Company Intelligence Profile
Panja Sports Private Limited
Panja Sports Private Limited is the corporate/promoter entity behind the Pro Panja League (PPL) — India's first professional, franchise-based arm-wrestling league.
Last updated 17 August 2026
Panja Sports Private Limited is the corporate entity behind the Pro Panja League, India's first professional franchise-based arm-wrestling league. Founded in 2020 by Parvin Dabas and Preeti Jhangiani, the league focuses on growth over revenue, with an FY2025 revenue of approximately ₹2.8 crore. The company received an undisclosed angel investment from actor Suniel Shetty in 2023.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Panja Sports Private Limited |
|---|---|
| CIN | U92490MH2020PTC338819 |
| PAN | Not available in the public sources reviewed. |
| Status | Active |
| Listing | No — unlisted private limited company |
| Incorporated | 14 March 2020 |
| ROC | RoC Mumbai, Maharashtra |
| Sector (NIC) | NIC 92490 / Sector: "Recreational, Cultural and Sporting Activities" |
| Registered address | 601, 6th Floor, Legacy Co-op Housing Society Ltd, 3rd Road, Bandra (West), Mumbai, Maharashtra – 400050 |
| Authorized capital | ₹5,00,000 (₹5 lakh) |
| Paid-up capital | ₹1,00,000 (₹1 lakh) |
Business Overview
- Panja Sports Private Limited is the corporate/promoter entity behind the Pro Panja League (PPL) — India's first professional, franchise-based arm-wrestling league
- Founded in 2020 by actor-couple Parvin Dabas and Preeti Jhangiani, the league operates as "A Swen Entertainment Property," i.e., under the umbrella of the founders' production house Swen Entertainment Private Limited
- PPL Season 1 ran 28 July–13 August 2023 with six city-franchise teams (e.g., Mumbai Muscle, owned by Punit Balan; Kiraak Hyderabad, owned by Gautam Reddy), telecast on Sony Sports Network, DD Sports and FanCode
- Season 2 followed in 2025 (Kiraak Hyderabad won)
- The league covers men's, women's and para-athlete categories
- Per the co-founders (Sportsmint Media interview), the current strategy is deliberately growth/eyeball-first rather than revenue-first, with monetization expected to build over 3-4 seasons via broadcast TRPs, tier-2/3 city sponsorships and athlete-driven social reach
- Actor-investor Suniel Shetty made an undisclosed angel investment into the league in July 2023 (The Financial World)
- Crunchbase lists 2 investors on record, amounts undisclosed
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Parvin Jagdev Dabas | 01795273 | - | 14 Mar 2020 |
| Preeti Gobind Jhangiani | 01798933 | - | 14 Mar 2020 |
Financials
Latest available: FY2025 (year ended 31 March 2025), standalone (no subsidiaries/consolidation implied for a company this size).
- Revenue: ~₹2.8 crore, reported "up 13% YoY"
- Tofler (separately, same FY2025 period) shows: Net profit margin 7.03%, Gross margin 0.27, Operating margin −0.13, Return on Equity 7.53%, Debt-to-Equity 0.18; YoY change: net profit +190.59%, but revenue −6.49% YoY.
TheCompanyCheck's "+13% YoY revenue" and Tofler's "−6.49% YoY revenue" for the same FY cannot both be right; absolute revenue crore-figure is only single-sourced and margin ratios are only single-sourced — neither fully corroborated. Absolute EBITDA, PAT, net worth and borrowings are locked behind paywalls on both platforms. Treat all financial figures as partial/unconfirmed pending a primary MCA filing.
Funding
- Angel investment from actor-entrepreneur Suniel Shetty into Pro Panja League, announced July 2023; amount undisclosed
- Crunchbase lists the entity with 2 investors on record, no round names or amounts disclosed
- No institutional VC/PE round identified
- No Tracxn round-name data found either
Charges / Loans
- No charges/loans registered with the RoC as of the latest available snapshot
- Both sources agree
Competitors
Niche/franchise-sports-league peers (by business model, not by NIC code), roughly similar scale (small, growth/investment-phase, single-sport franchise properties) unless noted: 1) World Armwrestling League (WAL) — global peer, direct sport-category competitor (arm-wrestling), larger international scale. 2) Ultimate Kho Kho — India, comparable niche-sport franchise league, similar growth stage. 3) Premier Badminton League — India, more established/larger broadcast scale. 4) Pro Volleyball League — India, similar franchise-league structure, larger scale. 5) Ultimate Table Tennis — India, comparable niche racket-sport franchise league. Basis: WebSearch/news comparisons; no financial benchmarking data available for direct scale comparison.
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