Hindon Mercantile unlisted share price

Price history

About

Hindon Mercantile Limited is an unlisted public company incorporated in Delhi, with the CIN U34300DL1985PLC021785. It operates under the MUFIN brand and works mainly as a promoter and holding company in the financial services space. Its best known holding is Mufin Green Finance Limited, an RBI-registered NBFC listed on BSE and NSE. The annual report of Mufin Green Finance says that the company, then called APM Finvest Limited, was acquired by Hindon Mercantile Limited and Mr. Kapil Garg in 2022. Mufin Green Finance finances electric vehicles and other products. As on 31 March 2026, Hindon Mercantile held 44.53% of Mufin Green Finance, and it was treated as an associate company from 4 March 2026 after being the holding company until then. Hindon Mercantile also holds 55% of Mufinpay Payment Solutions Private Limited, which has Vouchagram India Private Limited as a wholly owned subsidiary. The group therefore covers lending as well as payments and vouchers. On its own standalone numbers, Mufin Green Finance's notice discloses that Hindon Mercantile had a turnover of ₹3,767.08 lakh and a profit after tax of ₹136.96 lakh for 2024-25, with a net worth of ₹31,229.05 lakh. These are standalone figures and do not include its subsidiaries and associates. On ownership, the same document says Mr. Kapil Garg holds 38.15% of Hindon Mercantile Limited and Ms. Shelly Garg, part of the promoter group, holds 0.94%. Hindon Mercantile has no IPO listed on IPO Guru so far. Its shares are dealt off-market through unlisted-share platforms, and the price of ₹795 shown here is indicative, not an exchange price. The lot size we track is 100 shares.