Starrise Mercantile Private Limited
About Starrise Mercantile Private Limited
Data last updated:
Starrise Mercantile Private Limited was a private limited company based in Ichalkaranji, 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 specialised services segment of the trading and commerce sector. It was incorporated on 23 December 2010.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U51909PN2010PTC172990.
The company had an authorised share capital of ₹3 Lakh and a paid-up capital of ₹2.6 Lakh. It was led by directors Sumitkumar Shyamsunder Modi and Sudhir Kumar Modi.
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 was at G No. 600 Cs No. 11134/35/36 H. No. 10/209/1 Behind Radhakrishna Talkies, Ichalkaranji, Maharashtra, India – 416115.
As per the financials filed for FY 2024, the company reported a revenue of ₹132.57 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹3.06 Cr (net margin 2.3%) and EBITDA of ₹5.79 Cr (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 7% over five years.
Its group structure included 1 subsidiary.
Company details
CIN history
Starrise Mercantile has one previous CIN (Corporate Identification Number): U51909WB2010PTC156124. The current CIN is U51909PN2010PTC172990, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909PN2010PTC172990 | Current |
| U51909WB2010PTC156124 | Previous |
Contact details
Starrise Mercantile Private Limited's registered office is in Ichalkaranji, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressG No. 600 Cs No. 11134/35/36 H. No. 10/209/1 Behind Radhakrishna Talkies, Ichalkaranji, Maharashtra, India – 416115
- IndustryTrading, Specialty, Wholesale
To see the full contact details of Starrise 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 Starrise Mercantile is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Starrise Mercantile Private Limited, buy the company report.
Financials of Starrise Mercantile Private Limited
FY 2024 filings availableStarrise Mercantile Private Limited reported revenue of ₹132.57 Cr (down 24% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 2% 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 | ₹5.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.06 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 | 4.4% | ||||
| Net Profit Margin | 2.3% | ||||
| 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 Starrise Mercantile Private Limited, buy the company report.
Board of directors of Starrise Mercantile Private Limited
Starrise Mercantile has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumitkumar Shyamsunder Modi | Director | 01 Jul 2015 | 11 Years 4 Months | As last reported |
| Sudhir Kumar Modi Also directs: Mangaldham Spinners Private Limited, Mangaldham Tex Fab Private Limited, Modimahalaxmi Sizing Private Limited and 1 more | Director | 01 Jul 2015 | 11 Years 4 Months | As last reported |
Auditor
Starrise Mercantile Private Limited is audited by Suresh R. Jajoo and Co. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Suresh R. Jajoo and Co. | FY 2016 |
Shareholding
The shareholding of Starrise 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 Starrise Mercantile Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Starrise Mercantile Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Starrise Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Starrise Mercantile has 1 subsidiary company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Mangaldham Tex Fab Private Limited | U51909WB2010PTC156192 |
To see the full group structure of Starrise Mercantile Private Limited, buy the company report.
GST
No GST registration is on our record for Starrise Mercantile Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Starrise Mercantile Private Limited has 10 board changes on record since 2011: 2 appointments and 8 cessations. The latest: Shyam Lal Goenka ceased to be Director on 20 Feb 2016.
1 earlier event is in the company report.
Frequently asked questions
Starrise 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.
Starrise Mercantile was a private limited company based in Ichalkaranji, Maharashtra, India. The company worked in specialty, within the trading industry. It was incorporated on 23 December 2010 and is registered under CIN U51909PN2010PTC172990. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Starrise Mercantile was incorporated on 23 December 2010. It is registered with the Registrar of Companies, Pune.
Starrise Mercantile had 2 directors:
- Sumitkumar Shyamsunder Modi - Director
- Sudhir Kumar Modi - Director
The CIN (Corporate Identification Number) of Starrise Mercantile is U51909PN2010PTC172990. 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 Starrise Mercantile is at G No. 600 Cs No. 111343536 H. No. 102091 Behind Radhakrishna Talkies, Ichalkaranji, Maharashtra, India – 416115.
The latest financial statements of Starrise Mercantile 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.
Starrise Mercantile operated in the trading industry, in the specialty segment.
Shyam Lal Goenka ceased to be Director on 20 Feb 2016. Sudhir Kumar Modi ceased to be Additional Director on 30 Sep 2015. Sumitkumar Shyamsunder Modi ceased to be Additional Director on 30 Sep 2015. Starrise Mercantile has 10 board changes on record in total.
The compliance status of Starrise Mercantile is compliant as of 13 July 2026.
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.
