MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-DL-11-0018355
Formidable Merchandise Private Limited
Formidable Merchandise Private Limited - consumer goods in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹10.33 Cr
▼ 19% YoY
Net profit · FY 2023
₹9.21 Lakh
Net margin 0.9%
EBITDA · FY 2023
₹26.36 Lakh
EBITDA margin 2.6%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
12 yrs
Est. 2014
Directors on board
2
As per MCA filings
Active GSTINs
1
of 3 registered
About Formidable Merchandise Private Limited
Data last updated:
Formidable Merchandise Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the footwear retail and distribution segment of the consumer goods sector. It was incorporated on 07 March 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U52190DL2014PTC266005. Its GSTIN is 07AAMCA4959M1ZZ (Delhi). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Avtansh Marketing Private Limited. It is led by directors Nitin Gupta and Anshu Gupta.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Plot No 9 & 10 Ranaji Enclave Near Dd Motors Najafgarh Newdelhi, New Delhi, Delhi, India – 110043.
As per the financials filed for FY 2023, the company reported a revenue of ₹10.33 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹9.21 Lakh (net margin 0.9%) and EBITDA of ₹26.36 Lakh (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 10% over five years.
Court records list 49 cases involving the company, including 46 filed by the company and 3 filed against it; 20 cases are pending.
Formidable Merchandise Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-11-0018355). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Formidable Merchandise Private Limited
CIN U52190DL2014PTC266005
Registration Number 266005
Incorporation Date 07 March 2014
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-DL-11-0018355
Key People
Nitin Gupta Director Anshu Gupta Director Recognitions & Rankings of Formidable Merchandise
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressPlot No 9 & 10 Ranaji Enclave Near Dd Motors Najafgarh Newdelhi, New Delhi, Delhi, India – 110043
- IndustryConsumer Goods, Footwear Retail & Distribution
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Business Activity of Formidable Merchandise Private Limited
The main business activity of Formidable Merchandise is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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- Filing-level activity changes
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Financials of Formidable Merchandise Private Limited FY 2023 filings available
Formidable Merchandise Private Limited reported revenue of ₹10.33 Cr (down 19% YoY) for FY 2023.
Revenue · FY 2023
₹10.33 Cr ▼ 19%
Net profit · FY 2023
₹9.21 Lakh margin 0.9%
EBITDA · FY 2023
₹26.36 Lakh margin 2.6%
Compounded Annual Growth Rate (CAGR) of Formidable Merchandise Private Limited
Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 30%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 16%
5 years · compounded
▲ 15%
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA rose 16% 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 Formidable Merchandise Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹10.33 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹26.36 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.21 Lakh | •••• | •••• | •••• | •••• |
| 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 Formidable Merchandise Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.9% | •••• | •••• | •••• | •••• |
| 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 Formidable Merchandise are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Board of Directors of Formidable Merchandise Private Limited
Formidable Merchandise has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Gupta | Director | 07 Mar 2014 | 12 Years 7 Months | Current |
| Anshu Gupta | Director | 09 Jun 2015 | 11 Years 4 Months | Current |
Peer Comparison of Formidable Merchandise Private Limited
Formidable Merchandise Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Footwear Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Beam Retail and Infra Private Limited | ₹10.92 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Gurgaon, Haryana, India |
| Gee Gee Fabrics Private Limited | ₹10.86 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Faridabad, Haryana, India |
| KMG Star International Private Limited | ₹10.74 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Delhi, India |
| Zillion Brands Private Limited | ₹10.49 Cr (FY 2024) | •••• | •••• | 918.0% | •••• | Ahmedabad, Gujarat, India |
| Vac Apparels Private Limited | ₹10.39 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Bareilly, Uttar Pradesh, India |
| Formidable Merchandise Private Limited this company | ₹10.33 Cr (FY 2023) | •••• | •••• | -19.0% | •••• | New Delhi, Delhi, India |
| Shalimar Footwear Private Limited | ₹10.26 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Kanpur, Uttar Pradesh, India |
| Sharanam Sarees Private Limited | ₹10.26 Cr (FY 2016) | •••• | •••• | 155.0% | •••• | Surat, Gujarat, India |
| Katz Garments Private Limited | ₹10.26 Cr (FY 2025) | •••• | •••• | 2676.0% | •••• | Noida, Uttar Pradesh, India |
