Mirage Advances Private Limited
About Mirage Advances Private Limited
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Mirage Advances Private Limited is a private limited company based in Jalandhar, Punjab, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 28 July 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65921PB1995PTC016834. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.86 Cr. It is led by directors including Ved Prakash Sharma (Managing Director) and Kanwarjit Singh (Whole-Time Director).
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 556 5th Floor Cool Road, Jalandhar, Punjab, India – 144001.
As per the financials filed for FY 2025, the company reported a revenue of ₹68.35 Lakh, a growth of 93% compared to the previous year. For the same year it recorded a net profit of ₹12.71 Lakh (net margin 18.6%) and EBITDA of ₹36.12 Lakh (EBITDA margin 52.8%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 11% over five years.
As per MCA filings, the company has open charges of ₹5 Cr on record. Court records list 58 cases involving the company, including 50 filed by the company and 8 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Mirage Advances Private Limited's registered office is in Jalandhar, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address556 5th Floor Cool Road, Jalandhar, Punjab, India – 144001
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Mirage Advances 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
Business activity
The main business activity of Mirage Advances is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Mirage Advances Private Limited, buy the company report.
Financials of Mirage Advances Private Limited
FY 2025 filings availableMirage Advances Private Limited reported revenue of ₹68.35 Lakh (up 93% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 93% growth 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 | ₹36.12 Lakh | ||||
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| Net Profit (PAT) | ₹12.71 Lakh | ||||
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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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| Profitability | |||||
| EBITDA Margin | 52.8% | ||||
| Net Profit Margin | 18.6% | ||||
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To see the full financial statements and ratios of Mirage Advances Private Limited, buy the company report.
Board of directors of Mirage Advances Private Limited
Mirage Advances has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ratan Lal Sharma | Director | 16 Nov 2024 | 1 Years 11 Months | Current |
| Ved Prakash Sharma Also directs: Dhanluxmi Buildhome Private Limited | Managing Director | 24 Jul 2025 | 1 Years 3 Months | Current |
| Kanwarjit Singh Also directs: Mirage Tradecom LLP, Jalandhar Cargo Advances Limited | Whole-Time Director | 31 Dec 2006 | 19 Years 9 Months | Current |
| Kakkamalakeshavan Chellappan Nair | Director | 29 Aug 2025 | 1 Years 1 Months | Current |
| Rohit Sharma | Director | 29 Aug 2025 | 1 Years 1 Months | Current |
Peer comparison
Mirage Advances Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), 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 |
|---|---|---|---|---|---|---|
| Akme Fintrade (India) Limited | ₹68.59 Lakh (FY 2024) | 1158.0% | Udaipur, Rajasthan, India | |||
| Mirage Advances Private Limitedthis company | ₹68.35 Lakh (FY 2025) | ₹12.71 Lakh | 18.6% | 93.0% | Jalandhar, Punjab, India | |
| Ayan Fintrade Private Limited | ₹68.28 Lakh (FY 2025) | -42.0% | Jaipur, Rajasthan, India | |||
| Mahabir GMB Tradefin Pvt. Ltd. | ₹68.16 Lakh (FY 2025) | 97.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Mirage Advances Private Limited, buy the company report.
Auditor
Mirage Advances Private Limited is audited by ASHWANI GUPTA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHWANI GUPTA & ASSOCIATES | FY 2017 | 000564N |
Shareholding
The shareholding of Mirage Advances Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Mirage Advances Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Dec 2025 | 101207315 | Others | ₹2.5 Cr | Open | |
| 30 Oct 2025 | 101185849 | Others | ₹2.5 Cr | Open |
Total charge records: 2 View all charges
Legal cases
Mirage Advances Private Limited has 58 court cases on record: 50 filed by Mirage Advances, 8 filed against it. 1 case is pending and 57 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 57 | 8 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 58)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
To see the full case history of Mirage Advances 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 Mirage Advances Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mirage Advances has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Mirage Advances Private Limited, buy the company report.
Recent activity
Mirage Advances Private Limited has 12 board changes on record since 1995: 6 appointments and 6 cessations. The latest: Kakkamalakeshavan Chellappan Nair was appointed as Director on 29 Aug 2025.
5 earlier events are in the company report.
Frequently asked questions
Mirage Advances is an active private limited company based in Jalandhar, Punjab, India. The company works in nbfc, within the financial services industry. It was incorporated on 28 July 1995 (31+ years old) and is registered under CIN U65921PB1995PTC016834.
Mirage Advances has 5 current directors:
- Ved Prakash Sharma - Managing Director
- Kanwarjit Singh - Whole-Time Director
- Ratan Lal Sharma - Director
- Kakkamalakeshavan Chellappan Nair - Director
- Rohit Sharma - Director
The latest financial statements of Mirage Advances 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.
No. Mirage Advances has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Mirage Advances is U65921PB1995PTC016834. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mirage Advances has 58 court cases on record: 50 filed by the company and 8 filed against it. 1 is pending. Most are in the district courts.
Mirage Advances was incorporated on 28 July 1995, making it 31+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Mirage Advances by revenue are Akme Fintrade (India) Limited, Ayan Fintrade Private Limited, Mahabir GMB Tradefin Pvt. Ltd, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Kakkamalakeshavan Chellappan Nair was appointed as Director on 29 Aug 2025. Rohit Sharma was appointed as Director on 29 Aug 2025. Ved Prakash Sharma was appointed as Managing Director on 24 Jul 2025. Mirage Advances has 12 board changes on record in total.
The registered office of Mirage Advances is at 556 5th Floor Cool Road, Jalandhar, Punjab, India – 144001.
Mirage Advances operates in the financial services industry, in the nbfc segment.