About Adhit Mercantile Private Limited
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Adhit Mercantile Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 05 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH2015PTC262484. Its GSTIN is 27AANCA4389A1ZL (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Rekha Mahendra Pawar and Chandra Bhushan Nandlal Panday.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Office No 320 3rd Floor Arenja Corner Plot No 71 Sector 17 Vashi, Navi Mumbai, Maharashtra, India – 400703.
As per the financials filed for FY 2021, the company reported a revenue of ₹244.1 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹20.71 Lakh (net margin -0.1%) and EBITDA of -₹20.55 Lakh (EBITDA margin -0.1%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 187% over five years.
Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adhitmercantile.com.
Company details
Contact details
Adhit Mercantile Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is adhitmercantile.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOffice No 320 3rd Floor Arenja Corner Plot No 71 Sector 17 Vashi, Navi Mumbai, Maharashtra, India – 400703
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Adhit 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 Adhit 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 Adhit Mercantile Private Limited, buy the company report.
Financials of Adhit Mercantile Private Limited
FY 2021 filings availableAdhit Mercantile Private Limited reported revenue of ₹244.1 Cr (up 7% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 187% over five years, including 7% growth in the latest year. EBITDA fell 889% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹244.1 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹20.55 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹20.71 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.1% | ||||
| Net Profit Margin | -0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Adhit Mercantile Private Limited, buy the company report.
Board of directors of Adhit Mercantile Private Limited
Adhit Mercantile has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rekha Mahendra Pawar Also directs: Aahari Impex Private Limited | Director | 30 Apr 2015 | 11 Years 6 Months | Current |
| Chandra Bhushan Nandlal Panday Also directs: Aahari Impex Private Limited | Director | 30 Apr 2015 | 11 Years 6 Months | Current |
Peer comparison
Adhit Mercantile Private Limited is compared with the 10 companies closest to it by revenue in the Consumer Products industry (Textile 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 |
|---|---|---|---|---|---|---|
| Bajaj Poly Yarns Private Limited | ₹250.08 Cr (FY 2020) | 15.0% | New Delhi, Delhi, India | |||
| Inventech Tradexim Private Limited | ₹249.84 Cr (FY 2018) | 80.0% | Delhi, India | |||
| V B Texfab Private Limited | ₹248.15 Cr (FY 2025) | 1.0% | Kanpur, Uttar Pradesh, India | |||
| Hem Raj Bodh Raj Yarns Private Limited | ₹246.15 Cr (FY 2025) | -15.0% | Ludhiana, Punjab, India | |||
| Hilotex International Private Limited | ₹244.55 Cr (FY 2025) | -15.0% | Surat, Gujarat, India | |||
| Adhit Mercantile Private Limitedthis company | ₹244.1 Cr (FY 2021) | -₹20.71 Lakh | -0.1% | 7.0% | Navi Mumbai, Maharashtra, India | |
| Patel Cot Gin Private Limited | ₹241.46 Cr (FY 2025) | -2.0% | Junagadh, Gujarat, India | |||
| Dreamdelta Industries Private Limited | ₹238.67 Cr (FY 2025) | 36.0% | Surat, Gujarat, India | |||
| Lifelong Hirise Private Limited | ₹237.56 Cr (FY 2025) | 19.0% | Surat, Gujarat, India | |||
| Bharat Tradelink Private Limited | ₹235.44 Cr (FY 2025) | 27.0% | Surat, Gujarat, India | |||
| Tushar Fabrics Private Limited | ₹235.27 Cr (FY 2024) | -21.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Adhit Mercantile Private Limited, buy the company report.
Auditor
Adhit Mercantile Private Limited is audited by K S P M & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K S P M & ASSOCIATES | FY 2021 | 104723W |
Shareholding
The shareholding of Adhit Mercantile Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adhit Mercantile Private Limited, buy the company report.
Legal cases
Adhit Mercantile Private Limited has 3 court cases on record: 3 filed by Adhit Mercantile. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (COMEX) | Filed by the company against Citron Infraprojects Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Adhit 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 Adhit Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Adhit Mercantile has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AANCA4389A1ZL | Maharashtra | Active | 01 Jul 2017 |
| 23AANCA4389A1ZT | Madhya Pradesh | Active | 01 Dec 2019 |
| 08AANCA4389A1ZL | Rajasthan | Active | 01 Jan 2021 |
To see the full GST registrations and return filing status of Adhit Mercantile Private Limited, buy the company report.
Recent activity
Adhit Mercantile Private Limited has 6 board changes on record since 2015: 2 appointments and 4 cessations. The latest: Chandra Bhushan Nandlal Panday ceased to be Additional Director on 29 Sep 2016.
Frequently asked questions
Adhit Mercantile is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 05 March 2015 (11+ years old) and is registered under CIN U51900MH2015PTC262484.
Adhit Mercantile has 2 current directors:
- Rekha Mahendra Pawar - Director
- Chandra Bhushan Nandlal Panday - Director
The latest financial statements of Adhit Mercantile on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Adhit Mercantile is 27AANCA4389A1ZL, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 23AANCA4389A1ZT (Madhya Pradesh), 08AANCA4389A1ZL (Rajasthan).
The CIN (Corporate Identification Number) of Adhit Mercantile is U51900MH2015PTC262484. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adhit Mercantile has 3 court cases on record: 3 filed by the company. 1 is pending. Most are in the district courts.
Adhit Mercantile was incorporated on 05 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Adhit Mercantile by revenue are Bajaj Poly Yarns Private Limited, Inventech Tradexim Private Limited, V B Texfab Private Limited, Hem Raj Bodh Raj Yarns Private Limited, Hilotex International Private Limited and 5 more, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Chandra Bhushan Nandlal Panday ceased to be Additional Director on 29 Sep 2016. Rekha Mahendra Pawar ceased to be Additional Director on 29 Sep 2016. Tejal Kondlekar ceased to be Director on 06 May 2015. Adhit Mercantile has 6 board changes on record in total.
Adhit Mercantile can be reached through the website adhitmercantile.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The registered office of Adhit Mercantile is at Office No 320 3rd Floor Arenja Corner Plot No 71 Sector 17 Vashi, Navi Mumbai, Maharashtra, India – 400703.
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