Suyash Mercantile Private Limited
About Suyash Mercantile Private Limited
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Suyash Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 17 October 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24112MH1996PTC103374. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹11.42 Lakh. It was formerly known as Suyesh Mercantile Private Limited. It is led by directors including Kiran Kandoi and Bishaka Vivek Kandoi.
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 47 Chhotalal Bhawan418 Kalbandevi Rd, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.34 Lakh, a decline of 17% compared to the previous year. For the same year it recorded a net loss of ₹5.34 Lakh (net margin -27.6%) and EBITDA of -₹8.09 Lakh (EBITDA margin -41.8%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 2% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Suyash Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address47 Chhotalal Bhawan418 Kalbandevi Rd, Mumbai, Maharashtra, India – 400002
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Suyash 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 Suyash Mercantile is administrative and support service activities. In detail, this covers office administrative, office support and other business support activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Administrative and support service activities | 82 | Office administrative, office support and other business support activities |
To see the full business activity and turnover split of Suyash Mercantile Private Limited, buy the company report.
Financials of Suyash Mercantile Private Limited
FY 2025 filings availableSuyash Mercantile Private Limited reported revenue of ₹19.34 Lakh (down 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 17% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 337% 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 | -₹8.09 Lakh | ||||
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| Net Profit (PAT) | -₹5.34 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 | -41.8% | ||||
| Net Profit Margin | -27.6% | ||||
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To see the full financial statements and ratios of Suyash Mercantile Private Limited, buy the company report.
Board of directors of Suyash Mercantile Private Limited
Suyash Mercantile has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Kandoi Also directs: Lesha Merchants Pvt Ltd, Shiv Shankar Resources Ltd | Director | 22 Feb 2021 | 5 Years 8 Months | Current |
| Bishaka Vivek Kandoi Also directs: Lesha Merchants Pvt Ltd, Shiv Shankar Resources Ltd | Director | 19 Dec 2023 | 2 Years 10 Months | Current |
| Vivek Vinodkumar Kandoi Also directs: Lesha Merchants Pvt Ltd, Shiv Shankar Resources Ltd | Director | 18 Mar 2020 | 6 Years 7 Months | Current |
Auditor
Suyash Mercantile Private Limited is audited by R S SANGHAI & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R S SANGHAI & ASSOCIATES | FY 2020 | 109094W |
Shareholding
The shareholding of Suyash Mercantile Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Suyash Mercantile Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Suyash 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 Suyash Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Suyash Mercantile has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Suyash Mercantile Private Limited, buy the company report.
Recent activity
Suyash Mercantile Private Limited has 9 board changes on record since 2009: 3 appointments and 6 cessations. The latest: Bishaka Vivek Kandoi ceased to be Additional Director on 14 Jul 2024.
Frequently asked questions
Suyash Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 17 October 1996 (30+ years old) and is registered under CIN U24112MH1996PTC103374.
Suyash Mercantile has 3 current directors:
- Kiran Kandoi - Director
- Bishaka Vivek Kandoi - Director
- Vivek Vinodkumar Kandoi - Director
The latest financial statements of Suyash 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.
No. Suyash Mercantile has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Suyash Mercantile is U24112MH1996PTC103374. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Suyash Mercantile was incorporated on 17 October 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Bishaka Vivek Kandoi ceased to be Additional Director on 14 Jul 2024. Bishaka Vivek Kandoi was appointed as Director on 19 Dec 2023. Vinodkumar Banwarilal Kandoi ceased to be Director on 07 Dec 2023. Suyash Mercantile has 9 board changes on record in total.
The registered office of Suyash Mercantile is at 47 Chhotalal Bhawan418 Kalbandevi Rd, Mumbai, Maharashtra, India – 400002.
Suyash Mercantile operates in the financial services industry, in the diversified financial services segment.
The compliance status of Suyash Mercantile is compliant as of 03 September 2026. The company is actively filing with the Registrar of Companies.
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