Merit Investment Ltd
About Merit Investment Ltd
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Merit Investment Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 17 October 1977 and has been in existence for over 49 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U65993WB1977PLC031201. Its GSTIN is 19AABCM7755N2ZQ (West Bengal). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Mayank Dugar (Whole-Time Director) and Manjali Anthony Augustine.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Merit Investment Limited41 Chowringhee Road P S Park Street, Kolkata, West Bengal, India – 700071.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.2 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹40.25 Lakh (net margin 33.5%) and EBITDA of ₹36.58 Lakh (EBITDA margin 30.4%). Revenue has grown at a compounded annual rate (CAGR) of 118% over three years and 40% over five years.
As per MCA filings, the company has satisfied charges of ₹11.5 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Merit Investment has one previous CIN (Corporate Identification Number): L65993WB1977PLC031201. The current CIN is U65993WB1977PLC031201, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65993WB1977PLC031201 | Current |
| L65993WB1977PLC031201 | Previous |
Contact details
Merit Investment Ltd's registered office is in Kolkata, West Bengal.
- Registered AddressMerit Investment Limited41 Chowringhee Road P S Park Street, Kolkata, West Bengal, India – 700071
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
- 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
Business activity
The main business activity of Merit Investment is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Merit Investment Ltd, buy the company report.
Financials of Merit Investment Ltd
FY 2025 filings availableMerit Investment Ltd reported revenue of ₹1.2 Cr (up 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 40% over five years, including 16% growth in the latest year. EBITDA rose 435% 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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| EBITDA | ₹36.58 Lakh | ||||
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| Net Profit (PAT) | ₹40.25 Lakh | ||||
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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 | 30.4% | ||||
| Net Profit Margin | 33.5% | ||||
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To see the full financial statements and ratios of Merit Investment Ltd, buy the company report.
Board of directors and KMP of Merit Investment Ltd
Merit Investment Ltd currently reports 2 directors and 1 key managerial person. 10 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manjali Anthony Augustine | Director | 28 Mar 2025 | 1 Years 7 Months | Current |
| Jaiprakash Narayan Dwivedi Also directs: Darshanlal Exports Limited, Kusum Marketing Ltd | Cfo | 25 Jun 2024 | 2 Years 4 Months | Current |
| Mayank Dugar | Whole-Time Director | 24 Dec 2014 | 11 Years 10 Months | Current |
Peer comparison
Merit Investment Ltd is compared with the 6 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sansun Fiscal Services Ltd | ₹1.2 Cr (FY 2022) | 53.0% | Kolkata, West Bengal, India | |||
| Libord Finance Limited | ₹1.2 Cr (FY 2019) | -25.0% | Mumbai, Maharashtra, India | |||
| Nikhil Finco & Properties Pvt.Ltd. | ₹1.2 Cr (FY 2025) | 49.0% | Kolkata, West Bengal, India | |||
| Bhandari Leafin Private Limited | ₹1.2 Cr (FY 2025) | 53.0% | Somajiguda, Hyderabad, Telangana, India | |||
| Merit Investment Ltdthis company | ₹1.2 Cr (FY 2025) | ₹40.25 Lakh | 33.5% | 16.0% | Kolkata, West Bengal, India | |
| Pullad Finance Private Limited | ₹1.2 Cr (FY 2023) | 81.0% | Ernakulam, Kerala, India | |||
| Gajet Financial Services Private Limited | ₹1.2 Cr (FY 2025) | 206.0% | Ernakulam, Kerala, India |
To see the full peer comparison of Merit Investment Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Sep 2011 | 10311702 | Canara Bank | ₹11.5 Cr | Satisfied |
To see the full charge records of Merit Investment Ltd, buy the company report.
Total charge records: 1 View all charges
Legal cases
Merit Investment Ltd has 6 court cases on record: 4 filed by Merit Investment, 2 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 1 |
| District courts | 2 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1817-Ordinary Civil Matters : Matters for eviction / dispossession other than Rent Control Act matters) | Filed against the company by Sethia Oils Ltd. Through Authorised Signatory Through Authorised Signatory 143, Cotton Street , District: Kolkata ,Kolkata , West Bengal | Disposed |
| High Court | Civil suit | Filed by the company against Octavius Tea & Industries Ltd. | Disposed |
| High Court, West Bengal | Writ petition | Filed by the company against Union of India and Ors. | Pending |
| District court, Calcutta, West Bengal | Court case (TS) | Filed by the company against Octavious Tea and Industries Ltd | Disposed |
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Merit Investment 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 Merit Investment Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Merit Investment has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCM7755N2ZQ | West Bengal | Active | 15 Oct 2019 |
To see the full GST registrations and return filing status of Merit Investment Ltd, buy the company report.
Recent activity
Merit Investment Ltd has 13 board changes on record since 2014: 3 appointments and 10 cessations. The latest: Manjali Anthony Augustine ceased to be Additional Director on 09 Sep 2025.
7 earlier events are in the company report.
Frequently asked questions
Merit Investment is an active public limited company based in Kolkata, West Bengal, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 17 October 1977 (49+ years old) and is registered under CIN U65993WB1977PLC031201.
Merit Investment has 3 current directors and KMP:
- Mayank Dugar - Whole-Time Director
- Manjali Anthony Augustine - Director
- Jaiprakash Narayan Dwivedi - Cfo
The latest financial statements of Merit Investment on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Merit Investment is 19AABCM7755N2ZQ, registered in West Bengal. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Merit Investment is U65993WB1977PLC031201. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merit Investment has 6 court cases on record: 4 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Merit Investment was incorporated on 17 October 1977, making it 49+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Merit Investment by revenue are Sansun Fiscal Services Ltd, Libord Finance Limited, Nikhil Finco & Properties Pvt.Ltd, Bhandari Leafin Private Limited, Pullad Finance Private Limited and 1 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Manjali Anthony Augustine ceased to be Additional Director on 09 Sep 2025. Manjali Anthony Augustine was appointed as Director on 28 Mar 2025. Milan Bhatia ceased to be Additional Director on 15 Sep 2024. Merit Investment has 13 board changes on record in total.
The registered office of Merit Investment is at Merit Investment Limited41 Chowringhee Road P S Park Street, Kolkata, West Bengal, India – 700071.
Merit Investment operates in the financial services industry, in the investment and credit nbfc segment.
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