Mercantile And Industrial Development Co Limited - Company Profile

It is a machinery and equipment public limited company based in Mumbai, Maharashtra, India, established in 1949.

1949 Mumbai, Maharashtra, India Active

Last Updated: December 23, 2025

About Mercantile And Industrial Development Co Limited

Mercantile And Industrial Development Co Limited, a active public limited company, was established on 12 November 1949 in Mumbai, Maharashtra, India. Engaging in industrial pumps & fluid systems within the machinery and equipment sector, it holds CIN: U29300MH1949PLC007872. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹5.00 Cr and a paid-up capital of ₹8.09 M.

It upholds a compliant status. Its leadership includes Himanshu Kulin Munim (Director), Priya S Kothari (Director), Mana Chatterjee Arup (Director). Past directors included Kirti R Shukla, Himanshu Kulin Munim, Neil Rasik Shah. It holds no open charges and ₹360.55 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at National House, 6 Tulloch Road, Mumbai, Maharashtra, 400039.

Company Details

CIN/LLPIN
U29300MH1949PLC007872
Registration Number
007872
Incorporation Date
12 November 1949
Authorized Capital
₹5.00 Cr
Paid-Up Capital
₹8.09 M
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 5.00 Cr as on 23-12-2025
Paid Up Capital ₹ 8.09 M as on 23-12-2025
Company Age 76 Year, 2 Months
Last Filing with ROC 31 Mar 2025
Satisfied Charges ₹ 360.55 Cr as on 23-12-2025
Revenue Growth **** -84.94% (FY 2020)
Profit Growth **** 73.63% (FY 2020)
Ebitda **** -34.02% (FY 2020)
Net Worth -4.70% (FY 2020)
Total Assets -7.16% (FY 2020)

Comprehensive Company Insights

Explore comprehensive insights into Mercantile And Industrial Development Co Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Mercantile And Industrial Development Co Limited?

Current Directors

Name	Designation	Appointment Date	Status
Himanshu Kulin Munim	Director	27 Apr 2017	Current
Priya S Kothari	Director	12 Dec 2020	Current
Mana Chatterjee Arup	Director	12 Dec 2020	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Whole-Time Director	01 Dec 2014	Past
Pramod Abcsdd	Additional Director	30 Sep 2017	Past
Pramod Abcsdd	Managing Director	01 Dec 2014	Past
Pramod Abcsdd	Additional Director	31 Dec 2020	Past
Pramod Abcsdd	Director	27 Apr 2017	Past
Pramod Abcsdd	Director	30 Jan 2021	Past

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Financial Performance of Mercantile And Industrial Development Co.

Mercantile And Industrial Development Co Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 84.94% decrease. The company also saw a substantial improvement in profitability, with a 73.63% increase in profit. The company's net worth dipped by a decrease of 4.7%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-84.94%

*******

Revenue from Operations

*******

-82.53%

*******

Total Assets

*******

-7.16%

*******

Profit or Loss

*******

73.63%

*******

Net Worth

*******

-4.70%

*******

EBITDA

*******

-34.02%

*******

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What is the Ownership and Shareholding Structure of Mercantile And Industrial Development Co?

In 2018, Mercantile And Industrial Development Co had a promoter holding of 100.00%. The company had 1 Subsidiary, 1 Joint Venture and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹3,605,491,238.00

Charges Breakdown by Lending Institutions

Union Bank Of India : 168.23 Cr
Others : 168.00 Cr
Bank Of Baroda : 12.00 Cr
State Bank Of Pataila : 10.00 Cr
Union Bank : 1.60 Cr
Others : 0.72 Cr

Latest Charge Details

Date	Lender	Amount	Status
23 Dec 2016	Others	₹168.00 Cr	Satisfied
31 Jan 2014	Kotak Mahindra Prime Limited	₹1.27 M	Satisfied
21 Nov 2013	Hdfc Bank Limited	₹2.40 M	Satisfied
29 Jun 2012	Kotak Mahindra Prime Limited	₹0.62 M	Satisfied
21 Jun 2012	Kotak Mahindra Prime Limited	₹0.53 M	Satisfied

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How Many Employees Work at Mercantile And Industrial Development Co?

Unlock and access historical data on people associated with Mercantile And Industrial Development Co, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Mercantile And Industrial Development Co, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Mercantile And Industrial Development Co's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Mercantile And Industrial Development Co

Recent Activity within the Organization

Annual General Meeting

Progress on Mercantile And Industrial Development Co Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was documented.
30 Sep 2025
Balance Sheet

Progress on Mercantile And Industrial Development Co Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was documented.
31 Mar 2025
Charges

The activity A charge registered on 23 Dec 2016 via Charge ID 100085170 with Others was fully satisfied on 16 Apr 2021. was completed.
16 Apr 2021
Director Appointment

The activity Priya S Kothari was appointed as a Director was appointed as a Director on 12 Dec 2020 & has been associated with this company since 5 years 1 month . was completed.
12 Dec 2020
Director Appointment

Progress on Mana Chatterjee Arup was appointed as a Director was appointed as a Director on 12 Dec 2020 & has been associated with this company since 5 years 1 month . was documented.
12 Dec 2020
Charges

A charge registered on 21 Nov 2013 via Charge ID 10490248 with Hdfc Bank Limited was fully satisfied on 07 Mar 2018. was recorded as a recent event.
07 Mar 2018

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