About Sargam Retails Private Limited
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Sargam Retails Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 05 April 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U52110PN2007PTC129928. Its GSTIN is 24AAKCS7336N1ZS (Gujarat). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹52.5 Lakh. It is led by directors including Prashant Shashikant Runwal and Girish Madhav Malpani.
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 Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹125.18 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net profit of ₹52.98 Cr (net margin 42.3%) and EBITDA of ₹67.63 Cr (EBITDA margin 54%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 5% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹123 Cr and satisfied charges of ₹410 Cr on record. Court records list 431 cases involving the company, including 354 filed by the company and 77 filed against it; 109 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.6 Cr; the latest was in February 2023. Its 3 peer companies in the BFSI industry (Broking Services, Wind Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 1 larger and 2 smaller; the largest is Tanot Wind Power Ventures Private Limited with revenue of ₹126.16 Cr. The company has 6 MSME Form 1 returns on record between 2022 and 2023, listing 124 overdue payments to 47 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website malpaniestates.com.
Company details
Contact details
Sargam Retails Private Limited's registered office is in Pune, Maharashtra. Its website is malpaniestates.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBdlg No.A Second Floor 1 Modibaug Commercial Office No 6/B Ganesh Khind Road Shivaj, Inagar, Pune, Maharashtra, India – 411016
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Sargam Retails 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 activities of Sargam Retails are electricity, gas, steam and air condition supply and trade. In detail, this covers electric power generation, transmission and distribution and retail trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Sargam Retails Private Limited, buy the company report.
Financials of Sargam Retails Private Limited
FY 2025 filings availableSargam Retails Private Limited reported revenue of ₹125.18 Cr (down 44% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 44% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 39% 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 | ₹67.63 Cr | ||||
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| Net Profit (PAT) | ₹52.98 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 54% | ||||
| Net Profit Margin | 42.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Sargam Retails Private Limited, buy the company report.
Board of directors of Sargam Retails Private Limited
Sargam Retails has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Shashikant Runwal | Director | 20 Feb 2023 | 3 Years 8 Months | Current |
| Girish Madhav Malpani | Director | 27 Aug 2024 | 2 Years 2 Months | Current |
| Jai Manish Malpani Also directs: Isfbp Culinary & Hospitality LLP, Malpani Treats Private Limited, M-Network Estate Private Limited and 5 more | Director | 20 Feb 2023 | 3 Years 8 Months | Current |
| Harshvardhan Rajesh Malpani Also directs: Isfbp Culinary & Hospitality LLP, Malpani Products Private Limited, Malpani Treats Private Limited and 5 more | Director | 11 Mar 2024 | 2 Years 7 Months | Current |
Peer comparison
Sargam Retails Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking Services, Wind Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tanot Wind Power Ventures Private Limited | ₹126.16 Cr (FY 2025) | -13.0% | Hyderabad, Telangana, India | |||
| Sargam Retails Private Limitedthis company | ₹125.18 Cr (FY 2025) | ₹52.98 Cr | 42.3% | -44.0% | 15 | Pune, Maharashtra, India |
| Kanak Renewables Limited | ₹124.9 Cr (FY 2025) | 2.0% | Delhi, India | |||
| Ecoren One Wind Energy Private Limited | ₹124.09 Cr (FY 2024) | -1.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Sargam Retails Private Limited, buy the company report.
