MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-02-0035714
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Merit Technologies (India) Limited - machinery and equipment in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹108.69 Cr
▲ 2% YoY
Net profit · FY 2024
₹7.55 Cr
Net margin 7%
EBITDA · FY 2024
₹11.32 Cr
EBITDA margin 10.4%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3.6 Cr
Issued & subscribed
Open charges
₹35.98 Cr
Satisfied ₹18.72 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
94
Provident fund records
About Merit Technologies (India) Limited
Data last updated:
Merit Technologies (India) Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 07 April 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U31200TN1999PLC042230. Its GSTIN is 33AABCM9806E1ZO (Tamil Nadu). The company holds 11 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.6 Cr. It is led by directors including Gopalakrishnan Ramadurai and Mathuru Narendra Reddy.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at E – 1 First Floor Iiird Phase Thiru VI Ka Industrial Estate Guindy, Chennai, Tamil Nadu, India – 600032.
As per the financials filed for FY 2024, the company reported a revenue of ₹108.69 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹7.55 Cr (net margin 7%) and EBITDA of ₹11.32 Cr (EBITDA margin 10.4%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 16% over five years.
The company has about 94 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹35.98 Cr and satisfied charges of ₹18.72 Cr on record. Court records list 16 cases involving the company, including 12 filed by the company and 4 filed against it; 2 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹3.5 Cr; the latest was in March 2019. Its 3 peer companies in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 1 larger and 2 smaller; the largest is K2 Cranes & Components Private Limited with revenue of ₹110.66 Cr.
Merit Technologies (India) Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0035714). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website meritbulkhandling.com.
Company details
CIN U31200TN1999PLC042230
Registration Number 042230
Incorporation Date 07 April 1999
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-02-0035714
Key People
Gopalakrishnan Ramadurai Director Mathuru Narendra Reddy Director Thangappan Titus Rajakumar Director Recognitions & Rankings of Merit Technologies (India)
Contact details
Merit Technologies (India) Limited's registered office is in Chennai, Tamil Nadu. Its website is meritbulkhandling.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressE – 1 First Floor Iiird Phase Thiru VI Ka Industrial Estate Guindy, Chennai, Tamil Nadu, India – 600032
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Merit Technologies (India) Limited, buy the company report.
Comprehensive company report
Merit Technologies (India) 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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Business activity
The main business activity of Merit Technologies (India) is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Merit Technologies (India) Limited, buy the company report.
Financials of Merit Technologies (India) Limited
FY 2024 filings availableMerit Technologies (India) Limited reported revenue of ₹108.69 Cr (up 2% YoY) for FY 2024.
Revenue · FY 2024
₹108.69 Cr ▲ 2%
Net profit · FY 2024
₹7.55 Cr margin 7%
EBITDA · FY 2024
₹11.32 Cr margin 10.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 20%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 11%
5 years · compounded
▲ 11%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 2% growth in the latest year. EBITDA fell 11% 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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| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹11.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.55 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.4% | ||||
| Net Profit Margin | 7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Merit Technologies (India) Limited, buy the company report.
Board of directors of Merit Technologies (India) Limited
Merit Technologies (India) has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gopalakrishnan Ramadurai Also directs: Merit BMH Engineering Private Limited | Director | 07 Apr 1999 | 27 Years 6 Months | Current |
| Mathuru Narendra Reddy | Director | 07 Apr 1999 | 27 Years 6 Months | Current |
| Thangappan Titus Rajakumar | Director | 07 Apr 1999 | 27 Years 6 Months | Current |
Peer comparison
Merit Technologies (India) Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| K2 Cranes & Components Private Limited | ₹110.66 Cr (FY 2024) | 39.0% | Chennai, Tamil Nadu, India | |||
| Merit Technologies (India) Limitedthis company | ₹108.69 Cr (FY 2024) | ₹7.55 Cr | 7% | 2.0% | 94 | Chennai, Tamil Nadu, India |
| Haarish Equipments Private Limited | ₹103.45 Cr (FY 2025) | 4.0% | Indore, Madhya Pradesh, India | |||
| Asian Cranes Private Limited | ₹101.94 Cr (FY 2025) | -4.0% | Punab, Punjab, India |
To see the full peer comparison of Merit Technologies (India) Limited, buy the company report.
Auditor
Merit Technologies (India) Limited is audited by RAVI & RAGU for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAVI & RAGU | FY 2023 | 005060S |
Shareholding
The shareholding of Merit Technologies (India) Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | 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 Technologies (India) Limited, buy the company report.
Charges & borrowings
Open charges
₹35.98 Cr
Satisfied charges
₹18.72 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Feb 2023 | 100700315 | Axis Bank Limited | ₹50 Lakh | Open | |
| 17 Dec 2020 | 100416931 | Axis Bank Limited | ₹30 Lakh | Open | |
| 26 Nov 2018 | 100224373 | Axis Bank Limited | ₹35.18 Cr | Open | |
| 09 Mar 2023 | 100698726 | Axis Bank Limited | ₹5 Cr | Satisfied | |
| 18 Sep 2020 | 100381404 | Others | ₹26.5 Lakh | Satisfied |
To see the full charge records of Merit Technologies (India) Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Merit Technologies (India) Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹3.5 Cr; the latest was in March 2019.
