About TLS Mercantile Private Limited
Data last updated:
TLS Mercantile Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the staple foods and grains segment of the food and beverages sector. It was incorporated on 05 December 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U15490MP2013PTC031902. Its GSTIN is 23AAECT8411D1ZQ (Madhya Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Abhishek Lunawat (Whole-Time Director) and Sourabh Jain (Whole-Time Director).
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 213 Pukhraj Corporate Opposite Navlakha Bus Stand, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2024, the company reported a revenue of ₹99.3 Cr, a growth of 134% compared to the previous year. For the same year it recorded a net profit of ₹23.06 Lakh (net margin 0.2%) and EBITDA of ₹80.72 Lakh (EBITDA margin 0.8%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 21% over five years.
As per MCA filings, the company has open charges of ₹2 Cr and satisfied charges of ₹95 Lakh on record. Court records list 4 cases involving the company, including 4 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tlsmpl.com.
Company details
Contact details
TLS Mercantile Private Limited's registered office is in Indore, Madhya Pradesh. Its website is tlsmpl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address213 Pukhraj Corporate Opposite Navlakha Bus Stand, Indore, Madhya Pradesh, India – 452001
- IndustryFood and Beverages, Staple Foods & Grains, Spice Manufacturing & Distribution
To see the full contact details of TLS Mercantile 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 TLS Mercantile is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of TLS Mercantile Private Limited, buy the company report.
Financials of TLS Mercantile Private Limited
FY 2025 filings availableTLS Mercantile Private Limited reported revenue of ₹99.3 Cr (up 134% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 134% growth in the latest year. EBITDA rose 51% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹80.72 Lakh | ||||
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| Net Profit (PAT) | ₹23.06 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.8% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of TLS Mercantile Private Limited, buy the company report.
Board of directors of TLS Mercantile Private Limited
TLS Mercantile has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhash Chand Surana Also directs: Sky Buildcon Indore LLP, Easy Home Stay Private Limited | Director | 02 Sep 2014 | 12 Years 1 Months | Current |
| Ashok Kumar Lunawat Also directs: SKN Multitrade LLP | Director | 02 Sep 2014 | 12 Years 1 Months | Current |
| Abhishek Lunawat Also directs: SKN Multitrade LLP | Whole-Time Director | 05 Dec 2013 | 12 Years 10 Months | Current |
| Sourabh Jain Also directs: Parshva Infra Buildworks LLP | Whole-Time Director | 05 Dec 2013 | 12 Years 10 Months | Current |
Auditor
TLS Mercantile Private Limited is audited by ANKIT S AGRAWAL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANKIT S AGRAWAL & ASSOCIATES | FY 2023 | 021662C |
Shareholding
The shareholding of TLS Mercantile 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 TLS Mercantile Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2019 | 100309551 | Others | ₹2 Cr | Open | |
| 11 Mar 2015 | 10557370 | Others | ₹95 Lakh | Satisfied |
To see the full charge records of TLS Mercantile Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
TLS Mercantile Private Limited has 4 court cases on record: 4 filed by TLS Mercantile. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
| NCLAT | 2 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Indore, Madhya Pradesh | Court case (UN CIV) | Filed by the company against Amrut Chicks Private Limited | Pending |
| NCLAT, Court IV | Tribunal matter | Filed by the company against Akash Singhal Liquidator of Amira Pure Foods Private Limited & Anr and 1 other | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against Amira Pure Foods Private Limited and 1 other | Disposed |
| District court, Indore, Madhya Pradesh | Court case (RCS B) | Filed by the company against an individual | Disposed |
To see the full case history of TLS Mercantile 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 TLS Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
TLS Mercantile has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAECT8411D1ZQ | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of TLS Mercantile Private Limited, buy the company report.
Recent activity
TLS Mercantile Private Limited has 8 board changes on record since 2013: 6 appointments and 2 cessations. The latest: Sunil Challani ceased to be Additional Director on 15 Feb 2016.
4 earlier events are in the company report.
Frequently asked questions
TLS Mercantile is an active private limited company based in Indore, Madhya Pradesh, India. The company works in staple foods and grains, within the food and beverages industry. It was incorporated on 05 December 2013 (13+ years old) and is registered under CIN U15490MP2013PTC031902.
TLS Mercantile has 4 current directors:
- Abhishek Lunawat - Whole-Time Director
- Sourabh Jain - Whole-Time Director
- Subhash Chand Surana - Director
- Ashok Kumar Lunawat - Director
The latest financial statements of TLS Mercantile 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 TLS Mercantile is 23AAECT8411D1ZQ, registered in Madhya Pradesh. 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 TLS Mercantile is U15490MP2013PTC031902. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
TLS Mercantile has 4 court cases on record: 4 filed by the company. 1 is pending. Most are in the district courts.
TLS Mercantile was incorporated on 05 December 2013, making it 13+ years old. It is registered with the Registrar of Companies, Gwalior.
Sunil Challani ceased to be Additional Director on 15 Feb 2016. Sunil Challani was appointed as Additional Director on 23 Nov 2015. Ashok Kumar Lunawat was appointed as Director on 02 Sep 2014. TLS Mercantile has 8 board changes on record in total.
TLS Mercantile can be reached through the website tlsmpl.com. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of TLS Mercantile is at 213 Pukhraj Corporate Opposite Navlakha Bus Stand, Indore, Madhya Pradesh, India – 452001.
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