Auditor
Sargam Retails Private Limited is audited by Sanjay S. Rathi & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sanjay S. Rathi & Co. | FY 2023 | 109182W |
Shareholding
The shareholding of Sargam Retails 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 Sargam Retails Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2025 | 101126716 | Others | ₹33 Cr | Open | |
| 15 Jun 2024 | 100945304 | Others | ₹90 Cr | Open | |
| 23 Mar 2016 | 100036368 | Others | ₹180 Cr | Satisfied | |
| 18 Feb 2016 | 100025430 | Others | ₹135 Cr | Satisfied | |
| 31 Dec 2008 | 10138514 | Others | ₹95 Cr | Satisfied |
To see the full charge records of Sargam Retails Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Sargam Retails Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.6 Cr; the latest was in February 2023.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2023 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Mar 2009 | Funding round | ₹1.35 Cr | Investors: Sanjay O Malpani HUF, Rajesh O Malpani HUF, 2 individuals |
| Apr 2007 | Funding round | ₹25 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sargam Retails Private Limited has 431 court cases on record: 354 filed by Sargam Retails, 77 filed against it. 109 cases are pending and 322 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 288 | 6 | 5 |
| High courts | 143 | 71 | 104 |
Cases on record (5 of 431)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Ahmednagar Municipal Corporation Through Its Commissioner | Pending |
| Bombay High Court | Writ petition | Filed against the company by Ahmednagar Municipal Corporation Through Its Commissioner | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Ahmednagar Municipal Corporation | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Ahmednagar Municipal Corporation Through Its Commissioner | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Ahmednagar Municipal Corporation THR Its Commissioner | Pending |
To see the full case history of Sargam Retails 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
Sargam Retails Private Limited has 6 MSME Form 1 returns on record between 2022 and 2023, listing 124 overdue payments to 47 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 47)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Sargam Retails Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sargam Retails Private Limited has a workforce of 15 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Sargam Retails has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCS7336N1ZS | Gujarat | Active | 01 Jul 2017 |
| 27AAKCS7336N1ZM | Maharashtra | Active | 01 Jul 2017 |
| 29AAKCS7336N1ZI | Karnataka | Active | 01 Jul 2017 |
| 08AAKCS7336N1ZM | Rajasthan | Active | 24 Feb 2025 |
To see the full GST registrations and return filing status of Sargam Retails Private Limited, buy the company report.
Recent activity
Sargam Retails Private Limited has 18 board changes on record since 2007: 4 appointments and 14 cessations. The latest: Girish Madhav Malpani was appointed as Director on 27 Aug 2024.
19 earlier events are in the company report.
Frequently asked questions
Sargam Retails is an active private limited company based in Pune, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 05 April 2007 (19+ years old) and is registered under CIN U52110PN2007PTC129928.
Sargam Retails has 4 current directors:
- Prashant Shashikant Runwal - Director
- Girish Madhav Malpani - Director
- Jai Manish Malpani - Director
- Harshvardhan Rajesh Malpani - Director
The latest financial statements of Sargam Retails 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 Sargam Retails is 24AAKCS7336N1ZS, registered in Gujarat. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAKCS7336N1ZM (Maharashtra), 29AAKCS7336N1ZI (Karnataka), 08AAKCS7336N1ZM (Rajasthan).
The CIN (Corporate Identification Number) of Sargam Retails is U52110PN2007PTC129928. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sargam Retails has 431 court cases on record: 354 filed by the company and 77 filed against it. 109 are pending. Most are in the district courts.
Sargam Retails was incorporated on 05 April 2007, making it 19+ years old. It is registered with the Registrar of Companies, Pune.
Sargam Retails has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.6 Cr; the latest was in February 2023.
The peers of Sargam Retails by revenue are Tanot Wind Power Ventures Private Limited, Kanak Renewables Limited, Ecoren One Wind Energy Private Limited, all in the BFSI industry (Broking Services, Wind Power), with the same principal business activity (electric power generation, transmission and distribution).
Girish Madhav Malpani was appointed as Director on 27 Aug 2024. Harshvardhan Rajesh Malpani was appointed as Director on 11 Mar 2024. Jai Manish Malpani ceased to be Additional Director on 29 Sep 2023. Sargam Retails has 18 board changes on record in total.
Sargam Retails has 6 MSME Form 1 returns on record between 2022 and 2023, listing 124 overdue payments to 47 micro and small suppliers. The latest return was filed on 26 Aug 2023.
Sargam Retails can be reached through the website malpaniestates.com. Its registered office is in Pune, Maharashtra, India.
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