About Mathew Easow Research Securities Ltd
Data last updated: 14 July 2026
Mathew Easow Research Securities Ltd is a public limited company based in Kolkata, West Bengal, India. It specialises in non-banking financial services (NBFC), a part of the broader financial services sector. Incorporated on 12 August 1994, the company has been in operation for over 32 years.
Registered with ROC Kolkata under CIN U74910WB1994PLC064483. Listed on BSE: 511688.
Capital: an authorised share capital of ₹18 Cr and a paid-up capital of ₹6.65 Cr. It is led by directors including Pritha Sinha Pandey and Beda Nand Choudhary.
Last AGM: 26 September 2025. Financial statements filed for year ended 31 March 2025. Office: 128 Rash Behari Avenue P S Tollygunj, Kolkata, West Bengal, India – 700029.
As per BSE-filed standalone financials for FY 2024, the company reported a revenue of ₹14.47 Cr, reflecting significant growth compared to the previous year. The net worth stands at ₹14.1 Cr (up 0.43% YoY). Total assets are valued at ₹37.46 Cr (down 18.61% YoY).
The company is associated with 2 brands - Mathew Easow Research Securities, Mersl.
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
-
WebsiteLocked
-
Social Media
-
Registered Address128 Rash Behari Avenue P S Tollygunj, Kolkata, West Bengal, India – 700029
-
IndustryFinancial Services, NBFC, Investment & Credit NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Mathew Easow Research Securities Ltd
Mathew Easow Research Securities Ltd 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 |
Associated Brands with Mathew Easow Research Securities Ltd
Mathew Easow Research Securities Ltd operates two associated brands: Mathew Easow Research Securities and MERSL. These brands represent Mathew Easow Research Securities Ltd's diversified market presence and brand portfolio.
| 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 of Mathew Easow Research Securities Ltd
Mathew Easow Research Securities Ltd operates primarily in the financial and insurance service sector. The company has 1 registered business activity segment, reflecting its diverse operational portfolio.
| 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 for Mathew Easow Research Securities Ltd
Activity codes and turnover contribution percentages require an active report plan.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Board of Directors of Mathew Easow Research Securities Ltd
Mathew Easow Research Securities Ltd is currently managed by 4 directors, with 17 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Pritha Sinha Pandey
Also directs:
Gaylord Commercial Company Ltd
|
Director | 14 Nov 2014 | 11 Years 8 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 6 Months | Current |
|
Sarika Kedia
Also directs:
Kritika Wires Limited
|
Additional Director | 27 May 2026 | 0 Years 2 Months | Current |
| Ganga Sharan Pandey | Additional Director | 07 Feb 2026 | 0 Years 6 Months | Current |
Financials of Mathew Easow Research Securities Ltd FY 2024 filings available
Mathew Easow Research Securities Ltd reported revenue of ₹14.47 Cr (up 526.81% YoY) for FY 2024.
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹14.47 Cr | ₹2.31 Cr | ₹2.44 Cr | ₹2.19 Cr | ₹4.79 Cr |
| Interest Earned | ₹2.46 Cr | ₹2.29 Cr | ₹2.44 Cr | ₹2.05 Cr | ₹1.84 Cr |
| Other Income | ₹7.64 Lakh | ₹16.42 Lakh | ₹65,000 | ₹33,000 | ₹15.33 Lakh |
| Total Income | ₹14.54 Cr | ₹2.47 Cr | ₹2.45 Cr | ₹2.19 Cr | ₹4.95 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹9.67 Cr | ₹4.45 Cr |
| Changes in Inventories | ₹12 Cr | ₹77,000 | ₹0 | -₹9.53 Cr | -₹1.36 Cr |
| Employee Benefit Expense | ₹17.53 Lakh | ₹12.73 Lakh | ₹13.15 Lakh | ₹11.01 Lakh | ₹11.82 Lakh |
| Finance Costs | ₹1.82 Cr | ₹1.71 Cr | ₹1.59 Cr | ₹74.53 Lakh | ₹7.21 Lakh |
| Depreciation & Amortisation | ₹1.52 Lakh | ₹2.25 Lakh | ₹5.37 Lakh | ₹10.11 Lakh | ₹12.41 Lakh |
| Other Expenses | ₹44.64 Lakh | ₹54.53 Lakh | ₹1.52 Cr | ₹1 Cr | ₹1.39 Cr |
| Total Expenses | ₹14.46 Cr | ₹2.41 Cr | ₹3.3 Cr | ₹2.1 Cr | ₹4.8 Cr |
| Profit Before Exceptional Items & Tax | ₹8.22 Lakh | ₹6.37 Lakh | -₹85.07 Lakh | ₹9.25 Lakh | ₹14.82 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹1.03 Cr | ₹0 | ₹0 |
| Profit Before Tax | ₹8.22 Lakh | ₹6.37 Lakh | ₹18.02 Lakh | ₹9.25 Lakh | ₹14.82 Lakh |
| Total Tax Expense | ₹2.2 Lakh | ₹1.92 Lakh | ₹7.5 Lakh | -₹1.76 Lakh | ₹1.25 Lakh |
| Net Profit | ₹6.02 Lakh | ₹4.45 Lakh | ₹10.52 Lakh | ₹11.01 Lakh | ₹13.57 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹6.02 Lakh | ₹4.45 Lakh | ₹10.52 Lakh | ₹11.01 Lakh | ₹13.57 Lakh |
| EBITDA (computed) | ₹1.92 Cr | ₹1.79 Cr | ₹79.79 Lakh | ₹93.89 Lakh | ₹34.44 Lakh |
