Palmetto Industries (India) Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 10.00 Cr
- Company Age 18 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 21.47 Cr
- Revenue Growth -4.14%
- Profit Growth 15.45%
- Ebitda 133.60%
- Net Worth -9.06%
- Total Assets -3.20%
About Palmetto Industries (India)
Palmetto Industries (India) Private Limited (PIIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 06 June 2006 and has a history of 18 years and seven months. Its registered office is in Chennai 600028, Tamil Nadu.
The Company is engaged in the Packaging 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 10.00 Cr and a paid-up capital of Rs 10.00 Cr.
The company currently has active open charges totaling ₹21.47 Cr.
The Key Managerial Personnel (KMP) at Palmetto Industries (India) Private Limited India is Ravi Ramya as COMPANY SECRETARY. Shankar Balan and Anand serve as directors at the Company.
Company Details
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LocationChennai 600028, Tamil Nadu
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U25209TN2006PTC060116
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Company No.
060116
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
06 Jun 2006
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Chennai
Industry
What products or services does Palmetto Industries (India) Private Limited offer?
Palmetto Industries (India) Private Limited offers a wide range of products and services, including Bulk Bags & Sacks, Jumbo Bags, FIBC Bags, Woven Bags, Mesh Bags, Vegetable Mesh Bag.
Who are the key members and board of directors at Palmetto Industries (India)?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ravi Ramya | Company Secretary | 24-Aug-2022 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Anand
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Director | 08-Oct-2015 | Current |
Shankar Balan
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Director | 06-Jun-2006 | Current |
Financial Performance of Palmetto Industries (India).
Palmetto Industries (India) Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 4.14% decrease. The company also saw a substantial improvement in profitability, with a 15.45% increase in profit. The company's net worth dipped by a decrease of 9.06%.
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What is the Ownership and Shareholding Structure of Palmetto Industries (India)?
In 2023, Palmetto Industries (India) had a promoter holding of 80.00% and a public holding of 20.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Hallmark Infrastructure Private LimitedAnand is a mutual person
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Sea Hydrosystems India Private LimitedAnand is a mutual person
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Caladium Properties Private Limited
Anand is a mutual person
Charges (Loans)
₹21.47 Cr
₹0
Charges Breakdown by Lending Institutions
- Canara Bank : 21.47 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Oct 2020 | Canara Bank | ₹0.57 M | Open |
| 21 Mar 2007 | Canara Bank | ₹21.41 Cr | Open |
How Many Employees Work at Palmetto Industries (India)?
Palmetto Industries (India) has a workforce of 104 employees as of Mar 29, 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 Palmetto Industries (India), 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 Palmetto Industries (India)'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.
