Pico Capital Private Limited

Pico Capital Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U65100MH1996PTC102346 Incorporated 04 September 1996 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company financial services
Data last updated
Revenue · FY 2024
₹30.01 Cr
▲ 6% YoY
Net profit · FY 2024
₹12.25 Cr
Net margin 40.8%
EBITDA · FY 2024
₹21.68 Cr
EBITDA margin 72.2%
Authorised capital
₹2.3 Cr
Registered with MCA
Paid-up capital
₹1.27 Cr
Issued & subscribed
Satisfied charges
₹32.48 Lakh
No open charges
Company age
30 yrs
Est. 1996
Employees · EPFO
7
Provident fund records

About Pico Capital Private Limited

Data last updated:

Pico Capital Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 04 September 1996 and has been in existence for over 30 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65100MH1996PTC102346. Its GSTIN is 27AABCV4214H1ZI (Maharashtra).

The company has an authorised share capital of ₹2.3 Cr and a paid-up capital of ₹1.27 Cr. It was formerly known as Veer Mercantile Private Limited. It is led by directors including Aarti Rahul Chhabria (Managing Director) and Shilpa Ajay Bhartiya.

Its last annual general meeting (AGM) was held on 18 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bombay Cotton Mills Compounddattaramlad Kalachowky, Mumbai, Maharashtra, India – 400033.

As per the financials filed for FY 2024, the company reported a revenue of ₹30.01 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹12.25 Cr (net margin 40.8%) and EBITDA of ₹21.68 Cr (EBITDA margin 72.2%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 1% over five years.

The company has about 7 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: Pico Capital. As per MCA filings, the company has satisfied charges of ₹32.48 Lakh on record. Court records list 35 cases involving the company, including 32 filed by the company and 3 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 picocap.in.

Company details

CIN U65100MH1996PTC102346
Registration Number 102346
Incorporation Date 04 September 1996
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 18 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant

CIN history

Pico Capital has one previous CIN (Corporate Identification Number): U26933MH1996PTC102346. The current CIN is U65100MH1996PTC102346, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U65100MH1996PTC102346Current
U26933MH1996PTC102346Previous

Contact details

Pico Capital Private Limited's registered office is in Mumbai, Maharashtra. Its website is picocap.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
  • Social Media
  • Registered Address
    Bombay Cotton Mills Compounddattaramlad Kalachowky, Mumbai, Maharashtra, India – 400033
  • Industry
    Financial Services, Investment & Credit NBFC, NBFC

To see the full contact details of Pico Capital Private Limited, buy the company report.

Comprehensive company report
Pico Capital 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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Brands

Pico Capital operates one associated brand: Pico Capital. Each brand links to its own profile.

BrandDescriptionWebsite
Investment management services across financial asset classes, including equity, real estate, and renewable energy.picocap.in

Business activity

The main business activity of Pico Capital is financial and insurance service. In detail, this covers other financial activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK8Other financial activities

To see the full business activity and turnover split of Pico Capital Private Limited, buy the company report.

Financials of Pico Capital Private Limited

FY 2024 filings available

Pico Capital Private Limited reported revenue of ₹30.01 Cr (up 6% YoY) for FY 2024.

Revenue · FY 2024
₹30.01 Cr ▲ 6%
Net profit · FY 2024
₹12.25 Cr margin 40.8%
EBITDA · FY 2024
₹21.68 Cr margin 72.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▼ 7%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 8%
3 years · compounded
▼ 13%
5 years · compounded
▲ 3%

Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 6% growth in the latest year. EBITDA rose 8% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹21.68 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹12.25 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin72.2%
Net Profit Margin40.8%
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 Pico Capital Private Limited, buy the company report.

Board of directors of Pico Capital Private Limited

Pico Capital has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Shilpa Ajay BhartiyaDirector04 Sep 199630 Years 1 MonthsCurrent
Aarti Rahul ChhabriaManaging Director16 Mar 20206 Years 7 MonthsCurrent
Ajay Girdharilal BhartiyaDirector04 Sep 199630 Years 1 MonthsCurrent

Peer comparison

Pico Capital Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Kalpataru Housefin & Trading Pvt Ltd₹30.19 Cr (FY 2025)80.0%Kolkata, West Bengal, India
Pratibha Holdings Pvt Ltd₹30.05 Cr (FY 2024)73.0%Kolkata, West Bengal, India
J.K. Credit and Finance Limited.₹30.03 Cr (FY 2025)4.0%Ballabgarh, Haryana, India
Pico Capital Private Limitedthis company₹30.01 Cr (FY 2024)₹12.25 Cr40.8%6.0%7Mumbai, Maharashtra, India
Sainik Finance & Industries Limited₹29.8 Cr (FY 2019)16.0%Punjabi Bagh, Delhi, India
Harita Srinivasan Private Limited₹29.78 Cr (FY 2025)870.0%Chennai, Tamil Nadu, India
Shruti Financial Services Private Limited₹29.73 Cr (FY 2022)216.0%Bangalore, Karnataka, India
Kotyark Distributors Pvt Ltd₹29.54 Cr (FY 2022)159.0%Kolkata, West Bengal, India

To see the full peer comparison of Pico Capital Private Limited, buy the company report.

