Magnificent Mercantile Private Limited - Company Profile

It is a financial services private limited company based in Mumbai, Maharashtra, India, established in 1992.
1992 Mumbai, Maharashtra, India Active
Last Updated:
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About Magnificent Mercantile Private Limited

Magnificent Mercantile Private Limited, a active private limited company, was established on 23 April 1992 in Mumbai, Maharashtra, India. Engaging in equipment leasing & financing within the trade sector, it holds CIN: U51900MH1992PTC066485. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹3.00 Cr and a paid-up capital of ₹2.75 Cr.

It upholds a compliant status. Employing 4 professional, Its leadership includes Darshitkumar Tarunkumar Parikh (Director), Bhavin Surendra Shah (Director). Past directors included Darshitkumar Tarunkumar Parikh, Saurin Jitendra Parikh, Bhavin Surendra Shah. It holds no open charges and ₹79.14 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Unit No. D-412, 4Th Floor, Crystal Plaza Premises Co-Operative Society Ltd, Linking Road, Andheri West, Mumbai, Maharashtra, 400053.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U51900MH1992PTC066485

  • Registration Number

    066485

  • Incorporation Date

    23 April 1992

  • Authorized Capital

    ₹3.00 Cr

  • Paid-Up Capital

    ₹2.75 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 3.00 Cr
  • Paid Up Capital ₹ 2.75 Cr
  • Company Age 33 Year, 10 Months
  • Last Filing with ROC 31 Mar 2025
  • Satisfied Charges ₹ 79.14 Cr
  • Revenue Growth **** 11.10%
  • Profit Growth **** 113.33%
  • Ebitda **** 17.21%
  • Net Worth 74.80%
  • Total Assets **** 107.65%
Company report

Magnificent Mercantile Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Magnificent Mercantile Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Magnificent Mercantile Private Limited?
Current Directors
Name Designation Appointment Date Status
Darshitkumar Tarunkumar Parikh Director 14 Jul 2020 Current
Bhavin Surendra Shah Director 14 Jul 2020 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 15 Mar 2016 Past
Pramod Abcsdd Director 05 Feb 2008 Past
Pramod Abcsdd Director 31 Dec 2015 Past
Pramod Abcsdd Director 29 Sep 2020 Past
Pramod Abcsdd Director 21 Aug 2020 Past
Pramod Abcsdd Director 31 Dec 2015 Past

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Financial Performance of Magnificent Mercantile.

Magnificent Mercantile Private Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 11.1% increase. The company also saw a substantial improvement in profitability, with a 113.33% increase in profit. The company's net worth Soared by an impressive increase of 74.8%.

Magnificent Mercantile revenue growth over time
Magnificent Mercantile profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 11.10%
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Revenue from Operations
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 -1.60%
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*******
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Total Assets
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 107.65%
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*******
*******
*******
Profit or Loss
*******
 113.33%
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Net Worth
*******
 74.80%
*******
*******
*******
*******
EBITDA
*******
 17.21%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Magnificent Mercantile?

In 2020, Magnificent Mercantile had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹0

Satisfied Charges

₹791,442,250.00

Charges Breakdown by Lending Institutions
  • State Bank Of India : 60.75 Cr
  • Sundaram Finance Limited : 6.14 Cr
  • Srei Equipment Finance Private Limited : 5.75 Cr
  • Reliance Capital Ltd : 4.95 Cr
  • Srei Infrastructure Finance Limited : 1.05 Cr
  • Others : 0.50 Cr
Latest Charge Details
Date Lender Amount Status
17 Feb 2016 State Bank Of India ₹60.75 Cr Satisfied
19 Nov 2015 Reliance Capital Ltd ₹6.50 M Satisfied
31 Oct 2013 Sundaram Finance Limited ₹1.22 Cr Satisfied
30 Oct 2013 Reliance Capital Ltd ₹1.20 Cr Satisfied
22 Aug 2012 Srei Equipment Finance Private Limited ₹1.00 Cr Satisfied

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How Many Employees Work at Magnificent Mercantile?

Magnificent Mercantile has a workforce of 4 employees as of Mar 23, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magnificent Mercantile, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Magnificent Mercantile's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Magnificent Mercantile
Recent Activity within the Organization
  • Annual General Meeting

    Magnificent Mercantile Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Progress on Magnificent Mercantile Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was documented.

  • Charges

    Progress on A charge registered on 17 Feb 2016 via Charge ID 10625120 with State Bank Of India was fully satisfied on 01 Sep 2023. was documented.

  • Director Appointment

    Darshitkumar Tarunkumar Parikh was appointed as a Director was appointed as a Director on 14 Jul 2020 & has been associated with this company since 5 years 7 months . was recorded as a recent event.

  • Director Appointment

    The activity Bhavin Surendra Shah was appointed as a Director was appointed as a Director on 14 Jul 2020 & has been associated with this company since 5 years 7 months . was completed.

  • Charges

    A charge registered on 30 Oct 2013 via Charge ID 10465353 with Reliance Capital Ltd was fully satisfied on 16 Nov 2018. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Magnificent Mercantile Private Limited?

The CIN of Magnificent Mercantile Private Limited is U51900MH1992PTC066485.

Where is Magnificent Mercantile Private Limited headquartered?

Magnificent Mercantile Private Limited is headquartered at Unit No. D-412, 4Th Floor, Crystal Plaza Premises Co-Operative Society Ltd, Linking Road, Andheri West, Mumbai, Maharashtra, 400053.

When was Magnificent Mercantile Private Limited incorporated?

Magnificent Mercantile Private Limited was incorporated on 23 April 1992.

Who are the current directors of Magnificent Mercantile Private Limited?

The current directors of Magnificent Mercantile Private Limited are

What is the primary industry of Magnificent Mercantile Private Limited?

The primary industry of Magnificent Mercantile Private Limited is Trade.

Is Magnificent Mercantile Private Limited a listed company?

Magnificent Mercantile Private Limited is unlisted.

What is the capital structure of Magnificent Mercantile Private Limited?

The authorized capital of Magnificent Mercantile Private Limited is ₹3.00 Cr, and the paid-up capital is ₹2.75 Cr.

What is the compliance status of Magnificent Mercantile Private Limited?

The compliance status of Magnificent Mercantile Private Limited is Compliant.

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