About Narnolia Commerze Limited
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Narnolia Commerze Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Narnolia Financial Services Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 07 December 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74140WB1994PLC066386. Its GSTIN is 19AACCM2612B1Z1 (West Bengal). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.61 Cr and a paid-up capital of ₹1.6 Cr. It was formerly known as Microsec Commerze Limited. It is led by directors including Pankaj Harlalka and Krishnanand Narnolia.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 201 2nd Floor Marble Arch 236B A.J.C. Bose Road, Kolkata, West Bengal, India – 700020.
As per the financials filed for FY 2020, the company reported a revenue of ₹90.99 Lakh, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹15.73 Lakh (net margin 17.3%) and EBITDA of ₹19.07 Lakh (EBITDA margin 21%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years and 11% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Narnolia.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website narnolia.com.
Company details
Contact details
Narnolia Commerze Limited's registered office is in Kolkata, West Bengal. Its website is narnolia.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Apps
- Registered Address201 2nd Floor Marble Arch 236B A.J.C. Bose Road, Kolkata, West Bengal, India – 700020
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Narnolia Commerze 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
Narnolia Commerze operates one associated brand: Narnolia. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-asset trading platform | narnolia.com |
Business activity
The main business activity of Narnolia Commerze is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Narnolia Commerze Limited, buy the company report.
Financials of Narnolia Commerze Limited
FY 2025 filings availableNarnolia Commerze Limited reported revenue of ₹90.99 Lakh (up 22% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 22% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 11%. EBITDA rose 51% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹90.99 Lakh | ||||
| Cost of Materials Consumed | |||||
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| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹19.07 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.73 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21% | ||||
| Net Profit Margin | 17.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Narnolia Commerze Limited, buy the company report.
Board of directors of Narnolia Commerze Limited
Narnolia Commerze has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Harlalka Also directs: Narnolia Financial Services Limited, Rupee Dynamics Asset Management LLP, DH Management Consultants LLP and 2 more | Director | 01 Dec 2017 | 8 Years 11 Months | Current |
| Krishnanand Narnolia Also directs: Active Alpha LLP, Narnolia Financial Services Limited, Narnolia Capital Advisors Private Limited and 5 more | Director | 08 Oct 2018 | 8 Years 1 Months | Current |
| Shailendra Kumar Also directs: Active Alpha LLP, Narnolia Financial Services Limited, Narnolia Capital Advisors Private Limited and 4 more | Director | 08 Oct 2018 | 8 Years 1 Months | Current |
Auditor
Narnolia Commerze Limited is audited by S K AGRAWAL & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S K AGRAWAL & CO | FY 2019 | 306033E |
Shareholding
The shareholding of Narnolia Commerze Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Narnolia Commerze Limited, buy the company report.
Legal cases
No court or tribunal cases involving Narnolia Commerze Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Narnolia Commerze Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Narnolia Commerze has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCM2612B1Z1 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Narnolia Commerze Limited, buy the company report.
Recent activity
Narnolia Commerze Limited has 15 board changes on record since 2008: 3 appointments and 12 cessations. The latest: Sushil Kumar Khowala ceased to be Director on 17 Jan 2022.
6 earlier events are in the company report.
News
Frequently asked questions
Narnolia Commerze is an active public limited company based in Kolkata, West Bengal, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 07 December 1994 (32+ years old) and is registered under CIN U74140WB1994PLC066386.
Narnolia Commerze has 3 current directors:
- Pankaj Harlalka - Director
- Krishnanand Narnolia - Director
- Shailendra Kumar - Director
The latest financial statements of Narnolia Commerze on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Narnolia Commerze is 19AACCM2612B1Z1, registered in West Bengal. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Narnolia Commerze is U74140WB1994PLC066386. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Narnolia Commerze was incorporated on 07 December 1994, making it 32+ years old. It is registered with the Registrar of Companies, Kolkata.
Sushil Kumar Khowala ceased to be Director on 17 Jan 2022. Keval Meghji Bhanushali ceased to be Director on 31 Mar 2021. Krishnanand Narnolia ceased to be Additional Director on 27 Sep 2019. Narnolia Commerze has 15 board changes on record in total.
Narnolia Commerze can be reached through the website narnolia.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Narnolia Commerze is at 201 2nd Floor Marble Arch 236B A.J.C. Bose Road, Kolkata, West Bengal, India – 700020.
Narnolia Commerze operates in the financial services industry, in the brokerage and trading services segment.
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