Gentex Merchants Private Limited

Gentex Merchants Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U51909MH1997PTC289509 Incorporated 24 February 1997 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company financial services
Data last updated
Revenue · FY 2024
₹3.6 Cr
▼ 13% YoY
Net loss · FY 2024
₹7.51 Cr
Net margin -208.6%
EBITDA · FY 2024
-₹1.61 Cr
EBITDA margin -44.7%
Authorised capital
₹181.5 Cr
Registered with MCA
Paid-up capital
₹168.47 Cr
Issued & subscribed
Company age
29 yrs
Est. 1997
Directors on board
2
As per MCA filings
Active GSTINs
2
of 3 registered

About Gentex Merchants Private Limited

Data last updated:

Gentex Merchants Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Maurindo Investments Limited,Mauritius. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 24 February 1997 and has been in existence for over 29 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH1997PTC289509. Its GSTIN is 27AABCG1491M1ZD (Maharashtra). The company holds 3 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹181.5 Cr and a paid-up capital of ₹168.47 Cr. It is led by directors Surya Prakash Kanodia and Aparna Devi.

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 81 Maker Chambers III 8th Floor 223 Nariman Point, Mumbai, Maharashtra, India – 400021.

As per the financials filed for FY 2024, the company reported a revenue of ₹3.6 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net loss of ₹7.51 Cr (net margin -208.6%) and EBITDA of -₹1.61 Cr (EBITDA margin -44.7%). Revenue has declined at a compounded annual rate (CAGR) of 19% over five years.

Its group structure includes 2 subsidiaries.

Court records list 7 cases involving the company, including 1 filed by the company and 6 filed against it; 3 cases are pending.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mittalinvestments.com.

Company details

CIN U51909MH1997PTC289509
Registration Number 289509
Incorporation Date 24 February 1997
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Maurindo Investments Limited,Mauritius
Compliance Status Active Compliant

CIN history

Gentex Merchants has one previous CIN (Corporate Identification Number): U51909WB1997PTC083040. The current CIN is U51909MH1997PTC289509, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U51909MH1997PTC289509Current
U51909WB1997PTC083040Previous

Contact details

Gentex Merchants Private Limited's registered office is in Mumbai, Maharashtra. Its website is mittalinvestments.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    81 Maker Chambers III 8th Floor 223 Nariman Point, Mumbai, Maharashtra, India – 400021
  • Industry
    Financial Services, Diversified Financial Services, Real Estate Financing

To see the full contact details of Gentex Merchants Private Limited, buy the company report.

Comprehensive company report
Gentex Merchants Private Limited - one report that includes everything
  • 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
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Business activity

The main business activity of Gentex Merchants is real estate activities. In detail, this covers real estate activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
LReal estate activities68Real estate activities

To see the full business activity and turnover split of Gentex Merchants Private Limited, buy the company report.

Financials of Gentex Merchants Private Limited

FY 2024 filings available

Gentex Merchants Private Limited reported revenue of ₹3.6 Cr (down 13% YoY) for FY 2024.

Revenue · FY 2024
₹3.6 Cr ▼ 13%
Net loss · FY 2024
₹7.51 Cr margin -208.6%
EBITDA · FY 2024
-₹1.61 Cr margin -44.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 13%
5 years · compounded
▼ 19%
EBITDA CAGR growth
1 year
▲ 74%
3 years · compounded
▼ 55%
5 years · compounded
▼ 31%

Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 13% fall in the latest year. EBITDA rose 74% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹1.61 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹7.51 Cr
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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-44.7%
Net Profit Margin-208.6%
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

To see the full financial statements and ratios of Gentex Merchants Private Limited, buy the company report.

Board of directors of Gentex Merchants Private Limited

Gentex Merchants has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Surya Prakash KanodiaDirector01 Oct 200818 Years 1 MonthsCurrent
Aparna DeviDirector15 Dec 20169 Years 10 MonthsCurrent

Auditor

Gentex Merchants Private Limited is audited by S.R. BATLIBOI & CO. LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
S.R. BATLIBOI & CO. LLPFY 2023301003E

Shareholding

The shareholding of Gentex Merchants Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Gentex Merchants Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Gentex Merchants Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Gentex Merchants has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Padmachhaya Properties Private LimitedU45201MH1998PTC281161
India Market Site Company Private LimitedU51900MH2000PTC126986

To see the full group structure of Gentex Merchants Private Limited, buy the company report.

GST

Gentex Merchants has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AABCG1491M1ZDMaharashtraActive26 Jul 2017
07AABCG1491M1ZFDelhiActive24 Aug 2017

To see the full GST registrations and return filing status of Gentex Merchants Private Limited, buy the company report.

Recent activity

Gentex Merchants Private Limited has 11 board changes on record since 2008: 2 appointments and 9 cessations. The latest: Preeti Shah ceased to be Company Secretary on 15 Feb 2021.

AGM
Gentex Merchants Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Gentex Merchants Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Preeti Shah ceased to be Company Secretary.
Ceased
Aparna Devi ceased to be Additional Director.
Ceased
Sunil Kumar Dahlan ceased to be Director.
Appointed
Aparna Devi was appointed as Director.
Ceased
Sanjay Shukla ceased to be Director.
Ceased
Kunal Dalmia ceased to be Director.
Ceased
Surya Prakash Kanodia ceased to be Additional Director.
Ceased
Radhika Devang Vora ceased to be Additional Director.
Ceased
Shekhar Kumar Sharda ceased to be Director.
Appointed
Surya Prakash Kanodia was appointed as Director.

2 earlier events are in the company report.

Frequently asked questions

Gentex Merchants is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 24 February 1997 (29+ years old) and is registered under CIN U51909MH1997PTC289509.

Gentex Merchants has 2 current directors:

The latest financial statements of Gentex Merchants 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.

The GSTIN of Gentex Merchants is 27AABCG1491M1ZD, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 07AABCG1491M1ZF (Delhi).

The CIN (Corporate Identification Number) of Gentex Merchants is U51909MH1997PTC289509. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Gentex Merchants has 7 court cases on record: 1 filed by the company and 6 filed against it. 3 are pending. Most are in the high courts.

Gentex Merchants was incorporated on 24 February 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.

Preeti Shah ceased to be Company Secretary on 15 Feb 2021. Aparna Devi ceased to be Additional Director on 21 Sep 2017. Sunil Kumar Dahlan ceased to be Director on 18 Jan 2017. Gentex Merchants has 11 board changes on record in total.

Gentex Merchants can be reached through the website mittalinvestments.com. Its registered office is in Mumbai, Maharashtra, India.

The registered office of Gentex Merchants is at 81 Maker Chambers III 8th Floor 223 Nariman Point, Mumbai, Maharashtra, India – 400021.