MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0090992
Devnadi Mercantile Private Limited
Devnadi Mercantile Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹129.77 Cr
▲ 39% YoY
Net profit · FY 2025
₹1.59 Cr
Net margin 1.2%
EBITDA · FY 2025
₹2.86 Cr
EBITDA margin 2.2%
Authorised capital
₹21 Lakh
Registered with MCA
Paid-up capital
₹21 Lakh
Issued & subscribed
Open charges
₹10 Cr
Satisfied ₹1.8 Cr
Company age
20 yrs
Est. 2006
Directors on board
2
As per MCA filings
About Devnadi Mercantile Private Limited
Data last updated:
Devnadi Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 29 July 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51109MH2006PTC270781. Its GSTIN is 27AACCD4364R1Z3 (Maharashtra).
The company has an authorised share capital of ₹21 Lakh and a paid-up capital of ₹21 Lakh. It is led by directors Minaxi Bohara Jain and Jugraj Sohanlal Bohra.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹129.77 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net profit of ₹1.59 Cr (net margin 1.2%) and EBITDA of ₹2.86 Cr (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 34% over five years.
As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹1.8 Cr on record.
Devnadi Mercantile Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0090992). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U51109MH2006PTC270781
Registration Number 270781
Incorporation Date 29 July 2006
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0090992
CIN history
Devnadi Mercantile has one previous CIN (Corporate Identification Number): U51109WB2006PTC110965. The current CIN is U51109MH2006PTC270781, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109MH2006PTC270781 | Current |
| U51109WB2006PTC110965 | Previous |
Recognitions & Rankings of Devnadi Mercantile
Contact details
Devnadi 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 AddressShop No. 7 1st Floor 45 Motiwala Building 3rd Agiyari Lane Behind Bank Of India, Kalbadevi, Mumbai, Maharashtra, India – 400002
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Devnadi Mercantile Private Limited, buy the company report.
Comprehensive company report
Devnadi Mercantile 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
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Secure checkout · GST invoice included
Business activity
The main business activity of Devnadi 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 Devnadi Mercantile Private Limited, buy the company report.
Financials of Devnadi Mercantile Private Limited
FY 2024 filings availableDevnadi Mercantile Private Limited reported revenue of ₹129.77 Cr (up 39% YoY) for FY 2025.
Revenue · FY 2025
₹129.77 Cr ▲ 39%
Net profit · FY 2025
₹1.59 Cr margin 1.2%
EBITDA · FY 2025
₹2.86 Cr margin 2.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 39%
3 years · compounded
▲ 42%
5 years · compounded
▲ 34%
EBITDA CAGR growth
1 year
▲ 80%
3 years · compounded
▲ 63%
5 years · compounded
▲ 28%
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years, including 39% growth in the latest year. EBITDA rose 80% 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 |
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| EBITDA | ₹2.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.59 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.2% | ||||
| Net Profit Margin | 1.2% | ||||
| Return on Equity (ROE) | |||||
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| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Devnadi Mercantile Private Limited, buy the company report.
Board of directors of Devnadi Mercantile Private Limited
Devnadi Mercantile 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 |
|---|---|---|---|---|
| Minaxi Bohara Jain Also directs: Mangalmani Jewellers Limited | Director | 01 Oct 2009 | 17 Years 0 Months | Current |
| Jugraj Sohanlal Bohra | Director | 01 Oct 2009 | 17 Years 0 Months | Current |
Auditor
Devnadi Mercantile Private Limited is audited by DHAKAD & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHAKAD & CO | FY 2023 | 131741W |
Shareholding
The shareholding of Devnadi Mercantile 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 Devnadi Mercantile Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10 Cr
Satisfied charges
₹1.8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2025 | 101191959 | Others | ₹10 Cr | Open | |
| 29 Dec 2015 | 100041213 | Yes Bank Limited | ₹90 Lakh | Satisfied | |
| 28 Oct 2015 | 10615857 | Yes Bank Limited | ₹90 Lakh | Satisfied |
To see the full charge records of Devnadi Mercantile Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Devnadi 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 Devnadi Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Devnadi Mercantile has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCD4364R1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Devnadi Mercantile Private Limited, buy the company report.
Recent activity
Devnadi Mercantile Private Limited has 4 board changes on record since 2009: 2 appointments and 2 cessations. The latest: Arup Kumar Chakraborty ceased to be Director on 18 Dec 2013.
Charges
A charge with Others amounted to Rs. 1,000.00 Lakh with Charge ID 101191959 was registered on 12 Nov 2025.
AGM
Devnadi Mercantile Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 29 Dec 2015 via Charge ID 100041213 with Yes Bank Limited was fully satisfied on 04 Apr 2024.
Charges
A charge registered on 28 Oct 2015 via Charge ID 10615857 with Yes Bank Limited was fully satisfied on 04 Apr 2024.
Filing
Devnadi Mercantile Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Yes Bank Limited amounted to Rs. 90.00 Lakh with Charge ID 100041213 was registered on 29 Dec 2015.
Charges
A charge with Yes Bank Limited amounted to Rs. 90.00 Lakh with Charge ID 10615857 was registered on 28 Oct 2015.
Ceased
Arup Kumar Chakraborty ceased to be Director.
Ceased
Manani Chakraborty ceased to be Director.
Appointed
Jugraj Sohanlal Bohra was appointed as Director.
Appointed
Minaxi Bohara Jain was appointed as Director.
Incorporation
29 Jul 2006
Devnadi Mercantile Private Limited was registered on 29 Jul 2006 with Roc Mumbai & aged 20 years 3 months as per MCA records.
Frequently asked questions
Devnadi Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 29 July 2006 (20+ years old) and is registered under CIN U51109MH2006PTC270781.
Devnadi Mercantile has 2 current directors:
- Minaxi Bohara Jain - Director
- Jugraj Sohanlal Bohra - Director
The latest financial statements of Devnadi Mercantile 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 GSTIN of Devnadi Mercantile is 27AACCD4364R1Z3, registered in Maharashtra.
The CIN (Corporate Identification Number) of Devnadi Mercantile is U51109MH2006PTC270781. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devnadi Mercantile was incorporated on 29 July 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Arup Kumar Chakraborty ceased to be Director on 18 Dec 2013. Manani Chakraborty ceased to be Director on 18 Dec 2013. Jugraj Sohanlal Bohra was appointed as Director on 01 Oct 2009. Devnadi Mercantile has 4 board changes on record in total.
Yes, Devnadi Mercantile is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0090992).
The registered office of Devnadi Mercantile is at Shop No. 7 1st Floor 45 Motiwala Building 3rd Agiyari Lane Behind Bank Of India, Kalbadevi, Mumbai, Maharashtra, India – 400002.
Devnadi Mercantile operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.