About Mercatus Commerce Private Limited
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Mercatus Commerce Private Limited is a private limited company based in Bangalore South, Karnataka, India, a subsidiary of Niyo Solutions Inc.. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 05 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U62013KA2019PTC130359. Its GSTIN is 29AADCF9389H1ZY (Karnataka).
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹7.92 Cr. It was formerly known as Finnew Payments Private Limited. It is led by directors Avinash Kumar Pandey and Abhishek Tandon.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 11th Floor Unit No G 1101 G 1102 G 1103 G 1101A And G 1101B Gamma Block Sigma Soft Tech Park, Bangalore South, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.93 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net loss of ₹15.97 Cr (net margin -38.1%) and EBITDA of -₹15.89 Cr (EBITDA margin -37.9%). Revenue has grown at a compounded annual rate (CAGR) of 328% over three years and 244% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Niyo.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website goniyo.com.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Apps
- Registered Address11th Floor Unit No G 1101 G 1102 G 1103 G 1101A And G 1101B Gamma Block Sigma Soft Tech Park, Ramagondanahalli Village Varthur Hobli Whitefield, Bangalore South, Karnataka, India – 560066
- IndustryFinancial Services, Digital Payment Solutions
- 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
- One PDF report, delivered after checkout
CIN History of Mercatus Commerce Private Limited
Mercatus Commerce has one previous CIN (Corporate Identification Number): U72900KA2019PTC130359. The current CIN is U62013KA2019PTC130359, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62013KA2019PTC130359 | Current |
| U72900KA2019PTC130359 | Previous |
Associated Brands with Mercatus Commerce Private Limited
Mercatus Commerce operates one associated brand: Niyo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform for wealth management | goniyo.com |
Competitors & Alternatives of Mercatus Commerce Private Limited
Brands and companies operating in the same space as Mercatus Commerce Private Limited include Freo, OneBanc Technologies, Avail Finance and 2 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Freo | Digital banking services are offered to individual users. | Bengaluru, India | 2015 |
 OneBanc Technologies | AI-powered online banking solutions are integrated with HR workflows. | Gurugram, India | 2019 |
 Avail Finance | Neobank for individuals | Bengaluru, India | 2017 |
 RapiPay | Agent-based payment solutions for businesses are provided. | Delhi, India | 2018 |
 Fyp Money | Digital banking services for teenagers are offered via mobile app. | Gurugram, India | 2021 |
Business Activity of Mercatus Commerce Private Limited
The main business activity of Mercatus Commerce is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Board of Directors of Mercatus Commerce Private Limited
Mercatus Commerce has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avinash Kumar Pandey | Director | 02 Apr 2024 | 2 Years 6 Months | Current |
| Abhishek Tandon | Additional Director | 31 Oct 2025 | 0 Years 11 Months | Current |
Financials of Mercatus Commerce Private Limited FY 2025 filings available
Mercatus Commerce Private Limited reported revenue of ₹41.93 Cr (up 24.00% YoY) for FY 2025.
Growth of Mercatus Commerce Private Limited
| Metric | 1-year growth | 3-year compounded (CAGR) | 5-year compounded (CAGR) |
|---|---|---|---|
| Revenue | ▲ 24% | ▲ 328% | ▲ 244% |
Revenue has grown at a compounded annual rate (CAGR) of 244% over five years, including 24% growth 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 of Mercatus Commerce Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹15.89 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹15.97 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Mercatus Commerce Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -37.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -38.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mercatus Commerce are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mercatus Commerce Private Limited
Mercatus Commerce Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Mercatus Commerce Private Limited
Employment history and EPFO contributions of people linked to Mercatus Commerce.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Mercatus Commerce Private Limited
Mercatus Commerce has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCF9389H1ZY | Karnataka | Active | 21 Jul 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- 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 Mercatus Commerce Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- 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 Mercatus Commerce Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- 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 Mercatus Commerce Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- 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 Mercatus Commerce Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Mercatus Commerce Private Limited
Frequently Asked Questions about Mercatus Commerce Private Limited
Mercatus Commerce is an active private limited company based in Bangalore South, Karnataka, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 05 December 2019 (7+ years old) and is registered under CIN U62013KA2019PTC130359.
Mercatus Commerce reported revenue of ₹41.93 Cr for FY 2025 (up 24.00% YoY).
Mercatus Commerce has 2 current directors:
- Avinash Kumar Pandey - Director
- Abhishek Tandon - Additional Director
Mercatus Commerce reported a net loss of ₹15.97 Cr (net margin -38.1%) and EBITDA of -₹15.89 Cr (EBITDA margin -37.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mercatus Commerce is 328% over three years and 244% over five years. In the latest year (FY 2025) revenue rose 24%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mercatus Commerce is 29AADCF9389H1ZY, registered in Karnataka.
The CIN (Corporate Identification Number) of Mercatus Commerce is U62013KA2019PTC130359. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mercatus Commerce was incorporated on 05 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Mercatus Commerce can be reached through the website goniyo.com. Its registered office is in Bangalore South, Karnataka, India.