Belvedere Commercials Ltd
About Belvedere Commercials Ltd
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Belvedere Commercials Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the specialised services segment of the trading and commerce sector. It was incorporated on 02 April 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L51909WB1983PLC036112. It is a listed company as per MCA records.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹74.7 Lakh. It is led by directors including Kamal Bhandari and Pushpa Bhandari.
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 16 Netaji Subhas Road, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.35 Lakh, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹94,596 (net margin -70.1%) and EBITDA of -₹94,596 (EBITDA margin -70.1%). Revenue has grown at a compounded annual rate (CAGR) of 151% over three years.
Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Belvedere Commercials has one previous CIN (Corporate Identification Number): U51909WB1983PLC036112. The current CIN is L51909WB1983PLC036112, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51909WB1983PLC036112 | Current |
| U51909WB1983PLC036112 | Previous |
Contact details
Belvedere Commercials Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address16 Netaji Subhas Road, Kolkata, West Bengal, India – 700001
- IndustryTrading, Specialty, Wholesale
To see the full contact details of Belvedere Commercials 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 Belvedere Commercials 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 |
Financials of Belvedere Commercials Ltd
FY 2025 filings availableBelvedere Commercials Ltd reported revenue of ₹1.35 Lakh (down 89% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 89% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 151%. 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.35 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹94,596 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹94,596 | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -70.1% | ||||
| Net Profit Margin | -70.1% | ||||
| 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 Belvedere Commercials Ltd, buy the company report.
Board of directors of Belvedere Commercials Ltd
Belvedere Commercials has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamal Bhandari | Director | 04 May 2019 | 7 Years 6 Months | Current |
| Pushpa Bhandari Also directs: Artee Decor LLP | Director | 04 Oct 2018 | 8 Years 1 Months | Current |
| Kashinath Mullick | Director | 25 Mar 2003 | 23 Years 7 Months | Current |
| Rajeev Bhandari Also directs: Artee Decor LLP, Mahabharat Properties Pvt. Ltd., Complete Sales Private Limited and 1 more | Director | 22 Sep 2014 | 12 Years 1 Months | Current |
Peer comparison
Belvedere Commercials Ltd is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Sree Nachimar Chit Funds Private Limited | ₹1.35 Lakh (FY 2025) | 29.0% | Coimbatore, Tamil Nadu, India | |||
| PSF Urban Nidhi Limited | ₹1.35 Lakh (FY 2024) | 20.0% | Beed, Maharashtra, India | |||
| Akp Kuthuparambil Chits Private Limited | ₹1.35 Lakh (FY 2018) | 67.0% | Thrissur, Kerala, India | |||
| Tech Mfin Private Limited | ₹1.35 Lakh (FY 2025) | Patiala, Punjab, India | ||||
| Aasss Mutual Benefit Nidhi Limited | ₹1.35 Lakh (FY 2021) | Jaipur, Rajasthan, India | ||||
| Belvedere Commercials Ltdthis company | ₹1.35 Lakh (FY 2025) | -₹94,596 | -70.1% | -89.0% | Kolkata, West Bengal, India | |
| Prabaharan Nidhi Limited | ₹1.35 Lakh (FY 2023) | 14.0% | Nagercoil, Tamil Nadu, India | |||
| Adira Urban Multiple Nidhi Limited | ₹1.35 Lakh (FY 2021) | 209.0% | Beed, Maharashtra, India | |||
| Miyas Nidhi Limited | ₹1.35 Lakh (FY 2021) | 440.0% | Irinjalakkuda, Kerala, India | |||
| Ramadas Chit Fund Private Limited | ₹1.35 Lakh (FY 2024) | Virudachalam, Tamil Nadu, India | ||||
| Khwai Nidhi Limited | ₹1.35 Lakh (FY 2021) | Imphal, Manipur, India |
To see the full peer comparison of Belvedere Commercials Ltd, buy the company report.
Auditor
Belvedere Commercials Ltd is audited by NARENDRA GOYAL & COMPANY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NARENDRA GOYAL & COMPANY | FY 2017 | 315180E |
Shareholding
The shareholding of Belvedere Commercials Ltd is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Belvedere Commercials Ltd, buy the company report.
Legal cases
Belvedere Commercials Ltd has 4 court cases on record: 3 filed by Belvedere Commercials, 1 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (APO) | Filed by the company against MKJ Developers Limited & Ors. | Disposed |
| High Court of Delhi | Appeal | Filed by the company against Greenacre Holdings Ltd & Anr | Disposed |
| High Court | Civil suit | Filed by the company against Greencare Holdings Limited & Ors. | Pending |
| High Court | Tax appeal | Filed against the company by an individual | Disposed |
To see the full case history of Belvedere Commercials Ltd, 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 Belvedere Commercials 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 Belvedere Commercials Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Belvedere Commercials Ltd has 5 board changes on record since 2003: 4 appointments and 1 cessation. The latest: Birdh Raj Bhandari ceased to be Managing Director on 04 May 2019.
Frequently asked questions
Belvedere Commercials is an active public limited company based in Kolkata, West Bengal, India. The company works in specialty, within the trading industry. It was incorporated on 02 April 1983 (43+ years old) and is registered under CIN L51909WB1983PLC036112.
Belvedere Commercials has 4 current directors:
- Kamal Bhandari - Director
- Pushpa Bhandari - Director
- Kashinath Mullick - Director
- Rajeev Bhandari - Director
The latest financial statements of Belvedere Commercials 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 Belvedere Commercials is L51909WB1983PLC036112. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Belvedere Commercials is a listed company as per MCA records.
Belvedere Commercials has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending.
Belvedere Commercials was incorporated on 02 April 1983, making it 43+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Belvedere Commercials by revenue are Sree Nachimar Chit Funds Private Limited, PSF Urban Nidhi Limited, Akp Kuthuparambil Chits Private Limited, Tech Mfin Private Limited, Aasss Mutual Benefit Nidhi Limited and 5 more, all in the same principal business activity (other financial activities).
Birdh Raj Bhandari ceased to be Managing Director on 04 May 2019. Kamal Bhandari was appointed as Director on 04 May 2019. Pushpa Bhandari was appointed as Director on 04 Oct 2018. Belvedere Commercials has 5 board changes on record in total.
The registered office of Belvedere Commercials is at 16 Netaji Subhas Road, Kolkata, West Bengal, India – 700001.
Belvedere Commercials operates in the trading industry, in the specialty segment.
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