Merican Funds Limited
About Merican Funds Limited
Data last updated:
Merican Funds Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the advisory services segment of the financial services sector. It was incorporated on 06 November 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65910KA1985PLC007263.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Kamlesh Jitendra Shroff and Mukesh Thakorlal Shroff.
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 Samsom Complex 26 Mission Road, Bangalore, Karnataka, India – 560027.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.62 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹46,970 (net margin -28.9%) and EBITDA of -₹46,970 (EBITDA margin -28.9%). Revenue has grown at a compounded annual rate (CAGR) of 101% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressSamsom Complex 26 Mission Road, Bangalore, Karnataka, India – 560027
- IndustryFinancial Services, Advisory, Consultancy, Financial Brokerage
- 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
Business Activity of Merican Funds Limited
The main business activity of Merican Funds is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding | 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.
Financials of Merican Funds Limited FY 2025 filings available
Merican Funds Limited reported revenue of ₹1.62 Lakh (up 296% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Merican Funds Limited
Revenue has grown at a compounded annual rate (CAGR) of 101% over three years, including 296% growth in the latest year. EBITDA fell 373% 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 Merican Funds 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 | -₹46,970 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹46,970 | •••• | •••• | •••• | •••• |
| 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 Merican Funds Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -28.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -28.9% | •••• | •••• | •••• | •••• |
| 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 Merican Funds are in the company report.
Financial statements from 2015
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.
Peer Comparison of Merican Funds Limited
Merican Funds Limited is compared with the companies closest to it by revenue in the same principal business activity (Financial service activities, except insurance and pension funding). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Finvision Financial Services Private Limited | ₹1.67 Lakh (FY 2025) | •••• | •••• | •••• | Delhi, India | |
| Assurous Investments Private Limited | ₹1.67 Lakh (FY 2024) | •••• | •••• | 14.0% | •••• | Faridabad, Haryana, India |
| Karuna Dealtrade Private Limited | ₹1.64 Lakh (FY 2025) | •••• | •••• | 16.0% | •••• | Kolkata, West Bengal, India |
| BM Global Capital Private Limited | ₹1.64 Lakh (FY 2025) | •••• | •••• | 18.0% | •••• | Delhi, India |
| Triton Distributors Pvt Ltd | ₹1.63 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Kolkata, West Bengal, India |
| Merican Funds Limited this company | ₹1.62 Lakh (FY 2025) | •••• | •••• | 296.0% | •••• | Bangalore, Karnataka, India |
| Addanky Consultancy Private Limited | ₹1.6 Lakh (FY 2025) | •••• | •••• | 15.0% | •••• | Bilaspur, Chhattisgarh, India |
| Gold Rain Leasing and Finance Company Pvt Ltd | ₹1.59 Lakh (FY 2025) | •••• | •••• | 15.0% | •••• | New Delhi, Delhi, India |
| C & C Consultants (India) Private Limited | ₹1.59 Lakh (FY 2025) | •••• | •••• | -93.0% | •••• | Mumbai, Maharashtra, India |
| SLS Stock and Share Brokers Private Limited | ₹1.59 Lakh (FY 2025) | •••• | •••• | -79.0% | •••• | New Delhi, Delhi, India |
| Keshav Capital & Management Services Private Limited | ₹1.58 Lakh (FY 2024) | •••• | •••• | 5.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Merican Funds by revenue in the same principal business activity (Financial service activities, except insurance and pension funding), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Merican Funds Limited
Merican Funds Limited is audited by T.D.S. AND CO. for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| T.D.S. AND CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Merican Funds Limited
Merican Funds has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamlesh Jitendra Shroff | Director | 04 Mar 1992 | 34 Years 7 Months | Current |
| Mukesh Thakorlal Shroff Also directs: Arodyne Chemicals Limited, Desai Investments Pvt Ltd, Avdhoot Finance and Investment Private Limited and 5 more | Director | 04 Mar 1992 | 34 Years 7 Months | Current |
| Manoj Thakorlal Shroff Also directs: Guru Holding Pvt Ltd, V B Desai Financial Services Ltd | Director | 04 Mar 1992 | 34 Years 7 Months | Current |
Ownership and Shareholding of Merican Funds Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Merican Funds Limited
Merican Funds Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Merican Funds Limited
Employment history and EPFO contributions of people linked to Merican Funds.
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.
Recent Activity on Merican Funds Limited
Merican Funds Limited has 3 board changes on record since 1992: 3 appointments. The latest: Kamlesh Jitendra Shroff was appointed as Director on 04 Mar 1992.
Credit Ratings, Litigation & Regulatory Alerts for Merican Funds 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 Merican Funds 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 Merican Funds 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.
GST Compliance of Merican Funds Limited
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.
MCA Filings & Documents of Merican Funds 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.
Frequently Asked Questions about Merican Funds Limited
Merican Funds is an active public limited company based in Bangalore, Karnataka, India. The company works in advisory, within the financial services industry. It was incorporated on 06 November 1985 (41+ years old) and is registered under CIN U65910KA1985PLC007263.
Merican Funds reported revenue of ₹1.62 Lakh for FY 2025 (up 296% YoY).
Merican Funds has 3 current directors:
- Kamlesh Jitendra Shroff - Director
- Mukesh Thakorlal Shroff - Director
- Manoj Thakorlal Shroff - Director
Merican Funds reported a net loss of ₹46,970 (net margin -28.9%) and EBITDA of -₹46,970 (EBITDA margin -28.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Merican Funds is 101% over three years. In the latest year (FY 2025) revenue rose 296%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Merican Funds is U65910KA1985PLC007263. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merican Funds was incorporated on 06 November 1985, making it 41+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Merican Funds by revenue are Finvision Financial Services Private Limited, Assurous Investments Private Limited, Karuna Dealtrade Private Limited, BM Global Capital Private Limited, Triton Distributors Pvt Ltd and 5 more, all in the same principal business activity (Financial service activities, except insurance and pension funding).
Kamlesh Jitendra Shroff was appointed as Director on 04 Mar 1992. Manoj Thakorlal Shroff was appointed as Director on 04 Mar 1992. Mukesh Thakorlal Shroff was appointed as Director on 04 Mar 1992.
The registered office of Merican Funds is at Samsom Complex 26 Mission Road, Bangalore, Karnataka, India – 560027.
Merican Funds has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr.