India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,608 Harendra Shah & Family ₹1,200 Cr
Nirshilp Commodities and Trading Private Limited
Nirshilp Commodities and Trading Private Limited - financial services in Gandhinagar, Gujarat, India. FY 2026 financials & compliance.
Active Private Limited Company financial services
Revenue · FY 2025
₹155.28 Cr
▼ 11% YoY
Net profit · FY 2025
₹51.48 Cr
Net margin 33.2%
EBITDA · FY 2025
₹83.96 Cr
EBITDA margin 54.1%
Authorised capital
₹160.44 Cr
Registered with MCA
Paid-up capital
₹3.55 Cr
Issued & subscribed
Open charges
₹540.89 Cr
Satisfied ₹275 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
29
Provident fund records
About Nirshilp Commodities and Trading Private Limited
Data last updated:
Nirshilp Commodities and Trading Private Limited is a private limited company based in Gandhinagar, Gujarat, India, a subsidiary of Citadelle Agencies Private Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 08 February 2002 and has been in existence for over 24 years.
Its director Harendra Shah and Family is #1,608 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ2002PTC116297. Its GSTIN is 24AABCV8124A1ZT (Gujarat). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹160.44 Cr and a paid-up capital of ₹3.55 Cr. It was formerly known as Nirshilp Securities Private Limited. It is led by directors including Shilpa Rajendra Shah (Whole-Time Director) and Nirupama Pankaj Shah (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 2024. The registered office is at 1403 – 1404 Dalal Street Commercial Co – Op Soc Ltd Block 53 (Bldg No.53E) Zone – 5 Road – 5E Gift City Gandhinagar, Gujarat, India – 382050.
As per the financials filed for FY 2025, the company reported a revenue of ₹155.28 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹51.48 Cr (net margin 33.2%) and EBITDA of ₹83.96 Cr (EBITDA margin 54.1%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 15% over five years.
The company has about 29 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹540.89 Cr and satisfied charges of ₹275 Cr on record. Court records list 7 cases involving the company, including 2 filed by the company and 5 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U67120GJ2002PTC116297
Registration Number 116297
Incorporation Date 08 February 2002
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Parent Company Citadelle Agencies Private Limited
Compliance Status Active Compliant
CIN history
Nirshilp Commodities and Trading has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U67120GJ2002PTC116297, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120GJ2002PTC116297 | Current |
| U67120MH2002PTC236088 | Previous |
| U67120TN2002PTC061359 | Previous |
| U67120DD2002PTC004739 | Previous |
Key People
Shilpa Rajendra Shah Whole-Time Director Nirupama Pankaj Shah Whole-Time Director Shailesh Dolatrai Shah Director Recognitions & Rankings of Nirshilp Commodities and Trading
Contact details
Nirshilp Commodities and Trading Private Limited's registered office is in Gandhinagar, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1403 – 1404 Dalal Street Commercial Co – Op Soc Ltd Block 53 (Bldg No.53E) Zone – 5 Road – 5E Gift City Gandhinagar, Gujarat, India – 382050
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Nirshilp Commodities and Trading Private Limited, buy the company report.
Comprehensive company report
Nirshilp Commodities and Trading Private 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
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Business activity
The main business activity of Nirshilp Commodities and Trading 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 Nirshilp Commodities and Trading Private Limited, buy the company report.
Financials of Nirshilp Commodities and Trading Private Limited
FY 2024 filings availableNirshilp Commodities and Trading Private Limited reported revenue of ₹155.28 Cr (down 11% YoY) for FY 2025.
Revenue · FY 2025
₹155.28 Cr ▼ 11%
Net profit · FY 2025
₹51.48 Cr margin 33.2%
EBITDA · FY 2025
₹83.96 Cr margin 54.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▼ 5%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▼ 10%
3 years · compounded
▼ 9%
5 years · compounded
▲ 8%
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 10% 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 | ₹83.96 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹51.48 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 | 54.1% | ||||
| Net Profit Margin | 33.2% | ||||
| 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 Nirshilp Commodities and Trading Private Limited, buy the company report.
Board of directors of Nirshilp Commodities and Trading Private Limited
Nirshilp Commodities and Trading has 4 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shailesh Dolatrai Shah Also directs: Dolat Algotech Limited, L. C. Raheja Forex Private Limited, Dolat Finserv Private Limited and 3 more | Director | 28 Apr 2014 | 12 Years 6 Months | Current |
| Shilpa Rajendra Shah | Whole-Time Director | 08 Feb 2002 | 24 Years 9 Months | Current |
| Harendra Dolatrai Shah Also directs: Dolat Algotech Limited, L. C. Raheja Forex Private Limited, Dolat Finserv Private Limited and 5 more | Director | 28 Apr 2014 | 12 Years 6 Months | Current |
| Nirupama Pankaj Shah | Whole-Time Director | 08 Aug 2002 | 24 Years 3 Months | Current |
Auditor
Nirshilp Commodities and Trading Private Limited is audited by Vijay Mehta & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vijay Mehta & Co | FY 2023 | 111418W |
Shareholding
The shareholding of Nirshilp Commodities and Trading 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 Nirshilp Commodities and Trading Private Limited, buy the company report.
