About Merino Industries Limited
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Merino Industries Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 29 July 1965 and has been in existence for over 61 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB1965PLC026556. Its GSTIN is 19AAACC9186C1ZK (West Bengal). The company holds 28 GST registrations, of which 19 are active.
The company has an authorised share capital of ₹19.75 Cr and a paid-up capital of ₹11.18 Cr. It was formerly known as Century Laminating Company Private Ltd and H.N.Lohia (Agencies) Pvt Ltd. It is led by directors including Prakash Lohia (Managing Director) and Prasan Lohia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 5 Alexandra Court 60/1 Chowringhee Ro, Kolkata, West Bengal, India – 700020.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,354.98 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹7.32 Cr (net margin -0.3%) and EBITDA of ₹105.5 Cr (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 18% over five years.
The company has about 2,791 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Merino Laminates. As per MCA filings, the company has open charges of ₹1,019.25 Cr and satisfied charges of ₹1,614.39 Cr on record. Court records list 401 cases involving the company, including 309 filed by the company and 93 filed against it; 49 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website merinoindia.com.
Company details
Name history
Merino Industries has undergone 3 name changes throughout its history. The company was previously known as Century Laminating Company Private Ltd, H.N.Lohia (Agencies) Pvt Ltd, and Century Laminating Company Ltd. The current legal name is Merino Industries Limited.
| Company Name | Status |
|---|---|
| Merino Industries Limited | Current |
| Century Laminating Company Private Ltd | Previous |
| H.N.Lohia (Agencies) Pvt Ltd | Previous |
| Century Laminating Company Ltd | Previous |
CIN history
Merino Industries has one previous CIN (Corporate Identification Number): U99999WB1965PLC026556. The current CIN is U51909WB1965PLC026556, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909WB1965PLC026556 | Current |
| U99999WB1965PLC026556 | Previous |
Contact details
Merino Industries Limited's registered office is in Kolkata, West Bengal. Its website is merinoindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address5 Alexandra Court 60/1 Chowringhee Ro, Kolkata, West Bengal, India – 700020
- IndustryManufacturing, Wood Products & MDF
To see the full contact details of Merino Industries 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
Merino Industries operates one associated brand: Merino Laminates. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Decorative laminates for interiors are manufactured and supplied. | merinolaminates.com |
Business activity
The main business activity of Merino Industries is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Merino Industries Limited, buy the company report.
Financials of Merino Industries Limited
FY 2025 filings availableMerino Industries Limited reported revenue of ₹2,354.98 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 2% growth in the latest year. EBITDA fell 49% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2,354.98 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹105.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.32 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.5% | ||||
| Net Profit Margin | -0.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Merino Industries Limited, buy the company report.
Board of directors of Merino Industries Limited
Merino Industries has 12 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Titu Prasad Kooretti Also directs: Srinivasa Resorts Ltd | Director | 17 Aug 2022 | 4 Years 2 Months | Current |
| Prasan Lohia Also directs: Merino Properties Private Limited | Whole-Time Director | 01 Oct 2004 | 22 Years 1 Months | Current |
| Ruchira Lohia Also directs: Merino Properties Private Limited, Premchand Lohia Agro Limited | Whole-Time Director | 01 Apr 2000 | 26 Years 7 Months | Current |
| Madhusudan Lohia | Whole-Time Director | 01 Oct 2006 | 20 Years 1 Months | Current |
| Bikash Lohia Also directs: Merino Properties Private Limited, CLL Agro Limited | Whole-Time Director | 01 Oct 2006 | 20 Years 1 Months | Current |
| Prabal Kumar Sarkar Also directs: Dic India Limited | Director | 01 Dec 2020 | 5 Years 11 Months | Current |
Auditor
Merino Industries Limited is audited by WALKER CHANDIOK & CO, LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| WALKER CHANDIOK & CO, LLP | FY 2025 | 001076N |
Shareholding
The shareholding of Merino Industries Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Merino Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Apr 2026 | 101265465 | Axis Bank Limited | ₹30 Cr | Open | |
| 18 Dec 2025 | 101209089 | Others | ₹618 Cr | Open | |
| 07 Jul 2025 | 101130167 | Others | ₹190 Cr | Open | |
| 07 Apr 2025 | 101083640 | Others | ₹46 Cr | Open | |
| 20 Jun 2024 | 100945159 | The Hongkong and Shanghai Banking Corporation Limited | ₹105 Cr | Open |
To see the full charge records of Merino Industries Limited, buy the company report.
