About Mercator Limited
Data last updated:
Mercator Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 24 November 1983.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L63090MH1983PLC031418. Its GSTIN is 27AAACM5007A1Z5 (Maharashtra). The company holds 10 GST registrations, of which 8 are active. It is recorded as listed by MCA, but trading in its shares on BSE (526235) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹235 Cr and a paid-up capital of ₹30.25 Cr. It was formerly known as Mercator Lines Private Limited and Mercator Lines Limited. It is led by directors including Jagmohan Talan and Ritu Vats.
Its last annual general meeting (AGM) was held on 29 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 83 – 87 8th Floor Mittal Tower B Wing Nariman Point, Mumbai, Maharashtra, India – 400021.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Mercator. As per MCA filings, the company has open charges of ₹1,194.01 Cr and satisfied charges of ₹4,752.02 Cr on record. Court records list 89 cases involving the company, including 25 filed by the company and 64 filed against it; 17 cases are pending. The company has 92 deals on record (85 market trades, 2 secondary share transfers, 2 qips), with disclosed funding of ₹48.62 Cr; the latest was in April 2022.
The last known website on record is mercator.in.
Company details
Name history
Mercator has undergone 2 name changes throughout its history. The company was previously known as Mercator Lines Private Limited, and Mercator Lines Limited. The current legal name is Mercator Limited.
| Company Name | Status |
|---|---|
| Mercator Limited | Current |
| Mercator Lines Private Limited | Previous |
| Mercator Lines Limited | Previous |
CIN history
Mercator has one previous CIN (Corporate Identification Number): U63090MH1983PLC031418. The current CIN is L63090MH1983PLC031418, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L63090MH1983PLC031418 | Current |
| U63090MH1983PLC031418 | Previous |
Contact details
Mercator Limited's registered office is in Mumbai, Maharashtra. Its website is mercator.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address83 – 87 8th Floor Mittal Tower B Wing Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Mercator 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
Mercator operates one associated brand: Mercator. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Crude oil extraction, dredging, and coal mining company | mercator.in |
Business activity
The main business activities of Mercator are transport and storage and support service to organizations. In detail, this covers water transport and rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport | |
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Mercator Limited, buy the company report.
Financials of Mercator Limited
FY 2020 filings availableMercator Limited reported revenue of ₹654 (down 100% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 97% over five years. 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
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Financial Ratios
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To see the full financial statements and ratios of Mercator Limited, buy the company report.
Board of directors and KMP of Mercator Limited
Mercator Limited currently reports 3 directors and 1 key managerial person. 24 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagmohan Talan | Director | 23 Sep 2020 | 6 Years 1 Months | As last reported |
| Ritu Vats | Director | 23 Sep 2020 | 6 Years 1 Months | As last reported |
| Sukhdarshan Singh Bedi | Director | 23 Sep 2020 | 6 Years 1 Months | As last reported |
| Shalabh Mittal Also directs: Oorja Resources India Private Limited | Ceo | 27 May 2016 | 10 Years 4 Months | As last reported |
Auditor
Mercator Limited is audited by SINGHI & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SINGHI & CO | FY 2020 | 302049E |
Shareholding
The shareholding of Mercator Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Mercator Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Sep 2018 | 100210064 | Others | ₹50 Cr | Open | |
| 26 Mar 2018 | 100165277 | Others | ₹130 Cr | Open | |
| 10 Mar 2017 | 100088051 | Others | ₹8.04 Cr | Open | |
| 16 Dec 2016 | 100074135 | Others | ₹95 Cr | Open | |
| 15 Dec 2016 | 100088359 | Axis Bank Limited | ₹130.17 Cr | Open |
To see the full charge records of Mercator Limited, buy the company report.
Total charge records: 61 View all charges
Deals & funding
Mercator Limited has 92 deals on record (85 market trades, 2 secondary share transfers, 2 qips), with disclosed funding of ₹48.62 Cr; the latest was in April 2022.
Deals on record (5 of 92)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Market trade | ₹32.2 Lakh | Seller: Anand Rathi Global Finance Limited |
| Jan 2022 | Market trade | ₹52.6 Lakh | Seller: Topgain Finance Private Limited |
| Dec 2021 | Market trade | ₹84 Lakh | Seller: Anand Rathi Global Finance Limited |
| Dec 2021 | Market trade | ₹87.1 Lakh | Seller: Anand Rathi Global Finance Limited |
| Aug 2021 | Market trade | ₹34.2 Lakh | Buyer: Topgain Finance Private Limited Seller: Topgain Finance Private Limited |
To see the full deal history of Mercator Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mercator Limited has 89 court cases on record: 25 filed by Mercator, 64 filed against it. 17 cases are pending and 72 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 63 | 42 | 10 |
| District courts | 23 | 20 | 6 |
| Supreme Court | 3 | 2 | 1 |
Cases on record (5 of 89)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0302-Arbitration Law and Other Alternative Dispute Resolution : SLPs relating to appointment of arbitrator, arising out of applications under Section 8, removal of arbitrator, termination of mandate of arbitrator under Arbitration Act, 1940, and Arbitration and Conciliation Act, 1996.) | Filed against the company by Dredging Corporation of India Ltd. | Disposed |
| Supreme Court | Court case (0302-Arbitration Law and Other Alternative Dispute Resolution : SLPs relating to appointment of arbitrator, arising out of applications under Section 8, removal of arbitrator, termination of mandate of arbitrator under Arbitration Act, 1940, and Arbitration and Conciliation Act, 1996.) | Filed against the company by Dredging Corporation of India Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed against the company by Cogencis Information Services Limited Through Shreya Shetty | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by Cogencis Information Services Limited Through Shreya Shetty | Disposed |
| High Court | Interim or miscellaneous application | Filed against the company by Axis Trustee Services Limited | Disposed |
To see the full case history of Mercator Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Mercator Limited was last rated by Care on 29 Jul 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 29 Jul 2026 |
To see the full credit ratings and regulatory alerts of Mercator Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mercator Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mercator Limited has a workforce of 1 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Mercator has 10 GST registrations: 8 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM5007A1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 24AAACM5007A1ZB | Gujarat | Active | 01 Jul 2017 |
| 29AAACM5007A1Z1 | Karnataka | Active | 01 Jul 2017 |
| 34AAACM5007A1ZA | Puducherry | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mercator Limited, buy the company report.
Recent activity
Mercator Limited has 44 board changes on record since 1994: 24 appointments and 20 cessations. The latest: Girish Siriram Juneja ceased to be Irp/Rp/Liquidator on 16 Jun 2025.
180 earlier events are in the company report.
News
Frequently asked questions
Mercator is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Mercator is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 24 November 1983 and is registered under CIN L63090MH1983PLC031418. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Mercator has 4 current directors and KMP:
- Jagmohan Talan - Director
- Ritu Vats - Director
- Sukhdarshan Singh Bedi - Director
- Shalabh Mittal - Ceo
The latest financial statements of Mercator on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 29 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mercator is L63090MH1983PLC031418. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mercator is recorded as a listed company by MCA, but trading in its shares on BSE (526235) has been suspended, so they do not currently trade on a stock exchange.
Mercator has open charges of ₹1,194.01 Cr and satisfied charges of ₹4,752.02 Cr as per latest MCA filings.
Mercator has 89 court cases on record: 25 filed by the company and 64 filed against it. 17 are pending. Most are in the high courts.
Mercator was incorporated on 24 November 1983. It is registered with the Registrar of Companies, Mumbai.
Mercator has 92 deals on record (85 market trades, 2 secondary share transfers, 2 qips), with disclosed funding of ₹48.62 Cr; the latest was in April 2022.