Nevigating Merchants Private Limited
About Nevigating Merchants Private Limited
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Nevigating Merchants Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the wholesale trading and distribution segment of the business services sector. It was incorporated on 03 October 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51109MH1996PTC312745.
The company has an authorised share capital of ₹68 Lakh and a paid-up capital of ₹67.84 Lakh. It is led by directors Binjal Ravibhai Rabadiya and Dakshesh Kantilal Dave.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Shop No. 4 Ground Floor Dutta Krupa Chs Ltd Shailendra Nagar Dahisar(East), Mumbai, Maharashtra, India – 400068.
As per the financials filed for FY 2024, the company reported a revenue of ₹67.78 Lakh, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹47,726 (net margin 0.7%) and EBITDA of ₹1.59 Lakh (EBITDA margin 2.3%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Nevigating Merchants has one previous CIN (Corporate Identification Number): U51109WB1996PTC081569. The current CIN is U51109MH1996PTC312745, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109MH1996PTC312745 | Current |
| U51109WB1996PTC081569 | Previous |
Contact details
Nevigating Merchants Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No. 4 Ground Floor Dutta Krupa Chs Ltd Shailendra Nagar Dahisar(East), Mumbai, Maharashtra, India – 400068
- IndustryBusiness Services, Wholesale, Commission Agents, Contractual Work
To see the full contact details of Nevigating Merchants 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 Nevigating Merchants is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Nevigating Merchants Private Limited, buy the company report.
Financials of Nevigating Merchants Private Limited
FY 2025 filings availableNevigating Merchants Private Limited reported revenue of ₹67.78 Lakh (down 26% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over three years, including a 26% fall in the latest year. EBITDA fell 21% 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 |
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| EBITDA | ₹1.59 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹47,726 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.3% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Nevigating Merchants Private Limited, buy the company report.
Board of directors of Nevigating Merchants Private Limited
Nevigating Merchants 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 |
|---|---|---|---|---|
| Binjal Ravibhai Rabadiya | Director | 20 Jan 2026 | 0 Years 9 Months | Current |
| Dakshesh Kantilal Dave | Director | 20 Jan 2026 | 0 Years 9 Months | Current |
Auditor
Nevigating Merchants Private Limited is audited by NITESH SONI & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NITESH SONI & ASSOCIATES | FY 2017 | 328598E |
Shareholding
The shareholding of Nevigating Merchants 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 Nevigating Merchants Private Limited, buy the company report.
Legal cases
Nevigating Merchants Private Limited has 2 court cases on record: 1 filed by Nevigating Merchants, 1 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Silvassa, DNH at Silvasa | Court case (SPL. CASE COMPANIES ACT) | Filed against the company by an individual | Pending |
| High Court | Company petition | Filed by the company against The Registrar of Companies, West Bengal | Disposed |
To see the full case history of Nevigating Merchants 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 Nevigating Merchants Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Nevigating Merchants Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Nevigating Merchants Private Limited has 15 board changes on record since 2017: 4 appointments and 11 cessations. The latest: Binjal Ravibhai Rabadiya was appointed as Director on 20 Jan 2026.
6 earlier events are in the company report.
Frequently asked questions
Nevigating Merchants is an active private limited company based in Mumbai, Maharashtra, India. The company works in wholesale, within the business services industry. It was incorporated on 03 October 1996 (30+ years old) and is registered under CIN U51109MH1996PTC312745.
Nevigating Merchants has 2 current directors:
- Binjal Ravibhai Rabadiya - Director
- Dakshesh Kantilal Dave - Director
The latest financial statements of Nevigating Merchants on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nevigating Merchants is U51109MH1996PTC312745. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nevigating Merchants has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Nevigating Merchants was incorporated on 03 October 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Binjal Ravibhai Rabadiya was appointed as Director on 20 Jan 2026. Dakshesh Kantilal Dave was appointed as Director on 20 Jan 2026. Jaiprakash Jugalkishor Jajoo ceased to be Additional Director on 20 Jan 2026. Nevigating Merchants has 15 board changes on record in total.
The registered office of Nevigating Merchants is at Shop No. 4 Ground Floor Dutta Krupa Chs Ltd Shailendra Nagar DahisarEast, Mumbai, Maharashtra, India – 400068.
Nevigating Merchants operates in the business services industry, in the wholesale segment.
The compliance status of Nevigating Merchants is compliant as of 08 July 2026. The company is actively filing with the Registrar of Companies.
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