Palmetto Industries (India) Private Limited Company Logo

Palmetto Industries (India) Private Limited - Company Profile

It is a packaging private limited company based in Chennai 600028, Tamil Nadu, India, established in 2006.

2006 | Chennai 600028, Tamil Nadu, India | Active
Last Updated:

About Palmetto Industries (India) Private Limited

Palmetto Industries (India) Private Limited, a active private limited company, was established on 06 June 2006 in Chennai 600028, Tamil Nadu, India. Engaging in industrial packaging solutions within the manufacturing sector, it holds CIN: U25209TN2006PTC060116. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹10.00 Cr and a paid-up capital of ₹10.00 Cr.

It upholds a active non-compliant status. Employing 104 professional, Its leadership includes Sethuprakasem Ravindran (Director), Anand (Director). Past directors included Sethuprakasem Ravindran, Shankar Balan, Krishnan Anand. It holds ₹21.47 Cr open charges and no settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at No.46, 1/4, Saidarbarsecond Main Road R A Puram, Chennai 600028, Tamil Nadu.

Company Details

  • CIN/LLPIN

    U25209TN2006PTC060116

  • Registration Number

    060116

  • Incorporation Date

    06 June 2006

  • Authorized Capital

    ₹10.00 Cr

  • Paid-Up Capital

    ₹10.00 Cr

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 10.00 Cr
  • Company Age 19 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 21.47 Cr
  • Revenue Growth -4.14%
  • Profit Growth 15.45%
  • Ebitda 133.60%
  • Net Worth -9.06%
  • Total Assets -3.20%
Company report

Palmetto Industries (India) Private Limited

Company Report FY 2025-2026

Explore comprehensive insights into Palmetto Industries (India) Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Palmetto Industries (India) Private Limited?

Current Directors

NameDesignationAppointment DateStatus
Sethuprakasem RavindranDirector26 Jun 2024Current
AnandDirector08 Oct 2015Current

Past Directors

NameDesignationCessationStatus
Pramod AbcsddAdditional Director29 Sep 2024Past
Pramod AbcsddDirector27 Jun 2024Past
Pramod AbcsddDirector29 Jan 2009Past
Pramod AbcsddDirector08 Jun 2011Past
Pramod AbcsddDirector07 Oct 2015Past
Pramod AbcsddCompany Secretary-Past

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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%.

Palmetto Industries (India) revenue growth over time
Palmetto Industries (India) 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
-4.14%
Revenue from Operations
-1.10%
Total Assets
-3.20%
Profit or Loss
15.45%
Net Worth
-9.06%
EBITDA
133.60%

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.

Shareholding Indicator graph

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Charges (Loans)

Open Charges

₹214,670,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Canara Bank : 21.47 Cr

Latest Charge Details

DateLenderAmountStatus
06 Oct 2020Canara Bank₹0.57 MOpen
21 Mar 2007Canara Bank₹21.41 CrOpen

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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.

Employee growth trends for Palmetto Industries (India) Private Limited

Deals i

Graph showing company valuation over time

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

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 Palmetto Industries (India)

Recent Activity within the Organization

  • Annual General Meeting

    The activity Palmetto Industries (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.

  • Director Appointment

    Sethuprakasem Ravindran was appointed as a Director was appointed as a Director on 26 Jun 2024 & has been associated with this company since 1 year 6 months . was recorded as a recent event.

  • Balance Sheet

    The activity Palmetto Industries (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai. was completed.

  • Charges

    Progress on 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. was documented.

  • Charges

    A charge with Canara Bank amounted to Rs. 0.06 Cr with Charge ID 100376561 was registered on 06 Oct 2020. was recorded as a recent event.

  • Director Appointment

    The activity Anand was appointed as a Director was appointed as a Director on 08 Oct 2015 & has been associated with this company since 10 years 3 months . was completed.

Frequently Asked Questions

  • What is the CIN of Palmetto Industries (India) Private Limited?

    The CIN of Palmetto Industries (India) Private Limited is U25209TN2006PTC060116.

  • Where is Palmetto Industries (India) Private Limited headquartered?

    Palmetto Industries (India) Private Limited is headquartered at No.46, 1/4, Saidarbarsecond Main Road R A Puram, Chennai 600028, Tamil Nadu.

  • When was Palmetto Industries (India) Private Limited incorporated?

    Palmetto Industries (India) Private Limited was incorporated on 06 June 2006.

  • Who are the current directors of Palmetto Industries (India) Private Limited?

    The current directors of Palmetto Industries (India) Private Limited are

  • What is the primary industry of Palmetto Industries (India) Private Limited?

    The primary industry of Palmetto Industries (India) Private Limited is Manufacturing.

  • Is Palmetto Industries (India) Private Limited a listed company?

    Palmetto Industries (India) Private Limited is unlisted.

  • What is the capital structure of Palmetto Industries (India) Private Limited?

    The authorized capital of Palmetto Industries (India) Private Limited is ₹10.00 Cr, and the paid-up capital is ₹10.00 Cr.

  • What is the compliance status of Palmetto Industries (India) Private Limited?

    The compliance status of Palmetto Industries (India) Private Limited is Active Non-Compliant.

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