MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-05-0033798
Merchant Salt Pvt Ltd
Merchant Salt Pvt Ltd - musical instruments in Bhavnagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.03 Cr
▼ 17% YoY
Net profit · FY 2025
₹36,063
Net margin 0.2%
EBITDA · FY 2025
₹16.96 Lakh
EBITDA margin 8.4%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Company age
34 yrs
Est. 1992
Employees · EPFO
2
Provident fund records
Directors on board
4
As per MCA filings
About Merchant Salt Pvt Ltd
Data last updated:
Merchant Salt Pvt Ltd is a private limited company based in Bhavnagar, Gujarat, India. It operates in the jewellery segment of the musical instruments sector. It was incorporated on 16 October 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U14220GJ1992PTC018445. Its GSTIN is 24AABCM4436E1ZV (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Asaraf Sulemanbhai Hamidani and Ashrafbhai Kadarbhai Dholiya.
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 Ward No. 1 Vadva – A Behind Alka Cinema Bodiya Mahadev Street, Bhavnagar, Gujarat, India – 364001.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.03 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹36,063 (net margin 0.2%) and EBITDA of ₹16.96 Lakh (EBITDA margin 8.4%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years.
The company has about 2 employees on its provident fund (EPFO) records.
Court records list 1 case involving the company, including 1 filed by the company.
Merchant Salt Pvt Ltd is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-05-0033798). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U14220GJ1992PTC018445
Registration Number 018445
Incorporation Date 16 October 1992
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-05-0033798
Key People
Asaraf Sulemanbhai Hamidani Director Ashrafbhai Kadarbhai Dholiya Director Azaz Mahamadashraf Hamidani Director Recognitions & Rankings of Merchant Salt
Contact details
Merchant Salt Pvt Ltd's registered office is in Bhavnagar, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressWard No. 1 Vadva – A Behind Alka Cinema Bodiya Mahadev Street, Bhavnagar, Gujarat, India – 364001
- IndustryMusical Instruments, Jewellery, Manufacturing, Musical Instrument, Sports Goods
To see the full contact details of Merchant Salt Pvt Ltd, buy the company report.
Comprehensive company report
Merchant Salt Pvt Ltd - one report that includes everything
- 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
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Business activity
The main business activity of Merchant Salt is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Merchant Salt Pvt Ltd, buy the company report.
Financials of Merchant Salt Pvt Ltd
FY 2025 filings availableMerchant Salt Pvt Ltd reported revenue of ₹2.03 Cr (down 17% YoY) for FY 2025.
Revenue · FY 2025
₹2.03 Cr ▼ 17%
Net profit · FY 2025
₹36,063 margin 0.2%
EBITDA · FY 2025
₹16.96 Lakh margin 8.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 17%
3 years · compounded
▲ 32%
EBITDA CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 39%
5 years · compounded
▲ 17%
Revenue fell 17% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 32%. EBITDA fell 7% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹16.96 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹36,063 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.4% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Merchant Salt Pvt Ltd, buy the company report.
Board of directors of Merchant Salt Pvt Ltd
Merchant Salt has 4 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 |
|---|---|---|---|---|
| Asaraf Sulemanbhai Hamidani | Director | 27 Feb 2009 | 17 Years 8 Months | Current |
| Ashrafbhai Kadarbhai Dholiya | Director | 27 Feb 2009 | 17 Years 8 Months | Current |
| Azaz Mahamadashraf Hamidani | Director | 10 Dec 2024 | 1 Years 10 Months | Current |
| Ibrahim Ashrafbhai Hamidani | Director | 10 Dec 2024 | 1 Years 10 Months | Current |
Peer comparison
Merchant Salt Pvt Ltd is compared with the 10 companies closest to it by revenue in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Radha Govind Jewelarts Private Limited | ₹2.04 Cr (FY 2025) | -9.0% | Meerut, Uttar Pradesh, India | |||
| Krisha Angel Private Limited | ₹2.04 Cr (FY 2022) | 402.0% | Navi Mumbai, Maharashtra, India | |||
| Designer Watches Private Limited | ₹2.04 Cr (FY 2025) | 34.0% | Mumbai, Maharashtra, India | |||
| Technocratic Dynamos Private Limited | ₹2.03 Cr (FY 2024) | 78.0% | Navi Mumbai, Maharashtra, India | |||
| Mateshwari Marmo Private Limited | ₹2.03 Cr (FY 2024) | 1.0% | Chittorgarh, Rajasthan, India | |||
| Merchant Salt Pvt Ltdthis company | ₹2.03 Cr (FY 2025) | ₹36,063 | 0.2% | -17.0% | 2 | Bhavnagar, Gujarat, India |
| 3Dent DDS Private Limited | ₹2.03 Cr (FY 2025) | -1.0% | Bangalore, Karnataka, India | |||
| Grandwell Sporting Goods Pvt Ltd | ₹2.03 Cr (FY 2025) | -3.0% | Ernakulam, Kerala, India | |||
| Clifden Vision Private Limited | ₹2.02 Cr (FY 2022) | 264.0% | Gurgaon, Haryana, India | |||
| I C Sight and Sound Private Limited | ₹2.02 Cr (FY 2019) | -26.0% | New Delhi, Delhi, India | |||
| Anand Shikha Marbles Pvt Ltd | ₹2.02 Cr (FY 2024) | -5.0% | Rajasthan, India |
To see the full peer comparison of Merchant Salt Pvt Ltd, buy the company report.
