Badal Mercantile Private Limited
About Badal Mercantile Private Limited
Data last updated:
Badal Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 26 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2010PTC201331. Its GSTIN is 27AAECB0716H1Z0 (Maharashtra).
The company has an authorised share capital of ₹42.5 Lakh and a paid-up capital of ₹38.25 Lakh. It is led by directors Ashish Bharadia and Pawan Kumar Varma.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.56 Lakh, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹3.34 Cr and EBITDA of ₹4.11 Lakh (EBITDA margin 90.2%). Revenue has declined at a compounded annual rate (CAGR) of 64% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressOffice No. 1114 11th Floor Corporate Annex, Sonawala Road Goregaon East, Mumbai, Maharashtra, India – 400063
- IndustryFinancial Services, Financial Activities
- 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 Badal Mercantile Private Limited FY 2025 filings available
Badal Mercantile Private Limited reported revenue of ₹4.56 Lakh (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Badal Mercantile Private Limited
Revenue rose 8% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 64%. EBITDA rose 9% 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 Badal Mercantile Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹4.11 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.34 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 Badal Mercantile Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 90.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Badal Mercantile are in the company report.
Financial statements from 2015
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 Badal Mercantile Private Limited
Badal Mercantile has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Bharadia Also directs: Shikhargiri Mining Developers Private Limited, Vidhi Mercantile Private Limited, Harshita Mercantile Private Limited and 5 more | Director | 06 Aug 2018 | 8 Years 2 Months | Current |
| Pawan Kumar Varma Also directs: Shikhargiri Mining Developers Private Limited, Vidhi Mercantile Private Limited, Harshita Mercantile Private Limited and 5 more | Director | 06 Aug 2018 | 8 Years 2 Months | Current |
Auditor Details of Badal Mercantile Private Limited
Badal Mercantile Private Limited is audited by B.M. GATTANI & CO. for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B.M. GATTANI & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Badal Mercantile Private Limited
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 Badal Mercantile Private Limited
Badal Mercantile Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Badal Mercantile Private Limited
Employment history and EPFO contributions of people linked to Badal 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.
Group Structure of Badal Mercantile Private Limited
Badal Mercantile has 2 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
Recent Activity on Badal Mercantile Private Limited
Badal Mercantile Private Limited has 9 board changes on record since 2010: 2 appointments and 7 cessations. The latest: Raj Kumar Jagetia ceased to be Director on 31 Mar 2022.
Credit Ratings, Litigation & Regulatory Alerts for Badal Mercantile 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 Badal Mercantile 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 Badal Mercantile 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 Badal Mercantile Private Limited
Badal Mercantile has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECB0716H1Z0 | Maharashtra | Active | 08 Oct 2021 |
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 Badal Mercantile 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 Badal Mercantile Private Limited
Badal Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in financial activities, within the financial services industry. It was incorporated on 26 March 2010 (16+ years old) and is registered under CIN U51909MH2010PTC201331.
Badal Mercantile reported revenue of ₹4.56 Lakh for FY 2025 (up 8% YoY).
Badal Mercantile has 2 current directors:
- Ashish Bharadia - Director
- Pawan Kumar Varma - Director
Badal Mercantile reported a net profit of ₹3.34 Cr and EBITDA of ₹4.11 Lakh (EBITDA margin 90.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Badal Mercantile is -64% over three years. In the latest year (FY 2025) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Badal Mercantile is 27AAECB0716H1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Badal Mercantile is U51909MH2010PTC201331. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Badal Mercantile was incorporated on 26 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Raj Kumar Jagetia ceased to be Director on 31 Mar 2022. Rajkumar Gulabchand Ladniya ceased to be Director on 31 May 2019. Ashish Bharadia ceased to be Additional Director on 30 Sep 2018. Badal Mercantile has 9 board changes on record in total.
The registered office of Badal Mercantile is at Office No. 1114 11th Floor Corporate Annex, Sonawala Road Goregaon East, Mumbai, Maharashtra, India – 400063.