MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-25-0007562
Merit Organics Limited - pharma in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹68.45 Cr
▼ 5% YoY
Net profit · FY 2025
₹7.34 Cr
Net margin 10.7%
EBITDA · FY 2025
₹12.83 Cr
EBITDA margin 18.7%
Authorised capital
₹7.25 Cr
Registered with MCA
Paid-up capital
₹6.88 Cr
Issued & subscribed
Open charges
₹21.49 Cr
Satisfied ₹90 Lakh
Company age
34 yrs
Est. 1992
Employees · EPFO
10
Provident fund records
About Merit Organics Limited
Data last updated:
Merit Organics Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 22 May 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51100MH1992PLC066904. Its GSTIN is 27AAACM7899L2ZL (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹7.25 Cr and a paid-up capital of ₹6.88 Cr. It is led by directors including Purshottam Atmaram Kejriwal (Managing Director) and Jyoti Devi Kejriwal (Whole-Time Director).
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 Unit 509 Western Edge – 1 Off. W.E. Highway Borivali East Cci Compound, Mumbai, Maharashtra, India – 400066.
As per the financials filed for FY 2025, the company reported a revenue of ₹68.45 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹7.34 Cr (net margin 10.7%) and EBITDA of ₹12.83 Cr (EBITDA margin 18.7%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 16% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹21.49 Cr and satisfied charges of ₹90 Lakh on record. Court records list 21 cases involving the company, including 2 filed by the company and 19 filed against it.
Merit Organics Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0007562). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website meritorganics.com.
Company details
CIN U51100MH1992PLC066904
Registration Number 066904
Incorporation Date 22 May 1992
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-25-0007562
CIN history
Merit Organics has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51100MH1992PLC066904, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51100MH1992PLC066904 | Current |
| U24230MH1992PLC066904 | Previous |
| U24230MH1992PTC066904 | Previous |
Key People
Purshottam Atmaram Kejriwal Managing Director Jyoti Devi Kejriwal Whole-Time Director Vibhu Purushottam Kejriwal Director Recognitions & Rankings of Merit Organics
Contact details
Merit Organics Limited's registered office is in Mumbai, Maharashtra. Its website is meritorganics.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit 509 Western Edge – 1 Off. W.E. Highway Borivali East Cci Compound, Mumbai, Maharashtra, India – 400066
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Merit Organics Limited, buy the company report.
Comprehensive company report
Merit Organics 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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Secure checkout · GST invoice included
Business activity
The main business activity of Merit Organics is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Merit Organics Limited, buy the company report.
Financials of Merit Organics Limited
FY 2025 filings availableMerit Organics Limited reported revenue of ₹68.45 Cr (down 5% YoY) for FY 2025.
Revenue · FY 2025
₹68.45 Cr ▼ 5%
Net profit · FY 2025
₹7.34 Cr margin 10.7%
EBITDA · FY 2025
₹12.83 Cr margin 18.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 3%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 27%
5 years · compounded
▲ 27%
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA rose 2% 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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| Total Expenses | |||||
| EBITDA | ₹12.83 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.34 Cr | ||||
| Balance Sheet | |||||
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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 | 18.7% | ||||
| Net Profit Margin | 10.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Merit Organics Limited, buy the company report.
Board of directors of Merit Organics Limited
Merit Organics has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Purshottam Atmaram Kejriwal | Managing Director | 22 May 1992 | 34 Years 5 Months | Current |
| Vibhu Purushottam Kejriwal | Director | 31 Mar 2023 | 3 Years 6 Months | Current |
| Jyoti Devi Kejriwal Also directs: Hardsoft Power Private Limited | Whole-Time Director | 11 Feb 2019 | 7 Years 8 Months | Current |
Peer comparison
Merit Organics Limited is compared with the 7 companies closest to it by revenue in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Three B Healthcare Limited | ₹68.95 Cr (FY 2024) | -2.0% | New Delhi, Delhi, India | |||
| Sunglow Lifescience Private Limited | ₹68.84 Cr (FY 2025) | -2.0% | Chennai, Tamil Nadu, India | |||
| Swift Life Sciences Private Limited | ₹68.84 Cr (FY 2025) | 109.0% | Dehradun, Uttarakhand, India | |||
| Merit Organics Limitedthis company | ₹68.45 Cr (FY 2025) | ₹7.34 Cr | 10.7% | -5.0% | 10 | Mumbai, Maharashtra, India |
| Super Lifecare Private Limited | ₹68.31 Cr (FY 2025) | -16.0% | Ahmedabad, Gujarat, India | |||
| Oxford Laboratories Private Limited | ₹67.77 Cr (FY 2025) | 26.0% | Mumbai, Maharashtra, India | |||
| Beloorbayir Biotech Limited | ₹67.42 Cr (FY 2021) | -4.0% | Bangalore, Karnataka, India | |||
| United Bioceuticals Private Limited | ₹67.35 Cr (FY 2024) | 31.0% | New Delhi, Delhi, India |
To see the full peer comparison of Merit Organics Limited, buy the company report.
Auditor
Merit Organics Limited is audited by S C Mehra & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S C Mehra & Associates | FY 2023 | 106156W |
Shareholding
The shareholding of Merit Organics 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 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Merit Organics Limited, buy the company report.
