Paul Merchants Limited

BSE: 539113 NSE: PML
Paul Merchants Limited - financial services in New Delhi, Delhi, India. FY 2026 financials & compliance.
CIN L74900DL1984PLC018679 Incorporated 13 July 1984 ROC Delhi HQ New Delhi, Delhi, India
Active Listed - NSE: PML · BSE: 539113 Public Limited Company financial services
Data last updated
Market Cap
₹145 Cr
PML · NSE
Share Price
₹450.25
-4.18% today
Revenue
₹2,110 Cr
FY 2025-26 · -36.7% YoY
EBITDA
₹21.22 Cr
Margin 1.0%
Net Profit
−₹242 Cr
FY 2025-26 · -182.5% YoY
P/E (TTM)
6.6x
P/B 0.2x
ROE
-31.8%
ROCE -19.5%
Debt / Equity
0.02
Interest cover 7.0x

About Paul Merchants Limited

Data last updated:

Paul Merchants Limited is a public limited company based in New Delhi, Delhi, India. It operates in the forex services segment of the financial services sector. It was incorporated on 13 July 1984 and has been in existence for over 42 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L74900DL1984PLC018679. Its GSTIN is 07AAACP5609D1ZQ (Delhi). The company holds 23 GST registrations, of which 14 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 539113 and NSE: PML.

The company has an authorised share capital of ₹10.5 Cr and a paid-up capital of ₹3.08 Cr. It was formerly known as Brite Agro Mills Limited. It is led by directors including Rajneesh Bansal (Managing Director) and Ritesh Vaid (Whole-Time Director).

Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Dsm 335 336 337 3rd Floor DLF Tower 15 Shivaji Marg Najafgarh Road, New Delhi, Delhi, India – 110015.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,110.37 Cr, a decline of 36.7% compared to the previous year. For the same year it recorded a net loss of ₹242.28 Cr (net margin -11.5%) and EBITDA of ₹21.22 Cr (EBITDA margin 1%). The net worth stands at ₹897.27 Cr (up 42.7% YoY). Total assets are valued at ₹911.74 Cr (down 41.4% YoY).

The company has about 389 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.

The company is associated with 2 brands: Paul Fincap and Paul Merchants. As per MCA filings, the company has open charges of ₹47.27 Cr and satisfied charges of ₹1,340.1 Cr on record. Court records list 112 cases involving the company, including 71 filed by the company and 42 filed against it; 23 cases are pending. The company has 3 deals on record (1 funding round, 1 acquisition, 1 market trade), with disclosed funding of ₹54 Lakh; the latest was in February 2021.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website paulmerchants.net.

Company details

CIN L74900DL1984PLC018679
Registration Number 018679
Incorporation Date 13 July 1984
ROC Delhi
Listing Status Listed - Listed on NSE (PML); Listed on BSE (539113)
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Paul Merchants has one previous CIN (Corporate Identification Number): L15491DL1984PLC018679. The current CIN is L74900DL1984PLC018679, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L74900DL1984PLC018679Current
L15491DL1984PLC018679Previous
Key People
Rajneesh Bansal Managing Director Ritesh Vaid Whole-Time Director Sarita Rani Bansal Director

Contact details

Paul Merchants Limited's registered office is in New Delhi, Delhi. Its website is paulmerchants.net. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    paulmerchants.net
  • Social Media
  • Registered Address
    Dsm 335 336 337 3rd Floor DLF Tower 15 Shivaji Marg Najafgarh Road, New Delhi, Delhi, India – 110015
  • Industry
    Financial Services, Forex Services

To see the full contact details of Paul Merchants Limited, buy the company report.

Comprehensive company report
Paul Merchants 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Paul Merchants operates two associated brands: Paul Fincap and Paul Merchants. Each brand links to its own profile.

