Dulcet Merchant Private Limited
About Dulcet Merchant Private Limited
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Dulcet Merchant 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 17 October 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51109MH2006PTC442986.
The company has an authorised share capital of ₹9 Lakh and a paid-up capital of ₹8.12 Lakh. It is led by directors Kripa Shankar Mahawar and Sujata Mahawar.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.68 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹71,450 (net margin 0.3%) and EBITDA of ₹1.24 Lakh (EBITDA margin 0.5%). Revenue has grown at a compounded annual rate (CAGR) of 239% over three years and 115% over five years.
As per MCA filings, the company has open charges of ₹6.98 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Dulcet Merchant has one previous CIN (Corporate Identification Number): U51109WB2006PTC111565. The current CIN is U51109MH2006PTC442986, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109MH2006PTC442986 | Current |
| U51109WB2006PTC111565 | Previous |
Contact details
Dulcet Merchant Private Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressB – 1201 12th Floor Lodha Marquise, Pandurang Budkar Marg, Mumbai, Maharashtra, India – 400018
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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 Dulcet Merchant is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Dulcet Merchant Private Limited, buy the company report.
Financials of Dulcet Merchant Private Limited
FY 2025 filings availableDulcet Merchant Private Limited reported revenue of ₹2.68 Cr (up 1527% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 115% over five years. EBITDA fell 58% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.24 Lakh | ||||
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| Net Profit (PAT) | ₹71,450 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.5% | ||||
| Net Profit Margin | 0.3% | ||||
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To see the full financial statements and ratios of Dulcet Merchant Private Limited, buy the company report.
Board of directors of Dulcet Merchant Private Limited
Dulcet Merchant has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kripa Shankar Mahawar Also directs: Garbi Finvest Limited, Kirsten Tieup Pvt Ltd, Annpurna Dealer Private Limited and 2 more | Director | 30 Oct 2015 | 11 Years 0 Months | Current |
| Sujata Mahawar Also directs: Kiwi Construction Private Limited | Director | 22 May 2017 | 9 Years 5 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Aug 2018 | 100204444 | Hdfc Bank Limited | ₹5.48 Cr | Open | |
| 12 Oct 2017 | 100182852 | Others | ₹1.5 Cr | Open |
To see the full charge records of Dulcet Merchant Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Dulcet Merchant Private Limited has 2 court cases on record: 1 filed by Dulcet Merchant, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Appeal | Filed by the company against Re: Dayasindhu Properties Pvt Ltd | Disposed |
| High Court | Company petition | Filed against the company by In the Matter of Kirsten Teiup Private Limited -and- | Disposed |
To see the full case history of Dulcet Merchant 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 Dulcet Merchant Private Limited; 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 Dulcet Merchant Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Dulcet Merchant Private Limited has 7 board changes on record since 2007: 2 appointments and 5 cessations. The latest: Rupesh Kumar Pandey ceased to be Director on 17 Aug 2021.
1 earlier event is in the company report.
Frequently asked questions
Dulcet Merchant 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 17 October 2006 (20+ years old) and is registered under CIN U51109MH2006PTC442986.
Dulcet Merchant has 2 current directors:
- Kripa Shankar Mahawar - Director
- Sujata Mahawar - Director
The latest financial statements of Dulcet Merchant 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 Dulcet Merchant is U51109MH2006PTC442986. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dulcet Merchant has 2 court cases on record: 1 filed by the company and 1 filed against it.
Dulcet Merchant was incorporated on 17 October 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Rupesh Kumar Pandey ceased to be Director on 17 Aug 2021. Sujata Mahawar was appointed as Director on 22 May 2017. Uday Shankar Mahawar ceased to be Director on 14 Nov 2015. Dulcet Merchant has 7 board changes on record in total.
The registered office of Dulcet Merchant is at B – 1201 12th Floor Lodha Marquise, Pandurang Budkar Marg, Mumbai, Maharashtra, India – 400018.
Dulcet Merchant operates in the real estate and construction industry, in the real estate builders and developers segment.
Dulcet Merchant has open charges of ₹6.98 Cr and no satisfied charges on record as per latest MCA filings.
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