True Mercantile Pvt Ltd
About True Mercantile Pvt Ltd
Data last updated:
True Mercantile Pvt Ltd is a private limited company based in Howrah, West Bengal, India, a subsidiary of Kundan Goods Private Limited. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 03 July 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51109WB1990PTC049364.
The company has an authorised share capital of ₹3.32 Cr and a paid-up capital of ₹3.29 Cr. It is led by directors Deepak Narsing Phunde and Usha Lahudas Gutte.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Howrah, West Bengal.
As per the financials filed for FY 2021, the company reported a revenue of ₹14.04 Lakh, a decline of 62% compared to the previous year. For the same year it recorded a net profit of ₹93,130 (net margin 6.6%) and EBITDA of ₹1.4 Lakh (EBITDA margin 10%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years and 3% over five years.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
True Mercantile Pvt Ltd's registered office is in Howrah, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/O Avishek Agarwal Forshore Road Phase – 5 Block – 1 Fla, T No.1B, Howrah, West Bengal, India – 711102
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of True Mercantile Pvt Ltd, 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
Financials of True Mercantile Pvt Ltd
FY 2021 filings availableTrue Mercantile Pvt Ltd reported revenue of ₹14.04 Lakh (down 62% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 62% fall in the latest year. EBITDA fell 89% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | ₹1.4 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹93,130 | ||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10% | ||||
| Net Profit Margin | 6.6% | ||||
| 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 True Mercantile Pvt Ltd, buy the company report.
Board of directors of True Mercantile Pvt Ltd
True 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 |
|---|---|---|---|---|
| Deepak Narsing Phunde | Director | 12 Jun 2008 | 18 Years 5 Months | Current |
| Usha Lahudas Gutte | Director | 12 Jun 2008 | 18 Years 5 Months | Current |
Peer comparison
True Mercantile Pvt Ltd is compared with the 6 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Viridian Capital and Financial Services Private Limited | ₹14.1 Lakh (FY 2024) | 34.0% | New Delhi, Delhi, India | |||
| Well Fin Securities Limited | ₹14.09 Lakh (FY 2019) | 23.0% | Ahmedabad, Gujarat, India | |||
| Columbia Trading Co Ltd | ₹14.09 Lakh (FY 2025) | 213.0% | Delhi, India | |||
| Ontrack Vyapaar Pvt Ltd | ₹14.08 Lakh (FY 2024) | 26.0% | Siliguri, West Bengal, India | |||
| True Mercantile Pvt Ltdthis company | ₹14.04 Lakh (FY 2021) | ₹93,130 | 6.6% | -62.0% | Howrah, West Bengal, India | |
| Om Motor Finance Pvt Ltd | ₹14.02 Lakh (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Prakash Cresec Pvt. Ltd. | ₹14.01 Lakh (FY 2025) | 22.0% | Kolkata, West Bengal, India |
To see the full peer comparison of True Mercantile Pvt Ltd, buy the company report.
Auditor
True Mercantile Pvt Ltd is audited by P.D. RUNGTA & CO. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.D. RUNGTA & CO. | FY 2016 | 0001150C |
Shareholding
The shareholding of True Mercantile Pvt Ltd is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of True Mercantile Pvt Ltd, buy the company report.
Legal cases
No court or tribunal cases involving True Mercantile Pvt Ltd 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 True Mercantile Pvt Ltd; 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 True Mercantile Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
True Mercantile Pvt Ltd has 5 board changes on record since 2008: 2 appointments and 3 cessations. The latest: Sunil Ratnakar Gutte ceased to be Additional Director on 15 Feb 2017.
Frequently asked questions
True Mercantile is an active private limited company based in Howrah, West Bengal, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 03 July 1990 (36+ years old) and is registered under CIN U51109WB1990PTC049364.
True Mercantile has 2 current directors:
- Deepak Narsing Phunde - Director
- Usha Lahudas Gutte - Director
The latest financial statements of True Mercantile on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of True Mercantile is U51109WB1990PTC049364. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True Mercantile was incorporated on 03 July 1990, making it 36+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of True Mercantile by revenue are Viridian Capital and Financial Services Private Limited, Well Fin Securities Limited, Columbia Trading Co Ltd, Ontrack Vyapaar Pvt Ltd, Om Motor Finance Pvt Ltd and 1 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Sunil Ratnakar Gutte ceased to be Additional Director on 15 Feb 2017. Kamla Shanker Pandey ceased to be Director on 15 Jan 2010. Prabir Banerjee ceased to be Director on 01 Aug 2008. True Mercantile has 5 board changes on record in total.
The registered office of True Mercantile is at CO Avishek Agarwal Forshore Road Phase – 5 Block – 1 Fla, T No.1B, Howrah, West Bengal, India – 711102.
True Mercantile operates in the financial services industry, in the investment and credit nbfc segment.
The compliance status of True Mercantile is active non-compliant as of 11 July 2026. The company is actively filing with the Registrar of Companies.
True Mercantile can be reached at its registered office: CO Avishek Agarwal Forshore Road Phase – 5 Block – 1 Fla, T No.1B, Howrah, West Bengal, India – 711102.
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.
