Varun Mercantile Limited - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 1985.

1985 Mumbai, Maharashtra, India Active

Last Updated: December 23, 2025

About Varun Mercantile Limited

Varun Mercantile Limited, a active public limited company, was established on 12 February 1985 in Mumbai, Maharashtra, India. Engaging in brokerage & trading services within the financial services sector, it holds CIN: L51909MH1985PLC321068. Registered under ROC Roc Mumbai. it is listed on BSE: 512511. It has an authorized capital of ₹3.00 Cr and a paid-up capital of ₹1.99 Cr.

It upholds a compliant status. In 2023, it reported revenue of ₹2.60 M and a net worth of ₹5.16 Cr. Its leadership includes Mehul Rajnikant Shah (Director), Sanjay Tukaram More (Director), Ambalal Tolchandji Jain (Director). Past directors included Lalit Kumar Shroff, Mehul Rajnikant Shah, Yogesh Sopan Kadam. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at 147, 14Th Floor, Atlanta Nariman Point, Mumbai, Maharashtra, 400021.

Company Details

CIN/LLPIN
L51909MH1985PLC321068
Registration Number
321068
Incorporation Date
12 February 1985
Authorized Capital
₹3.00 Cr
Paid-Up Capital
₹1.99 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 512511)
Company Status
Active

Key Metrics

Authorised Capital ₹ 3.00 Cr as on 23-12-2025
Paid Up Capital ₹ 1.99 Cr as on 23-12-2025
Company Age 40 Year, 11 Months
Last Filing with ROC 31 Mar 2025
Revenue Growth **** 4.97% (FY 2023)
Profit Growth **** 174.42% (FY 2023)
Ebitda **** 22.72% (FY 2023)
Net Worth 1.39% (FY 2023)
Total Assets **** 1.24% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Varun Mercantile Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Varun Mercantile Limited?

Current Directors

Name	Designation	Appointment Date	Status
Mehul Rajnikant Shah	Director	03 Dec 2018	Current
Sanjay Tukaram More	Director	10 May 2021	Current
Ambalal Tolchandji Jain	Director	03 Dec 2018	Current
Deepak Aithappa Karkera	Cfo	04 Sep 2019	Current
Jyothi Anil Menon	Director	31 Mar 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	29 May 2018	Past
Pramod Abcsdd	Additional Director	30 Sep 2019	Past
Pramod Abcsdd	Company Secretary	29 May 2024	Past
Pramod Abcsdd	Director	10 May 2021	Past
Pramod Abcsdd	Additional Director	30 Sep 2021	Past
Pramod Abcsdd	Director	02 Jun 2014	Past

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Financial Performance of Varun Mercantile.

Varun Mercantile Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 4.97% increase. The company also saw a substantial improvement in profitability, with a 174.42% increase in profit. The company's net worth moved up by a moderate rise of 1.39%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

4.97%

*******

Revenue from Operations

*******

Total Assets

*******

1.24%

*******

Profit or Loss

*******

174.42%

*******

Net Worth

*******

1.39%

*******

EBITDA

*******

22.72%

*******

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What is the Ownership and Shareholding Structure of Varun Mercantile?

In 2022, Varun Mercantile had a public holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Varun Mercantile?

Unlock and access historical data on people associated with Varun Mercantile, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Varun Mercantile, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Varun Mercantile's trajectory.

Rating

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Alerts

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Latest Updates, News, and FAQs on Varun Mercantile

Recent Activity within the Organization

Annual General Meeting

The activity Varun Mercantile Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was completed.
30 Sep 2025
Director Appointment

Progress on Piyush Oza was appointed as a Company Secretary was appointed as a Company Secretary on 23 Jul 2025 & has been associated with this company since 6 months 21 days . was documented.
23 Jul 2025
Balance Sheet

The activity Varun Mercantile Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was completed.
31 Mar 2025
Director Appointment

Progress on Jyothi Anil Menon was appointed as a Director was appointed as a Director on 31 Mar 2025 & has been associated with this company since 10 months 12 days . was documented.
31 Mar 2025
Director Appointment

The activity Daudayal Shankarlal Lakhani was appointed as a Company Secretary was appointed as a Company Secretary on 26 Aug 2024 & has been associated with this company since 1 year 5 months . was completed.
26 Aug 2024
Director Appointment

Yogesh Sopan Kadam was appointed as a Company Secretary was appointed as a Company Secretary on 01 Apr 2022 & has been associated with this company since 3 years 10 months . was recorded as a recent event.
01 Apr 2022

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