About Mecheri Smart Capital Private Limited
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Mecheri Smart Capital Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 03 April 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2003PTC050638. Its GSTIN is 33AAECM0361K1ZO (Tamil Nadu).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹30.99 Lakh. It was formerly known as Magnetic India Ventures Private Limited. It is led by directors including Rajeev Mecheri (Managing Director) and Sivakumar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 49 Eldams Road Teynampet, Chennai, Tamil Nadu, India – 600018.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.49 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net profit of ₹3.12 Cr (net margin 23.1%) and EBITDA of ₹4.35 Cr (EBITDA margin 32.2%). Revenue has grown at a compounded annual rate (CAGR) of 39% over three years and 20% over five years.
The company is associated with 1 brand: Mecheri. The company has 1 deal on record (1 secondary share transfer); the latest was in September 2010. Its 3 peer companies in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 1 smaller; the largest is Grandbiz Holdings Private Limited with revenue of ₹13.52 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 mecheri.in.
Company details
CIN history
Mecheri Smart Capital has one previous CIN (Corporate Identification Number): U51506TN2003PTC050638. The current CIN is U74900TN2003PTC050638, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900TN2003PTC050638 | Current |
| U51506TN2003PTC050638 | Previous |
Contact details
Mecheri Smart Capital Private Limited's registered office is in Chennai, Tamil Nadu. Its website is mecheri.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address49 Eldams Road Teynampet, Chennai, Tamil Nadu, India – 600018
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Mecheri Smart Capital 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
Mecheri Smart Capital operates one associated brand: Mecheri. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Limited information available | mecheri.in |
Business activity
The main business activity of Mecheri Smart Capital 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 Mecheri Smart Capital Private Limited, buy the company report.
Financials of Mecheri Smart Capital Private Limited
FY 2024 filings availableMecheri Smart Capital Private Limited reported revenue of ₹13.49 Cr (up 40% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 40% growth in the latest year. EBITDA rose 186% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹4.35 Cr | ||||
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| Net Profit (PAT) | ₹3.12 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 32.2% | ||||
| Net Profit Margin | 23.1% | ||||
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To see the full financial statements and ratios of Mecheri Smart Capital Private Limited, buy the company report.
Board of directors of Mecheri Smart Capital Private Limited
Mecheri Smart Capital has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeev Mecheri Also directs: Yuganta Advisory Services LLP, Quantum Confectionary Private Limited, BNT Force Bio-Degradable Polymers Private Limited and 5 more | Managing Director | 29 Mar 2010 | 16 Years 7 Months | Current |
| Sivakumar Also directs: North American Fire Guardian India Private Limited, Pixanate Private Limited, Livia Spaces (India) Private Limited and 3 more | Director | 03 Dec 2024 | 1 Years 11 Months | Current |
| Lalitha Ramaswamy | Director | 18 Oct 2010 | 16 Years 0 Months | Current |
Peer comparison
Mecheri Smart Capital Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial Services), 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 |
|---|---|---|---|---|---|---|
| Grandbiz Holdings Private Limited | ₹13.52 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India | |||
| Sita Investment Company Limited | ₹13.5 Cr (FY 2025) | -9.0% | Raipur, Chhattisgarh, India | |||
| Mecheri Smart Capital Private Limitedthis company | ₹13.49 Cr (FY 2025) | ₹3.12 Cr | 23.1% | 40.0% | Chennai, Tamil Nadu, India | |
| Lavender Dealers Private Limited | ₹13.42 Cr (FY 2025) | -25.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Mecheri Smart Capital Private Limited, buy the company report.
Auditor
Mecheri Smart Capital Private Limited is audited by GSS & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GSS & ASSOCIATES | FY 2023 | 0101878 |
Shareholding
The shareholding of Mecheri Smart Capital Private Limited 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 Mecheri Smart Capital Private Limited, buy the company report.
Deals & funding
Mecheri Smart Capital Private Limited has 1 deal on record (1 secondary share transfer); the latest was in September 2010.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: an individual 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 Mecheri Smart Capital 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 Mecheri Smart Capital Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Mecheri Smart Capital has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Mecheri Smart Capital has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECM0361K1ZO | Tamil Nadu | Active | 29 Nov 2023 |
To see the full GST registrations and return filing status of Mecheri Smart Capital Private Limited, buy the company report.
Recent activity
Mecheri Smart Capital Private Limited has 7 board changes on record since 2010: 3 appointments and 4 cessations. The latest: Sivakumar ceased to be Additional Director on 29 Sep 2025.
Frequently asked questions
Mecheri Smart Capital is an active private limited company based in Chennai, Tamil Nadu, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 03 April 2003 (23+ years old) and is registered under CIN U74900TN2003PTC050638.
Mecheri Smart Capital has 3 current directors:
- Rajeev Mecheri - Managing Director
- Sivakumar - Director
- Lalitha Ramaswamy - Director
The latest financial statements of Mecheri Smart Capital on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mecheri Smart Capital is 33AAECM0361K1ZO, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Mecheri Smart Capital is U74900TN2003PTC050638. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mecheri Smart Capital was incorporated on 03 April 2003, making it 23+ years old. It is registered with the Registrar of Companies, Chennai.
Mecheri Smart Capital has 1 deal on record (1 secondary share transfer); the latest was in September 2010.
The peers of Mecheri Smart Capital by revenue are Grandbiz Holdings Private Limited, Sita Investment Company Limited, Lavender Dealers Private Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Sivakumar ceased to be Additional Director on 29 Sep 2025. Sivakumar was appointed as Director on 03 Dec 2024. Rajeev Mecheri ceased to be Director on 01 Jul 2021. Mecheri Smart Capital has 7 board changes on record in total.
Mecheri Smart Capital can be reached through the website mecheri.in. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Mecheri Smart Capital is at 49 Eldams Road Teynampet, Chennai, Tamil Nadu, India – 600018.
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