Adinath Mercantile Private Limited
About Adinath Mercantile Private Limited
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Adinath Mercantile Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the financial exchanges segment of the financial services sector. It was incorporated on 06 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U05110MP2004PTC016306.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Naresh Vijayvergiya and Aastha Vijaywargiya.
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 50 Oscar Township Bicholi Hapsi Bypass Road, Indore, Madhya Pradesh, India – 452016.
As per the financials filed for FY 2025, the company reported a revenue of ₹22.72 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹8.28 Lakh (net margin -0.4%) and EBITDA of -₹8.28 Lakh (EBITDA margin -0.4%). Revenue has grown at a compounded annual rate (CAGR) of 122% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Adinath Mercantile Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address50 Oscar Township Bicholi Hapsi Bypass Road, Indore, Madhya Pradesh, India – 452016
- IndustryFinancial Services, Financial Exchanges
To see the full contact details of Adinath 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 Adinath Mercantile Private Limited
FY 2025 filings availableAdinath Mercantile Private Limited reported revenue of ₹22.72 Cr (up 19575% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 122% over five years. EBITDA fell 125% 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 | -₹8.28 Lakh | ||||
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| Net Profit (PAT) | -₹8.28 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 | -0.4% | ||||
| Net Profit Margin | -0.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Adinath Mercantile Private Limited, buy the company report.
Board of directors of Adinath Mercantile Private Limited
Adinath Mercantile has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Vijayvergiya | Director | 19 May 2010 | 16 Years 5 Months | Current |
| Aastha Vijaywargiya Also directs: Adinath Mercantile LLP, Jorko Commodities LLP | Director | 11 Apr 2024 | 2 Years 6 Months | Current |
Peer comparison
Adinath Mercantile Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Stock and Commodity Exchanges), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vinod Shares Limited | ₹31.46 Cr (FY 2025) | 2460.0% | Jodhpur, Rajasthan, India | |||
| Pitambar Commodity Futures Private Limited | ₹30.73 Cr (FY 2025) | 2604.0% | Jaipur, Rajasthan, India | |||
| Matalia Stock Broking Private Limited | ₹28.59 Cr (FY 2025) | 16.0% | Gandhinagar, Gujarat, India | |||
| Synergy Dealcom Private Limited | ₹28.01 Cr (FY 2025) | 3.0% | Bhubaneswar, Odisha, India | |||
| Vse Stock Services Limited | ₹26.51 Cr (FY 2025) | 28.0% | Vadodara, Gujarat, India | |||
| Adinath Mercantile Private Limitedthis company | ₹22.72 Cr (FY 2025) | -₹8.28 Lakh | -0.4% | 19575.0% | Indore, Madhya Pradesh, India | |
| Power Bulls Stock Broker Private Limited | ₹16.99 Cr (FY 2025) | 257.0% | Ludhiana, Punjab, India | |||
| Tradewell Holdings Limited | ₹9.45 Cr (FY 2025) | -71.0% | New Delhi, Delhi, India | |||
| National Spot Exchange Limited | ₹9.42 Cr (FY 2025) | 775.0% | Mumbai, Maharashtra, India | |||
| Parivar Forex Private Limited | ₹7.44 Cr (FY 2025) | -54.0% | Mumbai, Maharashtra, India | |||
| India International Exchange (Ifsc) Limited | ₹7.18 Cr (FY 2025) | 8.0% | Gandhinagar, Gujarat, India |
To see the full peer comparison of Adinath Mercantile Private Limited, buy the company report.
Auditor
Adinath Mercantile Private Limited is audited by SUBHASH CHAND JAIN ANURAG & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUBHASH CHAND JAIN ANURAG & ASSOCIATES | FY 2017 | 004733C |
Shareholding
The shareholding of Adinath 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 Adinath Mercantile Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Adinath 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 Adinath 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 Adinath Mercantile Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Adinath Mercantile Private Limited has 5 board changes on record since 2010: 2 appointments and 3 cessations. The latest: Aastha Vijaywargiya was appointed as Director on 11 Apr 2024.
Frequently asked questions
Adinath Mercantile is an active private limited company based in Indore, Madhya Pradesh, India. The company works in financial exchanges, within the financial services industry. It was incorporated on 06 January 2004 (22+ years old) and is registered under CIN U05110MP2004PTC016306.
Adinath Mercantile has 2 current directors:
- Naresh Vijayvergiya - Director
- Aastha Vijaywargiya - Director
The latest financial statements of Adinath 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 Adinath Mercantile is U05110MP2004PTC016306. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adinath Mercantile was incorporated on 06 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Adinath Mercantile by revenue are Vinod Shares Limited, Pitambar Commodity Futures Private Limited, Matalia Stock Broking Private Limited, Synergy Dealcom Private Limited, Vse Stock Services Limited and 5 more, all in the BFSI industry (Stock and Commodity Exchanges).
Aastha Vijaywargiya was appointed as Director on 11 Apr 2024. Kalpanadevi Vijayvargiya ceased to be Director on 11 Apr 2024. Anand Kumar Sethiya ceased to be Director on 09 Jun 2010. Adinath Mercantile has 5 board changes on record in total.
The registered office of Adinath Mercantile is at 50 Oscar Township Bicholi Hapsi Bypass Road, Indore, Madhya Pradesh, India – 452016.
Adinath Mercantile operates in the financial services industry, in the financial exchanges segment.
The compliance status of Adinath Mercantile is compliant as of 09 July 2026. The company is actively filing with the Registrar of Companies.
Adinath Mercantile can be reached at its registered office: 50 Oscar Township Bicholi Hapsi Bypass Road, Indore, Madhya Pradesh, India – 452016.
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