Mercantile Nidhi Limited
About Mercantile Nidhi Limited
Data last updated:
Mercantile Nidhi Limited is a nidhi company based in Vatanappally, Kerala, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 22 June 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65929KL2016PLC046084.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹12.53 Lakh. It is led by directors including Jomon (Managing Director) and Jomon Divya.
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 Door No. X/215 (539G) Ground Floor Mohiyudheen Memorial Building, Vatanappally, Kerala, India – 680614.
As per the financials filed for FY 2023, the company reported a revenue of ₹10.26 Lakh, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹8,180 (net margin 0.8%) and EBITDA of ₹48,237 (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 19% over five years.
Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Mercantile Nidhi Limited's registered office is in Vatanappally, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDoor No. X/215 (539G) Ground Floor Mohiyudheen Memorial Building, Vatanappally, Kerala, India – 680614
- IndustryFinancial Services, Financial Activities
To see the full contact details of Mercantile Nidhi 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 Mercantile Nidhi is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Mercantile Nidhi Limited, buy the company report.
Financials of Mercantile Nidhi Limited
FY 2023 filings availableMercantile Nidhi Limited reported revenue of ₹10.26 Lakh (up 7% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 7% growth in the latest year. EBITDA rose 2% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹48,237 | ||||
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| Net Profit (PAT) | ₹8,180 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 4.7% | ||||
| Net Profit Margin | 0.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Mercantile Nidhi Limited, buy the company report.
Board of directors of Mercantile Nidhi Limited
Mercantile Nidhi has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jomon Divya | Director | 22 Jun 2016 | 10 Years 4 Months | Current |
| Jomon Also directs: Goldenmobilizers Kuries Private Limited | Managing Director | 22 Jun 2016 | 10 Years 4 Months | Current |
| Purathurpallikunnath Poulose Joshy Also directs: Goldenmobilizers Kuries Private Limited | Director | 22 Jun 2016 | 10 Years 4 Months | Current |
Peer comparison
Mercantile Nidhi Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chendhur Velan Chitfund Private Limited | ₹10.27 Lakh (FY 2024) | 102.0% | Tirunelveli, Tamil Nadu, India | |||
| Sutodia Trade & Finance Pvt.Ltd. | ₹10.26 Lakh (FY 2025) | -76.0% | Kolkata, West Bengal, India | |||
| Northstar Commodities Private Limited | ₹10.26 Lakh (FY 2025) | -9.0% | Rourkela, Odisha, India | |||
| Deepsikha Dealers Private Limited | ₹10.26 Lakh (FY 2024) | 16999.0% | Kolkata, West Bengal, India | |||
| Jay Commotrade Private Limited | ₹10.26 Lakh (FY 2023) | -76.0% | Kolkata, West Bengal, India | |||
| Mercantile Nidhi Limitedthis company | ₹10.26 Lakh (FY 2023) | ₹8,180 | 0.8% | 7.0% | Vatanappally, Kerala, India | |
| Meladoor Infant Jesus Family Welfare Kuries Private Limited | ₹10.25 Lakh (FY 2025) | 9.0% | Meladoor, Kerala, India | |||
| Indeefy Siya (OPC) Private Limited | ₹10.25 Lakh (FY 2025) | 60.0% | Madhubani, Bihar, India | |||
| Magniphi Estates Private Limited | ₹10.25 Lakh (FY 2021) | -39.0% | Delhi, India | |||
| Newway Buildcon Private Limited | ₹10.24 Lakh (FY 2025) | -40.0% | Kolkata, West Bengal, India | |||
| Meil Investments (India) Limited | ₹10.24 Lakh (FY 2025) | 42.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Mercantile Nidhi Limited, buy the company report.
Auditor
Mercantile Nidhi Limited is audited by BSJ & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSJ & ASSOCIATES | FY 2017 | 010560S |
Shareholding
The shareholding of Mercantile Nidhi Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Mercantile Nidhi Limited, buy the company report.
Legal cases
Mercantile Nidhi Limited has 1 court case on record: 1 filed by Mercantile Nidhi. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against The Union of India and 3 others | Pending |
To see the full case history of Mercantile Nidhi 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 Mercantile Nidhi 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 Mercantile Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mercantile Nidhi Limited has 5 board changes on record since 2016: 3 appointments and 2 cessations. The latest: Jomon ceased to be Director on 04 Dec 2017.
Frequently asked questions
Mercantile Nidhi is an active nidhi company based in Vatanappally, Kerala, India. The company works in financial activities, within the financial services industry. It was incorporated on 22 June 2016 (10+ years old) and is registered under CIN U65929KL2016PLC046084.
Mercantile Nidhi has 3 current directors:
- Jomon - Managing Director
- Jomon Divya - Director
- Purathurpallikunnath Poulose Joshy - Director
The latest financial statements of Mercantile Nidhi on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Mercantile Nidhi is U65929KL2016PLC046084. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mercantile Nidhi has 1 court case on record: 1 filed by the company. 1 is pending.
Mercantile Nidhi was incorporated on 22 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Mercantile Nidhi by revenue are Chendhur Velan Chitfund Private Limited, Sutodia Trade & Finance Pvt.Ltd, Northstar Commodities Private Limited, Deepsikha Dealers Private Limited, Jay Commotrade Private Limited and 5 more, all in the same principal business activity (other financial activities).
Jomon ceased to be Director on 04 Dec 2017. Purathurpallikunnath Poulose Joshy ceased to be Managing Director on 04 Dec 2017. Jomon was appointed as Managing Director on 22 Jun 2016. Mercantile Nidhi has 5 board changes on record in total.
The registered office of Mercantile Nidhi is at Door No. X215 539G Ground Floor Mohiyudheen Memorial Building, Vatanappally, Kerala, India – 680614.
Mercantile Nidhi operates in the financial services industry, in the financial activities segment.
The compliance status of Mercantile Nidhi is compliant as of 30 July 2026. The company is actively filing with the Registrar of Companies.
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