BrandDescriptionWebsite
Paul Fincap
Offers gold loans, insurance, money transfer, and travel services to customers in India.paulfincap.com
Paul Merchants
Forex, money transfer, travel, and gold loan services are provided.paulmerchants.net

Financials of Paul Merchants Limited

FY 2025-26 filings available

Paul Merchants Limited reported revenue of ₹2,110.37 Cr (down 36.7% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹2,110 Cr
-36.7% YoY
EBITDA
₹21.22 Cr
+405.8% YoY
Profit After Tax
−₹242 Cr
-182.5% YoY
Net Worth
₹897 Cr
+42.7% YoY
Total Assets
₹912 Cr
-41.4% YoY
Total Debt
₹10.39 Cr
-55.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,1103,3366,5067,0125,3673,0415,405
Revenue growth-36.7%-48.7%-7.2%+30.6%+76.5%-43.7%-
EBITDA21.22(6.94)9.1682.9666.9950.5840.71
EBITDA margin+1.0%-0.2%+0.1%+1.2%+1.3%+1.7%+0.8%
Profit before tax27865.0862.3059.6253.9344.2336.06
Net profit(242)(85.77)(50.95)44.0640.5433.2627.22
Net profit margin-11.5%-2.6%-0.8%+0.6%+0.8%+1.1%+0.5%
EPS (₹)871.41206.99177.13428.13390.77325.38256.56
Balance sheet
Total assets9121,5571,062821601508428
Net worth897629565511467427393
Total debt10.3923.5049330713279.5133.06
Cash & bank89.7738.5941.0328.2423.5714.7116.84
Net working capital28251.07965727504405306
Cash flow
Cash from operations412448(135)(154)(37.69)(68.58)(82.93)
Cash from investing(387)17.08(4.91)0.465.9622.5673.47
Cash from financing(13.80)(471)14315540.9641.5713.44
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue481482505593493582750986
Revenue growth (YoY)-2.5%-17.2%-32.7%-39.8%-51.4%---
Other income10.398.5815.5012.9129421.0723.0719.60
EBITDA4.45(2.82)(25.59)(13.27)(4.17)(2.98)(3.90)(1.22)
EBITDA margin+0.9%-0.6%-5.1%-2.2%-0.8%-0.5%-0.5%-0.1%
Depreciation1.261.611.611.420.831.070.961.05
Interest0.170.160.160.240.530.530.490.66
Profit before tax13.413.99(11.86)(2.02)28816.4917.7216.67
Tax4.521.662.544.600.84(0.19)(0.01)0.57
Net profit8.892.33(14.40)(6.62)28716.6817.7316.10
EPS (₹)28.887.44(46.69)(21.45)932.1154.1357.4752.21
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,0833,3456,5296,9215,2992,9825,370
Revenue growth-37.7%-48.8%-5.7%+30.6%+77.7%-44.5%-
EBITDA17.9710.8538.3936.9428.3216.9318.70
EBITDA margin+0.9%+0.3%+0.6%+0.5%+0.5%+0.6%+0.4%
Profit before tax17.578.2335.1334.9627.3715.9816.58
Net profit12.076.5926.1025.9720.2712.4911.80
Net profit margin+0.6%+0.2%+0.4%+0.4%+0.4%+0.4%+0.2%
EPS (₹)42.7719.1684.71252.76198.35123.32115.71
Balance sheet
Total assets505501493472436411394
Net worth495482476450425404391
Total debt6.9316.4113.5419.719.595.160.76
Cash & bank13.1134.7321.3217.2613.419.664.38
Net working capital36.42194192223179146105
Cash flow
Cash from operations(2.69)(27.19)(14.32)19.5522.28(4.86)5.38
Cash from investing7.8033.7117.19(25.48)(21.69)3.92(8.35)
Cash from financing(10.08)1.64(7.80)8.964.004.08(0.07)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue469472500591493578749985
Revenue growth (YoY)-4.9%-18.4%-33.3%-40.0%-51.5%---
Other income4.084.283.7718.354.634.444.515.00
Total expenses471475502594495581752986
EBITDA(1.95)(2.71)(2.20)(2.45)(1.79)(2.63)(2.86)(0.25)
EBITDA margin-0.4%-0.6%-0.4%-0.4%-0.4%-0.5%-0.4%-0.0%
Depreciation0.821.041.040.950.730.880.820.78
Interest0.090.080.080.100.290.250.300.30
Profit before tax1.220.450.4514.851.820.680.533.67
Tax0.370.150.413.430.370.160.370.95

