Apace Meruit Private Limited
About Apace Meruit Private Limited
Data last updated:
Apace Meruit Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the retail trade segment of the home appliances and consumer durables sector. It was incorporated on 29 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U52110KA2017PTC105941.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Pradeep Mukim and Rachana Sachdev.
Its last annual general meeting (AGM) was held on 29 April 2023, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 397/1 Parvathi Nilaya Subbayana Palya Extension Banaswadi Main Road, Bangalore, Karnataka, India – 560033.
As per the financials filed for FY 2021, the company reported a revenue of ₹54.29 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.96 Cr (net margin -3.6%) and EBITDA of ₹18.3 Lakh (EBITDA margin 0.3%).
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address397/1 Parvathi Nilaya Subbayana Palya Extension Banaswadi Main Road, Bangalore, Karnataka, India – 560033
- IndustryHome Appliances, Retailers, Non Specialized Stores
- 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
Business Activity of Apace Meruit Private Limited
The main business activity of Apace Meruit is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Apace Meruit Private Limited FY 2021 filings available
Apace Meruit Private Limited reported revenue of ₹54.29 Cr (up 211% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Apace Meruit Private Limited
Revenue rose 211% in the latest year. EBITDA rose 105% 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 Apace Meruit Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | ₹18.3 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.96 Cr | •••• | •••• | •••• |
| Balance Sheet | ||||
| Share Capital | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• |
Financial Ratios of Apace Meruit Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 0.3% | •••• | •••• | •••• |
| Net Profit Margin | -3.6% | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• |
| Liquidity and Debt | ||||
| Current Ratio | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• |
| Efficiency and Growth | ||||
| Asset Turnover | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• |
| Net 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 AOC-4. The full year-wise statements and ratios of Apace Meruit 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.
Board of Directors of Apace Meruit Private Limited
Apace Meruit has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Mukim | Director | 29 Aug 2017 | 9 Years 1 Months | Current |
| Rachana Sachdev | Director | 29 Aug 2017 | 9 Years 1 Months | Current |
Peer Comparison of Apace Meruit Private Limited
Apace Meruit Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Footwear Retail and Distribution, Textile Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sri Lakshmi Saraswathi Cotspin Private Limited | ₹54.88 Cr (FY 2021) | •••• | •••• | -64.0% | •••• | Chennai, Tamil Nadu, India |
| Shruti Fastners Private Limited | ₹54.85 Cr (FY 2025) | •••• | •••• | 101.0% | •••• | New Delhi, Delhi, India |
| Shiv Shankar Fab Yarns Private Limited | ₹54.56 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Amritsar, Punjab, India |
| Zaimus Trends Private Limited | ₹54.31 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Coimbatore, Tamil Nadu, India |
| Yarn Syndicate Ltd Listed | ₹54.3 Cr (FY 2025) | •••• | •••• | 988.0% | •••• | Ahmedabad, Gujarat, India |
| Apace Meruit Private Limited this company | ₹54.29 Cr (FY 2021) | •••• | •••• | 211.0% | •••• | Bangalore, Karnataka, India |
| Wadhwania Sports & Fashions Private Limited | ₹54.14 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Tulsi Cotex Private Limited | ₹54 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Kolkata, West Bengal, India |
| Chunnilal Megamart Private Limited | ₹53.95 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Kolkata, West Bengal, India |
| Radharaman Synthetics Private Limited | ₹53.76 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Surat, Gujarat, India |
| A. P. Yarns Private Limited | ₹53.62 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Varanasi, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Apace Meruit by revenue in the Consumer Products industry (Footwear Retail and Distribution, Textile Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Apace Meruit Private Limited
Apace Meruit Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Apace Meruit Private Limited
Employment history and EPFO contributions of people linked to Apace Meruit.
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 Apace Meruit Private Limited
Apace Meruit Private Limited has 6 board changes on record since 2017: 4 appointments and 2 cessations. The latest: Biswajit Sahu ceased to be Director on 01 Oct 2024.
Credit Ratings, Litigation & Regulatory Alerts for Apace Meruit Private Limited
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 Apace Meruit Private Limited
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 Apace Meruit Private Limited
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 Apace Meruit Private Limited
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 Apace Meruit Private Limited
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 Apace Meruit Private Limited
Apace Meruit is an active private limited company based in Bangalore, Karnataka, India. The company works in retailers, within the home appliances industry. It was incorporated on 29 August 2017 (9+ years old) and is registered under CIN U52110KA2017PTC105941.
Apace Meruit reported revenue of ₹54.29 Cr for FY 2021 (up 211% YoY).
Apace Meruit has 2 current directors:
- Pradeep Mukim - Director
- Rachana Sachdev - Director
Apace Meruit reported a net loss of ₹1.96 Cr (net margin -3.6%) and EBITDA of ₹18.3 Lakh (EBITDA margin 0.3%) for FY 2021, as per its filed financial statements.
The CIN (Corporate Identification Number) of Apace Meruit is U52110KA2017PTC105941. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Apace Meruit was incorporated on 29 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Apace Meruit by revenue are Sri Lakshmi Saraswathi Cotspin Private Limited, Shruti Fastners Private Limited, Shiv Shankar Fab Yarns Private Limited, Zaimus Trends Private Limited, Yarn Syndicate Ltd and 5 more, all in the Consumer Products industry (Footwear Retail and Distribution, Textile Retail and Distribution).
Biswajit Sahu ceased to be Director on 01 Oct 2024. Satyaranjan Jena ceased to be Director on 01 Oct 2024. Biswajit Sahu was appointed as Director on 30 Oct 2023. Apace Meruit has 6 board changes on record in total.
The registered office of Apace Meruit is at 3971 Parvathi Nilaya Subbayana Palya Extension Banaswadi Main Road, Bangalore, Karnataka, India – 560033.
Apace Meruit has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh.
Apace Meruit operates in the home appliances industry, in the retailers segment.