About Udgam Commercial Ltd
Data last updated:
Udgam Commercial Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 19 February 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB1996PLC077433.
The company has an authorised share capital of ₹3.9 Cr and a paid-up capital of ₹3.9 Cr. It was formerly known as Udgam Commercial Pvt Ltd. It is led by directors including Rajesh Kumar Sethi and Rahul Luhadia.
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 Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.5 Cr, a growth of 81% compared to the previous year. For the same year it recorded a net profit of ₹5.93 Cr (net margin 47.4%) and EBITDA of ₹8.04 Cr (EBITDA margin 64.3%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 59% over five years.
Court records list 11,496 cases involving the company, including 11,478 filed by the company and 15 filed against it; 4,204 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website udgam.co.in.
CIN History of Udgam Commercial Ltd
Udgam Commercial has one previous CIN (Corporate Identification Number): L51909WB1996PLC077433. The current CIN is U51909WB1996PLC077433, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909WB1996PLC077433 | Current |
| L51909WB1996PLC077433 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressCisf Compound H – Shed, No. 15 Remount Road Kantapukur, Kolkata, West Bengal, India – 700023
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- 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
- One PDF report, delivered after checkout
Business Activity of Udgam Commercial Ltd
The main business activity of Udgam Commercial is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Udgam Commercial Ltd FY 2025 filings available
Udgam Commercial Ltd reported revenue of ₹12.5 Cr (up 81% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Udgam Commercial Ltd
Revenue has grown at a compounded annual rate (CAGR) of 59% over five years, including 81% growth in the latest year. EBITDA rose 28% 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 of Udgam Commercial Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹8.04 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.93 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 of Udgam Commercial Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 64.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 47.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Udgam Commercial are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Udgam Commercial Ltd
Udgam Commercial has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Kumar Sethi | Director | 25 May 2018 | 8 Years 4 Months | Current |
| Rahul Luhadia | Director | 23 Apr 2004 | 22 Years 5 Months | Current |
| Neelam Sethi | Director | 08 May 2024 | 2 Years 5 Months | Current |
Peer Comparison of Udgam Commercial Ltd
Udgam Commercial Ltd is compared with the companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tci Finance Limited Listed | ₹12.56 Cr (FY 2019) | •••• | •••• | -4.0% | •••• | Hyderabad, Telangana, India |
| Acetylene Trexim Pvt Ltd | ₹12.55 Cr (FY 2024) | •••• | •••• | 242.0% | •••• | Kolkata, West Bengal, India |
| Orde Management Pvt. Ltd. | ₹12.55 Cr (FY 2025) | •••• | •••• | 79.0% | •••• | Kolkata, West Bengal, India |
| Jajodia Finance Ltd | ₹12.54 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Kolkata, West Bengal, India |
| Abhiyan Capital (India) Private Limited | ₹12.54 Cr (FY 2023) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
| Udgam Commercial Ltd this company | ₹12.5 Cr (FY 2025) | •••• | •••• | 81.0% | •••• | Kolkata, West Bengal, India |
| Jubilant Securities Private Limited | ₹12.49 Cr (FY 2025) | •••• | •••• | 94.0% | •••• | Noida, Uttar Pradesh, India |
| Sakshi Fincap Private Limited | ₹12.48 Cr (FY 2025) | •••• | •••• | 62.0% | •••• | New Delhi, Delhi, India |
| Starlit Finance Limited | ₹12.45 Cr (FY 2025) | •••• | •••• | 139.0% | •••• | New Delhi, Delhi, India |
| Origo Finance Private Limited | ₹12.44 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | New Delhi, Delhi, India |
| Vireet Investments Private Limited | ₹12.44 Cr (FY 2019) | •••• | •••• | -82.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Udgam Commercial by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Udgam Commercial Ltd
Udgam Commercial Ltd is audited by B KHOSLA & CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B KHOSLA & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Udgam Commercial Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Udgam Commercial Ltd
Udgam Commercial Ltd does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Udgam Commercial Ltd
Udgam Commercial Ltd has 11,496 court cases on record: 11,478 filed by Udgam Commercial, 15 filed against it, 3 where it is another party. 4,204 cases are pending and 7,292 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11,491 | 15 | 4,204 |
| High courts | 5 | 0 | 0 |
Cases on record (5 of 11,496)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Company petition | Filed by the company against Sarvapratham Investment Limited | Disposed |
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed by the company against an individual | Pending |
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed by the company against an individual | Pending |
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed by the company against an individual | Pending |
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed by the company against an individual | Pending |
Full case history
All 11,496 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Udgam Commercial Ltd
Employment history and EPFO contributions of people linked to Udgam Commercial.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Udgam Commercial Ltd
Udgam Commercial Ltd has 9 board changes on record since 2004: 3 appointments and 6 cessations. The latest: Neelam Sethi ceased to be Additional Director on 29 Sep 2024.
Credit Ratings, Litigation & Regulatory Alerts for Udgam Commercial Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Udgam Commercial Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Udgam Commercial Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Udgam Commercial Ltd
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Udgam Commercial Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Udgam Commercial Ltd
Udgam Commercial is an active public limited company based in Kolkata, West Bengal, India. The company works in nbfc, within the financial services industry. It was incorporated on 19 February 1996 (30+ years old) and is registered under CIN U51909WB1996PLC077433.
Udgam Commercial reported revenue of ₹12.5 Cr for FY 2025 (up 81% YoY).
Udgam Commercial has 3 current directors:
- Rajesh Kumar Sethi - Director
- Rahul Luhadia - Director
- Neelam Sethi - Director
Udgam Commercial reported a net profit of ₹5.93 Cr (net margin 47.4%) and EBITDA of ₹8.04 Cr (EBITDA margin 64.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Udgam Commercial is 42% over three years and 59% over five years. In the latest year (FY 2025) revenue rose 81%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Udgam Commercial is U51909WB1996PLC077433. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Udgam Commercial has 11,496 court cases on record: 11,478 filed by the company and 15 filed against it. 4,204 are pending. Most are in the district courts.
Udgam Commercial was incorporated on 19 February 1996, making it 30+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Udgam Commercial by revenue are Tci Finance Limited, Acetylene Trexim Pvt Ltd, Orde Management Pvt. Ltd, Jajodia Finance Ltd, Abhiyan Capital (India) Private Limited and 5 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC).
Neelam Sethi ceased to be Additional Director on 29 Sep 2024. Nitin Jain ceased to be Whole-Time Director on 29 Aug 2024. Neelam Sethi was appointed as Director on 08 May 2024. Udgam Commercial has 9 board changes on record in total.
Udgam Commercial can be reached through the website udgam.co.in. Its registered office is in Kolkata, West Bengal, India.