
Combined Merchants Private Limited
About Combined Merchants Private Limited
Data last updated:
Combined Merchants Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the wholesale trading and distribution segment of the business services sector. It was incorporated on 03 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51101WB2010PTC150186.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Santosh Agarwal and Subham Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 248 Russa Road, Kolkata, West Bengal, India – 700033.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.07 Lakh, a growth of 118% compared to the previous year. For the same year it recorded a net profit of ₹11.43 Lakh (net margin 34.6%) and EBITDA of ₹12.64 Lakh (EBITDA margin 38.2%). Revenue has grown at a compounded annual rate (CAGR) of 53% over three years and 84% over five years.
As per MCA filings, the company has open charges of ₹2 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Combined Merchants Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address248 Russa Road, Kolkata, West Bengal, India – 700033
- IndustryBusiness Services, Wholesale, Live Animal, Contractual Work, Commission Agents Dealing In Agricultural Raw Material
To see the full contact details of Combined Merchants 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
Business activity
The main business activity of Combined Merchants is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
Financials of Combined Merchants Private Limited
FY 2024 filings availableCombined Merchants Private Limited reported revenue of ₹33.07 Lakh (up 118% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 84% over five years, including 118% growth 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹12.64 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.43 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.2% | ||||
| Net Profit Margin | 34.6% | ||||
| 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 Combined Merchants Private Limited, buy the company report.
Board of directors of Combined Merchants Private Limited
Combined Merchants has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santosh Agarwal | Director | 30 Oct 2010 | 16 Years 0 Months | Current |
| Subham Agarwal | Director | 27 Apr 2011 | 15 Years 6 Months | Current |
Peer comparison
Combined Merchants Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Puratham Milk Private Limited | ₹33.08 Lakh (FY 2017) | Chennai, Tamil Nadu, India | ||||
| Bluestar Lifecare Private Limited | ₹33.08 Lakh (FY 2025) | 277.0% | Mumbai, Maharashtra, India | |||
| Sonth Kashmir Private Limited | ₹33.08 Lakh (FY 2024) | 39.0% | Srinagar, Jammu and Kashmir, India | |||
| Narayanmaya Private Limited | ₹33.07 Lakh (FY 2021) | 138.0% | Jaipur, Rajasthan, India | |||
| Combined Merchants Private Limitedthis company | ₹33.07 Lakh (FY 2024) | ₹11.43 Lakh | 34.6% | 118.0% | Kolkata, West Bengal, India | |
| Divyash Automation Private Limited | ₹33.07 Lakh (FY 2024) | 309.0% | Bengaluru, Karnataka, India | |||
| Bluevillage Kovalam Private Limited | ₹33.07 Lakh (FY 2025) | 48.0% | Thiruvananthapuram, Kerala, India | |||
| Black One Horn Solutions Private Limited | ₹33.07 Lakh (FY 2018) | Guwahati, Assam, India | ||||
| Punj Agro Farms Private Limited | ₹33.06 Lakh (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| New-Way Parivahan Private Limited | ₹33.05 Lakh (FY 2025) | 1553.0% | Kolkata, West Bengal, India | |||
| Regularwants Private Limited | ₹33.05 Lakh (FY 2022) | 924.0% | Delhi, India |
To see the full peer comparison of Combined Merchants Private Limited, buy the company report.
Auditor
Combined Merchants Private Limited is audited by SANJAY KHANDELWAL AND CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJAY KHANDELWAL AND CO | FY 2017 | 054451 |
Shareholding
The shareholding of Combined Merchants Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Combined Merchants Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Oct 2023 | 100790151 | Others | ₹2 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Combined Merchants 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 Combined Merchants Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Combined Merchants Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Combined Merchants Private Limited has 6 board changes on record since 2010: 2 appointments and 4 cessations. The latest: Chhote Lal Gupta ceased to be Director on 25 Jan 2012.
Frequently asked questions
Combined Merchants is an active private limited company based in Kolkata, West Bengal, India. The company works in wholesale, within the business services industry. It was incorporated on 03 June 2010 (16+ years old) and is registered under CIN U51101WB2010PTC150186.
Combined Merchants has 2 current directors:
- Santosh Agarwal - Director
- Subham Agarwal - Director
The latest financial statements of Combined Merchants on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Combined Merchants is U51101WB2010PTC150186. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Combined Merchants was incorporated on 03 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Combined Merchants by revenue are Puratham Milk Private Limited, Bluestar Lifecare Private Limited, Sonth Kashmir Private Limited, Narayanmaya Private Limited, Divyash Automation Private Limited and 5 more, all in the same principal business activity (retail trading).
Chhote Lal Gupta ceased to be Director on 25 Jan 2012. Ved Prakash Mittal ceased to be Director on 25 Jan 2012. Subham Agarwal was appointed as Director on 27 Apr 2011. Combined Merchants has 6 board changes on record in total.
The registered office of Combined Merchants is at 248 Russa Road, Kolkata, West Bengal, India – 700033.
Combined Merchants operates in the business services industry, in the wholesale segment.
Combined Merchants has open charges of ₹2 Cr and no satisfied charges on record as per latest MCA filings.
The compliance status of Combined Merchants is compliant as of 10 July 2026. The company is actively filing with the Registrar of Companies.

