MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0078057
DSM Mercantiles Private Limited
DSM Mercantiles Private Limited - food and beverages in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹30.95 Cr
▲ 29% YoY
Net profit · FY 2025
₹3.04 Cr
Net margin 9.8%
EBITDA · FY 2025
₹5.14 Cr
EBITDA margin 16.6%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹4.48 Cr
Satisfied ₹10.27 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
9
Provident fund records
About DSM Mercantiles Private Limited
Data last updated:
DSM Mercantiles Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the instant and ready-to-eat foods segment of the food and beverages sector. It was incorporated on 19 October 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25203GJ2004PTC082562. Its GSTIN is 24AACCV0348K1ZD (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Vayadoot Mercantiles Private Limited. It is led by directors Ajay Dilipkumar Maheshwari (Managing Director) and Dilipkumar Sohanlal Maheshwari (Managing Director).
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 C – 102 Titanium Square Thaltej Char Rasta S G Highway Thaltej, Ahmedabad, Gujarat, India – 380059.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.95 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹3.04 Cr (net margin 9.8%) and EBITDA of ₹5.14 Cr (EBITDA margin 16.6%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 32% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.48 Cr and satisfied charges of ₹10.27 Cr on record.
DSM Mercantiles Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0078057). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U25203GJ2004PTC082562
Registration Number 082562
Incorporation Date 19 October 2004
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0078057
CIN history
DSM Mercantiles has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U25203GJ2004PTC082562, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25203GJ2004PTC082562 | Current |
| U25203WB2004PTC100210 | Previous |
| U51909WB2004PTC100210 | Previous |
Key People
Ajay Dilipkumar Maheshwari Managing Director Dilipkumar Sohanlal Maheshwari Managing Director Recognitions & Rankings of DSM Mercantiles
Contact details
DSM Mercantiles Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC – 102 Titanium Square Thaltej Char Rasta S G Highway Thaltej, Ahmedabad, Gujarat, India – 380059
- IndustryFood and Beverages, Instant & Ready-to-Eat Foods
To see the full contact details of DSM Mercantiles Private Limited, buy the company report.
Comprehensive company report
DSM Mercantiles 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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Business activity
The main business activity of DSM Mercantiles is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of DSM Mercantiles Private Limited, buy the company report.
Financials of DSM Mercantiles Private Limited
FY 2025 filings availableDSM Mercantiles Private Limited reported revenue of ₹30.95 Cr (up 29% YoY) for FY 2025.
Revenue · FY 2025
₹30.95 Cr ▲ 29%
Net profit · FY 2025
₹3.04 Cr margin 9.8%
EBITDA · FY 2025
₹5.14 Cr margin 16.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 25%
5 years · compounded
▲ 32%
EBITDA CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 25%
5 years · compounded
▲ 51%
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 29% growth in the latest year. EBITDA rose 18% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.04 Cr | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.6% | ||||
| Net Profit Margin | 9.8% | ||||
| 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 DSM Mercantiles Private Limited, buy the company report.
Board of directors of DSM Mercantiles Private Limited
DSM Mercantiles has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Dilipkumar Maheshwari Also directs: DSM Enterprises Private Limited, Radha Tradelinks Private Limited | Managing Director | 30 Jun 2008 | 18 Years 4 Months | Current |
| Dilipkumar Sohanlal Maheshwari Also directs: DSM Enterprises Private Limited, Radha Tradelinks Private Limited | Managing Director | 30 Jun 2008 | 18 Years 4 Months | Current |
Peer comparison
DSM Mercantiles Private Limited is compared with the 5 companies closest to it by revenue in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jaylaxmi Food Processing Private Limited | ₹31.15 Cr (FY 2020) | -12.0% | Pune, Maharashtra, India | |||
| Pramukh Dehydration Private Limited | ₹31.05 Cr (FY 2025) | 1561.0% | Rajula, Gujarat, India | |||
| Ganpati Tasty Foods Private Limited | ₹30.98 Cr (FY 2025) | 99.0% | Bikaner, Rajasthan, India | |||
| DSM Mercantiles Private Limitedthis company | ₹30.95 Cr (FY 2025) | ₹3.04 Cr | 9.8% | 29.0% | 9 | Ahmedabad, Gujarat, India |
| Vocon Manufacturing Private Limited | ₹30.69 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| BVC Exports Private Limited | ₹30.62 Cr (FY 2025) | 22.0% | Madurai, Tamil Nadu, India |
To see the full peer comparison of DSM Mercantiles Private Limited, buy the company report.
Auditor
DSM Mercantiles Private Limited is audited by R N C A & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R N C A & Associates | FY 2022 | 131593W |
Shareholding
The shareholding of DSM Mercantiles Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of DSM Mercantiles Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.48 Cr
Satisfied charges
₹10.27 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jan 2026 | 101221237 | The Kalupur Commercial Co-Operative Bank Limited | ₹4.48 Cr | Open | |
| 08 Sep 2021 | 100490802 | Hdfc Bank Limited | ₹3.27 Cr | Satisfied | |
| 13 Nov 2015 | 10605279 | Kotak Mahindra Bank Limited | ₹7 Cr | Satisfied |
To see the full charge records of DSM Mercantiles Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving DSM Mercantiles 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
DSM Mercantiles Private Limited has 5 MSME Form 1 returns on record between 2019 and 2021, listing 16 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| M H Industries | |||
| Microseal Packaging | |||
| Raj Products | |||
| an individual supplier |
To see the full MSME payment records of DSM Mercantiles Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
DSM Mercantiles Private Limited has a workforce of 9 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
9
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 9 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of DSM Mercantiles Private Limited, buy the company report.
GST
DSM Mercantiles has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCV0348K1ZD | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of DSM Mercantiles Private Limited, buy the company report.
Recent activity
DSM Mercantiles Private Limited has 9 board changes on record since 2008: 2 appointments and 7 cessations. The latest: Mayuri Somani ceased to be Company Secretary on 31 Mar 2020.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited amounted to Rs. 4.48 Cr with Charge ID 101221237 was registered on 17 Jan 2026.
AGM
Dsm Mercantiles Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 08 Sep 2021 via Charge ID 100490802 with Hdfc Bank Limited was fully satisfied on 22 Apr 2025.
Filing
Dsm Mercantiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 3.27 Cr registered on 08 Sep 2021 with Charge ID 100490802 was modified on 28 Feb 2022.
Charges
A charge registered on 13 Nov 2015 via Charge ID 10605279 with Kotak Mahindra Bank Limited was fully satisfied on 11 Nov 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3.27 Cr with Charge ID 100490802 was registered on 08 Sep 2021.
Ceased
Mayuri Somani ceased to be Company Secretary.
Ceased
Ajay Dilipkumar Maheshwari ceased to be Director.
Ceased
Dilipkumar Sohanlal Maheshwari ceased to be Director.
Ceased
Priti Ajay Maheshwari ceased to be Director.
Ceased
Santoshben Dilipkumar Maheshwari ceased to be Director.
7 earlier events are in the company report.
Frequently asked questions
DSM Mercantiles is an active private limited company based in Ahmedabad, Gujarat, India. The company works in instant and ready-to-eat foods, within the food and beverages industry. It was incorporated on 19 October 2004 (22+ years old) and is registered under CIN U25203GJ2004PTC082562.
DSM Mercantiles has 2 current directors:
- Ajay Dilipkumar Maheshwari - Managing Director
- Dilipkumar Sohanlal Maheshwari - Managing Director
The latest financial statements of DSM Mercantiles 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 GSTIN of DSM Mercantiles is 24AACCV0348K1ZD, registered in Gujarat.
The CIN (Corporate Identification Number) of DSM Mercantiles is U25203GJ2004PTC082562. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
DSM Mercantiles was incorporated on 19 October 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of DSM Mercantiles by revenue are Jaylaxmi Food Processing Private Limited, Pramukh Dehydration Private Limited, Ganpati Tasty Foods Private Limited, Vocon Manufacturing Private Limited, BVC Exports Private Limited, all in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products).
Mayuri Somani ceased to be Company Secretary on 31 Mar 2020. Ajay Dilipkumar Maheshwari ceased to be Director on 30 May 2016. Dilipkumar Sohanlal Maheshwari ceased to be Director on 30 May 2016. DSM Mercantiles has 9 board changes on record in total.
Yes, DSM Mercantiles is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0078057).
DSM Mercantiles has 5 MSME Form 1 returns on record between 2019 and 2021, listing 16 overdue payments to 4 micro and small suppliers. The latest return was filed on 20 Apr 2021.
The registered office of DSM Mercantiles is at C – 102 Titanium Square Thaltej Char Rasta S G Highway Thaltej, Ahmedabad, Gujarat, India – 380059.
DSM Mercantiles operates in the food and beverages industry, in the instant and ready-to-eat foods segment.
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