
About Combine Holding Limited
Data last updated:
Combine Holding Limited is a public limited company based in New Delhi, Delhi, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 21 September 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70200DL1983PLC016585. Its GSTIN is 07AAACC0807E1ZB (Delhi).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹49 Lakh. It is led by directors including Shivam Agrawal and Kunal Guglani.
Its last annual general meeting (AGM) was held on 21 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 77A Block – B Greater Kailash – I, New Delhi, Delhi, India – 110048.
Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website combineholding.in.
Company details
CIN history
Combine Holding has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U70200DL1983PLC016585, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70200DL1983PLC016585 | Current |
| U65999DL1983PLC016585 | Previous |
| L65999DL1983PLC016585 | Previous |
Contact details
Combine Holding Limited's registered office is in New Delhi, Delhi.
- Registered Address77A Block – B Greater Kailash – I, New Delhi, Delhi, India – 110048
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- 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
Financials of Combine Holding Limited
FY 2025 filings availableCombine Holding Limited reported revenue of ₹4.95 Lakh for FY 2023.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.95 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.3 Cr | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Combine Holding Limited, buy the company report.
Board of directors of Combine Holding Limited
Combine Holding has 4 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivam Agrawal | Director | 21 Feb 2024 | 2 Years 8 Months | Current |
| Kunal Guglani Also directs: Sahu Jain Limited | Director | 21 Feb 2024 | 2 Years 8 Months | Current |
| Mehak Devgun | Additional Director | 17 Dec 2025 | 0 Years 10 Months | Current |
| Yashpal Singh Also directs: Sahu Jain Limited | Additional Director | 17 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Combine Holding Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies, Small Non Deposit NBFC), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Namokar Vinimay Pvt.Ltd. | ₹6.37 Lakh (FY 2024) | -69.0% | Kolkata, West Bengal, India | |||
| Goldline Financial Services Ltd. | ₹6.34 Lakh (FY 2024) | -92.0% | Hyderabad, Telangana, India | |||
| Riya Caplease (India) Limited | ₹6.34 Lakh (FY 2025) | -33.0% | Mehsana, Gujarat, India | |||
| Udvai Traders Pvt Ltd | ₹6.34 Lakh (FY 2025) | 6235.0% | Nagpur, Maharashtra, India | |||
| Transnational Growth Fund Ltd. | ₹6.27 Lakh (FY 2023) | New Delhi, Delhi, India | ||||
| Merry Fiscal Services Pvt.Ltd. | ₹6.25 Lakh (FY 2024) | 7.0% | Kolkata, West Bengal, India | |||
| Prashant Impex Private Limited | ₹6.25 Lakh (FY 2016) | -40.0% | Kolkata, West Bengal, India | |||
| Bhamidi Finance and Consultancy Private Limited | ₹6.25 Lakh (FY 2025) | -37.0% | Hyderabad, Telangana, India | |||
| Revolving Investments Limited | ₹6.24 Lakh (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Holdwell Distributors Pvt.Ltd. | ₹6.19 Lakh (FY 2024) | -23.0% | Udaipur, Rajasthan, India | |||
| Combine Holding Limitedthis company | ₹4.95 Lakh (FY 2023) | -₹5.3 Cr | New Delhi, Delhi, India |
To see the full peer comparison of Combine Holding Limited, buy the company report.
Legal cases
Combine Holding Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company | Pending |
To see the full case history of Combine Holding 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 Combine Holding Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Combine Holding has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACC0807E1ZB | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Combine Holding Limited, buy the company report.
Recent activity
Combine Holding Limited has 25 board changes on record since 2007: 4 appointments and 21 cessations. The latest: Mehak Devgun was appointed as Additional Director on 17 Dec 2025.
16 earlier events are in the company report.
Frequently asked questions
Combine Holding is an active public limited company based in New Delhi, Delhi, India. The company works in nbfc, within the financial services industry. It was incorporated on 21 September 1983 (43+ years old) and is registered under CIN U70200DL1983PLC016585.
Combine Holding has 4 current directors:
- Shivam Agrawal - Director
- Kunal Guglani - Director
- Mehak Devgun - Additional Director
- Yashpal Singh - Additional Director
The latest financial statements of Combine Holding on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Combine Holding is 07AAACC0807E1ZB, registered in Delhi.
The CIN (Corporate Identification Number) of Combine Holding is U70200DL1983PLC016585. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Combine Holding has 1 court case on record: 1 filed against it. 1 is pending.
Combine Holding was incorporated on 21 September 1983, making it 43+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Combine Holding by revenue are Namokar Vinimay Pvt.Ltd, Goldline Financial Services Ltd, Riya Caplease (India) Limited, Udvai Traders Pvt Ltd, Transnational Growth Fund Ltd. and 5 more, all in the BFSI industry (Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies, Small Non Deposit NBFC).
Mehak Devgun was appointed as Additional Director on 17 Dec 2025. Yashpal Singh was appointed as Additional Director on 17 Sep 2025. Kunal Guglani ceased to be Additional Director on 22 Aug 2024. Combine Holding has 25 board changes on record in total.
Combine Holding can be reached through the website combineholding.in. Its registered office is in New Delhi, Delhi, India.
The registered office of Combine Holding is at 77A Block – B Greater Kailash – I, New Delhi, Delhi, India – 110048.

