MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0007008
Merit Advisors Private Limited
Merit Advisors Private Limited - business outsourcing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹91.36 Lakh
▲ 158% YoY
Net profit · FY 2025
₹44.28 Lakh
Net margin 48.5%
EBITDA · FY 2025
₹74.62 Lakh
EBITDA margin 81.7%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹9.97 Lakh
Issued & subscribed
Satisfied charges
₹12.05 Cr
No open charges
Company age
28 yrs
Est. 1998
Directors on board
2
As per MCA filings
About Merit Advisors Private Limited
Data last updated:
Merit Advisors Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 15 October 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65920MH1998PTC116891. Its GSTIN is 27AADCM2331E1ZX (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹9.97 Lakh. It was formerly known as Merit Finance Private Limited. It is led by directors Walter Sylvester Dsouza and Diana Dsouza.
Its last annual general meeting (AGM) was held on 12 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 504 Windfall Sahar Plaza Andheri – Kurla Road Andheri (E), Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2025, the company reported a revenue of ₹91.36 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹44.28 Lakh (net margin 48.5%) and EBITDA of ₹74.62 Lakh (EBITDA margin 81.7%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 31% over five years.
As per MCA filings, the company has satisfied charges of ₹12.05 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
Merit Advisors Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0007008). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Merit Advisors Private Limited
CIN U65920MH1998PTC116891
Registration Number 116891
Incorporation Date 15 October 1998
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 12 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0007008
Recognitions & Rankings of Merit Advisors
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address504 Windfall Sahar Plaza Andheri – Kurla Road Andheri (E), Mumbai, Maharashtra, India – 400059
- IndustryBusiness Outsourcing, Business & IT Consulting
Comprehensive company report
Merit Advisors Private Limited - 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 Merit Advisors 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 |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Merit Advisors Private Limited
FY 2025 filings availableMerit Advisors Private Limited reported revenue of ₹91.36 Lakh (up 158% YoY) for FY 2025.
Revenue · FY 2025
₹91.36 Lakh ▲ 158%
Net profit · FY 2025
₹44.28 Lakh margin 48.5%
EBITDA · FY 2025
₹74.62 Lakh margin 81.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 158%
3 years · compounded
▲ 4%
5 years · compounded
▲ 31%
EBITDA CAGR growth
1 year
▲ 152%
3 years · compounded
▲ 3%
5 years · compounded
▲ 33%
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 158% growth in the latest year. EBITDA rose 152% 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 2020-21 to FY 2023-24in the company report |
|---|---|---|
| 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 | ₹74.62 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹44.28 Lakh | |
| 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 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 81.7% | |
| Net Profit Margin | 48.5% | |
| 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, and every line for FY 2020-21 to FY 2023-24, 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 Merit Advisors are in the company report.
: available in the company report
Board of Directors of Merit Advisors Private Limited
Merit Advisors has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Walter Sylvester Dsouza Also directs: Same Time Same Place LLP, Wapl Ventures LLP, Grapefruit Health Private Limited and 4 more | Director | 30 Sep 2002 | 24 Years 0 Months | Current |
| Diana Dsouza Also directs: Same Time Same Place LLP, Wapl Ventures LLP, Waltz Properties Private Limited and 2 more | Director | 30 Sep 2002 | 24 Years 0 Months | Current |
Auditor Details
Merit Advisors Private Limited is audited by VINOD MURARKA & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VINOD MURARKA & CO. | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Open charges
None
Satisfied charges
₹12.05 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Apr 2018 | Others | ₹2.28 Cr | Satisfied |
| 15 Feb 2016 | Standard Chartered Bank | ₹1.35 Cr | Satisfied |
| 15 Feb 2016 | Standard Chartered Bank | ₹2.41 Cr | Satisfied |
| 20 Nov 2013 | Citibank N. A. | ₹2.56 Cr | Satisfied |
| 22 Nov 2011 | Citi Bank N. A. | ₹1 Cr | Satisfied |
Total charge records: 7 View all charges
Legal Cases
Merit Advisors Private Limited has 1 court case on record: 1 filed by Merit Advisors. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Shri Gajanana Industries India Pvt Ltd | Pending |
: available in 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.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Merit Advisors.
: available in the company report
Recent Activity
Merit Advisors Private Limited has 3 board changes on record since 2002: 2 appointments and 1 cessation. The latest: Sunil Ranjitsingh Mehta ceased to be Director on 09 Oct 2015.
AGM
Merit Advisors Private Limited last Annual general meeting of members was held on 12 Aug 2025 as per latest MCA records.
Filing
Merit Advisors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 16 Apr 2018 via Charge ID 100175004 with Others was fully satisfied on 16 Dec 2020.
Charges
A charge registered on 15 Feb 2016 via Charge ID 10621657 with Standard Chartered Bank was fully satisfied on 15 May 2018.
Charges
A charge registered on 15 Feb 2016 via Charge ID 10621660 with Standard Chartered Bank was fully satisfied on 15 May 2018.
Charges
A charge with Others amounted to Rs. 228.00 Lakh with Charge ID 100175004 was registered on 16 Apr 2018.
Charges
A charge registered on 20 Nov 2013 via Charge ID 10466312 with Citibank N. A. was fully satisfied on 15 Jun 2016.
Charges
A charge registered on 18 Nov 2011 via Charge ID 10320779 with Citi Bank N. A. was fully satisfied on 15 Jun 2016.
Charges
A charge with Standard Chartered Bank amounted to Rs. 135.00 Lakh with Charge ID 10621657 was registered on 15 Feb 2016.
Charges
A charge with Standard Chartered Bank amounted to Rs. 241.25 Lakh with Charge ID 10621660 was registered on 15 Feb 2016.
Ceased
Sunil Ranjitsingh Mehta ceased to be Director.
Charges
A charge registered on 22 Nov 2011 via Charge ID 10320776 with Citi Bank N. A. was fully satisfied on 05 Dec 2013.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Merit Advisors has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM2331E1ZX | Maharashtra | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Merit Advisors is an active private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 15 October 1998 (28+ years old) and is registered under CIN U65920MH1998PTC116891.
Merit Advisors has 2 current directors:
- Walter Sylvester Dsouza - Director
- Diana Dsouza - Director
The latest financial statements of Merit Advisors on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Merit Advisors is 27AADCM2331E1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Merit Advisors is U65920MH1998PTC116891. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merit Advisors has 1 court case on record: 1 filed by the company. 1 is pending.
Merit Advisors was incorporated on 15 October 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Sunil Ranjitsingh Mehta ceased to be Director on 09 Oct 2015. Diana Dsouza was appointed as Director on 30 Sep 2002. Walter Sylvester Dsouza was appointed as Director on 30 Sep 2002.
Yes, Merit Advisors is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0007008).
The registered office of Merit Advisors is at 504 Windfall Sahar Plaza Andheri – Kurla Road Andheri E, Mumbai, Maharashtra, India – 400059.