Palace Infratech Private Limited

Real estate company acquiring properties in India and abroad since 2011.

2011 | Ludhiana, Punjab (India) | Active
Last Updated:

Palace Infratech Profile

Key Indicators

  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 2.20 M
  • Company Age 13 Year, 4 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 four 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

Real Estate and Construction
Company report

Palace Infratech Private Limited

Explore comprehensive data for Palace Infratech Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Palace Infratech?

Board Members (2)

NameDesignationAppointment DateStatus
Rakesh Jain Country flag representing In Director 07-Apr-2023Current
Sorav Jain Country flag representing In Director 14-Dec-2011Current

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%.

Palace Infratech revenue growth over time
Palace Infratech profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
38.46%
Revenue from Operations
38.46%
Total Assets
-0.49%
Profit or Loss
Net Worth
EBITDA

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹81.60 M

Satisfied Charges

₹37.45 M

Charges Breakdown by Lending Institutions

  • Others : 8.16 Cr

Latest Charge Details

DateLenderAmountStatus
01 Nov 2023Others₹5.38 CrOpen
12 Jul 2019Others₹2.78 CrOpen
14 Aug 2018Others₹1.30 CrSatisfied
31 May 2017Others₹9.45 MSatisfied
23 Jun 2012Indian Overseas Bank₹1.50 CrSatisfied

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.

Employee growth trends for Palace Infratech Private Limited

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Palace Infratech

Recent activity within the organization

  • Annual General Meeting

    Palace Infratech Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Palace Infratech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

  • Charges

    A charge with Others amounted to Rs. 53.80 M with Charge ID 100819880 was registered on 01 Nov 2023.

  • Director Appointment

    Rakesh Kumar Jain was appointed as a Director was appointed as a Director on 07 Apr 2023 & has been associated with this company since 2 years 19 days .

  • Charges

    A charge with Others amounted to Rs. 27.80 M with Charge ID 100273767 was registered on 12 Jul 2019.

  • Charges

    A charge registered on 14 Aug 2018 via Charge ID 100201084 with Others was fully satisfied on 16 May 2019.

Frequently asked questions

  • What is the Incorporation or founding date of Palace Infratech Private Limited?

    Palace Infratech Private Limited was incorporated on 14 Dec 2011.

  • What is authorized share capital and paid-up capital of Palace Infratech Private Limited?

    The authorized share capital of Palace Infratech Private Limited is ₹ 2.50 M and paid-up capital is ₹ 2.20 M.

  • Who are the current board members & directors of Palace Infratech Private Limited?

    Currently 2 directors are associated with Palace Infratech Private Limited.

    • Rakesh Kumar Jain
    • Sorav Jain

  • What is the registered address of Palace Infratech Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Palace Infratech Private Limited is Ckse, Gill Farm Agar Nagar Enclave India, Ludhiana, Punjab, 141001.

  • What is the corporate identification number (CIN) and company number of Palace Infratech Private Limited?

    The corporate identification number (CIN) of Palace Infratech Private Limited is U70102PB2011PTC035743 and the company number is 035743 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Palace Infratech Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Palace Infratech Private Limited has risen by 38.46%.

  • What are the total open charges for Palace Infratech Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Palace Infratech Private Limited amount to ₹ 8.16 Cr.

  • When was the last Balance Sheet of Palace Infratech Private Limited filed with the ROC?

    The most recent Balance Sheet for Palace Infratech Private Limited was filed with the ROC on 31 Mar 2024.

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