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 28 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue481482505593493582750986
Revenue growth (YoY)-2.5%-17.2%-32.7%-39.8%-51.4%---
Other income10.398.5815.5012.9129421.0723.0719.60
EBITDA4.45(2.82)(25.59)(13.27)(4.17)(2.98)(3.90)(1.22)
EBITDA margin+0.9%-0.6%-5.1%-2.2%-0.8%-0.5%-0.5%-0.1%
Depreciation1.261.611.611.420.831.070.961.05
Interest0.170.160.160.240.530.530.490.66
Profit before tax13.413.99(11.86)(2.02)28816.4917.7216.67
Tax4.521.662.544.600.84(0.19)(0.01)0.57
Net profit8.892.33(14.40)(6.62)28716.6817.7316.10
EPS (₹)28.887.44(46.69)(21.45)932.1154.1357.4752.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,1103,3366,5067,0125,3673,0415,405
Revenue growth-36.7%-48.7%-7.2%+30.6%+76.5%-43.7%-
Other income26477.7858.720.771.371.441.04
Total expenses2,0893,3436,4976,9295,3002,9915,364
Employee cost37.3426.8926.6343.0130.6923.1825.70
EBITDA21.22(6.94)9.1682.9666.9950.5840.71
EBITDA margin+1.0%-0.2%+0.1%+1.2%+1.3%+1.7%+0.8%
Depreciation5.483.803.403.933.272.993.23
Interest1.101.962.1820.1811.164.802.46
Profit before tax27865.0862.3059.6253.9344.2336.06
Tax9.641.247.6915.6313.7510.349.39
Net profit(242)(85.77)(50.95)44.0640.5433.2627.22
Net profit margin-11.5%-2.6%-0.8%+0.6%+0.8%+1.1%+0.5%
EPS (₹)871.41206.99177.13428.13390.77325.38256.56
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3.083.083.081.031.031.031.03
Reserves & surplus894626562510466426392
Shareholders' funds (net worth)897629565511467427393
Minority interest0.820.000.000.000.000.000.00
Secured loans10.2223.3849230612871.6530.67
Unsecured loans0.170.121.191.153.417.862.39
Total debt10.3923.5049330713279.5133.06
Total liabilities9121,5571,062821601508428
Assets
Gross block16692.1510594.2787.3184.9183.87
Net block13562.0471.7366.5963.4362.7363.97
Capital work in progress0.040.220.250.850.350.600.00
Investments3062.2421.6823.7730.3037.4255.10
Inventories23.0912.1014.9312.375.876.018.02
Sundry debtors5.285.915.524.932.712.204.43
Cash & bank balances89.7738.5941.0328.2423.5714.7116.84
Loans & advances19225.18998750520409304
Total current assets31081.781,059795552432333
Total current liabilities28.3230.7194.4468.7948.2626.9527.24
Net working capital28251.07965727504405306
Total assets9121,5571,062821601508428
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash18.6525.0722.2320.6111.3815.8311.85
Net cash from operating activities412448(135)(154)(37.69)(68.58)(82.93)
Net cash from investing activities(387)17.08(4.91)0.465.9622.5673.47
Net cash from financing activities(13.80)(471)14315540.9641.5713.44
Net change in cash10.85(6.42)2.831.629.23(4.45)3.98
Closing cash89.7738.5941.0328.2423.5714.7116.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-36.7%-48.7%-7.2%+30.6%+76.5%-43.7%-
EBITDA growth+405.8%-175.8%-89.0%+23.8%+32.4%+24.2%-
PBT growth+327.8%+4.5%+4.5%+10.6%+21.9%+22.7%+50.4%
Net income growth-182.5%-68.3%-215.6%+8.7%+21.9%+22.2%-
Revenue CAGR (3Y)-33.0%-14.7%+28.9%+9.1%+2.9%-12.6%+23.2%
EBITDA CAGR (3Y)-36.5%--43.4%+26.8%+35.9%+27.5%+63.2%
Profitability & leverage
Net income margin+12.7%+1.9%+0.8%+0.6%+0.8%+1.1%+0.5%
Return on capital employed-19.5%-6.4%-5.1%+11.2%+11.7%+10.5%+9.5%
Return on net worth-31.8%-14.4%-9.5%+9.0%+9.0%+8.3%+7.0%
Debt / equity0.020.430.740.450.240.140.07
Long-term debt / equity0.010.130.230.100.000.000.00
Interest cover6.99-18.2537.8525.5317.5110.096.56
Efficiency & per share
Fixed asset turnover18.4034.6265.8777.2462.3536.0560.48
Inventory turnover134.93252.61480.95768.95903.83433.74852.02
Debtors turnover424.33597.381,256.451,835.812,186.86917.851,328.28
EPS (₹)871.41206.99177.13428.13390.77325.38256.56