Auditor
Merchant Salt Pvt Ltd is audited by AMIT K BHATT & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AMIT K BHATT & CO | FY 2017 | 049340 |
Shareholding
The shareholding of Merchant Salt Pvt Ltd is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Merchant Salt Pvt Ltd, buy the company report.
Legal cases
Merchant Salt Pvt Ltd has 1 court case on record: 1 filed by Merchant Salt. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (COMP) | Filed by the company against The Registrar of Companies | Disposed |
To see the full case history of Merchant Salt Pvt Ltd, 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Merchant Salt Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Merchant Salt Pvt Ltd has a workforce of 2 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
2
Active EPFO establishments
1
GST
Merchant Salt has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCM4436E1ZV | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Merchant Salt Pvt Ltd, buy the company report.
Recent activity
Merchant Salt Pvt Ltd has 6 board changes on record since 2009: 4 appointments and 2 cessations. The latest: Azaz Mahamadashraf Hamidani was appointed as Director on 10 Dec 2024.
AGM
Merchant Salt Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Merchant Salt Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Azaz Mahamadashraf Hamidani was appointed as Director.
Appointed
Ibrahim Ashrafbhai Hamidani was appointed as Director.
Ceased
Maheboobali Ramzanali Asaria ceased to be Director.
Appointed
Asaraf Sulemanbhai Hamidani was appointed as Director.
Appointed
Ashrafbhai Kadarbhai Dholiya was appointed as Director.
Ceased
Debashis Bir Niharkumar ceased to be Director.
Incorporation
16 Oct 1992
Merchant Salt Pvt Ltd was registered on 16 Oct 1992 with Roc Ahmedabad & aged 34 years 15 days as per MCA records.
Frequently asked questions
Merchant Salt is an active private limited company based in Bhavnagar, Gujarat, India. The company works in jewellery, within the musical instruments industry. It was incorporated on 16 October 1992 (34+ years old) and is registered under CIN U14220GJ1992PTC018445.
Merchant Salt has 4 current directors:
- Asaraf Sulemanbhai Hamidani - Director
- Ashrafbhai Kadarbhai Dholiya - Director
- Azaz Mahamadashraf Hamidani - Director
- Ibrahim Ashrafbhai Hamidani - Director
The latest financial statements of Merchant Salt on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Merchant Salt is 24AABCM4436E1ZV, registered in Gujarat.
The CIN (Corporate Identification Number) of Merchant Salt is U14220GJ1992PTC018445. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merchant Salt has 1 court case on record: 1 filed by the company.
Merchant Salt was incorporated on 16 October 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Merchant Salt by revenue are Radha Govind Jewelarts Private Limited, Krisha Angel Private Limited, Designer Watches Private Limited, Technocratic Dynamos Private Limited, Mateshwari Marmo Private Limited and 5 more, all in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Azaz Mahamadashraf Hamidani was appointed as Director on 10 Dec 2024. Ibrahim Ashrafbhai Hamidani was appointed as Director on 10 Dec 2024. Maheboobali Ramzanali Asaria ceased to be Director on 26 Nov 2024. Merchant Salt has 6 board changes on record in total.
Yes, Merchant Salt is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-05-0033798).
The registered office of Merchant Salt is at Ward No. 1 Vadva – A Behind Alka Cinema Bodiya Mahadev Street, Bhavnagar, Gujarat, India – 364001.
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