Niharika Mercantile Private Limited
About Niharika Mercantile Private Limited
Data last updated:
Niharika Mercantile Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the brokerage and trading services segment of the financial services sector. It was incorporated on 15 November 2010.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51101MH2010PTC210060.
The company had an authorised share capital of ₹1.82 Cr and a paid-up capital of ₹1.82 Cr. It was led by directors Neel Kumar Jain and Nina Ranka.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 309 Pioneer Industrial Estate Subhash Road Jogeshwari East, Mumbai, Maharashtra, India – 400060.
As per the financials filed for FY 2022, the company reported a revenue of ₹57.5 Lakh, a decline of 77% compared to the previous year. For the same year it recorded a net profit of ₹7.06 Lakh (net margin 12.3%) and EBITDA of ₹14.68 Lakh (EBITDA margin 25.5%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 2% over five years.
Court records list 2 cases involving the company, including 2 filed by the company.
Company details
Contact details
Niharika Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address309 Pioneer Industrial Estate Subhash Road Jogeshwari East, Mumbai, Maharashtra, India – 400060
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Niharika 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 Niharika Mercantile 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 Niharika Mercantile Private Limited, buy the company report.
Financials of Niharika Mercantile Private Limited
FY 2022 filings availableNiharika Mercantile Private Limited reported revenue of ₹57.5 Lakh (down 77% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 77% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 115% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹14.68 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.06 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.5% | ||||
| Net Profit Margin | 12.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Niharika Mercantile Private Limited, buy the company report.
Board of directors of Niharika Mercantile Private Limited
Niharika 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 |
|---|---|---|---|---|
| Neel Kumar Jain | Director | 15 Dec 2020 | 5 Years 10 Months | As last reported |
| Nina Ranka Also directs: Veenapani Advisory Services LLP, Kanika Ranka Studios LLP, Goldsmith Vinimay LLP and 5 more | Director | 09 Dec 2019 | 6 Years 10 Months | As last reported |
Peer comparison
Niharika Mercantile Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking Services), with 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 |
|---|---|---|---|---|---|---|
| Alfabull Capital Private Limited | ₹57.79 Lakh (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Motley Securities Private Limited | ₹57.71 Lakh (FY 2018) | -64.0% | Delhi, India | |||
| Niharika Mercantile Private Limitedthis company | ₹57.5 Lakh (FY 2022) | ₹7.06 Lakh | 12.3% | -77.0% | Mumbai, Maharashtra, India | |
| N R Textile Industries Ltd | ₹57.42 Lakh (FY 2025) | 31.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Niharika Mercantile Private Limited, buy the company report.
Auditor
Niharika Mercantile Private Limited is audited by HIREN BUCH ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HIREN BUCH ASSOCIATES | FY 2017 | 116131W |
Shareholding
The shareholding of Niharika Mercantile Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Niharika Mercantile Private Limited, buy the company report.
Legal cases
Niharika Mercantile Private Limited has 2 court cases on record: 2 filed by Niharika Mercantile. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Niharika Mercantile 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 Niharika 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 Niharika Mercantile Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Niharika Mercantile Private Limited has 9 board changes on record since 2012: 2 appointments and 7 cessations. The latest: Neel Kumar Jain ceased to be Additional Director on 31 Dec 2020.
Frequently asked questions
Niharika Mercantile has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Niharika Mercantile was a private limited company based in Mumbai, Maharashtra, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 15 November 2010 and is registered under CIN U51101MH2010PTC210060. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Niharika Mercantile was incorporated on 15 November 2010. It is registered with the Registrar of Companies, Mumbai.
Niharika Mercantile had 2 directors:
- Neel Kumar Jain - Director
- Nina Ranka - Director
The CIN (Corporate Identification Number) of Niharika Mercantile is U51101MH2010PTC210060. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Niharika Mercantile is at 309 Pioneer Industrial Estate Subhash Road Jogeshwari East, Mumbai, Maharashtra, India – 400060.
The latest financial statements of Niharika Mercantile on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
Niharika Mercantile operated in the financial services industry, in the brokerage and trading services segment.
The peers of Niharika Mercantile by revenue are Alfabull Capital Private Limited, Motley Securities Private Limited, N R Textile Industries Ltd, all in the BFSI industry (Broking Services), with the same principal business activity (other financial activities).
Niharika Mercantile has 2 court cases on record: 2 filed by the company.
Neel Kumar Jain ceased to be Additional Director on 31 Dec 2020. Harisingh Ranka ceased to be Director on 15 Dec 2020. Neel Kumar Jain was appointed as Director on 15 Dec 2020. Niharika Mercantile has 9 board changes on record in total.