Manthan Mercantile Private Limited
About Manthan Mercantile Private Limited
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Manthan Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the retail trade segment of the trading and commerce sector. It was incorporated on 01 February 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51109MH2011PTC212904.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Aditya Vipul Bhatt and Mrinal Vipul Bhatt.
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 60 – A/479 3rd Floor Arther Road Tardeo, Mumbai, Maharashtra, India – 400034.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.5 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹6.92 Lakh (net margin 1.5%) and EBITDA of ₹9.04 Lakh (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 249% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Manthan Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address60 – A/479 3rd Floor Arther Road Tardeo, Mumbai, Maharashtra, India – 400034
- IndustryTrading, Retailers, Retail Trading
To see the full contact details of Manthan 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 Manthan Mercantile 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 Manthan Mercantile Private Limited, buy the company report.
Financials of Manthan Mercantile Private Limited
FY 2025 filings availableManthan Mercantile Private Limited reported revenue of ₹4.5 Cr (up 720% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 249% over three years, including 720% growth in the latest year. EBITDA rose 75% 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 | ₹9.04 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹6.92 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 | 2% | ||||
| Net Profit Margin | 1.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Manthan Mercantile Private Limited, buy the company report.
Board of directors of Manthan Mercantile Private Limited
Manthan Mercantile has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aditya Vipul Bhatt | Additional Director | 01 Nov 2023 | 3 Years 0 Months | Current |
| Mrinal Vipul Bhatt | Additional Director | 20 Jul 2020 | 6 Years 3 Months | Current |
Peer comparison
Manthan Mercantile Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Savensa Business Solutions Private Limited | ₹4.55 Cr (FY 2025) | -20.0% | Muthoot Finance, Mysore, Karnataka, India | |||
| Gateway Derivatives Private Limited | ₹4.54 Cr (FY 2025) | 592.0% | Kolkata, West Bengal, India | |||
| Paridhi Fin Holdings Private Limited | ₹4.53 Cr (FY 2025) | 659.0% | Nagpur, Maharashtra, India | |||
| Warmond Fiduciary Services Limited | ₹4.53 Cr (FY 2025) | 37.0% | Mumbai, Maharashtra, India | |||
| Pushpsri Fiscal Services Pvt Ltd | ₹4.51 Cr (FY 2025) | 174.0% | Kolkata, West Bengal, India | |||
| Manthan Mercantile Private Limitedthis company | ₹4.5 Cr (FY 2025) | ₹6.92 Lakh | 1.5% | 720.0% | Mumbai, Maharashtra, India | |
| Hemvijay Holdings Private Limited | ₹4.49 Cr (FY 2025) | 58.0% | Mumbai, Maharashtra, India | |||
| Total Holdings Finvest Private Limited | ₹4.49 Cr (FY 2025) | -4.0% | Mumbai, Maharashtra, India | |||
| VH Medcare Private Limited | ₹4.48 Cr (FY 2025) | 5.0% | Bangalore, Karnataka, India | |||
| Big Dreamer's Finvest Private Limited | ₹4.48 Cr (FY 2024) | Bardoli, Gujarat, India | ||||
| Anamika Securities Private Limited | ₹4.47 Cr (FY 2025) | -38.0% | New Delhi, Delhi, India |
To see the full peer comparison of Manthan Mercantile Private Limited, buy the company report.
Shareholding
The shareholding of Manthan Mercantile Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Manthan Mercantile Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Manthan Mercantile Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Manthan Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Manthan Mercantile Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Manthan Mercantile Private Limited has 9 board changes on record since 2011: 2 appointments and 7 cessations. The latest: Aditya Vipul Bhatt was appointed as Additional Director on 01 Nov 2023.
Frequently asked questions
Manthan Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in retailers, within the trading industry. It was incorporated on 01 February 2011 (15+ years old) and is registered under CIN U51109MH2011PTC212904.
Manthan Mercantile has 2 current directors:
- Aditya Vipul Bhatt - Additional Director
- Mrinal Vipul Bhatt - Additional Director
The latest financial statements of Manthan Mercantile 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 Manthan Mercantile is U51109MH2011PTC212904. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manthan Mercantile was incorporated on 01 February 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Manthan Mercantile by revenue are Savensa Business Solutions Private Limited, Gateway Derivatives Private Limited, Paridhi Fin Holdings Private Limited, Warmond Fiduciary Services Limited, Pushpsri Fiscal Services Pvt Ltd and 5 more, all in the same principal business activity (activities auxiliary to financial service and insurance activities).
Aditya Vipul Bhatt was appointed as Additional Director on 01 Nov 2023. Pragna Mohanlal Bhatt ceased to be Director on 01 Nov 2023. Vipul Vidur Bhatt ceased to be Additional Director on 01 Apr 2021. Manthan Mercantile has 9 board changes on record in total.
The registered office of Manthan Mercantile is at 60 – A479 3rd Floor Arther Road Tardeo, Mumbai, Maharashtra, India – 400034.
Manthan Mercantile operates in the trading industry, in the retailers segment.
The compliance status of Manthan Mercantile is compliant as of 25 September 2026. The company is actively filing with the Registrar of Companies.
Manthan Mercantile can be reached at its registered office: 60 – A479 3rd Floor Arther Road Tardeo, Mumbai, Maharashtra, India – 400034.
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