Update Mercantile Private Limited
About Update Mercantile Private Limited
Data last updated:
Update Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 17 March 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1997PTC106633. Its GSTIN is 27AAACU2697L1ZS (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹10.83 Lakh. It is led by directors including Chanchal Manojkumar Harchandani and Pankaj Ganeshprasad Kaushal.
Its last annual general meeting (AGM) was held on 25 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 ₹1.15 Lakh, a decline of 55% compared to the previous year. For the same year it recorded a net profit of ₹1,605 (net margin 1.4%) and EBITDA of ₹1,817 (EBITDA margin 1.6%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years.
As per MCA filings, the company has satisfied charges of ₹20 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Update Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC – 701 7th Floor Sukhda Chsg Sir Pochkanwala Marg Worli Sea Face Wo, Rli, Mumbai, Maharashtra, India – 400025
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Update 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
Financials of Update Mercantile Private Limited
FY 2025 filings availableUpdate Mercantile Private Limited reported revenue of ₹1.15 Lakh (down 55% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over three years, including a 55% fall in the latest year. EBITDA rose 20% 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 | ₹1,817 | ||||
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| Net Profit (PAT) | ₹1,605 | ||||
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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 | 1.6% | ||||
| Net Profit Margin | 1.4% | ||||
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To see the full financial statements and ratios of Update Mercantile Private Limited, buy the company report.
Board of directors of Update Mercantile Private Limited
Update Mercantile has 4 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chanchal Manojkumar Harchandani Also directs: All Wise Finvest Private Limited, Taurus Viniyog Private Limited | Director | 01 Sep 2023 | 3 Years 1 Months | Current |
| Pankaj Ganeshprasad Kaushal Also directs: Aragonite International Private Limited, Gondwana Engineering Private Limited, Geothermex Energy Private Limited and 5 more | Director | 27 Mar 2025 | 1 Years 6 Months | Current |
| Rugved Satish Kotwal Also directs: Gondwana Constructions Private Limited, Octa Power Generations Private Limited, Parshwa Agrico Private Limited and 5 more | Director | 01 Sep 2022 | 4 Years 1 Months | Current |
| Sohansingh Tulsiramji Parmar | Director | 30 Sep 2022 | 4 Years 0 Months | Current |
Auditor
Update Mercantile Private Limited is audited by CA RAVINDRA WANKHEDE for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CA RAVINDRA WANKHEDE | FY 2022 | 048206 |
Shareholding
The shareholding of Update Mercantile Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Update Mercantile Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jan 2000 | 90142701 | Tirupati Urban Co-Operative Bank Limited | ₹20 Lakh | Satisfied |
To see the full charge records of Update Mercantile Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Update 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 Update Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Update Mercantile has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACU2697L1ZS | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Update Mercantile Private Limited, buy the company report.
Recent activity
Update Mercantile Private Limited has 26 board changes on record since 2009: 4 appointments and 22 cessations. The latest: Pankaj Ganeshprasad Kaushal was appointed as Director on 27 Mar 2025.
19 earlier events are in the company report.
Frequently asked questions
Update Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 17 March 1997 (29+ years old) and is registered under CIN U51900MH1997PTC106633.
Update Mercantile has 4 current directors:
- Chanchal Manojkumar Harchandani - Director
- Pankaj Ganeshprasad Kaushal - Director
- Rugved Satish Kotwal - Director
- Sohansingh Tulsiramji Parmar - Director
The latest financial statements of Update Mercantile on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Update Mercantile is 27AAACU2697L1ZS, registered in Maharashtra.
The CIN (Corporate Identification Number) of Update Mercantile is U51900MH1997PTC106633. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Update Mercantile was incorporated on 17 March 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Pankaj Ganeshprasad Kaushal was appointed as Director on 27 Mar 2025. Chanchal Manojkumar Harchandani ceased to be Additional Director on 24 Sep 2023. Chanchal Manojkumar Harchandani was appointed as Director on 01 Sep 2023. Update Mercantile has 26 board changes on record in total.
The registered office of Update Mercantile is at C – 701 7th Floor Sukhda Chsg Sir Pochkanwala Marg Worli Sea Face Wo, Rli, Mumbai, Maharashtra, India – 400025.
Update Mercantile operates in the agriculture industry, in the agro retail and distribution segment.
Update Mercantile has no open charges and satisfied charges of ₹20 Lakh as per latest MCA filings.