About Pashmina Holdings Limited
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Pashmina Holdings Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Raymond Limited. It operates in the financial holding companies segment of the financial services sector. It was incorporated on 30 December 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1983PLC031734.
The company has an authorised share capital of ₹1.01 Cr and a paid-up capital of ₹74 Lakh. It is led by directors including Ram Krishna Bhatnagar and Arun Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at J.K.Bldg. N.Morarjee Marg Ballard Estate, Mumbai, Maharashtra, India – 400038.
As per the financials filed for FY 2025, the company reported a revenue of ₹34.42 Lakh, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹26.62 Lakh (net margin 77.3%) and EBITDA of ₹32.55 Lakh (EBITDA margin 94.6%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 7% over five years.
Court records list 31 cases involving the company, including 1 filed by the company and 30 filed against it; 6 cases are 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 raymond.in.
Company details
Contact details
Pashmina Holdings Limited's registered office is in Mumbai, Maharashtra. Its website is raymond.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressJ.K.Bldg. N.Morarjee Marg Ballard Estate, Mumbai, Maharashtra, India – 400038
- IndustryFinancial Services, Financial Holding Companies
To see the full contact details of Pashmina Holdings 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
Financials of Pashmina Holdings Limited
FY 2025 filings availablePashmina Holdings Limited reported revenue of ₹34.42 Lakh (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 5% 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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| Total Expenses | |||||
| EBITDA | ₹32.55 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹26.62 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 94.6% | ||||
| Net Profit Margin | 77.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Pashmina Holdings Limited, buy the company report.
Board of directors of Pashmina Holdings Limited
Pashmina Holdings has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ram Krishna Bhatnagar | Director | 04 Mar 2024 | 2 Years 7 Months | Current |
| Arun Agarwal Also directs: Sai Bizserve Advisory LLP, JK Files & Engineering Limited, Scissors Engineering Products Limited and 5 more | Director | 03 Apr 2017 | 9 Years 6 Months | Current |
| Shantilal Pokharna Also directs: Sai Bizserve Advisory LLP, Polar Investments Limited, J.K. Investo Trade (India) Limited and 5 more | Director | 19 Jun 2013 | 13 Years 4 Months | Current |
Peer comparison
Pashmina Holdings Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Holding Company), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shreepati Holdings and Finance Private Limited | ₹37.8 Lakh (FY 2025) | 24.0% | Mumbai, Maharashtra, India | |||
| I. Kay Holding Company Pvt. Ltd. | ₹35.47 Lakh (FY 2024) | 680.0% | New Delhi, Delhi, India | |||
| H.A.Holdings Private Limited | ₹35.19 Lakh (FY 2025) | -21.0% | Kolkata, West Bengal, India | |||
| Excellion Capital Ventures Private Limited | ₹35.1 Lakh (FY 2025) | 13.0% | Delhi, India | |||
| Goodhope Holding Company Private Limited | ₹34.66 Lakh (FY 2024) | 83.0% | Mumbai, Maharashtra, India | |||
| Pashmina Holdings Limitedthis company | ₹34.42 Lakh (FY 2025) | ₹26.62 Lakh | 77.3% | 8.0% | Mumbai, Maharashtra, India | |
| Access Holding Ventures India Private Limited | ₹33.98 Lakh (FY 2025) | -35.0% | New Delhi, Delhi, India | |||
| Wisteria Holdings & Investments Private Limited | ₹33.9 Lakh (FY 2025) | -51.0% | Delhi, India | |||
| Igs Holdings Pvt Ltd | ₹33.48 Lakh (FY 2024) | 353.0% | New Delhi, Delhi, India | |||
| Natwar Enterprises Private Limited | ₹32.36 Lakh (FY 2025) | -2.0% | Bhilwara, Rajasthan, India | |||
| Synergy Group Holdings Private Limited | ₹31.34 Lakh (FY 2025) | 954.0% | Durgapur, West Bengal, India |
To see the full peer comparison of Pashmina Holdings Limited, buy the company report.
Auditor
Pashmina Holdings Limited is audited by MGM and Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MGM and Company | FY 2023 | 0117963W |
Shareholding
The shareholding of Pashmina Holdings 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 Pashmina Holdings Limited, buy the company report.
Legal cases
Pashmina Holdings Limited has 31 court cases on record: 1 filed by Pashmina Holdings, 30 filed against it. 6 cases are pending and 25 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 31 | 30 | 6 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Arbitration matter | Filed against the company by Raymond Limited | Pending |
| Bombay High Court | Arbitration matter | Filed against the company by Raymond Limited | Disposed |
| High Court | Court case (CARBP) | Filed against the company by individuals | Pending |
| High Court | Court case (CARBP) | Filed against the company by an individual | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by Akshaypat Singhania Rashmikant and Partners | Disposed |
To see the full case history of Pashmina Holdings 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 Pashmina Holdings Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Pashmina Holdings Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Pashmina Holdings Limited has 13 board changes on record since 2008: 3 appointments and 10 cessations. The latest: Ram Krishna Bhatnagar ceased to be Additional Director on 29 Sep 2024.
4 earlier events are in the company report.
News
Frequently asked questions
Pashmina Holdings is an active public limited company based in Mumbai, Maharashtra, India. The company works in financial holding companies, within the financial services industry. It was incorporated on 30 December 1983 (43+ years old) and is registered under CIN U67120MH1983PLC031734.
Pashmina Holdings has 3 current directors:
- Ram Krishna Bhatnagar - Director
- Arun Agarwal - Director
- Shantilal Pokharna - Director
The latest financial statements of Pashmina Holdings on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Pashmina Holdings is U67120MH1983PLC031734. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pashmina Holdings has 31 court cases on record: 1 filed by the company and 30 filed against it. 6 are pending.
Pashmina Holdings was incorporated on 30 December 1983, making it 43+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Pashmina Holdings by revenue are Shreepati Holdings and Finance Private Limited, I. Kay Holding Company Pvt. Ltd, H.A.Holdings Private Limited, Excellion Capital Ventures Private Limited, Goodhope Holding Company Private Limited and 5 more, all in the BFSI industry (Holding Company).
Ram Krishna Bhatnagar ceased to be Additional Director on 29 Sep 2024. Ram Krishna Bhatnagar was appointed as Director on 04 Mar 2024. Arun Agarwal ceased to be Additional Director on 02 Jun 2017. Pashmina Holdings has 13 board changes on record in total.
Pashmina Holdings can be reached through the website raymond.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Pashmina Holdings is at J.K.Bldg. N.Morarjee Marg Ballard Estate, Mumbai, Maharashtra, India – 400038.
Pashmina Holdings operates in the financial services industry, in the financial holding companies segment.
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