About Mermaid Digital Private Limited
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Mermaid Digital Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the commercial printing services segment of the media and publishing sector. It was incorporated on 12 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U22300KA2017PTC102210. Its GSTIN is 29AAKCM9927F1ZW (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Varun Avandoor Nellithala (Managing Director) and Preeth Poolakoovan.
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 Bbmp Khata No. 269/270/271/274/275 Out Of Vp Khath No.1150 Sy.No.37/1 Singasandra Gramatha, Bangalore, Karnataka, India – 560068.
As per the financials filed for FY 2024, the company reported a revenue of ₹14.73 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹99.21 Lakh (net margin 6.7%) and EBITDA of ₹1.5 Cr (EBITDA margin 10.2%). Revenue has grown at a compounded annual rate (CAGR) of 94% over three years and 12% over five years.
The company has about 55 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mermaid India. As per MCA filings, the company has satisfied charges of ₹92.52 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mermaiddigital.com.
Company details
Contact details
Mermaid Digital Private Limited's registered office is in Bangalore, Karnataka. Its website is mermaiddigital.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBbmp Khata No. 269/270/271/274/275 Out Of Vp Khath No.1150 Sy.No.37/1 Singasandra Gramatha, Bangalore, Karnataka, India – 560068
- IndustryMedia and Publishing, Commercial Printing Services
To see the full contact details of Mermaid Digital 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
Brands
Mermaid Digital operates one associated brand: Mermaid India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Digital fabric printing and custom displays are provided by the company in India. | mermaidindia.com |
Business activity
The main business activity of Mermaid Digital is manufacturing. In detail, this covers printing, reproduction of recorded media.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C4 | Printing, reproduction of recorded media |
To see the full business activity and turnover split of Mermaid Digital Private Limited, buy the company report.
Financials of Mermaid Digital Private Limited
FY 2024 filings availableMermaid Digital Private Limited reported revenue of ₹14.73 Cr (up 43% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 43% growth in the latest year. EBITDA fell 17% 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 | ₹1.5 Cr | ||||
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| Net Profit (PAT) | ₹99.21 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 | 10.2% | ||||
| Net Profit Margin | 6.7% | ||||
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To see the full financial statements and ratios of Mermaid Digital Private Limited, buy the company report.
Board of directors of Mermaid Digital Private Limited
Mermaid Digital has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Preeth Poolakoovan Also directs: Bellmare Midtown Ventures LLP, Grand Bellmare Builders LLP, Gioflix Future Entertainment and Technologies LLP and 2 more | Director | 01 Aug 2023 | 3 Years 2 Months | Current |
| Rainaraj Kolakkada Panakkada Also directs: Kairali Solar Solutions Private Limited | Director | 17 Apr 2023 | 3 Years 6 Months | Current |
| Varun Avandoor Nellithala | Managing Director | 30 Sep 2023 | 3 Years 0 Months | Current |
Peer comparison
Mermaid Digital Private Limited is compared with the 3 companies closest to it by revenue in the Media and Publishing industry (Commercial Printing), with the same principal business activity (printing, reproduction of recorded media), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pentaplus Printers Private Limited | ₹14.75 Cr (FY 2025) | -40.0% | Bangalore, Karnataka, India | |||
| Mermaid Digital Private Limitedthis company | ₹14.73 Cr (FY 2024) | ₹99.21 Lakh | 6.7% | 43.0% | 55 | Bangalore, Karnataka, India |
| S P Communications Private Limited | ₹14.69 Cr (FY 2024) | 22.0% | Kolkata, West Bengal, India | |||
| Avbs Digital Solutions Private Limited | ₹14.62 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India |
To see the full peer comparison of Mermaid Digital Private Limited, buy the company report.
Auditor
Mermaid Digital Private Limited is audited by VARMA AND VARMA for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VARMA AND VARMA | FY 2022 | 004532S |
Shareholding
The shareholding of Mermaid Digital Private 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) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Mermaid Digital Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2018 | 100162873 | Others | ₹92.52 Lakh | Satisfied |
To see the full charge records of Mermaid Digital Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Mermaid Digital Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Reliance Commercial Finance Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Reliance Commercial Finance Limited | Disposed |
To see the full case history of Mermaid Digital 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 Mermaid Digital Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mermaid Digital Private Limited has a workforce of 55 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Mermaid Digital has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCM9927F1ZW | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mermaid Digital Private Limited, buy the company report.
Recent activity
Mermaid Digital Private Limited has 10 board changes on record since 2020: 3 appointments and 7 cessations. The latest: Varun Avandoor Nellithala was appointed as Managing Director on 30 Sep 2023.
3 earlier events are in the company report.
Frequently asked questions
Mermaid Digital is an active private limited company based in Bangalore, Karnataka, India. The company works in commercial printing services, within the media and publishing industry. It was incorporated on 12 April 2017 (9+ years old) and is registered under CIN U22300KA2017PTC102210.
Mermaid Digital has 3 current directors:
- Varun Avandoor Nellithala - Managing Director
- Preeth Poolakoovan - Director
- Rainaraj Kolakkada Panakkada - Director
The latest financial statements of Mermaid Digital 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 FY 2018 are in the company report.
The GSTIN of Mermaid Digital is 29AAKCM9927F1ZW, registered in Karnataka.
The CIN (Corporate Identification Number) of Mermaid Digital is U22300KA2017PTC102210. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mermaid Digital has 2 court cases on record: 2 filed against it. 1 is pending.
Mermaid Digital was incorporated on 12 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mermaid Digital by revenue are Pentaplus Printers Private Limited, S P Communications Private Limited, Avbs Digital Solutions Private Limited, all in the Media and Publishing industry (Commercial Printing), with the same principal business activity (printing, reproduction of recorded media).
Varun Avandoor Nellithala was appointed as Managing Director on 30 Sep 2023. Preeth Poolakoovan ceased to be Additional Director on 29 Sep 2023. Rainaraj Kolakkada Panakkada ceased to be Additional Director on 29 Sep 2023. Mermaid Digital has 10 board changes on record in total.
Mermaid Digital can be reached through the website mermaiddigital.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Mermaid Digital is at Bbmp Khata No. 269270271274275 Out Of Vp Khath No.1150 Sy.No.371 Singasandra Gramatha, Bangalore, Karnataka, India – 560068.