Merit Credit Corporation Limited - Company Profile

It is a financial services public limited company based in Ahmedabad, Gujarat, India, established in 1987.
1987 Ahmedabad, Gujarat, India Active
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About Merit Credit Corporation Limited

Merit Credit Corporation Limited, a active public limited company, was established on 03 June 1987 in Ahmedabad, Gujarat, India. Engaging in financial activities within the financial and insurance service sector, it holds CIN: U65910GJ1987PLC009699. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹10.50 Cr and a paid-up capital of ₹7.35 Cr.

Formerly known as M.H. Investments Private Limited. It upholds a compliant status. Its leadership includes Mrudulaben Harshadbhai Patel (Director), Amar Harshadbhai Patel (Director), Omdutt Laxminarayan Sharma (Director). Past directors included Amar Harshad Patel, Jayshree Tusharbhai Shah, Tanmay Rajendrakumar Mehta. It holds ₹80.00 Cr open charges and ₹19.00 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at 3, Ravipushpa Apartment, Opp Sunset Row House, Gurukul Road, Ahmedabad, Gujarat, 380052.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U65910GJ1987PLC009699

  • Registration Number

    009699

  • Incorporation Date

    03 June 1987

  • Authorized Capital

    ₹10.50 Cr

  • Paid-Up Capital

    ₹7.35 Cr

  • ROC Code

    Roc Ahmedabad

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 10.50 Cr
  • Paid Up Capital ₹ 7.35 Cr
  • Company Age 38 Year, 9 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 80.00 Cr
  • Satisfied Charges ₹ 19.00 Cr
  • Revenue Growth **** 291.09%
  • Profit Growth **** -140.06%
  • Ebitda **** 460.79%
  • Net Worth -3.36%
  • Total Assets **** 62.11%
Company report

Merit Credit Corporation Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Merit Credit Corporation Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Merit Credit Corporation Limited?
Current Directors
Name Designation Appointment Date Status
Mrudulaben Harshadbhai Patel Director 01 Mar 1999 Current
Amar Harshadbhai Patel Director 15 Apr 2025 Current
Omdutt Laxminarayan Sharma Director 03 Sep 2024 Current
Dhruv Harshadbhai Patel Director 15 Apr 2025 Current
Bhakti Atulkumar Jani Director 03 Sep 2024 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Ceo(Kmp) - Past
Pramod Abcsdd Cfo(Kmp) - Past
Pramod Abcsdd Chief Financial Officer - Past
Pramod Abcsdd Company Secretary - Past
Pramod Abcsdd Director 03 Sep 2024 Past
Pramod Abcsdd Additional Director 29 Sep 2025 Past

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Financial Performance of Merit Credit Corporation.

Merit Credit Corporation Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 291.09% increase. The company also saw a substantial fall in profitability, with a 140.06% decrease in profit. The company's net worth dipped by a decrease of 3.36%.

Merit Credit Corporation revenue growth over time
Merit Credit Corporation profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 291.09%
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Revenue from Operations
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 1221.66%
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Total Assets
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 62.11%
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Profit or Loss
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 -140.06%
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*******
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Net Worth
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 -3.36%
*******
*******
*******
*******
EBITDA
*******
 460.79%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Merit Credit Corporation?

In 2020, Merit Credit Corporation had a promoter holding of 39.47% and a public holding of 60.54%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹800,000,000.00

Satisfied Charges

₹190,000,000.00

Charges Breakdown by Lending Institutions
  • Others : 80.00 Cr
Latest Charge Details
Date Lender Amount Status
27 Sep 2022 Others ₹40.00 Cr Open
21 Sep 2022 Others ₹40.00 Cr Open
14 Jul 2018 Others ₹6.00 Cr Satisfied
18 May 2015 Axis Finance Limited ₹10.00 Cr Satisfied
11 Mar 2015 Others ₹3.00 Cr Satisfied

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How Many Employees Work at Merit Credit Corporation?

Unlock and access historical data on people associated with Merit Credit Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Merit Credit Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Merit Credit Corporation's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Merit Credit Corporation
Recent Activity within the Organization
  • Annual General Meeting

    The activity Merit Credit Corporation Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was completed.

  • Director Appointment

    Progress on Amar Harshadbhai Patel was appointed as a Director was appointed as a Director on 15 Apr 2025 & has been associated with this company since 10 months 21 days . was documented.

  • Director Appointment

    Progress on Dhruv Harshadbhai Patel was appointed as a Director was appointed as a Director on 15 Apr 2025 & has been associated with this company since 10 months 21 days . was documented.

  • Balance Sheet

    Merit Credit Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was recorded as a recent event.

  • Director Appointment

    Progress on Omdutt Laxminarayan Sharma was appointed as a Director was appointed as a Director on 03 Sep 2024 & has been associated with this company since 1 year 6 months . was documented.

  • Director Appointment

    Bhakti Atulkumar Jani was appointed as a Director was appointed as a Director on 03 Sep 2024 & has been associated with this company since 1 year 6 months . was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Merit Credit Corporation Limited?

The CIN of Merit Credit Corporation Limited is U65910GJ1987PLC009699.

Where is Merit Credit Corporation Limited headquartered?

Merit Credit Corporation Limited is headquartered at 3, Ravipushpa Apartment, Opp Sunset Row House, Gurukul Road, Ahmedabad, Gujarat, 380052.

When was Merit Credit Corporation Limited incorporated?

Merit Credit Corporation Limited was incorporated on 03 June 1987.

Who are the current directors of Merit Credit Corporation Limited?

The current directors of Merit Credit Corporation Limited are

What is the primary industry of Merit Credit Corporation Limited?

The primary industry of Merit Credit Corporation Limited is Financial And Insurance Service.

Is Merit Credit Corporation Limited a listed company?

Merit Credit Corporation Limited is unlisted.

What is the capital structure of Merit Credit Corporation Limited?

The authorized capital of Merit Credit Corporation Limited is ₹10.50 Cr, and the paid-up capital is ₹7.35 Cr.

What is the compliance status of Merit Credit Corporation Limited?

The compliance status of Merit Credit Corporation Limited is Compliant.

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