Tanika Mercantile Private Limited
About Tanika Mercantile Private Limited
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Tanika Mercantile Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the retail trade segment of the home appliances and consumer durables sector. It was incorporated on 08 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52190MH2010PTC203893.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Siddappa Kistappa Nayak and Veenu Devidas Chougule.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Shop 11/74 Vasant Height Chs Ltd Shanti Park Opp Poonam Compex Mira Road Thane, Maharashtra, India – 401107.
As per the financials filed for FY 2017, the company reported a revenue of ₹56.24 Lakh, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹17.45 Lakh (net margin -31%) and EBITDA of -₹17.41 Lakh (EBITDA margin -31%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Tanika Mercantile Private Limited's registered office is in Thane, Maharashtra.
- Registered AddressShop 11/74 Vasant Height Chs Ltd Shanti Park Opp Poonam Compex Mira Road Thane, Maharashtra, India – 401107
- IndustryHome Appliances, Retailers, Non Specialized Stores
- 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 Tanika Mercantile is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Tanika Mercantile Private Limited, buy the company report.
Financials of Tanika Mercantile Private Limited
FY 2017 filings availableTanika Mercantile Private Limited reported revenue of ₹56.24 Lakh (down 89% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 59% over three years, including a 89% fall 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 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹17.41 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹17.45 Lakh | ||
| Balance Sheet | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -31% | ||
| Net Profit Margin | -31% | ||
| Return on Equity (ROE) | |||
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| Return on Assets (ROA) | |||
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To see the full financial statements and ratios of Tanika Mercantile Private Limited, buy the company report.
Board of directors of Tanika Mercantile Private Limited
Tanika Mercantile has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddappa Kistappa Nayak | Additional Director | 01 Oct 2014 | 12 Years 1 Months | Current |
| Veenu Devidas Chougule Also directs: Aadhaar Ventures India Limited | Additional Director | 03 Jan 2017 | 9 Years 10 Months | Current |
Peer comparison
Tanika Mercantile Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Titanium Coretech Private Limited | ₹56.28 Lakh (FY 2023) | 1531.0% | New Delhi, Delhi, India | |||
| Banaas Industries Private Limited | ₹56.26 Lakh (FY 2025) | 1125094.0% | Banaskhanta, Gujarat, India | |||
| Balanced Foods Private Limited | ₹56.26 Lakh (FY 2024) | -13.0% | Lonavala, Maharashtra, India | |||
| Hertz Medical Equipments Pvt Ltd | ₹56.25 Lakh (FY 2018) | 63.0% | Kolkata, West Bengal, India | |||
| Priyambada Enterprises Private Limited | ₹56.24 Lakh (FY 2024) | -21.0% | Badachana, Odisha, India | |||
| Tanika Mercantile Private Limitedthis company | ₹56.24 Lakh (FY 2017) | -₹17.45 Lakh | -31% | -89.0% | Thane, Maharashtra, India | |
| Ekrattna Furnitures Private Limited | ₹56.23 Lakh (FY 2025) | 19.0% | Pune, Maharashtra, India | |||
| Inoday Textile Private Limited | ₹56.23 Lakh (FY 2024) | -19.0% | Gurgaon, Haryana, India | |||
| Aurelio Pharmaceutical Private Limited | ₹56.23 Lakh (FY 2024) | 103.0% | Village Raipur Kalan, Chandigarh, India | |||
| Bidyut Shilpa Ltd | ₹56.23 Lakh (FY 2024) | -12.0% | Kolkata, West Bengal, India | |||
| R Fashion House Private Limited | ₹56.22 Lakh (FY 2025) | 72.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of Tanika Mercantile Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Tanika 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 Tanika 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 Tanika Mercantile Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Tanika Mercantile Private Limited has 12 board changes on record since 2010: 7 appointments and 5 cessations. The latest: Sunil Shantaram Sukum ceased to be Additional Director on 03 Jan 2017.
3 earlier events are in the company report.
Frequently asked questions
Tanika Mercantile is an active private limited company based in Thane, Maharashtra, India. The company works in retailers, within the home appliances industry. It was incorporated on 08 June 2010 (16+ years old) and is registered under CIN U52190MH2010PTC203893.
Tanika Mercantile has 2 current directors:
- Siddappa Kistappa Nayak - Additional Director
- Veenu Devidas Chougule - Additional Director
The latest financial statements of Tanika Mercantile on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Tanika Mercantile is U52190MH2010PTC203893. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tanika Mercantile was incorporated on 08 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Tanika Mercantile by revenue are Titanium Coretech Private Limited, Banaas Industries Private Limited, Balanced Foods Private Limited, Hertz Medical Equipments Pvt Ltd, Priyambada Enterprises Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Sunil Shantaram Sukum ceased to be Additional Director on 03 Jan 2017. Veenu Devidas Chougule was appointed as Additional Director on 03 Jan 2017. Hansaben Mulji Boricha ceased to be Director on 05 Jan 2016. Tanika Mercantile has 12 board changes on record in total.
The registered office of Tanika Mercantile is at Shop 1174 Vasant Height Chs Ltd Shanti Park Opp Poonam Compex Mira Road Thane, Maharashtra, India – 401107.
Tanika Mercantile operates in the home appliances industry, in the retailers segment.
The compliance status of Tanika Mercantile is active non-compliant as of 12 September 2026. The company is actively filing with the Registrar of Companies.
Tanika Mercantile can be reached at its registered office: Shop 1174 Vasant Height Chs Ltd Shanti Park Opp Poonam Compex Mira Road Thane, Maharashtra, India – 401107.
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