About Michigan Commerce Private Limited
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Michigan Commerce 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 14 December 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH1999PTC123087. Its GSTIN is 27AACCM8210H1ZM (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.03 Cr. It is led by directors Ajay Ghanashyam Padval and Pankaj Bhaskar Tike.
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 201 Durga Apartments 2nd Floor Ajmal Road Vile Parle (East), Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.05 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹94,863 (net margin 0.5%) and EBITDA of ₹1.37 Lakh (EBITDA margin 0.7%). Revenue has grown at a compounded annual rate (CAGR) of 118% over five years.
The company is associated with 1 brand: Michigan Commerce Private Limited. As per MCA filings, the company has satisfied charges of ₹23.95 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. For more details, the company can be reached via its website michigancommerce.in.
Company details
Contact details
Michigan Commerce Private Limited's registered office is in Mumbai, Maharashtra. Its website is michigancommerce.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address201 Durga Apartments 2nd Floor Ajmal Road Vile Parle (East), Mumbai, Maharashtra, India – 400057
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Michigan Commerce Private Limited, buy the company report.
- 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
Brands
Michigan Commerce operates one associated brand: Michigan Commerce Private Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development and construction services in Mumbai. | michigancommerce.in |
Business activity
The main business activity of Michigan Commerce is information and communication. In detail, this covers programming and broadcasting activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 60 | Programming and broadcasting activities |
To see the full business activity and turnover split of Michigan Commerce Private Limited, buy the company report.
Financials of Michigan Commerce Private Limited
FY 2025 filings availableMichigan Commerce Private Limited reported revenue of ₹2.05 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 118% over five years, including 19% growth in the latest year. EBITDA fell 91% 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 | ₹1.37 Lakh | ||||
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| Net Profit (PAT) | ₹94,863 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 0.7% | ||||
| Net Profit Margin | 0.5% | ||||
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To see the full financial statements and ratios of Michigan Commerce Private Limited, buy the company report.
Board of directors of Michigan Commerce Private Limited
Michigan Commerce has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Ghanashyam Padval Also directs: Equitree Fidelis LLP, Equitree Fidelis Securities LLP, Vegcrop Agro Products Private Limited and 3 more | Director | 15 Dec 1999 | 26 Years 10 Months | Current |
| Pankaj Bhaskar Tike Also directs: Prerna Capital Services LLP | Director | 01 Feb 2019 | 7 Years 8 Months | Current |
Auditor
Michigan Commerce Private Limited is audited by KIRAN A DEODHAR & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KIRAN A DEODHAR & ASSOCIATES | FY 2019 | 113471W |
Shareholding
The shareholding of Michigan Commerce Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Michigan Commerce Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 May 2019 | 100265750 | Others | ₹2 Cr | Satisfied | |
| 22 Sep 2017 | 100128125 | Others | ₹2.5 Cr | Satisfied | |
| 31 Mar 2017 | 100098780 | Others | ₹1.5 Cr | Satisfied | |
| 14 Dec 2016 | 100095394 | Others | ₹5 Cr | Satisfied | |
| 19 Mar 2016 | 100020620 | Others | ₹1.6 Cr | Satisfied |
To see the full charge records of Michigan Commerce Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Michigan Commerce Private Limited has 2 court cases on record: 1 filed by Michigan Commerce, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Nkgsb Co-Op. Bank Ltd. | Disposed |
To see the full case history of Michigan Commerce 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 Michigan Commerce Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Michigan Commerce has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCM8210H1ZM | Maharashtra | Active | 01 Jul 2017 |
| 29AACCM8210H1ZI | Karnataka | Active | 08 Feb 2018 |
To see the full GST registrations and return filing status of Michigan Commerce Private Limited, buy the company report.
Recent activity
Michigan Commerce Private Limited has 5 board changes on record since 1999: 2 appointments and 3 cessations. The latest: Gurudatta Prabhu ceased to be Director on 16 Feb 2024.
18 earlier events are in the company report.
Frequently asked questions
Michigan Commerce 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 14 December 1999 (27+ years old) and is registered under CIN U67190MH1999PTC123087.
Michigan Commerce has 2 current directors:
- Ajay Ghanashyam Padval - Director
- Pankaj Bhaskar Tike - Director
The latest financial statements of Michigan Commerce 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 Michigan Commerce is 27AACCM8210H1ZM, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AACCM8210H1ZI (Karnataka).
The CIN (Corporate Identification Number) of Michigan Commerce is U67190MH1999PTC123087. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Michigan Commerce has 2 court cases on record: 1 filed by the company and 1 filed against it.
Michigan Commerce was incorporated on 14 December 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
Gurudatta Prabhu ceased to be Director on 16 Feb 2024. Pankaj Bhaskar Tike ceased to be Additional Director on 30 Sep 2019. Pankaj Bhaskar Tike was appointed as Director on 01 Feb 2019. Michigan Commerce has 5 board changes on record in total.
Michigan Commerce can be reached through the website michigancommerce.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Michigan Commerce is at 201 Durga Apartments 2nd Floor Ajmal Road Vile Parle East, Mumbai, Maharashtra, India – 400057.