Sethi Mercantile Private Limited
About Sethi Mercantile Private Limited
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Sethi Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the wholesale distribution segment of the trading and commerce sector. It was incorporated on 20 October 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2004PTC149178.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Varij Surendrakumar Sethi and Surendra Kumar Baboolalji Sethi.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Yusuf Bldg 1st Floor Room No 15 Abdul Rehman Street, Mumbai, Maharashtra, India – 400003.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.49 Lakh, a decline of 28% compared to the previous year. For the same year it recorded a net profit of ₹1.17 Lakh (net margin 78.7%) and EBITDA of ₹1.17 Lakh (EBITDA margin 78.7%). Revenue has grown at a compounded annual rate (CAGR) of 56% over three years and 22% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sethi Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressYusuf Bldg 1st Floor Room No 15 Abdul Rehman Street, Mumbai, Maharashtra, India – 400003
- IndustryTrading, Other Wholesale, Wholesale
To see the full contact details of Sethi 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
Financials of Sethi Mercantile Private Limited
FY 2025 filings availableSethi Mercantile Private Limited reported revenue of ₹1.49 Lakh (down 28% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 28% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA rose 74% 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 | ₹1.17 Lakh | ||||
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| Net Profit (PAT) | ₹1.17 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 78.7% | ||||
| Net Profit Margin | 78.7% | ||||
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To see the full financial statements and ratios of Sethi Mercantile Private Limited, buy the company report.
Board of directors of Sethi Mercantile Private Limited
Sethi Mercantile has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varij Surendrakumar Sethi | Director | 20 Oct 2004 | 22 Years 0 Months | Current |
| Surendra Kumar Baboolalji Sethi | Director | 20 Oct 2004 | 22 Years 0 Months | Current |
Auditor
Sethi Mercantile Private Limited is audited by OMPRAKASH DUBEY & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| OMPRAKASH DUBEY & CO | FY 2017 | 139219W |
Shareholding
The shareholding of Sethi 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 Sethi Mercantile Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sethi Mercantile 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 Sethi 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 Sethi Mercantile Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sethi Mercantile Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Surendra Kumar Baboolalji Sethi was appointed as Director on 20 Oct 2004.
Frequently asked questions
Sethi Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in other wholesale, within the trading industry. It was incorporated on 20 October 2004 (22+ years old) and is registered under CIN U51909MH2004PTC149178.
Sethi Mercantile has 2 current directors:
- Varij Surendrakumar Sethi - Director
- Surendra Kumar Baboolalji Sethi - Director
The latest financial statements of Sethi Mercantile on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sethi Mercantile is U51909MH2004PTC149178. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sethi Mercantile was incorporated on 20 October 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Surendra Kumar Baboolalji Sethi was appointed as Director on 20 Oct 2004. Varij Surendrakumar Sethi was appointed as Director on 20 Oct 2004.
The registered office of Sethi Mercantile is at Yusuf Bldg 1st Floor Room No 15 Abdul Rehman Street, Mumbai, Maharashtra, India – 400003.
Sethi Mercantile operates in the trading industry, in the other wholesale segment.
The compliance status of Sethi Mercantile is compliant as of 18 September 2026. The company is actively filing with the Registrar of Companies.
Sethi Mercantile can be reached at its registered office: Yusuf Bldg 1st Floor Room No 15 Abdul Rehman Street, Mumbai, Maharashtra, India – 400003.