| Basic EPS | ₹0.09 | ₹0.07 | ₹0.16 | ₹0.17 | ₹0.20 |
| Diluted EPS | ₹0.09 | ₹0.07 | ₹0.16 | ₹0.17 | ₹0.20 |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Total Assets | ₹37.46 Cr | ₹46.03 Cr | ₹48.42 Cr | ₹45.64 Cr | ₹29.83 Cr |
| Property, Plant & Equipment | ₹9.63 Lakh | ₹11.14 Lakh | ₹13.4 Lakh | ₹25.52 Lakh | ₹35.09 Lakh |
| Inventories | ₹2.22 Lakh | ₹12.02 Cr | ₹12.03 Cr | ₹12.03 Cr | ₹2.5 Cr |
| Cash & Equivalents | ₹3.91 Lakh | ₹16.79 Lakh | ₹7.66 Lakh | ₹14.08 Lakh | ₹36.77 Lakh |
| Equity (Net Worth) | ₹14.1 Cr | ₹14.04 Cr | ₹13.99 Cr | ₹13.89 Cr | ₹13.78 Cr |
| Equity Share Capital | ₹6.65 Cr | ₹6.65 Cr | ₹6.65 Cr | ₹6.65 Cr | ₹6.65 Cr |
| Total Liabilities | ₹23.36 Cr | ₹31.99 Cr | ₹34.43 Cr | ₹31.76 Cr | ₹16.06 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | ₹10.38 Cr | ₹4.06 Cr | -₹2.56 Cr |
| Investing Cash Flow | ₹1.6 Lakh | ₹71,000 | ₹1.11 Cr |
| Financing Cash Flow | -₹10.52 Cr | -₹3.97 Cr | ₹1.39 Cr |
| Capital Expenditure | ₹0 | ₹0 | ₹0 |
| Free Cash Flow (computed) | ₹10.38 Cr | ₹4.06 Cr | -₹2.56 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹12.88 Lakh | ₹9.13 Lakh | -₹6.42 Lakh |
| Metrics | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|
| Revenue from Operations | ₹83.47 Lakh | ₹74.8 Lakh | ₹40.44 Lakh |
| Interest Earned | ₹83.47 Lakh | ₹74.61 Lakh | ₹40.44 Lakh |
| Other Income | ₹0 | ₹7 Lakh | ₹0 |
| Total Income | ₹83.47 Lakh | ₹81.8 Lakh | ₹40.44 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹3.57 Lakh | ₹4.09 Lakh | ₹3.91 Lakh |
| Finance Costs | ₹68.06 Lakh | ₹34.65 Lakh | ₹22.44 Lakh |
| Depreciation & Amortisation | ₹36,000 | ₹37,000 | ₹37,000 |
| Other Expenses | ₹8.72 Lakh | ₹38.99 Lakh | ₹10.68 Lakh |
| Total Expenses | ₹80.71 Lakh | ₹78.1 Lakh | ₹37.4 Lakh |
| Profit Before Exceptional Items & Tax | ₹2.76 Lakh | ₹3.7 Lakh | ₹3.04 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹2.76 Lakh | ₹3.7 Lakh | ₹3.04 Lakh |
| Total Tax Expense | ₹1 Lakh | ₹1 Lakh | ₹80,000 |
| Net Profit | ₹1.76 Lakh | ₹2.7 Lakh | ₹2.24 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹1.76 Lakh | ₹2.7 Lakh | ₹2.24 Lakh |
| EBITDA (computed) | ₹71.18 Lakh | ₹38.72 Lakh | ₹25.85 Lakh |
| Basic EPS | ₹0.03 | ₹0.04 | ₹0.03 |
| Diluted EPS | ₹0.03 | ₹0.04 | ₹0.03 |
Charges & Borrowings Mathew Easow Research Securities Ltd
Mathew Easow Research Securities Ltd does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Mathew Easow Research Securities Ltd
View historical data on people associated with Mathew Easow Research Securities Ltd, including employment history and EPFO contributions.
Employee and EPFO history for Mathew Easow Research Securities Ltd
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Mathew Easow Research Securities Ltd
GST registrations and filing compliance for Mathew Easow Research Securities Ltd
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Mathew Easow Research Securities Ltd
Credit ratings, litigation, and regulatory alerts for Mathew Easow Research Securities Ltd
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- 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 for Mathew Easow Research Securities Ltd
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- 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 for Mathew Easow Research Securities Ltd
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mathew Easow Research Securities Ltd
MCA filings and documents for Mathew Easow Research Securities Ltd
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Mathew Easow Research Securities Ltd
Frequently Asked Questions about Mathew Easow Research Securities Ltd
Mathew Easow Research Securities Ltd is an active public limited company in the financial services sector based in Kolkata, West Bengal, India. It was incorporated on 12 August 1994 (32+ years old) and is registered under CIN L74910WB1994PLC064483. Listed on BSE: 511688.
Mathew Easow Research Securities Ltd reported revenue of ₹14.47 Cr for FY 2024 (up 526.81% YoY) based on standalone BSE filings.
The current directors of Mathew Easow Research Securities Ltd are:
- Pritha Sinha Pandey - Director
- Beda Nand Choudhary - Whole-Time Director
- Sarika Kedia - Additional Director
- Ganga Sharan Pandey - Additional Director
The primary industry of Mathew Easow Research Securities Ltd is financial services. The company specifically operates in nbfc. The company is currently active in this sector.
Yes. Mathew Easow Research Securities Ltd is listed on BSE with code 511688.
Mathew Easow Research Securities Ltd can be reached at the registered office: 128 Rash Behari Avenue P S Tollygunj, Kolkata, West Bengal, India – 700029, or through the website mersl.in.