Ethical Merchants Private Limited - Company Profile

It is a metals and minerals private limited company based in Asansol, West Bengal, India, established in 2020.
2020 Asansol, West Bengal, India Active
Last Updated:
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About Ethical Merchants Private Limited

Ethical Merchants Private Limited, a active private limited company, was established on 18 November 2020 in Asansol, West Bengal, India. Engaging in materials retail & distribution within the trade sector, it holds CIN: U46909WB2020PTC241359. Registered under ROC Roc Kolkata. it is unlisted. It has an authorized capital of ₹1.00 M and a paid-up capital of ₹1.00 M.

Its leadership includes Bimal Kumar Narnolia (Director), Ajay Agarwal (Director), Akash Agarwal (Director). Past directors included Pradeep Bajoria, Sanjay Bajoria, Akash Agarwal. It holds ₹10.20 Cr open charges and no settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Floor-Ground Floor, Apartment-Bani Park Road-Lower Chelidanga Road, Asansol, West Bengal, 713304.

Company Details
  • Email
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  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U46909WB2020PTC241359

  • Registration Number

    241359

  • Incorporation Date

    18 November 2020

  • Authorized Capital

    ₹1.00 M

  • Paid-Up Capital

    ₹1.00 M

  • ROC Code

    Roc Kolkata

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 1.00 M
  • Company Age 5 Year, 3 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 10.20 Cr
Company report

Ethical Merchants Private Limited

Company Report FY 2025-2026

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Who are the key members and board of directors at Ethical Merchants Private Limited?
Current Directors
Name Designation Appointment Date Status
Bimal Kumar Narnolia Director 18 Nov 2020 Current
Ajay Agarwal Director 18 Nov 2020 Current
Akash Agarwal Director 05 Mar 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 25 Mar 2022 Past
Pramod Abcsdd Director 25 Mar 2022 Past
Pramod Abcsdd Director 18 Oct 2025 Past

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Financial Performance of Ethical Merchants.
Ethical Merchants revenue growth over time
Ethical Merchants profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
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(FY 2022) (FY 2021) (FY 2020) (FY 2019)
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What is the Ownership and Shareholding Structure of Ethical Merchants?

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Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹101,983,093.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Axis Bank Limited : 8.96 Cr
  • Others : 1.03 Cr
  • Hdfc Bank Limited : 0.21 Cr
Latest Charge Details
Date Lender Amount Status
06 Nov 2025 Others ₹1.03 Cr Open
22 Aug 2025 Axis Bank Limited ₹4.57 M Open
08 Jul 2024 Hdfc Bank Limited ₹2.07 M Open
14 Jun 2024 Axis Bank Limited ₹8.50 Cr Open

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How Many Employees Work at Ethical Merchants?

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Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

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Rating
Graph displaying rating trends over time

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Alerts
Alert Indicator

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Latest Updates, News, and FAQs on Ethical Merchants
Recent Activity within the Organization
  • Charges

    Progress on A charge with Others amounted to Rs. 10.35 M with Charge ID 101179562 was registered on 06 Nov 2025. was documented.

  • Annual General Meeting

    Progress on Ethical Merchants Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was documented.

  • Charges

    The activity A charge with Axis Bank Limited amounted to Rs. 4.57 M with Charge ID 101148268 was registered on 22 Aug 2025. was completed.

  • Charges

    Progress on A charge with Axis Bank Limited of Rs. 85.00 M registered on 14 Jun 2024 with Charge ID 100941406 was modified on 03 Jun 2025. was documented.

  • Balance Sheet

    Ethical Merchants Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata. was recorded as a recent event.

  • Director Appointment

    Akash Agarwal was appointed as a Director was appointed as a Director on 05 Mar 2025 & has been associated with this company since 11 months 19 days . was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Ethical Merchants Private Limited?

The CIN of Ethical Merchants Private Limited is U46909WB2020PTC241359.

Where is Ethical Merchants Private Limited headquartered?

Ethical Merchants Private Limited is headquartered at Floor-Ground Floor, Apartment-Bani Park Road-Lower Chelidanga Road, Asansol, West Bengal, 713304.

When was Ethical Merchants Private Limited incorporated?

Ethical Merchants Private Limited was incorporated on 18 November 2020.

Who are the current directors of Ethical Merchants Private Limited?

The current directors of Ethical Merchants Private Limited are

What is the primary industry of Ethical Merchants Private Limited?

The primary industry of Ethical Merchants Private Limited is Trade.

Is Ethical Merchants Private Limited a listed company?

Ethical Merchants Private Limited is unlisted.

What is the capital structure of Ethical Merchants Private Limited?

The authorized capital of Ethical Merchants Private Limited is ₹1.00 M, and the paid-up capital is ₹1.00 M.

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