Merit Retail Private Limited
About Merit Retail Private Limited
Data last updated:
Merit Retail Private Limited was a private limited company based in Karimnagar, Telangana, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the fashion retail segment of the fashion and textiles sector. It was incorporated on 16 March 2017.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U52609TG2017PTC115941. Its GSTIN is 36AAKCM9190L1ZP (Telangana).
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors including Munendar Gourishetty and Gourisetti Arun Sai.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office was at No.3 – 5 – 39 Annamaneni Hanumamma Complex Osmanpura Opp Government Girlsjr.College, Karimnagar, Telangana, India – 505001.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.29 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹72.97 Lakh (net margin 3%) and EBITDA of ₹1.51 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 2% over five years.
The company has about 136 employees on its provident fund (EPFO) records.
Company details
Contact details
Merit Retail Private Limited's registered office is in Karimnagar, Telangana. Its e-mail address is in the company report.
- Email
- Registered AddressNo.3 – 5 – 39 Annamaneni Hanumamma Complex Osmanpura Opp Government Girlsjr.College, Karimnagar, Telangana, India – 505001
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Merit Retail Private 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
Business activity
The main business activity of Merit Retail is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Merit Retail Private Limited, buy the company report.
Financials of Merit Retail Private Limited
FY 2025 filings availableMerit Retail Private Limited reported revenue of ₹24.29 Cr (down 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 30% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.51 Cr | ||||
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| Net Profit (PAT) | ₹72.97 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 6.2% | ||||
| Net Profit Margin | 3% | ||||
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To see the full financial statements and ratios of Merit Retail Private Limited, buy the company report.
Board of directors of Merit Retail Private Limited
Merit Retail has 8 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Munendar Gourishetty Also directs: Merit Retail LLP, GVN Softech Private Limited | Director | 16 Mar 2017 | 9 Years 7 Months | As last reported |
| Gourisetti Arun Sai Also directs: Lorven Infra Build LLP, Merit Retail LLP | Director | 29 Mar 2023 | 3 Years 6 Months | As last reported |
| Gourisetty Varun Nag | Director | 29 Mar 2023 | 3 Years 6 Months | As last reported |
| Rachana Sree Potti Also directs: Merit Retail LLP | Director | 03 Oct 2017 | 9 Years 0 Months | As last reported |
| Keshav Gupta Tiruveedhula | Director | 03 Oct 2017 | 9 Years 0 Months | As last reported |
| Abhinay Venkata Sai Potti | Director | 16 Mar 2017 | 9 Years 7 Months | As last reported |
Legal cases
No court or tribunal cases involving Merit Retail Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Merit Retail Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Merit Retail Private Limited has a workforce of 136 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Merit Retail has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAKCM9190L1ZP | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Merit Retail Private Limited, buy the company report.
Recent activity
Merit Retail Private Limited has 14 board changes on record since 2017: 8 appointments and 6 cessations. The latest: Gourisetti Arun Sai ceased to be Additional Director on 28 Sep 2023.
5 earlier events are in the company report.
Frequently asked questions
Merit Retail has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Merit Retail was a private limited company based in Karimnagar, Telangana, India. The company worked in fashion retail, within the fashion and textile industry. It was incorporated on 16 March 2017 and is registered under CIN U52609TG2017PTC115941. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Merit Retail is U52609TG2017PTC115941. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merit Retail had 8 directors:
- Munendar Gourishetty - Director
- Gourisetti Arun Sai - Director
- Gourisetty Varun Nag - Director
- Rachana Sree Potti - Director
- Keshav Gupta Tiruveedhula - Director
- Abhinay Venkata Sai Potti - Director
- Seerna Suresh - Director
- Rakesh Tiruveedhula - Director
Merit Retail was incorporated on 16 March 2017. It is registered with the Registrar of Companies, Hyderabad.
The registered office of Merit Retail is at No.3 – 5 – 39 Annamaneni Hanumamma Complex Osmanpura Opp Government Girlsjr.College, Karimnagar, Telangana, India – 505001.
The latest financial statements of Merit Retail on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Merit Retail is 36AAKCM9190L1ZP, registered in Telangana.
Merit Retail operated in the fashion and textile industry, in the fashion retail segment.
Gourisetti Arun Sai ceased to be Additional Director on 28 Sep 2023. Gourisetty Varun Nag ceased to be Additional Director on 28 Sep 2023. Gourisetti Arun Sai was appointed as Director on 29 Mar 2023. Merit Retail has 14 board changes on record in total.