Sarika Mercantile Private Limited
About Sarika Mercantile Private Limited
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Sarika Mercantile Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 18 October 2010.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2010PTC209133.
The company had an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹1.1 Cr. It was led by directors Neel Kumar Jain and Nina Ranka.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 309 Pioneer Industrial Estate Subhash Road Jogeshwari East, Mumbai, Maharashtra, India – 400060.
As per the financials filed for FY 2022, the company reported a revenue of ₹39.89 Lakh, a decline of 80% compared to the previous year. For the same year it recorded a net profit of ₹14.08 Lakh (net margin 35.3%) and EBITDA of ₹16.43 Lakh (EBITDA margin 41.2%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 6% over five years.
Court records list 2 cases involving the company, including 2 filed by the company.
Company details
Contact details
Sarika Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address309 Pioneer Industrial Estate Subhash Road Jogeshwari East, Mumbai, Maharashtra, India – 400060
- IndustryFinancial Services, Financial Activities
To see the full contact details of Sarika Mercantile 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 Sarika Mercantile is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Sarika Mercantile Private Limited, buy the company report.
Financials of Sarika Mercantile Private Limited
FY 2022 filings availableSarika Mercantile Private Limited reported revenue of ₹39.89 Lakh (down 80% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 80% fall in the latest year. EBITDA rose 117% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹16.43 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.08 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 41.2% | ||||
| Net Profit Margin | 35.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Sarika Mercantile Private Limited, buy the company report.
Board of directors of Sarika Mercantile Private Limited
Sarika Mercantile has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neel Kumar Jain | Director | 11 Nov 2019 | 6 Years 11 Months | As last reported |
| Nina Ranka Also directs: Veenapani Advisory Services LLP, Kanika Ranka Studios LLP, Goldsmith Vinimay LLP and 5 more | Director | 11 Nov 2019 | 6 Years 11 Months | As last reported |
Peer comparison
Sarika Mercantile Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sansudha Securities Private Limited | ₹40 Lakh (FY 2025) | -23.0% | Kolkata, West Bengal, India | |||
| Jothi Linga Nidhi Limited | ₹39.99 Lakh (FY 2022) | 475.0% | Rameswaram, Tamil Nadu, India | |||
| Vandana Commercials Pvt Ltd | ₹39.97 Lakh (FY 2024) | 7.0% | Kolkata, West Bengal, India | |||
| Thrikkakara Nidhi Limited | ₹39.93 Lakh (FY 2025) | -57.0% | Thrissur, Kerala, India | |||
| Kasturi Power Products Private Limited | ₹39.9 Lakh (FY 2017) | 462.0% | Kolkata, West Bengal, India | |||
| Sarika Mercantile Private Limitedthis company | ₹39.89 Lakh (FY 2022) | ₹14.08 Lakh | 35.3% | -80.0% | Mumbai, Maharashtra, India | |
| Shanmukha Nidhi Limited | ₹39.88 Lakh (FY 2025) | -37.0% | Sirsilla, Telangana, India | |||
| Ibfc Micro Services Association | ₹39.84 Lakh (FY 2024) | 247.0% | New Delhi, Delhi, India | |||
| Yes World Forex Private Limited | ₹39.82 Lakh (FY 2025) | -9.0% | Chennai, Tamil Nadu, India | |||
| Gomini Chit Funds Private Limited | ₹39.81 Lakh (FY 2024) | -10.0% | Kodada Town, Telangana, India | |||
| Ark Neo Financial Services Private Limited | ₹39.81 Lakh (FY 2025) | 20.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Sarika Mercantile Private Limited, buy the company report.
Auditor
Sarika Mercantile Private Limited is audited by HIREN BUCH ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HIREN BUCH ASSOCIATES | FY 2017 | 116131W |
Shareholding
The shareholding of Sarika Mercantile 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 Sarika Mercantile Private Limited, buy the company report.
Legal cases
Sarika Mercantile Private Limited has 2 court cases on record: 2 filed by Sarika Mercantile. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Sarika Mercantile 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 Sarika Mercantile 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 Sarika Mercantile Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sarika Mercantile Private Limited has 8 board changes on record since 2011: 2 appointments and 6 cessations. The latest: Harisingh Ranka ceased to be Director on 12 Nov 2019.
Frequently asked questions
Sarika Mercantile has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Sarika Mercantile was a private limited company based in Mumbai, Maharashtra, India. The company worked in financial activities, within the financial services industry. It was incorporated on 18 October 2010 and is registered under CIN U51909MH2010PTC209133. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Sarika Mercantile was incorporated on 18 October 2010. It is registered with the Registrar of Companies, Mumbai.
Sarika Mercantile had 2 directors:
- Neel Kumar Jain - Director
- Nina Ranka - Director
The CIN (Corporate Identification Number) of Sarika Mercantile is U51909MH2010PTC209133. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Sarika Mercantile is at 309 Pioneer Industrial Estate Subhash Road Jogeshwari East, Mumbai, Maharashtra, India – 400060.
The latest financial statements of Sarika Mercantile on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
Sarika Mercantile operated in the financial services industry, in the financial activities segment.
The peers of Sarika Mercantile by revenue are Sansudha Securities Private Limited, Jothi Linga Nidhi Limited, Vandana Commercials Pvt Ltd, Thrikkakara Nidhi Limited, Kasturi Power Products Private Limited and 5 more, all in the same principal business activity (other financial activities).
Sarika Mercantile has 2 court cases on record: 2 filed by the company.
Harisingh Ranka ceased to be Director on 12 Nov 2019. Meenakumar Harisingh Ranka ceased to be Director on 12 Nov 2019. Neel Kumar Jain was appointed as Director on 11 Nov 2019. Sarika Mercantile has 8 board changes on record in total.
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