MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0089325
Cheerful Commercial Private Limited
Cheerful Commercial Private Limited - metals and minerals in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹24.69 Cr
▼ 58% YoY
Net loss · FY 2025
₹2.61 Cr
Net margin -10.6%
EBITDA · FY 2025
₹5.05 Cr
EBITDA margin 20.4%
Authorised capital
₹1.3 Cr
Registered with MCA
Paid-up capital
₹1.01 Lakh
Issued & subscribed
Satisfied charges
₹2 Cr
No open charges
Company age
36 yrs
Est. 1990
Directors on board
2
As per MCA filings
About Cheerful Commercial Private Limited
Data last updated:
Cheerful Commercial Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 19 November 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1990PTC059029. Its GSTIN is 27AAACC1499A1ZZ (Maharashtra).
The company has an authorised share capital of ₹1.3 Cr and a paid-up capital of ₹1.01 Lakh. It was formerly known as Cheerful Commercial Limited and Cheerful Finance & Investments Pvt Ltd. It is led by directors Vandana Jatia (Managing Director) and Shyam Mahabirprasad Jatia.
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 G 12 Gr Floor Raheja Centre 214 Free Press Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.69 Cr, a decline of 58% compared to the previous year. For the same year it recorded a net loss of ₹2.61 Cr (net margin -10.6%) and EBITDA of ₹5.05 Cr (EBITDA margin 20.4%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 4% over five years.
As per MCA filings, the company has satisfied charges of ₹2 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹15 Lakh; the latest was in May 2019.
Cheerful Commercial Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0089325). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U65990MH1990PTC059029
Registration Number 059029
Incorporation Date 19 November 1990
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0089325
Name history
Cheerful Commercial has undergone 2 name changes throughout its history. The company was previously known as Cheerful Commercial Limited, and Cheerful Finance & Investments Pvt Ltd. The current legal name is Cheerful Commercial Private Limited.
| Company Name | Status |
|---|---|
| Cheerful Commercial Private Limited | Current |
| Cheerful Commercial Limited | Previous |
| Cheerful Finance & Investments Pvt Ltd | Previous |
Recognitions & Rankings of Cheerful Commercial
Contact details
Cheerful Commercial Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressG 12 Gr Floor Raheja Centre 214 Free Press Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Cheerful Commercial Private Limited, buy the company report.
Comprehensive company report
Cheerful Commercial Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Cheerful Commercial is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Cheerful Commercial Private Limited, buy the company report.
Financials of Cheerful Commercial Private Limited
FY 2025 filings availableCheerful Commercial Private Limited reported revenue of ₹24.69 Cr (down 58% YoY) for FY 2025.
Revenue · FY 2025
₹24.69 Cr ▼ 58%
Net loss · FY 2025
₹2.61 Cr margin -10.6%
EBITDA · FY 2025
₹5.05 Cr margin 20.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 58%
3 years · compounded
▼ 31%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▼ 51%
3 years · compounded
▼ 22%
5 years · compounded
▲ 1%
Revenue fell 58% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 51% 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 |
|---|---|---|---|---|---|
| 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 | ₹5.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.61 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.4% | ||||
| Net Profit Margin | -10.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Cheerful Commercial Private Limited, buy the company report.
Board of directors of Cheerful Commercial Private Limited
Cheerful Commercial has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shyam Mahabirprasad Jatia Also directs: Daaira Trading LLP, Manju Vidhan Agriculture Pvt Ltd, Apposite Trading Private Limited and 1 more | Director | 20 May 2013 | 13 Years 5 Months | Current |
| Vandana Jatia | Managing Director | 20 Jul 2001 | 25 Years 3 Months | Current |
Auditor
Cheerful Commercial Private Limited is audited by Mahara & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mahara & Associates | FY 2023 | 0143398W |
Shareholding
The shareholding of Cheerful Commercial Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cheerful Commercial Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2021 | 100520097 | Hdfc Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of Cheerful Commercial Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Cheerful Commercial Private Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹15 Lakh; the latest was in May 2019.
Total deals
6
Secondary share transfers
5
Funding round
1
Disclosed funding
₹15 Lakh
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2019 | Secondary share transfer | Undisclosed | Buyer: MDA Family Trust, Shyam Jatia Family Trust, Sai Family Trust Seller: 2 individuals |
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Shyam M Jatia Huf |
| Sep 2013 | Secondary share transfer | Undisclosed | Seller: Thacker and Company Limited |
| Apr 2010 | Secondary share transfer | Undisclosed | Buyer: Shyam M Jatia Huf, Apposite Trading Private Limited , 2 individuals Seller: Suma Commercial Private Limited , Ubiquitous Trading Private Limited , Suma & Sons |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Suma & Sons, S M Jatia HUF & Vandana S Jatia, an individual Seller: Chem Mach Private Limited , Suma Commercial Private Limited |
To see the full deal history of Cheerful Commercial Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cheerful Commercial Private Limited has 4 court cases on record: 3 filed by Cheerful Commercial, 1 filed against it. All cases are disposed.
Total cases
4
Filed by the company
3
Filed against the company
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| NCLT | 2 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Photogravurs India Private Limited and 3 others | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed against the company by Mahendra Investment Advisor Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Mahendra Investment Advisors and 3 others | Disposed |
To see the full case history of Cheerful Commercial Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cheerful Commercial Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Cheerful Commercial has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
GST
Cheerful Commercial has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC1499A1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cheerful Commercial Private Limited, buy the company report.
Recent activity
Cheerful Commercial Private Limited has 6 board changes on record since 2001: 4 appointments and 2 cessations. The latest: Vinod Jatiya ceased to be Director on 06 Feb 2019.
AGM
Cheerful Commercial Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Cheerful Commercial Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 09 Dec 2021 via Charge ID 100520097 with Hdfc Bank Limited was fully satisfied on 13 Jun 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.00 Cr with Charge ID 100520097 was registered on 09 Dec 2021.
Ceased
Vinod Jatiya ceased to be Director.
Appointed
Vinod Jatiya was appointed as Director.
Ceased
Ajay Kumar Mahabir Prasad Halan ceased to be Director.
Appointed
Shyam Mahabirprasad Jatia was appointed as Director.
Appointed
Ajay Kumar Mahabir Prasad Halan was appointed as Director.
Appointed
Vandana Jatia was appointed as Managing Director.
Incorporation
19 Nov 1990
Cheerful Commercial Private Limited was registered on 19 Nov 1990 with Roc Mumbai & aged 35 years 11 months as per MCA records.
Frequently asked questions
Cheerful Commercial is an active private limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 19 November 1990 (36+ years old) and is registered under CIN U65990MH1990PTC059029.
Cheerful Commercial has 2 current directors:
- Vandana Jatia - Managing Director
- Shyam Mahabirprasad Jatia - Director
The latest financial statements of Cheerful Commercial 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 Cheerful Commercial is 27AAACC1499A1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Cheerful Commercial is U65990MH1990PTC059029. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cheerful Commercial has 4 court cases on record: 3 filed by the company and 1 filed against it. Most are in the district courts.
Cheerful Commercial was incorporated on 19 November 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.
Cheerful Commercial has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹15 Lakh; the latest was in May 2019.
Vinod Jatiya ceased to be Director on 06 Feb 2019. Vinod Jatiya was appointed as Director on 22 Aug 2013. Ajay Kumar Mahabir Prasad Halan ceased to be Director on 01 Jul 2013. Cheerful Commercial has 6 board changes on record in total.
Yes, Cheerful Commercial is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0089325).
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages