Ethical Merchants Private Limited
About Ethical Merchants Private Limited
Data last updated: 06 January 2026
Ethical Merchants Private Limited is a private limited company based in Asansol, West Bengal, India. It specialises in materials retail and distribution, a part of the broader metals and mining sector. Incorporated on 18 November 2020, the company has been in operation for over 6 years.
Registered with ROC Kolkata under CIN U46909WB2020PTC241359.
Capital: an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Bimal Kumar Narnolia and Ajay Agarwal.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Floor – Ground Floor Apartment – Bani Park Road – Lower Chelidanga Road, Asansol, West Bengal, India – 713304.
As per the financials filed for FY 2025, the company reported a revenue of ₹35.6 Cr, a growth of 40% compared to the previous year.
As per MCA filings, the company has open charges of ₹10.2 Cr on record.
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Registered AddressFloor – Ground Floor Apartment – Bani Park Road – Lower Chelidanga Road, Asansol, West Bengal, India – 713304
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IndustryMetals and Minerals, Materials Retail & Distribution
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Ethical Merchants Private Limited
Ethical Merchants Private Limited has one previous CIN (Corporate Identification Number): U74999WB2020PTC241359. The current CIN is U46909WB2020PTC241359, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U46909WB2020PTC241359 | Current |
| U74999WB2020PTC241359 | Previous |
Business Activity of Ethical Merchants Private Limited
Ethical Merchants Private Limited is engaged in the principal business activity of wholesale and retail trade; repair of motor vehicles and motorcycles, with detailed activities including wholesale trade, except of motor vehicles and motorcycles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles | Locked |
Business activity turnover details for Ethical Merchants Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
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Board of Directors of Ethical Merchants Private Limited
Ethical Merchants Private Limited is currently managed by 3 directors, with 3 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bimal Kumar Narnolia | Director | 18 Nov 2020 | 5 Years 9 Months | Current |
| Ajay Agarwal | Director | 18 Nov 2020 | 5 Years 9 Months | Current |
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Akash Agarwal
Also directs:
Ethical Merchants Private Limited
|
Director | 05 Mar 2025 | 1 Years 5 Months | Current |
Financials of Ethical Merchants Private Limited FY 2025 filings available
Ethical Merchants Private Limited reported revenue of ₹35.6 Cr (up 40.00% YoY) for FY 2025.
Ten-year financial statements for Ethical Merchants Private Limited
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Charges & Borrowings of Ethical Merchants Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Nov 2025 | Others | ₹1.03 Cr | Open |
| 22 Aug 2025 | Axis Bank Limited | ₹45.72 Lakh | Open |
| 08 Jul 2024 | Hdfc Bank Limited | ₹20.65 Lakh | Open |
| 14 Jun 2024 | Axis Bank Limited | ₹8.5 Cr | Open |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Ethical Merchants Private Limited
View historical data on people associated with Ethical Merchants Private Limited, including employment history and EPFO contributions.
Employee and EPFO history for Ethical Merchants Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Ethical Merchants Private Limited
GST registrations and filing compliance for Ethical Merchants Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Ethical Merchants Private Limited
Credit ratings, litigation, and regulatory alerts for Ethical Merchants Private Limited
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MSME Payment Delays by Ethical Merchants Private Limited
MSME payment history for Ethical Merchants Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
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Subsidiaries & Group Companies of Ethical Merchants Private Limited
Corporate group structure for Ethical Merchants Private Limited
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MCA Filings & Documents of Ethical Merchants Private Limited
MCA filings and documents for Ethical Merchants Private Limited
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- Annual returns and statements
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- Complete filing index
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Recent Activity on Ethical Merchants Private Limited
Frequently Asked Questions about Ethical Merchants Private Limited
Ethical Merchants Private Limited is an active private limited company in the metals and minerals sector based in Asansol, West Bengal, India. It was incorporated on 18 November 2020 (6+ years old) and is registered under CIN U46909WB2020PTC241359.
Ethical Merchants Private Limited reported revenue of ₹35.6 Cr for FY 2025 (up 40.00% YoY).
The current directors of Ethical Merchants Private Limited are:
- Bimal Kumar Narnolia - Director
- Ajay Agarwal - Director
- Akash Agarwal - Director
The primary industry of Ethical Merchants Private Limited is metals and minerals. The company specifically operates in materials retail and distribution. The company is currently active in this sector.
Ethical Merchants Private Limited can be reached at the registered office: Floor – Ground Floor Apartment – Bani Park Road – Lower Chelidanga Road, Asansol, West Bengal, India – 713304.
The authorised capital is ₹10 Lakh, and the paid-up capital is ₹10 Lakh.