
Palmyrah Micro Finance
About Palmyrah Micro Finance
Data last updated:
Palmyrah Micro Finance is a public not for profit company based in Madurai, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 20 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U93000TN2012NPL086868. Its GSTIN is 33AAHCP0657Q1ZZ (Tamil Nadu).
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹3.07 Cr. It is led by directors including Ramasamy Parthiban (Managing Director) and James Jebaraj.
Its last annual general meeting (AGM) was held on 21 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Madurai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.26 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹22.31 Lakh (net margin 17.7%) and EBITDA of ₹76.48 Lakh (EBITDA margin 60.8%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 27% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Palmyrah Micro Finance's registered office is in Madurai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo 4 Ramachandrapuram 1st Street, Mahalipatti, Madurai, Tamil Nadu, India – 625001
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Palmyrah Micro Finance, 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 Palmyrah Micro Finance is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Palmyrah Micro Finance, buy the company report.
Financials of Palmyrah Micro Finance
FY 2025 filings availablePalmyrah Micro Finance reported revenue of ₹1.26 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 7% growth in the latest year. EBITDA rose 16% 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
| Metrics | FY 2024-25 | 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 | ₹76.48 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹22.31 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 60.8% | ||||
| Net Profit Margin | 17.7% | ||||
| 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 Palmyrah Micro Finance, buy the company report.
Board of directors of Palmyrah Micro Finance
Palmyrah Micro Finance has 188 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| James Jebaraj | Director | 28 Aug 2019 | 7 Years 1 Months | Current |
| Mayan Janardhanam | Director | 28 Aug 2019 | 7 Years 1 Months | Current |
| Manoj | Director | 03 Nov 2020 | 5 Years 11 Months | Current |
| Murugesapandian Suresh | Director | 03 Nov 2020 | 5 Years 11 Months | Current |
| Druaisamy Nadar Arunjunai Rajan | Director | 15 Jun 2019 | 7 Years 4 Months | Current |
| Duraipandi | Director | 15 Jun 2019 | 7 Years 4 Months | Current |
Peer comparison
Palmyrah Micro Finance is compared with the 5 companies closest to it by revenue in the BFSI industry (Finance, Micro Finance), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aparampaar Finance Private Limited | ₹1.27 Cr (FY 2025) | 27.0% | Bangalore, Karnataka, India | |||
| Saigeetham Chit Funds Private Limited | ₹1.27 Cr (FY 2021) | -11.0% | Warangal, Telangana, India | |||
| Vista Finance and Leasing Private Limited | ₹1.26 Cr (FY 2024) | 18.0% | Mumbai, Maharashtra, India | |||
| Palmyrah Micro Financethis company | ₹1.26 Cr (FY 2025) | ₹22.31 Lakh | 17.7% | 7.0% | Madurai, Tamil Nadu, India | |
| The Dharmmodyam Company | ₹1.25 Cr (FY 2025) | 6.0% | Thrissur, Kerala, India | |||
| Sree Alagulakshmi Finance Private Limited | ₹1.25 Cr (FY 2025) | 4.0% | Thillai Nagar, Tamil Nadu, India |
To see the full peer comparison of Palmyrah Micro Finance, buy the company report.
Auditor
Palmyrah Micro Finance is audited by THAVAMANI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| THAVAMANI & ASSOCIATES | FY 2023 | 011002S |
Shareholding
The shareholding of Palmyrah Micro Finance is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Palmyrah Micro Finance, buy the company report.
Legal cases
No court or tribunal cases involving Palmyrah Micro Finance 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 Palmyrah Micro Finance; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Palmyrah Micro Finance has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAHCP0657Q1ZZ | Tamil Nadu | Active | 01 Oct 2020 |
To see the full GST registrations and return filing status of Palmyrah Micro Finance, buy the company report.
Recent activity
Palmyrah Micro Finance has 216 board changes on record since 2012: 202 appointments and 14 cessations. The latest: Guruswamy Vetrivel ceased to be Director on 07 May 2025.
207 earlier events are in the company report.
Frequently asked questions
Palmyrah Micro Finance is an active public not for profit company based in Madurai, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 20 July 2012 (14+ years old) and is registered under CIN U93000TN2012NPL086868.
