Thames Mercantile Private Limited
About Thames Mercantile Private Limited
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Thames Mercantile Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 01 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ2019PTC107378. Its GSTIN is 24AAHCT2563M1Z1 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Rahul Sharma and Jagveer Gurjar.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Office 501 Rajratna Diamond Palace Mahidharpura. H. No. 6/1971 72., Surat, Gujarat, India – 395003.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.85 Lakh. For the same year it recorded a net profit of ₹9,543 (net margin 1.2%) and EBITDA of ₹40,180 (EBITDA margin 5.1%). Revenue has declined at a compounded annual rate (CAGR) of 89% over three years.
Company details
Contact details
Thames Mercantile Private Limited's registered office is in Surat, Gujarat.
- Registered AddressOffice 501 Rajratna Diamond Palace Mahidharpura. H. No. 6/1971 72., Surat, Gujarat, India – 395003
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
- 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 Thames 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 Thames Mercantile Private Limited, buy the company report.
Financials of Thames Mercantile Private Limited
FY 2023 filings availableThames Mercantile Private Limited reported revenue of ₹7.85 Lakh for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 89% over three years. EBITDA rose 270% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹40,180 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹9,543 | |||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 5.1% | |||
| Net Profit Margin | 1.2% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Thames Mercantile Private Limited, buy the company report.
Board of directors of Thames Mercantile Private Limited
Thames Mercantile has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Sharma | Director | 05 Sep 2023 | 3 Years 2 Months | Current |
| Jagveer Gurjar | Director | 05 Sep 2023 | 3 Years 2 Months | Current |
Peer comparison
Thames Mercantile Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with 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 |
|---|---|---|---|---|---|---|
| Ranson Jewels Private Limited | ₹7.85 Lakh (FY 2025) | -84.0% | Jaipur, Rajasthan, India | |||
| Thames Mercantile Private Limitedthis company | ₹7.85 Lakh (FY 2023) | ₹9,543 | 1.2% | Surat, Gujarat, India | ||
| Cubic Gems Private Limited | ₹7.66 Lakh (FY 2019) | 4.0% | Jaipur, Rajasthan, India | |||
| Punam Gem & Jewellery Pvt Ltd | ₹7.64 Lakh (FY 2025) | 12.0% | Kolkata, West Bengal, India | |||
| DSS Gold Private Limited | ₹7.61 Lakh (FY 2020) | Hyderabad, Telangana, India |
To see the full peer comparison of Thames Mercantile Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Thames 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 Thames Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Thames Mercantile has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCT2563M1Z1 | Gujarat | Active | 04 Jun 2019 |
To see the full GST registrations and return filing status of Thames Mercantile Private Limited, buy the company report.
Recent activity
Thames Mercantile Private Limited has 5 board changes on record since 2022: 2 appointments and 3 cessations. The latest: Dharmveer Soni ceased to be Director on 05 Sep 2023.
Frequently asked questions
Thames Mercantile is an active private limited company based in Surat, Gujarat, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 01 April 2019 (7+ years old) and is registered under CIN U51909GJ2019PTC107378.
Thames Mercantile has 2 current directors:
- Rahul Sharma - Director
- Jagveer Gurjar - Director
The latest financial statements of Thames Mercantile on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Thames Mercantile is 24AAHCT2563M1Z1, registered in Gujarat.
The CIN (Corporate Identification Number) of Thames Mercantile is U51909GJ2019PTC107378. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thames Mercantile was incorporated on 01 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Thames Mercantile by revenue are Ranson Jewels Private Limited, Cubic Gems Private Limited, Punam Gem & Jewellery Pvt Ltd, DSS Gold Private Limited, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (wholesale trading).
Dharmveer Soni ceased to be Director on 05 Sep 2023. Jagveer Gurjar was appointed as Director on 05 Sep 2023. Netra Pal ceased to be Director on 05 Sep 2023. Thames Mercantile has 5 board changes on record in total.
The registered office of Thames Mercantile is at Office 501 Rajratna Diamond Palace Mahidharpura. H. No. 61971 72., Surat, Gujarat, India – 395003.
Thames Mercantile operates in the consumer goods industry, in the watches and jewelry manufacturing segment.
Thames Mercantile can be reached at its registered office: Office 501 Rajratna Diamond Palace Mahidharpura. H. No. 61971 72, Surat, Gujarat, India – 395003.
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