Nirmal Mercantile Private Limited
About Nirmal Mercantile Private Limited
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Nirmal Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 05 January 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51109MH2009PTC189332. Its GSTIN is 27AACCN9328F1ZC (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Krishna Nirmal Jhunjhunwala and Aditya Nirmal Jhunjhunwala.
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 45 Maker Chamber III 223 J. B. Road Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.79 Lakh, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹2.25 Lakh (net margin -125.2%) and EBITDA of -₹1.03 Lakh (EBITDA margin -57.5%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 19% over five years.
Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Nirmal Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address45 Maker Chamber III 223 J. B. Road Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Nirmal Mercantile Private 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 Nirmal Mercantile is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Nirmal Mercantile Private Limited, buy the company report.
Financials of Nirmal Mercantile Private Limited
FY 2025 filings availableNirmal Mercantile Private Limited reported revenue of ₹1.79 Lakh (down 90% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 90% fall in the latest year. EBITDA fell 116% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹1.03 Lakh | ||||
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| Net Profit (PAT) | -₹2.25 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | -57.5% | ||||
| Net Profit Margin | -125.2% | ||||
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To see the full financial statements and ratios of Nirmal Mercantile Private Limited, buy the company report.
Board of directors of Nirmal Mercantile Private Limited
Nirmal Mercantile 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 |
|---|---|---|---|---|
| Krishna Nirmal Jhunjhunwala Also directs: Erbe Care & Cultivate Private Limited, Sound Realties Private Limited, Riddhi Siddhi Skyline Realty LLP and 2 more | Director | 07 Jun 2012 | 14 Years 5 Months | Current |
| Aditya Nirmal Jhunjhunwala | Director | 05 Jan 2009 | 17 Years 10 Months | Current |
Auditor
Nirmal Mercantile Private Limited is audited by V.K. Baheti & Co. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V.K. Baheti & Co. | FY 2017 | 114437W |
Shareholding
The shareholding of Nirmal Mercantile Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nirmal Mercantile Private Limited, buy the company report.
Legal cases
Nirmal Mercantile Private Limited has 1 court case on record: 1 filed by Nirmal Mercantile. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed by the company against Kiran Agritech Pvt.Ltd. and 3 others | Pending |
To see the full case history of Nirmal Mercantile Private 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 Nirmal Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nirmal Mercantile has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCN9328F1ZC | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nirmal Mercantile Private Limited, buy the company report.
Recent activity
Nirmal Mercantile Private Limited has 4 board changes on record since 2009: 3 appointments and 1 cessation. The latest: Krishna Nirmal Jhunjhunwala ceased to be Additional Director on 29 Sep 2012.
Frequently asked questions
Nirmal Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 05 January 2009 (17+ years old) and is registered under CIN U51109MH2009PTC189332.
Nirmal Mercantile has 2 current directors:
- Krishna Nirmal Jhunjhunwala - Director
- Aditya Nirmal Jhunjhunwala - Director
The latest financial statements of Nirmal Mercantile 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 GSTIN of Nirmal Mercantile is 27AACCN9328F1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Nirmal Mercantile is U51109MH2009PTC189332. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirmal Mercantile has 1 court case on record: 1 filed by the company. 1 is pending.
Nirmal Mercantile was incorporated on 05 January 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Krishna Nirmal Jhunjhunwala ceased to be Additional Director on 29 Sep 2012. Krishna Nirmal Jhunjhunwala was appointed as Director on 07 Jun 2012. Aditya Nirmal Jhunjhunwala was appointed as Director on 05 Jan 2009. Nirmal Mercantile has 4 board changes on record in total.
The registered office of Nirmal Mercantile is at 45 Maker Chamber III 223 J. B. Road Nariman Point, Mumbai, Maharashtra, India – 400021.
Nirmal Mercantile operates in the real estate and construction industry, in the real estate builders and developers segment.
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