Palma Development Finance Private Limited

NBFC company providing financial services, incorporated in 1990, based in Marthandam, Tamil Nadu.

1990 | Kanyakumari, Tamil Nadu (India) | Active
Last Updated:

Palma Development Finance Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 4.81 Cr
  • Company Age 34 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 1.93%
  • Profit Growth 4136.95%
  • Ebitda 1251.28%
  • Net Worth 2.76%
  • Total Assets 3.24%

About Palma Development Finance

Palma Development Finance Private Limited (PDFPL) is a Private Limited Indian Non-Government Company incorporated in India on 10 September 1990 and has a history of 34 years and five months. Its registered office is in Kanyakumari, Tamil Nadu, India.

The Corporate was formerly known as Arihant Finance Private Limited. 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 10.00 Cr and a paid-up capital of Rs 4.81 Cr, as per Ministry of Corporate Affairs (MCA) records.

Anbaiyan Sankili, Selvan Krishnan, Vasthi Alice, and Six other members serve as directors at the Company.

Company Details

  • Location

    Kanyakumari, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65999TN1990PTC104347

  • Company No.

    104347

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    10 Sep 1990

  • Date of AGM

    13 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services

Who are the key members and board of directors at Palma Development Finance?

Executive Team (1)

NameDesignationAppointment DateStatus
Anbaiyan Sankili Country flag representing In Managing Director01-Mar-2014Current

Board Members (8)

NameDesignationAppointment DateStatus
Selvan Krishnan Country flag representing In Director 01-Mar-2014Current
Vasthi Alice Country flag representing In Director 01-Mar-2014Current
Ponnan Poulose Country flag representing In Director 19-Mar-2015Current
Nitha Roy Country flag representing In Director 30-Aug-2022Current
Ambramoli Purushothaman Country flag representing In Director 25-Nov-2022Current
Jacob Isaac Country flag representing In Whole-Time Director 27-Jun-2014Current

Financial Performance of Palma Development Finance.

Palma Development Finance Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 1.93% increase. The company also saw a substantial improvement in profitability, with a 4136.95% increase in profit. The company's net worth moved up by a moderate rise of 2.76%.

Palma Development Finance revenue growth over time
Palma Development Finance 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
1.93%
Revenue from Operations
-10.01%
Total Assets
3.24%
Profit or Loss
4136.95%
Net Worth
2.76%
EBITDA
1251.28%

What is the Ownership and Shareholding Structure of Palma Development Finance?

In 2023, Palma Development Finance had a promoter holding of 88.59% and a public holding of 11.41%. 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 Palma Development Finance?

Palma Development Finance has a workforce of 18 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.

Employee growth trends for Palma Development Finance Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Palma Development Finance, 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 Palma Development Finance'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 Palma Development Finance

Recent activity within the organization

  • Annual General Meeting

    Palma Development Finance Private Limited last Annual general meeting of members was held on 13 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Palma Development Finance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Director Appointment

    Ponnan Nadar Poulose was appointed as a Director was appointed as a Director on 19 Mar 2015 & has been associated with this company since 9 years 11 months .

  • Director Appointment

    Anbaiyan Nadar Sankili was appointed as a Managing Director was appointed as a Managing Director on 01 Mar 2014 & has been associated with this company since 11 years 8 days .

  • Director Appointment

    Selvan Bala Krishnan was appointed as a Director was appointed as a Director on 01 Mar 2014 & has been associated with this company since 11 years 8 days .

  • Director Appointment

    Vasthi Joy Alice was appointed as a Director was appointed as a Director on 01 Mar 2014 & has been associated with this company since 11 years 8 days .

Frequently asked questions

  • What is the Incorporation or founding date of Palma Development Finance Private Limited?

    Palma Development Finance Private Limited was incorporated on 10 Sep 1990.

  • What is authorized share capital and paid-up capital of Palma Development Finance Private Limited?

    The authorized share capital of Palma Development Finance Private Limited is ₹ 10.00 Cr and paid-up capital is ₹ 4.81 Cr.

  • Who are the current board members & directors of Palma Development Finance Private Limited?

    Currently 9 directors are associated with Palma Development Finance Private Limited.

    • Anbaiyan Nadar Sankili
    • Selvan Bala Krishnan
    • Vasthi Joy Alice
    • Ponnan Nadar Poulose
    • Nitha Roy
    • Ambramoli Purushothaman
    • Jacob Abraham Isaac
    • Radha Jayakumari
    • Joju Madathumpady Johny

  • What is the registered address of Palma Development Finance Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Palma Development Finance Private Limited is Door No. 16/41 St-1 Sirayankuzhi Kanjiracode Po. Marthandam, India, Vilavancode, Tamil Nadu, 629155.

  • What is the corporate identification number (CIN) and company number of Palma Development Finance Private Limited?

    The corporate identification number (CIN) of Palma Development Finance Private Limited is U65999TN1990PTC104347 and the company number is 104347 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Palma Development Finance Private Limited?

    The Official website of Palma Development Finance Private Limited is https://www.palmamicrofin.com

  • What has been the recent revenue trend for Palma Development Finance Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Palma Development Finance Private Limited has risen by 1.93%.

  • How many employees does Palma Development Finance Private Limited currently have?

    As Per 2023 financial reports, 18 employees are currently employed by Palma Development Finance Private Limited.

  • What change has been observed in the net worth of Palma Development Finance Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Palma Development Finance Private Limited has experienced an upsurge of 2.76%.

  • When was the last Balance Sheet of Palma Development Finance Private Limited filed with the ROC?

    The most recent Balance Sheet for Palma Development Finance Private Limited was filed with the ROC on 31 Mar 2024.

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