Auditor

Pico Capital Private Limited is audited by Todarwal & Todarwal for the financial year 2020.

Auditor firmFinancial yearFirm registration number
Todarwal & TodarwalFY 2020111009W

Shareholding

The shareholding of Pico Capital 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Pico Capital Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹32.48 Lakh
Breakdown by lending institutions
Bank of Maharashtra₹0.30 Cr
Apna Sahkari Bank Ltd.₹0.02 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
25 Apr 199490233995Bank of Maharashtra₹30 LakhSatisfied
12 Aug 198690233376Apna Sahkari Bank Ltd.₹2.48 LakhSatisfied

To see the full charge records of Pico Capital Private Limited, buy the company report.

Total charge records: 2 View all charges

MSME payment delays

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

Group structure & subsidiaries

Pico Capital has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Maya Entertainment Studios Private LimitedU92100MH2004PTC150019

To see the full group structure of Pico Capital Private Limited, buy the company report.

Employees & EPFO

Pico Capital Private Limited has a workforce of 7 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
7
Active EPFO establishments
1
Employee growth
16.67%

GST

Pico Capital has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AABCV4214H1ZIMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Pico Capital Private Limited, buy the company report.

Recent activity

Pico Capital Private Limited has 8 board changes on record since 1996: 3 appointments and 5 cessations. The latest: Ajay Girdharilal Bhartiya ceased to be Director on 15 Aug 2025.

Ceased
Ajay Girdharilal Bhartiya ceased to be Director.
AGM
Pico Capital Private Limited last Annual general meeting of members was held on 18 Sep 2024 as per latest MCA records.
Filing
Pico Capital Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 25 Apr 1994 via Charge ID 90233995 with Bank Of Maharashtra was fully satisfied on 16 Nov 2023.
Charges
A charge registered on 12 Aug 1986 via Charge ID 90233376 with Apna Sahkari Bank Ltd. was fully satisfied on 14 Jul 2023.
Ceased
Aarti Rahul Chhabria ceased to be Additional Director.
Ceased
Veer Ajay Bhartiya ceased to be Director.
Appointed
Aarti Rahul Chhabria was appointed as Managing Director.
Ceased
Sushil Girdharilal Bhartiya ceased to be Director.
Ceased
Shivcharan Agarwal ceased to be Director.
Appointed
Ajay Girdharilal Bhartiya was appointed as Director.
Appointed
Shilpa Ajay Bhartiya was appointed as Director.

3 earlier events are in the company report.

Frequently asked questions

Pico Capital is an active private limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 04 September 1996 (30+ years old) and is registered under CIN U65100MH1996PTC102346.

Pico Capital has 3 current directors:

The latest financial statements of Pico Capital on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 18 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Pico Capital is 27AABCV4214H1ZI, registered in Maharashtra.

The CIN (Corporate Identification Number) of Pico Capital is U65100MH1996PTC102346. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Pico Capital has 35 court cases on record: 32 filed by the company and 3 filed against it. 6 are pending. Most are in the high courts.

Pico Capital was incorporated on 04 September 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.

The peers of Pico Capital by revenue are Kalpataru Housefin & Trading Pvt Ltd, Pratibha Holdings Pvt Ltd, J.K. Credit and Finance Limited, Sainik Finance & Industries Limited, Harita Srinivasan Private Limited and 2 more, all in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities).

Ajay Girdharilal Bhartiya ceased to be Director on 15 Aug 2025. Aarti Rahul Chhabria ceased to be Additional Director on 17 Oct 2020. Veer Ajay Bhartiya ceased to be Director on 22 Jun 2020. Pico Capital has 8 board changes on record in total.

Pico Capital can be reached through the website picocap.in. Its registered office is in Mumbai, Maharashtra, India.

The registered office of Pico Capital is at Bombay Cotton Mills Compounddattaramlad Kalachowky, Mumbai, Maharashtra, India – 400033.