Pinnacle Mercantile Private Limited
About Pinnacle Mercantile Private Limited
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Pinnacle Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 13 May 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51311MH1991PTC061885. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹24 Lakh and a paid-up capital of ₹19 Lakh. It is led by directors Madhusudan Shobhachand Taparia and Nitesh Shobhachand Mundra.
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 73 Cavel Crosss Lane No – 2 Shiv Prasad Bldg 1st Flr Bombay 2, Mumbai, Maharashtra, India.
As per the financials filed for FY 2022, the company reported a revenue of ₹16.13 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹6.2 Lakh (net margin -38.4%) and EBITDA of ₹6.89 Lakh (EBITDA margin 42.7%). Revenue has grown at a compounded annual rate (CAGR) of 104% over three years.
As per MCA filings, the company has open charges of ₹2.86 Cr and satisfied charges of ₹3.95 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Pinnacle Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address73 Cavel Crosss Lane No – 2 Shiv Prasad Bldg 1st Flr Bombay 2, Mumbai, Maharashtra, India
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Pinnacle Mercantile 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
Financials of Pinnacle Mercantile Private Limited
FY 2024 filings availablePinnacle Mercantile Private Limited reported revenue of ₹16.13 Lakh (up 175% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 104% over three years, including 175% growth in the latest year. EBITDA fell 66% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹16.13 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.89 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.2 Lakh | ||||
| 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 42.7% | ||||
| Net Profit Margin | -38.4% | ||||
| 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 Pinnacle Mercantile Private Limited, buy the company report.
Board of directors of Pinnacle Mercantile Private Limited
Pinnacle Mercantile has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhusudan Shobhachand Taparia Also directs: Shree Subh-Laxmi Fabrics Private Limited, MHFS Infracon Private Limited, Welhome Estates Pvt Ltd and 1 more | Director | 01 Jul 2011 | 15 Years 4 Months | Current |
| Nitesh Shobhachand Mundra | Director | 23 Jun 2017 | 9 Years 4 Months | Current |
Auditor
Pinnacle Mercantile Private Limited is audited by ARVIND S. JAIN & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARVIND S. JAIN & CO | FY 2022 | 0126311W |
Shareholding
The shareholding of Pinnacle Mercantile Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | 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 Pinnacle Mercantile Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Dec 2013 | 10470836 | Bank of India | ₹2.86 Cr | Open | |
| 16 Dec 2015 | 10612437 | Bank of India | ₹3.75 Cr | Satisfied | |
| 08 Oct 2001 | 90164173 | Central Bank Ofindia | ₹20 Lakh | Satisfied |
To see the full charge records of Pinnacle Mercantile Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Pinnacle Mercantile Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by M/S. Kalpataru Synthetics Pvt. Ltd. | Pending |
To see the full case history of Pinnacle Mercantile 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 Pinnacle Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pinnacle Mercantile has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Pinnacle Mercantile Private Limited, buy the company report.
Recent activity
Pinnacle Mercantile Private Limited has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Nitesh Shobhachand Mundra was appointed as Director on 23 Jun 2017.
1 earlier event is in the company report.
Frequently asked questions
Pinnacle Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 13 May 1991 (35+ years old) and is registered under CIN U51311MH1991PTC061885.
Pinnacle Mercantile has 2 current directors:
- Madhusudan Shobhachand Taparia - Director
- Nitesh Shobhachand Mundra - Director
The latest financial statements of Pinnacle Mercantile 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.
No. Pinnacle Mercantile has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Pinnacle Mercantile is U51311MH1991PTC061885. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pinnacle Mercantile has 1 court case on record: 1 filed against it. 1 is pending.
Pinnacle Mercantile was incorporated on 13 May 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Nitesh Shobhachand Mundra was appointed as Director on 23 Jun 2017. Parmeshwar Taparia ceased to be Director on 23 Jun 2017. Purushottam Shobhachand Taparia ceased to be Director on 23 Jun 2017. Pinnacle Mercantile has 4 board changes on record in total.
The registered office of Pinnacle Mercantile is at 73 Cavel Crosss Lane No – 2 Shiv Prasad Bldg 1st Flr Bombay 2, Mumbai, Maharashtra, India.
Pinnacle Mercantile operates in the real estate and construction industry, in the real estate builders and developers segment.
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