About Hazel Mercantile Limited
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Hazel Mercantile Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 16 October 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1995PLC093674. Its GSTIN is 27AAACH2671K2ZG (Maharashtra). The company holds 16 GST registrations, of which 13 are active.
The company has an authorised share capital of ₹50.1 Cr and a paid-up capital of ₹32.51 Cr. It was formerly known as Hazel Mercantile Private Limited. It is led by directors including Nitinkumar Dindayal Didwania (Managing Director) and Kunal Sharma.
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 181 Ahoka Shopping Centre 2nd Floor G T Hospital Complex L.T. Road, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2024, the company reported a revenue of ₹9,173.09 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹68.02 Cr (net margin 0.7%) and EBITDA of ₹149.42 Cr (EBITDA margin 1.6%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hazel Infra. As per MCA filings, the company has open charges of ₹1,080 Cr and satisfied charges of ₹708.89 Cr on record. Court records list 199 cases involving the company, including 131 filed by the company and 68 filed against it; 50 cases are pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹7.5 Cr; the latest was in March 2009. Its 5 peer companies in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 4 smaller; the largest is Reliance Ethane Pipeline Limited with revenue of ₹9,478.05 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hmlindia.com.
Company details
CIN history
Hazel Mercantile has one previous CIN (Corporate Identification Number): L51900MH1995PLC093674. The current CIN is U51900MH1995PLC093674, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51900MH1995PLC093674 | Current |
| L51900MH1995PLC093674 | Previous |
Contact details
Hazel Mercantile Limited's registered office is in Mumbai, Maharashtra. Its website is hmlindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address181 Ahoka Shopping Centre 2nd Floor G T Hospital Complex L.T. Road, Mumbai, Maharashtra, India – 400001
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Hazel Mercantile 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
Brands
Hazel Mercantile operates one associated brand: Hazel Infra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive real estate development services. | hazelinfra.com |
Business activity
The main business activity of Hazel Mercantile is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Hazel Mercantile Limited, buy the company report.
Financials of Hazel Mercantile Limited
FY 2024 filings availableHazel Mercantile Limited reported revenue of ₹9,173.09 Cr (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 2% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA fell 18% 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 | ₹149.42 Cr | ||||
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| Net Profit (PAT) | ₹68.02 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.6% | ||||
| Net Profit Margin | 0.7% | ||||
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To see the full financial statements and ratios of Hazel Mercantile Limited, buy the company report.
Board of directors of Hazel Mercantile Limited
Hazel Mercantile has 4 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yesha Bhupendra Hemani Also directs: Sanman Trade Impex Limited | Additional Director | 13 Dec 2024 | 1 Years 10 Months | Current |
| Nitinkumar Dindayal Didwania Also directs: Shubh Labh Agriculture Private Limited, Veritas Agro Ventures Private Limited, Hazel Infra Limited and 5 more | Managing Director | 01 Apr 1997 | 29 Years 6 Months | Current |
| Kunal Sharma Also directs: Veritas Agro Ventures Private Limited, Sanman Trade Impex Limited, Qatalyst Entec Private Limited and 5 more | Director | 07 Sep 2022 | 4 Years 1 Months | Current |
| Dhiraj Ravindra Palav Also directs: Sanman Trade Impex Limited, Dhrumil M. Shah & Co. LLP | Additional Director | 05 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Hazel Mercantile Limited is compared with the 5 companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Reliance Ethane Pipeline Limited | ₹9,478.05 Cr (FY 2025) | 5.0% | Ahmedabad, Gujarat, India | |||
| Hazel Mercantile Limitedthis company | ₹9,173.09 Cr (FY 2024) | ₹68.02 Cr | 0.7% | 2.0% | 26 | Mumbai, Maharashtra, India |
| Sun International Limited | ₹5,122.19 Cr (FY 2024) | 11.0% | Kolkata, West Bengal, India | |||
| Sharda Cropchem Limited | ₹4,379.39 Cr (FY 2025) | 36.0% | Mumbai, Maharashtra, India | |||
| Veritas (India) Limited | ₹4,103.92 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Tegral India Private Limited | ₹3,591.82 Cr (FY 2025) | -4.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Hazel Mercantile Limited, buy the company report.
Auditor
Hazel Mercantile Limited is audited by Murarilal Agrawal & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Murarilal Agrawal & Associates | FY 2023 | 130696W |
Shareholding
The shareholding of Hazel Mercantile 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hazel Mercantile Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Oct 2004 | 80027453 | Punjab National Bank (Lead Bank) | ₹1,080 Cr | Open | |
| 31 May 2021 | 100461681 | State Bank of India | ₹2.5 Cr | Satisfied | |
| 27 May 2021 | 100452693 | Others | ₹5 Cr | Satisfied | |
| 18 Aug 2020 | 100415847 | State Bank of India | ₹2.5 Cr | Satisfied | |
| 14 Aug 2020 | 100437368 | Others | ₹2.5 Cr | Satisfied |
To see the full charge records of Hazel Mercantile Limited, buy the company report.
