Thirdwave Mercantile Company Private Limited
About Thirdwave Mercantile Company Private Limited
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Thirdwave Mercantile Company Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Systematix Holdings Private Limited. It operates in the real estate leasing and property management segment of the real estate sector. It was incorporated on 19 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2004PTC144060. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Anju Khandelwal and Nikhil Khandelwal.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.43 Lakh, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹86.74 Lakh (net margin -497.6%) and EBITDA of -₹8.27 Lakh (EBITDA margin -47.4%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 9% over five years.
As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Thirdwave Mercantile Company Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressThecapital Awing 6 Thfloor No.603 – 606 Plotno.C – 70 G – Block Bandrakurlacomplex B, Andra East, Mumbai, Maharashtra, India – 400051
- IndustryReal Estate, Real Estate Leasing
To see the full contact details of Thirdwave Mercantile Company 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 Thirdwave Mercantile Company is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Thirdwave Mercantile Company Private Limited, buy the company report.
Financials of Thirdwave Mercantile Company Private Limited
FY 2025 filings availableThirdwave Mercantile Company Private Limited reported revenue of ₹17.43 Lakh (up 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 13% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 9%. EBITDA rose 96% 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 |
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| EBITDA | -₹8.27 Lakh | ||||
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| Net Profit (PAT) | -₹86.74 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -47.4% | ||||
| Net Profit Margin | -497.6% | ||||
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To see the full financial statements and ratios of Thirdwave Mercantile Company Private Limited, buy the company report.
Board of directors of Thirdwave Mercantile Company Private Limited
Thirdwave Mercantile Company has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anju Khandelwal | Director | 12 Mar 2004 | 22 Years 7 Months | Current |
| Nikhil Khandelwal Also directs: Divisha Real Estate Advisors LLP, Systematix Commodities Services Private Limited, Swaraj Appartments P Ltd and 5 more | Director | 13 Jun 2022 | 4 Years 4 Months | Current |
| Chandra Prakash Khandelwal Also directs: Divisha Real Estate Advisors LLP, Divisha Developers LLP, Systematix Commodities Services Private Limited and 5 more | Director | 12 Mar 2004 | 22 Years 7 Months | Current |
Auditor
Thirdwave Mercantile Company Private Limited is audited by Banshi Jain & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Banshi Jain & Associates | FY 2023 | 100990W |
Shareholding
The shareholding of Thirdwave Mercantile Company 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Thirdwave Mercantile Company Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Dec 2025 | 101200019 | Others | ₹5 Cr | Open | |
| 22 Aug 2024 | 100975003 | Others | ₹15 Cr | Open | |
| 17 Oct 2024 | 100998159 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Thirdwave Mercantile Company Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Thirdwave Mercantile Company 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 Thirdwave Mercantile Company Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Thirdwave Mercantile Company has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Thirdwave Mercantile Company Private Limited, buy the company report.
Recent activity
Thirdwave Mercantile Company Private Limited has 5 board changes on record since 2004: 3 appointments and 2 cessations. The latest: Nikhil Khandelwal ceased to be Additional Director on 30 Sep 2022.
Frequently asked questions
Thirdwave Mercantile Company is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate leasing, within the real estate industry. It was incorporated on 19 January 2004 (22+ years old) and is registered under CIN U51909MH2004PTC144060.
Thirdwave Mercantile Company has 3 current directors:
- Anju Khandelwal - Director
- Nikhil Khandelwal - Director
- Chandra Prakash Khandelwal - Director
The latest financial statements of Thirdwave Mercantile Company 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.
No. Thirdwave Mercantile Company has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Thirdwave Mercantile Company is U51909MH2004PTC144060. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thirdwave Mercantile Company was incorporated on 19 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Nikhil Khandelwal ceased to be Additional Director on 30 Sep 2022. Nikhil Khandelwal was appointed as Director on 13 Jun 2022. Geetha Devi Khandelwal ceased to be Director on 01 May 2013. Thirdwave Mercantile Company has 5 board changes on record in total.
The registered office of Thirdwave Mercantile Company is at Thecapital Awing 6 Thfloor No.603 – 606 Plotno.C – 70 G – Block Bandrakurlacomplex B, Andra East, Mumbai, Maharashtra, India – 400051.
Thirdwave Mercantile Company operates in the real estate industry, in the real estate leasing segment.
Thirdwave Mercantile Company has open charges of ₹20 Cr and satisfied charges of ₹5 Cr as per latest MCA filings.