Total deals
3
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹3.5 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2010 | Funding round | ₹3.15 Cr | Investors: 4 individuals |
| Apr 2004 | Funding round | ₹35 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Merit Technologies (India) Limited has 16 court cases on record: 12 filed by Merit Technologies (India), 4 filed against it. 2 cases are pending and 14 are disposed.
Total cases
16
Filed by the company
12
Filed against the company
4
Pending
2
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 4 | 2 |
| High courts | 8 | 0 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Writ petition | Filed by the company against Northern Coalfields Limited and 3 others | Disposed |
| District court, Khammam, Telangana | Criminal case | Filed against the company by an individual | Pending |
| District court, Bhadradri Kothagudem, Telangana | Criminal case | Filed against the company by an individual | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against The State Tax Officer | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The State Tax Officer | Disposed |
To see the full case history of Merit Technologies (India) 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 Technologies (India) Limited was last rated by Icra on 25 Nov 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 25 Nov 2022 |
To see the full credit ratings and regulatory alerts of Merit Technologies (India) Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Merit Technologies (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Merit Technologies (India) Limited has a workforce of 94 employees on its EPFO records as of Sep 26, 2025, across 1 active EPFO establishment.
Employee count
94
Active EPFO establishments
1
Employee growth
-43.37%
GST
Merit Technologies (India) has 11 GST registrations: 5 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
11
Active
5
Cancelled / inactive
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCM9806E1ZO | Tamil Nadu | Active | 01 Jul 2017 |
| 36AABCM9806E1ZI | Telangana | Active | 01 Jul 2017 |
| 22AABCM9806E2ZQ | Chattisgarh | Active | 03 Nov 2020 |
| 21AABCM9806E3ZR | Odisha | Active | 22 Feb 2022 |
To see the full GST registrations and return filing status of Merit Technologies (India) Limited, buy the company report.
Recent activity
Merit Technologies (India) Limited has 3 board changes on record since 1999: 3 appointments. The latest: Gopalakrishnan Ramadurai was appointed as Director on 07 Apr 1999.
Charges
A charge registered on 18 Sep 2020 via Charge ID 100381404 with Others was fully satisfied on 05 Dec 2024.
Charges
A charge registered on 23 Jul 2018 via Charge ID 100191912 with Others was fully satisfied on 05 Dec 2024.
AGM
Merit Technologies (India) Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Merit Technologies (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
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.
Charges
A charge registered on 09 Mar 2023 via Charge ID 100698726 with Axis Bank Limited was fully satisfied on 26 Jul 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 5.00 Cr with Charge ID 100698726 was registered on 09 Mar 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.50 Cr with Charge ID 100700315 was registered on 01 Feb 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.30 Cr with Charge ID 100416931 was registered on 17 Dec 2020.
Charges
A charge with Others amounted to Rs. 0.27 Cr with Charge ID 100381404 was registered on 18 Sep 2020.
Charges
A charge registered on 06 Mar 2017 via Charge ID 100093793 with Axis Bank Limited was fully satisfied on 02 Jul 2019.
Charges
A charge registered on 29 Sep 2004 via Charge ID 80018260 with Dena Bank was fully satisfied on 24 Jun 2019.
15 earlier events are in the company report.
Frequently asked questions
Merit Technologies (India) is an active public limited company based in Chennai, Tamil Nadu, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 07 April 1999 (27+ years old) and is registered under CIN U31200TN1999PLC042230.
Merit Technologies (India) has 3 current directors:
- Gopalakrishnan Ramadurai - Director
- Mathuru Narendra Reddy - Director
- Thangappan Titus Rajakumar - Director
The latest financial statements of Merit Technologies (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Merit Technologies (India) is 33AABCM9806E1ZO, registered in Tamil Nadu. The company has 11 GST registrations in all, of which 5 are active and 6 are cancelled or inactive. Other active GSTINs include 36AABCM9806E1ZI (Telangana), 22AABCM9806E2ZQ (Chattisgarh), 21AABCM9806E3ZR (Odisha).
The CIN (Corporate Identification Number) of Merit Technologies (India) is U31200TN1999PLC042230. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merit Technologies (India) has 16 court cases on record: 12 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.
Merit Technologies (India) was incorporated on 07 April 1999, making it 27+ years old. It is registered with the Registrar of Companies, Chennai.
Merit Technologies (India) has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹3.5 Cr; the latest was in March 2019.
The peers of Merit Technologies (India) by revenue are K2 Cranes & Components Private Limited, Haarish Equipments Private Limited, Asian Cranes Private Limited, all in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Gopalakrishnan Ramadurai was appointed as Director on 07 Apr 1999. Mathuru Narendra Reddy was appointed as Director on 07 Apr 1999. Thangappan Titus Rajakumar was appointed as Director on 07 Apr 1999.
Yes, Merit Technologies (India) is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-02-0035714).