul 2016. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Palmsure Solutions Private Limited?

The CIN of Palmsure Solutions Private Limited is U31401KA2011PTC061275.

Where is Palmsure Solutions Private Limited headquartered?

Palmsure Solutions Private Limited is headquartered at No.3, Hemagiri, 1St Floor, 7Th Main Mysore Bank Colony, Bsk 1St Stage, Bangalore, Karnataka, 560050.

When was Palmsure Solutions Private Limited incorporated?

Palmsure Solutions Private Limited was incorporated on 22 November 2011.

Who are the current directors of Palmsure Solutions Private Limited?

The current directors of Palmsure Solutions Private Limited are

What is the primary industry of Palmsure Solutions Private Limited?

The primary industry of Palmsure Solutions Private Limited is Manufacturing.

Is Palmsure Solutions Private Limited a listed company?

Palmsure Solutions Private Limited is unlisted.

What is the capital structure of Palmsure Solutions Private Limited?

The authorized capital of Palmsure Solutions Private Limited is ₹1.00 M, and the paid-up capital is ₹1.00 M.

What is the compliance status of Palmsure Solutions Private Limited?

The compliance status of Palmsure Solutions Private Limited is Compliant.

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