Varada Mercantile Private Limited
About Varada Mercantile Private Limited
Data last updated:
Varada Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Rishab World Private Limited. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 28 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2010PTC202523. Its GSTIN is 27AADCV6236B1ZI (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kalpana Ramesh Jain and Rishab Ramesh Jain.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 2 Assembly Lane Dadi Seth Agiyari Lane Kalbadevi, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2025, the company reported a revenue of ₹90.36 Lakh, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹44.96 Lakh (net margin 49.8%) and EBITDA of ₹75.46 Lakh (EBITDA margin 83.5%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 8% over five years.
As per MCA filings, the company has open charges of ₹42 Cr and satisfied charges of ₹3.25 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Varada Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address2 Assembly Lane Dadi Seth Agiyari Lane Kalbadevi, Mumbai, Maharashtra, India – 400002
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Varada 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 Varada Mercantile Private Limited
FY 2025 filings availableVarada Mercantile Private Limited reported revenue of ₹90.36 Lakh (up 36% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 36% growth in the latest year. EBITDA rose 27% 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 | ₹75.46 Lakh | ||||
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| Net Profit (PAT) | ₹44.96 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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| Profitability | |||||
| EBITDA Margin | 83.5% | ||||
| Net Profit Margin | 49.8% | ||||
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To see the full financial statements and ratios of Varada Mercantile Private Limited, buy the company report.
Board of directors of Varada Mercantile Private Limited
Varada Mercantile has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kalpana Ramesh Jain | Additional Director | 01 Apr 2011 | 15 Years 6 Months | Current |
| Rishab Ramesh Jain | Additional Director | 01 Apr 2011 | 15 Years 6 Months | Current |
Peer comparison
Varada Mercantile Private Limited is compared with the 7 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with 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 |
|---|---|---|---|---|---|---|
| V-Linen Private Limited | ₹90.53 Lakh (FY 2019) | Erode, Tamil Nadu, India | ||||
| Conquer Fine Fab Private Limited | ₹90.43 Lakh (FY 2025) | 8.0% | Mumbai, Maharashtra, India | |||
| Ocean Textiles Private Limited | ₹90.42 Lakh (FY 2025) | 179.0% | Tamil Nadu, India | |||
| Varada Mercantile Private Limitedthis company | ₹90.36 Lakh (FY 2025) | ₹44.96 Lakh | 49.8% | 36.0% | Mumbai, Maharashtra, India | |
| Dhandeep Mercantile Private Limited | ₹90.36 Lakh (FY 2025) | 37.0% | Mumbai, Maharashtra, India | |||
| Adonis International Limited | ₹90.32 Lakh (FY 2016) | 77.0% | New Delhi, Delhi, India | |||
| Meena Exports & Trading Private Limited | ₹90.3 Lakh (FY 2025) | -90.0% | Kolkata, West Bengal, India | |||
| Surabhi Fashions Private Limited | ₹90.3 Lakh (FY 2025) | 20.0% | Varanasi, Uttar Pradesh, India |
To see the full peer comparison of Varada Mercantile Private Limited, buy the company report.
Auditor
Varada Mercantile Private Limited is audited by KALA JAIN & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KALA JAIN & CO | FY 2021 | 127886W |
Shareholding
The shareholding of Varada Mercantile Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Varada Mercantile Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2021 | 100483782 | Bank of India | ₹42 Cr | Open | |
| 21 Sep 2015 | 10608198 | Reliance Capital Limited | ₹3.25 Cr | Satisfied |
To see the full charge records of Varada Mercantile Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Varada 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 Varada Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varada Mercantile has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCV6236B1ZI | Maharashtra | Active | 25 Jan 2018 |
To see the full GST registrations and return filing status of Varada Mercantile Private Limited, buy the company report.
Recent activity
Varada Mercantile Private Limited has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Indira Damodar Agarwal ceased to be Director on 10 Apr 2011.
Frequently asked questions
Varada Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 28 April 2010 (16+ years old) and is registered under CIN U51909MH2010PTC202523.
Varada Mercantile has 2 current directors:
- Kalpana Ramesh Jain - Additional Director
- Rishab Ramesh Jain - Additional Director
The latest financial statements of Varada Mercantile on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Varada Mercantile is 27AADCV6236B1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Varada Mercantile is U51909MH2010PTC202523. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varada Mercantile was incorporated on 28 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Varada Mercantile by revenue are V-Linen Private Limited, Conquer Fine Fab Private Limited, Ocean Textiles Private Limited, Dhandeep Mercantile Private Limited, Adonis International Limited and 2 more, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Indira Damodar Agarwal ceased to be Director on 10 Apr 2011. Pawankumar Ramkumar Dubey ceased to be Director on 10 Apr 2011. Kalpana Ramesh Jain was appointed as Additional Director on 01 Apr 2011. Varada Mercantile has 4 board changes on record in total.
The registered office of Varada Mercantile is at 2 Assembly Lane Dadi Seth Agiyari Lane Kalbadevi, Mumbai, Maharashtra, India – 400002.
Varada Mercantile operates in the home and lifestyle industry, in the textile retail and distribution segment.
Varada Mercantile has open charges of ₹42 Cr and satisfied charges of ₹3.25 Cr as per latest MCA filings.