Denevo Merchants Private Limited
About Denevo Merchants Private Limited
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Denevo Merchants Private Limited is a private limited company based in Kolkata, West Bengal, India, a subsidiary of Sambhavi Commosales Private Limited. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 23 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB2011PTC166693.
The company has an authorised share capital of ₹2.11 Cr and a paid-up capital of ₹2.11 Cr. It is led by directors including Yash Poddar and Malhar Patel.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Kolkata, West Bengal.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.98 Cr, a growth of 139% compared to the previous year. For the same year it recorded a net profit of ₹74.09 Lakh (net margin 6.2%) and EBITDA of ₹1.03 Cr (EBITDA margin 8.6%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 41% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Denevo 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 Address5/4 Clive Row Room No. 76/A, Unit – 1 3rd Floor, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Denevo 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 Denevo Merchants is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Denevo Merchants Private Limited, buy the company report.
Financials of Denevo Merchants Private Limited
FY 2024 filings availableDenevo Merchants Private Limited reported revenue of ₹11.98 Cr (up 139% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 41% over five years, including 139% growth in the latest year. EBITDA rose 35% 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 |
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| EBITDA | ₹1.03 Cr | ||||
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| Net Profit (PAT) | ₹74.09 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 8.6% | ||||
| Net Profit Margin | 6.2% | ||||
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To see the full financial statements and ratios of Denevo Merchants Private Limited, buy the company report.
Board of directors of Denevo Merchants Private Limited
Denevo Merchants has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Poddar | Director | 25 May 2023 | 3 Years 5 Months | Current |
| Malhar Patel Also directs: Mersion Educom LLP, Gandhinagar Hospitalities Private Limited | Director | 04 Jun 2024 | 2 Years 4 Months | Current |
| Himanshu Sharma Also directs: Dunes Aerotech Private Limited, Dunes Aviation Private Limited, Chamak Trexim Pvt Ltd and 5 more | Additional Director | 19 Dec 2023 | 2 Years 10 Months | Current |
Peer comparison
Denevo Merchants Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shashi Commercial Co Ltd | ₹11.99 Cr (FY 2024) | 31.0% | Kolkata, West Bengal, India | |||
| Prima Financial Services Ltd | ₹11.99 Cr (FY 2025) | 114.0% | Ahmedabad, Gujarat, India | |||
| Denevo Merchants Private Limitedthis company | ₹11.98 Cr (FY 2024) | ₹74.09 Lakh | 6.2% | 139.0% | Kolkata, West Bengal, India | |
| Royalcorporate Consultancy Services Private Limited | ₹11.98 Cr (FY 2025) | 34.0% | Ahmedabad, Gujarat, India | |||
| Kanoria Udyog Limited | ₹11.89 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| M.B.A. Consulting India Private Limited | ₹11.88 Cr (FY 2025) | 16.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Denevo Merchants Private Limited, buy the company report.
Auditor
Denevo Merchants Private Limited is audited by BANSAL SONIA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BANSAL SONIA & ASSOCIATES | FY 2023 | 330668E |
Shareholding
The shareholding of Denevo Merchants 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 Denevo Merchants Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Denevo 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 Denevo 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 Denevo Merchants Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Denevo Merchants Private Limited has 18 board changes on record since 2012: 3 appointments and 15 cessations. The latest: Malhar Patel was appointed as Director on 04 Jun 2024.
9 earlier events are in the company report.
Frequently asked questions
Denevo Merchants is an active private limited company based in Kolkata, West Bengal, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 23 August 2011 (15+ years old) and is registered under CIN U51909WB2011PTC166693.
Denevo Merchants has 3 current directors:
- Yash Poddar - Director
- Malhar Patel - Director
- Himanshu Sharma - Additional Director
The latest financial statements of Denevo Merchants on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Denevo Merchants is U51909WB2011PTC166693. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Denevo Merchants was incorporated on 23 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Denevo Merchants by revenue are Shashi Commercial Co Ltd, Prima Financial Services Ltd, Royalcorporate Consultancy Services Private Limited, Kanoria Udyog Limited, M.B.A. Consulting India Private Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Malhar Patel was appointed as Director on 04 Jun 2024. Ram Kumar Dubey ceased to be Additional Director on 04 Jun 2024. Himanshu Sharma was appointed as Additional Director on 19 Dec 2023. Denevo Merchants has 18 board changes on record in total.
The registered office of Denevo Merchants is at 54 Clive Row Room No. 76A, Unit – 1 3rd Floor, Kolkata, West Bengal, India – 700001.
Denevo Merchants operates in the financial services industry, in the diversified financial services segment.
The compliance status of Denevo Merchants is compliant as of 07 September 2026. The company is actively filing with the Registrar of Companies.
Denevo Merchants can be reached at its registered office: 54 Clive Row Room No. 76A, Unit – 1 3rd Floor, Kolkata, West Bengal, India – 700001.
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