Starrise Merchants Private Limited
About Starrise Merchants Private Limited
Data last updated:
Starrise Merchants Private Limited was a private limited company based in Kolkata, West Bengal, 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 brokerage and trading services segment of the financial services sector. It was incorporated on 30 April 2011.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB2011PTC162168.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Madhu Loiwal and Sanjay Kumar Loiwal.
Its last annual general meeting (AGM) was held on 01 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at E – 2/2 Gillander House 8 Netaji Subhas Road, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.84 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹13.63 Cr (net margin 76.4%) and EBITDA of ₹17.47 Cr (EBITDA margin 98%). Revenue has grown at a compounded annual rate (CAGR) of 337% over three years and 144% over five years.
Company details
Contact details
Starrise Merchants Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered AddressE – 2/2 Gillander House 8 Netaji Subhas Road, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Starrise 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
Financials of Starrise Merchants Private Limited
FY 2024 filings availableStarrise Merchants Private Limited reported revenue of ₹17.84 Cr (up 165120% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 144% over five years. 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 | ₹17.47 Cr | ||||
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| Net Profit (PAT) | ₹13.63 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 98% | ||||
| Net Profit Margin | 76.4% | ||||
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To see the full financial statements and ratios of Starrise Merchants Private Limited, buy the company report.
Board of directors of Starrise Merchants Private Limited
Starrise Merchants has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhu Loiwal Also directs: Loiwal Commercial Pvt.Ltd. | Director | 20 Jul 2011 | 15 Years 3 Months | As last reported |
| Sanjay Kumar Loiwal Also directs: Long Range Commercial Pvt Ltd, Loiwal Commercial Pvt.Ltd., Lodha Capital Markets Ltd and 1 more | Director | 20 Jul 2011 | 15 Years 3 Months | As last reported |
Peer comparison
Starrise Merchants Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Broking Services), with 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 |
|---|---|---|---|---|---|---|
| Equinox Capital Venture Private Limited | ₹17.94 Cr (FY 2025) | 32.0% | Delhi, India | |||
| Agrahar Securities Private Limited | ₹17.86 Cr (FY 2025) | -26.0% | Bangalore, Karnataka, India | |||
| Starrise Merchants Private Limitedthis company | ₹17.84 Cr (FY 2024) | ₹13.63 Cr | 76.4% | 165120.0% | Kolkata, West Bengal, India | |
| Firstock Broking Private Limited | ₹17.78 Cr (FY 2025) | -8.0% | Bangalore, Karnataka, India | |||
| Bhala Operations Private Limited | ₹17.75 Cr (FY 2025) | -12.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Starrise Merchants Private Limited, buy the company report.
Auditor
Starrise Merchants Private Limited is audited by A D R & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A D R & ASSOCIATES | FY 2018 | 325092E |
Shareholding
The shareholding of Starrise Merchants Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Starrise Merchants Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Starrise Merchants 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 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 Starrise Merchants Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Starrise Merchants Private Limited has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Bharat Ratna Jhunjhunwala ceased to be Director on 20 Jul 2011.
Frequently asked questions
Starrise Merchants 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 Merchants was a private limited company based in Kolkata, West Bengal, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 30 April 2011 and is registered under CIN U51909WB2011PTC162168. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Starrise Merchants was incorporated on 30 April 2011. It is registered with the Registrar of Companies, Kolkata.
Starrise Merchants had 2 directors:
- Madhu Loiwal - Director
- Sanjay Kumar Loiwal - Director
The CIN (Corporate Identification Number) of Starrise Merchants is U51909WB2011PTC162168. 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 Merchants is at E – 22 Gillander House 8 Netaji Subhas Road, Kolkata, West Bengal, India – 700001.
The latest financial statements of Starrise Merchants on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 01 August 2024. Year-wise statements from 2015 are in the company report.
Starrise Merchants operated in the financial services industry, in the brokerage and trading services segment.
The peers of Starrise Merchants by revenue are Equinox Capital Venture Private Limited, Agrahar Securities Private Limited, Firstock Broking Private Limited, Bhala Operations Private Limited, all in the BFSI industry (Broking Services), with the same principal business activity (other financial activities).
Bharat Ratna Jhunjhunwala ceased to be Director on 20 Jul 2011. Dhruv Jhunjhunwala ceased to be Director on 20 Jul 2011. Madhu Loiwal was appointed as Director on 20 Jul 2011. Starrise Merchants has 4 board changes on record in total.
The compliance status of Starrise Merchants is compliant as of 05 August 2026.
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