About Mercatus Commerce Private Limited
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Mercatus Commerce Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Niyo Solutions Inc.. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 05 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U62013KA2019PTC130359. Its GSTIN is 29AADCF9389H1ZY (Karnataka).
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹7.92 Cr. It was formerly known as Finnew Payments Private Limited. It is led by directors Avinash Kumar Pandey and Abhishek Tandon.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 11th Floor Unit No G 1101 G 1102 G 1103 G 1101A And G 1101B Gamma Block Sigma Soft Tech Park, Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.93 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net loss of ₹15.97 Cr (net margin -38.1%) and EBITDA of -₹15.89 Cr (EBITDA margin -37.9%). Revenue has grown at a compounded annual rate (CAGR) of 328% over three years and 244% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Niyo. The company has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in December 2022. The company has 8 MSME Form 1 returns on record between 2021 and 2024, listing 39 overdue payments to 10 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website goniyo.com.
Company details
CIN history
Mercatus Commerce has one previous CIN (Corporate Identification Number): U72900KA2019PTC130359. The current CIN is U62013KA2019PTC130359, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62013KA2019PTC130359 | Current |
| U72900KA2019PTC130359 | Previous |
Contact details
Mercatus Commerce Private Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Apps
- Registered Address11th Floor Unit No G 1101 G 1102 G 1103 G 1101A And G 1101B Gamma Block Sigma Soft Tech Park, Ramagondanahalli Village Varthur Hobli Whitefield, Bangalore, Karnataka, India – 560066
- IndustryFinancial Services, Digital Payment Solutions
- 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
Brands
Mercatus Commerce operates one associated brand: Niyo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform for wealth management | goniyo.com |
Business activity
The main business activity of Mercatus Commerce is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Mercatus Commerce Private Limited, buy the company report.
Financials of Mercatus Commerce Private Limited
FY 2025 filings availableMercatus Commerce Private Limited reported revenue of ₹41.93 Cr (up 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 244% over five years, including 24% growth in the latest year. EBITDA fell 762% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹15.89 Cr | ||||
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| Net Profit (PAT) | -₹15.97 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -37.9% | ||||
| Net Profit Margin | -38.1% | ||||
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To see the full financial statements and ratios of Mercatus Commerce Private Limited, buy the company report.
Board of directors of Mercatus Commerce Private Limited
Mercatus Commerce has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avinash Kumar Pandey | Director | 02 Apr 2024 | 2 Years 7 Months | Current |
| Abhishek Tandon | Additional Director | 31 Oct 2025 | 1 Years 0 Months | Current |
Deals & funding
Mercatus Commerce Private Limited has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in December 2022.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Rights issue | ₹49.11 Cr | Investors: Niyo Solutions Inc. |
| Mar 2022 | Rights issue | ₹15.12 Cr | Investors: Niyo Solutions Inc. |
| Jan 2020 | Rights issue | ₹6 Cr | Investors: Niyo Solutions Inc. |
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: Niyo Solutions Inc., Niyo Solutions Inc. & Vinay Bagri, Niyo Solutions Inc. & Virender Singh Bisht Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Mercatus Commerce 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
Mercatus Commerce Private Limited has 8 MSME Form 1 returns on record between 2021 and 2024, listing 39 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Talented Webco Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Mercatus Commerce Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Mercatus Commerce has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCF9389H1ZY | Karnataka | Active | 21 Jul 2020 |
To see the full GST registrations and return filing status of Mercatus Commerce Private Limited, buy the company report.
Recent activity
Mercatus Commerce Private Limited has 8 board changes on record since 2023: 2 appointments and 6 cessations. The latest: Abhishek Tandon was appointed as Additional Director on 31 Oct 2025.
News
Frequently asked questions
Mercatus Commerce is an active private limited company based in Bangalore, Karnataka, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 05 December 2019 (7+ years old) and is registered under CIN U62013KA2019PTC130359.
Mercatus Commerce has 2 current directors:
- Avinash Kumar Pandey - Director
- Abhishek Tandon - Additional Director
The latest financial statements of Mercatus Commerce on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Mercatus Commerce is 29AADCF9389H1ZY, registered in Karnataka.
The CIN (Corporate Identification Number) of Mercatus Commerce is U62013KA2019PTC130359. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mercatus Commerce was incorporated on 05 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Mercatus Commerce has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in December 2022.
Abhishek Tandon was appointed as Additional Director on 31 Oct 2025. Avinash Kumar Pandey ceased to be Additional Director on 24 Sep 2024. Tushar Verma ceased to be Additional Director on 24 Sep 2024. Mercatus Commerce has 8 board changes on record in total.
Mercatus Commerce has 8 MSME Form 1 returns on record between 2021 and 2024, listing 39 overdue payments to 10 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Mercatus Commerce can be reached through the website goniyo.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Mercatus Commerce is at 11th Floor Unit No G 1101 G 1102 G 1103 G 1101A And G 1101B Gamma Block Sigma Soft Tech Park, Ramagondanahalli Village Varthur Hobli Whitefield, Bangalore, Karnataka, India – 560066.
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