Flex Mercantile India Private Limited
About Flex Mercantile India Private Limited
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Flex Mercantile India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the livestock and husbandry segment of the agriculture sector. It was incorporated on 16 August 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U01222MH1996PTC101912. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3.4 Cr and a paid-up capital of ₹2.32 Cr. It was formerly known as Express Hatcheries Private Limited. It is led by directors including Lalit Kumar Shyaam and Kajol Lalit Tekchandani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹46.77 Lakh, a decline of 50% compared to the previous year. For the same year it recorded a net profit of ₹31.32 Lakh (net margin 67%) and EBITDA of ₹38.06 Lakh (EBITDA margin 81.4%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 28% over five years.
Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Flex Mercantile India Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressOff – 13 Cts No – 410 S.I.C.H.S Ltd, Next To Acres Club Hemu Kalani Marg Chembur, Mumbai, Maharashtra, India – 400071
- IndustryAgriculture, Livestock & Husbandry
To see the full contact details of Flex Mercantile India 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 Flex Mercantile India Private Limited
FY 2024 filings availableFlex Mercantile India Private Limited reported revenue of ₹46.77 Lakh (down 50% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over five years, including a 50% fall in the latest year. EBITDA fell 52% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹38.06 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31.32 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 81.4% | ||||
| Net Profit Margin | 67% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Flex Mercantile India Private Limited, buy the company report.
Board of directors of Flex Mercantile India Private Limited
Flex Mercantile India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalit Kumar Shyaam Also directs: Emgee Enclave LLP, Binod Ferro Alloys Pvt Ltd, Kiranpani Port Private Limited and 5 more | Director | 15 Jun 2006 | 20 Years 4 Months | Current |
| Kajol Lalit Tekchandani Also directs: Emgee Enclave LLP, Krishiiv Hospitality Private Limited, Citi Lands and Leisure Private Limited and 1 more | Director | 15 Jun 2006 | 20 Years 4 Months | Current |
| Mahesh Kumar Also directs: Sol Lujo Y Consultoria (Bharat) Private Limited | Additional Director | 06 Nov 2025 | 1 Years 0 Months | Current |
Peer comparison
Flex Mercantile India Private Limited is compared with the 10 companies closest to it by revenue in the Agriculture industry (Animal Husbandry), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Akn Farms Private Limited | ₹49.62 Lakh (FY 2021) | 42.0% | Bangalore, Karnataka, India | |||
| Sustainable Dairy Services Private Limited | ₹49.58 Lakh (FY 2019) | Raipur, Chhattisgarh, India | ||||
| Vadakku Puliampatti Goat Producer Company Limited | ₹48.44 Lakh (FY 2024) | 120.0% | Kariapatti, Tamil Nadu, India | |||
| Kamla Prasad Sharda Devi Agro Producer Company Limited | ₹48.37 Lakh (FY 2024) | 17.0% | Sultanpur, Uttar Pradesh, India | |||
| Karmuhil Producer Company Limited | ₹47.05 Lakh (FY 2024) | 76.0% | Madurai, Tamil Nadu, India | |||
| Flex Mercantile India Private Limitedthis company | ₹46.77 Lakh (FY 2024) | ₹31.32 Lakh | 67% | -50.0% | Mumbai, Maharashtra, India | |
| Mid Valley Dairy and Agro Private Limited | ₹46.73 Lakh (FY 2025) | -61.0% | Chennai, Tamil Nadu, India | |||
| BKP Agro Producer Company Limited | ₹46.29 Lakh (FY 2025) | 239.0% | Nashik, Maharashtra, India | |||
| Digi Vet Care Private Limited | ₹46.2 Lakh (FY 2024) | 34.0% | New Delhi, Delhi, India | |||
| Dollso Information Technologies Private Limited | ₹46.19 Lakh (FY 2024) | 15.0% | Palwal, Haryana, India | |||
| Lakshmi Deep Constructions & Investments Private Limited | ₹45.37 Lakh (FY 2024) | 599.0% | New Delhi, Delhi, India |
To see the full peer comparison of Flex Mercantile India Private Limited, buy the company report.
Auditor
Flex Mercantile India Private Limited is audited by S M M P & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S M M P & ASSOCIATES | FY 2019 | 120438W |
Shareholding
The shareholding of Flex Mercantile India Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Flex Mercantile India Private Limited, buy the company report.
Legal cases
Flex Mercantile India Private Limited has 4 court cases on record: 2 filed by Flex Mercantile India, 2 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 2 |
| High courts | 2 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL.CASE) | Filed against the company | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed by the company against M/S World Media Ventures Limited and 3 others | Pending |
| Bombay High Court | Court case (APEAL) | Filed against the company | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company against an individual | Disposed |
To see the full case history of Flex Mercantile India Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Flex Mercantile India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Flex Mercantile India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Flex Mercantile India Private Limited, buy the company report.
Recent activity
Flex Mercantile India Private Limited has 4 board changes on record since 2006: 3 appointments and 1 cessation. The latest: Mahesh Kumar was appointed as Additional Director on 06 Nov 2025.
Frequently asked questions
Flex Mercantile India is an active private limited company based in Mumbai, Maharashtra, India. The company works in livestock and husbandry, within the agriculture industry. It was incorporated on 16 August 1996 (30+ years old) and is registered under CIN U01222MH1996PTC101912.
Flex Mercantile India has 3 current directors:
- Lalit Kumar Shyaam - Director
- Kajol Lalit Tekchandani - Director
- Mahesh Kumar - Additional Director
The latest financial statements of Flex Mercantile India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Flex Mercantile India has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Flex Mercantile India is U01222MH1996PTC101912. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flex Mercantile India has 4 court cases on record: 2 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Flex Mercantile India was incorporated on 16 August 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Flex Mercantile India by revenue are Akn Farms Private Limited, Sustainable Dairy Services Private Limited, Vadakku Puliampatti Goat Producer Company Limited, Kamla Prasad Sharda Devi Agro Producer Company Limited, Karmuhil Producer Company Limited and 5 more, all in the Agriculture industry (Animal Husbandry).
Mahesh Kumar was appointed as Additional Director on 06 Nov 2025. Karan Idnani Kishore ceased to be Director on 25 Sep 2016. Kajol Lalit Tekchandani was appointed as Director on 15 Jun 2006. Flex Mercantile India has 4 board changes on record in total.
The registered office of Flex Mercantile India is at Off – 13 Cts No – 410 S.I.C.H.S Ltd, Next To Acres Club Hemu Kalani Marg Chembur, Mumbai, Maharashtra, India – 400071.
Flex Mercantile India operates in the agriculture industry, in the livestock and husbandry segment.
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