India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,482 Ved Prakash Agarwal & family ₹1,400 Cr
Hi-Tech Mercantile (India) Private Limited
Hi-Tech Mercantile (India) Private Limited - financial services in Baba Bakala, Punjab, India. FY 2026 financials & compliance.
Active Private Limited Company financial services
Revenue · FY 2025
₹1.95 Cr
▲ 274% YoY
Net loss · FY 2025
₹6.02 Lakh
Net margin -3.1%
EBITDA · FY 2025
-₹5.92 Lakh
EBITDA margin -3%
Authorised capital
₹1.3 Cr
Registered with MCA
Paid-up capital
₹1.3 Cr
Issued & subscribed
Satisfied charges
₹250 Cr
No open charges
Company age
32 yrs
Est. 1994
Directors on board
3
As per MCA filings
About Hi-Tech Mercantile (India) Private Limited
Data last updated:
Hi-Tech Mercantile (India) Private Limited is a private limited company based in Baba Bakala, Punjab, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 05 May 1994 and has been in existence for over 32 years.
Its director Ved Prakash Agarwal and family are #1,482 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U74899PB1994PTC053065.
The company has an authorised share capital of ₹1.3 Cr and a paid-up capital of ₹1.3 Cr. It is led by directors including Shiv Shankar Agarwal and Vikram Agarwal.
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 Darjiyan Wali Gali Rayya, Baba Bakala, Punjab, India – 143112.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.95 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹6.02 Lakh (net margin -3.1%) and EBITDA of -₹5.92 Lakh (EBITDA margin -3%). Revenue has grown at a compounded annual rate (CAGR) of 93% over three years and 37% over five years.
As per MCA filings, the company has satisfied charges of ₹250 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74899PB1994PTC053065
Registration Number 053065
Incorporation Date 05 May 1994
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Hi-Tech Mercantile (India) has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74899PB1994PTC053065, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899PB1994PTC053065 | Current |
| U74899HR1994PTC041249 | Previous |
| U74899DL1994PTC058826 | Previous |
Recognitions & Rankings of Hi-Tech Mercantile (India)
Contact details
Hi-Tech Mercantile (India) Private Limited's registered office is in Baba Bakala, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDarjiyan Wali Gali Rayya, Baba Bakala, Punjab, India – 143112
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Hi-Tech Mercantile (India) Private Limited, buy the company report.
Comprehensive company report
Hi-Tech Mercantile (India) Private Limited - one report that includes everything
- 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
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Financials of Hi-Tech Mercantile (India) Private Limited
FY 2025 filings availableHi-Tech Mercantile (India) Private Limited reported revenue of ₹1.95 Cr (up 274% YoY) for FY 2025.
Revenue · FY 2025
₹1.95 Cr ▲ 274%
Net loss · FY 2025
₹6.02 Lakh margin -3.1%
EBITDA · FY 2025
-₹5.92 Lakh margin -3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 274%
3 years · compounded
▲ 93%
5 years · compounded
▲ 37%
EBITDA CAGR growth
1 year
▼ 166%
3 years · compounded
▼ 17%
5 years · compounded
▼ 19%
Revenue has grown at a compounded annual rate (CAGR) of 37% over five years, including 274% growth in the latest year. EBITDA fell 166% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.92 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.02 Lakh | ||||
| 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 | -3% | ||||
| Net Profit Margin | -3.1% | ||||
| 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 Hi-Tech Mercantile (India) Private Limited, buy the company report.
Board of directors of Hi-Tech Mercantile (India) Private Limited
Hi-Tech Mercantile (India) has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shiv Shankar Agarwal Also directs: Essential Electronics LLP, Pareek Overseas LLP, Supercast Ispat (Ind) Private Limited and 5 more | Director | 11 Jul 2024 | 2 Years 3 Months | Current |
| Vikram Agarwal Also directs: Essential Electronics LLP, Vision Mercantile Private Limited, Stable Holdings Private Limited and 5 more | Director | 31 Dec 2015 | 10 Years 10 Months | Current |
| Ved Prakash Agarwal Also directs: Vision Mercantile Private Limited, Stable Holdings Private Limited, Chaibasa Steel LLP and 5 more | Director | 31 Dec 2015 | 10 Years 10 Months | Current |
Peer comparison
Hi-Tech Mercantile (India) Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking Services), 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 |
|---|---|---|---|---|---|---|
| Jet Age Securities Pvt Ltd | ₹1.96 Cr (FY 2025) | -12.0% | Kokata, West Bengal, India | |||
| Integra Securities Private Limited | ₹1.96 Cr (FY 2025) | 49.0% | New Delhi, Delhi, India | |||
| Hi-Tech Mercantile (India) Private Limitedthis company | ₹1.95 Cr (FY 2025) | -₹6.02 Lakh | -3.1% | 274.0% | Baba Bakala, Punjab, India | |
| MMB Impex Private Limited | ₹1.95 Cr (FY 2025) | -76.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Hi-Tech Mercantile (India) Private Limited, buy the company report.
