Palomar Properties Private Limited
About Palomar Properties Private Limited
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Palomar Properties Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate leasing and property management segment of the real estate sector. It was incorporated on 01 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70101MH2013PTC242754.
The company has an authorised share capital of ₹6.75 Cr and a paid-up capital of ₹6.25 Cr. It was formerly known as Terrapolis Properties Private Limited. It is led by directors including Mayur Krishnadas Ramaiya and Rishika Abhimanyu Thackersey.
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 A Block 8th Floor Shivsagar Estate Dr. A. B. Road Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2025, the company reported a revenue of ₹94.3 Lakh, a growth of 109% compared to the previous year. For the same year it recorded a net loss of ₹1.01 Cr (net margin -107.4%) and EBITDA of ₹61.6 Lakh (EBITDA margin 65.3%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 21% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressA Block 8th Floor Shivsagar Estate Dr. A. B. Road Worli, Mumbai, Maharashtra, India – 400018
- IndustryReal Estate, Real Estate Leasing, Contractual Work
- 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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Financials of Palomar Properties Private Limited FY 2025 filings available
Palomar Properties Private Limited reported revenue of ₹94.3 Lakh (up 109% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Palomar Properties Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 109% growth in the latest year. EBITDA rose 468% 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 Palomar Properties Private Limited
| 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 | ₹61.6 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.01 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 of Palomar Properties Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 65.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -107.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Palomar Properties 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.
Board of Directors of Palomar Properties Private Limited
Palomar Properties has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mayur Krishnadas Ramaiya Also directs: The Bhor Chemicals and Plastics Private Limited | Director | 25 Apr 2019 | 7 Years 5 Months | Current |
| Rishika Abhimanyu Thackersey | Director | 25 Apr 2019 | 7 Years 5 Months | Current |
| Jagdish Udaikant Thackersey | Director | 20 Jun 2018 | 8 Years 4 Months | Current |
| Abhimanyu Thackersey Jagdish | Director | 19 Jun 2018 | 8 Years 4 Months | Current |
Peer Comparison of Palomar Properties Private Limited
Palomar Properties Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Builders and Developers, Foundry and Fabrication). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vishwas House Global Private Limited | ₹94.36 Lakh (FY 2024) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| Amaaya Properties Private Limited | ₹94.35 Lakh (FY 2024) | •••• | •••• | 348.0% | •••• | Chennai, Tamil Nadu, India |
| Sristi Infrahome Projects Private Limited | ₹94.35 Lakh (FY 2025) | •••• | •••• | -62.0% | •••• | Bhubaneswar, Odisha, India |
| Mech Fab Engineering Works Private Limited | ₹94.34 Lakh (FY 2024) | •••• | •••• | 99.0% | •••• | Kanchipppuram, Tamil Nadu, India |
| Aapl Projects Private Limited | ₹94.32 Lakh (FY 2025) | •••• | •••• | •••• | Delhi, India | |
| Palomar Properties Private Limited this company | ₹94.3 Lakh (FY 2025) | •••• | •••• | 109.0% | •••• | Mumbai, Maharashtra, India |
| Bagmane Texworth Private Limited | ₹94.3 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Bangalore, Karnataka, India |
| Monetize Financial Services P Ltd | ₹94.29 Lakh (FY 2025) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
| KNS Properties Private Limited | ₹94.29 Lakh (FY 2024) | •••• | •••• | -80.0% | •••• | Bangalore, Karnataka, India |
| Ang Properties Private Limited | ₹94.28 Lakh (FY 2025) | •••• | •••• | 20.0% | •••• | Jalandhar, Punjab, India |
| KGK Infrastructure (India) Private Limited | ₹94.28 Lakh (FY 2025) | •••• | •••• | -29.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Palomar Properties by revenue in the Engineering industry (Builders and Developers, Foundry and Fabrication), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Palomar Properties Private Limited
Palomar Properties Private Limited is audited by HARSHAD DOSHI for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HARSHAD DOSHI | 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.
Ownership and Shareholding of Palomar Properties 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 Palomar Properties Private Limited
Palomar Properties Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Palomar Properties Private Limited
Employment history and EPFO contributions of people linked to Palomar Properties.
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 Palomar Properties Private Limited
Palomar Properties Private Limited has 16 board changes on record since 2014: 4 appointments and 12 cessations. The latest: Mayur Krishnadas Ramaiya ceased to be Additional Director on 30 Sep 2019.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Palomar Properties 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 Palomar Properties 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 Palomar Properties 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 Palomar Properties Private Limited
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 Palomar Properties 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 Palomar Properties Private Limited
Palomar Properties is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate leasing, within the real estate industry. It was incorporated on 01 May 2013 (13+ years old) and is registered under CIN U70101MH2013PTC242754.
Palomar Properties reported revenue of ₹94.3 Lakh for FY 2025 (up 109% YoY).
Palomar Properties has 4 current directors:
- Mayur Krishnadas Ramaiya - Director
- Rishika Abhimanyu Thackersey - Director
- Jagdish Udaikant Thackersey - Director
- Abhimanyu Thackersey Jagdish - Director
Palomar Properties reported a net loss of ₹1.01 Cr (net margin -107.4%) and EBITDA of ₹61.6 Lakh (EBITDA margin 65.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Palomar Properties is 22% over three years and 21% over five years. In the latest year (FY 2025) revenue rose 109%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Palomar Properties is U70101MH2013PTC242754. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palomar Properties was incorporated on 01 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Palomar Properties by revenue are Vishwas House Global Private Limited, Amaaya Properties Private Limited, Sristi Infrahome Projects Private Limited, Mech Fab Engineering Works Private Limited, Aapl Projects Private Limited and 5 more, all in the Engineering industry (Builders and Developers, Foundry and Fabrication).
Mayur Krishnadas Ramaiya ceased to be Additional Director on 30 Sep 2019. Rishika Abhimanyu Thackersey ceased to be Additional Director on 30 Sep 2019. Mayur Krishnadas Ramaiya was appointed as Director on 25 Apr 2019. Palomar Properties has 16 board changes on record in total.
The registered office of Palomar Properties is at A Block 8th Floor Shivsagar Estate Dr. A. B. Road Worli, Mumbai, Maharashtra, India – 400018.
Palomar Properties has an authorised share capital of ₹6.75 Cr and a paid-up capital of ₹6.25 Cr.