Palace Infratech Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 2.20 M
- Company Age 13 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 8.16 Cr
- Satisfied Charges ₹ 3.75 Cr
- Revenue Growth 38.46%
- Net Worth
- Total Assets -0.49%
About Palace Infratech
Palace Infratech Private Limited (PIPL) is a Private Limited Indian Non-Government Company incorporated in India on 14 December 2011 and has a history of 13 years and two months. Its registered office is in Ludhiana, Punjab, India.
The Company is engaged in the Real Estate And Construction Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 2.50 M and a paid-up capital of Rs 2.20 M.
The company currently has active open charges totaling ₹8.16 Cr. The company has closed loans amounting to ₹3.75 Cr, as per Ministry of Corporate Affairs (MCA) records.
Rakesh Jain and Sorav Jain serve as directors at the Company.
Company Details
- Location
Ludhiana, Punjab, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U70102PB2011PTC035743
- Company No.
035743
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
14 Dec 2011
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Who are the key members and board of directors at Palace Infratech?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rakesh Jain  | Director | 07-Apr-2023 | Current |
| Sorav Jain | Director | 14-Dec-2011 | Current |
Financial Performance of Palace Infratech.
Palace Infratech Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 38.46% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Palace Infratech?
In 2023, Palace Infratech had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Palace Jewellers Private LimitedRakesh Jain is a mutual person
Ajar Amar Steel Concast Private LimitedRakesh Jain and Sorav Jain are mutual person
- Ajaramar Ispat Private Limited
Sorav Jain is a mutual person
Charges (Loans)
₹81.60 M
₹37.45 M
Charges Breakdown by Lending Institutions
- Others : 8.16 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Nov 2023 | Others | ₹5.38 Cr | Open |
| 12 Jul 2019 | Others | ₹2.78 Cr | Open |
| 14 Aug 2018 | Others | ₹1.30 Cr | Satisfied |
| 31 May 2017 | Others | ₹9.45 M | Satisfied |
| 23 Jun 2012 | Indian Overseas Bank | ₹1.50 Cr | Satisfied |
How Many Employees Work at Palace Infratech?
Unlock and access historical data on people associated with Palace Infratech, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Palace Infratech, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Palace Infratech's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
