Sedate Mercantile Private Limited
About Sedate Mercantile Private Limited
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Sedate Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 05 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51494MH2011PTC220562.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20.6 Lakh. It is led by directors Romil Shah and Smitesh Shah.
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 Unit No.1806 – A 18th Panchratna Chs Ltd 21 Mama Parmanand Marg Opera House, Mumbai, Maharashtra, India – 400004.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.68 Lakh, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹86,320 (net margin 8.9%) and EBITDA of ₹1.02 Lakh (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 2% over five years.
Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sedate 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 AddressUnit No.1806 – A 18th Panchratna Chs Ltd 21 Mama Parmanand Marg Opera House, Mumbai, Maharashtra, India – 400004
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Sedate 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 Sedate Mercantile 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 Sedate Mercantile Private Limited, buy the company report.
Financials of Sedate Mercantile Private Limited
FY 2025 filings availableSedate Mercantile Private Limited reported revenue of ₹9.68 Lakh (down 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 19% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.02 Lakh | ||||
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| Net Profit (PAT) | ₹86,320 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.6% | ||||
| Net Profit Margin | 8.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Sedate Mercantile Private Limited, buy the company report.
Board of directors of Sedate Mercantile Private Limited
Sedate Mercantile has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Romil Shah | Director | 05 Aug 2011 | 15 Years 2 Months | Current |
| Smitesh Shah Also directs: Cyano IT Services Private Limited, Biofil Chemicals and Pharmaceuticals Limited, Antsy Trading Company Private Limited and 3 more | Director | 05 Aug 2011 | 15 Years 2 Months | Current |
Peer comparison
Sedate Mercantile Private Limited is compared with the 5 companies closest to it by revenue in the Pharma industry (Pharma Retail and Distribution), with 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 |
|---|---|---|---|---|---|---|
| Vraxy Health Care Private Limited | ₹9.8 Lakh (FY 2021) | -49.0% | Bhopal, Madhya Pradesh, India | |||
| Cardinal Animal Healthcare Private Limited | ₹9.68 Lakh (FY 2025) | -25.0% | Mumbai, Maharashtra, India | |||
| Sedate Mercantile Private Limitedthis company | ₹9.68 Lakh (FY 2024) | ₹86,320 | 8.9% | -10.0% | Mumbai, Maharashtra, India | |
| Velox Remedies Private Limited | ₹9.67 Lakh (FY 2018) | -17.0% | Mumbai, Maharashtra, India | |||
| Salutary Pharmaceuticals Private Limited | ₹9.67 Lakh (FY 2025) | -12.0% | Lucknow, Uttar Pradesh, India | |||
| Shamroha Lifesciences Private Limited | ₹9.66 Lakh (FY 2024) | -1.0% | New Delhi, Delhi, India |
To see the full peer comparison of Sedate Mercantile Private Limited, buy the company report.
Auditor
Sedate Mercantile Private Limited is audited by Sethiya Khandelwal & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sethiya Khandelwal & Co | FY 2023 | 004058C |
Shareholding
The shareholding of Sedate Mercantile Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sedate Mercantile Private Limited, buy the company report.
Legal cases
Sedate Mercantile Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed against the company by an individual | Pending |
| Supreme Court | Court case | Filed against the company by an individual | Disposed |
To see the full case history of Sedate 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 Sedate 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 Sedate Mercantile Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sedate Mercantile Private Limited has 2 board changes on record since 2011: 2 appointments. The latest: Romil Shah was appointed as Director on 05 Aug 2011.
Frequently asked questions
Sedate Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 05 August 2011 (15+ years old) and is registered under CIN U51494MH2011PTC220562.
Sedate Mercantile has 2 current directors:
- Romil Shah - Director
- Smitesh Shah - Director
The latest financial statements of Sedate 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 Sedate Mercantile is U51494MH2011PTC220562. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sedate Mercantile has 2 court cases on record: 2 filed against it. 1 is pending.
Sedate Mercantile was incorporated on 05 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Sedate Mercantile by revenue are Vraxy Health Care Private Limited, Cardinal Animal Healthcare Private Limited, Velox Remedies Private Limited, Salutary Pharmaceuticals Private Limited, Shamroha Lifesciences Private Limited, all in the Pharma industry (Pharma Retail and Distribution), with the same principal business activity (wholesale trading).
Romil Shah was appointed as Director on 05 Aug 2011. Smitesh Shah was appointed as Director on 05 Aug 2011.
The registered office of Sedate Mercantile is at Unit No.1806 – A 18th Panchratna Chs Ltd 21 Mama Parmanand Marg Opera House, Mumbai, Maharashtra, India – 400004.
Sedate Mercantile operates in the pharma industry, in the pharmaceutical retailers and distributors segment.
The compliance status of Sedate Mercantile is compliant as of 16 August 2026. The company is actively filing with the Registrar of Companies.
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