MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0062623
Palram India Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹90.16 Cr
▲ 9% YoY
Net profit · FY 2024
₹3.09 Cr
Net margin 3.4%
EBITDA · FY 2024
₹5.72 Cr
EBITDA margin 6.3%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹1.97 Lakh
Issued & subscribed
Open charges
₹60 Lakh
Secured borrowings
Company age
14 yrs
Est. 2012
Employees · EPFO
31
Provident fund records
About Palram India Private Limited
Data last updated:
Palram India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Palram Industries Ltd.. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 30 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25203MH2012PTC233894. Its GSTIN is 27AAGCP7484A1ZB (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹1.97 Lakh. It is led by directors including Avishai Zamir and Shai Michael.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 701 Tanishka Commercial Premises Cs Ltd. Cts No.148/C Akurli Road Kandivali (East), Mumbai, Maharashtra, India – 400101.
As per the financials filed for FY 2024, the company reported a revenue of ₹90.16 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹3.09 Cr (net margin 3.4%) and EBITDA of ₹5.72 Cr (EBITDA margin 6.3%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 32% over five years.
The company has about 31 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Palram. As per MCA filings, the company has open charges of ₹60 Lakh on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹73.9 Lakh; the latest was in April 2013. Its 10 peer companies in the Manufacturing industry (Plastic Based Products) are compared by revenue, 5 larger and 5 smaller; the largest is Veeshna Polypack Private Limited with revenue of ₹91.03 Cr. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 87 overdue payments to 13 micro and small suppliers.
Palram India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0062623). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website palram.com.
Company Details of Palram India Private Limited
CIN U25203MH2012PTC233894
Registration Number 233894
Incorporation Date 30 July 2012
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Palram Industries Ltd.
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0062623
CIN History of Palram India Private Limited
Palram India has one previous CIN (Corporate Identification Number): U25203MH2012FTC233894. The current CIN is U25203MH2012PTC233894, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25203MH2012PTC233894 | Current |
| U25203MH2012FTC233894 | Previous |
Recognitions & Rankings of Palram India
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address701 Tanishka Commercial Premises Cs Ltd. Cts No.148/C Akurli Road Kandivali (East), Mumbai, Maharashtra, India – 400101
- IndustryManufacturing, Plastic-Based Products
Comprehensive company report
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Associated Brands with Palram India Private Limited
Palram India operates one associated brand: Palram. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Thermoplastic sheets and panel systems are manufactured for diverse applications. | palram.com |
Business Activity of Palram India Private Limited
The main business activity of Palram India is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Palram India Private Limited FY 2024 filings available
Palram India Private Limited reported revenue of ₹90.16 Cr (up 9% YoY) for FY 2024.
Revenue · FY 2024
₹90.16 Cr ▲ 9%
Net profit · FY 2024
₹3.09 Cr margin 3.4%
EBITDA · FY 2024
₹5.72 Cr margin 6.3%
Compounded Annual Growth Rate (CAGR) of Palram India Private Limited
Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 19%
5 years · compounded
▲ 32%
EBITDA CAGR growth
1 year
▲ 245%
3 years · compounded
▲ 50%
5 years · compounded
▲ 34%
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 9% growth in the latest year. EBITDA rose 245% 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 Palram India 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 | ₹5.72 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.09 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 Palram India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.4% | •••• | •••• | •••• | •••• |
| 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 Palram India are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Palram India Private Limited
Palram India has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avishai Zamir | Director | 10 Aug 2023 | 3 Years 2 Months | Current |
| Shai Michael | Director | 05 Dec 2023 | 2 Years 10 Months | Current |
| Tushar Ramshibhai Karangia | Director | 18 Oct 2013 | 13 Years 0 Months | Current |
| Slijper Amir | Director | 29 Sep 2017 | 9 Years 0 Months | Current |
Peer Comparison of Palram India Private Limited
Palram India Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Plastic Based Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Veeshna Polypack Private Limited | ₹91.03 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Ahmedabad, Gujarat, India |
| Anaki Global Private Limited | ₹90.92 Cr (FY 2025) | •••• | •••• | 48.0% | •••• | Kolkata, West Bengal, India |
| Aaram Plastics Private Limited | ₹90.78 Cr (FY 2025) | •••• | •••• | -52.0% | •••• | Jaipur, Rajasthan, India |
| Ping Engineers India Private Limited | ₹90.54 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | New Delhi, Delhi, India |
| Renuka Precision Plastics Private Limited | ₹90.21 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Telangana, India |
| Palram India Private Limited this company | ₹90.16 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Bansal Polyplast Private Limited | ₹89.91 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | New Delhi, Delhi, India |
| Kamal Technoplast Private Limited | ₹89.67 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Mumbai, Maharashtra, India |
| E-Mox Manufacturing Private Limited | ₹89.33 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Ahmedabad, Gujarat, India |
| Vigi Agrifilms Private Limited | ₹89.1 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Kalol, Gujarat, India |
| Carris Pipes and Tubes Private Limited | ₹89.02 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Ernakulam, Kerala, India |
Peers are the five companies nearest above and the five nearest below Palram India by revenue in the Manufacturing industry (Plastic Based Products), 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 Palram India Private Limited
Palram India Private Limited is audited by Kamdar Desai & Patel LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Kamdar Desai & Patel LLP | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Palram India Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
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- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Palram India Private Limited
Open charges
₹60 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Nov 2018 | The Hongkong and Shanghai Banking Corporation Limited | ₹30 Lakh | Open |
| 27 Mar 2017 | The Hongkong and Shanghai Banking Corporation Limited | ₹30 Lakh | Open |
Total charge records: 2 View all charges
Deals & Funding of Palram India Private Limited
Palram India Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹73.9 Lakh; the latest was in April 2013.
