About Palmsure Solutions Private Limited
Data last updated:
Palmsure Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 22 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31401KA2011PTC061275. Its GSTIN is 29AAGCP3027K1Z7 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Vinay Kuppahalli Nagaraj and Chaya Vinay.
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 No.3 Hemagiri 1st Floor 7th Main Mysore Bank Colony Bsk 1st Stage, Bangalore, Karnataka, India – 560050.
As per the financials filed for FY 2024, the company reported a revenue of ₹91.24 Lakh, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹77,441 (net margin 0.8%) and EBITDA of ₹8.68 Lakh (EBITDA margin 9.5%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹1.79 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website palmsure.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.3 Hemagiri 1st Floor 7th Main Mysore Bank Colony Bsk 1st Stage, Bangalore, Karnataka, India – 560050
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Palmsure Solutions Private Limited
The main business activity of Palmsure Solutions is manufacturing. In detail, this covers manufacture of electrical equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 27 | Manufacture of electrical equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Palmsure Solutions Private Limited FY 2025 filings available
Palmsure Solutions Private Limited reported revenue of ₹91.24 Lakh (down 29% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Palmsure Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 29% fall in the latest year. EBITDA fell 15% 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 of Palmsure Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹8.68 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹77,441 | •••• | •••• | •••• | •••• |
| 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 of Palmsure Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Palmsure Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Palmsure Solutions Private Limited
Palmsure Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Autoreal Technologies Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Yelsons India Private Limited | •••• | •••• | •••• | •••• | 10 | Pune, Maharashtra, India |
| Braentech Automation Private Limited | •••• | •••• | •••• | •••• | - | Muzaffarnagar, Uttar Pradesh, India |
| BVM Grace Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| PCB Vikingtest India Private Limited | •••• | •••• | •••• | •••• | - | Mysore, Karnataka, India |
| Palmsure Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Umac Hirel Manufacturing Private Limited | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Fenfeo Automation Private Limited | •••• | •••• | •••• | •••• | - | Mylampatti Post, Tamil Nadu, India |
| Point R Technologies Private Limited | •••• | •••• | •••• | •••• | 16 | Thane, Maharashtra, India |
| Lacara Intercorp Solutions Private Limited | •••• | •••• | •••• | •••• | - | Chennai City Corporation, Tamil Nadu, India |
| Tel Components Private Limited | •••• | •••• | •••• | •••• | - | Denkanikotta, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Palmsure Solutions by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Palmsure Solutions Private Limited
Palmsure Solutions Private Limited is audited by D H PRABHAKAR & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| D H PRABHAKAR & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Palmsure Solutions Private Limited
Palmsure Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinay Kuppahalli Nagaraj | Director | 22 Nov 2011 | 14 Years 10 Months | Current |
| Chaya Vinay | Director | 22 Nov 2011 | 14 Years 10 Months | Current |
Ownership and Shareholding of Palmsure Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Palmsure Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Jan 2022 | State Bank of India | ₹7 Lakh | Open |
| 20 Feb 2019 | State Bank of India | ₹1.02 Cr | Open |
| 26 Aug 2013 | State Bank of Mysore | ₹20 Lakh | Open |
| 19 Mar 2012 | Others | ₹50 Lakh | Open |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Palmsure Solutions Private Limited
Employment history and EPFO contributions of people linked to Palmsure Solutions.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Palmsure Solutions Private Limited
Palmsure Solutions Private Limited has 2 board changes on record since 2011: 2 appointments. The latest: Chaya Vinay was appointed as Director on 22 Nov 2011.
Credit Ratings, Litigation & Regulatory Alerts for Palmsure Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Palmsure Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Palmsure Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Palmsure Solutions Private Limited
Palmsure Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCP3027K1Z7 | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Palmsure Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Palmsure Solutions Private Limited
Palmsure Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 22 November 2011 (15+ years old) and is registered under CIN U31401KA2011PTC061275.
Palmsure Solutions reported revenue of ₹91.24 Lakh for FY 2024 (down 29% YoY).
Palmsure Solutions has 2 current directors:
- Vinay Kuppahalli Nagaraj - Director
- Chaya Vinay - Director
Palmsure Solutions reported a net profit of ₹77,441 (net margin 0.8%) and EBITDA of ₹8.68 Lakh (EBITDA margin 9.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Palmsure Solutions is 3% over three years and -5% over five years. In the latest year (FY 2024) revenue fell 29%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Palmsure Solutions is 29AAGCP3027K1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Palmsure Solutions is U31401KA2011PTC061275. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palmsure Solutions was incorporated on 22 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Palmsure Solutions by revenue are Autoreal Technologies Private Limited, Yelsons India Private Limited, Braentech Automation Private Limited, BVM Grace Private Limited, PCB Vikingtest India Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).
Chaya Vinay was appointed as Director on 22 Nov 2011. Vinay Kuppahalli Nagaraj was appointed as Director on 22 Nov 2011.
Palmsure Solutions can be reached through the website palmsure.com. Its registered office is in Bangalore, Karnataka, India.