MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0000177
Magnificent Mercantile Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹6.38 Cr
▲ 11.10% YoY
Net profit · FY 2025
₹20.43 Lakh
Net margin 3.2%
EBITDA · FY 2025
₹49.2 Lakh
EBITDA margin 7.7%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.75 Cr
Issued & subscribed
Satisfied charges
₹79.14 Cr
No open charges
Company age
34 yrs
Est. 1992
Employees · EPFO
4
Provident fund records
About Magnificent Mercantile Private Limited
Data last updated:
Magnificent Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 23 April 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1992PTC066485. Its GSTIN is 27AABCC1378B1Z2 (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.75 Cr. It is led by directors Darshitkumar Tarunkumar Parikh and Bhavin Surendra Shah.
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 ₹6.38 Cr. For the same year it recorded a net profit of ₹20.43 Lakh (net margin 3.2%) and EBITDA of ₹49.2 Lakh (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 21% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹79.14 Cr on record. Court records list 8 cases involving the company, including 8 filed by the company.
Magnificent Mercantile Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0000177). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magnificentequipments.com.
Company details
CIN U51900MH1992PTC066485
Registration Number 066485
Incorporation Date 23 April 1992
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0000177
Recognitions & Rankings of Magnificent Mercantile
Contact details
Magnificent Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its website is magnificentequipments.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No. D – 412 4th Floor Crystal Plaza Premises Co – Operative Society Ltd, Linking Road Andheri West, Mumbai, Maharashtra, India – 400053
- IndustryFinancial Services, Equipment Leasing & Financing
To see the full contact details of Magnificent Mercantile Private Limited, buy the company report.
Comprehensive company report
Magnificent Mercantile 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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Secure checkout · GST invoice included
Business activity
The main business activity of Magnificent Mercantile 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 Magnificent Mercantile Private Limited, buy the company report.
Financials of Magnificent Mercantile Private Limited
FY 2025 filings availableMagnificent Mercantile Private Limited reported revenue of ₹6.38 Cr for FY 2025.
Revenue · FY 2025
₹6.38 Cr
Net profit · FY 2025
₹20.43 Lakh margin 3.2%
EBITDA · FY 2025
₹49.2 Lakh margin 7.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 9%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▼ 40%
3 years · compounded
▼ 45%
5 years · compounded
▼ 6%
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years. EBITDA fell 40% 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 | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹49.2 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.43 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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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 | 7.7% | ||||
| Net Profit Margin | 3.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| 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 Magnificent Mercantile Private Limited, buy the company report.
Board of directors of Magnificent Mercantile Private Limited
Magnificent Mercantile has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Darshitkumar Tarunkumar Parikh Also directs: Rajbala Impex Private Limited | Director | 14 Jul 2020 | 6 Years 3 Months | Current |
| Bhavin Surendra Shah Also directs: Rajbala Impex Private Limited, Trayee Sai Darsan LLP | Director | 14 Jul 2020 | 6 Years 3 Months | Current |
Peer comparison
Magnificent Mercantile Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Machinery and Equipment Leasing, Machinery and Equipment Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Peoplenet Access Solutions Private Limited | ₹6.39 Cr (FY 2025) | 23.0% | Bangalore, Karnataka, India | |||
| Magnificent Mercantile Private Limitedthis company | ₹6.38 Cr (FY 2025) | ₹20.43 Lakh | 3.2% | 4 | Mumbai, Maharashtra, India | |
| Trackter Technical Solutions Private Limited | ₹6.37 Cr (FY 2024) | 2493.0% | Bengaluru, Karnataka, India | |||
| Batliboi International Limited | ₹6.36 Cr (FY 2024) | -22.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Magnificent Mercantile Private Limited, buy the company report.
Auditor
Magnificent Mercantile Private Limited is audited by J VASANIA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J VASANIA & ASSOCIATES | FY 2021 | 117332W |
Shareholding
The shareholding of Magnificent Mercantile Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Magnificent Mercantile Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹79.14 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Feb 2016 | 10625120 | State Bank of India | ₹60.75 Cr | Satisfied | |
| 19 Nov 2015 | 10609708 | Reliance Capital Ltd | ₹65 Lakh | Satisfied | |
| 31 Oct 2013 | 10460035 | Sundaram Finance Limited | ₹1.22 Cr | Satisfied | |
| 30 Oct 2013 | 10465353 | Reliance Capital Ltd | ₹1.2 Cr | Satisfied | |
| 22 Aug 2012 | 10373187 | Srei Equipment Finance Private Limited | ₹1 Cr | Satisfied |
To see the full charge records of Magnificent Mercantile Private Limited, buy the company report.
