About Mathew Easow Research Securities Ltd
Data last updated:
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 7 cases involving the company, including 7 filed by the company; 4 cases are pending. The company has 83 deals on record (82 market trades, 1 acquisition); the latest was in October 2022. Its 10 peer companies in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC) are compared by revenue, 5 larger and 5 smaller; the largest is Everest Commerce Pvt.Ltd. 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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address128 Rash Behari Avenue P S Tollygunj, Kolkata, West Bengal, India – 700029
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- 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 Mathew Easow Research Securities Ltd
Mathew Easow Research Securities operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Financial and insurance Service | Locked | Other financial activities | Locked |
Detailed business activity records
Activity codes and each activity's share of turnover are in the company report.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Financials of Mathew Easow Research Securities Ltd FY 2025 filings available
Mathew Easow Research Securities Ltd reported revenue of ₹2.47 Cr (up 1.04% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Mathew Easow Research Securities Ltd
Revenue rose 1.04% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Mathew Easow Research Securities Ltd
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹2.47 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• | •••• |
| 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 Mathew Easow Research Securities Ltd
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Mathew Easow Research Securities 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 Mathew Easow Research Securities Ltd
Mathew Easow Research Securities Ltd is compared with the companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Everest Commerce Pvt.Ltd. | ₹3.51 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Kolkata, West Bengal, India |
| The Didwana Investment Company Limited | ₹3.51 Cr (FY 2019) | •••• | •••• | 56.0% | •••• | Kolkata, West Bengal, India |
| Neesan Investment and Finance Limited | ₹3.51 Cr (FY 2022) | •••• | •••• | 99.0% | •••• | Delhi, India |
| Anr Finlease Private Limited | ₹3.51 Cr (FY 2022) | •••• | •••• | 0.0% | •••• | Delhi, India |
| Vijar Trade Consultancy Private Limited | ₹3.51 Cr (FY 2024) | •••• | •••• | 127455.0% | •••• | New Delhi, Delhi, India |
| Bhoruka Finance Corporation of India Limited | ₹3.49 Cr (FY 2024) | •••• | •••• | 168.0% | •••• | New Delhi, Delhi, India |
| RKB Securities Ltd | ₹3.49 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Kolkata, West Bengal, India |
| Shrinika Capital Finance Private Limited | ₹3.49 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Bhilwara, Rajasthan, 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 Ltd this company | ₹2.47 Cr (FY 2023) | •••• | •••• | 1.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Mathew Easow Research Securities by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), 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 Mathew Easow Research Securities Ltd
Mathew Easow Research Securities Ltd is audited by BHANDARI B.C. & Co. for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BHANDARI B.C. & Co. | 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 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 |
Ownership and Shareholding of Mathew Easow Research Securities Ltd
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 Mathew Easow Research Securities Ltd
Mathew Easow Research Securities Ltd does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Mathew Easow Research Securities Ltd
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 |
Full deal history
All 83 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Mathew Easow Research Securities Ltd
Mathew Easow Research Securities Ltd has 7 court cases on record: 7 filed by Mathew Easow Research Securities. 4 cases are pending and 3 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 1 |
| High courts | 3 | 0 | 3 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed by the company against Best Computer Solutions Private Limited | Pending |
| Calcutta High Court | Writ petition | Filed by the company against Union of India | Pending |
| Calcutta High Court | Court case (CRR) | Filed by the company against State of West Bengal | Pending |
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, South Twenty Four Parganas, West Bengal | Court case (Criminal Motion) | Filed by the company against an individual | Disposed |
Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Mathew Easow Research Securities Ltd
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 |
Employees and EPFO Compliance at Mathew Easow Research Securities Ltd
Employment history and EPFO contributions of people linked to Mathew Easow Research Securities.
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.
CIN History of Mathew Easow Research Securities Ltd
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 |
Recent Activity on Mathew Easow Research Securities Ltd
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mathew Easow Research Securities Ltd
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 Mathew Easow Research Securities Ltd
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 Mathew Easow Research Securities Ltd
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 Mathew Easow Research Securities Ltd
Mathew Easow Research Securities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCM0435A1Z2 | West Bengal | Active | 01 Jul 2017 |
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 Mathew Easow Research Securities Ltd
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.
Related news about Mathew Easow Research Securities Ltd
Frequently Asked Questions about Mathew Easow Research Securities Ltd
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 reported revenue of ₹2.47 Cr for FY 2023 (up 1.04% YoY).
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 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 7 court cases on record: 7 filed by the company. 4 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 Everest Commerce Pvt.Ltd, The Didwana Investment Company Limited, Neesan Investment and Finance Limited, Anr Finlease Private Limited, Vijar Trade Consultancy Private Limited and 5 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC).
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.