Dividend per share (₹)0.000.000.000.000.000.002.00
Book value per share (₹)2,909.442,039.171,832.694,968.544,541.754,151.433,825.26
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue469472500591493578749985
Revenue growth (YoY)-4.9%-18.4%-33.3%-40.0%-51.5%---
Other income4.084.283.7718.354.634.444.515.00
Total expenses471475502594495581752986
EBITDA(1.95)(2.71)(2.20)(2.45)(1.79)(2.63)(2.86)(0.25)
EBITDA margin-0.4%-0.6%-0.4%-0.4%-0.4%-0.5%-0.4%-0.0%
Depreciation0.821.041.040.950.730.880.820.78
Interest0.090.080.080.100.290.250.300.30
Profit before tax1.220.450.4514.851.820.680.533.67
Tax0.370.150.413.430.370.160.370.95
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,0833,3456,5296,9215,2992,9825,370
Revenue growth-37.7%-48.8%-5.7%+30.6%+77.7%-44.5%-
Other income3.901.821.170.781.341.521.19
Total expenses2,0653,3356,4906,8845,2712,9655,351
Employee cost22.7524.3423.3919.0914.8614.2518.74
EBITDA17.9710.8538.3936.9428.3216.9318.70
EBITDA margin+0.9%+0.3%+0.6%+0.5%+0.5%+0.6%+0.4%
Depreciation3.763.212.721.721.852.232.82
Interest0.541.231.711.040.440.240.49
Profit before tax17.578.2335.1334.9627.3715.9816.58
Tax4.372.349.018.986.993.304.67
Net profit12.076.5926.1025.9720.2712.4911.80
Net profit margin+0.6%+0.2%+0.4%+0.4%+0.4%+0.4%+0.2%
EPS (₹)42.7719.1684.71252.76198.35123.32115.71
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3.083.083.081.031.031.031.03
Reserves & surplus492479473449424403390
Shareholders' funds (net worth)495482476450425404391
Secured loans6.7616.2913.4219.519.515.080.76
Unsecured loans0.170.120.120.200.080.080.00
Total debt6.9316.4113.5419.719.595.160.76
Total liabilities505501493472436411394
Assets
Gross block88.1488.9985.6479.6779.2479.8881.17
Net block61.6561.3160.7957.1658.3259.2862.09
Capital work in progress0.000.220.000.000.000.200.00
Investments372243237190196203223
Inventories6.938.558.175.614.804.946.95
Sundry debtors5.005.165.104.932.712.204.43
Cash & bank balances13.1134.7321.3217.2613.419.664.38
Loans & advances33.69174208249194145110
Total current assets58.73223242277215162126
Total current liabilities22.3128.5450.4853.8635.3816.4920.41
Net working capital36.42194192223179146105
Total assets505501493472436411394
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash17.349.1714.1211.096.503.376.41
Net cash from operating activities(2.69)(27.19)(14.32)19.5522.28(4.86)5.38
Net cash from investing activities7.8033.7117.19(25.48)(21.69)3.92(8.35)
Net cash from financing activities(10.08)1.64(7.80)8.964.004.08(0.07)
Net change in cash(4.97)8.16(4.94)3.034.583.13(3.04)
Closing cash13.1134.7321.3217.2613.419.664.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-37.7%-48.8%-5.7%+30.6%+77.7%-44.5%-
EBITDA growth+65.6%-71.7%+3.9%+30.4%+67.3%-9.5%-
PBT growth+113.5%-76.6%+0.5%+27.7%+71.3%-3.6%+16.1%
Net income growth+83.2%-74.8%+0.5%+28.1%+62.3%+5.9%-
Revenue CAGR (3Y)-33.0%-14.2%+29.9%+8.8%+2.6%-13.1%+22.9%
EBITDA CAGR (3Y)-21.4%-27.4%+31.4%+25.5%+20.3%+0.6%+16.2%
Profitability & leverage
Net income margin+0.6%+0.2%+0.4%+0.4%+0.4%+0.4%+0.2%
Return on capital employed+3.6%+2.1%+7.6%+7.9%+6.6%+4.0%+4.4%
Return on net worth+2.7%+1.4%+5.6%+5.9%+4.9%+3.2%+3.1%
Debt / equity0.020.030.040.030.020.010.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover3.8016.104.792.951.661.633.09
Efficiency & per share
Fixed asset turnover23.5638.3479.0087.1166.6237.0561.64
Inventory turnover269.63400.39947.761,329.821,088.34501.87924.47
Debtors turnover410.81652.491,302.101,811.962,158.95900.041,319.70
EPS (₹)42.7719.1684.71252.76198.35123.32115.71
Dividend per share (₹)0.000.000.000.000.000.002.00
Book value per share (₹)1,605.791,562.761,544.314,380.814,129.783,931.783,807.83

