Palmotor Ways Private Limited

Palmotor Ways Private Limited

Wholesale trading of Tata Motors commercial vehicles, established in 2021.
2021 | Khorda, Odisha (India) | Active

Last Updated:

November 01, 2024
HomeCompanyPalmotor Ways Private Limited

Who are the key members and board of directors at Palmotor Ways?

Board Members(5)

NameDesignationAppointment DateStatus
Harman Singh In Director 01-Jan-2021Current
Haneet Kaur In Director 01-Jan-2021Current
Satpal Singh In Director 01-Jan-2021Current
Inderjeet Kaur In Director 01-Jan-2021Current
Sehej Singh In Director 02-Jan-2021Current

Financial Performance of Palmotor Ways.

Palmotor Ways Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 68.2% increase. The company also saw a substantial improvement in profitability, with a 146.44% increase in profit. The company's net worth Soared by an impressive increase of 18.44%.

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  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metric
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
68.20%
Revenue from Operations
67.22%
Total Assets
-1.77%
Profit or Loss
146.44%
Net Worth
18.44%
EBITDA
156.95%

Related Corporates (Common Directorship)

Charges (Loans)

Open Charges Satisfied Charges

₹4.00 Cr

₹4.00 Cr

LenderAmountStatus

Axis Bank Limited

Creation Date: 06 Dec 2021
₹4.00 CrOpen

Hdfc Bank Limited

Creation Date: 22 Mar 2021
₹4.00 CrSatisfied

How Many Employees Work at Palmotor Ways?

Palmotor Ways has a workforce of 33 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.

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Latest Updates, News, and FAQs on Palmotor Ways

Recent activity within the organization

  • Annual General Meeting

    Palmotor Ways Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Palmotor Ways Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.

    31 Mar 2024

  • Charges

    A charge registered on 22 Mar 2021 via Charge ID 100441174 with Hdfc Bank Limited was fully satisfied on 22 Dec 2023.

    22 Dec 2023

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 4.00 Cr with Charge ID 100515141 was registered on 06 Dec 2021.

    06 Dec 2021

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 4.00 Cr with Charge ID 100441174 was registered on 22 Mar 2021.

    22 Mar 2021

  • Director Appointment

    Sehej Pal Singh was appointed as a Director was appointed as a Director on 02 Jan 2021 & has been associated with this company since 4 years 2 days .

    02 Jan 2021

Frequently asked questions

  • Palmotor Ways Private Limited was incorporated on 01 Jan 2021.

  • The authorized share capital of Palmotor Ways Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 1.00 Cr.

  • Currently 5 directors are associated with Palmotor Ways Private Limited.

    • Harman Pal Singh
    • Haneet Kaur
    • Satpal Singh
    • Inderjeet Kaur
    • Sehej Pal Singh
  • As per Ministry of Corporate Affairs (Mca), the registered address of Palmotor Ways Private Limited is Plot No-96 A Cuttack Road, Budheswari Jharapada India, Bhubaneswar, Orissa, 751006.

  • The corporate identification number (CIN) of Palmotor Ways Private Limited is U50404OR2021PTC035248 and the company number is 035248 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Palmotor Ways Private Limited has risen by 68.20%.

  • As Per 2023 financial reports, 33 employees are currently employed by Palmotor Ways Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Palmotor Ways Private Limited has experienced an upsurge of 18.44%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Palmotor Ways Private Limited amount to ₹ 4.00 Cr.

  • The most recent Balance Sheet for Palmotor Ways Private Limited was filed with the ROC on 31 Mar 2024.

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