Palmyrah Micro Finance has 188 current directors:
- Ramasamy Parthiban - Managing Director
- James Jebaraj - Director
- Mayan Janardhanam - Director
- Manoj - Director
- Murugesapandian Suresh - Director
- Druaisamy Nadar Arunjunai Rajan - Director
- Duraipandi - Director
- Subramanian Mathubala - Director
- Chenguttuvan Nithan Chandrasekaran - Director
- Ayyappan Sugindran - Director
- Parthiban Vennila - Director
- Manickaraj Vijaya Shanmuga Prakash - Director
- Rajaram Sharmila - Director
- Thangaraj Chandrasekar - Director
- Thangaiah Manickaraj - Director
- Velraj Karthic - Director
- Karuppaiah Soundrapandian - Director
- James Arul Soundaraj - Director
- Gopinath - Director
- Manohar Rajesh - Director
- Karuppasamy Santhosh Pandiyan - Director
- Karuppasamy Arunachalapandian - Director
- Regunathan Manicka Raja - Director
- Manohar Ravichandran - Director
- Parthiban Nandhan - Director
- Issace Jesudass - Director
- Thangapandi Balamurugan - Director
- Subash Chandra Bose Vijayakumar - Director
- Jegadeesan Thulasiram - Director
- Dhanakodi Maharani - Director
- Ganesan Marikani - Director
- Chelladurai Beulah Elizabeth - Director
- Natrayan Ramesh - Director
- Karmegam Sankar - Director
- Chinnarajanadar Palanishamy - Director
- Joseph Giftson Enoch - Director
- Mathalai Kumar Srimathi Hemalatha - Director
- Paulnadar Thangapandi Janakiraman - Director
- Arasakumar Anbarasan - Director
- Pandi Sankareswaran - Director
- Antony Raja Joseph Deva Heliton - Director
- Kalaiappa Nadar Meenakshi - Director
- Mukkandan Manjuladevi - Director
- Natarajan Mukkanthan - Director
- Suthanthira Pandian Ilakkia - Director
- Karthikkeyan Diwakar Vairavel - Director
- Karthikkeyan Nehruthilagam - Director
- Kalasamy Suthanthira Pandian - Director
- Suthanthira Pandian Vasuki - Director
- Muthumanickam Kamaraj - Director
- Rengarajan - Director
- Sankar Vani - Director
- Marikani Chellathurai - Director
- Marikani Sakthivel - Director
- Karikolraj Vigneshwaran - Director
- Muthukrishnan Maanvizhi - Director
- Ramia Chinnasamy Ramkumar - Director
- Mohan Buvanaathan - Director
- Raju Anbalagan - Director
- Amalraj Nagalakshmi - Director
- Yogeswari - Director
- Kodeeswaran Dilip - Director
- Kathiresan Suganthi - Director
- Deepalakshmi Murugesan - Director
- Kodeswaran Rajesh - Director
- Chockalinga Pandian Laxmi Devi - Director
- Senthikumar Shyam Sundar - Director
- Ashok Jaya Gowri - Director
- Anandhappan Athilakshmi - Director
- Mukkandan Jegannath - Director
- Balagurusamy Ambika - Director
- Karmegam - Director
- Chandrasekaran Shanthi - Director
- Puthuraja Kamalakannan - Director
- Anandhappan Umaiswarya - Director
- Thirumalaikani Preethi - Director
- Thatchinamoorthy Ananthy - Director
- Ayyappan Anandappan - Director
- Rajesh Gowri - Director
- Sermakani Siva Balan - Director
- Rajapandi - Director
- Subramanian Kalamathi - Director
- Velusamy Wilfred Muthuraju - Director
- Dhanalakshmi Velayudham - Director
- Dhamodharan Jegajothi - Director
- Sundar Raj Thangapriya - Director
- Vaishali - Director
- Sumathi - Director
- Nayagamnadar Kanagarathinam - Director
- Natarajan Vasantha Prasanna - Director
- Soundararaj Jabez Sam Durai - Director
- Jabezsam Durai Petricia - Director
- Dilip Susila Devi - Director
- Kanagasabhapathy Karthikkeyan - Director
- Mariappan Ayyadurai - Director
- Kalarani - Director
- Kodeswaran Gowri - Director
- Velnadar Prabhakar - Director
- Asokan Sakkarai - Director
- Mohan - Director
- Nagendran Tharani Tharan - Director
- Annamalaikani Jeyachandran - Director
- Raju Muthukumar - Director
- Thilagar Issac Muthuraj - Director
- Jebaraj Ebenezer Samuel - Director
- Balamurugan Kavitha - Director
- Murugesapandian Tamilselvi - Director
- Ganeshkumar Kowsikan - Director
- Alaguraj Aravindan - Director
- Ramayanadar Nagarathinam Rajaram - Director
- Brahaspathy - Director
- Ayyappannadar Dhamodharan - Director
- Murugesapandian - Director
- Mookaiah Nadar Subramanian - Director
