Probity Mercantile Private Limited
About Probity Mercantile Private Limited
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Probity Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 19 November 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51101MH2007PTC175992. Its GSTIN is 27AAECP4459M1ZV (Maharashtra).
The company has an authorised share capital of ₹3.71 Cr and a paid-up capital of ₹3.66 Cr. It is led by directors Siddharth Niraj Vora and Shaili Siddharth Vora.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹53 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹33.82 Lakh (net margin 63.8%) and EBITDA of ₹38.95 Lakh (EBITDA margin 73.5%). Revenue has grown at a compounded annual rate (CAGR) of 72% over three years and 51% over five years.
As per MCA filings, the company has open charges of ₹74.96 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Probity 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 Address3101 B Wing 31st Floor, Beaumonde A.M. Marg Prabhadevi, Mumbai, Maharashtra, India – 400025
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Probity 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 Probity Mercantile is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
Financials of Probity Mercantile Private Limited
FY 2025 filings availableProbity Mercantile Private Limited reported revenue of ₹53 Lakh (up 177% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 51% over five years, including 177% growth 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹38.95 Lakh | ||||
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| Net Profit (PAT) | ₹33.82 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 73.5% | ||||
| Net Profit Margin | 63.8% | ||||
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To see the full financial statements and ratios of Probity Mercantile Private Limited, buy the company report.
Board of directors of Probity Mercantile Private Limited
Probity Mercantile has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddharth Niraj Vora Also directs: Facile Engineering Private Limited, HNR Finance Private Limited, Prabhudas Lilladher Advisory Services Limited and 5 more | Director | 01 Jan 2012 | 14 Years 9 Months | Current |
| Shaili Siddharth Vora Also directs: Facile Engineering Private Limited, HNR Finance Private Limited, Sonata Securities Private Limited and 3 more | Director | 04 Nov 2022 | 3 Years 11 Months | Current |
Peer comparison
Probity Mercantile Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shell Sand Pvt Ltd | ₹53.1 Lakh (FY 2025) | 1.0% | Pune, Maharashtra, India | |||
| Ajna Urbanbuild Private Limited | ₹53.03 Lakh (FY 2025) | -13.0% | Kolkata, West Bengal, India | |||
| Probity Mercantile Private Limitedthis company | ₹53 Lakh (FY 2025) | ₹33.82 Lakh | 63.8% | 177.0% | Mumbai, Maharashtra, India | |
| Balaji Motors Private Limited | ₹52.97 Lakh (FY 2025) | 15.0% | New Delhi, Delhi, India | |||
| Solidus Investments Private Limited | ₹52.9 Lakh (FY 2025) | 4.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Probity Mercantile Private Limited, buy the company report.
Auditor
Probity Mercantile Private Limited is audited by A. B. MEHTA AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. B. MEHTA AND ASSOCIATES | FY 2023 | 132249W |
Shareholding
The shareholding of Probity Mercantile 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 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Probity Mercantile Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2020 | 100345578 | State Bank of India | ₹37.48 Cr | Open | |
| 30 Jun 2020 | 100345580 | State Bank of India | ₹37.48 Cr | Open |
To see the full charge records of Probity Mercantile Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Probity Mercantile 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 Probity Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Probity Mercantile has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECP4459M1ZV | Maharashtra | Active | 31 Oct 2019 |
To see the full GST registrations and return filing status of Probity Mercantile Private Limited, buy the company report.
Recent activity
Probity Mercantile Private Limited has 9 board changes on record since 2008: 2 appointments and 7 cessations. The latest: Shaili Siddharth Vora ceased to be Additional Director on 29 Sep 2023.
4 earlier events are in the company report.
Frequently asked questions
Probity Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 19 November 2007 (19+ years old) and is registered under CIN U51101MH2007PTC175992.
Probity Mercantile has 2 current directors:
- Siddharth Niraj Vora - Director
- Shaili Siddharth Vora - Director
The latest financial statements of Probity Mercantile on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Probity Mercantile is 27AAECP4459M1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Probity Mercantile is U51101MH2007PTC175992. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Probity Mercantile was incorporated on 19 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Probity Mercantile by revenue are Shell Sand Pvt Ltd, Ajna Urbanbuild Private Limited, Balaji Motors Private Limited, Solidus Investments Private Limited, all in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Shaili Siddharth Vora ceased to be Additional Director on 29 Sep 2023. Niraj Vora Jayantilal ceased to be Director on 04 Nov 2022. Shaili Siddharth Vora was appointed as Director on 04 Nov 2022. Probity Mercantile has 9 board changes on record in total.
The registered office of Probity Mercantile is at 3101 B Wing 31st Floor, Beaumonde A.M. Marg Prabhadevi, Mumbai, Maharashtra, India – 400025.
Probity Mercantile operates in the financial services industry, in the real estate financing segment.
Probity Mercantile has open charges of ₹74.96 Cr and no satisfied charges on record as per latest MCA filings.