India's Richest People 2026 edition · 1 director · Source: Hurun India
- #872 Varinder Gupta & family ₹3,400 Cr
NM Merchantiles Limited
NM Merchantiles Limited - agriculture in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Active Public Limited Company agriculture
Revenue · FY 2026
₹36.7 Cr
▲ 79% YoY
Net profit · FY 2026
₹5.93 Cr
Net margin 16.1%
EBITDA · FY 2026
₹5.72 Cr
EBITDA margin 15.6%
Authorised capital
₹19.01 Cr
Registered with MCA
Paid-up capital
₹9.99 Cr
Issued & subscribed
Company age
18 yrs
Est. 2008
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About NM Merchantiles Limited
Data last updated:
NM Merchantiles Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 08 January 2008 and has been in existence for over 18 years.
Its director Varinder Gupta and family are #872 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U51900PB2008PLC031571. Its GSTIN is 03AACCN6753A1ZX (Punjab).
The company has an authorised share capital of ₹19.01 Cr and a paid-up capital of ₹9.99 Cr. It was formerly known as Nm Merchantiles Private Limited. It is led by directors including Vikas Gupta and Varinder Gupta.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 86 Industrial Area – A, Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2026, the company reported a revenue of ₹36.7 Cr, a growth of 79% compared to the previous year. For the same year it recorded a net profit of ₹5.93 Cr (net margin 16.1%) and EBITDA of ₹5.72 Cr (EBITDA margin 15.6%). Revenue has grown at a compounded annual rate (CAGR) of 162% over three years and 76% over five years.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U51900PB2008PLC031571
Registration Number 031571
Incorporation Date 08 January 2008
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
NM Merchantiles has one previous CIN (Corporate Identification Number): U51900PB2008PTC031571. The current CIN is U51900PB2008PLC031571, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51900PB2008PLC031571 | Current |
| U51900PB2008PTC031571 | Previous |
Recognitions & Rankings of NM Merchantiles
Contact details
NM Merchantiles Limited's registered office is in Ludhiana, Punjab.
- Registered Address86 Industrial Area – A, Ludhiana, Punjab, India – 141003
- IndustryAgriculture, Agro Retail & Distribution
Comprehensive company report
NM Merchantiles 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
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Financials of NM Merchantiles Limited
FY 2025 filings availableNM Merchantiles Limited reported revenue of ₹36.7 Cr (up 79% YoY) for FY 2026.
Revenue · FY 2026
₹36.7 Cr ▲ 79%
Net profit · FY 2026
₹5.93 Cr margin 16.1%
EBITDA · FY 2026
₹5.72 Cr margin 15.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 79%
3 years · compounded
▲ 162%
5 years · compounded
▲ 76%
EBITDA CAGR growth
1 year
▲ 83%
3 years · compounded
▲ 42%
5 years · compounded
▲ 22%
Revenue has grown at a compounded annual rate (CAGR) of 76% over five years, including 79% growth in the latest year. EBITDA rose 83% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹5.72 Cr | ||||
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| Net Profit (PAT) | ₹5.93 Cr | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.6% | ||||
| Net Profit Margin | 16.1% | ||||
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To see the full financial statements and ratios of NM Merchantiles Limited, buy the company report.
Board of directors of NM Merchantiles Limited
NM Merchantiles has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Gupta Also directs: Mayadevi Polycot Limited, Iol Chemicals and Pharmaceuticals Limited, Iol Speciality Chemicals Limited and 1 more | Director | 26 Dec 2018 | 7 Years 10 Months | Current |
| Varinder Gupta Also directs: Mayadevi Polycot Limited, Iol Chemicals and Pharmaceuticals Limited, Iol Speciality Chemicals Limited and 1 more | Director | 08 Jan 2008 | 18 Years 9 Months | Current |
| Dimple Gupta Also directs: Mayadevi Polycot Limited | Director | 08 Jan 2008 | 18 Years 9 Months | Current |
Legal cases
NM Merchantiles Limited has 2 court cases on record: 1 filed by NM Merchantiles, 1 filed against it. All cases are disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chandigarh | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| High Court of Punjab and Haryana | Tax appeal | Filed against the company by The PR. Commissioner of Income Tax | Disposed |
To see the full case history of NM Merchantiles 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 NM Merchantiles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
NM Merchantiles has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCN6753A1ZX | Punjab | Active | 21 Dec 2023 |
To see the full GST registrations and return filing status of NM Merchantiles Limited, buy the company report.
Recent activity
NM Merchantiles Limited has 6 board changes on record since 2008: 3 appointments and 3 cessations. The latest: Jatin Sood ceased to be Company Secretary on 30 Sep 2020.
AGM
Nm Merchantiles Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Filing
Nm Merchantiles Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Ceased
Jatin Sood ceased to be Company Secretary.
Ceased
Vikas Gupta ceased to be Additional Director.
Ceased
Nohar Chand Gupta ceased to be Director.
Appointed
Vikas Gupta was appointed as Director.
Appointed
Dimple Gupta was appointed as Director.
Appointed
Varinder Gupta was appointed as Director.
Incorporation
08 Jan 2008
Nm Merchantiles Limited was registered on 08 Jan 2008 with Roc Chandigarh & aged 18 years 9 months as per MCA records.
Frequently asked questions
NM Merchantiles is an active public limited company based in Ludhiana, Punjab, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 08 January 2008 (18+ years old) and is registered under CIN U51900PB2008PLC031571.
NM Merchantiles has 3 current directors:
- Vikas Gupta - Director
- Varinder Gupta - Director
- Dimple Gupta - Director
The latest financial statements of NM Merchantiles on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of NM Merchantiles is 03AACCN6753A1ZX, registered in Punjab.
The CIN (Corporate Identification Number) of NM Merchantiles is U51900PB2008PLC031571. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
NM Merchantiles has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the high courts.
NM Merchantiles was incorporated on 08 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chandigarh.
Jatin Sood ceased to be Company Secretary on 30 Sep 2020. Vikas Gupta ceased to be Additional Director on 30 Sep 2019. Nohar Chand Gupta ceased to be Director on 26 Dec 2018. NM Merchantiles has 6 board changes on record in total.
The registered office of NM Merchantiles is at 86 Industrial Area – A, Ludhiana, Punjab, India – 141003.
NM Merchantiles operates in the agriculture industry, in the agro retail and distribution segment.