Truthful Mercantile Private Limited
About Truthful Mercantile Private Limited
Data last updated:
Truthful Mercantile Private Limited was a private limited company based in Kolkata, West Bengal, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the wholesale distribution segment of the trading and commerce sector. It was incorporated on 06 May 2010.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB2010PTC146799.
The company had an authorised share capital of ₹29 Lakh and a paid-up capital of ₹27.5 Lakh. It was led by directors Subir Mukherjee and Santosh Khaitan.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 15 Pratap Ghosh Lane, Kolkata, West Bengal, India – 700007.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.82 Lakh, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹2,255 (net margin 1.2%) and EBITDA of ₹3,045 (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 70% over five years.
Company details
Contact details
Truthful Mercantile Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address15 Pratap Ghosh Lane, Kolkata, West Bengal, India – 700007
- IndustryTrading, Other Wholesale, Wholesale
To see the full contact details of Truthful 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 Truthful 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 Truthful Mercantile Private Limited, buy the company report.
Financials of Truthful Mercantile Private Limited
FY 2021 filings availableTruthful Mercantile Private Limited reported revenue of ₹1.82 Lakh (down 11% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 70%. EBITDA rose 30% 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 |
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| EBITDA | ₹3,045 | ||||
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| Net Profit (PAT) | ₹2,255 | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | 1.7% | ||||
| Net Profit Margin | 1.2% | ||||
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To see the full financial statements and ratios of Truthful Mercantile Private Limited, buy the company report.
Board of directors of Truthful Mercantile Private Limited
Truthful Mercantile has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subir Mukherjee Also directs: Karunamoyee Food Products Private Limited, Vaibhav Devcon Private Limited, Aakarshak Commercial Private Limited and 5 more | Director | 27 Aug 2018 | 8 Years 2 Months | As last reported |
| Santosh Khaitan Also directs: Laxmidhan Dealer Private Limited, Manikaran Dealer Private Limited, Topstar Dealtrade Private Limited and 3 more | Director | 27 Aug 2018 | 8 Years 2 Months | As last reported |
Peer comparison
Truthful Mercantile Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Tart Foods Private Limited | ₹1.82 Lakh (FY 2022) | Pinjore, Haryana, India | ||||
| Sanjeevani Agri Product Private Limited | ₹1.82 Lakh (FY 2024) | 112.0% | Delhi, India | |||
| Indhan Trading Pvt Ltd | ₹1.82 Lakh (FY 2017) | -73.0% | Kolkata, West Bengal, India | |||
| Kutumb Manufacturers and Traders Private Limited | ₹1.82 Lakh (FY 2024) | 9.0% | Lucknow, Uttar Pradesh, India | |||
| Apnaalliance Marketing Private Limited | ₹1.82 Lakh (FY 2025) | -69.0% | Rohtas, Bihar, India | |||
| Truthful Mercantile Private Limitedthis company | ₹1.82 Lakh (FY 2021) | ₹2,255 | 1.2% | -11.0% | Kolkata, West Bengal, India | |
| Acube Brands Private Limited | ₹1.82 Lakh (FY 2025) | -14.0% | Mumbai, Maharashtra, India | |||
| Diamond Jyoti Power Private Limited | ₹1.82 Lakh (FY 2021) | Ghaziabad, Uttar Pradesh, India | ||||
| Intercity Advisory Private Limited | ₹1.82 Lakh (FY 2021) | -10.0% | Kolkata, West Bengal, India | |||
| Shraddha Publications Private Limited | ₹1.82 Lakh (FY 2021) | Pune, Maharashtra, India | ||||
| Chaprayil Granites Private Limited | ₹1.81 Lakh (FY 2024) | Kollam, Kerala, India |
To see the full peer comparison of Truthful Mercantile Private Limited, buy the company report.
Auditor
Truthful Mercantile Private Limited is audited by M. K. K. AGARWAL & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. K. K. AGARWAL & ASSOCIATES | FY 2017 | 328816E |
Shareholding
The shareholding of Truthful Mercantile Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Truthful Mercantile Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Truthful 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 Truthful Mercantile Private Limited; 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 Truthful Mercantile Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Truthful Mercantile Private Limited has 6 board changes on record since 2012: 2 appointments and 4 cessations. The latest: Naveen Kumar Bagrecha ceased to be Director on 28 Aug 2018.
Frequently asked questions
Truthful Mercantile has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Truthful Mercantile was a private limited company based in Kolkata, West Bengal, India. The company worked in other wholesale, within the trading industry. It was incorporated on 06 May 2010 and is registered under CIN U51909WB2010PTC146799. The company has been struck off by the Registrar of Companies and is no longer operational.
Truthful Mercantile had 2 directors:
- Subir Mukherjee - Director
- Santosh Khaitan - Director
The CIN (Corporate Identification Number) of Truthful Mercantile is U51909WB2010PTC146799. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Truthful Mercantile is at 15 Pratap Ghosh Lane, Kolkata, West Bengal, India – 700007.
Truthful Mercantile was incorporated on 06 May 2010. It is registered with the Registrar of Companies, Kolkata.
The latest financial statements of Truthful Mercantile on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from 2015 are in the company report.
Truthful Mercantile operated in the trading industry, in the other wholesale segment. It worked in this industry before it was struck off.
The peers of Truthful Mercantile by revenue are Tart Foods Private Limited, Sanjeevani Agri Product Private Limited, Indhan Trading Pvt Ltd, Kutumb Manufacturers and Traders Private Limited, Apnaalliance Marketing Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Naveen Kumar Bagrecha ceased to be Director on 28 Aug 2018. Nilambar Jha ceased to be Director on 28 Aug 2018. Santosh Khaitan was appointed as Director on 27 Aug 2018. Truthful Mercantile has 6 board changes on record in total.
The compliance status of Truthful Mercantile is compliant as of 15 September 2026.
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