About Pico Capital Private Limited
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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 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.
| CIN | Status |
|---|---|
| U65100MH1996PTC102346 | Current |
| U26933MH1996PTC102346 | Previous |
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 AddressBombay Cotton Mills Compounddattaramlad Kalachowky, Mumbai, Maharashtra, India – 400033
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Pico Capital 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
Brands
Pico Capital operates one associated brand: Pico Capital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| 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 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 Pico Capital Private Limited, buy the company report.
Financials of Pico Capital Private Limited
FY 2024 filings availablePico Capital Private Limited reported revenue of ₹30.01 Cr (up 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹21.68 Cr | ||||
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| Net Profit (PAT) | ₹12.25 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 72.2% | ||||
| Net Profit Margin | 40.8% | ||||
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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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shilpa Ajay Bhartiya Also directs: Maya Entertainment Studios Private Limited | Director | 04 Sep 1996 | 30 Years 1 Months | Current |
| Aarti Rahul Chhabria | Managing Director | 16 Mar 2020 | 6 Years 7 Months | Current |
| Ajay Girdharilal Bhartiya | Director | 04 Sep 1996 | 30 Years 1 Months | Current |
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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 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 Cr | 40.8% | 6.0% | 7 | Mumbai, 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 firm | Financial year | Firm registration number |
|---|---|---|
| Todarwal & Todarwal | FY 2020 | 111009W |
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 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 Pico Capital Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Apr 1994 | 90233995 | Bank of Maharashtra | ₹30 Lakh | Satisfied | |
| 12 Aug 1986 | 90233376 | Apna Sahkari Bank Ltd. | ₹2.48 Lakh | Satisfied |
To see the full charge records of Pico Capital Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Pico Capital Private Limited has 35 court cases on record: 32 filed by Pico Capital, 3 filed against it. 6 cases are pending and 29 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 2 | 3 |
| District courts | 11 | 0 | 3 |
| NCLAT | 5 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Swajay Finance Private Limited and 1 other | Pending |
| High Court | Court case (CARBP) | Filed by the company against Edelweiss Trustee Services Limited and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed by the company against Ms Indage Vintners Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against National Spot Exchange Limited | Disposed |
| NCLAT, NCLAT New Delhi | Company appeal | Filed by the company against National Spot Exchange Limited | Disposed |
To see the full case history of Pico Capital 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 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.
| Company Name | CIN | Shares held |
|---|---|---|
| Maya Entertainment Studios Private Limited | U92100MH2004PTC150019 |
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.
GST
Pico Capital has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCV4214H1ZI | Maharashtra | Active | 01 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.
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:
- Aarti Rahul Chhabria - Managing Director
- Shilpa Ajay Bhartiya - Director
- Ajay Girdharilal Bhartiya - Director
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.
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