First Mercantile Wealth Management Services Private Limited
About First Mercantile Wealth Management Services Private Limited
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First Mercantile Wealth Management Services Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 17 May 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2001PTC243896.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bharat Naidu Bobbili and Srinivas Gomatham.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 503 Varun Vasant Leela Chs Ltd Off Ghodbunder Rd, Thane, Maharashtra, India – 400601.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.27 Lakh, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹5.88 Lakh (net margin -464.2%) and EBITDA of ₹1.07 Lakh (EBITDA margin 84.2%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
First Mercantile Wealth Management Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U67190MH2001PTC243896, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190MH2001PTC243896 | Current |
| U67190AP2001PTC036750 | Previous |
| U66030AP2001PTC036750 | Previous |
Contact details
First Mercantile Wealth Management Services Private Limited's registered office is in Thane, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address503 Varun Vasant Leela Chs Ltd Off Ghodbunder Rd, Thane, Maharashtra, India – 400601
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
To see the full contact details of First Mercantile Wealth Management Services Private Limited, buy the company report.
- 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
Financials of First Mercantile Wealth Management Services Private Limited
FY 2024 filings availableFirst Mercantile Wealth Management Services Private Limited reported revenue of ₹1.27 Lakh (down 95% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 95% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 70% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹1.07 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹5.88 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 84.2% | |||
| Net Profit Margin | -464.2% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of First Mercantile Wealth Management Services Private Limited, buy the company report.
Board of directors of First Mercantile Wealth Management Services Private Limited
First Mercantile Wealth Management Services has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Naidu Bobbili Also directs: Karvy Realty & Services Limited, Karvy Forex & Currencies Private Limited, Compar Estates and Agencies Private Limited and 5 more | Director | 06 Jan 2020 | 6 Years 10 Months | Current |
| Srinivas Gomatham | Director | 21 Aug 2019 | 7 Years 2 Months | Current |
Peer comparison
First Mercantile Wealth Management Services Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Wealth Management), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Enam Wealth Management Co. Private Limited | ₹1.57 Lakh (FY 2025) | 16.0% | Mumbai, Maharashtra, India | |||
| Aparajita Wealth Management Private Limited | ₹1.54 Lakh (FY 2025) | 36.0% | Ranchi, Jharkhand, India | |||
| Amideep Wealth Management Private Limited | ₹1.52 Lakh (FY 2024) | 2298.0% | Mumbai, Maharashtra, India | |||
| Prosperria Wealth Management India Private Limited | ₹1.5 Lakh (FY 2024) | -63.0% | New Delhi, Delhi, India | |||
| Shri Annai Investments and Wealth Management India Private Limited | ₹1.38 Lakh (FY 2023) | Coimbatore, Tamil Nadu, India | ||||
| First Mercantile Wealth Management Services Private Limitedthis company | ₹1.27 Lakh (FY 2018) | -₹5.88 Lakh | -464.2% | -95.0% | Thane, Maharashtra, India | |
| JM Wealth Management Private Limited | ₹1.13 Lakh (FY 2018) | Mumbai, Maharashtra, India | ||||
| Money Maker Wealth Management Private Limited | ₹1.05 Lakh (FY 2021) | 7.0% | Nagpur, Maharashtra, India | |||
| Sandhya Wealth Management Private Limited | ₹1.03 Lakh (FY 2021) | Thane, Maharashtra, India | ||||
| Ahan Wealth Management Services Private Limited | ₹97,247 (FY 2025) | -93.0% | Mumbai, Maharashtra, India | |||
| MK Rathi Wealth Management Private Limited | ₹85,000 (FY 2025) | 6.0% | Kota, Rajasthan, India |
To see the full peer comparison of First Mercantile Wealth Management Services Private Limited, buy the company report.
Auditor
First Mercantile Wealth Management Services Private Limited is audited by B S K S & Co. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S K S & Co. | FY 2017 | 017471S |
Shareholding
The shareholding of First Mercantile Wealth Management Services Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of First Mercantile Wealth Management Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving First Mercantile Wealth Management Services 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 First Mercantile Wealth Management Services 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 First Mercantile Wealth Management Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
First Mercantile Wealth Management Services Private Limited has 11 board changes on record since 2009: 2 appointments and 9 cessations. The latest: Srinivas Gomatham ceased to be Director on 29 Mar 2022.
2 earlier events are in the company report.
Frequently asked questions
First Mercantile Wealth Management Services is an active private limited company based in Thane, Maharashtra, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 17 May 2001 (25+ years old) and is registered under CIN U67190MH2001PTC243896.
First Mercantile Wealth Management Services has 2 current directors:
- Bharat Naidu Bobbili - Director
- Srinivas Gomatham - Director
The latest financial statements of First Mercantile Wealth Management Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of First Mercantile Wealth Management Services is U67190MH2001PTC243896. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
First Mercantile Wealth Management Services was incorporated on 17 May 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of First Mercantile Wealth Management Services by revenue are Enam Wealth Management Co. Private Limited, Aparajita Wealth Management Private Limited, Amideep Wealth Management Private Limited, Prosperria Wealth Management India Private Limited, Shri Annai Investments and Wealth Management India Private Limited and 5 more, all in the BFSI industry (Wealth Management).
Srinivas Gomatham ceased to be Director on 29 Mar 2022. Srinivasan Sethuraman ceased to be Director on 10 Jan 2020. Bharat Naidu Bobbili was appointed as Director on 06 Jan 2020. First Mercantile Wealth Management Services has 11 board changes on record in total.
The registered office of First Mercantile Wealth Management Services is at 503 Varun Vasant Leela Chs Ltd Off Ghodbunder Rd, Thane, Maharashtra, India – 400601.
First Mercantile Wealth Management Services operates in the financial services industry, in the auxiliary to financial intermediatory segment.
The compliance status of First Mercantile Wealth Management Services is compliant as of 03 September 2026. The company is actively filing with the Registrar of Companies.
First Mercantile Wealth Management Services can be reached at its registered office: 503 Varun Vasant Leela Chs Ltd Off Ghodbunder Rd, Thane, Maharashtra, India – 400601.
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