Palak Forex Private Limited
Provides foreign exchange, money exchange, and money transfer services since 2004 in Mumbai.
2004 | Mumbai, Maharashtra (India) | Active
Palak Forex Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 2.50 M
- Company Age 20 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Revenue Growth 105.13%
- Profit Growth 566.39%
- Ebitda 413.87%
- Net Worth 40.44%
- Total Assets -6.44%
About Palak Forex
Palak Forex Private Limited (PFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 20 May 2004 and has a history of 20 years and ten months. Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Financial Services 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 2.50 M, as per Ministry of Corporate Affairs (MCA) records.
Mahesh Parekh and Amit Jain serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74999MH2004PTC146425
- Company No.
146425
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
20 May 2004
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Who are the key members and board of directors at Palak Forex?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mahesh Parekh  | Director | 20-May-2004 | Current |
| Amit Jain | Director | 20-May-2004 | Current |
Financial Performance of Palak Forex.
Palak Forex Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 105.13% increase. The company also saw a substantial improvement in profitability, with a 566.39% increase in profit. The company's net worth Soared by an impressive increase of 40.44%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Palak Forex?
In 2023, Palak Forex 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)
- Parekh Ornaments Llp
Mahesh Parekh is a mutual person
Charges (Loans)
There are no open charges registered against the company as per our records.
How Many Employees Work at Palak Forex?
Unlock and access historical data on people associated with Palak Forex, 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 Palak Forex, 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 Palak Forex'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.
Latest Updates, News, and FAQs on Palak Forex
Recent activity within the organization
- Annual General Meeting
Palak Forex Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Palak Forex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Mahesh Rajmal Parekh was appointed as a Director was appointed as a Director on 20 May 2004 & has been associated with this company since 20 years 10 months .
- Director Appointment
Amit Valchand Jain was appointed as a Director was appointed as a Director on 20 May 2004 & has been associated with this company since 20 years 10 months .
- Company Incorporation
Palak Forex Private Limited was registered on 20 May 2004 with Roc Mumbai & aged 20 years 10 months as per MCA records.
Frequently asked questions
What is the Incorporation or founding date of Palak Forex Private Limited?
Palak Forex Private Limited was incorporated on 20 May 2004.
What is authorized share capital and paid-up capital of Palak Forex Private Limited?
The authorized share capital of Palak Forex Private Limited is ₹ 2.50 M and paid-up capital is ₹ 2.50 M.
Who are the current board members & directors of Palak Forex Private Limited?
Currently 2 directors are associated with Palak Forex Private Limited.
- Mahesh Rajmal Parekh
- Amit Valchand Jain
What is the registered address of Palak Forex Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Palak Forex Private Limited is 201 2Nd Floor Pratik Avenuenehru Road Vile Parle (E) India, Mumbai, Maharashtra, 400057.
What is the corporate identification number (CIN) and company number of Palak Forex Private Limited?
The corporate identification number (CIN) of Palak Forex Private Limited is U74999MH2004PTC146425 and the company number is 146425 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Palak Forex Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Palak Forex Private Limited has risen by 105.13%.
What change has been observed in the net worth of Palak Forex Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Palak Forex Private Limited has experienced an upsurge of 40.44%.
When was the last Balance Sheet of Palak Forex Private Limited filed with the ROC?
The most recent Balance Sheet for Palak Forex Private Limited was filed with the ROC on 31 Mar 2024.