Eastern Mercantiles Pvt.Ltd.
About Eastern Mercantiles Pvt.Ltd.
Data last updated:
Eastern Mercantiles Pvt.Ltd. was a private limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 01 October 1992.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ1992PTC101894. Its GSTIN is 24AAACE6031C1ZD (Gujarat). The company held 3 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹6.99 Cr and a paid-up capital of ₹1.42 Cr. It was led by directors Durgesh Anilkumar Agarwal and Anil Kumar Agarwal.
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 was at 2nd Floor B1 Safal Profitaire Opp Auda Garden Corporate Road Prahlad Nagar, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.41 Cr, a growth of 119% compared to the previous year. For the same year it recorded a net profit of ₹2 Cr (net margin 37%) and EBITDA of ₹4.52 Cr (EBITDA margin 83.6%). Revenue has declined at a compounded annual rate (CAGR) of 72% over three years and 34% over five years.
Its group structure included 5 subsidiaries.
Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending. The company has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹49.7 Lakh; the latest was in March 2018. Its 5 peer companies in the Agriculture industry (Agro Retail and Distribution, Textile Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 3 smaller; the largest is Axils Food Private Limited with revenue of ₹5.41 Cr.
Company details
CIN history
Eastern Mercantiles has one previous CIN (Corporate Identification Number): U51909WB1992PTC056748. The current CIN is U51909GJ1992PTC101894, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909GJ1992PTC101894 | Current |
| U51909WB1992PTC056748 | Previous |
Contact details
Eastern Mercantiles Pvt.Ltd.'s registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2nd Floor B1 Safal Profitaire Opp Auda Garden Corporate Road Prahlad Nagar, Ahmedabad, Gujarat, India – 380015
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Eastern Mercantiles Pvt.Ltd., 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 Eastern Mercantiles Pvt.Ltd.
FY 2024 filings availableEastern Mercantiles Pvt.Ltd. reported revenue of ₹5.41 Cr (up 119% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 119% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 34%. EBITDA rose 107% 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 | ₹4.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 83.6% | ||||
| Net Profit Margin | 37% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Eastern Mercantiles Pvt.Ltd., buy the company report.
Board of directors of Eastern Mercantiles Pvt.Ltd.
Eastern Mercantiles has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Durgesh Anilkumar Agarwal Also directs: City Gold Developers (Guj.) LLP, RSN Hi Tech LLP, Himja Management Solutions LLP and 5 more | Director | 22 Aug 2005 | 21 Years 2 Months | As last reported |
| Anil Kumar Agarwal Also directs: City Gold Developers (Guj.) LLP, RSN Hi Tech LLP, Himja Management Solutions LLP and 5 more | Director | 10 Dec 2004 | 21 Years 10 Months | As last reported |
Peer comparison
Eastern Mercantiles Pvt.Ltd. is compared with the 5 companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution, Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Axils Food Private Limited | ₹5.41 Cr (FY 2024) | 189.0% | Hyderabad, Telangana, India | |||
| Sri Laxmi Textiles Private Limited | ₹5.41 Cr (FY 2019) | -26.0% | Kumbakonam, Tamil Nadu, India | |||
| Eastern Mercantiles Pvt.Ltd.this company | ₹5.41 Cr (FY 2024) | ₹2 Cr | 37% | 119.0% | Ahmedabad, Gujarat, India | |
| Pan Distributors Private Limited | ₹5.4 Cr (FY 2025) | -25.0% | Ahmedabad, Gujarat, India | |||
| DJG Impex Private Limited | ₹5.4 Cr (FY 2024) | 326.0% | Mumbai, Maharashtra, India | |||
| Dhita Chemtech Private Limited | ₹5.39 Cr (FY 2024) | 57.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Eastern Mercantiles Pvt.Ltd., buy the company report.
Auditor
Eastern Mercantiles Pvt.Ltd. is audited by VKR & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VKR & ASSOCIATES | FY 2022 | 320323E |
Shareholding
The shareholding of Eastern Mercantiles Pvt.Ltd. 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 Eastern Mercantiles Pvt.Ltd., buy the company report.
