Startup India Government of India
Pals Morgan Private Limited - trading in Kozhikode, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹2.77 Cr
Latest filing
Net loss · FY 2023
₹6.75 Lakh
Net margin -2.4%
EBITDA · FY 2023
-₹33.82 Lakh
EBITDA margin -12.2%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹68 Lakh
Secured borrowings
Company age
6 yrs
Est. 2020
Directors on board
7
As per MCA filings
About Pals Morgan Private Limited
Data last updated:
Pals Morgan Private Limited is a private limited company based in Kozhikode, Kerala, India, recognised as a startup by DPIIT. It operates in the retail trade segment of the trading and commerce sector. It was incorporated on 22 April 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U93090KL2020PTC062000. Its GSTIN is 33AALCP1276F1ZH (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Satheesh Thekke Kanayath and Midhu Rajipal.
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 C/O Faisal 6/131 A8 Iringal Koyilandy, Kozhikode, Kerala, India – 673521.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.77 Cr. For the same year it recorded a net loss of ₹6.75 Lakh (net margin -2.4%) and EBITDA of -₹33.82 Lakh (EBITDA margin -12.2%).
As per MCA filings, the company has open charges of ₹68 Lakh on record.
For more details, the company can be reached via its website palsmorgan.in.
Company details
CIN U93090KL2020PTC062000
Registration Number 062000
Incorporation Date 22 April 2020
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Pals Morgan
Contact details
Pals Morgan Private Limited's registered office is in Kozhikode, Kerala. Its website is palsmorgan.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC/O Faisal 6/131 A8 Iringal Koyilandy, Kozhikode, Kerala, India – 673521
- IndustryTrading, Retailers, Retail Trading
To see the full contact details of Pals Morgan Private Limited, buy the company report.
Comprehensive company report
Pals Morgan Private Limited - one report that includes everything
- 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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Secure checkout · GST invoice included
Business activity
The main business activity of Pals Morgan is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Pals Morgan Private Limited, buy the company report.
Financials of Pals Morgan Private Limited
FY 2025 filings availablePals Morgan Private Limited reported revenue of ₹2.77 Cr for FY 2023.
Revenue · FY 2023
₹2.77 Cr
Net loss · FY 2023
₹6.75 Lakh margin -2.4%
EBITDA · FY 2023
-₹33.82 Lakh margin -12.2%
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹2.77 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹33.82 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹6.75 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 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -12.2% | ||
| Net Profit Margin | -2.4% | ||
| 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 | |||
To see the full financial statements and ratios of Pals Morgan Private Limited, buy the company report.
Board of directors of Pals Morgan Private Limited
Pals Morgan has 7 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satheesh Thekke Kanayath | Director | 12 Sep 2022 | 4 Years 1 Months | Current |
| Midhu Rajipal | Director | 22 Apr 2020 | 6 Years 6 Months | Current |
| Rajipal Raveendran Also directs: Pals Morgan Forge Private Limited, Veritas Mercato Private Limited | Director | 22 Apr 2020 | 6 Years 6 Months | Current |
| Praveen Karoth | Director | 03 Jun 2022 | 4 Years 5 Months | Current |
| Sanyal Sunil Also directs: Pals Morgan Forge Private Limited, Veritas Mercato Private Limited | Director | 03 Jun 2022 | 4 Years 5 Months | Current |
| Anirudhan | Director | 03 Jun 2022 | 4 Years 5 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Pals Morgan Private Limited is audited by Gupta Hemant& Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Gupta Hemant& Co | FY 2023 | 031100N |
Shareholding
The shareholding of Pals Morgan Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Pals Morgan Private Limited, buy the company report.
Charges & borrowings
Open charges
₹68 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Dec 2024 | 101023168 | Others | ₹68 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Pals Morgan Private Limited 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 Pals Morgan Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pals Morgan has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AALCP1276F1ZH | Tamil Nadu | Active | 21 Feb 2022 |
To see the full GST registrations and return filing status of Pals Morgan Private Limited, buy the company report.
Recent activity
Pals Morgan Private Limited has 10 board changes on record since 2020: 8 appointments and 2 cessations. The latest: Rajeesh Rajan ceased to be Director on 17 May 2025.
AGM
Pals Morgan Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Rajeesh Rajan ceased to be Director.
Filing
Pals Morgan Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ernakulam.
Charges
A charge with Others amounted to Rs. 68.00 Lakh with Charge ID 101023168 was registered on 20 Dec 2024.
Ceased
Satheesh Thekke Kanayath ceased to be Additional Director.
Appointed
Satheesh Thekke Kanayath was appointed as Director.
Appointed
Ajayakumar Parakka Bhaskaran was appointed as Director.
Appointed
Anirudhan was appointed as Director.
Appointed
Praveen Karoth was appointed as Director.
Appointed
Rajeesh Rajan was appointed as Director.
Appointed
Sanyal Sunil was appointed as Director.
Appointed
Midhu Rajipal was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Pals Morgan is an active private limited company based in Kozhikode, Kerala, India. The company works in retailers, within the trading industry. It was incorporated on 22 April 2020 (6+ years old) and is registered under CIN U93090KL2020PTC062000.
Pals Morgan has 7 current directors:
- Satheesh Thekke Kanayath - Director
- Midhu Rajipal - Director
- Rajipal Raveendran - Director
- Praveen Karoth - Director
- Sanyal Sunil - Director
- Anirudhan - Director
- Ajayakumar Parakka Bhaskaran - Director
The latest financial statements of Pals Morgan on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Pals Morgan is 33AALCP1276F1ZH, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Pals Morgan is U93090KL2020PTC062000. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pals Morgan was incorporated on 22 April 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ernakulam.
Rajeesh Rajan ceased to be Director on 17 May 2025. Satheesh Thekke Kanayath ceased to be Additional Director on 30 Sep 2022. Satheesh Thekke Kanayath was appointed as Director on 12 Sep 2022. Pals Morgan has 10 board changes on record in total.
Yes, Pals Morgan is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Pals Morgan can be reached through the website palsmorgan.in. Its registered office is in Kozhikode, Kerala, India.
The registered office of Pals Morgan is at CO Faisal 6131 A8 Iringal Koyilandy, Kozhikode, Kerala, India – 673521.
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