Monarch Comtrade Private Limited
About Monarch Comtrade Private Limited
Data last updated:
Monarch Comtrade Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Premjayanti Enterprises Private Limited. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 10 October 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ2003PTC043038. Its GSTIN is 24AAICS2001G2ZW (Gujarat). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹3.5 Cr. It was formerly known as Siddhisuri Commodity Brokers Private Limited and Monarch Multimedia Private Limited. It is led by directors Bankim Jayantilal Shah and Himansu Jayantilal Shah.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.18 Cr, a decline of 93% compared to the previous year. For the same year it recorded a net profit of ₹3.08 Cr (net margin 49.8%) and EBITDA of ₹3.49 Cr (EBITDA margin 56.5%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years and 23% over five years.
As per MCA filings, the company has open charges of ₹59 Cr and satisfied charges of ₹2.5 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressMonarch Opp Ishwar Bhuwan Commerce Six Road Na, Varangpura, Ahmedabad, Gujarat, India – 380009
- IndustryAgriculture, Agro Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Monarch Comtrade Private Limited
The main business activity of Monarch Comtrade is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Monarch Comtrade Private Limited FY 2024 filings available
Monarch Comtrade Private Limited reported revenue of ₹6.18 Cr (down 93% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Monarch Comtrade Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 93% fall in the latest year. EBITDA fell 94% 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 of Monarch Comtrade Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.49 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.08 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Monarch Comtrade Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 56.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 49.8% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Monarch Comtrade are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Monarch Comtrade Private Limited
Monarch Comtrade Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| M R.Technofin Consultants Private Limited | ₹6.2 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Mumbai, Maharashtra, India |
| Genz Investment Advisors Private Limited | ₹6.19 Cr (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Norverden Konsulent Private Limited | ₹6.19 Cr (FY 2024) | •••• | •••• | 85.0% | •••• | Thrissur, Kerala, India |
| Rephine Consulting India Private Limited | ₹6.19 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Gurgaon, Haryana, India |
| Rus Tourism India Private Limited | ₹6.18 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | New Delhi, Delhi, India |
| Monarch Comtrade Private Limited this company | ₹6.18 Cr (FY 2025) | •••• | •••• | -93.0% | •••• | Ahmedabad, Gujarat, India |
| Bestways Management Services Private Limited | ₹6.18 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
| Techmasters Infomatrix Private Limited | ₹6.17 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | New Delhi, Delhi, India |
| Luxury Link India Private Limited | ₹6.17 Cr (FY 2016) | •••• | •••• | 88.0% | •••• | Mumbai, Maharashtra, India |
| Didactic Migration Consultants Private Limited | ₹6.16 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Pune, Maharashtra, India |
| Astral Business Consulting LLP | ₹6.16 Cr (FY 2023) | •••• | •••• | 68.0% | •••• | Coimbatore, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Monarch Comtrade by revenue in the Outsourcing industry (Consulting Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Monarch Comtrade Private Limited
Monarch Comtrade Private Limited is audited by Umangi Bhavsar & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Umangi Bhavsar & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Monarch Comtrade Private Limited
Monarch Comtrade has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bankim Jayantilal Shah Also directs: Ademon Infra LLP, Maruti Koatsu Cylinders Limited, Yantra Esolarindia Private Limited and 5 more | Director | 12 Oct 2003 | 23 Years 0 Months | Current |
| Himansu Jayantilal Shah | Director | 17 Jul 2017 | 9 Years 2 Months | Current |
Ownership and Shareholding of Monarch Comtrade Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Monarch Comtrade Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Feb 2025 | State Bank of India | ₹59 Cr | Open |
| 05 Oct 2012 | Hdfc Bank Limited | ₹2.5 Cr | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Monarch Comtrade Private Limited
Monarch Comtrade Private Limited has 6 court cases on record: 2 filed by Monarch Comtrade, 4 filed against it. All cases are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 4 | 0 |
| District courts | 2 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Court case (TAXAP) | Filed against the company by Pri.Commissioner of the Income Tax-1 | Disposed |
| District court, Kheda at Nadiad, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by an individual | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against an individual | Disposed |
Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Monarch Comtrade Private Limited
Monarch Comtrade Private Limited has a workforce of 0 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Monarch Comtrade Private Limited
Monarch Comtrade has undergone 3 name changes throughout its history. The company was previously known as Siddhisuri Commodity Brokers Private Limited, Monarch Multimedia Private Limited, and Krone Commodities Private Limited. The current legal name is Monarch Comtrade Private Limited.
| Company Name | Status |
|---|---|
| Monarch Comtrade Private Limited | Current |
| Siddhisuri Commodity Brokers Private Limited | Previous |
| Monarch Multimedia Private Limited | Previous |
| Krone Commodities Private Limited | Previous |
Recent Activity on Monarch Comtrade Private Limited
Monarch Comtrade Private Limited has 5 board changes on record since 2003: 2 appointments and 3 cessations. The latest: Himansu Jayantilal Shah ceased to be Additional Director on 29 Sep 2017.
Credit Ratings, Litigation & Regulatory Alerts for Monarch Comtrade Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Monarch Comtrade Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Monarch Comtrade Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Monarch Comtrade Private Limited
Monarch Comtrade has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICS2001G2ZW | Gujarat | Active | 27 Feb 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Monarch Comtrade Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Monarch Comtrade Private Limited
Monarch Comtrade is an active private limited company based in Ahmedabad, Gujarat, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 10 October 2003 (23+ years old) and is registered under CIN U51909GJ2003PTC043038.
Monarch Comtrade reported revenue of ₹6.18 Cr for FY 2025 (down 93% YoY).
Monarch Comtrade has 2 current directors:
- Bankim Jayantilal Shah - Director
- Himansu Jayantilal Shah - Director
Monarch Comtrade reported a net profit of ₹3.08 Cr (net margin 49.8%) and EBITDA of ₹3.49 Cr (EBITDA margin 56.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Monarch Comtrade is 51% over three years and -23% over five years. In the latest year (FY 2025) revenue fell 93%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Monarch Comtrade is 24AAICS2001G2ZW, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Monarch Comtrade is U51909GJ2003PTC043038. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Monarch Comtrade has 6 court cases on record: 2 filed by the company and 4 filed against it. Most are in the high courts.
Monarch Comtrade was incorporated on 10 October 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Monarch Comtrade by revenue are M R.Technofin Consultants Private Limited, Genz Investment Advisors Private Limited, Norverden Konsulent Private Limited, Rephine Consulting India Private Limited, Rus Tourism India Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Himansu Jayantilal Shah ceased to be Additional Director on 29 Sep 2017. Vaibhav Jayantilal Shah ceased to be Director on 20 Jul 2017. Himansu Jayantilal Shah was appointed as Director on 17 Jul 2017. Monarch Comtrade has 5 board changes on record in total.