| Asnom Traders Private Limited | ₹10.21 Cr (FY 2024) | •••• | •••• | 46.0% | •••• | Kottayam, Kerala, India |
| Poshknit Tex Private Limited | ₹10.14 Cr (FY 2024) | •••• | •••• | 35.0% | •••• | Tiruppur, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Formidable Merchandise by revenue in the Consumer Products industry (Footwear Retail and Distribution), 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 Formidable Merchandise Private Limited
Formidable Merchandise Private Limited is audited by MAKS & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MAKS & CO. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Formidable Merchandise Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Formidable Merchandise Private Limited
Formidable Merchandise Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Formidable Merchandise Private Limited
Formidable Merchandise Private Limited has 49 court cases on record: 46 filed by Formidable Merchandise, 3 filed against it. 20 cases are pending and 29 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Total cases
49
Filed by the company
46
Filed against the company
3
Pending
20
Disposed
29
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 49 | 3 | 20 |
Cases on record (5 of 49)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Unistar Footwears Private Limited | Disposed |
| District court, South East, Delhi | Cheque dishonour complaint | Filed against the company by Summersalt Lifestyle Private Limited | Disposed |
| District court, South West, Delhi | Civil suit | Filed by the company against an individual | Pending |
| District court, South West, Delhi | Civil suit | Filed by the company against an individual | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
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Full case history
All 49 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 Formidable Merchandise Private Limited
Employment history and EPFO contributions of people linked to Formidable Merchandise.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Formidable Merchandise Private Limited
Formidable Merchandise Private Limited has 4 board changes on record since 2014: 2 appointments and 2 cessations. The latest: Nitin Gupta ceased to be Company Secretary on 25 Dec 2015.
AGM
Formidable Merchandise Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Formidable Merchandise Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.
Ceased
Nitin Gupta ceased to be Company Secretary.
Appointed
Anshu Gupta was appointed as Director.
Ceased
Nitin Jain ceased to be Director.
Appointed
Nitin Gupta was appointed as Director.
Incorporation
07 Mar 2014
Formidable Merchandise Private Limited was registered on 07 Mar 2014 with Roc Delhi & aged 12 years 7 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Formidable Merchandise Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Formidable Merchandise Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Formidable Merchandise Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Formidable Merchandise Private Limited
Formidable Merchandise has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAMCA4959M1ZZ | Delhi | Active | 01 Jul 2017 |
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MCA Filings & Documents of Formidable Merchandise Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Formidable Merchandise Private Limited
Formidable Merchandise is an active private limited company based in New Delhi, Delhi, India. The company works in footwear retail and distribution, within the consumer goods industry. It was incorporated on 07 March 2014 (12+ years old) and is registered under CIN U52190DL2014PTC266005.
Formidable Merchandise reported revenue of ₹10.33 Cr for FY 2023 (down 19% YoY).
Formidable Merchandise has 2 current directors:
- Nitin Gupta - Director
- Anshu Gupta - Director
Formidable Merchandise reported a net profit of ₹9.21 Lakh (net margin 0.9%) and EBITDA of ₹26.36 Lakh (EBITDA margin 2.6%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Formidable Merchandise is 30% over three years and 10% over five years. In the latest year (FY 2023) revenue fell 19%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Formidable Merchandise is 07AAMCA4959M1ZZ, registered in Delhi. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Formidable Merchandise is U52190DL2014PTC266005. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formidable Merchandise has 49 court cases on record: 46 filed by the company and 3 filed against it. 20 are pending.
Formidable Merchandise was incorporated on 07 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Formidable Merchandise by revenue are Beam Retail and Infra Private Limited, Gee Gee Fabrics Private Limited, KMG Star International Private Limited, Zillion Brands Private Limited, Vac Apparels Private Limited and 5 more, all in the Consumer Products industry (Footwear Retail and Distribution).
Nitin Gupta ceased to be Company Secretary on 25 Dec 2015. Anshu Gupta was appointed as Director on 09 Jun 2015. Nitin Jain ceased to be Director on 09 Jun 2015. Formidable Merchandise has 4 board changes on record in total.