About Pinnacle Wealth Management Private Limited
Data last updated:
Pinnacle Wealth Management Private Limited was a private limited company based in Navi Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the financial solutions segment of the finance and insurance sector. It was incorporated on 14 November 2010.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2010PTC210038. Its GSTIN is 27AAFCP7306Q1ZU (Maharashtra).
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors Nina Kotian Nandish and Nandishkumar Laxman Kotian.
Its last annual general meeting (AGM) was held on 09 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Office A – 139 Plot No.42A Sector – 11 Balaji Bhavan CBD Belapur, Navi Mumbai, Maharashtra, India – 400614.
As per the financials filed for FY 2021, the company reported a revenue of ₹7.45 Lakh, a decline of 22% compared to the previous year. For the same year it recorded a net loss of ₹8.66 Lakh (net margin -116.3%) and EBITDA of -₹7.97 Lakh (EBITDA margin -106.9%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 34% over five years.
The last known website on record is pinnaclewealth.co.
Company details
Contact details
Pinnacle Wealth Management Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is pinnaclewealth.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice A – 139 Plot No.42A Sector – 11 Balaji Bhavan CBD Belapur, Navi Mumbai, Maharashtra, India – 400614
- IndustryFinance and Insurance, Financial Solutions
To see the full contact details of Pinnacle Wealth Management 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
Business activity
The main business activity of Pinnacle Wealth Management is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Pinnacle Wealth Management Private Limited, buy the company report.
Financials of Pinnacle Wealth Management Private Limited
FY 2021 filings availablePinnacle Wealth Management Private Limited reported revenue of ₹7.45 Lakh (down 22% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 34% over five years, including a 22% fall in the latest year. EBITDA fell 319% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹7.45 Lakh | ||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹7.97 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.66 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -106.9% | ||||
| Net Profit Margin | -116.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Pinnacle Wealth Management Private Limited, buy the company report.
Board of directors of Pinnacle Wealth Management Private Limited
Pinnacle Wealth Management 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 |
|---|---|---|---|---|
| Nina Kotian Nandish | Director | 14 Nov 2010 | 15 Years 11 Months | As last reported |
| Nandishkumar Laxman Kotian | Director | 20 Feb 2019 | 7 Years 8 Months | As last reported |
Auditor
Pinnacle Wealth Management Private Limited is audited by ABHAY MANIYAR & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ABHAY MANIYAR & ASSOCIATES | FY 2019 | 125908W |
Shareholding
The shareholding of Pinnacle Wealth Management Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Pinnacle Wealth Management Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Pinnacle Wealth Management Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pinnacle Wealth Management Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pinnacle Wealth Management has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP7306Q1ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pinnacle Wealth Management Private Limited, buy the company report.
Recent activity
Pinnacle Wealth Management Private Limited has 4 board changes on record since 2010: 2 appointments and 2 cessations. The latest: Nandishkumar Laxman Kotian ceased to be Additional Director on 30 Sep 2019.
Frequently asked questions
Pinnacle Wealth Management has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Pinnacle Wealth Management was a private limited company based in Navi Mumbai, Maharashtra, India. The company worked in financial solutions, within the finance and insurance industry. It was incorporated on 14 November 2010 and is registered under CIN U74999MH2010PTC210038. The company has been struck off by the Registrar of Companies and is no longer operational.
Pinnacle Wealth Management had 2 directors:
- Nina Kotian Nandish - Director
- Nandishkumar Laxman Kotian - Director
The CIN (Corporate Identification Number) of Pinnacle Wealth Management is U74999MH2010PTC210038. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Pinnacle Wealth Management is at Office A – 139 Plot No.42A Sector – 11 Balaji Bhavan CBD Belapur, Navi Mumbai, Maharashtra, India – 400614.
Pinnacle Wealth Management was incorporated on 14 November 2010. It is registered with the Registrar of Companies, Mumbai.
Pinnacle Wealth Management can be reached through the website pinnaclewealth.co. Its registered office is in Navi Mumbai, Maharashtra, India.
The latest financial statements of Pinnacle Wealth Management on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 09 September 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Pinnacle Wealth Management is 27AAFCP7306Q1ZU, registered in Maharashtra.
Pinnacle Wealth Management operated in the finance and insurance industry, in the financial solutions segment. It worked in this industry before it was struck off.
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