MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-24-0015009
Vaibhav Mercantile Ltd
Vaibhav Mercantile Ltd - metals and minerals in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹70.32 Cr
▼ 15% YoY
Net profit · FY 2025
₹39.28 Lakh
Net margin 0.6%
EBITDA · FY 2025
₹3.17 Cr
EBITDA margin 4.5%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹16.17 Cr
Satisfied ₹11.42 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
25
Provident fund records
About Vaibhav Mercantile Ltd
Data last updated:
Vaibhav Mercantile Ltd is a public limited company based in Mumbai, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 09 October 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17002MH1987PLC044947. Its GSTIN is 33AAACV3848A1ZQ (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It was formerly known as Vaibhav Mercantile Private Limited. It is led by directors including Rajasingh Prathap Singh and Dinesh Gour.
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 117 Mittal Chambersnariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹70.32 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹39.28 Lakh (net margin 0.6%) and EBITDA of ₹3.17 Cr (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 17% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹16.17 Cr and satisfied charges of ₹11.42 Cr on record. Court records list 110 cases involving the company, including 93 filed by the company and 17 filed against it; 7 cases are pending.
Vaibhav Mercantile Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-24-0015009). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17002MH1987PLC044947
Registration Number 044947
Incorporation Date 09 October 1987
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-24-0015009
Key People
Rajasingh Prathap Singh Director Pothinadar Subramani Radhakrishnan Additional Director Dinesh Gour Director Recognitions & Rankings of Vaibhav Mercantile
Contact details
Vaibhav Mercantile Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address117 Mittal Chambersnariman Point, Mumbai, Maharashtra, India – 400021
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Vaibhav Mercantile Ltd, buy the company report.
Comprehensive company report
Vaibhav Mercantile Ltd - 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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Secure checkout · GST invoice included
Business activity
The main business activity of Vaibhav Mercantile is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Vaibhav Mercantile Ltd, buy the company report.
Financials of Vaibhav Mercantile Ltd
FY 2024 filings availableVaibhav Mercantile Ltd reported revenue of ₹70.32 Cr (down 15% YoY) for FY 2025.
Revenue · FY 2025
₹70.32 Cr ▼ 15%
Net profit · FY 2025
₹39.28 Lakh margin 0.6%
EBITDA · FY 2025
₹3.17 Cr margin 4.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 4%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 11%
5 years · compounded
▲ 17%
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA rose 16% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹39.28 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| 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 | 4.5% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
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To see the full financial statements and ratios of Vaibhav Mercantile Ltd, buy the company report.
Board of directors of Vaibhav Mercantile Ltd
Vaibhav Mercantile has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajasingh Prathap Singh | Director | 28 May 2018 | 8 Years 5 Months | Current |
| Pothinadar Subramani Radhakrishnan | Additional Director | 04 Apr 2025 | 1 Years 6 Months | Current |
| Dinesh Gour | Director | 26 Feb 2024 | 2 Years 8 Months | Current |
Peer comparison
Vaibhav Mercantile Ltd is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Abha Power and Steel Limited | ₹70.83 Cr (FY 2025) | 37.0% | Bilaspur, Chhattisgarh, India | |||
| Ritvik Steel Private Limited | ₹70.54 Cr (FY 2023) | 10.0% | Muzaffarnagar, Uttar Pradesh, India | |||
| Vaibhav Mercantile Ltdthis company | ₹70.32 Cr (FY 2025) | ₹39.28 Lakh | 0.6% | -15.0% | 25 | Mumbai, Maharashtra, India |
| Jina Special Steel Works Private Limited | ₹70.29 Cr (FY 2025) | 20.0% | Belgaum, Karnataka, India | |||
| Alliage Metal Castings Private Limited | ₹70.21 Cr (FY 2024) | 13.0% | Bangalore, Karnataka, India | |||
| Progressive Stamping Private Limited | ₹70.2 Cr (FY 2025) | 34.0% | New Delhi, Delhi, India | |||
| Himgiri Ispat Private Limited | ₹70.16 Cr (FY 2023) | -7.0% | Pauri Garwal, Uttarakhand, India | |||
| Aggarwal Metcast Private Limited | ₹70.04 Cr (FY 2024) | 0.0% | Bhavnagar, Gujarat, India |
To see the full peer comparison of Vaibhav Mercantile Ltd, buy the company report.
Auditor
Vaibhav Mercantile Ltd is audited by Nagappan & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nagappan & Co | FY 2023 | 203323 |
Shareholding
The shareholding of Vaibhav Mercantile Ltd 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vaibhav Mercantile Ltd, buy the company report.
