Thar Merchants Private Limited
About Thar Merchants Private Limited
Data last updated:
Thar Merchants Private Limited is a private limited company based in Bikaner, Rajasthan, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 03 February 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U52190RJ2005PTC020239. Its GSTIN is 08AACCT2601D1ZW (Rajasthan). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹58.4 Lakh. It is led by directors Hasan Ali Theim and Mohammed Ali.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Police Choki Ke Pass Main Road Rampura Basti Lal Garh, Bikaner, Rajasthan, India – 334004.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.31 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹6.32 Lakh (net margin -1.2%) and EBITDA of -₹4.03 Lakh (EBITDA margin -0.8%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years and 23% over five years.
As per MCA filings, the company has open charges of ₹7.5 Cr and satisfied charges of ₹40 Lakh on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Thar Merchants Private Limited's registered office is in Bikaner, Rajasthan. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPolice Choki Ke Pass Main Road Rampura Basti Lal Garh, Bikaner, Rajasthan, India – 334004
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Thar 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
Business activity
The main business activity of Thar Merchants 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 Thar Merchants Private Limited, buy the company report.
Financials of Thar Merchants Private Limited
FY 2025 filings availableThar Merchants Private Limited reported revenue of ₹5.31 Cr (down 28% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 28% fall in the latest year. EBITDA fell 205% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹4.03 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.32 Lakh | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.8% | ||||
| Net Profit Margin | -1.2% | ||||
| 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 Thar Merchants Private Limited, buy the company report.
Board of directors of Thar Merchants Private Limited
Thar Merchants has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hasan Ali Theim | Director | 03 Feb 2005 | 21 Years 9 Months | Current |
| Mohammed Ali | Director | 03 Feb 2005 | 21 Years 9 Months | Current |
Peer comparison
Thar Merchants Private Limited is compared with the 4 companies closest to it by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution), 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 |
|---|---|---|---|---|---|---|
| Alliance Exmart Private Limited | ₹5.33 Cr (FY 2024) | 21733.0% | Rajkot, Gujarat, India | |||
| Kratos Foods Private Limited | ₹5.33 Cr (FY 2021) | 34.0% | Ahmedabad, Gujarat, India | |||
| Shaw Bros (Wine) Pvt Ltd | ₹5.32 Cr (FY 2025) | -14.0% | Kolkata, West Bengal, India | |||
| Thar Merchants Private Limitedthis company | ₹5.31 Cr (FY 2025) | -₹6.32 Lakh | -1.2% | -28.0% | Bikaner, Rajasthan, India | |
| Double Hiran Oils Private Limited | ₹5.31 Cr (FY 2024) | -25.0% | Uttar Pradesh, India |
To see the full peer comparison of Thar Merchants Private Limited, buy the company report.
Auditor
Thar Merchants Private Limited is audited by ASHOK SHIV GUPTA AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHOK SHIV GUPTA AND CO | FY 2023 | 017049N |
Shareholding
The shareholding of Thar Merchants Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Thar Merchants Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Apr 2010 | 10219746 | Hdfc Bank Limited | ₹7.5 Cr | Open | |
| 29 Mar 2008 | 10103150 | Punjab National Bank | ₹40 Lakh | Satisfied |
To see the full charge records of Thar Merchants Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Thar Merchants Private Limited has 5 court cases on record: 4 filed by Thar Merchants, 1 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Rajasthan | Interim or miscellaneous application | Filed by the company against State of Rajasthan | Pending |
| High Court of Rajasthan | Writ petition | Filed by the company against State of Rajasthan | Disposed |
| High Court of Rajasthan | Interim or miscellaneous application | Filed by the company against State of Rajasthan | Disposed |
| District court, Churu, Rajasthan | Criminal case | Filed against the company by State | Disposed |
To see the full case history of Thar Merchants 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 Thar Merchants Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Thar Merchants has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AACCT2601D1ZW | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thar Merchants Private Limited, buy the company report.
Recent activity
Thar Merchants Private Limited has 2 board changes on record since 2005: 2 appointments. The latest: Hasan Ali Theim was appointed as Director on 03 Feb 2005.
Frequently asked questions
Thar Merchants is an active private limited company based in Bikaner, Rajasthan, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 03 February 2005 (21+ years old) and is registered under CIN U52190RJ2005PTC020239.
Thar Merchants has 2 current directors:
- Hasan Ali Theim - Director
- Mohammed Ali - Director
The latest financial statements of Thar Merchants on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Thar Merchants is 08AACCT2601D1ZW, registered in Rajasthan. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Thar Merchants is U52190RJ2005PTC020239. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thar Merchants has 5 court cases on record: 4 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Thar Merchants was incorporated on 03 February 2005, making it 21+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Thar Merchants by revenue are Alliance Exmart Private Limited, Kratos Foods Private Limited, Shaw Bros (Wine) Pvt Ltd, Double Hiran Oils Private Limited, all in the Food and Beverages industry (Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading).
Hasan Ali Theim was appointed as Director on 03 Feb 2005. Mohammed Ali was appointed as Director on 03 Feb 2005.
The registered office of Thar Merchants is at Police Choki Ke Pass Main Road Rampura Basti Lal Garh, Bikaner, Rajasthan, India – 334004.
Thar Merchants operates in the food and beverages industry, in the food and beverage retail and distribution segment.
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.
