MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0071343
Mysore Mercantile Company Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹347.18 Cr
▼ 35% YoY
Net profit · FY 2024
₹35.82 Cr
Net margin 10.3%
EBITDA · FY 2024
₹58.95 Cr
EBITDA margin 17%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.96 Cr
Issued & subscribed
Open charges
₹38.03 Cr
Satisfied ₹438.62 Cr
Company age
26 yrs
Est. 2000
Directors on board
8
As per MCA filings
About Mysore Mercantile Company Limited
Data last updated:
Mysore Mercantile Company Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 01 March 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51229KA2000PLC026500. Its GSTIN is 29AACCM1216H1ZQ (Karnataka).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.96 Cr. It is led by directors including Halady Srinivasa Shetty (Managing Director) and Rakesh Gopal Shetty.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹347.18 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹35.82 Cr (net margin 10.3%) and EBITDA of ₹58.95 Cr (EBITDA margin 17%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 17% over five years.
Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹38.03 Cr and satisfied charges of ₹438.62 Cr on record. Court records list 228 cases involving the company, including 170 filed by the company and 58 filed against it; 35 cases are pending. The company has 4 deals on record (4 secondary share transfers); the latest was in March 2013.
Mysore Mercantile Company Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0071343). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mmclindia.co.in.
Company details
CIN U51229KA2000PLC026500
Registration Number 026500
Incorporation Date 01 March 2000
ROC Bangalore
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-KR-03-0071343
Key People
Halady Srinivasa Shetty Managing Director Rakesh Gopal Shetty Director Vsuresh Kumar Reddy Kapu Director Recognitions & Rankings of Mysore Mercantile Company
Contact details
Mysore Mercantile Company Limited's registered office is in Bangalore, Karnataka. Its website is mmclindia.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMysore Mercantile House #46 3 & 4 Floor 36th Cross (Between 20th&22nd Main) Jayanagar 4th, T Block, Bangalore, Karnataka, India – 560041
- IndustryFinancial Services, Equipment Leasing & Financing
To see the full contact details of Mysore Mercantile Company Limited, buy the company report.
Comprehensive company report
Mysore Mercantile Company Limited - 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activities of Mysore Mercantile Company are electricity, gas, steam and air condition supply, trade and professional, scientific and technical. In detail, this covers electric power generation, transmission and distribution, wholesale trading and other professional, scientific and technical activities. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| G | Trade | G1 | Wholesale Trading | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Mysore Mercantile Company Limited, buy the company report.
Financials of Mysore Mercantile Company Limited
FY 2024 filings availableMysore Mercantile Company Limited reported revenue of ₹347.18 Cr (down 35% YoY) for FY 2024.
Revenue · FY 2024
₹347.18 Cr ▼ 35%
Net profit · FY 2024
₹35.82 Cr margin 10.3%
EBITDA · FY 2024
₹58.95 Cr margin 17%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 35%
3 years · compounded
▲ 9%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▼ 52%
3 years · compounded
▲ 16%
5 years · compounded
▲ 15%
Revenue fell 35% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 52% 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 |
|---|---|---|---|---|---|
| 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 | ₹58.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹35.82 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17% | ||||
| Net Profit Margin | 10.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Mysore Mercantile Company Limited, buy the company report.
Board of directors of Mysore Mercantile Company Limited
Mysore Mercantile Company has 8 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Gopal Shetty Also directs: Gowrishankara Green Power Private Limited, Mysore Green Co Private Limited, Chikku Energy Private Limited and 1 more | Director | 28 Mar 2024 | 2 Years 7 Months | Current |
| Vsuresh Kumar Reddy Kapu Also directs: Sanatan Green Energies Private Limited, Petasense Technologies Private Limited, Dataeconomy Private Limited and 2 more | Director | 13 Jan 2025 | 1 Years 9 Months | Current |
| Aaryan Shetty Also directs: Gowrishankara Green Power Private Limited, Mysore Green Co Private Limited, Chikku Energy Private Limited and 2 more | Director | 27 Jul 2022 | 4 Years 3 Months | Current |
| Rohan Srinivasa Shetty | Director | 27 Jul 2022 | 4 Years 3 Months | Current |
| Parameswara Akkili Reddy | Director | 28 Mar 2024 | 2 Years 7 Months | Current |
| Sumana Srinivasa Shetty Also directs: Gowrishankara Green Power Private Limited, Mysore Green Co Private Limited, Chikku Energy Private Limited and 2 more | Director | 01 Mar 2000 | 26 Years 7 Months | Current |
Showing 6 of 8 current directors. View all directors
Auditor
Mysore Mercantile Company Limited is audited by S. RAVEENDRA AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. RAVEENDRA AND CO | FY 2023 | 014727S |
Shareholding
The shareholding of Mysore Mercantile Company 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mysore Mercantile Company Limited, buy the company report.
