MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-WB-18-0003475
Merlin Leisures Limited - travel and hospitality in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹20.45 Cr
▼ 9% YoY
Net profit · FY 2025
₹1.65 Cr
Net margin 8.1%
EBITDA · FY 2025
₹4.57 Cr
EBITDA margin 22.3%
Authorised capital
₹9.55 Cr
Registered with MCA
Paid-up capital
₹9.55 Cr
Issued & subscribed
Open charges
₹32.8 Cr
Satisfied ₹128 Cr
Company age
35 yrs
Est. 1991
Employees · EPFO
168
Provident fund records
About Merlin Leisures Limited
Data last updated:
Merlin Leisures Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the restaurants and dining services segment of the travel and hospitality sector. It was incorporated on 01 February 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U45202WB1991PLC050808. Its GSTIN is 19AAACI5256P1Z0 (West Bengal).
The company has an authorised share capital of ₹9.55 Cr and a paid-up capital of ₹9.55 Cr. It was formerly known as Irrefutable Finance & Leasing Private Limited and Merlin Leisures Private Limited. It is led by directors including Harsh Bihani and Vikash Mimani.
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 Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.45 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹1.65 Cr (net margin 8.1%) and EBITDA of ₹4.57 Cr (EBITDA margin 22.3%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 5% over five years.
The company has about 168 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹32.8 Cr and satisfied charges of ₹128 Cr on record. Court records list 9 cases involving the company, including 9 filed by the company; 9 cases are pending.
Merlin Leisures Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-18-0003475). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website merlinprojects.com.
Company details
CIN U45202WB1991PLC050808
Registration Number 050808
Incorporation Date 01 February 1991
ROC Kolkata
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-WB-18-0003475
Name history
Merlin Leisures has undergone 2 name changes throughout its history. The company was previously known as Irrefutable Finance & Leasing Private Limited, and Merlin Leisures Private Limited. The current legal name is Merlin Leisures Limited.
| Company Name | Status |
|---|---|
| Merlin Leisures Limited | Current |
| Irrefutable Finance & Leasing Private Limited | Previous |
| Merlin Leisures Private Limited | Previous |
CIN history
Merlin Leisures has one previous CIN (Corporate Identification Number): U45202WB1991PTC050808. The current CIN is U45202WB1991PLC050808, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45202WB1991PLC050808 | Current |
| U45202WB1991PTC050808 | Previous |
Recognitions & Rankings of Merlin Leisures
Contact details
Merlin Leisures Limited's registered office is in Kolkata, West Bengal. Its website is merlinprojects.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMerlin Greens Mouza Kriparampore Diamond Harbour Road P.S.Bishnupur Sou, Th 24 Pgs, Kolkata, West Bengal, India – 743503
- IndustryTravel and Hospitality, Restaurants & Dining Services
To see the full contact details of Merlin Leisures Limited, buy the company report.
Comprehensive company report
Merlin Leisures 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 Merlin Leisures is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Merlin Leisures Limited, buy the company report.
Financials of Merlin Leisures Limited
FY 2025 filings availableMerlin Leisures Limited reported revenue of ₹20.45 Cr (down 9% YoY) for FY 2025.
Revenue · FY 2025
₹20.45 Cr ▼ 9%
Net profit · FY 2025
₹1.65 Cr margin 8.1%
EBITDA · FY 2025
₹4.57 Cr margin 22.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 14%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 22%
3 years · compounded
▲ 6%
5 years · compounded
▼ 2%
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 22% 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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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹4.57 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.65 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Receivables | |||||
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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 | 22.3% | ||||
| Net Profit Margin | 8.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Merlin Leisures Limited, buy the company report.
Board of directors of Merlin Leisures Limited
Merlin Leisures has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harsh Bihani Also directs: Avior Merlin Buildcon LLP, Merlin Palm Avenue Infra LLP, New Alipore Trexim Pvt Ltd and 5 more | Director | 30 Sep 2014 | 12 Years 1 Months | Current |
| Vikash Mimani | Director | 21 Apr 2017 | 9 Years 6 Months | Current |
| Subhadip Basu Also directs: South 24 Paraganas (Bishnupur) Social Initiatives Association, B V Commercial Pvt Ltd, MPL Agencies Pvt Ltd and 2 more | Additional Director | 01 Aug 2025 | 1 Years 3 Months | Current |
Peer comparison
Merlin Leisures Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sri Tirumala Housing Private Limited | ₹20.48 Cr (FY 2025) | -12.0% | Telangana, India | |||
| Paripoorna Shelters Private Limited | ₹20.46 Cr (FY 2024) | 32.0% | Coimbatore, Tamil Nadu, India | |||
| Merlin Leisures Limitedthis company | ₹20.45 Cr (FY 2025) | ₹1.65 Cr | 8.1% | -9.0% | 168 | Kolkata, West Bengal, India |
| Ashwamedh Spaces Private Limited | ₹20.44 Cr (FY 2025) | 57.0% | Pune, Maharashtra, India |
To see the full peer comparison of Merlin Leisures Limited, buy the company report.
