Palmsure Solutions Private Limited

Specializing in biometric security solutions, including fingerprint and facial recognition technology.

2011 | Bangaluru, Karnataka (India) | Active
Last Updated: January 06, 2025

Palmsure Solutions Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 1.00 M
  • Company Age 13 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1.79 Cr
  • Revenue Growth -23.69%
  • Profit Growth 50.61%
  • Ebitda -12.66%
  • Net Worth 4.91%
  • Total Assets -12.59%

About Palmsure Solutions

Palmsure Solutions Private Limited (PSPL) is a Private Limited Indian Non-Government Company incorporated in India on 22 November 2011 and has a history of 13 years and three months. Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Information Technology 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 1.00 M and a paid-up capital of Rs 1.00 M.

The company currently has active open charges totaling ₹1.79 Cr.

Chaya Vinay and Vinay Nagaraj serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    palmsure.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U31401KA2011PTC061275

  • Company No.

    061275

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    22 Nov 2011

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Information Technology

What products or services does Palmsure Solutions Private Limited offer?

Palmsure Solutions Private Limited offers a wide range of products and services, including .

Who are the key members and board of directors at Palmsure Solutions?

Financial Performance of Palmsure Solutions.

Palmsure Solutions Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 23.69% decrease. The company also saw a substantial improvement in profitability, with a 50.61% increase in profit. The company's net worth moved up by a moderate rise of 4.91%.

Graph illustrating revenue growth over time
Graph showing 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
-23.69%
Revenue from Operations
-23.68%
Total Assets
-12.59%
Profit or Loss
50.61%
Net Worth
4.91%
EBITDA
-12.66%

What is the Ownership and Shareholding Structure of Palmsure Solutions?

In 2022, Palmsure Solutions had a promoter holding of 50.00% and a public holding of 50.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹17.90 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • State Bank Of India : 1.09 Cr
  • Others : 0.50 Cr
  • State Bank Of Mysore : 0.20 Cr

Latest Charge Details

DateLenderAmountStatus
10 Jan 2022State Bank Of India₹0.70 MOpen
20 Feb 2019State Bank Of India₹1.02 CrOpen
26 Aug 2013State Bank Of Mysore₹2.00 MOpen
19 Mar 2012Others₹5.00 MOpen

How Many Employees Work at Palmsure Solutions?

Unlock and access historical data on people associated with Palmsure Solutions, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Palmsure Solutions, 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 Palmsure Solutions'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 Palmsure Solutions

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2024

  • Balance Sheet

    Palmsure Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

    31 Mar 2024

  • Charges

    A charge with State Bank Of India amounted to Rs. 0.70 M with Charge ID 100535220 was registered on 10 Jan 2022.

    10 Jan 2022

  • Charges

    A charge with State Bank Of India of Rs. 10.20 M registered on 20 Feb 2019 with Charge ID 100245321 was modified on 01 Jun 2020.

    01 Jun 2020

  • Charges

    A charge with State Bank Of India amounted to Rs. 10.20 M with Charge ID 100245321 was registered on 20 Feb 2019.

    20 Feb 2019

  • Charges

    A charge with Others of Rs. 5.00 M registered on 19 Mar 2012 with Charge ID 10346941 was modified on 08 Jul 2016.

    08 Jul 2016

Frequently asked questions

  • What is the Incorporation or founding date of Palmsure Solutions Private Limited?

    Palmsure Solutions Private Limited was incorporated on 22 Nov 2011.

  • What is authorized share capital and paid-up capital of Palmsure Solutions Private Limited?

    The authorized share capital of Palmsure Solutions Private Limited is ₹ 1.00 M and paid-up capital is ₹ 1.00 M.

  • Who are the current board members & directors of Palmsure Solutions Private Limited?

    Currently 2 directors are associated with Palmsure Solutions Private Limited.

    • Chaya Vinay
    • Vinay Kuppahalli Nagaraj
  • What is the registered address of Palmsure Solutions Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Palmsure Solutions Private Limited is No.3 Hemagiri 1St Floor 7Th Main Mysore Bank Colony, Bsk Stage India, Bangalore, Karnataka, 560050.

  • What is the corporate identification number (CIN) and company number of Palmsure Solutions Private Limited?

    The corporate identification number (CIN) of Palmsure Solutions Private Limited is U31401KA2011PTC061275 and the company number is 061275 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Palmsure Solutions Private Limited?

    The Official website of Palmsure Solutions Private Limited is https://www.palmsure.com

  • What has been the recent revenue trend for Palmsure Solutions Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Palmsure Solutions Private Limited has fallen by -23.69%.

  • What change has been observed in the net worth of Palmsure Solutions Private Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Palmsure Solutions Private Limited has experienced an upsurge of 4.91%.

  • What are the total open charges for Palmsure Solutions Private Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Palmsure Solutions Private Limited amount to ₹ 1.79 Cr.

  • When was the last Balance Sheet of Palmsure Solutions Private Limited filed with the ROC?

    The most recent Balance Sheet for Palmsure Solutions Private Limited was filed with the ROC on 31 Mar 2024.