Highpower Mercantile Limited
About Highpower Mercantile Limited
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Highpower Mercantile Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 26 June 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31100MH1989PLC052356. Its GSTIN is 27AAACH0969A1ZX (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Sanjay Maheshwari and Nirmal Murarka.
Its last annual general meeting (AGM) was held on 29 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 11 Cama Industrial Estate Goregaon (East), Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2026, the company reported a revenue of ₹10.53 Lakh, a growth of 29% compared to the previous year. For the same year it recorded a net loss of ₹1,848 (net margin -0.2%) and EBITDA of -₹2,441 (EBITDA margin -0.2%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 18% over five years.
Court records list 40 cases involving the company, including 18 filed by the company and 22 filed against it; 9 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Highpower Mercantile has one previous CIN (Corporate Identification Number): U31100MH1989PTC052356. The current CIN is U31100MH1989PLC052356, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31100MH1989PLC052356 | Current |
| U31100MH1989PTC052356 | Previous |
Contact details
Highpower Mercantile Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address11 Cama Industrial Estate Goregaon (East), Mumbai, Maharashtra, India – 400063
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Highpower Mercantile Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Highpower Mercantile is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Highpower Mercantile Limited, buy the company report.
Financials of Highpower Mercantile Limited
FY 2026 filings availableHighpower Mercantile Limited reported revenue of ₹10.53 Lakh (up 29% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue rose 29% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 18%. EBITDA fell 103% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹10.53 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2,441 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1,848 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.2% | ||||
| Net Profit Margin | -0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Highpower Mercantile Limited, buy the company report.
Board of directors of Highpower Mercantile Limited
Highpower Mercantile has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Maheshwari Also directs: Remi Securities Limited, Skyrise Mercantile Limited, Vishwakarma Job Works Limited and 1 more | Director | 15 Oct 2022 | 4 Years 0 Months | Current |
| Nirmal Murarka | Director | 13 Dec 2019 | 6 Years 11 Months | Current |
| Pravin Prabhakar Parab | Director | 17 May 2024 | 2 Years 5 Months | Current |
Auditor
Highpower Mercantile Limited is audited by U B Agrawal & Co. Chartered Accountants for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| U B Agrawal & Co. Chartered Accountants | FY 2026 | 148838 |
Shareholding
The shareholding of Highpower Mercantile Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Highpower Mercantile Limited, buy the company report.
Legal cases
Highpower Mercantile Limited has 40 court cases on record: 18 filed by Highpower Mercantile, 22 filed against it. 9 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 15 | 7 |
| High courts | 9 | 7 | 2 |
Cases on record (5 of 40)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed by the company against Orange Hotels and Restaurants Pvt. Ltd. and 1 other | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (M Appeal) | Filed against the company by M/S. Creme Hospitality and Management. | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (REVISION) | Filed against the company by M/S. Creme Hospitality and Management. | Pending |
| Bombay High Court | Writ petition | Filed by the company against The State of Maharashtra and Ors | Pending |
| High Court, MAHARASHTRA | Court case (APL) | Filed against the company by M/S Creme Hospitality and Management and Ors Rajeev Sawant and Associates | Pending |
To see the full case history of Highpower Mercantile Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Highpower Mercantile Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Highpower Mercantile has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH0969A1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Highpower Mercantile Limited, buy the company report.
Recent activity
Highpower Mercantile Limited has 7 board changes on record since 2008: 3 appointments and 4 cessations. The latest: Digambar Muralidhar Gadre ceased to be Director on 17 May 2024.
Frequently asked questions
Highpower Mercantile is an active public limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 26 June 1989 (37+ years old) and is registered under CIN U31100MH1989PLC052356.
Highpower Mercantile has 3 current directors:
- Sanjay Maheshwari - Director
- Nirmal Murarka - Director
- Pravin Prabhakar Parab - Director
The latest financial statements of Highpower Mercantile on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Highpower Mercantile is 27AAACH0969A1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Highpower Mercantile is U31100MH1989PLC052356. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Highpower Mercantile has 40 court cases on record: 18 filed by the company and 22 filed against it. 9 are pending. Most are in the district courts.
Highpower Mercantile was incorporated on 26 June 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Digambar Muralidhar Gadre ceased to be Director on 17 May 2024. Pravin Prabhakar Parab was appointed as Director on 17 May 2024. Pravin Chiranjilal Jalan ceased to be Director on 15 Oct 2022. Highpower Mercantile has 7 board changes on record in total.
The registered office of Highpower Mercantile is at 11 Cama Industrial Estate Goregaon East, Mumbai, Maharashtra, India – 400063.
Highpower Mercantile operates in the financial services industry, in the real estate financing segment.
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