Palak Jewellers Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 1.23 Cr
- Company Age 19 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 65.00 Cr
- Satisfied Charges ₹ 30.00 Cr
- Revenue Growth 26.30%
- Profit Growth 19.20%
- Ebitda 16.32%
- Net Worth 24.09%
- Total Assets 13.03%
About Palak Jewellers
Palak Jewellers Private Limited (PJPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 26 April 2006 and has a history of 19 years and one month. Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Consumer Goods Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 1.23 Cr.
The company currently has active open charges totaling ₹65.00 Cr. The company has closed loans amounting to ₹30.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Nilesh Daga and Shailesh Daga 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
U36911MH2006PTC161390
- Company No.
161390
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
26 Apr 2006
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Consumer Goods
Palak Jewellers Private Limited
Explore comprehensive data for Palak Jewellers Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Palak Jewellers?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nilesh Daga  | Managing Director | 26-Apr-2006 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Shailesh Daga | Whole-Time Director | 26-Apr-2006 | Current |
Financial Performance of Palak Jewellers.
Palak Jewellers Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 26.3% increase. The company also saw a substantial improvement in profitability, with a 19.2% increase in profit. The company's net worth Soared by an impressive increase of 24.09%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Palak Jewellers?
In 2023, Palak Jewellers had a promoter holding of 35.79% and a public holding of 64.20%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Jugji Creators Llp
Nilesh Daga is a mutual person
- Shree Palak Finvest Private Limited
Nilesh Daga is a mutual person
Charges (Loans)
Open Charges
₹65.00 Cr
Satisfied Charges
₹30.00 Cr
Charges Breakdown by Lending Institutions
- Others : 65.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Jun 2013 | Others | ₹65.00 Cr | Open |
| 30 Jan 2013 | Axis Bank Limited | ₹5.00 Cr | Satisfied |
| 17 Jul 2007 | Axis Bank Limited | ₹25.00 Cr | Satisfied |
How Many Employees Work at Palak Jewellers?
Palak Jewellers has a workforce of 3 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Palak Jewellers, 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 Jewellers'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 Jewellers
Recent activity within the organization
- Charges
A charge with Others of Rs. 65.00 Cr registered on 04 Jun 2013 with Charge ID 10434622 was modified on 22 Mar 2024.
- Annual General Meeting
Palak Jewellers Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Palak Jewellers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Charges
A charge registered on 30 Jan 2013 via Charge ID 10406790 with Axis Bank Limited was fully satisfied on 31 Jan 2018.
- Charges
A charge registered on 17 Jul 2007 via Charge ID 10062659 with Axis Bank Limited was fully satisfied on 22 May 2014.
- Charges
A charge with Others amounted to Rs. 65.00 Cr with Charge ID 10434622 was registered on 04 Jun 2013.
Frequently asked questions
What is the Incorporation or founding date of Palak Jewellers Private Limited?
Palak Jewellers Private Limited was incorporated on 26 Apr 2006.
What is authorized share capital and paid-up capital of Palak Jewellers Private Limited?
The authorized share capital of Palak Jewellers Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.23 Cr.
Who are the current board members & directors of Palak Jewellers Private Limited?
Currently 2 directors are associated with Palak Jewellers Private Limited.
- Nilesh Champalal Daga
- Shailesh Champalal Daga
What is the registered address of Palak Jewellers Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Palak Jewellers Private Limited is 201 2Nd Floor 99/103 Bhagwan Buvan Tambakanta Mumbadevi Lane Pydhonie, Mumbai, Maharashtra, India, 400002.
What is the corporate identification number (CIN) and company number of Palak Jewellers Private Limited?
The corporate identification number (CIN) of Palak Jewellers Private Limited is U36911MH2006PTC161390 and the company number is 161390 as per Ministry of Corporate Affairs (MCA).
What is the official website of Palak Jewellers Private Limited?
The Official website of Palak Jewellers Private Limited is https://www.palakjewellers.com
What has been the recent revenue trend for Palak Jewellers Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Palak Jewellers Private Limited has risen by 26.30%.
How many employees does Palak Jewellers Private Limited currently have?
As Per 2023 financial reports, 3 employees are currently employed by Palak Jewellers Private Limited.
What change has been observed in the net worth of Palak Jewellers Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Palak Jewellers Private Limited has experienced an upsurge of 24.09%.
What are the total open charges for Palak Jewellers Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Palak Jewellers Private Limited amount to ₹ 65.00 Cr.
When was the last Balance Sheet of Palak Jewellers Private Limited filed with the ROC?
The most recent Balance Sheet for Palak Jewellers Private Limited was filed with the ROC on 31 Mar 2023.
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