Merits Comtrade Private Limited
About Merits Comtrade Private Limited
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Merits Comtrade Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 20 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2010PTC202988. Its GSTIN is 07AAGCM5315D1ZS (Delhi).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹9 Lakh. It was formerly known as Merits Comex Private Limited. It is led by directors Dilmeet Singh Banga and Gagandeep Singh Banga.
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 65 Old Rajinder Nagar Market, New Delhi, Delhi, India – 110060.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.43 Lakh, a growth of 94% compared to the previous year. For the same year it recorded a net profit of ₹8 Lakh (net margin 35.7%) and EBITDA of ₹10.88 Lakh (EBITDA margin 48.5%). Revenue has grown at a compounded annual rate (CAGR) of 585% over three years and 32% over five years.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Merits Comtrade Private Limited's registered office is in New Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered Address65 Old Rajinder Nagar Market, New Delhi, Delhi, India – 110060
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Merits Comtrade 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 Merits Comtrade 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 Merits Comtrade Private Limited, buy the company report.
Financials of Merits Comtrade Private Limited
FY 2025 filings availableMerits Comtrade Private Limited reported revenue of ₹22.43 Lakh (up 94% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 94% growth in the latest year. EBITDA rose 245% 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 | ₹10.88 Lakh | ||||
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| Net Profit (PAT) | ₹8 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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| Profitability | |||||
| EBITDA Margin | 48.5% | ||||
| Net Profit Margin | 35.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Merits Comtrade Private Limited, buy the company report.
Board of directors of Merits Comtrade Private Limited
Merits Comtrade has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilmeet Singh Banga | Director | 20 May 2010 | 16 Years 5 Months | Current |
| Gagandeep Singh Banga | Director | 20 May 2010 | 16 Years 5 Months | Current |
Peer comparison
Merits Comtrade Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial Services), 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 |
|---|---|---|---|---|---|---|
| Merits Comtrade Private Limitedthis company | ₹22.43 Lakh (FY 2024) | ₹8 Lakh | 35.7% | 94.0% | New Delhi, Delhi, India | |
| Volley Creditor Nidhi Limited | ₹22.38 Lakh (FY 2021) | -19.0% | Patna, Bihar, India | |||
| Flagship Financials Limited | ₹22.36 Lakh (FY 2020) | 18.0% | Bangalore, Karnataka, India | |||
| Eterna Steel & Investments Pvt Ltd | ₹22.35 Lakh (FY 2018) | -62.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Merits Comtrade Private Limited, buy the company report.
Auditor
Merits Comtrade Private Limited is audited by SANDEEP KALRA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANDEEP KALRA & CO | FY 2021 | 010017N |
Shareholding
The shareholding of Merits Comtrade Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Merits Comtrade Private Limited, buy the company report.
Legal cases
Merits Comtrade Private Limited has 2 court cases on record: 1 filed by Merits Comtrade, 1 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Collector of Stamp (HQ) | Pending |
| District court, New Delhi, Delhi | Arbitration matter | Filed against the company by an individual | Disposed |
To see the full case history of Merits Comtrade Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Merits Comtrade Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Merits Comtrade has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAGCM5315D1ZS | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Merits Comtrade Private Limited, buy the company report.
Recent activity
Merits Comtrade Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Dilmeet Singh Banga was appointed as Director on 20 May 2010.
Frequently asked questions
Merits Comtrade is an active private limited company based in New Delhi, Delhi, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 20 May 2010 (16+ years old) and is registered under CIN U74999DL2010PTC202988.
Merits Comtrade has 2 current directors:
- Dilmeet Singh Banga - Director
- Gagandeep Singh Banga - Director
The latest financial statements of Merits Comtrade 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 Merits Comtrade is 07AAGCM5315D1ZS, registered in Delhi.
The CIN (Corporate Identification Number) of Merits Comtrade is U74999DL2010PTC202988. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merits Comtrade has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Merits Comtrade was incorporated on 20 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Merits Comtrade by revenue are Volley Creditor Nidhi Limited, Flagship Financials Limited, Eterna Steel & Investments Pvt Ltd, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Dilmeet Singh Banga was appointed as Director on 20 May 2010. Gagandeep Singh Banga was appointed as Director on 20 May 2010.
The registered office of Merits Comtrade is at 65 Old Rajinder Nagar Market, New Delhi, Delhi, India – 110060.
Merits Comtrade operates in the financial services industry, in the diversified financial services segment.