Iris Merchantile Private Limited
About Iris Merchantile Private Limited
Data last updated:
Iris Merchantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 14 March 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65929MH1990PTC055803.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Nayana Kirit Parikh (Managing Director) and Ajay Parikh Krishnakant.
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 101 Joy Residency 12th Road Ram Krishna Lane Khar – West, Mumbai, Maharashtra, India – 400052.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.3 Cr, a growth of 50% compared to the previous year. For the same year it recorded a net profit of ₹2.91 Cr (net margin 67.7%) and EBITDA of ₹3.51 Cr (EBITDA margin 81.6%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 7% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address101 Joy Residency 12th Road Ram Krishna Lane Khar – West, Mumbai, Maharashtra, India – 400052
- 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
- One PDF report, delivered after checkout
Business Activity of Iris Merchantile Private Limited
The main business activity of Iris Merchantile is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding and activities auxiliary to financial service and insurance activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding | Locked |
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Iris Merchantile Private Limited FY 2025 filings available
Iris Merchantile Private Limited reported revenue of ₹4.3 Cr (up 50% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Iris Merchantile Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 50% growth in the latest year. EBITDA rose 94% 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 Iris Merchantile 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 | ₹3.51 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.91 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 Iris Merchantile Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 81.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 67.7% | •••• | •••• | •••• | •••• |
| 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 Iris Merchantile 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.
Board of Directors of Iris Merchantile Private Limited
Iris Merchantile has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Parikh Krishnakant | Director | 11 Sep 2018 | 8 Years 1 Months | Current |
| Nayana Kirit Parikh | Managing Director | 29 Oct 2008 | 17 Years 11 Months | Current |
| Janak Ghanshyamlal Parekh | Director | 11 Sep 2018 | 8 Years 1 Months | Current |
Peer Comparison of Iris Merchantile Private Limited
Iris Merchantile Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Deutsche Asset Management (India) Private Limited | ₹4.32 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Ganga Vinimay Private Limited | ₹4.31 Cr (FY 2025) | •••• | •••• | -57.0% | •••• | Kolkata, West Bengal, India |
| Micromitti Real Estate Ventures Private Limited | ₹4.3 Cr (FY 2025) | •••• | •••• | 9726.0% | •••• | Indore, Madhya Pradesh, India |
| Triumph International Finance India Limited Listed | ₹4.3 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Mumbai, Maharashtra, India |
| Renuka Financial Services Private Limited | ₹4.3 Cr (FY 2025) | •••• | •••• | 147.0% | •••• | New Delhi, Delhi, India |
| Iris Merchantile Private Limited this company | ₹4.3 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | Mumbai, Maharashtra, India |
| Idfc Finance Limited | ₹4.3 Cr (FY 2016) | •••• | •••• | 120.0% | •••• | Mumbai, Maharashtra, India |
| Heirloom Finance Private Limited | ₹4.29 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Mumbai, Maharashtra, India |
| Sureworth Financial Services Private Limited | ₹4.29 Cr (FY 2024) | •••• | •••• | 414.0% | •••• | Jaipur, Rajasthan, India |
| Allegro Ventures India Private Limited | ₹4.28 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Mangalore, Karnataka, India |
| Dravyashala Financials Services Private Limited | ₹4.28 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Iris Merchantile by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Iris Merchantile Private Limited
Iris Merchantile Private Limited is audited by RAJEN DAMANI & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJEN DAMANI & 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.
Ownership and Shareholding of Iris Merchantile 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 Iris Merchantile Private Limited
Iris Merchantile Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Iris Merchantile Private Limited
Employment history and EPFO contributions of people linked to Iris Merchantile.
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.
Recent Activity on Iris Merchantile Private Limited
Iris Merchantile Private Limited has 6 board changes on record since 2008: 3 appointments and 3 cessations. The latest: Ajay Parikh Krishnakant was appointed as Director on 11 Sep 2018.
Credit Ratings, Litigation & Regulatory Alerts for Iris Merchantile 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 Iris Merchantile 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 Iris Merchantile 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 Iris Merchantile 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 Iris Merchantile 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 Iris Merchantile Private Limited
Iris Merchantile 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 14 March 1990 (36+ years old) and is registered under CIN U65929MH1990PTC055803.
Iris Merchantile reported revenue of ₹4.3 Cr for FY 2025 (up 50% YoY).
Iris Merchantile has 3 current directors:
- Nayana Kirit Parikh - Managing Director
- Ajay Parikh Krishnakant - Director
- Janak Ghanshyamlal Parekh - Director
Iris Merchantile reported a net profit of ₹2.91 Cr (net margin 67.7%) and EBITDA of ₹3.51 Cr (EBITDA margin 81.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Iris Merchantile is 17% over three years and 7% over five years. In the latest year (FY 2025) revenue rose 50%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Iris Merchantile is U65929MH1990PTC055803. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iris Merchantile was incorporated on 14 March 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Iris Merchantile by revenue are Deutsche Asset Management (India) Private Limited, Ganga Vinimay Private Limited, Micromitti Real Estate Ventures Private Limited, Triumph International Finance India Limited, Renuka Financial Services Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Ajay Parikh Krishnakant was appointed as Director on 11 Sep 2018. Janak Ghanshyamlal Parekh was appointed as Director on 11 Sep 2018. Nayana Kirit Parikh ceased to be Director on 11 Sep 2018. Iris Merchantile has 6 board changes on record in total.
The registered office of Iris Merchantile is at 101 Joy Residency 12th Road Ram Krishna Lane Khar – West, Mumbai, Maharashtra, India – 400052.
Iris Merchantile has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh.