India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #1,113 Malav Rajen Shah ₹2,300 Cr
- #1,174 Binoy Rajen Shah ₹2,100 Cr
Ermelli Private Limited
Ermelli Private Limited - electrnoics in Mumbai, Maharashtra, India. Directors, charges & compliance details.
Active Private Limited Company electrnoics
Revenue · FY 2025
₹4.17 Cr
▲ 307% YoY
Net loss · FY 2025
₹4.12 Cr
Net margin -98.8%
EBITDA · FY 2025
-₹4.84 Cr
EBITDA margin -115.9%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹2.16 Lakh
Issued & subscribed
Company age
3 yrs
Est. 2023
Directors on board
3
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Ermelli Private Limited
Data last updated:
Ermelli Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the manufacturing segment of the electronics sector. It was incorporated on 23 November 2023.
Its director Malav Rajen Shah is #1,113 among India's richest people (2026). Its director Binoy Rajen Shah is #1,174 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32111MH2023PTC414323.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.16 Lakh. It is led by directors including Rajen Kirtilal Shah and Binoy Rajen Shah.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.17 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹4.12 Cr (net margin -98.8%) and EBITDA of -₹4.84 Cr (EBITDA margin -115.9%).
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U32111MH2023PTC414323
Registration Number 414323
Incorporation Date 23 November 2023
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Recognitions & Rankings of Ermelli
Contact details
Ermelli Private Limited's registered office is in Mumbai, Maharashtra.
- Registered Address19/20 Floor 16th Jain Tower Padmakar L Khandke Marg, Mathew Road Opera House, Mumbai, Maharashtra, India – 400004
- IndustryElectrnoics, Manufacturing, Electronic Components
Comprehensive company report
Ermelli 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 Ermelli is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Ermelli Private Limited, buy the company report.
Financials of Ermelli Private Limited
FY 2025 filings availableErmelli Private Limited reported revenue of ₹4.17 Cr (up 307% YoY) for FY 2025.
Revenue · FY 2025
₹4.17 Cr ▲ 307%
Net loss · FY 2025
₹4.12 Cr margin -98.8%
EBITDA · FY 2025
-₹4.84 Cr margin -115.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 307%
Revenue rose 307% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| 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 | -₹4.84 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹4.12 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 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -115.9% | |
| Net Profit Margin | -98.8% | |
| 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 Ermelli Private Limited, buy the company report.
Board of directors of Ermelli Private Limited
Ermelli has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajen Kirtilal Shah Also directs: House of BNM Private Limited, Jinseva Foundation | Director | 23 Nov 2023 | 2 Years 11 Months | Current |
| Binoy Rajen Shah | Director | 23 Nov 2023 | 2 Years 11 Months | Current |
| Malav Rajen Shah | Director | 23 Nov 2023 | 2 Years 11 Months | Current |
Legal cases
No court or tribunal cases involving Ermelli 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 Ermelli 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 Ermelli Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ermelli Private Limited has 3 board changes on record since 2023: 3 appointments. The latest: Binoy Rajen Shah was appointed as Director on 23 Nov 2023.
AGM
Ermelli Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ermelli Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Binoy Rajen Shah was appointed as Director.
Appointed
Malav Rajen Shah was appointed as Director.
Appointed
Rajen Kirtilal Shah was appointed as Director.
Incorporation
23 Nov 2023
Ermelli Private Limited was registered on 23 Nov 2023 with Roc Mumbai I & aged 2 years 11 months as per MCA records.
Frequently asked questions
Ermelli is an active private limited company based in Mumbai, Maharashtra, India. The company works in manufacturing, within the electronics industry. It was incorporated on 23 November 2023 (3+ years old) and is registered under CIN U32111MH2023PTC414323.
Ermelli has 3 current directors:
- Rajen Kirtilal Shah - Director
- Binoy Rajen Shah - Director
- Malav Rajen Shah - Director
The latest financial statements of Ermelli 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 FY 2024 are in the company report.
The CIN (Corporate Identification Number) of Ermelli is U32111MH2023PTC414323. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ermelli was incorporated on 23 November 2023, making it 3+ years old. It is registered with the Registrar of Companies, Mumbai.
Binoy Rajen Shah was appointed as Director on 23 Nov 2023. Malav Rajen Shah was appointed as Director on 23 Nov 2023. Rajen Kirtilal Shah was appointed as Director on 23 Nov 2023.
The registered office of Ermelli is at 1920 Floor 16th Jain Tower Padmakar L Khandke Marg, Mathew Road Opera House, Mumbai, Maharashtra, India – 400004.
Ermelli operates in the electronics industry, in the manufacturing segment.
The compliance status of Ermelli is compliant as of 10 September 2026. The company is actively filing with the Registrar of Companies.
Ermelli can be reached at its registered office: 1920 Floor 16th Jain Tower Padmakar L Khandke Marg, Mathew Road Opera House, Mumbai, Maharashtra, India – 400004.
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