Auditor
Hi-Tech Mercantile (India) Private Limited is audited by W D K & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| W D K & ASSOCIATES | FY 2021 | 016389N |
Shareholding
The shareholding of Hi-Tech Mercantile (India) Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hi-Tech Mercantile (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹250 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Feb 2018 | 100210255 | Others | ₹250 Cr | Satisfied |
To see the full charge records of Hi-Tech Mercantile (India) Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Hi-Tech Mercantile (India) Private Limited has 4 court cases on record: 2 filed by Hi-Tech Mercantile (India), 2 filed against it. 1 case is pending and 3 are disposed.
Total cases
4
Filed by the company
2
Filed against the company
2
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against an individual | Pending |
| District court, Raigarh, Chhattisgarh | Court case (REGULAR CIVIL APPEAL) | Filed against the company | Disposed |
| High Court of Delhi | Appeal | Filed against the company by an individual | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against an individual | Disposed |
To see the full case history of Hi-Tech Mercantile (India) 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 Hi-Tech Mercantile (India) 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 Hi-Tech Mercantile (India) Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Hi-Tech Mercantile (India) Private Limited has 8 board changes on record since 2011: 3 appointments and 5 cessations. The latest: Shiv Shankar Agarwal ceased to be Additional Director on 24 Sep 2024.
AGM
Hi-Tech Mercantile (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Hi-Tech Mercantile (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Ceased
Shiv Shankar Agarwal ceased to be Additional Director.
Ceased
Rakesh Gupta ceased to be Director.
Appointed
Shiv Shankar Agarwal was appointed as Director.
Charges
A charge registered on 16 Feb 2018 via Charge ID 100210255 with Others was fully satisfied on 06 Apr 2023.
Charges
A charge with Others amounted to Rs. 250.00 Cr with Charge ID 100210255 was registered on 16 Feb 2018.
Ceased
Matbar Singh Rawat ceased to be Director.
Appointed
Ved Prakash Agarwal was appointed as Director.
Appointed
Vikram Agarwal was appointed as Director.
Ceased
Chandra Singh Rawat ceased to be Director.
Ceased
Ashok Kumar Sharma ceased to be Director.
1 earlier event is in the company report.
Frequently asked questions
Hi-Tech Mercantile (India) is an active private limited company based in Baba Bakala, Punjab, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 05 May 1994 (32+ years old) and is registered under CIN U74899PB1994PTC053065.
Hi-Tech Mercantile (India) has 3 current directors:
- Shiv Shankar Agarwal - Director
- Vikram Agarwal - Director
- Ved Prakash Agarwal - Director
The latest financial statements of Hi-Tech Mercantile (India) 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 Hi-Tech Mercantile (India) is U74899PB1994PTC053065. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hi-Tech Mercantile (India) has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Hi-Tech Mercantile (India) was incorporated on 05 May 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Hi-Tech Mercantile (India) by revenue are Jet Age Securities Pvt Ltd, Integra Securities Private Limited, MMB Impex Private Limited, all in the BFSI industry (Broking Services), with the same principal business activity (other financial activities).
Shiv Shankar Agarwal ceased to be Additional Director on 24 Sep 2024. Rakesh Gupta ceased to be Director on 11 Jul 2024. Shiv Shankar Agarwal was appointed as Director on 11 Jul 2024. Hi-Tech Mercantile (India) has 8 board changes on record in total.
The registered office of Hi-Tech Mercantile (India) is at Darjiyan Wali Gali Rayya, Baba Bakala, Punjab, India – 143112.
Hi-Tech Mercantile (India) operates in the financial services industry, in the brokerage and trading services segment.
Hi-Tech Mercantile (India) has no open charges and satisfied charges of ₹250 Cr as per latest MCA filings.
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