Mermaid Properties Private Limited
About Mermaid Properties Private Limited
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Mermaid Properties Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the electrical services segment of the construction sector. It was incorporated on 04 May 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45201TN1992PTC022595.
The company has an authorised share capital of ₹3.6 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Pamalapadi Ramachendran (Managing Director) and Lalchand Uthamchand.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ic Jvl Towers Old No.117 New No.51 Nelson Manickam Road Aminjikarai, Chennai, Tamil Nadu, India – 600029.
As per the financials filed for FY 2025, the company reported a revenue of ₹97,139, a growth of 15% compared to the previous year. For the same year it recorded a net loss of ₹1.61 Lakh (net margin -165.3%) and EBITDA of -₹1.37 Lakh (EBITDA margin -140.7%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years.
Court records list 20 cases involving the company, including 17 filed by the company and 3 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Mermaid Properties Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressIc Jvl Towers Old No.117 New No.51 Nelson Manickam Road Aminjikarai, Chennai, Tamil Nadu, India – 600029
- IndustryConstruction, Electrical Services, Demolition & Construction Services, Plumbing Services & Construction Specialties
To see the full contact details of Mermaid Properties 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
Financials of Mermaid Properties Private Limited
FY 2025 filings availableMermaid Properties Private Limited reported revenue of ₹97,139 (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over three years, including 15% growth in the latest year. EBITDA rose 57% 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 | -₹1.37 Lakh | ||||
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| Net Profit (PAT) | -₹1.61 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 | -140.7% | ||||
| Net Profit Margin | -165.3% | ||||
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To see the full financial statements and ratios of Mermaid Properties Private Limited, buy the company report.
Board of directors of Mermaid Properties Private Limited
Mermaid Properties has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalchand Uthamchand | Director | 06 Jan 2005 | 21 Years 10 Months | Current |
| Ramanathan Suthakar | Director | 09 Dec 2004 | 21 Years 10 Months | Current |
| Pamalapadi Ramachendran Also directs: B.P.S.Cotton Concepts Private Limited | Managing Director | 09 Dec 2004 | 21 Years 10 Months | Current |
Auditor
Mermaid Properties Private Limited is audited by RAJU SUMATHY & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJU SUMATHY & ASSOCIATES | FY 2017 | 007373S |
Shareholding
The shareholding of Mermaid Properties Private 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 Mermaid Properties Private Limited, buy the company report.
Legal cases
Mermaid Properties Private Limited has 20 court cases on record: 17 filed by Mermaid Properties, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 20 | 3 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Revision petition | Filed against the company by an individual | Disposed |
| High Court, TAMIL NADU | Appeal | Filed by the company against individuals | Disposed |
| High Court | Interim or miscellaneous application | Filed by the company against individuals | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by State Rep. by the Secretary to and 2 others | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against State Rep. by the Secretary to and 3 others | Disposed |
To see the full case history of Mermaid Properties 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 Mermaid Properties 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 Mermaid Properties Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mermaid Properties Private Limited has 3 board changes on record since 2004: 3 appointments. The latest: Lalchand Uthamchand was appointed as Director on 06 Jan 2005.
Frequently asked questions
Mermaid Properties is an active private limited company based in Chennai, Tamil Nadu, India. The company works in electrical services, within the construction industry. It was incorporated on 04 May 1992 (34+ years old) and is registered under CIN U45201TN1992PTC022595.
Mermaid Properties has 3 current directors:
- Pamalapadi Ramachendran - Managing Director
- Lalchand Uthamchand - Director
- Ramanathan Suthakar - Director
The latest financial statements of Mermaid Properties on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mermaid Properties is U45201TN1992PTC022595. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mermaid Properties has 20 court cases on record: 17 filed by the company and 3 filed against it.
Mermaid Properties was incorporated on 04 May 1992, making it 34+ years old. It is registered with the Registrar of Companies, Chennai.
Lalchand Uthamchand was appointed as Director on 06 Jan 2005. Pamalapadi Ramachendran was appointed as Managing Director on 09 Dec 2004. Ramanathan Suthakar was appointed as Director on 09 Dec 2004.
The registered office of Mermaid Properties is at Ic Jvl Towers Old No.117 New No.51 Nelson Manickam Road Aminjikarai, Chennai, Tamil Nadu, India – 600029.
Mermaid Properties operates in the construction industry, in the electrical services segment.
The compliance status of Mermaid Properties is active non-compliant as of 23 September 2026. The company is actively filing with the Registrar of Companies.
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