Mercator Limited - Company Profile

Q: Who are the current directors of Mercator Limited?

The current directors of Mercator Limited are Krishna Chamadia, Harish Mittal Kumar, Shalabh Mittal, Ritu Vats, Jagmohan Talan, Sukhdarshan Singh Bedi, Shalabh Mittal, Rajendra Kumar Kothari.

It is a metals and minerals public limited company based in Mumbai, Maharashtra, India, established in 1983.

1983 Mumbai, Maharashtra, India Under Liquidation

Last Updated: June 24, 2025

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About Mercator Limited

Mercator Limited, a under liquidation public limited company, was established on 24 November 1983 in Mumbai, Maharashtra, India. Engaging in mining & mineral extraction within the support service to organizations sector, it holds CIN: L63090MH1983PLC031418. Registered under ROC Roc Mumbai. it is listed on BSE: 526235 and NSE: MERCATOR. It has an authorized capital of ₹235.00 Cr and a paid-up capital of ₹30.25 Cr.

Formerly known as Mercator Lines Private Limited, Mercator Lines Limited. It upholds a compliant status. Employing 1 professional, Its leadership includes Krishna Chamadia (Irp/Rp/Liquidator), Harish Mittal Kumar (Whole-Time Director), Shalabh Mittal (Ceo). Past directors included Gunender Kapur, Kiran Chintamani Vaidya, Kapil Garg. It holds ₹1,194.01 Cr open charges and ₹4,752.02 Cr settled loans. Its latest AGM occurred on 29 December 2020, with the balance sheet filed on 31 March 2020. It is based at 83-87, 8Th Floor, Mittal Tower, B Wing, Nariman Point, Mumbai, Maharashtra, 400021.

Company Details

CIN/LLPIN
L63090MH1983PLC031418
Registration Number
031418
Incorporation Date
24 November 1983
Authorized Capital
₹235.00 Cr
Paid-Up Capital
₹30.25 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 526235, NSE: MERCATOR)
Company Status
Under Liquidation

Key Metrics

Authorised Capital ₹ 235.00 Cr as on 24-06-2025
Paid Up Capital ₹ 30.25 Cr as on 24-06-2025
Company Age 42 Year, 2 Months
Last Filing with ROC 31 Mar 2020
Open Charges ₹ 1,194.01 Cr as on 24-06-2025
Satisfied Charges ₹ 4,752.02 Cr as on 24-06-2025
Revenue Growth **** -61.10% (FY 2020)
Profit Growth **** -100.56% (FY 2020)
Ebitda **** -65.88% (FY 2020)
Net Worth -404.97% (FY 2020)
Total Assets -72.66% (FY 2020)

Comprehensive Company Insights

Explore comprehensive insights into Mercator 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 Mercator Limited?

Current Directors

Name	Designation	Appointment Date	Status
Krishna Chamadia	Irp/Rp/Liquidator	16 Jun 2025	Current
Harish Mittal Kumar	Whole-Time Director	01 Aug 2007	Current
Shalabh Mittal	Ceo	27 May 2016	Current
Ritu Vats	Director	23 Sep 2020	Current
Jagmohan Talan	Director	23 Sep 2020	Current
Sukhdarshan Singh Bedi	Director	23 Sep 2020	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	28 May 2018	Past
Pramod Abcsdd	Cfo(Kmp)	31 Jan 2018	Past
Pramod Abcsdd	Director	29 May 2014	Past
Pramod Abcsdd	Company Secretary	26 Mar 2018	Past
Pramod Abcsdd	Additional Director	26 Sep 2018	Past
Pramod Abcsdd	Director	29 Sep 2020	Past

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Financial Performance of Mercator.

Mercator Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 61.1% decrease. The company also saw a substantial fall in profitability, with a 100.56% decrease in profit. The company's net worth observed a substantial decline by a decrease of 404.97%.

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

********

-61.10%

*******

Revenue from Operations

*******

-57.64%

*******

Total Assets

*******

-72.66%

*******

Profit or Loss

*******

-100.56%

*******

Net Worth

*******

-404.97%

*******

EBITDA

*******

-65.88%

*******

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What is the Ownership and Shareholding Structure of Mercator?

In 2018, Mercator had a promoter holding of 30.73% and a public holding of 69.27%. 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

₹11,940,060,230.00

Satisfied Charges

₹47,520,226,500.00

Charges Breakdown by Lending Institutions

Others : 760.33 Cr
Axis Bank Limited : 178.86 Cr
State Bank Of India : 170.50 Cr
Uti Bank Limited : 47.00 Cr
Uti Bak Uti Bank Limited : 30.00 Cr
Others : 7.32 Cr

Latest Charge Details

Date	Lender	Amount	Status
19 Sep 2018	Others	₹50.00 Cr	Open
26 Mar 2018	Others	₹130.00 Cr	Open
10 Mar 2017	Others	₹8.04 Cr	Open
16 Dec 2016	Others	₹95.00 Cr	Open
15 Dec 2016	Axis Bank Limited	₹130.17 Cr	Open

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How Many Employees Work at Mercator?

Mercator has a workforce of 1 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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 Mercator, 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 Mercator'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 Mercator

Recent Activity within the Organization

Director Appointment

Krishna Chamadia was appointed as a IRP/RP/Liquidator was appointed as a IRP/RP/Liquidator on 16 Jun 2025 & has been associated with this company since 7 months 28 days . was recorded as a recent event.
16 Jun 2025
Charges

Progress on A charge with Others of Rs. 50.00 Cr registered on 19 Sep 2018 with Charge ID 100210064 was modified on 16 Dec 2022. was documented.
16 Dec 2022
Annual General Meeting

Mercator Limited last Annual general meeting of members was held on 29 Dec 2020 as per latest MCA records. was recorded as a recent event.
29 Dec 2020
Director Appointment

The activity Ritu Vats was appointed as a Director was appointed as a Director on 23 Sep 2020 & has been associated with this company since 5 years 4 months . was completed.
23 Sep 2020
Director Appointment

Progress on Jagmohan Talan was appointed as a Director was appointed as a Director on 23 Sep 2020 & has been associated with this company since 5 years 4 months . was documented.
23 Sep 2020
Director Appointment

Sukhdarshan Singh Bedi was appointed as a Director was appointed as a Director on 23 Sep 2020 & has been associated with this company since 5 years 4 months . was recorded as a recent event.
23 Sep 2020

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