Charges & borrowings
Open charges
₹16.17 Cr
Satisfied charges
₹11.42 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 2023 | 100847472 | Hdfc Bank Limited | ₹15 Cr | Open | |
| 07 Sep 2023 | 100815481 | Hdfc Bank Limited | ₹20.2 Lakh | Open | |
| 30 Mar 2022 | 100555717 | Hdfc Bank Limited | ₹43.43 Lakh | Open | |
| 08 Jul 2021 | 100460162 | Hdfc Bank Limited | ₹12.3 Lakh | Open | |
| 09 Mar 2021 | 100451055 | Hdfc Bank Limited | ₹20.6 Lakh | Open |
To see the full charge records of Vaibhav Mercantile Ltd, buy the company report.
Total charge records: 12 View all charges
Legal cases
Vaibhav Mercantile Ltd has 110 court cases on record: 93 filed by Vaibhav Mercantile, 17 filed against it. 7 cases are pending and 103 are disposed.
Total cases
110
Filed by the company
93
Filed against the company
17
Pending
7
Disposed
103
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 77 | 10 | 0 |
| High courts | 32 | 6 | 6 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 110)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by M/S Neco Castings Limited | Disposed |
| NCLT, NCLT Mumbai | Insolvency matter | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Writ petition | Filed by the company against The Deputy Commissioner of GST | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The Deputy Commissioner of GST | Pending |
| District court, Tiruvallur, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
To see the full case history of Vaibhav Mercantile Ltd, 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 Vaibhav Mercantile Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vaibhav Mercantile Ltd has a workforce of 25 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
25
Active EPFO establishments
1
Employee growth
56.25%
GST
Vaibhav Mercantile has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACV3848A1ZQ | Tamil Nadu | Active | 01 Jul 2017 |
| 33AAACV3848A1DZ | Tamil Nadu | Active | 10 Feb 2025 |
To see the full GST registrations and return filing status of Vaibhav Mercantile Ltd, buy the company report.
Recent activity
Vaibhav Mercantile Ltd has 31 board changes on record since 1993: 17 appointments and 14 cessations. The latest: Dharanibabu Munusamy ceased to be Director on 04 Apr 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 15.00 Cr registered on 28 Dec 2023 with Charge ID 100847472 was modified on 29 Jul 2025.
Ceased
Dharanibabu Munusamy ceased to be Director.
Appointed
Pothinadar Subramani Radhakrishnan was appointed as Additional Director.
AGM
Vaibhav Mercantile Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Vaibhav Mercantile Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Appointed
Dinesh Gour was appointed as Director.
Ceased
Chinnadurai Kannan ceased to be Director.
Appointed
Dharanibabu Munusamy was appointed as Director.
Charges
A charge registered on 24 Dec 1997 via Charge ID 90213123 with Union Bank Of India was fully satisfied on 02 Jan 2024.
Charges
A charge registered on 20 Jun 1996 via Charge ID 90212883 with Union Bank Of India was fully satisfied on 02 Jan 2024.
Charges
A charge registered on 08 Feb 1996 via Charge ID 90214594 with Union Bank Of India was fully satisfied on 02 Jan 2024.
Charges
A charge registered on 08 Feb 1996 via Charge ID 90232681 with Union Bank Of India was fully satisfied on 02 Jan 2024.
44 earlier events are in the company report.
Frequently asked questions
Vaibhav Mercantile is an active public limited company based in Mumbai, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 09 October 1987 (39+ years old) and is registered under CIN U17002MH1987PLC044947.
Vaibhav Mercantile has 3 current directors:
- Rajasingh Prathap Singh - Director
- Pothinadar Subramani Radhakrishnan - Additional Director
- Dinesh Gour - Director
The latest financial statements of Vaibhav Mercantile 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 2015 are in the company report.
The GSTIN of Vaibhav Mercantile is 33AAACV3848A1ZQ, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAACV3848A1DZ (Tamil Nadu).
The CIN (Corporate Identification Number) of Vaibhav Mercantile is U17002MH1987PLC044947. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vaibhav Mercantile has 110 court cases on record: 93 filed by the company and 17 filed against it. 7 are pending. Most are in the district courts.
Vaibhav Mercantile was incorporated on 09 October 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Vaibhav Mercantile by revenue are Abha Power and Steel Limited, Ritvik Steel Private Limited, Jina Special Steel Works Private Limited, Alliage Metal Castings Private Limited, Progressive Stamping Private Limited and 2 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Dharanibabu Munusamy ceased to be Director on 04 Apr 2025. Pothinadar Subramani Radhakrishnan was appointed as Additional Director on 04 Apr 2025. Dinesh Gour was appointed as Director on 26 Feb 2024. Vaibhav Mercantile has 31 board changes on record in total.
Yes, Vaibhav Mercantile is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-24-0015009).
The registered office of Vaibhav Mercantile is at 117 Mittal Chambersnariman Point, Mumbai, Maharashtra, India – 400021.