Total charge records: 32 View all charges
Deals & funding
Hazel Mercantile Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹7.5 Cr; the latest was in March 2009.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2009 | Funding round | ₹2.5 Cr | Investors: an individual |
| Mar 2007 | Funding round | ₹5 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hazel Mercantile Limited has 199 court cases on record: 131 filed by Hazel Mercantile, 68 filed against it. 50 cases are pending and 149 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 110 | 45 | 22 |
| District courts | 64 | 16 | 21 |
| NCLAT | 10 | 4 | 4 |
| Supreme Court | 9 | 3 | 3 |
| NCLT | 6 | 0 | 0 |
Cases on record (5 of 199)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1601-Direct Taxation : Income Tax Act, 1961, Wealth Tax Act, 1957, Gift Tax Act, 1958, Excess Profits Tax Act, 1940, Business Profit Tax Act, 1947 [other than matters covered by categories 1602-1605]) | Filed against the company by Assistant Commissioner of Income Tax Circle 1(1)(1) and 5 others | Disposed |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed by the company against Indian Oil Corporation Ltd. | Pending |
| High Court of Orissa | Writ petition | Filed by the company against M/S Mideast Integrated Steels Ltd., Jajpur and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Zenith Steel Pipes and Industries Ltd Formerly Known As Zenith Birla India Ltd and 1 other | Pending |
| District court, Faridabad, Haryana | Execution petition | Filed by the company against M/S Lakhani Shoe Co.Pvt. Ltd. and 1 other | Pending |
To see the full case history of Hazel Mercantile 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.
Credit ratings & regulatory alerts
Hazel Mercantile Limited was last rated by Crisil on 28 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 28 Oct 2021 |
To see the full credit ratings and regulatory alerts of Hazel Mercantile Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hazel Mercantile Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Hazel Mercantile has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Hazel Mercantile Limited has a workforce of 26 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Hazel Mercantile has 16 GST registrations: 13 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH2671K2ZG | Maharashtra | Active | 17 Jul 2017 |
| 07AAACH2671K1ZJ | Delhi | Active | 01 Jul 2017 |
| 08AAACH2671K1ZH | Rajasthan | Active | 01 Jul 2017 |
| 19AAACH2671K1ZE | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hazel Mercantile Limited, buy the company report.
Recent activity
Hazel Mercantile Limited has 18 board changes on record since 1997: 5 appointments and 13 cessations. The latest: Dhiraj Ravindra Palav was appointed as Additional Director on 05 Mar 2025.
78 earlier events are in the company report.
Frequently asked questions
Hazel Mercantile is an active public limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 16 October 1995 (31+ years old) and is registered under CIN U51900MH1995PLC093674.
Hazel Mercantile has 4 current directors:
- Nitinkumar Dindayal Didwania - Managing Director
- Yesha Bhupendra Hemani - Additional Director
- Kunal Sharma - Director
- Dhiraj Ravindra Palav - Additional Director
The latest financial statements of Hazel Mercantile on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Hazel Mercantile is 27AAACH2671K2ZG, registered in Maharashtra. The company has 16 GST registrations in all, of which 13 are active and 3 are cancelled or inactive. Other active GSTINs include 07AAACH2671K1ZJ (Delhi), 08AAACH2671K1ZH (Rajasthan), 19AAACH2671K1ZE (West Bengal).
The CIN (Corporate Identification Number) of Hazel Mercantile is U51900MH1995PLC093674. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hazel Mercantile has 199 court cases on record: 131 filed by the company and 68 filed against it. 50 are pending. Most are in the high courts.
Hazel Mercantile was incorporated on 16 October 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Hazel Mercantile has 2 deals on record (2 funding rounds), with disclosed funding of ₹7.5 Cr; the latest was in March 2009.
The peers of Hazel Mercantile by revenue are Reliance Ethane Pipeline Limited, Sun International Limited, Sharda Cropchem Limited, Veritas (India) Limited, Tegral India Private Limited, all in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading).
Dhiraj Ravindra Palav was appointed as Additional Director on 05 Mar 2025. Yesha Bhupendra Hemani was appointed as Additional Director on 13 Dec 2024. Kunal Sharma ceased to be Additional Director on 14 Mar 2023. Hazel Mercantile has 18 board changes on record in total.
Hazel Mercantile can be reached through the website hmlindia.com. Its registered office is in Mumbai, Maharashtra, India.