AI Mercantile LLP
About AI Mercantile LLP
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AI Mercantile LLP is a limited liability partnership (LLP) based in Mumbai, Maharashtra, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 30 December 2017 and has been in existence for over 9 years.
The LLP is registered with the Registrar of Companies (ROC), Mumbai, under LLPIN AAL-5657. Its GSTIN is 27ABKFA7081J1Z2 (Maharashtra).
The LLP has a total obligation of contribution of ₹10 Lakh. It is led by designated partners Pawankumar Bhagwatilal Bhorawat and Kushal Bhorawat Pawankumar.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at B – 91 5th Floor Gyaneshwari Chs Ltd Peru Baug Aarey Road Goregoan (E), Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹35.44 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹18.66 Lakh (net margin 0.5%) and EBITDA of ₹15.74 Lakh (EBITDA margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 94% over five years.
As per MCA filings, the LLP has open charges of ₹9 Cr and satisfied charges of ₹5.28 Cr on record.
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- Registered AddressB – 91 5th Floor Gyaneshwari Chs Ltd Peru Baug Aarey Road Goregoan (E), Mumbai, Maharashtra, India – 400063
- IndustryMetals and Minerals, Metal Retail & Distribution
- 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
- One PDF report, delivered after checkout
Financials of AI Mercantile LLP FY 2025 filings available
AI Mercantile LLP reported revenue of ₹35.44 Cr (up 21% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of AI Mercantile LLP
Revenue has grown at a compounded annual rate (CAGR) of 94% over five years, including 21% growth in the latest year. EBITDA rose 84% 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 of AI Mercantile LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | ₹35.44 Cr | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹18.66 Lakh | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of AI Mercantile LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 0.5% | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form 8. The full year-wise statements and ratios of AI Mercantile are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Designated Partners of AI Mercantile LLP
AI Mercantile has 2 current designated partners and 1 former designated partner. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawankumar Bhagwatilal Bhorawat | Designated Partner | 06 Feb 2023 | 3 Years 8 Months | Current |
| Kushal Bhorawat Pawankumar Also directs: Thumpn Entertainment Private Limited | Designated Partner | 30 Dec 2017 | 8 Years 9 Months | Current |
Ownership and Shareholding of AI Mercantile LLP
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of AI Mercantile LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Mar 2025 | The Cosmos Co-Op Bank Ltd | ₹70 Lakh | Open |
| 29 Nov 2024 | Union Bank of India | ₹8 Cr | Open |
| 09 Jul 2024 | The Cosmos Co. Op. Bank Ltd | ₹30 Lakh | Open |
| 16 Oct 2020 | The Cosmos Co. Op. Bank Ltd | ₹28 Lakh | Satisfied |
| 03 Feb 2018 | The Cosmos Co. Op. Bank Ltd | ₹5 Cr | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at AI Mercantile LLP
Employment history and EPFO contributions of people linked to AI Mercantile.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on AI Mercantile LLP
AI Mercantile LLP has 2 designated partner changes on record since 2017: 2 appointments. The latest: Pawankumar Bhagwatilal Bhorawat was appointed as Designated Partner on 06 Feb 2023.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for AI Mercantile LLP
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by AI Mercantile LLP
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of AI Mercantile LLP
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of AI Mercantile LLP
AI Mercantile has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABKFA7081J1Z2 | Maharashtra | Active | 29 Jan 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of AI Mercantile LLP
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about AI Mercantile LLP
AI Mercantile is an active limited liability partnership based in Mumbai, Maharashtra, India. The LLP works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 30 December 2017 (9+ years old) and is registered under LLPIN AAL-5657.
AI Mercantile reported revenue of ₹35.44 Cr for FY 2023 (up 21% YoY).
AI Mercantile has 2 current designated partners:
- Pawankumar Bhagwatilal Bhorawat - Designated Partner
- Kushal Bhorawat Pawankumar - Designated Partner
AI Mercantile reported a net profit of ₹18.66 Lakh (net margin 0.5%) and EBITDA of ₹15.74 Lakh (EBITDA margin 0.4%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of AI Mercantile is 94% over five years. In the latest year (FY 2023) revenue rose 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of AI Mercantile is 27ABKFA7081J1Z2, registered in Maharashtra.
The LLPIN (Limited Liability Partnership Identification Number) of AI Mercantile is AAL-5657. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
AI Mercantile was incorporated on 30 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Pawankumar Bhagwatilal Bhorawat was appointed as Designated Partner on 06 Feb 2023. Kushal Bhorawat Pawankumar was appointed as Designated Partner on 30 Dec 2017.
The registered office of AI Mercantile is at B – 91 5th Floor Gyaneshwari Chs Ltd Peru Baug Aarey Road Goregoan E, Mumbai, Maharashtra, India – 400063.