Spectrum Merchants Pvt Ltd
About Spectrum Merchants Pvt Ltd
Data last updated:
Spectrum Merchants Pvt Ltd is a private limited company based in Jaipur, Rajasthan, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 13 March 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U51909RJ1993PTC045694.
The company has an authorised share capital of ₹1.9 Cr and a paid-up capital of ₹1.88 Cr. It is led by directors including Subhash Parwal and Mahesh Parwal.
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 C – 17 3rd Floor Lal Kothi Shopping Centre Tonk Phatak, Jaipur, Rajasthan, India – 302015.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.56 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.29 Cr (net margin 82.6%) and EBITDA of ₹1.46 Cr (EBITDA margin 93.6%). Revenue has grown at a compounded annual rate (CAGR) of 77% over three years and 59% over five years.
Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Spectrum Merchants has one previous CIN (Corporate Identification Number): U51909WB1993PTC058116. The current CIN is U51909RJ1993PTC045694, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909RJ1993PTC045694 | Current |
| U51909WB1993PTC058116 | Previous |
Contact details
Spectrum Merchants Pvt Ltd's registered office is in Jaipur, Rajasthan. Its e-mail address is in the company report.
- Email
- Registered AddressC – 17 3rd Floor Lal Kothi Shopping Centre Tonk Phatak, Jaipur, Rajasthan, India – 302015
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Spectrum Merchants Pvt Ltd, 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 Spectrum Merchants is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Spectrum Merchants Pvt Ltd, buy the company report.
Financials of Spectrum Merchants Pvt Ltd
FY 2025 filings availableSpectrum Merchants Pvt Ltd reported revenue of ₹1.56 Cr (up 1600% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 59% over five years. 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 |
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| EBITDA | ₹1.46 Cr | ||||
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| Net Profit (PAT) | ₹1.29 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 93.6% | ||||
| Net Profit Margin | 82.6% | ||||
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To see the full financial statements and ratios of Spectrum Merchants Pvt Ltd, buy the company report.
Board of directors of Spectrum Merchants Pvt Ltd
Spectrum Merchants has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhash Parwal Also directs: Maheshwari Tea Company Private Limited | Director | 01 Nov 2021 | 4 Years 11 Months | Current |
| Mahesh Parwal Also directs: Maheshwari Tea Company Private Limited | Director | 09 May 2009 | 17 Years 5 Months | Current |
| Gauri Shanker Parwal Also directs: Maheshwari Tea Company Private Limited | Director | 09 Mar 2013 | 13 Years 7 Months | Current |
| Ashok Parwal | Director | 09 Mar 2013 | 13 Years 7 Months | Current |
Auditor
Spectrum Merchants Pvt Ltd is audited by ASHOK CHOUDHARY & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHOK CHOUDHARY & CO | FY 2017 | 007948C |
Shareholding
The shareholding of Spectrum Merchants Pvt Ltd is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Spectrum Merchants Pvt Ltd, buy the company report.
Legal cases
Spectrum Merchants Pvt Ltd has 6 court cases on record: 4 filed by Spectrum Merchants, 2 filed against it. 3 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 1 |
| High courts | 3 | 2 | 2 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Civil miscellaneous application | Filed by the company against an individual | Pending |
| High Court | Writ petition | Filed against the company by individuals | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, Jaipur Metro II, Rajasthan | Civil suit | Filed by the company against an individual | Disposed |
| District court, Jaipur Metro I, Rajasthan | Civil suit | Filed by the company against individuals | Disposed |
To see the full case history of Spectrum Merchants Pvt Ltd, 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 Spectrum Merchants Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Spectrum Merchants Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Spectrum Merchants Pvt Ltd has 12 board changes on record since 2009: 4 appointments and 8 cessations. The latest: Subhash Parwal ceased to be Additional Director on 30 Sep 2022.
3 earlier events are in the company report.
Frequently asked questions
Spectrum Merchants is an active private limited company based in Jaipur, Rajasthan, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 13 March 1993 (33+ years old) and is registered under CIN U51909RJ1993PTC045694.
Spectrum Merchants has 4 current directors:
- Subhash Parwal - Director
- Mahesh Parwal - Director
- Gauri Shanker Parwal - Director
- Ashok Parwal - Director
The latest financial statements of Spectrum Merchants 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 CIN (Corporate Identification Number) of Spectrum Merchants is U51909RJ1993PTC045694. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spectrum Merchants has 6 court cases on record: 4 filed by the company and 2 filed against it. 3 are pending. Most are in the district courts.
Spectrum Merchants was incorporated on 13 March 1993, making it 33+ years old. It is registered with the Registrar of Companies, Jaipur.
Subhash Parwal ceased to be Additional Director on 30 Sep 2022. Subhash Parwal was appointed as Director on 01 Nov 2021. Mahesh Parwal ceased to be Additional Director on 30 Sep 2015. Spectrum Merchants has 12 board changes on record in total.
The registered office of Spectrum Merchants is at C – 17 3rd Floor Lal Kothi Shopping Centre Tonk Phatak, Jaipur, Rajasthan, India – 302015.
Spectrum Merchants operates in the financial services industry, in the investment and credit nbfc segment.
The compliance status of Spectrum Merchants is compliant as of 28 July 2026. The company is actively filing with the Registrar of Companies.