About NCP Commercials Private Limited
Data last updated:
NCP Commercials Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Shubh Holdings Pte Limited. It operates in the real estate financing segment of the financial services sector. It was incorporated on 09 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH2018PTC306223. Its GSTIN is 27AAHCB6963H1ZC (Maharashtra).
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹41.09 Cr. It was formerly known as Bhayanderpada Splandorra Complex Private Limited. It is led by directors including Vishal Kumar and Aseem Kohli.
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹299.35 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹100.23 Cr (net margin 33.5%) and EBITDA of ₹274.76 Cr (EBITDA margin 91.8%). Revenue has grown at a compounded annual rate (CAGR) of 162% over three years and 109% over five years.
As per MCA filings, the company has open charges of ₹192.26 Cr and satisfied charges of ₹1,380.25 Cr on record. The company has 4 deals on record (4 secondary share transfers); the latest was in December 2019. Its 5 peer companies in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 3 larger and 2 smaller; the largest is Veeline Estates Pvt Ltd with revenue of ₹411.96 Cr. The company has 7 MSME Form 1 returns on record between 2021 and 2024, listing 366 overdue payments to 56 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varde.com.
Company details
CIN history
NCP Commercials has one previous CIN (Corporate Identification Number): U45209MH2018PTC306223. The current CIN is U70100MH2018PTC306223, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100MH2018PTC306223 | Current |
| U45209MH2018PTC306223 | Previous |
Contact details
NCP Commercials Private Limited's registered office is in Mumbai, Maharashtra. Its website is varde.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGround Floor Lodha Commercial Tower Wadala Truck Terminal Road New Cuff Par, Ade, Mumbai, Maharashtra, India – 400037
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of NCP Commercials 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 NCP Commercials 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 NCP Commercials Private Limited, buy the company report.
Financials of NCP Commercials Private Limited
FY 2025 filings availableNCP Commercials Private Limited reported revenue of ₹299.35 Cr (up 993% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 109% over five years, including 993% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹274.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹100.23 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 91.8% | ||||
| Net Profit Margin | 33.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of NCP Commercials Private Limited, buy the company report.
Board of directors of NCP Commercials Private Limited
NCP Commercials has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Kumar | Director | 24 Dec 2019 | 6 Years 10 Months | Current |
| Aseem Kohli | Director | 14 Jul 2021 | 5 Years 3 Months | Current |
| Aditya Dipakkumar Doshi | Director | 06 Aug 2024 | 2 Years 3 Months | Current |
| Ashish Kantilal Sanghvi | Additional Director | 24 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
NCP Commercials Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Real Estate Leasing), 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 |
|---|---|---|---|---|---|---|
| Veeline Estates Pvt Ltd | ₹411.96 Cr (FY 2025) | 15.0% | Kolkata, West Bengal, India | |||
| Ibc Knowledge Park Private Limited | ₹361.15 Cr (FY 2025) | 11.0% | Bangalore, Karnataka, India | |||
| Efc Limited | ₹354.62 Cr (FY 2025) | 52.0% | Pune, Maharashtra, India | |||
| NCP Commercials Private Limitedthis company | ₹299.35 Cr (FY 2025) | ₹100.23 Cr | 33.5% | 993.0% | Mumbai, Maharashtra, India | |
| Sakuma Infrastructure and Realty Private Limited | ₹276.85 Cr (FY 2024) | 127.0% | Mumbai, Maharashtra, India | |||
| Monica Enterprises Private Limited | ₹269.16 Cr (FY 2024) | 25.0% | Delhi, India |
To see the full peer comparison of NCP Commercials Private Limited, buy the company report.
Auditor
NCP Commercials Private Limited is audited by N. A. Shah Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. A. Shah Associates LLP | FY 2023 | 116560W / W100149 |
Shareholding
The shareholding of NCP Commercials 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 NCP Commercials Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jun 2025 | 101124942 | Others | ₹192.26 Cr | Open | |
| 24 Jul 2023 | 100753079 | Others | ₹5 Lakh | Satisfied | |
| 08 Dec 2022 | 100655457 | Others | ₹5 Lakh | Satisfied | |
| 10 Oct 2022 | 100616449 | Others | ₹5 Lakh | Satisfied | |
| 22 Jul 2022 | 100633222 | Others | ₹5 Lakh | Satisfied |
To see the full charge records of NCP Commercials Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
NCP Commercials Private Limited has 4 deals on record (4 secondary share transfers); the latest was in December 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: Varde Holdings Pte Ltd Seller: Macrotech Developers Limited & Palava City Management Private Limited |
| Oct 2019 | Secondary share transfer | Undisclosed | Buyer: Shubh Holdings Pte. Ltd. Seller: Sambhavnath Infrabuild and Farms Private Limited , Sambhavnath Trust |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Shubh Holdings Pte. Ltd. Seller: Lodha Developers Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Macrotech Developers Limited & Palava City Management Private Limited, Lodha Developers Limited Seller: Lodha Builders Private Limited , Lodha Builders Private Limited & Lodha Construction Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving NCP Commercials Private 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
NCP Commercials Private Limited has 7 MSME Form 1 returns on record between 2021 and 2024, listing 366 overdue payments to 56 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 56)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Advantedge Technologies Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Sasha Integrated Services Private Limited | |||
| an individual supplier |
To see the full MSME payment records of NCP Commercials Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
NCP Commercials Private Limited has 1 active EPFO establishment as of Apr 01, 2024.
GST
NCP Commercials has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCB6963H1ZC | Maharashtra | Active | 13 Dec 2019 |
To see the full GST registrations and return filing status of NCP Commercials Private Limited, buy the company report.
Recent activity
NCP Commercials Private Limited has 14 board changes on record since 2019: 4 appointments and 10 cessations. The latest: Ashish Kantilal Sanghvi was appointed as Additional Director on 24 Sep 2025.
26 earlier events are in the company report.
Frequently asked questions
NCP Commercials is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 09 March 2018 (8+ years old) and is registered under CIN U70100MH2018PTC306223.
NCP Commercials has 4 current directors:
- Vishal Kumar - Director
- Aseem Kohli - Director
- Aditya Dipakkumar Doshi - Director
- Ashish Kantilal Sanghvi - Additional Director
The latest financial statements of NCP Commercials on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of NCP Commercials is 27AAHCB6963H1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of NCP Commercials is U70100MH2018PTC306223. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
NCP Commercials was incorporated on 09 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
NCP Commercials has 4 deals on record (4 secondary share transfers); the latest was in December 2019.
The peers of NCP Commercials by revenue are Veeline Estates Pvt Ltd, Ibc Knowledge Park Private Limited, Efc Limited, Sakuma Infrastructure and Realty Private Limited, Monica Enterprises Private Limited, all in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Ashish Kantilal Sanghvi was appointed as Additional Director on 24 Sep 2025. Aditya Dipakkumar Doshi ceased to be Additional Director on 22 Sep 2024. Aditya Dipakkumar Doshi was appointed as Director on 06 Aug 2024. NCP Commercials has 14 board changes on record in total.
NCP Commercials has 7 MSME Form 1 returns on record between 2021 and 2024, listing 366 overdue payments to 56 micro and small suppliers. The latest return was filed on 29 Apr 2024.
NCP Commercials can be reached through the website varde.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of NCP Commercials is at Ground Floor Lodha Commercial Tower Wadala Truck Terminal Road New Cuff Par, Ade, Mumbai, Maharashtra, India – 400037.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
