About Mathew Easow Research Securities Ltd
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Mathew Easow Research Securities Ltd is a public 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 12 August 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L74910WB1994PLC064483. Its GSTIN is 19AACCM0435A1Z2 (West Bengal). Its shares are listed on BSE: 511688.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹6.65 Cr. It is led by directors including Beda Nand Choudhary (Whole-Time Director) and Pritha Sinha Pandey.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 128 Rash Behari Avenue P S Tollygunj, Kolkata, West Bengal, India – 700029.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.47 Cr, a growth of 1.04% compared to the previous year.
The company is associated with 2 brands: Mathew Easow Research Securities and MERSL. Court records list 8 cases involving the company, including 7 filed by the company and 1 filed against it; 5 cases are pending. The company has 83 deals on record (82 market trades, 1 acquisition); the latest was in October 2022. Its 4 peer companies in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 1 larger and 3 smaller; the largest is The Didwana Investment Company Limited with revenue of ₹3.51 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 mersl.in.
Company details
CIN history
Mathew Easow Research Securities has one previous CIN (Corporate Identification Number): U74910WB1994PLC064483. The current CIN is L74910WB1994PLC064483, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74910WB1994PLC064483 | Current |
| U74910WB1994PLC064483 | Previous |
Contact details
Mathew Easow Research Securities Ltd's registered office is in Kolkata, West Bengal. Its website is mersl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address128 Rash Behari Avenue P S Tollygunj, Kolkata, West Bengal, India – 700029
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Mathew Easow Research Securities 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
Brands
Mathew Easow Research Securities operates two associated brands: Mathew Easow Research Securities and MERSL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial assistance through loan syndication is provided by MERSL. | mersl.co.in | |
| Securities research and investment services are offered in India. | mersl.in |
Business activity
Mathew Easow Research Securities operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Other financial activities |
To see the full business activity and turnover split of Mathew Easow Research Securities Ltd, buy the company report.
Financials of Mathew Easow Research Securities Ltd
FY 2025 filings availableMathew Easow Research Securities Ltd reported revenue of ₹2.47 Cr (up 1.04% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1.04% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Revenue | ₹2.47 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Mathew Easow Research Securities Ltd, buy the company report.
Board of directors of Mathew Easow Research Securities Ltd
Mathew Easow Research Securities has 4 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pritha Sinha Pandey Also directs: Gaylord Commercial Company Ltd | Director | 14 Nov 2014 | 11 Years 11 Months | Current |
| Beda Nand Choudhary Also directs: Gaylord Commercial Company Ltd, Abha Crockery Private Limited, Rajat Tie-Up Private Limited and 5 more | Whole-Time Director | 14 Jan 2010 | 16 Years 9 Months | Current |
| Sarika Kedia Also directs: Kritika Wires Limited | Additional Director | 27 May 2026 | 0 Years 4 Months | Current |
| Ganga Sharan Pandey | Additional Director | 07 Feb 2026 | 0 Years 8 Months | Current |
Peer comparison
Mathew Easow Research Securities Ltd is compared with the 4 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 (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| The Didwana Investment Company Limited | ₹3.51 Cr (FY 2019) | 56.0% | Kolkata, West Bengal, India | |||
| Bhoruka Finance Corporation of India Limited | ₹3.49 Cr (FY 2024) | 168.0% | New Delhi, Delhi, India | |||
| Ayaan Finserve India Private Limited | ₹3.49 Cr (FY 2024) | 1.0% | Delhi, India | |||
| Energetic Marketing Private Limited | ₹3.49 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India | |||
| Mathew Easow Research Securities Ltdthis company | ₹2.47 Cr (FY 2023) | 1.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Mathew Easow Research Securities Ltd, buy the company report.
Auditor
Mathew Easow Research Securities Ltd is audited by BHANDARI B.C. & Co. for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHANDARI B.C. & Co. | FY 2019 | 311082E |
Shareholding
The shareholding of Mathew Easow Research Securities Ltd 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 Mathew Easow Research Securities Ltd, buy the company report.