Total deals
1
Funding round
1
Disclosed funding
₹73.9 Lakh
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2013 | Funding round | ₹73.9 Lakh | Investors: Palram Industries (1990) Limited |
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Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Palram India Private Limited
Palram India Private Limited has 3 court cases on record: 2 filed by Palram India, 1 filed against it. 1 case is pending and 2 are disposed. Status as checked between 02 Oct 2026 and 03 Oct 2026.
Total cases
3
Filed by the company
2
Filed against the company
1
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Novalite Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
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Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Palram India Private Limited
Palram India Private Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 87 overdue payments to 13 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Ikon Multipack | •••• | •••• | •••• |
| Tilara Polyplast Private Limited | •••• | •••• | •••• |
| SVL India Private Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 16 MSME Form 1 returns is in the company report.
- Every reported supplier due
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Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Palram India Private Limited
Palram India Private Limited has a workforce of 31 employees as of Apr 06, 2024.
Employee count
31
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
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Recent Activity on Palram India Private Limited
Palram India Private Limited has 11 board changes on record since 2013: 4 appointments and 7 cessations. The latest: Shai Michael ceased to be Additional Director on 29 Sep 2024.
AGM
Palram India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Shai Michael ceased to be Additional Director.
Filing
Palram India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Appointed
Shai Michael was appointed as Director.
Ceased
Ori Barav ceased to be Director.
Ceased
Avishai Zamir ceased to be Additional Director.
Appointed
Avishai Zamir was appointed as Director.
Ceased
Tushar Ramshibhai Karangia ceased to be Manager.
Ceased
Ido Rodoy ceased to be Director.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 30.00 Lakh with Charge ID 100228210 was registered on 22 Nov 2018.
Appointed
Slijper Amir was appointed as Director.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 30.00 Lakh with Charge ID 100110108 was registered on 27 Mar 2017.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Palram India Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
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Subsidiaries & Group Companies of Palram India Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Palram India Private Limited
Palram India has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCP7484A1ZB | Maharashtra | Active | 01 Jul 2017 |
| 29AAGCP7484A1Z7 | Karnataka | Active | 31 Mar 2022 |
| 24AAGCP7484A1ZH | Gujarat | Active | 18 Apr 2022 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Palram India Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Palram India Private Limited
Palram India is an active private limited company based in Mumbai, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 30 July 2012 (14+ years old) and is registered under CIN U25203MH2012PTC233894.
Palram India reported revenue of ₹90.16 Cr for FY 2024 (up 9% YoY).
Palram India has 4 current directors:
- Avishai Zamir - Director
- Shai Michael - Director
- Tushar Ramshibhai Karangia - Director
- Slijper Amir - Director
Palram India reported a net profit of ₹3.09 Cr (net margin 3.4%) and EBITDA of ₹5.72 Cr (EBITDA margin 6.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Palram India is 19% over three years and 32% over five years. In the latest year (FY 2024) revenue rose 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Palram India is 27AAGCP7484A1ZB, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAGCP7484A1Z7 (Karnataka), 24AAGCP7484A1ZH (Gujarat).
The CIN (Corporate Identification Number) of Palram India is U25203MH2012PTC233894. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palram India has 3 court cases on record: 2 filed by the company and 1 filed against it. 1 is pending.
Palram India was incorporated on 30 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Palram India has 1 deal on record (1 funding round), with disclosed funding of ₹73.9 Lakh; the latest was in April 2013.
The peers of Palram India by revenue are Veeshna Polypack Private Limited, Anaki Global Private Limited, Aaram Plastics Private Limited, Ping Engineers India Private Limited, Renuka Precision Plastics Private Limited and 5 more, all in the Manufacturing industry (Plastic Based Products).
Shai Michael ceased to be Additional Director on 29 Sep 2024. Shai Michael was appointed as Director on 05 Dec 2023. Ori Barav ceased to be Director on 17 Oct 2023. Palram India has 11 board changes on record in total.