Devak Mercantile Private Limited
About Devak Mercantile Private Limited
Data last updated:
Devak Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 08 December 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52390MH2009PTC197680.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹35 Lakh. It is led by directors Vijay Daluram Poddar and Shrishti Yogesh Goenka.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 318 Hubtownviva Meterrmno.2 Shankarwadi W.E.Highway Jogeshwari(E), Mumbai, Maharashtra, India – 400060.
As per the financials filed for FY 2016, the company reported a revenue of ₹19.34 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹2.28 Lakh (net margin 0.1%) and EBITDA of ₹41.37 Lakh (EBITDA margin 2.1%).
As per MCA filings, the company has open charges of ₹2.5 Cr and satisfied charges of ₹98 Lakh on record. Court records list 1 case involving the company; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered Address318 Hubtownviva Meterrmno.2 Shankarwadi W.E.Highway Jogeshwari(E), Mumbai, Maharashtra, India – 400060
- IndustryHome & Lifestyle, Textile Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Devak Mercantile Private Limited
The main business activity of Devak Mercantile is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Devak Mercantile Private Limited FY 2016 filings available
Devak Mercantile Private Limited reported revenue of ₹19.34 Cr (up 43% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR) of Devak Mercantile Private Limited
Revenue rose 43% in the latest year. EBITDA rose 117% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Devak Mercantile Private Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | •••• |
| Other Income | •••• | •••• |
| Total Revenue | ₹19.34 Cr | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | ₹41.37 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | ₹2.28 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 of Devak Mercantile Private Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 2.1% | •••• |
| Net Profit Margin | 0.1% | •••• |
| 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 | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Devak Mercantile are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Devak Mercantile Private Limited
Devak Mercantile Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| VRS Exim Private Limited | ₹19.41 Cr (FY 2019) | •••• | •••• | •••• | Gurgaon, Haryana, India | |
| Eazima Solutions Private Limited | ₹19.4 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Indore, Madhya Pradesh, India |
| Vistar Impex Private Limited | ₹19.38 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Bangalore, Karnataka, India |
| Diamond Threads & Machines Private Limited | ₹19.36 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| Nirmaladevi Textiles Private Limited | ₹19.35 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Bhimavaram, Andhra Pradesh, India |
| Devak Mercantile Private Limited this company | ₹19.34 Cr (FY 2016) | •••• | •••• | 43.0% | •••• | Mumbai, Maharashtra, India |
| St Products Private Limited | ₹19.32 Cr (FY 2022) | •••• | •••• | -9.0% | •••• | New Delhi, Delhi, India |
| KN Syn Tex Private Limited | ₹19.31 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Secunderabad, Telangana, India |
| Tanu Garments Private Limited | ₹19.3 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | New Delhi, Delhi, India |
| Anno Domini Trading Corporation Praivate Limited | ₹19.3 Cr (FY 2019) | •••• | •••• | 85.0% | •••• | Surat, Gujarat, India |
| Bharadia Synthetics Private Limited | ₹19.29 Cr (FY 2025) | •••• | •••• | -43.0% | •••• | Hatkanangle, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Devak Mercantile by revenue in the Consumer Products industry (Textile Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Devak Mercantile Private Limited
Devak Mercantile Private Limited is audited by JOSHI JAIN & ASSOCIATES for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JOSHI JAIN & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Devak Mercantile Private Limited
Devak Mercantile has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Daluram Poddar Also directs: Kaarthika Texfab Private Limited | Director | 22 Dec 2009 | 16 Years 9 Months | Current |
| Shrishti Yogesh Goenka Also directs: Kaarthika Texfab Private Limited | Director | 28 Oct 2016 | 9 Years 11 Months | Current |
Ownership and Shareholding of Devak Mercantile Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Devak Mercantile Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Jan 2015 | Bank of India | ₹2.5 Cr | Open |
| 27 Mar 2010 | Idbi Bank Limited | ₹98 Lakh | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Devak Mercantile Private Limited
Devak Mercantile Private Limited has 1 court case on record: 1 where it is another party. All case is pending. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Silvassa, The Dadra And Nagar Haveli And Daman And Diu | Court case (SPL. CASE COMPANIES ACT) | Company is another party | Pending |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Devak Mercantile Private Limited
Employment history and EPFO contributions of people linked to Devak Mercantile.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Devak Mercantile Private Limited
Devak Mercantile Private Limited has 8 board changes on record since 2009: 5 appointments and 3 cessations. The latest: Manju Vijaykumar Poddar ceased to be Director on 15 Nov 2016.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Devak Mercantile Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Devak Mercantile Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Devak Mercantile Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Devak Mercantile Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Devak Mercantile Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Devak Mercantile Private Limited
Devak Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 08 December 2009 (17+ years old) and is registered under CIN U52390MH2009PTC197680.
Devak Mercantile reported revenue of ₹19.34 Cr for FY 2016 (up 43% YoY).
Devak Mercantile has 2 current directors:
- Vijay Daluram Poddar - Director
- Shrishti Yogesh Goenka - Director
Devak Mercantile reported a net profit of ₹2.28 Lakh (net margin 0.1%) and EBITDA of ₹41.37 Lakh (EBITDA margin 2.1%) for FY 2016, as per its filed financial statements.
The CIN (Corporate Identification Number) of Devak Mercantile is U52390MH2009PTC197680. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devak Mercantile has 1 court case on record. 1 is pending.
Devak Mercantile was incorporated on 08 December 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Devak Mercantile by revenue are VRS Exim Private Limited, Eazima Solutions Private Limited, Vistar Impex Private Limited, Diamond Threads & Machines Private Limited, Nirmaladevi Textiles Private Limited and 5 more, all in the Consumer Products industry (Textile Retail and Distribution).
Manju Vijaykumar Poddar ceased to be Director on 15 Nov 2016. Shrishti Yogesh Goenka was appointed as Director on 28 Oct 2016. Dilip Keshav Pagare ceased to be Director on 28 Dec 2009. Devak Mercantile has 8 board changes on record in total.
The registered office of Devak Mercantile is at 318 Hubtownviva Meterrmno.2 Shankarwadi W.E.Highway JogeshwariE, Mumbai, Maharashtra, India – 400060.
Devak Mercantile has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹35 Lakh.