Glycosic Merchants Pvt.Ltd.
About Glycosic Merchants Pvt.Ltd.
Data last updated:
Glycosic Merchants Pvt.Ltd. is a private limited company based in Kolkata, West Bengal, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 06 January 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB1995PTC067153.
The company has an authorised share capital of ₹1.53 Cr and a paid-up capital of ₹1.44 Cr. It is led by directors Nitin Narayanrao Patil and Rakesh Harichandra Dhote.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 5F Everest46/C Chowringhee Road, Kolkata, West Bengal, India – 700071.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.04 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹2.85 Lakh (net margin -2.7%) and EBITDA of ₹76.96 Lakh (EBITDA margin 73.9%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years and 28% over five years.
Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Glycosic Merchants Pvt.Ltd.'s registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address5F Everest46/C Chowringhee Road, Kolkata, West Bengal, India – 700071
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Glycosic Merchants Pvt.Ltd., 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
Business activity
The main business activity of Glycosic Merchants is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Glycosic Merchants Pvt.Ltd., buy the company report.
Financials of Glycosic Merchants Pvt.Ltd.
FY 2025 filings availableGlycosic Merchants Pvt.Ltd. reported revenue of ₹1.04 Cr (down 71% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over five years, including a 71% fall in the latest year. EBITDA fell 76% 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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| Total Expenses | |||||
| EBITDA | ₹76.96 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.85 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 73.9% | ||||
| Net Profit Margin | -2.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Glycosic Merchants Pvt.Ltd., buy the company report.
Board of directors of Glycosic Merchants Pvt.Ltd.
Glycosic Merchants has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Narayanrao Patil | Director | 28 Dec 2023 | 2 Years 10 Months | Current |
| Rakesh Harichandra Dhote Also directs: Xerxes Traders Pvt. Ltd., Kalash Finserv LLP, Aluvista Windows Private Limited and 2 more | Director | 18 Oct 2022 | 4 Years 0 Months | Current |
Peer comparison
Glycosic Merchants Pvt.Ltd. is compared with the 5 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Wind Power Vinimay Pvt Ltd | ₹1.04 Cr (FY 2025) | -6.0% | Kolkata, West Bengal, India | |||
| Corporate Finvest India Private Limited | ₹1.04 Cr (FY 2025) | 20.0% | Delhi, India | |||
| Assure Financial Services Private Limited | ₹1.04 Cr (FY 2025) | -18.0% | New Delhi, Delhi, India | |||
| Glycosic Merchants Pvt.Ltd.this company | ₹1.04 Cr (FY 2025) | -₹2.85 Lakh | -2.7% | -71.0% | Kolkata, West Bengal, India | |
| Hanurang Mercantiles Pvt.Ltd. | ₹1.04 Cr (FY 2024) | 7.0% | Kolkata, West Bengal, India | |||
| Rubicam Agencies Pvt.Ltd. | ₹1.04 Cr (FY 2025) | 16.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Glycosic Merchants Pvt.Ltd., buy the company report.
Auditor
Glycosic Merchants Pvt.Ltd. is audited by SPSA & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SPSA & Co. | FY 2022 | 019888N |
Shareholding
The shareholding of Glycosic Merchants Pvt.Ltd. is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Glycosic Merchants Pvt.Ltd., buy the company report.
Legal cases
Glycosic Merchants Pvt.Ltd. has 5 court cases on record: 2 filed by Glycosic Merchants, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 3 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CAT) | Filed against the company by The Commissioner of Income-Tax (Central), Nagpur | Disposed |
| Bombay High Court | Court case (ITL) | Filed against the company by The Commissioner of Income-Tax (Central), Nagpur | Disposed |
| Calcutta High Court | Appeal | Filed by the company | Disposed |
| Calcutta High Court | Company petition | Filed by the company | Disposed |
To see the full case history of Glycosic Merchants Pvt.Ltd., 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 Glycosic Merchants Pvt.Ltd.; 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 Glycosic Merchants Pvt.Ltd.; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Glycosic Merchants Pvt.Ltd. has 10 board changes on record since 2010: 2 appointments and 8 cessations. The latest: Nitesh Mohanlal Trivedi ceased to be Director on 29 Dec 2023.
1 earlier event is in the company report.
Frequently asked questions
Glycosic Merchants is an active private limited company based in Kolkata, West Bengal, India. The company works in nbfc, within the financial services industry. It was incorporated on 06 January 1995 (31+ years old) and is registered under CIN U51909WB1995PTC067153.
Glycosic Merchants has 2 current directors:
- Nitin Narayanrao Patil - Director
- Rakesh Harichandra Dhote - Director
The latest financial statements of Glycosic Merchants on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Glycosic Merchants is U51909WB1995PTC067153. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Glycosic Merchants has 5 court cases on record: 2 filed by the company and 3 filed against it.
Glycosic Merchants was incorporated on 06 January 1995, making it 31+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Glycosic Merchants by revenue are Wind Power Vinimay Pvt Ltd, Corporate Finvest India Private Limited, Assure Financial Services Private Limited, Hanurang Mercantiles Pvt.Ltd, Rubicam Agencies Pvt.Ltd, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (activities auxiliary to financial service and insurance activities).
Nitesh Mohanlal Trivedi ceased to be Director on 29 Dec 2023. Nitin Narayanrao Patil was appointed as Director on 28 Dec 2023. Rakesh Harichandra Dhote ceased to be Additional Director on 15 Sep 2023. Glycosic Merchants has 10 board changes on record in total.
The registered office of Glycosic Merchants is at 5F Everest46C Chowringhee Road, Kolkata, West Bengal, India – 700071.
Glycosic Merchants operates in the financial services industry, in the nbfc segment.
The compliance status of Glycosic Merchants is compliant as of 15 August 2026. The company is actively filing with the Registrar of Companies.
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