About Vivid Mercantile Limited
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Vivid Mercantile Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the commercial printing services segment of the media and publishing sector. It was incorporated on 04 March 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L74110GJ1994PLC021483. Its GSTIN is 24AAACV7171J1Z6 (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 542046.
The company has an authorised share capital of ₹10.03 Cr and a paid-up capital of ₹10.03 Cr. It was formerly known as Veeram Infra Engineering Limited and Vivid Offset Printers Pvt Ltd. It is led by directors including Satishkumar Ramanlal Gajjar (Managing Director) and Geetaben Satishbhai Gajjar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹46.91 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹10.78 Cr (net margin 23%) and EBITDA of ₹11.29 Cr (EBITDA margin 24.1%). The net worth stands at ₹56.21 Cr (up 4.6% YoY). Total assets are valued at ₹56.27 Cr (up 0.1% YoY).
The company is associated with 1 brand: Veeram Infra Engineering. As per MCA filings, the company has open charges of ₹14 Lakh on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it. The company has 41 deals on record (40 market trades, 1 ipo); the latest was in February 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vividmercantile.com.
Company details
Name history
Vivid Mercantile has undergone 4 name changes throughout its history. The current legal name is Vivid Mercantile Limited.
| Company Name | Status |
|---|---|
| Vivid Mercantile Limited | Current |
| Veeram Infra Engineering Limited | Previous |
| Vivid Offset Printers Pvt Ltd | Previous |
| Satya Realities Private Limited | Previous |
| Veeram Infra Engineering Private Limited | Previous |
CIN history
Vivid Mercantile has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74110GJ1994PLC021483, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74110GJ1994PLC021483 | Current |
| U70100GJ1994PLC021483 | Previous |
| U22219GJ1994PTC021483 | Previous |
| U74110GJ1994PLC021483 | Previous |
| U70100GJ1994PTC021483 | Previous |
Contact details
Vivid Mercantile Limited's registered office is in Ahmedabad, Gujarat. Its website is vividmercantile.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressG/19 Hemkut Owners Association, Opp. Capital Comm Centre, Ahmedabad, Gujarat, India – 380009
- IndustryMedia and Publishing, Commercial Printing Services
To see the full contact details of Vivid Mercantile 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
Brands
Vivid Mercantile operates one associated brand: Veeram Infra Engineering. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offset and commercial printing services are provided for businesses. | veeraminfra.com |
Business activity
The main business activity of Vivid Mercantile is manufacturing. In detail, this covers printing, reproduction of recorded media.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C4 | Printing, reproduction of recorded media |
To see the full business activity and turnover split of Vivid Mercantile Limited, buy the company report.
Financials of Vivid Mercantile Limited
FY 2025-26 filings availableVivid Mercantile Limited reported revenue of ₹46.91 Cr (up 242.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 46.91 | 13.71 | 9.73 | 4.42 | 17.87 | 16.97 | 30.01 |