To see the full year-wise statements and ratios of Paul Merchants Limited, buy the company report.

Board of directors of Paul Merchants Limited

Paul Merchants has 8 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sarita Rani Bansal
Also directs: Paul Excursions LLP, Paul Overseas Pvt Ltd, Paul Excursions Private Limited and 3 more
Director01 Apr 201511 Years 6 MonthsCurrent
Rajneesh Bansal
Also directs: Paul Innovations LLP, Paul Merchants Jewels and Metals LLP, Ssbro Infra Surge LLP and 5 more
Managing Director27 Feb 199927 Years 8 MonthsCurrent
Inder Sain NegiDirector12 Nov 20205 Years 11 MonthsCurrent
Sat Paul Bansal
Also directs: Paul Merchants Jewels and Metals LLP, Paul Landscape Realtors LLP, Paul Excursions LLP and 5 more
Director08 Jun 20215 Years 4 MonthsCurrent
Ritesh VaidWhole-Time Director10 Feb 20224 Years 8 MonthsCurrent
Tejinder Kaur
Also directs: Sab Industries Limited, Indian Acrylics Limited, Steel Strips Infrastructures Limited
Director17 Dec 20241 Years 10 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Paul Merchants Limited is audited by Rajiv Goel & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Rajiv Goel & AssociatesFY 2023011106N

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 74.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 25.40%.

Promoters: 74.60%Retail & Others: 25.40%
Sep 2026
QUARTER
74.60% Promoters
25.40% Retail & Others
Promoter holding - history
Now 74.60% · Sep 2026High 74.60% · Dec 2025Low 74.60% · Dec 2025
73%73.8%74.5%75.3%76%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 74.60%Mar 2026: 74.60%Jun 2026: 74.60%Sep 2026: 74.60%74.60%74.60%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters74.60%74.60%74.60%74.60%
Public25.40%25.40%25.40%25.40%

Charges & borrowings

Open charges
₹47.27 Cr
Satisfied charges
₹1,340.1 Cr
Breakdown by lending institutions
Others₹33.94 Cr
Hdfc Bank Limited₹13.33 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Aug 2024100976678Others₹33.8 CrOpen
21 Nov 2023100822573Hdfc Bank Limited₹1.4 CrOpen
29 Aug 2023100782290Others₹14 LakhOpen
12 Jun 2023100736703Hdfc Bank Limited₹1.93 CrOpen
09 Jul 201310445869Hdfc Bank Limited₹10 CrOpen

To see the full charge records of Paul Merchants Limited, buy the company report.

Total charge records: 64 View all charges

Deals & funding

Paul Merchants Limited has 3 deals on record (1 funding round, 1 acquisition, 1 market trade), with disclosed funding of ₹54 Lakh; the latest was in February 2021.

Total deals
3
Funding round
1
Acquisition
1
Market trade
1
Disclosed funding
₹54 Lakh

Deals on record (3 of 3)

WhenDealAmountParties
Feb 2021Market trade₹22.19 CrBuyer: an individual
Seller: an individual
Sep 2017Acquisition₹263.33 CrBuyer: Ebix Money Express Private Limited
Seller: Paul Merchants Limited
Oct 2006Funding round₹54 LakhInvestors: Chanduka Trading Private Limited , Daphene Investments and Properties Limited, Bma Capefin Limited

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Paul Merchants Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Paul Merchants has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Paul Merchants Finance Private LimitedU65921CH2010PTC032462
PML Realtors Private LimitedU70109CH2017PTC041807

To see the full group structure of Paul Merchants Limited, buy the company report.

