MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0182013
Nine Mercantile Networks Private Limited
Nine Mercantile Networks Private Limited - trading in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹9.15 Cr
▲ 37% YoY
Net profit · FY 2024
₹4.56 Lakh
Net margin 0.5%
EBITDA · FY 2024
₹4.56 Lakh
EBITDA margin 0.5%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Nine Mercantile Networks Private Limited
Data last updated:
Nine Mercantile Networks Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 25 November 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2021PTC372197. Its GSTIN is 27AAHCN9460F1Z6 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Rajesh Purohit and Mansi Mahesh Shinde.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.15 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹4.56 Lakh (net margin 0.5%) and EBITDA of ₹4.56 Lakh (EBITDA margin 0.5%).
Nine Mercantile Networks Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0182013).
Company details
CIN U51909MH2021PTC372197
Registration Number 372197
Incorporation Date 25 November 2021
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-MH-33-0182013
Recognitions & Rankings of Nine Mercantile Networks
Contact details
Nine Mercantile Networks Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address306 3rd Loor Plot 378/380 Matru Chhaya Building, Narsi Natha Street Katha Bazar Chinchbunder Masjid Station, Mumbai, Maharashtra, India – 400009
- IndustryTrading, Wholesale, Other Wholesale
To see the full contact details of Nine Mercantile Networks Private Limited, buy the company report.
Comprehensive company report
Nine Mercantile Networks Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Nine Mercantile Networks is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Nine Mercantile Networks Private Limited, buy the company report.
Financials of Nine Mercantile Networks Private Limited
FY 2025 filings availableNine Mercantile Networks Private Limited reported revenue of ₹9.15 Cr (up 37% YoY) for FY 2024.
Revenue · FY 2024
₹9.15 Cr ▲ 37%
Net profit · FY 2024
₹4.56 Lakh margin 0.5%
EBITDA · FY 2024
₹4.56 Lakh margin 0.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 37%
EBITDA CAGR growth
1 year
▲ 212%
Revenue rose 37% in the latest year. EBITDA rose 212% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | ₹4.56 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹4.56 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 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0.5% | ||
| Net Profit Margin | 0.5% | ||
| 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 Nine Mercantile Networks Private Limited, buy the company report.
Board of directors of Nine Mercantile Networks Private Limited
Nine Mercantile Networks has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Purohit | Director | 15 Sep 2025 | 1 Years 1 Months | Current |
| Mansi Mahesh Shinde Also directs: Unitrade Multiventures Private Limited | Director | 25 Nov 2024 | 1 Years 11 Months | Current |
| Nitin Dilip Varnarayan | Director | 11 Nov 2024 | 1 Years 11 Months | Current |
Peer comparison
Nine Mercantile Networks Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Analytica Foodtech Services Private Limited | ₹9.15 Cr (FY 2025) | -29.0% | Kolkata, West Bengal, India | |||
| Zeneeka Healthcare Private Limited | ₹9.15 Cr (FY 2025) | 27.0% | Panchkula, Haryana, India | |||
| Xetgo Private Limited | ₹9.15 Cr (FY 2025) | 175.0% | Bengaluru, Karnataka, India | |||
| Appropriate Clothing Tradex Private Limited | ₹9.15 Cr (FY 2018) | 74.0% | New Delhi, Delhi, India | |||
| Ajay Pharmaceuticals Pvt Ltd | ₹9.15 Cr (FY 2025) | 5.0% | Himachal Pradesh, India | |||
| Nine Mercantile Networks Private Limitedthis company | ₹9.15 Cr (FY 2024) | ₹4.56 Lakh | 0.5% | 37.0% | Mumbai, Maharashtra, India | |
| Shriv Medicare Private Limited | ₹9.15 Cr (FY 2024) | Chennai, Tamil Nadu, India | ||||
| Tara Fabrics India Limited | ₹9.15 Cr (FY 2025) | -5.0% | Delhi, India | |||
| Furniture Bazaar Private Limited | ₹9.15 Cr (FY 2024) | 27.0% | Jaipur, Rajasthan, India | |||
| Maxtra Global Private Limited | ₹9.14 Cr (FY 2024) | -19.0% | Indore, Madhya Pradesh, India | |||
| Av Dyeing & Printing Private Limited | ₹9.14 Cr (FY 2024) | 323448.0% | Delhi, India |
To see the full peer comparison of Nine Mercantile Networks Private Limited, buy the company report.
Auditor
Nine Mercantile Networks Private Limited is audited by GUPTA RR AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUPTA RR AND CO | FY 2023 | 600836 |
Shareholding
The shareholding of Nine Mercantile Networks Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Nine Mercantile Networks Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Nine Mercantile Networks 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 Nine Mercantile Networks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nine Mercantile Networks Private Limited has 1 active EPFO establishment as of Apr 03, 2024.
Active EPFO establishments
1
GST
Nine Mercantile Networks has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCN9460F1Z6 | Maharashtra | Active | 06 Jan 2022 |
To see the full GST registrations and return filing status of Nine Mercantile Networks Private Limited, buy the company report.
Recent activity
Nine Mercantile Networks Private Limited has 7 board changes on record since 2023: 3 appointments and 4 cessations. The latest: Rajesh Purohit was appointed as Director on 15 Sep 2025.
AGM
Nine Mercantile Networks Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Rajesh Purohit was appointed as Director.
Ceased
Virendra Jagmohan Nishad ceased to be Director.
Filing
Nine Mercantile Networks Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Hetal Satodia ceased to be Director.
Appointed
Mansi Mahesh Shinde was appointed as Director.
Appointed
Nitin Dilip Varnarayan was appointed as Director.
Ceased
Sadam Hasan Goel ceased to be Director.
Ceased
Hitesh Gordhanbhai Satodia ceased to be Director.
Incorporation
25 Nov 2021
Nine Mercantile Networks Private Limited was registered on 25 Nov 2021 with Roc Mumbai & aged 4 years 11 months as per MCA records.
Frequently asked questions
Nine Mercantile Networks is an active private limited company based in Mumbai, Maharashtra, India. The company works in wholesale, within the trading industry. It was incorporated on 25 November 2021 (5+ years old) and is registered under CIN U51909MH2021PTC372197.
Nine Mercantile Networks has 3 current directors:
- Rajesh Purohit - Director
- Mansi Mahesh Shinde - Director
- Nitin Dilip Varnarayan - Director
The latest financial statements of Nine Mercantile Networks 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 FY 2022 are in the company report.
The GSTIN of Nine Mercantile Networks is 27AAHCN9460F1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Nine Mercantile Networks is U51909MH2021PTC372197. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nine Mercantile Networks was incorporated on 25 November 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Nine Mercantile Networks by revenue are Analytica Foodtech Services Private Limited, Zeneeka Healthcare Private Limited, Xetgo Private Limited, Appropriate Clothing Tradex Private Limited, Ajay Pharmaceuticals Pvt Ltd and 5 more, all in the same principal business activity (wholesale trading).
Rajesh Purohit was appointed as Director on 15 Sep 2025. Virendra Jagmohan Nishad ceased to be Director on 13 Sep 2025. Hetal Satodia ceased to be Director on 25 Nov 2024. Nine Mercantile Networks has 7 board changes on record in total.
Yes, Nine Mercantile Networks is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0182013).
The registered office of Nine Mercantile Networks is at 306 3rd Loor Plot 378380 Matru Chhaya Building, Narsi Natha Street Katha Bazar Chinchbunder Masjid Station, Mumbai, Maharashtra, India – 400009.
Nine Mercantile Networks operates in the trading industry, in the wholesale segment.
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