Merit Technologies (India) Limited - Company Profile

It is a machinery and equipment public limited company based in Chennai, Tamil Nadu, India, established in 1999.
1999 Chennai, Tamil Nadu, India Active
Last Updated:
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About Merit Technologies (India) Limited

Merit Technologies (India) Limited, a active public limited company, was established on 07 April 1999 in Chennai, Tamil Nadu, India. Engaging in material handling & storage equipment within the manufacturing sector, it holds CIN: U31200TN1999PLC042230. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹5.00 Cr and a paid-up capital of ₹3.60 Cr.

It upholds a compliant status. Employing 94 professional, Its leadership includes Gopalakrishnan Ramadurai (Director), Mathuru Narendra Reddy (Director), Thangappan Titus Rajakumar (Director). It holds ₹35.98 Cr open charges and ₹18.72 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at E-1, First Floor, Iiird Phase Thiru Vi Ka Industrial Estate, Guindy, Chennai, Tamil Nadu, 600032.

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

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U31200TN1999PLC042230

  • Registration Number

    042230

  • Incorporation Date

    07 April 1999

  • Authorized Capital

    ₹5.00 Cr

  • Paid-Up Capital

    ₹3.60 Cr

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 3.60 Cr
  • Company Age 26 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 35.98 Cr
  • Satisfied Charges ₹ 18.72 Cr
  • Revenue Growth **** 38.47%
  • Profit Growth **** 9.58%
  • Ebitda **** 19.60%
  • Net Worth 24.28%
  • Total Assets **** 22.50%
Company report

Merit Technologies (India) Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Merit Technologies (India) 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 Technologies (India) Limited?
Current Directors
Name Designation Appointment Date Status
Gopalakrishnan Ramadurai Director 07 Apr 1999 Current
Mathuru Narendra Reddy Director 07 Apr 1999 Current
Thangappan Titus Rajakumar Director 07 Apr 1999 Current

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Financial Performance of Merit Technologies (India).

Merit Technologies (India) Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 38.47% increase. The company also saw a slight improvement in profitability, with a 9.58% increase in profit. The company's net worth Soared by an impressive increase of 24.28%.

Merit Technologies (India) revenue growth over time
Merit Technologies (India) 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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 38.47%
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*******
*******
Revenue from Operations
*******
 39.62%
*******
*******
*******
*******
Total Assets
*******
 22.50%
*******
*******
*******
*******
Profit or Loss
*******
 9.58%
*******
*******
*******
*******
Net Worth
*******
 24.28%
*******
*******
*******
*******
EBITDA
*******
 19.60%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Merit Technologies (India)?

In 2023, Merit Technologies (India) had a promoter holding of 100.00%. 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

₹359,800,000.00

Satisfied Charges

₹187,166,000.00

Charges Breakdown by Lending Institutions
  • Axis Bank Limited : 35.98 Cr
Latest Charge Details
Date Lender Amount Status
01 Feb 2023 Axis Bank Limited ₹5.00 M Open
17 Dec 2020 Axis Bank Limited ₹3.00 M Open
26 Nov 2018 Axis Bank Limited ₹35.18 Cr Open
09 Mar 2023 Axis Bank Limited ₹5.00 Cr Satisfied
18 Sep 2020 Others ₹2.65 M Satisfied

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How Many Employees Work at Merit Technologies (India)?

Merit Technologies (India) has a workforce of 94 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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 Technologies (India), 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 Technologies (India)'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 Technologies (India)
Recent Activity within the Organization
  • Charges

    The activity A charge registered on 18 Sep 2020 via Charge ID 100381404 with Others was fully satisfied on 05 Dec 2024. was completed.

  • Charges

    A charge registered on 23 Jul 2018 via Charge ID 100191912 with Others was fully satisfied on 05 Dec 2024. was recorded as a recent event.

  • Annual General Meeting

    Progress on Merit Technologies (India) Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.

  • Balance Sheet

    Progress on Merit Technologies (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai. was documented.

  • Charges

    Progress on A charge with Axis Bank Limited of Rs. 35.18 Cr registered on 26 Nov 2018 with Charge ID 100224373 was modified on 11 Jan 2024. was documented.

  • Charges

    A charge registered on 09 Mar 2023 via Charge ID 100698726 with Axis Bank Limited was fully satisfied on 26 Jul 2023. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Merit Technologies (India) Limited?

The CIN of Merit Technologies (India) Limited is U31200TN1999PLC042230.

Where is Merit Technologies (India) Limited headquartered?

Merit Technologies (India) Limited is headquartered at E-1, First Floor, Iiird Phase Thiru Vi Ka Industrial Estate, Guindy, Chennai, Tamil Nadu, 600032.

When was Merit Technologies (India) Limited incorporated?

Merit Technologies (India) Limited was incorporated on 07 April 1999.

Who are the current directors of Merit Technologies (India) Limited?

The current directors of Merit Technologies (India) Limited are

What is the primary industry of Merit Technologies (India) Limited?

The primary industry of Merit Technologies (India) Limited is Manufacturing.

Is Merit Technologies (India) Limited a listed company?

Merit Technologies (India) Limited is unlisted.

What is the capital structure of Merit Technologies (India) Limited?

The authorized capital of Merit Technologies (India) Limited is ₹5.00 Cr, and the paid-up capital is ₹3.60 Cr.

What is the compliance status of Merit Technologies (India) Limited?

The compliance status of Merit Technologies (India) Limited is Compliant.

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