MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-HR-05-0032566
Payal International Limited
Payal International Limited - home & lifestyle in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.7 Cr
▼ 26% YoY
Net loss · FY 2024
₹28.19 Lakh
Net margin -7.6%
EBITDA · FY 2024
₹90.6 Lakh
EBITDA margin 24.5%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.2 Cr
Issued & subscribed
Open charges
₹6.59 Cr
Satisfied ₹21.67 Cr
Company age
43 yrs
Est. 1983
Employees · EPFO
7
Provident fund records
About Payal International Limited
Data last updated:
Payal International Limited is a public limited company based in New Delhi, Delhi, India. It operates in the home furnishings and accessories retail segment of the home and lifestyle products sector. It was incorporated on 05 December 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1983PLC017055. Its GSTIN is 07AAACP0377J1ZE (Delhi). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.2 Cr. It is led by directors including Akash Mittal (Managing Director) and Arti Mittal.
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 E – 29 South Extension Part – 11, New Delhi, Delhi, India – 110049.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.7 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹28.19 Lakh (net margin -7.6%) and EBITDA of ₹90.6 Lakh (EBITDA margin 24.5%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 16% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6.59 Cr and satisfied charges of ₹21.67 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 2 cases are pending.
Payal International Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0032566). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74899DL1983PLC017055
Registration Number 017055
Incorporation Date 05 December 1983
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-HR-05-0032566
CIN history
Payal International has one previous CIN (Corporate Identification Number): U74899DL1983PTC017055. The current CIN is U74899DL1983PLC017055, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899DL1983PLC017055 | Current |
| U74899DL1983PTC017055 | Previous |
Recognitions & Rankings of Payal International
Contact details
Payal International Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressE – 29 South Extension Part – 11, New Delhi, Delhi, India – 110049
- IndustryHome & Lifestyle, Home Furnishings & Accessories Retail
To see the full contact details of Payal International Limited, buy the company report.
Comprehensive company report
Payal International 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 Payal International is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Payal International Limited, buy the company report.
Financials of Payal International Limited
FY 2024 filings availablePayal International Limited reported revenue of ₹3.7 Cr (down 26% YoY) for FY 2024.
Revenue · FY 2024
₹3.7 Cr ▼ 26%
Net loss · FY 2024
₹28.19 Lakh margin -7.6%
EBITDA · FY 2024
₹90.6 Lakh margin 24.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 26%
3 years · compounded
▼ 7%
5 years · compounded
▼ 16%
EBITDA CAGR growth
3 years · compounded
▲ 53%
5 years · compounded
▲ 25%
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 26% fall 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹90.6 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹28.19 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 24.5% | ||||
| Net Profit Margin | -7.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Payal International Limited, buy the company report.
Board of directors of Payal International Limited
Payal International 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 |
|---|---|---|---|---|
| Akash Mittal | Managing Director | 29 Jun 2005 | 21 Years 4 Months | Current |
| Arti Mittal Also directs: Raja Rani Overseas Private Ltd. | Director | 11 Feb 2015 | 11 Years 8 Months | Current |
| Abha Mittal Also directs: Raja Rani Overseas Private Ltd., Payal Finlease Private Limited | Director | 31 Jul 1999 | 27 Years 3 Months | Current |
| Badal Mittal Also directs: Raja Rani Overseas Private Ltd., Payal Finlease Private Limited | Director | 29 Jun 2005 | 21 Years 4 Months | Current |
Peer comparison
Payal International Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Home Furnishings and Accessories Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mora Sales (India) Pvt. Ltd. | ₹3.76 Cr (FY 2024) | -12.0% | New Delhi, Delhi, India | |||
| Kusum Holdings Private Limited | ₹3.72 Cr (FY 2025) | -3.0% | Kolkata, West Bengal, India | |||
| Payal International Limitedthis company | ₹3.7 Cr (FY 2024) | -₹28.19 Lakh | -7.6% | -26.0% | 7 | New Delhi, Delhi, India |
| Bansal Rugs Private Limited | ₹3.68 Cr (FY 2025) | -20.0% | Agra, Uttar Pradesh, India | |||
| Shri Balaji Handlooms Private Limited | ₹3.65 Cr (FY 2025) | -22.0% | New Delhi, Delhi, India | |||
| Westvood Industries Private Limited | ₹3.64 Cr (FY 2023) | -23.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Payal International Limited, buy the company report.
Auditor
Payal International Limited is audited by APRA & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| APRA & Associates LLP | FY 2023 | N500064 |
Shareholding
The shareholding of Payal International Limited 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 Payal International Limited, buy the company report.
