Palak Handicrafts Private Limited

Designing, importing, and exporting fashion and handicraft products made of various materials since 2005.

2005 | Delhi (India) | Active
Last Updated: December 07, 2024

Palak Handicrafts Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 19 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 129.74%
  • Profit Growth 135.78%
  • Ebitda -663.20%
  • Net Worth 183.52%
  • Total Assets 94.51%

About Palak Handicrafts

Palak Handicrafts Private Limited (PHPL) is a Private Limited Indian Non-Government Company incorporated in India on 21 November 2005 and has a history of 19 years and three months. Its registered office is in Delhi, India.

The Company is engaged in the Home & Lifestyle 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 0.10 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Rakesh Jain and Shrey Jain serve as directors at the Company.

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U51909DL2005PTC142753

  • Company No.

    142753

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    21 Nov 2005

  • Date of AGM

    26 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Home & Lifestyle

Who are the key members and board of directors at Palak Handicrafts?

Board Members (2)

NameDesignationAppointment DateStatus
Shrey Jain Country flag representing In Director 12-Jul-2022Current
Rakesh Jain Country flag representing In Director 12-Jul-2022Current

Financial Performance of Palak Handicrafts.

Palak Handicrafts Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 129.74% increase. The company also saw a substantial improvement in profitability, with a 135.78% increase in profit. The company's net worth Soared by an impressive increase of 183.52%.

Graph illustrating revenue growth over time
Graph showing 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
129.74%
Revenue from Operations
Total Assets
94.51%
Profit or Loss
135.78%
Net Worth
183.52%
EBITDA
-663.20%

What is the Ownership and Shareholding Structure of Palak Handicrafts?

In 2021, Palak Handicrafts 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)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Palak Handicrafts?

Unlock and access historical data on people associated with Palak Handicrafts, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Palak Handicrafts, 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 Handicrafts'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 Palak Handicrafts

Recent activity within the organization

  • Annual General Meeting

    Palak Handicrafts Private Limited last Annual general meeting of members was held on 26 Aug 2024 as per latest MCA records.

    26 Aug 2024

  • Balance Sheet

    Palak Handicrafts Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.

    31 Mar 2024

  • Director Appointment

    Rakesh Kumar Jain was appointed as a Director was appointed as a Director on 12 Jul 2022 & has been associated with this company since 2 years 7 months .

    12 Jul 2022

  • Director Appointment

    Shrey Jain was appointed as a Director was appointed as a Director on 12 Jul 2022 & has been associated with this company since 2 years 7 months .

    12 Jul 2022

  • Company Incorporation

    Palak Handicrafts Private Limited was registered on 21 Nov 2005 with Roc Delhi & aged 19 years 3 months as per MCA records.

    21 Nov 2005

Frequently asked questions

  • Palak Handicrafts Private Limited was incorporated on 21 Nov 2005.

  • The authorized share capital of Palak Handicrafts Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 2 directors are associated with Palak Handicrafts Private Limited.

    • Rakesh Kumar Jain
    • Shrey Jain
  • As per Ministry of Corporate Affairs (Mca), the registered address of Palak Handicrafts Private Limited is Plot No 5 3Rd Floor, Local Shopping Complex Rishabh Vihar India, Delhi, 110092.

  • The corporate identification number (CIN) of Palak Handicrafts Private Limited is U51909DL2005PTC142753 and the company number is 142753 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2022, the revenue trend for Palak Handicrafts Private Limited has risen by 129.74%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Palak Handicrafts Private Limited has experienced an upsurge of 183.52%.

  • The most recent Balance Sheet for Palak Handicrafts Private Limited was filed with the ROC on 31 Mar 2024.

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