Dharam Mercantile Private Limited
About Dharam Mercantile Private Limited
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Dharam Mercantile Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 05 June 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U65990MP1995PTC009521.
The company has an authorised share capital of ₹2.25 Cr and a paid-up capital of ₹2.11 Cr. It was formerly known as Dharam Mercantile Limited and Surya Games Club Limited. It is led by directors Surinder Singh Hora and Gurvind Kaur Rajpal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 191 – 192 Transport Nagar Main Road Opp – Shri Ram Tol Kanta, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.14 Lakh, a growth of 106% compared to the previous year. For the same year it recorded a net profit of ₹2.06 Lakh (net margin 28.8%) and EBITDA of ₹2.75 Lakh (EBITDA margin 38.5%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 15% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Dharam Mercantile has undergone 3 name changes throughout its history. The company was previously known as Dharam Mercantile Limited, Surya Games Club Limited, and Surya Club Limited. The current legal name is Dharam Mercantile Private Limited.
| Company Name | Status |
|---|---|
| Dharam Mercantile Private Limited | Current |
| Dharam Mercantile Limited | Previous |
| Surya Games Club Limited | Previous |
| Surya Club Limited | Previous |
CIN history
Dharam Mercantile has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U65990MP1995PTC009521, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65990MP1995PTC009521 | Current |
| U92413MP1995PLC009521 | Previous |
| U65990MP1995PLC009521 | Previous |
Contact details
Dharam Mercantile Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address191 – 192 Transport Nagar Main Road Opp – Shri Ram Tol Kanta, Indore, Madhya Pradesh, India – 452001
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Dharam 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
Financials of Dharam Mercantile Private Limited
FY 2025 filings availableDharam Mercantile Private Limited reported revenue of ₹7.14 Lakh (up 106% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 106% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 15%. EBITDA rose 104% 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 | ₹2.75 Lakh | ||||
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| Net Profit (PAT) | ₹2.06 Lakh | ||||
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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 | 38.5% | ||||
| Net Profit Margin | 28.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Dharam Mercantile Private Limited, buy the company report.
Board of directors of Dharam Mercantile Private Limited
Dharam Mercantile 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 |
|---|---|---|---|---|
| Surinder Singh Hora | Director | 05 Jun 1995 | 31 Years 4 Months | Current |
| Gurvind Kaur Rajpal Also directs: Dharam Developers and Finvest Limited | Director | 30 Jun 2023 | 3 Years 3 Months | Current |
Peer comparison
Dharam Mercantile Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Naina Ventures Private Limited | ₹7.16 Lakh (FY 2025) | -60.0% | Nagpur, Maharashtra, India | |||
| Avnrv Financial Services Private Limited | ₹7.16 Lakh (FY 2025) | -26.0% | Meerut, Uttar Pradesh, India | |||
| Mohanka Exports Pvt Ltd | ₹7.16 Lakh (FY 2025) | 87.0% | Kolkata, West Bengal, India | |||
| Baldor Technologies Account Aggregator Services Private Limited | ₹7.16 Lakh (FY 2025) | -47.0% | Mumbai, Maharashtra, India | |||
| Money Farms Financial Advisors Private Limited | ₹7.15 Lakh (FY 2025) | -9.0% | Thane, Maharashtra, India | |||
| Dharam Mercantile Private Limitedthis company | ₹7.14 Lakh (FY 2025) | ₹2.06 Lakh | 28.8% | 106.0% | Indore, Madhya Pradesh, India | |
| VRK Fintech Private Limited | ₹7.14 Lakh (FY 2020) | Bangalore, Karnataka, India | ||||
| Vishal Financial Consultancy Private Limited | ₹7.13 Lakh (FY 2017) | 7.0% | Navi Mumbai, Maharashtra, India | |||
| Divyajyot Commodities Private Limited | ₹7.13 Lakh (FY 2024) | -8.0% | Mumbai, Maharashtra, India | |||
| Proficient Financial Services Private Limited | ₹7.12 Lakh (FY 2025) | -13.0% | Madurai, Tamil Nadu, India | |||
| Amaira Finvest Private Limited | ₹7.12 Lakh (FY 2024) | 78.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Dharam Mercantile Private Limited, buy the company report.
Auditor
Dharam Mercantile Private Limited is audited by J M K & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J M K & CO | FY 2021 | 120459W |
Shareholding
The shareholding of Dharam Mercantile Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Dharam Mercantile Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Dharam 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 Dharam Mercantile 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 Dharam Mercantile Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Dharam Mercantile Private Limited has 10 board changes on record since 1995: 6 appointments and 4 cessations. The latest: Ajit Singh Khalsa ceased to be Director on 30 Jun 2023.
1 earlier event is in the company report.
Frequently asked questions
Dharam Mercantile is an active private limited company based in Indore, Madhya Pradesh, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 05 June 1995 (31+ years old) and is registered under CIN U65990MP1995PTC009521.
Dharam Mercantile has 2 current directors:
- Surinder Singh Hora - Director
- Gurvind Kaur Rajpal - Director
The latest financial statements of Dharam Mercantile on record with the MCA are for the year ended 31 March 2025. 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 Dharam Mercantile is U65990MP1995PTC009521. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dharam Mercantile was incorporated on 05 June 1995, making it 31+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Dharam Mercantile by revenue are Naina Ventures Private Limited, Avnrv Financial Services Private Limited, Mohanka Exports Pvt Ltd, Baldor Technologies Account Aggregator Services Private Limited, Money Farms Financial Advisors Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Ajit Singh Khalsa ceased to be Director on 30 Jun 2023. Gurvind Kaur Rajpal was appointed as Director on 30 Jun 2023. Harpal Singh ceased to be Director on 30 Jun 2023. Dharam Mercantile has 10 board changes on record in total.
The registered office of Dharam Mercantile is at 191 – 192 Transport Nagar Main Road Opp – Shri Ram Tol Kanta, Indore, Madhya Pradesh, India – 452001.
Dharam Mercantile operates in the financial services industry, in the diversified financial services segment.
The compliance status of Dharam Mercantile is compliant as of 26 July 2026. The company is actively filing with the Registrar of Companies.
Yes. Dharam Mercantile was formerly known as Dharam Mercantile Limited, Surya Games Club Limited, Surya Club Limited.