Pragya Mercantile Private Limited
About Pragya Mercantile Private Limited
Data last updated:
Pragya Mercantile Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 13 August 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB2004PTC099447.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹8.37 Cr. It is led by directors including Harsh Maloo and Rishabh Dugar.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Suite No. 3A 3rd Floor 3A Auckland Place, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2024, the company reported a revenue of ₹112.59 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹95.71 Cr (net margin 85%) and EBITDA of ₹110.09 Cr (EBITDA margin 97.8%). Revenue has grown at a compounded annual rate (CAGR) of 158% over three years and 36% over five years.
Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Pragya Mercantile Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered AddressSuite No. 3A 3rd Floor 3A Auckland Place, Kolkata, West Bengal, India – 700017
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Pragya 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
Business activity
The main business activity of Pragya Mercantile 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 Pragya Mercantile Private Limited, buy the company report.
Financials of Pragya Mercantile Private Limited
FY 2025 filings availablePragya Mercantile Private Limited reported revenue of ₹112.59 Cr (up 504% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 36% over five years, including 504% growth in the latest year. EBITDA rose 537% 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 |
|---|---|---|---|---|---|
| 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 | ₹110.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹95.71 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 97.8% | ||||
| Net Profit Margin | 85% | ||||
| 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 Pragya Mercantile Private Limited, buy the company report.
Board of directors of Pragya Mercantile Private Limited
Pragya Mercantile has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harsh Maloo Also directs: Santosh Industries Ltd, Maryada Barter Pvt Ltd, Brabourne Holdings Private Limited and 1 more | Director | 19 Feb 2024 | 2 Years 8 Months | Current |
| Rishabh Dugar Also directs: X10xinfinity Advisors LLP, Century Nirman Private Limited, Swift Griha Private Limited and 5 more | Director | 13 Aug 2004 | 22 Years 2 Months | Current |
| Tulsi Kumar Dugar Also directs: Santosh Industries Ltd, BMD Securities Limited, Black Rock Bricks Private Limited and 5 more | Director | 13 Aug 2004 | 22 Years 2 Months | Current |
| Akshay Agarwal Also directs: Santosh Industries Ltd, Maryada Barter Pvt Ltd, Brabourne Holdings Private Limited and 2 more | Director | 19 Feb 2024 | 2 Years 8 Months | Current |
Peer comparison
Pragya Mercantile Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Upsurge Investment and Finance Limited | ₹113.67 Cr (FY 2025) | 96.0% | Mumbai, Maharashtra, India | |||
| Summit Securities Limited | ₹113.34 Cr (FY 2019) | -20.0% | Mumbai, Maharashtra, India | |||
| J & R Hutchison Ltd | ₹112.75 Cr (FY 2025) | -19.0% | Kolkata, West Bengal, India | |||
| Pragya Mercantile Private Limitedthis company | ₹112.59 Cr (FY 2024) | ₹95.71 Cr | 85% | 504.0% | Kolkata, West Bengal, India | |
| Monolisha Management Pvt.Ltd. | ₹111.38 Cr (FY 2025) | 48.0% | Kolkata, West Bengal, India | |||
| A K M Systems Private Limited | ₹111.08 Cr (FY 2022) | 500.0% | New Delhi, Delhi, India | |||
| Turner Morrison Ltd | ₹110.56 Cr (FY 2020) | -43.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Pragya Mercantile Private Limited, buy the company report.
Auditor
Pragya Mercantile Private Limited is audited by MAROTI & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAROTI & ASSOCIATES | FY 2021 | 322770E |
Shareholding
The shareholding of Pragya Mercantile Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Pragya Mercantile Private Limited, buy the company report.
Legal cases
Pragya Mercantile Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Court case (M A C C) | Filed against the company by an individual | Disposed |
To see the full case history of Pragya 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 Pragya Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Pragya Mercantile has 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Pragya Mercantile Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Pragya Mercantile Private Limited has 9 board changes on record since 2004: 4 appointments and 5 cessations. The latest: Akshay Agarwal ceased to be Additional Director on 29 Sep 2024.
Frequently asked questions
Pragya Mercantile is an active private limited company based in Kolkata, West Bengal, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 13 August 2004 (22+ years old) and is registered under CIN U51909WB2004PTC099447.
Pragya Mercantile has 4 current directors:
- Harsh Maloo - Director
- Rishabh Dugar - Director
- Tulsi Kumar Dugar - Director
- Akshay Agarwal - Director
The latest financial statements of Pragya Mercantile on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Pragya Mercantile is U51909WB2004PTC099447. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragya Mercantile has 1 court case on record: 1 filed against it.
Pragya Mercantile was incorporated on 13 August 2004, making it 22+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Pragya Mercantile by revenue are Upsurge Investment and Finance Limited, Summit Securities Limited, J & R Hutchison Ltd, Monolisha Management Pvt.Ltd, A K M Systems Private Limited and 1 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).
Akshay Agarwal ceased to be Additional Director on 29 Sep 2024. Harsh Maloo ceased to be Additional Director on 29 Sep 2024. Akshay Agarwal was appointed as Director on 19 Feb 2024. Pragya Mercantile has 9 board changes on record in total.
The registered office of Pragya Mercantile is at Suite No. 3A 3rd Floor 3A Auckland Place, Kolkata, West Bengal, India – 700017.
Pragya Mercantile operates in the financial services industry, in the investment and credit nbfc segment.
The compliance status of Pragya Mercantile is compliant as of 20 September 2026. The company is actively filing with the Registrar of Companies.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
