Maroon Projects Pvt Ltd
About Maroon Projects Pvt Ltd
Data last updated:
Maroon Projects Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 13 June 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51226WB1983PTC036416.
The company has an authorised share capital of ₹1.4 Cr and a paid-up capital of ₹1.27 Cr. It is led by directors Nawal Kishore Rajgarhia and Nilesh Rajgarhia.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kolkata, West Bengal.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.24 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹86.52 Lakh (net margin 69.7%) and EBITDA of ₹1.17 Cr (EBITDA margin 93.9%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 10% over five years.
The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹4.82 Cr; the latest was in September 2021. Its 3 peer companies in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 3 larger; the largest is Sangir Financial Services Pvt Ltd with revenue of ₹1.25 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Maroon Projects Pvt Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address14 Ganesh Chandra Avenue, Suit – 27, Kolkata, West Bengal, India – 700013
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Maroon Projects Pvt Ltd, 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 Maroon Projects is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Maroon Projects Pvt Ltd, buy the company report.
Financials of Maroon Projects Pvt Ltd
FY 2025 filings availableMaroon Projects Pvt Ltd reported revenue of ₹1.24 Cr (up 28% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 28% growth in the latest year. EBITDA rose 30% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.17 Cr | ||||
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| Net Profit (PAT) | ₹86.52 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 93.9% | ||||
| Net Profit Margin | 69.7% | ||||
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To see the full financial statements and ratios of Maroon Projects Pvt Ltd, buy the company report.
Board of directors of Maroon Projects Pvt Ltd
Maroon Projects has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nawal Kishore Rajgarhia Also directs: Orient Steel & Industries Ltd, Lancer Overseas Private Limited, Nawal Investment Pvt. Ltd. and 2 more | Director | 13 Jun 1983 | 43 Years 4 Months | Current |
| Nilesh Rajgarhia Also directs: Orient Steel & Industries Ltd, Lancer Overseas Private Limited, Nawal Investment Pvt. Ltd. and 2 more | Director | 15 May 2010 | 16 Years 5 Months | Current |
Peer comparison
Maroon Projects Pvt Ltd is compared with the 3 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sangir Financial Services Pvt Ltd | ₹1.25 Cr (FY 2025) | 619.0% | Kolkata, West Bengal, India | |||
| Gemstone Investments Limited | ₹1.25 Cr (FY 2025) | -41.0% | Mumbai, Maharashtra, India | |||
| Kumkum Agencies Pvt. Ltd. | ₹1.24 Cr (FY 2025) | 75.0% | Varanasi, Uttar Pradesh, India | |||
| Maroon Projects Pvt Ltdthis company | ₹1.24 Cr (FY 2024) | ₹86.52 Lakh | 69.7% | 28.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Maroon Projects Pvt Ltd, buy the company report.
Auditor
Maroon Projects Pvt Ltd is audited by M BANKA & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M BANKA & ASSOCIATES | FY 2019 | 326169E |
Shareholding
The shareholding of Maroon Projects Pvt Ltd is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Maroon Projects Pvt Ltd, buy the company report.
Deals & funding
Maroon Projects Pvt Ltd has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹4.82 Cr; the latest was in September 2021.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Lancer Overseas Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Mangalsudha Infrastructure Private Limited Seller: an individual |
| Mar 2014 | Funding round | ₹2.21 Cr | Investors: Lancer Overseas Private Limited |
| Aug 2009 | Secondary share transfer | Undisclosed | Buyer: Nawal Investments Limited, Sujata Investments Ltd , 2 individuals Seller: Diwakar Marketing Private Limited , Newjet Trexim Pvt. Ltd. , Correo Marketing Private Limited |
| Feb 2008 | Funding round | ₹2.61 Cr | Investors: Diwakar Marketing Private Limited , Newjet Trexim Pvt. Ltd. , Correo Marketing Private Limited |
To see the full deal history of Maroon Projects Pvt Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Maroon Projects Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Maroon Projects Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Maroon Projects Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Maroon Projects Pvt Ltd has 4 board changes on record since 1983: 2 appointments and 2 cessations. The latest: Nilesh Rajgarhia ceased to be Additional Director on 30 Sep 2015.
Frequently asked questions
Maroon Projects is an active private limited company based in Kolkata, West Bengal, India. The company works in nbfc, within the financial services industry. It was incorporated on 13 June 1983 (43+ years old) and is registered under CIN U51226WB1983PTC036416.
Maroon Projects has 2 current directors:
- Nawal Kishore Rajgarhia - Director
- Nilesh Rajgarhia - Director
The latest financial statements of Maroon Projects on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Maroon Projects is U51226WB1983PTC036416. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maroon Projects was incorporated on 13 June 1983, making it 43+ years old. It is registered with the Registrar of Companies, Kolkata.
Maroon Projects has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹4.82 Cr; the latest was in September 2021.
The peers of Maroon Projects by revenue are Sangir Financial Services Pvt Ltd, Gemstone Investments Limited, Kumkum Agencies Pvt. Ltd, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Nilesh Rajgarhia ceased to be Additional Director on 30 Sep 2015. Nilesh Rajgarhia was appointed as Director on 15 May 2010. Sanwar Banka Mal ceased to be Director on 15 May 2010. Maroon Projects has 4 board changes on record in total.
The registered office of Maroon Projects is at 14 Ganesh Chandra Avenue, Suit – 27, Kolkata, West Bengal, India – 700013.
Maroon Projects operates in the financial services industry, in the nbfc segment.
The compliance status of Maroon Projects is compliant as of 05 August 2026. The company is actively filing with the Registrar of Companies.