About HM Mercantiles Private Limited
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HM Mercantiles Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the financial product distributors segment of the financial services sector. It was incorporated on 06 February 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U74210OR2014PTC017805. Its GSTIN is 21AADCH3526N1ZO (Odisha).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹47.5 Lakh. It is led by directors including Hemalata Mahakud and Mayadhar Mahakud.
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 Bhubaneswar, Odisha.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.51 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹6.52 Cr (net margin 62%) and EBITDA of ₹7.92 Cr (EBITDA margin 75.3%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 3% over five years.
The company is associated with 1 brand: HM Mercantiles. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹9 Lakh; the latest was in March 2016.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hmmercantiles.in.
Company details
Contact details
HM Mercantiles Private Limited's registered office is in Bhubaneswar, Odisha. Its website is hmmercantiles.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressN2/168 1st Floor, Nayapalli, Bhubaneswar, Odisha, India – 751015
- IndustryFinancial Services, Financial Product Distributors
To see the full contact details of HM Mercantiles 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
Brands
HM Mercantiles operates one associated brand: HM Mercantiles. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial advisory services including mutual funds and investment planning in India. | hmmercantiles.in |
Business activity
The main business activity of HM Mercantiles is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of HM Mercantiles Private Limited, buy the company report.
Financials of HM Mercantiles Private Limited
FY 2025 filings availableHM Mercantiles Private Limited reported revenue of ₹10.51 Cr (up 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 16% growth in the latest year. EBITDA rose 28% 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 | ₹7.92 Cr | ||||
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| Net Profit (PAT) | ₹6.52 Cr | ||||
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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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| EBITDA Margin | 75.3% | ||||
| Net Profit Margin | 62% | ||||
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To see the full financial statements and ratios of HM Mercantiles Private Limited, buy the company report.
Board of directors of HM Mercantiles Private Limited
HM Mercantiles 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 |
|---|---|---|---|---|
| Hemalata Mahakud | Director | 06 Feb 2014 | 12 Years 8 Months | Current |
| Mayadhar Mahakud Also directs: Rabisons Lifestyles Private Limited | Director | 06 Feb 2014 | 12 Years 8 Months | Current |
| Manas Ranjan Rout Also directs: Pioneer Holon Agroecology Private Limited | Director | 01 Oct 2024 | 2 Years 0 Months | Current |
Auditor
HM Mercantiles Private Limited is audited by N MOHANTY & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N MOHANTY & CO | FY 2019 | 016551N |
Shareholding
The shareholding of HM Mercantiles Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of HM Mercantiles Private Limited, buy the company report.
Deals & funding
HM Mercantiles Private Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹9 Lakh; the latest was in March 2016.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Funding round | ₹9 Lakh | Investors: 2 individuals |
| Feb 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jan 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving HM Mercantiles Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for HM Mercantiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
HM Mercantiles has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AADCH3526N1ZO | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of HM Mercantiles Private Limited, buy the company report.
Recent activity
HM Mercantiles Private Limited has 4 board changes on record since 2014: 3 appointments and 1 cessation. The latest: Manas Ranjan Rout ceased to be Additional Director on 29 Sep 2025.
Frequently asked questions
HM Mercantiles is an active private limited company based in Bhubaneswar, Odisha, India. The company works in financial product distributors, within the financial services industry. It was incorporated on 06 February 2014 (12+ years old) and is registered under CIN U74210OR2014PTC017805.
HM Mercantiles has 3 current directors:
- Hemalata Mahakud - Director
- Mayadhar Mahakud - Director
- Manas Ranjan Rout - Director
The latest financial statements of HM Mercantiles 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 GSTIN of HM Mercantiles is 21AADCH3526N1ZO, registered in Odisha.
The CIN (Corporate Identification Number) of HM Mercantiles is U74210OR2014PTC017805. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HM Mercantiles was incorporated on 06 February 2014, making it 12+ years old. It is registered with the Registrar of Companies, Cuttack.
HM Mercantiles has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹9 Lakh; the latest was in March 2016.
Manas Ranjan Rout ceased to be Additional Director on 29 Sep 2025. Manas Ranjan Rout was appointed as Director on 01 Oct 2024. Hemalata Mahakud was appointed as Director on 06 Feb 2014. HM Mercantiles has 4 board changes on record in total.
HM Mercantiles can be reached through the website hmmercantiles.in. Its registered office is in Bhubaneswar, Odisha, India.
The registered office of HM Mercantiles is at N2168 1st Floor, Nayapalli, Bhubaneswar, Odisha, India – 751015.