Dhanvarsha Merchants Private Limited
About Dhanvarsha Merchants Private Limited
Data last updated:
Dhanvarsha Merchants Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 15 February 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2011PTC312645.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹29.2 Lakh. It is led by directors Mangilal Dharamchand Kothari and Bharti Mangilal Kothari.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹53.25 Lakh, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹35.01 Lakh (net margin 65.7%) and EBITDA of ₹41.21 Lakh (EBITDA margin 77.4%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 11% over five years.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Dhanvarsha Merchants has one previous CIN (Corporate Identification Number): U51909WB2011PTC159176. The current CIN is U51909MH2011PTC312645, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909MH2011PTC312645 | Current |
| U51909WB2011PTC159176 | Previous |
Contact details
Dhanvarsha Merchants Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No 234 Mt Rm No – 2, Powai Plaza Cst No – 5 Hiranandani Garden Nr.A.S.Marg Powai, Mumbai, Maharashtra, India – 400076
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Dhanvarsha Merchants 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 Dhanvarsha Merchants is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Dhanvarsha Merchants Private Limited, buy the company report.
Financials of Dhanvarsha Merchants Private Limited
FY 2025 filings availableDhanvarsha Merchants Private Limited reported revenue of ₹53.25 Lakh (down 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 27% fall in the latest year. EBITDA rose 44% 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 | ₹41.21 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹35.01 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 77.4% | ||||
| Net Profit Margin | 65.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Dhanvarsha Merchants Private Limited, buy the company report.
Board of directors of Dhanvarsha Merchants Private Limited
Dhanvarsha Merchants has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mangilal Dharamchand Kothari Also directs: Bhargava Automation Systems Limited, Bhooteshwar Commercial Private Limited, Inner Vinimay Private Limited and 4 more | Director | 01 Jan 2016 | 10 Years 10 Months | Current |
| Bharti Mangilal Kothari Also directs: Bhargava Automation Systems Limited, Bhooteshwar Commercial Private Limited, Inner Vinimay Private Limited and 2 more | Director | 05 Apr 2023 | 3 Years 6 Months | Current |
Auditor
Dhanvarsha Merchants Private Limited is audited by LILANI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LILANI & CO | FY 2023 | 196847 |
Shareholding
The shareholding of Dhanvarsha Merchants Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dhanvarsha Merchants Private Limited, buy the company report.
Legal cases
Dhanvarsha Merchants Private Limited has 2 court cases on record: 1 filed by Dhanvarsha Merchants, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Reliable Exports India Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against an individual | Disposed |
To see the full case history of Dhanvarsha Merchants 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
Dhanvarsha Merchants Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 23 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| R.C.Jain Management Services Private Limited | |||
| R. C. Jain & Associates LLP |
To see the full MSME payment records of Dhanvarsha Merchants Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Dhanvarsha Merchants has 2 associated companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Dhanvarsha Merchants Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Dhanvarsha Merchants Private Limited has 12 board changes on record since 2011: 2 appointments and 10 cessations. The latest: Bharti Mangilal Kothari ceased to be Additional Director on 29 Sep 2023.
3 earlier events are in the company report.
Frequently asked questions
Dhanvarsha Merchants is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 15 February 2011 (15+ years old) and is registered under CIN U51909MH2011PTC312645.
Dhanvarsha Merchants has 2 current directors:
- Mangilal Dharamchand Kothari - Director
- Bharti Mangilal Kothari - Director
The latest financial statements of Dhanvarsha 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 Dhanvarsha Merchants is U51909MH2011PTC312645. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhanvarsha Merchants has 2 court cases on record: 1 filed by the company and 1 filed against it.
Dhanvarsha Merchants was incorporated on 15 February 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Bharti Mangilal Kothari ceased to be Additional Director on 29 Sep 2023. Bharti Mangilal Kothari was appointed as Director on 05 Apr 2023. Mangilal Dharamchand Kothari ceased to be Additional Director on 29 Sep 2017. Dhanvarsha Merchants has 12 board changes on record in total.
Dhanvarsha Merchants has 10 MSME Form 1 returns on record between 2019 and 2023, listing 23 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Aug 2023.
The registered office of Dhanvarsha Merchants is at Shop No 234 Mt Rm No – 2, Powai Plaza Cst No – 5 Hiranandani Garden Nr.A.S.Marg Powai, Mumbai, Maharashtra, India – 400076.
Dhanvarsha Merchants operates in the financial services industry, in the diversified financial services segment.
The compliance status of Dhanvarsha Merchants is compliant as of 18 September 2026. The company is actively filing with the Registrar of Companies.
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