Hermes Commerce Private Limited
About Hermes Commerce Private Limited
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Hermes Commerce Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Goswami Infratech Private Limited. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 24 January 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1986PTC038746.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.4 Cr. It was formerly known as Breejenbout (India) Private Limited. It is led by directors Adil Pallonji Khambata and Ardeshir Homi Daruwalla.
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 70 Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400023.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.64 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹1.2 Cr (net margin 73.3%) and EBITDA of ₹1.6 Cr (EBITDA margin 97.6%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 3% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹17,200 Cr and satisfied charges of ₹5,329.69 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address70 Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400023
- IndustryFinancial Services, Diversified Financial Services
- 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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Financials of Hermes Commerce Private Limited FY 2025 filings available
Hermes Commerce Private Limited reported revenue of ₹1.64 Cr (down 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Hermes Commerce Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 25% fall in the latest year. EBITDA fell 27% 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 of Hermes Commerce Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹1.6 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.2 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 of Hermes Commerce Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 97.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 73.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Hermes Commerce are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Hermes Commerce Private Limited
Hermes Commerce Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cute Vinimay Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| U V Infosolutions and Services Private Limited | •••• | •••• | •••• | •••• | - | Uttar Pradesh, India |
| Highgrowth Commosales Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Shimnit Finance and Investment Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Arthvritt Capital Services Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Hermes Commerce Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Fortune Tie-Up Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Swarnapushpa Vanijya Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Eazzymind Marketing India Private Limited | •••• | •••• | •••• | •••• | - | Tumkur, Karnataka, India |
| Combine Fin Products Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Doyen Commercial Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Hermes Commerce by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Hermes Commerce Private Limited
Hermes Commerce Private Limited is audited by J. C. BHATT & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J. C. BHATT & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Hermes Commerce Private Limited
Hermes Commerce has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Adil Pallonji Khambata Also directs: Cyrus Chemicals Private Limited, SP Advanced Engineering Materials Private Limited, Cyrus Engineers Private Limited and 5 more | Director | 09 Feb 2007 | 19 Years 7 Months | Current |
| Ardeshir Homi Daruwalla Also directs: SMCM Holdings Private Limited, Felicia Properties Private Limited, Shayrus Ventures Private Limited and 5 more | Director | 16 Apr 2007 | 19 Years 5 Months | Current |
Ownership and Shareholding of Hermes Commerce Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Hermes Commerce Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Jun 2025 | Sbicap Trustee Company Limited | ₹13,600 Cr | Open |
| 03 Jun 2022 | Others | ₹3,600 Cr | Open |
| 31 Mar 2021 | Sbicap Trustee Company Limited | ₹4,769.69 Cr | Satisfied |
| 23 Apr 2020 | Others | ₹160 Cr | Satisfied |
| 31 Oct 2019 | Idbi Trusteeship Services Limited | ₹400 Cr | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Hermes Commerce Private Limited
Hermes Commerce Private Limited has a workforce of 1 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Hermes Commerce Private Limited
Hermes Commerce has undergone 4 name changes throughout its history. The current legal name is Hermes Commerce Private Limited.
| Company Name | Status |
|---|---|
| Hermes Commerce Private Limited | Current |
| Breejenbout (India) Private Limited | Previous |
| Hermes Commerce Limited | Previous |
| Afcons Dredging And Marine Services Limited | Previous |
CIN History of Hermes Commerce Private Limited
Hermes Commerce has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51900MH1986PTC038746, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51900MH1986PTC038746 | Current |
| U51900MH1986PLC038746 | Previous |
| U45200MH1986PLC038746 | Previous |
Recent Activity on Hermes Commerce Private Limited
Hermes Commerce Private Limited has 4 board changes on record since 2007: 2 appointments and 2 cessations. The latest: Nirmal Chandmal Jagawat ceased to be Director on 16 Jul 2018.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hermes Commerce Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Hermes Commerce Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Hermes Commerce Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Hermes Commerce Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Hermes Commerce Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Hermes Commerce Private Limited
Hermes Commerce 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 January 1986 (40+ years old) and is registered under CIN U51900MH1986PTC038746.
Hermes Commerce reported revenue of ₹1.64 Cr for FY 2025 (down 25% YoY).
Hermes Commerce has 2 current directors:
- Adil Pallonji Khambata - Director
- Ardeshir Homi Daruwalla - Director
Hermes Commerce reported a net profit of ₹1.2 Cr (net margin 73.3%) and EBITDA of ₹1.6 Cr (EBITDA margin 97.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hermes Commerce is -4% over three years and -3% over five years. In the latest year (FY 2025) revenue fell 25%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Hermes Commerce is U51900MH1986PTC038746. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hermes Commerce was incorporated on 24 January 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Hermes Commerce by revenue are Cute Vinimay Private Limited, U V Infosolutions and Services Private Limited, Highgrowth Commosales Private Limited, Shimnit Finance and Investment Private Limited, Arthvritt Capital Services Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Nirmal Chandmal Jagawat ceased to be Director on 16 Jul 2018. Rajendran Ramaiyer Palambalakode ceased to be Director on 11 Jun 2012. Ardeshir Homi Daruwalla was appointed as Director on 16 Apr 2007. Hermes Commerce has 4 board changes on record in total.
The registered office of Hermes Commerce is at 70 Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400023.
Hermes Commerce has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.4 Cr.