Cardinal Mercantile Private Limited
About Cardinal Mercantile Private Limited
Data last updated:
Cardinal Mercantile Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 01 April 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65993GJ2004PTC043904. Its GSTIN is 24AACCC3642B1ZC (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shirish Prabhakar Oza and Tejash Devendrakumar Shah.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 206 Amrakunj Apartment Sonal Char Rasta Gurukul, Ahmedabad, Gujarat, India – 380052.
As per the financials filed for FY 2025, the company reported a revenue of ₹146.72 Cr, a growth of 111% compared to the previous year. For the same year it recorded a net loss of ₹20.31 Lakh (net margin -0.1%) and EBITDA of ₹1.41 Cr (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 58% over three years and 12% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Cardinal Mercantile Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressA – 206 Amrakunj Apartment Sonal Char Rasta Gurukul, Ahmedabad, Gujarat, India – 380052
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Cardinal Mercantile 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 activity of Cardinal Mercantile is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Cardinal Mercantile Private Limited, buy the company report.
Financials of Cardinal Mercantile Private Limited
FY 2025 filings availableCardinal Mercantile Private Limited reported revenue of ₹146.72 Cr (up 111% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 111% growth in the latest year. EBITDA fell 22% 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 | ₹1.41 Cr | ||||
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| Net Profit (PAT) | -₹20.31 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | -0.1% | ||||
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To see the full financial statements and ratios of Cardinal Mercantile Private Limited, buy the company report.
Board of directors of Cardinal Mercantile Private Limited
Cardinal Mercantile 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 |
|---|---|---|---|---|
| Shirish Prabhakar Oza | Director | 02 Jan 2025 | 1 Years 10 Months | Current |
| Tejash Devendrakumar Shah Also directs: Ahmedabad Sport Private Limited, Amdavad Sport Private Limited | Director | 24 Feb 2011 | 15 Years 8 Months | Current |
Peer comparison
Cardinal Mercantile Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hridaynath Consultancy Private Limited | ₹148.07 Cr (FY 2016) | 8.0% | Mumbai, Maharashtra, India | |||
| Dolat Capital Market Pvt Limited | ₹147.11 Cr (FY 2025) | 29.0% | Gandhinagar, Gujarat, India | |||
| Cardinal Mercantile Private Limitedthis company | ₹146.72 Cr (FY 2025) | -₹20.31 Lakh | -0.1% | 111.0% | Ahmedabad, Gujarat, India | |
| Eshan Financial Services Private Limited | ₹144.18 Cr (FY 2024) | 306.0% | New Delhi, Delhi, India | |||
| Deep Financial Consultants Pvt Ltd | ₹142.86 Cr (FY 2025) | -16.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Cardinal Mercantile Private Limited, buy the company report.
Auditor
Cardinal Mercantile Private Limited is audited by SANJAY VASTUPAL & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJAY VASTUPAL & CO | FY 2019 | 109187W |
Shareholding
The shareholding of Cardinal Mercantile Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Cardinal Mercantile Private Limited, buy the company report.
Legal cases
Cardinal Mercantile Private Limited has 1 court case on record: 1 filed by Cardinal Mercantile. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Commercial suit | Filed by the company | Disposed |
To see the full case history of Cardinal Mercantile 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 Cardinal Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Cardinal Mercantile has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCC3642B1ZC | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cardinal Mercantile Private Limited, buy the company report.
Recent activity
Cardinal Mercantile Private Limited has 7 board changes on record since 2010: 3 appointments and 4 cessations. The latest: Shirish Prabhakar Oza was appointed as Director on 02 Jan 2025.
Frequently asked questions
Cardinal Mercantile is an active private limited company based in Ahmedabad, Gujarat, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 01 April 2004 (22+ years old) and is registered under CIN U65993GJ2004PTC043904.
Cardinal Mercantile has 2 current directors:
- Shirish Prabhakar Oza - Director
- Tejash Devendrakumar Shah - Director
The latest financial statements of Cardinal Mercantile on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Cardinal Mercantile is 24AACCC3642B1ZC, registered in Gujarat.
The CIN (Corporate Identification Number) of Cardinal Mercantile is U65993GJ2004PTC043904. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cardinal Mercantile has 1 court case on record: 1 filed by the company.
Cardinal Mercantile was incorporated on 01 April 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Cardinal Mercantile by revenue are Hridaynath Consultancy Private Limited, Dolat Capital Market Pvt Limited, Eshan Financial Services Private Limited, Deep Financial Consultants Pvt Ltd, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Shirish Prabhakar Oza was appointed as Director on 02 Jan 2025. Manoj Hansraj Lunia ceased to be Additional Director on 25 Feb 2011. Tejash Devendrakumar Shah was appointed as Director on 24 Feb 2011. Cardinal Mercantile has 7 board changes on record in total.
The registered office of Cardinal Mercantile is at A – 206 Amrakunj Apartment Sonal Char Rasta Gurukul, Ahmedabad, Gujarat, India – 380052.
Cardinal Mercantile operates in the financial services industry, in the brokerage and trading services segment.
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