Charges & borrowings
Open charges
₹540.89 Cr
Satisfied charges
₹275 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Dec 2024 | 101036145 | Hdfc Bank Limited | ₹35 Cr | Open | |
| 07 Mar 2024 | 100918811 | Hdfc Bank Limited | ₹1.73 Cr | Open | |
| 01 Mar 2024 | 100873291 | Others | ₹15 Cr | Open | |
| 04 Aug 2023 | 100770241 | Axis Bank Limited | ₹76 Cr | Open | |
| 07 Jan 2023 | 100665671 | Others | ₹325 Cr | Open |
To see the full charge records of Nirshilp Commodities and Trading Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Nirshilp Commodities and Trading Private Limited has 7 court cases on record: 2 filed by Nirshilp Commodities and Trading, 5 filed against it. 3 cases are pending and 4 are disposed.
Total cases
7
Filed by the company
2
Filed against the company
5
Pending
3
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 5 | 2 |
| District courts | 2 | 0 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax Central 1 | Pending |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax Central 4 | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax Central 4 | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Nirshilp Commodities and Trading 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 Nirshilp Commodities and Trading Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nirshilp Commodities and Trading Private Limited has a workforce of 29 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
29
Active EPFO establishments
1
Employee growth
-3.3%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 29 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 |
To see the full employee and EPFO history of Nirshilp Commodities and Trading Private Limited, buy the company report.
GST
Nirshilp Commodities and Trading has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCV8124A1ZT | Gujarat | Active | 07 Sep 2022 |
| 24AABCN4361M1ZD | Gujarat | Active | 01 Oct 2022 |
| 27AABCN4361M1Z7 | Maharashtra | Active | 01 Jul 2017 |
| 27AABCV8124A1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nirshilp Commodities and Trading Private Limited, buy the company report.
Recent activity
Nirshilp Commodities and Trading Private Limited has 20 board changes on record since 2002: 4 appointments and 16 cessations. The latest: Harendra Dolatrai Shah ceased to be Director on 07 Dec 2017.
AGM
Nirshilp Commodities And Trading Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 75.00 Cr registered on 16 Sep 2022 with Charge ID 100616282 was modified on 30 Dec 2024.
Charges
A charge with Axis Bank Limited of Rs. 76.00 Cr registered on 04 Aug 2023 with Charge ID 100770241 was modified on 24 Dec 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 35.00 Cr with Charge ID 101036145 was registered on 20 Dec 2024.
Charges
A charge with Others of Rs. 325.00 Cr registered on 07 Jan 2023 with Charge ID 100665671 was modified on 22 Oct 2024.
Filing
Nirshilp Commodities And Trading Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.73 Cr with Charge ID 100918811 was registered on 07 Mar 2024.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100873291 was registered on 01 Mar 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 76.00 Cr with Charge ID 100770241 was registered on 04 Aug 2023.
Charges
A charge with Others amounted to Rs. 325.00 Cr with Charge ID 100665671 was registered on 07 Jan 2023.
Charges
A charge registered on 11 Oct 2019 via Charge ID 100301512 with Others was fully satisfied on 21 Oct 2022.
Charges
A charge registered on 12 Oct 2021 via Charge ID 100493060 with Others was fully satisfied on 26 Sep 2022.
28 earlier events are in the company report.
Frequently asked questions
Nirshilp Commodities and Trading is an active private limited company based in Gandhinagar, Gujarat, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 08 February 2002 (24+ years old) and is registered under CIN U67120GJ2002PTC116297.
Nirshilp Commodities and Trading has 4 current directors:
- Shilpa Rajendra Shah - Whole-Time Director
- Nirupama Pankaj Shah - Whole-Time Director
- Shailesh Dolatrai Shah - Director
- Harendra Dolatrai Shah - Director
The latest financial statements of Nirshilp Commodities and Trading on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nirshilp Commodities and Trading is 24AABCV8124A1ZT, registered in Gujarat. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 24AABCN4361M1ZD (Gujarat), 27AABCN4361M1Z7 (Maharashtra), 27AABCV8124A1ZN (Maharashtra).
The CIN (Corporate Identification Number) of Nirshilp Commodities and Trading is U67120GJ2002PTC116297. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirshilp Commodities and Trading has 7 court cases on record: 2 filed by the company and 5 filed against it. 3 are pending. Most are in the high courts.
Nirshilp Commodities and Trading was incorporated on 08 February 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Harendra Dolatrai Shah ceased to be Director on 07 Dec 2017. Vaibhav Pankaj Shah ceased to be Director on 30 Nov 2017. Amishi Harendra Shah ceased to be Whole-Time Director on 17 Nov 2017. Nirshilp Commodities and Trading has 20 board changes on record in total.
The registered office of Nirshilp Commodities and Trading is at 1403 – 1404 Dalal Street Commercial Co – Op Soc Ltd Block 53 Bldg No.53E Zone – 5 Road – 5E Gift City Gandhinagar, Gujarat, India – 382050.
Nirshilp Commodities and Trading operates in the financial services industry, in the brokerage and trading services segment.
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