- Patchaimal Periyathambi Nadar - Director
- Veluchamy Senthikumar - Director
- Anandhappan Issac Aravind - Director
- Thamodharan Issac David - Director
- Thomas Issaacdaniel - Director
- Janarthanan Ashok - Director
- Ponniah Thangaraj - Director
- Rajapandian - Director
- Abirami - Director
- Tharmaraj Malaiyarasan - Director
- Kuppusamy - Director
- Gurusamy Pandiarajan - Director
- Mahalingam Soundarapandian - Director
- Ganesan Ashokan - Director
- Mookaiah Nadar Subramanian Mathan - Director
- Marimuthu Mareeswaran - Director
- Suthanthira Pandian Ram Vignesh - Director
- Nadarajanassari Rajakumar - Director
- Thavamani - Director
- Pandian Srithar - Director
- Koilpitchai Muthiahkoilraj Joshua - Director
- Veeranagu Ashokraj - Director
- Bose Selvakumar - Director
- Gurusamy Nadar Paramasivam - Director
- Sivalingam Vivekanandhan - Director
- Ramasamy Kamaraj - Director
- Natarajan Karunakaran Thillairajan - Director
- Karthick Pandi - Director
- Chellakani Rajamanickam Abinesh - Director
- Vivekananthan - Director
- Rajasekaran Nadar Sundar - Director
- Sankareswaran Sundarapandi - Director
- Pasupathy Vijaybabu - Director
- Mohanasundaram Jeyapraba - Director
- Diraviam Rameshbabu - Director
- Thangaswamy Kumar - Director
- Poundass Kanda Samy - Director
- Raja Pandian Raja Sekaran - Director
- Soundrapandian Madhumila - Director
- Karuppiahnadar Suthandradas Sugajeevitha - Director
- Kasi Nadar Vanarajan - Director
- Pandian - Director
- Kadarkaraichamy Nadar Chinnamani Nadar Selvakumar - Director
- Hemanth Kumar Selvakumar - Director
- Raja Manikandan - Director
- Kamaraj Karthikeyan - Director
- Karthik Karikkolraj - Director
- Mohan Kiruthiga Meenakshi - Director
- Premkumar Gracy Angela - Director
- Seenivasan Ananthi - Director
- Vaithilingam Gurusamy - Director
- Ananth Mariswari - Director
- Palanichamy Mahendran - Director
- Karthikkeyan Niranjana - Director
- Subbiah Velusamy Rajan Babu - Director
- Thavasiappan - Director
- Ranjit Soyza Abrue Cross Dsoyza - Director
- Rohini Rajasekarar Nadar - Director
- Thangappan Karthika Devi - Director
- Surendrakumar Amarsigapanidiyan - Director
- Palanichamy Selvakumar - Director
- Rajiah Darathy Nallammal - Director
- Rajesh Pandiselvam - Director
- Ganeshpandian Muthukumar - Director
- Raja Nancyangeline - Director
- Rajaram Palanichamy Sivakameshwaran - Director
- Gurusamy Marishkumar - Director
- Thangaraj Ravikumar - Director
- Patchimal Sivaram - Director
- Ramaiah Mohanadoss Pandian - Director
- Chidambararajan Rajulan - Director
- Kanagarani - Director
- Saravana Pandiyan - Director
- Thatchinamoorthy Chinnathambi - Director
The latest financial statements of Palmyrah Micro Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Palmyrah Micro Finance is 33AAHCP0657Q1ZZ, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Palmyrah Micro Finance is U93000TN2012NPL086868. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palmyrah Micro Finance was incorporated on 20 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Palmyrah Micro Finance by revenue are Aparampaar Finance Private Limited, Saigeetham Chit Funds Private Limited, Vista Finance and Leasing Private Limited, The Dharmmodyam Company, Sree Alagulakshmi Finance Private Limited, all in the BFSI industry (Finance, Micro Finance), with the same principal business activity (other financial activities).
Guruswamy Vetrivel ceased to be Director on 07 May 2025. Jeyabal Arasananth ceased to be Director on 07 May 2025. Maheswaran ceased to be Director on 07 May 2025. Palmyrah Micro Finance has 216 board changes on record in total.
The registered office of Palmyrah Micro Finance is at No 4 Ramachandrapuram 1st Street, Mahalipatti, Madurai, Tamil Nadu, India – 625001.
Palmyrah Micro Finance operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Palmyrah Micro Finance is compliant as of 03 July 2026. The company is actively filing with the Registrar of Companies.