Charges & borrowings
Open charges
₹38.03 Cr
Satisfied charges
₹438.62 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2025 | 101193125 | Others | ₹28 Lakh | Open | |
| 16 Jun 2025 | 101119943 | State Bank of India | ₹25 Cr | Open | |
| 30 Oct 2024 | 101012041 | Hdfc Bank Limited | ₹11.5 Cr | Open | |
| 23 Mar 2009 | 10148533 | Deutsche Postbank Home Finance Limited | ₹1.25 Cr | Open | |
| 04 Nov 2023 | 100811608 | State Bank of India | ₹100 Cr | Satisfied |
To see the full charge records of Mysore Mercantile Company Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Mysore Mercantile Company Limited has 4 deals on record (4 secondary share transfers); the latest was in March 2013.
Total deals
4
Secondary share transfers
4
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Aug 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Feb 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mysore Mercantile Company Limited has 228 court cases on record: 170 filed by Mysore Mercantile Company, 58 filed against it. 35 cases are pending and 193 are disposed.
Total cases
228
Filed by the company
170
Filed against the company
58
Pending
35
Disposed
193
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 152 | 24 | 17 |
| High courts | 55 | 21 | 6 |
| NCLAT | 18 | 11 | 12 |
| Supreme Court | 3 | 2 | 0 |
Cases on record (5 of 228)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed by the company against Vistara Media Private Limited and 7 others | Pending |
| NCLAT, NCLAT Chennai | Company appeal | Filed by the company against Vistara Media Private Limited and 7 others | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Ragsys Coffee and Spices Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed against the company by Cogencis Information Services Limited Through Ms. Shreya Shetty | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed by the company against Vistara Media Private Limited and 6 others | Disposed |
To see the full case history of Mysore Mercantile Company 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.
Credit ratings & regulatory alerts
Mysore Mercantile Company Limited was last rated by Indiarating on 21 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 21 Jun 2021 |
To see the full credit ratings and regulatory alerts of Mysore Mercantile Company Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mysore Mercantile Company Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Mysore Mercantile Company has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Mysore Green Co Private Limited | U40104KA2015PTC081822 | |
| Chikku Energy Private Limited | U40300KA2016PTC086951 | |
| Mysore Science and Technology Services Private Limited | U73100KA2015PTC084276 |
To see the full group structure of Mysore Mercantile Company Limited, buy the company report.
GST
Mysore Mercantile Company has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCM1216H1ZQ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mysore Mercantile Company Limited, buy the company report.
Recent activity
Mysore Mercantile Company Limited has 19 board changes on record since 2000: 8 appointments and 11 cessations. The latest: Bhargav Surisetti ceased to be Additional Director on 29 Sep 2025.
Charges
A charge with Others amounted to Rs. 0.28 Cr with Charge ID 101193125 was registered on 31 Oct 2025.
Ceased
Bhargav Surisetti ceased to be Additional Director.
Ceased
Vsuresh Kumar Reddy Kapu ceased to be Additional Director.
Charges
A charge with State Bank Of India amounted to Rs. 25.00 Cr with Charge ID 101119943 was registered on 16 Jun 2025.
Appointed
Bhargav Surisetti was appointed as Director.
Ceased
Balakrishna Ramarao Maddur ceased to be Director.
Appointed
Vsuresh Kumar Reddy Kapu was appointed as Director.
Charges
A charge registered on 04 Nov 2023 via Charge ID 100811608 with State Bank Of India was fully satisfied on 09 Jan 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 11.50 Cr with Charge ID 101012041 was registered on 30 Oct 2024.
AGM
Mysore Mercantile Company Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Parameswara Akkili Reddy ceased to be Additional Director.
Filing
Mysore Mercantile Company Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
41 earlier events are in the company report.
Frequently asked questions
Mysore Mercantile Company is an active public limited company based in Bangalore, Karnataka, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 01 March 2000 (26+ years old) and is registered under CIN U51229KA2000PLC026500.
Mysore Mercantile Company has 8 current directors:
- Halady Srinivasa Shetty - Managing Director
- Rakesh Gopal Shetty - Director
- Vsuresh Kumar Reddy Kapu - Director
- Aaryan Shetty - Director
- Rohan Srinivasa Shetty - Director
- Parameswara Akkili Reddy - Director
- Sumana Srinivasa Shetty - Director
- Bhargav Surisetti - Director
The latest financial statements of Mysore Mercantile Company 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 Mysore Mercantile Company is 29AACCM1216H1ZQ, registered in Karnataka.
The CIN (Corporate Identification Number) of Mysore Mercantile Company is U51229KA2000PLC026500. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mysore Mercantile Company has 228 court cases on record: 170 filed by the company and 58 filed against it. 35 are pending. Most are in the district courts.
Mysore Mercantile Company was incorporated on 01 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.
Mysore Mercantile Company has 4 deals on record (4 secondary share transfers); the latest was in March 2013.
Bhargav Surisetti ceased to be Additional Director on 29 Sep 2025. Vsuresh Kumar Reddy Kapu ceased to be Additional Director on 29 Sep 2025. Bhargav Surisetti was appointed as Director on 16 May 2025. Mysore Mercantile Company has 19 board changes on record in total.
Yes, Mysore Mercantile Company is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0071343).
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages