Merrill Financials Ltd
About Merrill Financials Ltd
Data last updated:
Merrill Financials Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 28 April 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U72200WB1988PLC044271. Its GSTIN is 19AADCM4500B1Z1 (West Bengal).
The company has an authorised share capital of ₹5.3 Cr and a paid-up capital of ₹2.05 Cr. It is led by directors including Karuna Dhandhania and Prabhat Kumar Dhandhania.
Its last annual general meeting (AGM) was held on 27 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Shreeram Centre3 British India Street Unit B, Kolkata, West Bengal, India – 700069.
As per the financials filed for FY 2025, the company reported a revenue of ₹19,496, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹6,836 (net margin -35.1%) and EBITDA of -₹6,836 (EBITDA margin -35.1%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 47% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Merrill Financials Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShreeram Centre3 British India Street Unit B, Kolkata, West Bengal, India – 700069
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Merrill Financials Ltd, 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 Merrill Financials 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 |
Financials of Merrill Financials Ltd
FY 2025 filings availableMerrill Financials Ltd reported revenue of ₹19,496 (down 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 47% over five years, including a 33% fall in the latest year. EBITDA fell 28% 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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| EBITDA | -₹6,836 | ||||
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| Net Profit (PAT) | -₹6,836 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -35.1% | ||||
| Net Profit Margin | -35.1% | ||||
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To see the full financial statements and ratios of Merrill Financials Ltd, buy the company report.
Board of directors of Merrill Financials Ltd
Merrill Financials has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karuna Dhandhania | Director | 28 Apr 1988 | 38 Years 5 Months | Current |
| Prabhat Kumar Dhandhania Also directs: Merrill Properties LLP, Sun Fund Management Ltd, Grow 'N' Grow Investments & Holdings Pvt Ltd and 4 more | Director | 28 Apr 1988 | 38 Years 5 Months | Current |
| Pranay Dhandhania Also directs: Sanchore Realty Private Limited | Director | 21 Oct 2025 | 1 Years 0 Months | Current |
Auditor
Merrill Financials Ltd is audited by Pankaj Parakh & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pankaj Parakh & Co. | FY 2022 | 302250 |
Shareholding
The shareholding of Merrill Financials Ltd 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 Merrill Financials Ltd, buy the company report.
Legal cases
No court or tribunal cases involving Merrill Financials Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Merrill Financials Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Merrill Financials has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCM4500B1Z1 | West Bengal | Active | 20 Apr 2026 |
To see the full GST registrations and return filing status of Merrill Financials Ltd, buy the company report.
Recent activity
Merrill Financials Ltd has 4 board changes on record since 1988: 3 appointments and 1 cessation. The latest: Prakash Dhandhania Chandra ceased to be Director on 21 Oct 2025.
Frequently asked questions
Merrill Financials is an active public limited company based in Kolkata, West Bengal, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 28 April 1988 (38+ years old) and is registered under CIN U72200WB1988PLC044271.
Merrill Financials has 3 current directors:
- Karuna Dhandhania - Director
- Prabhat Kumar Dhandhania - Director
- Pranay Dhandhania - Director
The latest financial statements of Merrill Financials on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Merrill Financials is 19AADCM4500B1Z1, registered in West Bengal.
The CIN (Corporate Identification Number) of Merrill Financials is U72200WB1988PLC044271. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merrill Financials was incorporated on 28 April 1988, making it 38+ years old. It is registered with the Registrar of Companies, Kolkata.
Prakash Dhandhania Chandra ceased to be Director on 21 Oct 2025. Pranay Dhandhania was appointed as Director on 21 Oct 2025. Karuna Dhandhania was appointed as Director on 28 Apr 1988. Merrill Financials has 4 board changes on record in total.
The registered office of Merrill Financials is at Shreeram Centre3 British India Street Unit B, Kolkata, West Bengal, India – 700069.
Merrill Financials operates in the financial services industry, in the diversified financial services segment.
The compliance status of Merrill Financials is compliant as of 23 September 2026. The company is actively filing with the Registrar of Companies.