Palmetto Industries (India) Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 10.00 Cr
- Company Age 18 Year, 8 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 eight 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
- Location Chennai 600028, Tamil Nadu
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U25209TN2006PTC060116
- Company No.
060116
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
06 Jun 2006
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Packaging
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  | Director | 08-Oct-2015 | Current |
Shankar Balan  | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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)
Hallmark Infrastructure Private LimitedAnand is a mutual person
Sea Hydrosystems India Private LimitedAnand is a mutual person
- Caladium Properties Private Limited
Anand is a mutual person
Charges (Loans)
Open Charges
₹21.47 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Palmetto Industries (India)
Recent activity within the organization
- Annual General Meeting
Palmetto Industries (India) Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Palmetto Industries (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
- Director Appointment
Ravi Ramya was appointed as a Company Secretary was appointed as a Company Secretary on 24 Aug 2022 & has been associated with this company since 2 years 6 months .
- Charges
A charge with Canara Bank of Rs. 21.41 Cr registered on 21 Mar 2007 with Charge ID 10045485 was modified on 24 Jun 2022.
- Charges
A charge with Canara Bank amounted to Rs. 0.06 Cr with Charge ID 100376561 was registered on 06 Oct 2020.
- Director Appointment
Anand was appointed as a Director was appointed as a Director on 08 Oct 2015 & has been associated with this company since 9 years 4 months .
Frequently asked questions
What is the Incorporation or founding date of Palmetto Industries (India) Private Limited?
Palmetto Industries (India) Private Limited was incorporated on 06 Jun 2006.
What is authorized share capital and paid-up capital of Palmetto Industries (India) Private Limited?
The authorized share capital of Palmetto Industries (India) Private Limited is ₹ 10.00 Cr and paid-up capital is ₹ 10.00 Cr.
Who are the current board members & directors of Palmetto Industries (India) Private Limited?
Currently 3 directors are associated with Palmetto Industries (India) Private Limited.
- Ravi Ramya
- Shankar Balan
- Anand
What is the registered address of Palmetto Industries (India) Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Palmetto Industries (India) Private Limited is No.46 1/4, Saidarbarsecond Main Road R A Puram India, Chennai 600028, Tamil Nadu.
What is the corporate identification number (CIN) and company number of Palmetto Industries (India) Private Limited?
The corporate identification number (CIN) of Palmetto Industries (India) Private Limited is U25209TN2006PTC060116 and the company number is 060116 as per Ministry of Corporate Affairs (MCA).
What is the official website of Palmetto Industries (India) Private Limited?
The Official website of Palmetto Industries (India) Private Limited is https://www.palmetto-industries.com
What has been the recent revenue trend for Palmetto Industries (India) Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Palmetto Industries (India) Private Limited has fallen by -4.14%.
How many employees does Palmetto Industries (India) Private Limited currently have?
As Per 2023 financial reports, 104 employees are currently employed by Palmetto Industries (India) Private Limited.
What change has been observed in the net worth of Palmetto Industries (India) Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Palmetto Industries (India) Private Limited has experienced an downturn of -9.06%.
What are the total open charges for Palmetto Industries (India) Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Palmetto Industries (India) Private Limited amount to ₹ 21.47 Cr.
When was the last Balance Sheet of Palmetto Industries (India) Private Limited filed with the ROC?
The most recent Balance Sheet for Palmetto Industries (India) Private Limited was filed with the ROC on 31 Mar 2023.
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