Deals & funding
Mathew Easow Research Securities Ltd has 83 deals on record (82 market trades, 1 acquisition); the latest was in October 2022.
Deals on record (5 of 83)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Market trade | ₹1.15 Cr | Buyer: Bijco Holdings Limited Seller: Pilot Consultants Private Ltd. |
| Apr 2017 | Market trade | ₹4.54 Cr | Buyer: Bhavik P Vora Huf, 3 individuals Seller: India Capital Markets Private Limited , Pilot Consultants Private Ltd. , 2 individuals |
| Mar 2017 | Market trade | ₹38.8 Lakh | Buyer: an individual Seller: T H Financial Services Private Limited |
| Mar 2016 | Market trade | ₹6.79 Cr | Buyer: Amar Pakagings Pvt Ltd, Seminary Tie-Up Pvt Ltd , V S B Investments Pvt Ltd Seller: an individual |
| Mar 2016 | Market trade | ₹4.62 Cr | Buyer: V S B Investments Pvt Ltd Seller: an individual |
To see the full deal history of Mathew Easow Research Securities Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mathew Easow Research Securities Ltd has 8 court cases on record: 7 filed by Mathew Easow Research Securities, 1 filed against it. 5 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 2 |
| High courts | 3 | 0 | 3 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed by the company against Best Computer Solutions Pvt Ltd and Two Others | Pending |
| Calcutta High Court | Writ petition | Filed by the company against Union of India and Ors | Pending |
| High Court, West Bengal | Court case (CRR) | Filed by the company against State of West Bengal and Anr | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by an individual | Pending |
| District court, South Twenty Four Parganas, West Bengal | Court case (Criminal Motion) | Filed by the company against individuals | Disposed |
To see the full case history of Mathew Easow Research Securities 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 Mathew Easow Research Securities Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mathew Easow Research Securities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCM0435A1Z2 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mathew Easow Research Securities Ltd, buy the company report.
Recent activity
Mathew Easow Research Securities Ltd has 35 board changes on record since 1994: 20 appointments and 15 cessations. The latest: Sarika Kedia was appointed as Additional Director on 27 May 2026.
26 earlier events are in the company report.
News
Frequently asked questions
Mathew Easow Research Securities is an active public limited company based in Kolkata, West Bengal, India. The company works in nbfc, within the financial services industry. It was incorporated on 12 August 1994 (32+ years old) and is registered under CIN L74910WB1994PLC064483. Listed on BSE: 511688.
Mathew Easow Research Securities has 4 current directors:
- Beda Nand Choudhary - Whole-Time Director
- Pritha Sinha Pandey - Director
- Sarika Kedia - Additional Director
- Ganga Sharan Pandey - Additional Director
The latest financial statements of Mathew Easow Research Securities on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mathew Easow Research Securities is 19AACCM0435A1Z2, registered in West Bengal.
The CIN (Corporate Identification Number) of Mathew Easow Research Securities is L74910WB1994PLC064483. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Mathew Easow Research Securities is listed on BSE with code 511688.
Mathew Easow Research Securities has 8 court cases on record: 7 filed by the company and 1 filed against it. 5 are pending. Most are in the district courts.
Mathew Easow Research Securities was incorporated on 12 August 1994, making it 32+ years old. It is registered with the Registrar of Companies, Kolkata.
Mathew Easow Research Securities has 83 deals on record (82 market trades, 1 acquisition); the latest was in October 2022.
The peers of Mathew Easow Research Securities by revenue are The Didwana Investment Company Limited, Bhoruka Finance Corporation of India Limited, Ayaan Finserve India Private Limited, Energetic Marketing Private Limited, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Sarika Kedia was appointed as Additional Director on 27 May 2026. Ganga Sharan Pandey was appointed as Additional Director on 07 Feb 2026. Pratim Priya Das Gupta ceased to be Director on 10 Nov 2025. Mathew Easow Research Securities has 35 board changes on record in total.