Charges & borrowings
Open charges
₹21.49 Cr
Satisfied charges
₹90 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2025 | 101083961 | Others | ₹23 Lakh | Open | |
| 05 Feb 2025 | 101052060 | Others | ₹20 Lakh | Open | |
| 11 Mar 2024 | 100922276 | Hdfc Bank Limited | ₹87.9 Lakh | Open | |
| 25 Sep 2023 | 100795175 | Others | ₹4 Cr | Open | |
| 26 Mar 2021 | 100455331 | Hdfc Bank Limited | ₹49.9 Lakh | Open |
To see the full charge records of Merit Organics Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Merit Organics Limited has 21 court cases on record: 2 filed by Merit Organics, 19 filed against it. All cases are disposed.
Total cases
21
Filed by the company
2
Filed against the company
19
Disposed
21
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 10 | 0 |
| District courts | 9 | 9 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (COMIP) | Filed against the company by Socomed Pharma Pvt. Ltd. | Disposed |
| Bombay High Court | Company petition | Filed against the company by Divya Packing Pvt. Ltd. | Disposed |
| Bombay High Court | Court case (S) | Filed against the company by Burroughs Wellcome (India ) Ltd. | Disposed |
| High Court, MAHARASHTRA | Court case (CRR) | Filed against the company by Syncom Formulations I Ltd. and Anr | Disposed |
| High Court | Court case (COMIP) | Filed against the company by Syncom Formulations I Ltd. and 1 other | Disposed |
To see the full case history of Merit Organics 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
Merit Organics Limited was last rated by Brickwork on 19 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 19 Mar 2020 |
To see the full credit ratings and regulatory alerts of Merit Organics Limited, buy the company report.
MSME payment delays
Merit Organics Limited has 17 MSME Form 1 returns on record between 2018 and 2024, listing 1,393 overdue payments to 143 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 143)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| S Cure Ampoules and Vials Private Limited | |||
| Contico Shipping Agency Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Merit Organics Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Merit Organics has 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Merit Organics Limited has a workforce of 10 employees on its EPFO records as of Feb 28, 2025, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
Employee growth
-16.67%
GST
Merit Organics has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM7899L2ZL | Maharashtra | Active | 24 Jan 2025 |
| 24AAACM7899L1ZS | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Merit Organics Limited, buy the company report.
Recent activity
Merit Organics Limited has 11 board changes on record since 1992: 3 appointments and 8 cessations. The latest: Vibhu Purushottam Kejriwal ceased to be Additional Director on 29 Sep 2023.
AGM
Merit Organics Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Merit Organics Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 0.23 Cr with Charge ID 101083961 was registered on 25 Mar 2025.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 101052060 was registered on 05 Feb 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.88 Cr with Charge ID 100922276 was registered on 11 Mar 2024.
Ceased
Vibhu Purushottam Kejriwal ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 100795175 was registered on 25 Sep 2023.
Appointed
Vibhu Purushottam Kejriwal was appointed as Director.
Charges
A charge with Others of Rs. 14.60 Cr registered on 15 Jul 2014 with Charge ID 10513724 was modified on 17 Dec 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.50 Cr with Charge ID 100455331 was registered on 26 Mar 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.80 Cr with Charge ID 100377535 was registered on 18 Aug 2020.
Charges
A charge with Others amounted to Rs. 0.28 Cr with Charge ID 100290590 was registered on 14 Aug 2019.
14 earlier events are in the company report.
Frequently asked questions
Merit Organics is an active public limited company based in Mumbai, Maharashtra, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 22 May 1992 (34+ years old) and is registered under CIN U51100MH1992PLC066904.
Merit Organics has 3 current directors:
- Purshottam Atmaram Kejriwal - Managing Director
- Jyoti Devi Kejriwal - Whole-Time Director
- Vibhu Purushottam Kejriwal - Director
The latest financial statements of Merit Organics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Merit Organics is 27AAACM7899L2ZL, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACM7899L1ZS (Gujarat).
The CIN (Corporate Identification Number) of Merit Organics is U51100MH1992PLC066904. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merit Organics has 21 court cases on record: 2 filed by the company and 19 filed against it. Most are in the high courts.
Merit Organics was incorporated on 22 May 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Merit Organics by revenue are Three B Healthcare Limited, Sunglow Lifescience Private Limited, Swift Life Sciences Private Limited, Super Lifecare Private Limited, Oxford Laboratories Private Limited and 2 more, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Vibhu Purushottam Kejriwal ceased to be Additional Director on 29 Sep 2023. Vibhu Purushottam Kejriwal was appointed as Director on 31 Mar 2023. Jyoti Devi Kejriwal ceased to be Director on 17 Jun 2019. Merit Organics has 11 board changes on record in total.
Yes, Merit Organics is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-25-0007562).
Merit Organics has 17 MSME Form 1 returns on record between 2018 and 2024, listing 1,393 overdue payments to 143 micro and small suppliers. The latest return was filed on 01 May 2024.
Merit Organics can be reached through the website meritorganics.com. Its registered office is in Mumbai, Maharashtra, India.