DPIIT recognised startup Government of India
Startup India
Merchado India Private Limited
Merchado India Private Limited - textile in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.24 Lakh
▼ 92% YoY
Net profit · FY 2024
₹1,383
Net margin 0.4%
EBITDA · FY 2024
₹1,869
EBITDA margin 0.6%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Merchado India Private Limited
Data last updated:
Merchado India Private Limited is a private limited company based in Delhi, India, recognised as a startup by DPIIT. It operates in the knitted textile segment of the textiles sector. It was incorporated on 31 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U17309DL2019PTC356928. Its GSTIN is 07AANCM0421F1ZS (Delhi).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ranjeet Jha and Damini Kumari.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at E – 290 First Floor Block – E, Gali No – 13 Khajoori Khas, Delhi, India – 110094.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.24 Lakh, a decline of 92% compared to the previous year. For the same year it recorded a net profit of ₹1,383 (net margin 0.4%) and EBITDA of ₹1,869 (EBITDA margin 0.6%). Revenue has grown at a compounded annual rate (CAGR) of 396% over three years.
Merchado India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-05-0010787).
Company Details of Merchado India Private Limited
CIN U17309DL2019PTC356928
Registration Number 356928
Incorporation Date 31 October 2019
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-DL-05-0010787
Recognitions & Rankings of Merchado India
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-DL-05-0010787
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressE – 290 First Floor Block – E, Gali No – 13 Khajoori Khas, Delhi, India – 110094
- IndustryTextile, Knitted Textile, Manufacturing
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Business Activity of Merchado India Private Limited
The main business activity of Merchado India is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Merchado India Private Limited FY 2025 filings available
Merchado India Private Limited reported revenue of ₹3.24 Lakh (down 92% YoY) for FY 2024.
Revenue · FY 2024
₹3.24 Lakh ▼ 92%
Net profit · FY 2024
₹1,383 margin 0.4%
EBITDA · FY 2024
₹1,869 margin 0.6%
Compounded Annual Growth Rate (CAGR) of Merchado India Private Limited
Revenue CAGR growth
1 year
▼ 92%
3 years · compounded
▲ 396%
EBITDA CAGR growth
1 year
▼ 81%
3 years · compounded
▲ 26%
Revenue fell 92% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 396%. EBITDA fell 81% 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 Merchado India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1,869 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1,383 | •••• | •••• | •••• | •••• |
| 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 Merchado India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 Merchado India are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
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Board of Directors of Merchado India Private Limited
Merchado India has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranjeet Jha | Director | 31 Oct 2019 | 6 Years 11 Months | Current |
| Damini Kumari Also directs: Tastelic India Sawrudra LLP, Indiera Naturals & Ventures LLP, Damrak Ecosys LLP and 1 more | Director | 30 Nov 2024 | 1 Years 10 Months | Current |
| Mervyn Vincent Basil | Director | 23 May 2024 | 2 Years 4 Months | Current |
Peer Comparison of Merchado India Private Limited
Merchado India Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Accessories Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Acs Fashions Private Limited. | ₹3.4 Lakh (FY 2017) | •••• | •••• | -76.0% | •••• | Gurgaon, Haryana, India |
| Zeneq Advisors Private Limited | ₹3.4 Lakh (FY 2025) | •••• | •••• | -97.0% | •••• | New Delhi, Delhi, India |
| Arkah Exports Private Limited | ₹3.37 Lakh (FY 2023) | •••• | •••• | •••• | Gurgaon, Haryana, India | |
| Mountain High Grassroots Development Consulting Private Limited | ₹3.26 Lakh (FY 2024) | •••• | •••• | -72.0% | •••• | New Delhi, Delhi, India |
| Vtek Telecommunications Private Limited | ₹3.24 Lakh (FY 2017) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Merchado India Private Limited this company | ₹3.24 Lakh (FY 2024) | •••• | •••• | -92.0% | •••• | Delhi, India |
| Riseup Luggage Private Limited | ₹3.24 Lakh (FY 2020) | •••• | •••• | •••• | Patna, Bihar, India | |
| Babasho Retailers (OPC) Private Limited | ₹3.16 Lakh (FY 2022) | •••• | •••• | 2298.0% | •••• | Ganjam, Odisha, India |
| E-Trendy Products Private Limited | ₹3.15 Lakh (FY 2025) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Alpha 2 Omega Lifestyles Private Limited | ₹3.12 Lakh (FY 2023) | •••• | •••• | -77.0% | •••• | Navi Mumbai, Maharashtra, India |
| Ghosh & Sons Pvt Ltd | ₹3.11 Lakh (FY 2024) | •••• | •••• | 15.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Merchado India by revenue in the Consumer Products industry (Accessories Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Merchado India Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Merchado India Private Limited
Merchado India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Merchado India Private Limited
Employment history and EPFO contributions of people linked to Merchado India.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Merchado India Private Limited
Merchado India Private Limited has 5 board changes on record since 2019: 3 appointments and 2 cessations. The latest: Damini Kumari was appointed as Director on 30 Nov 2024.
AGM
Merchado India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Merchado India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi Ii.
Appointed
Damini Kumari was appointed as Director.
Appointed
Mervyn Vincent Basil was appointed as Director.
Ceased
Rohan Varshney ceased to be Director.
Ceased
Kapil Anand ceased to be Director.
Appointed
Ranjeet Jha was appointed as Director.
Incorporation
31 Oct 2019
Merchado India Private Limited was registered on 31 Oct 2019 with Roc Delhi Ii & aged 6 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Merchado India Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Merchado India Private Limited
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Merchado India Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Merchado India Private Limited
Merchado India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AANCM0421F1ZS | Delhi | Active | 11 Dec 2019 |
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MCA Filings & Documents of Merchado India Private Limited
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Frequently Asked Questions about Merchado India Private Limited
Merchado India is an active private limited company based in Delhi, India. The company works in knitted textile, within the textile industry. It was incorporated on 31 October 2019 (7+ years old) and is registered under CIN U17309DL2019PTC356928.
Merchado India reported revenue of ₹3.24 Lakh for FY 2024 (down 92% YoY).
Merchado India has 3 current directors:
- Ranjeet Jha - Director
- Damini Kumari - Director
- Mervyn Vincent Basil - Director
Merchado India reported a net profit of ₹1,383 (net margin 0.4%) and EBITDA of ₹1,869 (EBITDA margin 0.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Merchado India is 396% over three years. In the latest year (FY 2024) revenue fell 92%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Merchado India is 07AANCM0421F1ZS, registered in Delhi.
The CIN (Corporate Identification Number) of Merchado India is U17309DL2019PTC356928. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merchado India was incorporated on 31 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Merchado India by revenue are Acs Fashions Private Limited, Zeneq Advisors Private Limited, Arkah Exports Private Limited, Mountain High Grassroots Development Consulting Private Limited, Vtek Telecommunications Private Limited and 5 more, all in the Consumer Products industry (Accessories Retail and Distribution).
Damini Kumari was appointed as Director on 30 Nov 2024. Mervyn Vincent Basil was appointed as Director on 23 May 2024. Rohan Varshney ceased to be Director on 23 May 2024. Merchado India has 5 board changes on record in total.
Yes, Merchado India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).