Total charge records: 77 View all charges
Legal cases
Merino Industries Limited has 401 court cases on record: 309 filed by Merino Industries, 93 filed against it. 49 cases are pending and 352 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 248 | 55 | 30 |
| High courts | 136 | 26 | 18 |
| Supreme Court | 17 | 12 | 1 |
Cases on record (5 of 401)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hapur, Uttar Pradesh | Interim or miscellaneous application | Filed against the company by M/S Indian Oil Corporation Limited | Pending |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by M/S. Nutech Designs Private Limited, Rep by Director | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Larsen and Toubro Ltd.And Anr | Disposed |
| District court, North West, Delhi | Execution petition | Filed by the company against Unique Reality Pvt Ltd | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Larsen and Toubro Ltd. | Disposed |
To see the full case history of Merino Industries 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
Merino Industries Limited was last rated by Care on 06 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Jan 2022 |
To see the full credit ratings and regulatory alerts of Merino Industries Limited, buy the company report.
MSME payment delays
Merino Industries Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 2,372 overdue payments to 284 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 284)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Lyxel Labs Private Limited | |||
| Atul Autocomp Private Limited | |||
| Bellway Consulting | |||
| an individual supplier |
To see the full MSME payment records of Merino Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Merino Industries Limited has a workforce of 2,791 employees on its EPFO records as of Jan 09, 2026, across 10 active EPFO establishments.
GST
Merino Industries has 28 GST registrations: 19 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACC9186C1ZK | West Bengal | Active | 01 Jul 2017 |
| 19AAACC9186C2ZJ | West Bengal | Active | 08 Aug 2017 |
| 05AAACC9186C1ZT | Uttarakhand | Active | 01 Jul 2017 |
| 07AAACC9186C1ZP | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Merino Industries Limited, buy the company report.
Recent activity
Merino Industries Limited has 36 board changes on record since 1976: 16 appointments and 20 cessations. The latest: Anurag Lohia ceased to be Whole-Time Director on 30 Nov 2023.
205 earlier events are in the company report.
News
Frequently asked questions
Merino Industries is an active public limited company based in Kolkata, West Bengal, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 29 July 1965 (61+ years old) and is registered under CIN U51909WB1965PLC026556.
Merino Industries has 12 current directors:
- Prakash Lohia - Managing Director
- Prasan Lohia - Whole-Time Director
- Ruchira Lohia - Whole-Time Director
- Madhusudan Lohia - Whole-Time Director
- Bikash Lohia - Whole-Time Director
- Nripen Kumar Dugar - Whole-Time Director
- Manoj Lohia - Whole-Time Director
- Deepak Lohia - Whole-Time Director
- Anil Jajoo - Whole-Time Director
- Titu Prasad Kooretti - Director
- Prabal Kumar Sarkar - Director
- Bama Prasad Mukhopadhyay - Director
The latest financial statements of Merino Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Merino Industries is 19AAACC9186C1ZK, registered in West Bengal. The company has 28 GST registrations in all, of which 19 are active and 9 are cancelled or inactive. Other active GSTINs include 19AAACC9186C2ZJ (West Bengal), 05AAACC9186C1ZT (Uttarakhand), 07AAACC9186C1ZP (Delhi).
The CIN (Corporate Identification Number) of Merino Industries is U51909WB1965PLC026556. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merino Industries has 401 court cases on record: 309 filed by the company and 93 filed against it. 49 are pending. Most are in the district courts.
Merino Industries was incorporated on 29 July 1965, making it 61+ years old. It is registered with the Registrar of Companies, Kolkata.
Anurag Lohia ceased to be Whole-Time Director on 30 Nov 2023. Anil Jajoo was appointed as Whole-Time Director on 29 Sep 2023. Anil Jajoo ceased to be Additional Director on 21 Mar 2023. Merino Industries has 36 board changes on record in total.
Merino Industries has 16 MSME Form 1 returns on record between 2019 and 2024, listing 2,372 overdue payments to 284 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Merino Industries can be reached through the website merinoindia.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Merino Industries is at 5 Alexandra Court 601 Chowringhee Ro, Kolkata, West Bengal, India – 700020.
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