Employees & EPFO

Paul Merchants Limited has a workforce of 389 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.

Employee count
389
Active EPFO establishments
1
Employee growth
8.36%

GST

Paul Merchants has 23 GST registrations: 14 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
23
Active
14
Cancelled / inactive
9
GSTINStateStatusRegistered on
07AAACP5609D1ZQDelhiActive01 Jul 2017
02AAACP5609D1Z0Himachal PradeshActive01 Jul 2017
03AAACP5609D1ZYPunjabActive01 Jul 2017
04AAACP5609D1ZWChandigarhActive01 Jul 2017

To see the full GST registrations and return filing status of Paul Merchants Limited, buy the company report.

Recent activity

Paul Merchants Limited has 50 board changes on record since 1993: 29 appointments and 21 cessations. The latest: Tejinder Kaur was appointed as Director on 17 Dec 2024.

Charges
A charge registered on 24 May 2023 via Charge ID 100731288 with Others was fully satisfied on 26 May 2026.
Charges
A charge registered on 30 Oct 2019 via Charge ID 100297488 with Others was fully satisfied on 24 Apr 2026.
Filing
Paul Merchants Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
Charges
A charge registered on 19 Jul 2024 via Charge ID 100957864 with Others was fully satisfied on 26 Nov 2025.
Charges
A charge registered on 21 Feb 2023 via Charge ID 100684228 with Others was fully satisfied on 26 Nov 2025.
Charges
A charge registered on 05 Aug 2024 via Charge ID 100966129 with Others was fully satisfied on 19 Nov 2025.
Charges
A charge registered on 19 Jan 2023 via Charge ID 100676977 with Idbi Bank Limited was fully satisfied on 20 Sep 2025.
AGM
Paul Merchants Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Charges
A charge registered on 20 Jan 2025 via Charge ID 101045607 with State Bank Of India was fully satisfied on 10 Jul 2025.
Charges
A charge registered on 21 Jul 2020 via Charge ID 100371445 with State Bank Of India was fully satisfied on 10 Jul 2025.
Charges
A charge registered on 12 Dec 2024 via Charge ID 101024532 with Hdfc Bank Limited was fully satisfied on 30 Jun 2025.
Charges
A charge registered on 28 Jun 2024 via Charge ID 100947815 with Hdfc Bank Limited was fully satisfied on 30 Jun 2025.

177 earlier events are in the company report.

News

Frequently asked questions

Paul Merchants is an active public limited company based in New Delhi, Delhi, India. The company works in forex services, within the financial services industry. It was incorporated on 13 July 1984 (42+ years old) and is registered under CIN L74900DL1984PLC018679. Listed on BSE: 539113 and NSE: PML.

Paul Merchants reported revenue of ₹2,110.37 Cr for FY 2025-26 (down 36.7% YoY) based on consolidated financials.

Paul Merchants has 8 current directors:

The latest financial statements of Paul Merchants on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Paul Merchants is 07AAACP5609D1ZQ, registered in Delhi. The company has 23 GST registrations in all, of which 14 are active and 9 are cancelled or inactive. Other active GSTINs include 02AAACP5609D1Z0 (Himachal Pradesh), 03AAACP5609D1ZY (Punjab), 04AAACP5609D1ZW (Chandigarh).

The CIN (Corporate Identification Number) of Paul Merchants is L74900DL1984PLC018679. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Paul Merchants is a listed company as per MCA records. Its shares are listed on both BSE (code: 539113) and NSE (symbol: PML).

Paul Merchants has 112 court cases on record: 71 filed by the company and 42 filed against it. 23 are pending. Most are in the district courts.

Paul Merchants was incorporated on 13 July 1984, making it 42+ years old. It is registered with the Registrar of Companies, Delhi.

Paul Merchants has 3 deals on record (1 funding round, 1 acquisition, 1 market trade), with disclosed funding of ₹54 Lakh; the latest was in February 2021.