Decent Mercantile Private Limited
About Decent Mercantile Private Limited
Data last updated:
Decent Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 16 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51109MH2008PTC303556. Its GSTIN is 27AACCD8242J1ZI (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹38 Lakh and a paid-up capital of ₹37.25 Lakh. It is led by directors Ashish Kumar Verma and Mahendra Kumar Verma.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹43,407, a decline of 61% compared to the previous year. For the same year it recorded a net loss of ₹1.61 Lakh (net margin -370.9%) and EBITDA of -₹97,483 (EBITDA margin -224.6%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 37% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Decent Mercantile has one previous CIN (Corporate Identification Number): U51109WB2008PTC121795. The current CIN is U51109MH2008PTC303556, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109MH2008PTC303556 | Current |
| U51109WB2008PTC121795 | Previous |
Contact details
Decent Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address403 Jade Gardens Wing – G Gandhi Nagar Behind Mig Club Bandra (E, ), Mumbai, Maharashtra, India – 400051
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Decent 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
Business activity
The main business activity of Decent Mercantile is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Decent Mercantile Private Limited, buy the company report.
Financials of Decent Mercantile Private Limited
FY 2026 filings availableDecent Mercantile Private Limited reported revenue of ₹43,407 (down 61% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 61% fall in the latest year. EBITDA rose 96% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹43,407 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹97,483 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.61 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -224.6% | ||||
| Net Profit Margin | -370.9% | ||||
| 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 Decent Mercantile Private Limited, buy the company report.
Board of directors of Decent Mercantile Private Limited
Decent Mercantile has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Kumar Verma | Director | 18 Jul 2011 | 15 Years 3 Months | Current |
| Mahendra Kumar Verma Also directs: Akg Propmart Private Limited, Vishva Vedanta Education Foundation | Director | 31 Dec 2020 | 5 Years 10 Months | Current |
Auditor
Decent Mercantile Private Limited is audited by G S G & ASSOCIATES LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G S G & ASSOCIATES LLP | FY 2026 | C400015 |
Shareholding
The shareholding of Decent Mercantile Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Decent Mercantile Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Decent 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 Decent Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Decent Mercantile has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCD8242J1ZI | Maharashtra | Active | 07 Aug 2018 |
| 22AACCD8242J1ZS | Chhattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Decent Mercantile Private Limited, buy the company report.
Recent activity
Decent Mercantile Private Limited has 10 board changes on record since 2008: 2 appointments and 8 cessations. The latest: Abhishek Verma ceased to be Director on 09 Jan 2021.
1 earlier event is in the company report.
Frequently asked questions
Decent Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 16 January 2008 (18+ years old) and is registered under CIN U51109MH2008PTC303556.
Decent Mercantile has 2 current directors:
- Ashish Kumar Verma - Director
- Mahendra Kumar Verma - Director
The latest financial statements of Decent Mercantile on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Decent Mercantile is 27AACCD8242J1ZI, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 22AACCD8242J1ZS (Chhattisgarh).
The CIN (Corporate Identification Number) of Decent Mercantile is U51109MH2008PTC303556. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Decent Mercantile was incorporated on 16 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Abhishek Verma ceased to be Director on 09 Jan 2021. Avinash Verma ceased to be Director on 09 Jan 2021. Mahendra Kumar Verma was appointed as Director on 31 Dec 2020. Decent Mercantile has 10 board changes on record in total.
The registered office of Decent Mercantile is at 403 Jade Gardens Wing – G Gandhi Nagar Behind Mig Club Bandra E, , Mumbai, Maharashtra, India – 400051.
Decent Mercantile operates in the machinery and equipment industry, in the industrial machinery retail and distribution segment.
The compliance status of Decent Mercantile is compliant as of 30 August 2026. The company is actively filing with the Registrar of Companies.
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