Total charge records: 22 View all charges
Legal cases
Magnificent Mercantile Private Limited has 8 court cases on record: 8 filed by Magnificent Mercantile. All cases are disposed.
Total cases
8
Filed by the company
8
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Eloquent Machinotech Pvt. Ltd. and 2 others | Disposed |
| NCLT, Kolkata | Insolvency matter | Filed by the company against Manpreet Engineering Private Limited | Disposed |
| District court, Bhavnagar, Gujarat | Court case (CR EN) | Filed by the company against Akasva Infrastructure Pvt. Ltd. and 2 others | Disposed |
| District court, Bhavnagar, Gujarat | Criminal complaint | Filed by the company against Akasva Infrastructure Pvt. Ltd. and 2 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against individuals | Disposed |
To see the full case history of Magnificent 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 Magnificent Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magnificent Mercantile Private Limited has a workforce of 4 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
Employee count
4
Active EPFO establishments
1
Employee growth
33.33%
GST
Magnificent Mercantile has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCC1378B1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Magnificent Mercantile Private Limited, buy the company report.
Recent activity
Magnificent Mercantile Private Limited has 11 board changes on record since 2008: 2 appointments and 9 cessations. The latest: Saumil Kishore Kumar Parikh ceased to be Additional Director on 30 Dec 2020.
AGM
Magnificent Mercantile Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Magnificent Mercantile Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 17 Feb 2016 via Charge ID 10625120 with State Bank Of India was fully satisfied on 01 Sep 2023.
Ceased
Saumil Kishore Kumar Parikh ceased to be Additional Director.
Ceased
Lakshman Raghavan ceased to be Director.
Ceased
Hiten Subhashchandra Parekh ceased to be Director.
Ceased
Sushil Kumar Gangaprasad Singh ceased to be Director.
Appointed
Bhavin Surendra Shah was appointed as Director.
Appointed
Darshitkumar Tarunkumar Parikh was appointed as Director.
Charges
A charge registered on 30 Oct 2013 via Charge ID 10465353 with Reliance Capital Ltd was fully satisfied on 16 Nov 2018.
Charges
A charge registered on 19 Nov 2015 via Charge ID 10609708 with Reliance Capital Ltd was fully satisfied on 25 Oct 2018.
Ceased
Rajat Jain ceased to be Director.
46 earlier events are in the company report.
Frequently asked questions
Magnificent Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 23 April 1992 (34+ years old) and is registered under CIN U51900MH1992PTC066485.
Magnificent Mercantile has 2 current directors:
- Darshitkumar Tarunkumar Parikh - Director
- Bhavin Surendra Shah - Director
The latest financial statements of Magnificent 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 Magnificent Mercantile is 27AABCC1378B1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Magnificent Mercantile is U51900MH1992PTC066485. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnificent Mercantile has 8 court cases on record: 8 filed by the company. Most are in the district courts.
Magnificent Mercantile was incorporated on 23 April 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Magnificent Mercantile by revenue are Peoplenet Access Solutions Private Limited, Trackter Technical Solutions Private Limited, Batliboi International Limited, all in the Machinery and Equipment industry (Machinery and Equipment Leasing, Machinery and Equipment Retail and Distribution), with the same principal business activity (retail trading).
Saumil Kishore Kumar Parikh ceased to be Additional Director on 30 Dec 2020. Lakshman Raghavan ceased to be Director on 29 Sep 2020. Hiten Subhashchandra Parekh ceased to be Director on 21 Aug 2020. Magnificent Mercantile has 11 board changes on record in total.
Yes, Magnificent Mercantile is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0000177).
Magnificent Mercantile can be reached through the website magnificentequipments.com. Its registered office is in Mumbai, Maharashtra, India.
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