Netra Mercantile Private Limited
About Netra Mercantile Private Limited
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Netra Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Deep Star Alloys And Steels Private Limited. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 14 September 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2001PTC133370. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5.25 Cr and a paid-up capital of ₹4.75 Cr. It is led by directors Kundan Sethia and Santosh Narayan Marathe.
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 Office No. 8 Kusum Vijay House 174/180 Modi Street 2nd Floor Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2024, the company reported a revenue of ₹45,248. For the same year it recorded a net profit of ₹26,899 (net margin 59.4%) and EBITDA of ₹35,248 (EBITDA margin 77.9%).
As per MCA filings, the company has open charges of ₹45 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressOffice No. 8 Kusum Vijay House 174/180 Modi Street 2nd Floor Fort, Mumbai, Maharashtra, India – 400001
- IndustryMetals and Minerals, Metal 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
Financials of Netra Mercantile Private Limited FY 2024 filings available
Netra Mercantile Private Limited reported revenue of ₹45,248 for FY 2024.
Financial Statement Summary of Netra Mercantile Private Limited
| 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 | ₹35,248 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹26,899 | •••• | •••• | •••• | •••• |
| 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 Netra Mercantile Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 77.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 59.4% | •••• | •••• | •••• | •••• |
| 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 Netra Mercantile 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 Netra Mercantile Private Limited
Netra Mercantile Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chirag Multimetals Private Limited | ₹46,114 (FY 2023) | •••• | •••• | 1252.0% | •••• | Ludhiana, Punjab, India |
| Bhakarh Alloys Private Limited | ₹46,087 (FY 2024) | •••• | •••• | -48.0% | •••• | Chennai, Tamil Nadu, India |
| Virgo Industries (Engineers) Private Limited | ₹46,024 (FY 2025) | •••• | •••• | -44.0% | •••• | Chennai, Tamil Nadu, India |
| Stainlessinox International Private Limited | ₹45,592 (FY 2022) | •••• | •••• | -25.0% | •••• | Mumbai, Maharashtra, India |
| Satidadi Exports Private Limited | ₹45,451 (FY 2025) | •••• | •••• | -97.0% | •••• | Kolkata, West Bengal, India |
| Netra Mercantile Private Limited this company | ₹45,248 (FY 2024) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Chandansagar Construction Private Limited | ₹45,000 (FY 2022) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Golden Sparrow Enterprises Private Limited | ₹44,500 (FY 2023) | •••• | •••• | 4.0% | •••• | Delhi, India |
| TRV Commodities Private Limited | ₹44,089 (FY 2025) | •••• | •••• | -100.0% | •••• | Navi Mumbai, Maharashtra, India |
| Bharat Steel Yard Private Limited | ₹43,494 (FY 2025) | •••• | •••• | -100.0% | •••• | Mumbai, Maharashtra, India |
| Vindhyavasini Steelstrips Private Limited | ₹43,440 (FY 2018) | •••• | •••• | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Netra Mercantile by revenue in the Metals and Minerals industry (Metal Retail and Distribution), 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 Netra Mercantile Private Limited
Netra Mercantile Private Limited is audited by NIKITA GOGRI & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NIKITA GOGRI & 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 Netra Mercantile Private Limited
Netra Mercantile has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kundan Sethia Also directs: Kaved Realty Private Limited | Director | 05 Sep 2016 | 10 Years 1 Months | Current |
| Santosh Narayan Marathe Also directs: Ballaleshwar Pipes and Tubes Private Limited, Yesamaa Infrastructure Private Limited, Ua Trading Company Private Limited and 2 more | Director | 22 Apr 2024 | 2 Years 5 Months | Current |
Ownership and Shareholding of Netra Mercantile 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 Netra Mercantile Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Sep 2005 | Oriental Bank of Commerce | ₹45 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Netra Mercantile Private Limited
Netra Mercantile Private Limited has 5 court cases on record: 4 filed by Netra Mercantile, 1 filed against it. 2 cases are pending and 3 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 2 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Punjab National Bank | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Punjab National Bank | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Oriental Bank of Commerce Th.Mr. Jay Shankar Kumar | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Dy Commissioner of Income Tax Central Circle and 3 others | Disposed |
| High Court of Chhattisgarh | Court case (WPT) | Filed by the company against Union of India | Disposed |
Full case history
All 5 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 Netra Mercantile Private Limited
Employment history and EPFO contributions of people linked to Netra Mercantile.
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.
Recent Activity on Netra Mercantile Private Limited
Netra Mercantile Private Limited has 13 board changes on record since 2008: 2 appointments and 11 cessations. The latest: Narendra Ratnakant Phatkare ceased to be Additional Director on 25 Apr 2024.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Netra Mercantile 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 Netra Mercantile 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 Netra Mercantile 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 Netra Mercantile Private Limited
Netra Mercantile has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Netra Mercantile 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 Netra Mercantile Private Limited
Netra Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 14 September 2001 (25+ years old) and is registered under CIN U51909MH2001PTC133370.
Netra Mercantile reported revenue of ₹45,248 for FY 2024.
Netra Mercantile has 2 current directors:
- Kundan Sethia - Director
- Santosh Narayan Marathe - Director
Netra Mercantile reported a net profit of ₹26,899 (net margin 59.4%) and EBITDA of ₹35,248 (EBITDA margin 77.9%) for FY 2024, as per its filed financial statements.
No. Netra Mercantile has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Netra Mercantile is U51909MH2001PTC133370. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Netra Mercantile has 5 court cases on record: 4 filed by the company and 1 filed against it. 2 are pending. Most are in the district courts.
Netra Mercantile was incorporated on 14 September 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Netra Mercantile by revenue are Chirag Multimetals Private Limited, Bhakarh Alloys Private Limited, Virgo Industries (Engineers) Private Limited, Stainlessinox International Private Limited, Satidadi Exports Private Limited and 5 more, all in the Metals and Minerals industry (Metal Retail and Distribution).
Narendra Ratnakant Phatkare ceased to be Additional Director on 25 Apr 2024. Santosh Narayan Marathe was appointed as Director on 22 Apr 2024. Kundan Sethia ceased to be Additional Director on 30 Sep 2016. Netra Mercantile has 13 board changes on record in total.
The registered office of Netra Mercantile is at Office No. 8 Kusum Vijay House 174180 Modi Street 2nd Floor Fort, Mumbai, Maharashtra, India – 400001.