Deals & funding
Eastern Mercantiles Pvt.Ltd. has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹49.7 Lakh; the latest was in March 2018.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Atreyi Vincom Pvt Ltd |
| Mar 2016 | Funding round | ₹10.2 Lakh | Investors: Atreyi Vincom Pvt Ltd |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Atreyi Vincom Pvt Ltd , Kailash Prasad Anil Kumar Huf, 2 individuals Seller: Anilkumar Kailashprasad Huf, Moon Mercantiles Private Limited, Suraj Commerce Private Limited |
| Mar 2012 | Funding round | ₹39.5 Lakh | Investors: Suraj Commerce Private Limited , Moon Mercantiles Private Limited, Star Commission Agents Private Limited |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Kamayni Sales Promotions Private Limited, Dhanvidhya Finance & Investments Consultancy Services Private Limited, Suruchi Distributors Private Limited |
To see the full deal history of Eastern Mercantiles Pvt.Ltd., buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Eastern Mercantiles Pvt.Ltd. has 4 court cases on record: 3 filed by Eastern Mercantiles, 1 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Howrah, West Bengal | Civil suit | Filed by the company against an individual | Pending |
| District court, Howrah, West Bengal | Civil suit | Filed by the company against an individual | Disposed |
| District court, Howrah, West Bengal | Court case (1.Title Suit) | Filed against the company by an individual | Disposed |
| Calcutta High Court | Company petition | Filed by the company | Disposed |
To see the full case history of Eastern Mercantiles Pvt.Ltd., buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Eastern Mercantiles Pvt.Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Eastern Mercantiles has 5 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Durgesh Infrastructure Private Limited | U45209GJ2010PTC061589 | |
| Ornet Infrastructure Private Limited | U45400GJ2007PTC051729 | |
| Durgesh Impex Private Limited | U51100GJ2004PTC045062 | |
| Unicon Suppliers Pvt Ltd | U51109GJ1996PTC102107 | |
| Atreyi Vincom Pvt Ltd | U52321GJ1994PTC102089 |
To see the full group structure of Eastern Mercantiles Pvt.Ltd., buy the company report.
GST
Eastern Mercantiles has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACE6031C1ZD | Gujarat | Active | 30 Nov 2017 |
To see the full GST registrations and return filing status of Eastern Mercantiles Pvt.Ltd., buy the company report.
Recent activity
Eastern Mercantiles Pvt.Ltd. has 2 board changes on record since 2004: 2 appointments. The latest: Durgesh Anilkumar Agarwal was appointed as Director on 22 Aug 2005.
Frequently asked questions
Eastern Mercantiles has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Eastern Mercantiles was a private limited company based in Ahmedabad, Gujarat, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 01 October 1992 and is registered under CIN U51909GJ1992PTC101894. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Eastern Mercantiles was incorporated on 01 October 1992. It is registered with the Registrar of Companies, Ahmedabad.
Eastern Mercantiles had 2 directors:
- Durgesh Anilkumar Agarwal - Director
- Anil Kumar Agarwal - Director
The CIN (Corporate Identification Number) of Eastern Mercantiles is U51909GJ1992PTC101894. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Eastern Mercantiles is at 2nd Floor B1 Safal Profitaire Opp Auda Garden Corporate Road Prahlad Nagar, Ahmedabad, Gujarat, India – 380015.
The latest financial statements of Eastern Mercantiles 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 Eastern Mercantiles is 24AAACE6031C1ZD, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
Eastern Mercantiles operated in the home and lifestyle industry, in the textile retail and distribution segment.
Eastern Mercantiles has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹49.7 Lakh; the latest was in March 2018.
The peers of Eastern Mercantiles by revenue are Axils Food Private Limited, Sri Laxmi Textiles Private Limited, Pan Distributors Private Limited, DJG Impex Private Limited, Dhita Chemtech Private Limited, all in the Agriculture industry (Agro Retail and Distribution, Textile Retail and Distribution), with the same principal business activity (wholesale trading).