About Cardinal Energy and Infrastructure Private Limited
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Cardinal Energy and Infrastructure Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Swan Energy Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 11 July 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40102MH2008PTC184568. Its GSTIN is 27AADCC7243H1ZO (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹15.01 Cr. It was formerly known as Pegasus Ventures Private Limited and Swan Energy and Infrastructure Private Limited. It is led by directors including Panna Nikhil Merchant and Deepak Krishna Mane.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6 Feltham House 2nd Floor J N Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹101.47 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹5.9 Cr (net margin 5.8%) and EBITDA of ₹43.13 Cr (EBITDA margin 42.5%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 24% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3,372 Cr and satisfied charges of ₹499.1 Cr on record. Court records list 12 cases involving the company, including 1 filed by the company and 11 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website swan.co.in.
Company details
Name history
Cardinal Energy and Infrastructure has undergone 2 name changes throughout its history. The company was previously known as Pegasus Ventures Private Limited, and Swan Energy And Infrastructure Private Limited. The current legal name is Cardinal Energy And Infrastructure Private Limited.
| Company Name | Status |
|---|---|
| Cardinal Energy and Infrastructure Private Limited | Current |
| Pegasus Ventures Private Limited | Previous |
| Swan Energy And Infrastructure Private Limited | Previous |
Contact details
Cardinal Energy and Infrastructure Private Limited's registered office is in Mumbai, Maharashtra. Its website is swan.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address6 Feltham House 2nd Floor J N Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Cardinal Energy and Infrastructure 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 Cardinal Energy and Infrastructure is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Cardinal Energy and Infrastructure Private Limited, buy the company report.
Financials of Cardinal Energy and Infrastructure Private Limited
FY 2025 filings availableCardinal Energy and Infrastructure Private Limited reported revenue of ₹101.47 Cr (down 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 30% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA rose 49% 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 | ₹43.13 Cr | ||||
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| Net Profit (PAT) | ₹5.9 Cr | ||||
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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 | 42.5% | ||||
| Net Profit Margin | 5.8% | ||||
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To see the full financial statements and ratios of Cardinal Energy and Infrastructure Private Limited, buy the company report.
Board of directors and KMP of Cardinal Energy and Infrastructure Private Limited
Cardinal Energy and Infrastructure Private Limited currently reports 6 directors and 1 key managerial person. 9 former directors have served the organization.
Peer comparison
Cardinal Energy and Infrastructure Private Limited is compared with the 4 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SJP Global Limited | ₹101.94 Cr (FY 2024) | -4.0% | Mathura, Uttar Pradesh, India | |||
| Cardinal Energy and Infrastructure Private Limitedthis company | ₹101.47 Cr (FY 2025) | ₹5.9 Cr | 5.8% | -30.0% | 3 | Mumbai, Maharashtra, India |
| Ambience Private Limited | ₹101.27 Cr (FY 2025) | -90.0% | New Delhi, Delhi, India | |||
| Shreshta Infra Projects Private Limited | ₹101.21 Cr (FY 2024) | 1375.0% | Bengaluru, Karnataka, India | |||
| Windchimes Constructions Private Limited | ₹101.13 Cr (FY 2025) | -8.0% | New Delhi, Delhi, India |
To see the full peer comparison of Cardinal Energy and Infrastructure Private Limited, buy the company report.
Auditor
Cardinal Energy and Infrastructure Private Limited is audited by N. N. Jambusaria & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. N. Jambusaria & Co. | FY 2023 | 104030W |
Shareholding
The shareholding of Cardinal Energy and Infrastructure Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cardinal Energy and Infrastructure Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Apr 2022 | 100572879 | Canara Bank | ₹30 Cr | Open | |
| 07 Aug 2021 | 100471543 | Indian Bank | ₹92 Cr | Open | |
| 28 Aug 2020 | 100373781 | Sbicap Trustee Company Limited | ₹3,152 Cr | Open | |
| 22 Jul 2016 | 100049706 | Others | ₹98 Cr | Open | |
| 22 Jan 2016 | 10624753 | Pnb Housing Finance Limited | ₹130 Cr | Satisfied |
To see the full charge records of Cardinal Energy and Infrastructure Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Cardinal Energy and Infrastructure Private Limited has 12 court cases on record: 1 filed by Cardinal Energy and Infrastructure, 11 filed against it. 1 case is pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 1 |
| High courts | 5 | 4 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARBP) | Filed against the company by Subramanya Construction Development Company Limited | Disposed |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed by the company against Subramanya Construction and Development Company Limited and 2 others | Disposed |
| Bombay High Court | Company petition | Filed against the company by V. K. Building Services Pvt. Ltd. | Disposed |
| Bombay High Court | Appeal | Filed against the company by V. K. Building Services Pvt. Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Court case (AA) | Filed against the company by M S Symphony Teleca Corporation India Pvt Ltd | Disposed |
To see the full case history of Cardinal Energy and Infrastructure 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 Cardinal Energy and Infrastructure Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Cardinal Energy and Infrastructure Private Limited has a workforce of 3 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Cardinal Energy and Infrastructure has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCC7243H1ZO | Maharashtra | Active | 08 May 2019 |
| 29AADCC7243H1ZK | Karnataka | Active | 01 Jul 2017 |
| 36AADCC7243H2ZO | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cardinal Energy and Infrastructure Private Limited, buy the company report.
Recent activity
Cardinal Energy and Infrastructure Private Limited has 16 board changes on record since 2008: 7 appointments and 9 cessations. The latest: Panna Nikhil Merchant ceased to be Additional Director on 24 Sep 2024.
25 earlier events are in the company report.
Frequently asked questions
Cardinal Energy and Infrastructure 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 11 July 2008 (18+ years old) and is registered under CIN U40102MH2008PTC184568.
Cardinal Energy and Infrastructure has 7 current directors and KMP:
- Panna Nikhil Merchant - Director
- Deepak Krishna Mane - Director
- Rohinton Eruch Shroff - Director
- Parool Paresh Merchant - Director
- Bhavik Nikhil Merchant - Director
- Paresh Vasantlal Merchant - Director
- Chetankumar Kanaiyalal Selarka - Cfo
The latest financial statements of Cardinal Energy and Infrastructure on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Cardinal Energy and Infrastructure is 27AADCC7243H1ZO, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 29AADCC7243H1ZK (Karnataka), 36AADCC7243H2ZO (Telangana).
The CIN (Corporate Identification Number) of Cardinal Energy and Infrastructure is U40102MH2008PTC184568. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cardinal Energy and Infrastructure has 12 court cases on record: 1 filed by the company and 11 filed against it. 1 is pending. Most are in the district courts.
Cardinal Energy and Infrastructure was incorporated on 11 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Cardinal Energy and Infrastructure by revenue are SJP Global Limited, Ambience Private Limited, Shreshta Infra Projects Private Limited, Windchimes Constructions Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Panna Nikhil Merchant ceased to be Additional Director on 24 Sep 2024. Parool Paresh Merchant ceased to be Additional Director on 24 Sep 2024. Arun Satyanarain Agarwal ceased to be Company Secretary on 28 Aug 2024. Cardinal Energy and Infrastructure has 16 board changes on record in total.
Cardinal Energy and Infrastructure can be reached through the website swan.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Cardinal Energy and Infrastructure is at 6 Feltham House 2nd Floor J N Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.
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