Badal Mercantile Private Limited
About Badal Mercantile Private Limited
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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.
Company details
Contact details
Badal Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressOffice No. 1114 11th Floor Corporate Annex, Sonawala Road Goregaon East, Mumbai, Maharashtra, India – 400063
- IndustryFinancial Services, Financial Activities
To see the full contact details of Badal 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 Badal Mercantile Private Limited
FY 2025 filings availableBadal Mercantile Private Limited reported revenue of ₹4.56 Lakh (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹4.11 Lakh | ||||
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| Net Profit (PAT) | ₹3.34 Cr | ||||
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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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| EBITDA Margin | 90.2% | ||||
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To see the full financial statements and ratios of Badal Mercantile Private Limited, buy the company report.
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
Badal Mercantile Private Limited is audited by B.M. GATTANI & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.M. GATTANI & CO. | FY 2017 | 47066 |
Shareholding
The shareholding of Badal 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 Badal Mercantile Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Badal 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 Badal Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
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.
GST
Badal Mercantile has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECB0716H1Z0 | Maharashtra | Active | 08 Oct 2021 |
To see the full GST registrations and return filing status of Badal Mercantile Private Limited, buy the company report.
Recent activity
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.
Frequently asked questions
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 has 2 current directors:
- Ashish Bharadia - Director
- Pawan Kumar Varma - Director
The latest financial statements of Badal 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 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.
Badal Mercantile operates in the financial services industry, in the financial activities segment.
The compliance status of Badal Mercantile is compliant as of 27 July 2026. The company is actively filing with the Registrar of Companies.