Merulands Insurance Services Private Limited
About Merulands Insurance Services Private Limited
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Merulands Insurance Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the life insurance. non life insurance segment of the insurance sector. It was incorporated on 17 September 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24232MH2002PTC164340. Its GSTIN is 27AADCM6508M1Z5 (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹34.96 Lakh. It is led by directors Govind Khandelwal and Hari Narayan Khandelwal.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹94.24 Lakh, a decline of 95% compared to the previous year. For the same year it recorded a net profit of ₹4.99 Lakh (net margin 5.3%) and EBITDA of ₹42.98 Lakh (EBITDA margin 45.6%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 2% over five years.
Court records list 4 cases involving the company, including 4 filed by the company; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Merulands Insurance Services has one previous CIN (Corporate Identification Number): U24232RJ2002PTC017818. The current CIN is U24232MH2002PTC164340, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24232MH2002PTC164340 | Current |
| U24232RJ2002PTC017818 | Previous |
Contact details
Merulands Insurance Services Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address303 The Chamber Near Swan City Club Off. Hanuman Mandir W.E.Highway Vile Pa, Rle (E), Mumbai, Maharashtra, India – 400057
- IndustryInsurance, Life Insurance. Non Life Insurance
To see the full contact details of Merulands Insurance Services 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 Merulands Insurance Services is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding |
To see the full business activity and turnover split of Merulands Insurance Services Private Limited, buy the company report.
Financials of Merulands Insurance Services Private Limited
FY 2025 filings availableMerulands Insurance Services Private Limited reported revenue of ₹94.24 Lakh (down 95% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 95% fall in the latest year. EBITDA fell 83% 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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| Total Expenses | |||||
| EBITDA | ₹42.98 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.99 Lakh | ||||
| Balance Sheet | |||||
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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 | 45.6% | ||||
| Net Profit Margin | 5.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Merulands Insurance Services Private Limited, buy the company report.
Board of directors of Merulands Insurance Services Private Limited
Merulands Insurance Services has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Govind Khandelwal | Director | 05 Oct 2015 | 11 Years 1 Months | Current |
| Hari Narayan Khandelwal Also directs: Dream Vision Realestate Private Limited, Pearl Prime Realestate Private Limited, Argh Multitrade Private Limited and 1 more | Director | 18 Jul 2006 | 20 Years 3 Months | Current |
Peer comparison
Merulands Insurance Services Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (financial service activities, except insurance and pension funding), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Impressions Portfolio Private Limited | ₹97.44 Lakh (FY 2023) | 165.0% | Delhi, India | |||
| Infinity Finvest Solutions Private Limited | ₹97.21 Lakh (FY 2024) | 125.0% | Mumbai, Maharashtra, India | |||
| Vitro Suppliers Pvt Ltd | ₹96.72 Lakh (FY 2025) | -43.0% | Kolkata, West Bengal, India | |||
| Anukul Investments Ltd | ₹95.99 Lakh (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Vittapeta Nidhi Limited | ₹95.53 Lakh (FY 2025) | -17.0% | Karad, Maharashtra, India | |||
| Merulands Insurance Services Private Limitedthis company | ₹94.24 Lakh (FY 2025) | ₹4.99 Lakh | 5.3% | -95.0% | Mumbai, Maharashtra, India | |
| Fin Ghar Sales and Service Private Limited | ₹93.72 Lakh (FY 2025) | 3.0% | Bangalore, Karnataka, India | |||
| Jineshvar Securities Private Limited | ₹93.37 Lakh (FY 2021) | -34.0% | Mumbai, Maharashtra, India | |||
| E Com Internet (India) Private Limited | ₹93.32 Lakh (FY 2025) | -30.0% | Mumbai, Maharashtra, India | |||
| Mangalmurty Management Consultancy Private Limited | ₹91.97 Lakh (FY 2024) | 43.0% | Kolkata, West Bengal, India | |||
| Windrose Capital Private Limited | ₹91.52 Lakh (FY 2025) | 89.0% | Pune, Maharashtra, India |
To see the full peer comparison of Merulands Insurance Services Private Limited, buy the company report.
Auditor
Merulands Insurance Services Private Limited is audited by B.K.G. & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.K.G. & ASSOCIATES | FY 2017 | 114852W |
Shareholding
The shareholding of Merulands Insurance Services Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Merulands Insurance Services Private Limited, buy the company report.
Legal cases
Merulands Insurance Services Private Limited has 4 court cases on record: 4 filed by Merulands Insurance Services. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed by the company against Assistant Commissioner of Income Tax | Pending |
| High Court | Writ petition | Filed by the company against Assistant Commissioner of Income Tax | Pending |
| High Court | Writ petition | Filed by the company against Assistant Commissioner of Income Tax | Disposed |
| High Court | Interim or miscellaneous application | Filed by the company against Assistant Commissioner of Income Tax | Disposed |
To see the full case history of Merulands Insurance Services 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 Merulands Insurance Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Merulands Insurance Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM6508M1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Merulands Insurance Services Private Limited, buy the company report.
Recent activity
Merulands Insurance Services Private Limited has 6 board changes on record since 2006: 2 appointments and 4 cessations. The latest: Govind Khandelwal ceased to be Additional Director on 30 Sep 2016.
Frequently asked questions
Merulands Insurance Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in life insurance. non life insurance, within the insurance industry. It was incorporated on 17 September 2002 (24+ years old) and is registered under CIN U24232MH2002PTC164340.
Merulands Insurance Services has 2 current directors:
- Govind Khandelwal - Director
- Hari Narayan Khandelwal - Director
The latest financial statements of Merulands Insurance Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Merulands Insurance Services is 27AADCM6508M1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Merulands Insurance Services is U24232MH2002PTC164340. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merulands Insurance Services has 4 court cases on record: 4 filed by the company. 2 are pending.
Merulands Insurance Services was incorporated on 17 September 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Merulands Insurance Services by revenue are Impressions Portfolio Private Limited, Infinity Finvest Solutions Private Limited, Vitro Suppliers Pvt Ltd, Anukul Investments Ltd, Vittapeta Nidhi Limited and 5 more, all in the same principal business activity (financial service activities, except insurance and pension funding).
Govind Khandelwal ceased to be Additional Director on 30 Sep 2016. Ashok Khandelwal ceased to be Director on 14 Oct 2015. Govind Khandelwal was appointed as Director on 05 Oct 2015. Merulands Insurance Services has 6 board changes on record in total.
The registered office of Merulands Insurance Services is at 303 The Chamber Near Swan City Club Off. Hanuman Mandir W.E.Highway Vile Pa, Rle E, Mumbai, Maharashtra, India – 400057.
Merulands Insurance Services operates in the insurance industry, in the life insurance. non life insurance segment.
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