About Evyavan Mercantile Private Limited
Data last updated:
Evyavan Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 21 July 2005.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2005PTC154967. Its GSTIN is 27AABCH5867L1Z2 (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It was formerly known as Highstreet Mercantile Company Private Limited. It is led by directors including Rita Aditya Kedia and Sharda Bubna.
Its last annual general meeting (AGM) was held on 27 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 414 Manish Chamber Sonawala Road Goregaon (East), Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2023, the company reported a revenue of ₹42.07 Lakh, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹27.09 Lakh (net margin -64.4%) and EBITDA of -₹27.08 Lakh (EBITDA margin -64.4%). Revenue has declined at a compounded annual rate (CAGR) of 97% over three years and 66% over five years.
Court records list 1 case involving the company, including 1 filed against it.
The last known website on record is evyavangroup.com.
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- Website
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- Registered Address414 Manish Chamber Sonawala Road Goregaon (East), Mumbai, Maharashtra, India – 400063
- IndustryFinancial Services, Diversified Financial Services
- 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
- One PDF report, delivered after checkout
Business Activity of Evyavan Mercantile Private Limited
The main business activities of Evyavan Mercantile are financial and insurance service and trade. In detail, this covers other financial activities and retail trading. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Evyavan Mercantile Private Limited FY 2023 filings available
Evyavan Mercantile Private Limited reported revenue of ₹42.07 Lakh (down 53% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Evyavan Mercantile Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 66% over five years, including a 53% fall in the latest year. EBITDA fell 169% 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 of Evyavan Mercantile Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹42.07 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹27.08 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹27.09 Lakh | •••• | •••• | •••• | •••• |
| 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 of Evyavan Mercantile Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -64.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -64.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Evyavan Mercantile are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Evyavan Mercantile Private Limited
Evyavan Mercantile has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rita Aditya Kedia Also directs: Evyavan Shares and Securities LLP, Evyavan Pharmaceuticals (India) Private Limited, Evyavan Global Private Limited and 1 more | Director | 16 Aug 2005 | 21 Years 2 Months | As last reported |
| Sharda Bubna Also directs: Evyavan Shares and Securities LLP, Evyavan Global Private Limited, Evyavan Properties Private Limited and 1 more | Director | 09 Jun 2021 | 5 Years 4 Months | As last reported |
| Shailesh Bhalchandra Desai | Irp/Rp/Liquidator | 13 Nov 2023 | 2 Years 11 Months | As last reported |
Peer Comparison of Evyavan Mercantile Private Limited
Evyavan Mercantile Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Epic Homes Ventures Private Limited | ₹42.21 Lakh (FY 2023) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Daga Rubber Works Private Limited | ₹42.13 Lakh (FY 2025) | •••• | •••• | 60.0% | •••• | Mumbai, Maharashtra, India |
| Saisamarth Fin Serv Private Limited | ₹42.13 Lakh (FY 2025) | •••• | •••• | 109.0% | •••• | Pune, Maharashtra, India |
| Isc Investment & Finance Private Limited | ₹42.12 Lakh (FY 2025) | •••• | •••• | -27.0% | •••• | Chennai, Tamil Nadu, India |
| Yathic Infrastructure Private Limited | ₹42.08 Lakh (FY 2024) | •••• | •••• | -94.0% | •••• | Mumbai, Maharashtra, India |
| Evyavan Mercantile Private Limited this company | ₹42.07 Lakh (FY 2023) | •••• | •••• | -53.0% | •••• | Mumbai, Maharashtra, India |
| Galena Services Private Limited | ₹42.07 Lakh (FY 2025) | •••• | •••• | 82.0% | •••• | New Delhi, Delhi, India |
| Skylark Tracom Private Limited | ₹42.05 Lakh (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Powerful Merchandise Private Limited | ₹42.03 Lakh (FY 2023) | •••• | •••• | 102.0% | •••• | Kolkata, West Bengal, India |
| Sukukar Holdings and Trdg.Co Pvt Ltd | ₹42.02 Lakh (FY 2025) | •••• | •••• | 79.0% | •••• | Pune, Maharashtra, India |
| Radix Investments and Leasing Private Limited | ₹41.98 Lakh (FY 2025) | •••• | •••• | 14.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Evyavan Mercantile by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Evyavan Mercantile Private Limited
Evyavan Mercantile Private Limited is audited by SAMDANI & HAMIRWASIA for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SAMDANI & HAMIRWASIA | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Evyavan Mercantile Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Evyavan Mercantile Private Limited
Evyavan Mercantile Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Evyavan Mercantile Private Limited
Evyavan Mercantile Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, New Delhi | Insolvency matter | Filed against the company by an individual | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Evyavan Mercantile Private Limited
Employment history and EPFO contributions of people linked to Evyavan Mercantile.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Evyavan Mercantile Private Limited
Evyavan Mercantile Private Limited has 6 board changes on record since 2005: 3 appointments and 3 cessations. The latest: Shailesh Bhalchandra Desai was appointed as Irp/Rp/Liquidator on 13 Nov 2023.
Credit Ratings, Litigation & Regulatory Alerts for Evyavan Mercantile Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Evyavan Mercantile Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Evyavan Mercantile Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Evyavan Mercantile Private Limited
Evyavan Mercantile has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCH5867L1Z2 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Evyavan Mercantile Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Evyavan Mercantile Private Limited
Evyavan Mercantile is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Evyavan Mercantile is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 21 July 2005 and is registered under CIN U51909MH2005PTC154967. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Evyavan Mercantile reported revenue of ₹42.07 Lakh for FY 2023 (down 53% YoY).
Evyavan Mercantile has 3 current directors:
- Rita Aditya Kedia - Director
- Sharda Bubna - Director
- Shailesh Bhalchandra Desai - Irp/Rp/Liquidator
Evyavan Mercantile reported a net loss of ₹27.09 Lakh (net margin -64.4%) and EBITDA of -₹27.08 Lakh (EBITDA margin -64.4%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Evyavan Mercantile is 97% over three years and -66% over five years. In the latest year (FY 2023) revenue fell 53%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Evyavan Mercantile is U51909MH2005PTC154967. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evyavan Mercantile has 1 court case on record: 1 filed against it.
Evyavan Mercantile was incorporated on 21 July 2005. It is registered with the Registrar of Companies, Mumbai.
The peers of Evyavan Mercantile by revenue are Epic Homes Ventures Private Limited, Daga Rubber Works Private Limited, Saisamarth Fin Serv Private Limited, Isc Investment & Finance Private Limited, Yathic Infrastructure Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Shailesh Bhalchandra Desai was appointed as Irp/Rp/Liquidator on 13 Nov 2023. Sharda Bubna ceased to be Additional Director on 30 Nov 2021. Ramautar Shriniwas Bubna ceased to be Director on 10 Jul 2021. Evyavan Mercantile has 6 board changes on record in total.