Volition Trading Private Limited
About Volition Trading Private Limited
Data last updated:
Volition Trading Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 24 February 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1994PTC076780. Its GSTIN is 27AAACV5060E1ZJ (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.25 Cr. It is led by directors Harakhchand Nagindas Shah and Hitesh Harakchand Shah.
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 532 Arun Chambers Next To A.C. Market Tardeo Main Road, Mumbai, Maharashtra, India – 400034.
As per the financials filed for FY 2021, the company reported a revenue of ₹2.19 Cr, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹2.87 Cr (net margin -131%) and EBITDA of ₹42.95 Lakh (EBITDA margin 19.6%). Revenue has declined at a compounded annual rate (CAGR) of 82% over three years and 67% over five years.
As per MCA filings, the company has open charges of ₹21.5 Cr on record. Court records list 13 cases involving the company, including 5 filed by the company and 8 filed against it; 1 case is pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1.02 Cr; the latest was in March 2024.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Volition Trading Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address532 Arun Chambers Next To A.C. Market Tardeo Main Road, Mumbai, Maharashtra, India – 400034
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Volition Trading 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
Financials of Volition Trading Private Limited
FY 2025 filings availableVolition Trading Private Limited reported revenue of ₹2.19 Cr (down 99% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 67% over five years, including a 99% fall in the latest year. EBITDA fell 73% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹2.19 Cr | ||||
| Other Income | |||||
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| EBITDA | ₹42.95 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.87 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.6% | ||||
| Net Profit Margin | -131% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Volition Trading Private Limited, buy the company report.
Board of directors of Volition Trading Private Limited
Volition Trading has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harakhchand Nagindas Shah Also directs: Europan Metals Pvt. Ltd., European Extrutech Private Limited | Director | 24 Feb 1994 | 32 Years 8 Months | Current |
| Hitesh Harakchand Shah | Director | 31 Dec 2020 | 5 Years 9 Months | Current |
Auditor
Volition Trading Private Limited is audited by J J DESAI & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J J DESAI & ASSOCIATES | FY 2021 | 102312W |
Shareholding
The shareholding of Volition Trading Private Limited is on record for 5 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 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Volition Trading Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Mar 2013 | 10421638 | Others | ₹21.5 Cr | Open |
To see the full charge records of Volition Trading Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Volition Trading Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1.02 Cr; the latest was in March 2024.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Sep 2011 | Funding round | ₹1.02 Cr | Investors: an individual |
| Sep 2004 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Volition Trading Private Limited has 13 court cases on record: 5 filed by Volition Trading, 8 filed against it. 1 case is pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 2 | 0 |
| District courts | 5 | 5 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Silvassa, The Dadra And Nagar Haveli And Daman And Diu | Court case (OTH. MISC.APPLI. CRI) | Filed against the company by JM Financial Asset Reconstruction Company Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against J.M. Financial Asset Reconstruction Company Ltd. and 2 others | Disposed |
| Bombay High Court | Court case (COAPP) | Filed against the company by Pankaj Extrusions Ltd. and 2 Others | Disposed |
| High Court, GUJARAT | Court case (OJA) | Filed by the company against Perennial Trading Pvt Ltd | Disposed |
| High Court, GUJARAT | Court case (OJA) | Filed by the company against Privy Trading Pvt Ltd | Disposed |
To see the full case history of Volition Trading 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 Volition Trading Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Volition Trading has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV5060E1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Volition Trading Private Limited, buy the company report.
Recent activity
Volition Trading Private Limited has 6 board changes on record since 1994: 2 appointments and 4 cessations. The latest: Hitesh Harakchand Shah ceased to be Additional Director on 30 Nov 2021.
Frequently asked questions
Volition Trading is an active private limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 24 February 1994 (32+ years old) and is registered under CIN U51900MH1994PTC076780.
Volition Trading has 2 current directors:
- Harakhchand Nagindas Shah - Director
- Hitesh Harakchand Shah - Director
The latest financial statements of Volition Trading 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 Volition Trading is 27AAACV5060E1ZJ, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Volition Trading is U51900MH1994PTC076780. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Volition Trading has 13 court cases on record: 5 filed by the company and 8 filed against it. 1 is pending. Most are in the high courts.
Volition Trading was incorporated on 24 February 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Volition Trading has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1.02 Cr; the latest was in March 2024.
Hitesh Harakchand Shah ceased to be Additional Director on 30 Nov 2021. Hitesh Harakchand Shah was appointed as Director on 31 Dec 2020. Saloni Jayesh Shah ceased to be Additional Director on 31 Dec 2020. Volition Trading has 6 board changes on record in total.
The registered office of Volition Trading is at 532 Arun Chambers Next To A.C. Market Tardeo Main Road, Mumbai, Maharashtra, India – 400034.