About Panam Projects Private Limited
Data last updated:
Panam Projects Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 09 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36999GJ2017PTC095699. Its GSTIN is 24AAJCP0082H1ZK (Gujarat).
The company has an authorised share capital of ₹41 Lakh and a paid-up capital of ₹41 Lakh. It is led by directors Amitbhai Rameshchandra Sheth and Ankit Rameshchandra Sheth.
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 Panam House Block No.46 Oad Pirana Road Dascroi, Ahmedabad, Gujarat, India – 382427.
As per the financials filed for FY 2025, the company reported a revenue of ₹35.44 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹2.92 Cr (net margin 8.2%) and EBITDA of ₹5.03 Cr (EBITDA margin 14.2%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 35% over five years.
The company has about 27 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹19.79 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 panamprojects.com.
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- TelephoneLocked
- Website
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- Registered AddressPanam House Block No.46 Oad Pirana Road Dascroi, Ahmedabad, Gujarat, India – 382427
- IndustryConsumer Electronics & Durables, Furniture 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
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Business Activity of Panam Projects Private Limited
The main business activity of Panam Projects is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | 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 Panam Projects Private Limited FY 2025 filings available
Panam Projects Private Limited reported revenue of ₹35.44 Cr (up 36% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Panam Projects Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 35% over five years, including 36% growth in the latest year. EBITDA rose 60% 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 Panam Projects 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 | ₹5.03 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.92 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 Panam Projects Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.2% | •••• | •••• | •••• | •••• |
| 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 Panam Projects are in the company report.
Financial statements from FY 2017
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 Panam Projects Private Limited
Panam Projects Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Furniture). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| P K Furniture Private Limited | ₹36.2 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Bardhaman, West Bengal, India |
| Alcanes Furniture India Private Limited | ₹36.2 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | New Delhi, Delhi, India |
| Anjanisut Jute Products Private Limited | ₹35.81 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Kolkata, West Bengal, India |
| Rims India Private Limited | ₹35.54 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | New Delhi, Delhi, India |
| Inci Construction and Interiors Limited | ₹35.44 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Chennai, Tamil Nadu, India |
| Panam Projects Private Limited this company | ₹35.44 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Ahmedabad, Gujarat, India |
| Devanshi Designer Creation Private Limited | ₹35.1 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Thane, Maharashtra, India |
| Zebro Officemate Private Limited | ₹34.87 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Chennai, Tamil Nadu, India |
| Samanta Abhushan Private Limited | ₹34.72 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | New Delhi, Delhi, India |
| Mercury Manufacturing Company Limited | ₹34.54 Cr (FY 2016) | •••• | •••• | -14.0% | •••• | Chennai, Tamil Nadu, India |
| Design Dialogues India Private Limited | ₹34.51 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Panam Projects by revenue in the Consumer Durables industry (Furniture), 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 Panam Projects Private Limited
Panam Projects Private Limited is audited by PIYUSH J SHAH & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PIYUSH J SHAH & 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 Panam Projects Private Limited
Panam Projects has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amitbhai Rameshchandra Sheth Also directs: Ratnam Leasing LLP | Director | 09 Feb 2017 | 9 Years 8 Months | Current |
| Ankit Rameshchandra Sheth Also directs: Panam Texfab Private Limited | Director | 09 Feb 2017 | 9 Years 8 Months | Current |
Ownership and Shareholding of Panam Projects 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 Panam Projects Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Mar 2025 | Sidbi | ₹2 Cr | Open |
| 14 Feb 2025 | Sidbi | ₹5.98 Cr | Open |
| 24 Nov 2023 | Sidbi | ₹3 Cr | Open |
| 02 May 2022 | Sidbi | ₹1.45 Cr | Open |
| 14 Oct 2021 | Sidbi | ₹85.5 Lakh | Open |
Total charge records: 8 View all charges
Employees and EPFO Compliance at Panam Projects Private Limited
Panam Projects Private Limited has a workforce of 27 employees as of Apr 01, 2024.
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 Panam Projects Private Limited
Panam Projects Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Amitbhai Rameshchandra Sheth was appointed as Director on 09 Feb 2017.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Panam Projects 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 Panam Projects 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 Panam Projects 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 Panam Projects Private Limited
Panam Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCP0082H1ZK | Gujarat | 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 Panam Projects 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 Panam Projects Private Limited
Panam Projects is an active private limited company based in Ahmedabad, Gujarat, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 09 February 2017 (9+ years old) and is registered under CIN U36999GJ2017PTC095699.
Panam Projects reported revenue of ₹35.44 Cr for FY 2025 (up 36% YoY).
Panam Projects has 2 current directors:
- Amitbhai Rameshchandra Sheth - Director
- Ankit Rameshchandra Sheth - Director
Panam Projects reported a net profit of ₹2.92 Cr (net margin 8.2%) and EBITDA of ₹5.03 Cr (EBITDA margin 14.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Panam Projects is 49% over three years and 35% over five years. In the latest year (FY 2025) revenue rose 36%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Panam Projects is 24AAJCP0082H1ZK, registered in Gujarat.
The CIN (Corporate Identification Number) of Panam Projects is U36999GJ2017PTC095699. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panam Projects was incorporated on 09 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Panam Projects by revenue are P K Furniture Private Limited, Alcanes Furniture India Private Limited, Anjanisut Jute Products Private Limited, Rims India Private Limited, Inci Construction and Interiors Limited and 5 more, all in the Consumer Durables industry (Furniture).
Amitbhai Rameshchandra Sheth was appointed as Director on 09 Feb 2017. Ankit Rameshchandra Sheth was appointed as Director on 09 Feb 2017.
Panam Projects can be reached through the website panamprojects.com. Its registered office is in Ahmedabad, Gujarat, India.