Charges & borrowings
Open charges
₹6.59 Cr
Satisfied charges
₹21.67 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2024 | 100907922 | Others | ₹65 Lakh | Open | |
| 24 Feb 1984 | 80058611 | Canara Bank | ₹5.94 Cr | Open | |
| 30 Sep 2016 | 100057276 | Hdfc Bank Limited | ₹35 Lakh | Satisfied | |
| 30 Sep 2016 | 100057279 | Hdfc Bank Limited | ₹25 Lakh | Satisfied | |
| 21 Jan 2015 | 10556633 | Hdfc Bank Limited | ₹44.96 Lakh | Satisfied |
To see the full charge records of Payal International Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Payal International Limited has 6 court cases on record: 3 filed by Payal International, 3 filed against it. 2 cases are pending and 4 are disposed.
Total cases
6
Filed by the company
3
Filed against the company
3
Pending
2
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Civil suit | Filed by the company against Sardanas Art Centre Pvt. Ltd | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed by the company against Sardanas Art Centre Pvt. Ltd. | Disposed |
| District court, South, Delhi | Civil suit | Filed against the company | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by M/S Titan Industries Pvt Ltd Through Its Authorised Director SH Piyush Sharma | Pending |
| District court, West, Delhi | Court case (Civ DJ) | Filed by the company against Sardana Art Centre Pvt Ltd | Disposed |
To see the full case history of Payal International Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Payal International Limited was last rated by Icra on 07 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Apr 2022 |
To see the full credit ratings and regulatory alerts of Payal International Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Payal International Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Payal International Limited has a workforce of 7 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
Employee growth
-30%
GST
Payal International has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACP0377J1ZE | Delhi | Active | 01 Jul 2017 |
| 06AAACP0377J1ZG | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Payal International Limited, buy the company report.
Recent activity
Payal International Limited has 12 board changes on record since 1999: 4 appointments and 8 cessations. The latest: Meenal Mittal ceased to be Director on 30 Dec 2021.
AGM
Payal International Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Payal International Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge with Others amounted to Rs. 0.65 Cr with Charge ID 100907922 was registered on 31 Mar 2024.
Ceased
Meenal Mittal ceased to be Director.
Charges
A charge with Canara Bank of Rs. 5.94 Cr registered on 24 Feb 1984 with Charge ID 80058611 was modified on 11 Nov 2021.
Charges
A charge registered on 21 Jan 2015 via Charge ID 10556633 with Hdfc Bank Limited was fully satisfied on 06 Jan 2020.
Charges
A charge registered on 20 Dec 2014 via Charge ID 10567541 with Hdfc Bank Limited was fully satisfied on 06 Dec 2019.
Charges
A charge registered on 30 Sep 2016 via Charge ID 100057276 with Hdfc Bank Limited was fully satisfied on 06 Oct 2019.
Charges
A charge registered on 30 Sep 2016 via Charge ID 100057279 with Hdfc Bank Limited was fully satisfied on 06 Oct 2019.
Ceased
Surjit Kumar Chopra ceased to be Director.
Ceased
Madhu Mittal ceased to be Director.
Ceased
Sudhir Mittal ceased to be Director.
22 earlier events are in the company report.
Frequently asked questions
Payal International is an active public limited company based in New Delhi, Delhi, India. The company works in home furnishings and accessories retail, within the home and lifestyle industry. It was incorporated on 05 December 1983 (43+ years old) and is registered under CIN U74899DL1983PLC017055.
Payal International has 4 current directors:
- Akash Mittal - Managing Director
- Arti Mittal - Director
- Abha Mittal - Director
- Badal Mittal - Director
The latest financial statements of Payal International on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Payal International is 07AAACP0377J1ZE, registered in Delhi. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAACP0377J1ZG (Haryana).
The CIN (Corporate Identification Number) of Payal International is U74899DL1983PLC017055. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Payal International has 6 court cases on record: 3 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Payal International was incorporated on 05 December 1983, making it 43+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Payal International by revenue are Mora Sales (India) Pvt. Ltd, Kusum Holdings Private Limited, Bansal Rugs Private Limited, Shri Balaji Handlooms Private Limited, Westvood Industries Private Limited, all in the Consumer Products industry (Home Furnishings and Accessories Retail and Distribution), with the same principal business activity (wholesale trading).
Meenal Mittal ceased to be Director on 30 Dec 2021. Surjit Kumar Chopra ceased to be Director on 12 Jul 2019. Madhu Mittal ceased to be Director on 14 Dec 2016. Payal International has 12 board changes on record in total.
Yes, Payal International is registered as a micro enterprise under Udyam registration (number: UDYAM-HR-05-0032566).
The registered office of Payal International is at E – 29 South Extension Part – 11, New Delhi, Delhi, India – 110049.
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