Auditor
Merlin Leisures Limited is audited by B. JAIN & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. JAIN & CO. | FY 2022 | 307100E |
Shareholding
The shareholding of Merlin Leisures Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Merlin Leisures Limited, buy the company report.
Charges & borrowings
Open charges
₹32.8 Cr
Satisfied charges
₹128 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Sep 2023 | 100788760 | Axis Bank Limited | ₹32.8 Cr | Open | |
| 29 Jan 2013 | 10405052 | Axis Bank Limited | ₹9.7 Cr | Satisfied | |
| 21 Jul 2012 | 10370361 | State Bank of India | ₹20.45 Cr | Satisfied | |
| 15 May 2008 | 10108326 | The Federal Bank Ltd. | ₹5 Lakh | Satisfied | |
| 15 Dec 2007 | 10087479 | State Bank of India | ₹97.8 Cr | Satisfied |
To see the full charge records of Merlin Leisures Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Merlin Leisures Limited has 9 court cases on record: 9 filed by Merlin Leisures. All cases are pending.
Total cases
9
Filed by the company
9
Pending
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 0 | 9 |
Cases on record (3 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, West Bengal | Writ petition | Filed by the company against Joint Commissioner of Income Tax Central Circle Central Range 2 Kol and Ors | Pending |
| High Court, West Bengal | Writ petition | Filed by the company against Joint Commissioner of Income Tax Central Circle Central Range 2 Kolkata and Ors | Pending |
| Calcutta High Court | Writ petition | Filed by the company against Joint Commissioner of Income Tax Central Circle Central Range 2 Kol and Ors | Pending |
To see the full case history of Merlin Leisures 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 Merlin Leisures Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Merlin Leisures Limited has a workforce of 168 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
Employee count
168
Active EPFO establishments
1
Employee growth
13.51%
GST
Merlin Leisures has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACI5256P1Z0 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Merlin Leisures Limited, buy the company report.
Recent activity
Merlin Leisures Limited has 9 board changes on record since 2011: 3 appointments and 6 cessations. The latest: Saket Mohta ceased to be Director on 01 Aug 2025.
AGM
Merlin Leisures Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Saket Mohta ceased to be Director.
Appointed
Subhadip Basu was appointed as Additional Director.
Filing
Merlin Leisures Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata.
Charges
A charge with Axis Bank Limited amounted to Rs. 32.80 Cr with Charge ID 100788760 was registered on 18 Sep 2023.
Charges
A charge registered on 21 Jul 2012 via Charge ID 10370361 with State Bank Of India was fully satisfied on 01 Oct 2020.
Charges
A charge registered on 29 Jan 2013 via Charge ID 10405052 with Axis Bank Limited was fully satisfied on 24 Jul 2019.
Ceased
Sushil Kumar Mohta ceased to be Director.
Appointed
Vikash Mimani was appointed as Director.
Ceased
Bhairav Sanghvi ceased to be Director.
Ceased
Shahzad Ahmed ceased to be Director.
Appointed
Harsh Bihani was appointed as Director.
11 earlier events are in the company report.
News
Frequently asked questions
Merlin Leisures is an active public limited company based in Kolkata, West Bengal, India. The company works in restaurants and dining services, within the travel and hospitality industry. It was incorporated on 01 February 1991 (35+ years old) and is registered under CIN U45202WB1991PLC050808.
Merlin Leisures has 3 current directors:
- Harsh Bihani - Director
- Vikash Mimani - Director
- Subhadip Basu - Additional Director
The latest financial statements of Merlin Leisures 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 Merlin Leisures is 19AAACI5256P1Z0, registered in West Bengal.
The CIN (Corporate Identification Number) of Merlin Leisures is U45202WB1991PLC050808. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merlin Leisures has 9 court cases on record: 9 filed by the company. 9 are pending.
Merlin Leisures was incorporated on 01 February 1991, making it 35+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Merlin Leisures by revenue are Sri Tirumala Housing Private Limited, Paripoorna Shelters Private Limited, Ashwamedh Spaces Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Saket Mohta ceased to be Director on 01 Aug 2025. Subhadip Basu was appointed as Additional Director on 01 Aug 2025. Sushil Kumar Mohta ceased to be Director on 21 Apr 2017. Merlin Leisures has 9 board changes on record in total.
Yes, Merlin Leisures is registered as a small enterprise under Udyam registration (number: UDYAM-WB-18-0003475).
Merlin Leisures can be reached through the website merlinprojects.com. Its registered office is in Kolkata, West Bengal, India.
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