| Revenue growth | +242.2% | +40.9% | +120.1% | -75.3% | +5.3% | -43.5% | - |
| EBITDA | 11.29 | (1.44) | (3.63) | (0.40) | 0.09 | 0.05 | 0.00 |
| EBITDA margin | +24.1% | -10.5% | -37.3% | -9.1% | +0.5% | +0.3% | 0.0% |
| Profit before tax | 13.01 | 1.59 | 14.95 | 4.50 | 5.19 | 3.63 | (0.05) |
| Net profit | 10.78 | 1.37 | (3.12) | 0.19 | 0.02 | (0.03) | 0.46 |
| Net profit margin | +23.0% | +10.0% | -32.1% | +4.3% | +0.1% | -0.2% | +1.5% |
| EPS (₹) | 1.08 | 1.37 | 12.94 | 4.33 | 4.68 | 3.57 | (0.05) |
| Balance sheet | |||||||
| Total assets | 56.27 | 56.22 | 56.85 | 33.01 | 25.84 | 20.48 | 16.90 |
| Net worth | 56.21 | 53.72 | 52.35 | 29.55 | 25.21 | 20.48 | 16.91 |
| Total debt | 0.07 | 2.51 | 4.51 | 3.47 | 0.63 | 0.00 | 0.00 |
| Cash & bank | 2.27 | 0.11 | 0.11 | 0.17 | 0.03 | 0.15 | 0.08 |
| Net working capital | 22.11 | 33.72 | 29.10 | 13.50 | 16.08 | 9.70 | 4.54 |
| Cash flow | |||||||
| Cash from operations | 28.01 | (6.26) | (21.28) | (12.75) | (6.89) | (1.43) | 1.56 |
| Cash from investing | (15.13) | 8.24 | 9.26 | 10.33 | 6.14 | 1.50 | 0.22 |
| Cash from financing | (10.71) | (1.99) | 11.96 | 2.56 | 0.63 | 0.00 | (1.82) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.71 | 2.08 | 13.60 | 30.26 | 1.37 | 1.69 | 2.30 | 1.89 |
| Revenue growth (YoY) | +170.8% | +23.1% | +491.3% | +1501.1% | +315.2% | -82.2% | - | - |
| Other income | 0.03 | 3.20 | 1.72 | 0.01 | 0.00 | 0.00 | 2.05 | 0.68 |
| Total expenses | 3.14 | 4.67 | 13.09 | 22.25 | (0.02) | 0.30 | 4.27 | 1.81 |
| EBITDA | 0.57 | (2.59) | 0.51 | 8.01 | 1.39 | 1.39 | (1.97) | 0.08 |
| EBITDA margin | +15.4% | -124.5% | +3.8% | +26.5% | +101.5% | +82.2% | -85.7% | +4.2% |
| Depreciation | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | (0.01) | 0.01 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.60 | 0.61 | 2.22 | 8.02 | 1.39 | 1.39 | 0.09 | 0.75 |
| Tax | 0.09 | 0.09 | 0.78 | 0.80 | 0.47 | 0.18 | 0.02 | 0.10 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.71 | 2.08 | 13.60 | 30.26 | 1.37 | 1.69 | 2.30 | 1.89 |
| Revenue growth (YoY) | +170.8% | +23.1% | +491.3% | +1501.1% | +315.2% | -82.2% | - | - |
| Other income | 0.03 | 3.20 | 1.72 | 0.01 | 0.00 | 0.00 | 2.05 | 0.68 |
| Total expenses | 3.14 | 4.67 | 13.09 | 22.25 | (0.02) | 0.30 | 4.27 | 1.81 |
| EBITDA | 0.57 | (2.59) | 0.51 | 8.01 | 1.39 | 1.39 | (1.97) | 0.08 |
| EBITDA margin | +15.4% | -124.5% | +3.8% | +26.5% | +101.5% | +82.2% | -85.7% | +4.2% |
| Depreciation | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | (0.01) | 0.01 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.60 | 0.61 | 2.22 | 8.02 | 1.39 | 1.39 | 0.09 | 0.75 |
| Tax | 0.09 | 0.09 | 0.78 | 0.80 | 0.47 | 0.18 | 0.02 | 0.10 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 46.91 | 13.71 | 9.73 | 4.42 | 17.87 | 16.97 | 30.01 |
| Revenue growth | +242.2% | +40.9% | +120.1% | -75.3% | +5.3% | -43.5% | - |
| Other income | 1.73 | 3.04 | 18.60 | 4.98 | 5.21 | 3.66 | 0.04 |
| Total expenses | 35.62 | 15.15 | 13.36 | 4.82 | 17.78 | 16.92 | 30.01 |
| Employee cost | 0.26 | 0.14 | 0.12 | 0.12 | 0.08 | 0.04 | 0.03 |
| EBITDA | 11.29 | (1.44) | (3.63) | (0.40) | 0.09 | 0.05 | 0.00 |
| EBITDA margin | +24.1% | -10.5% | -37.3% | -9.1% | +0.5% | +0.3% | 0.0% |
| Depreciation | 0.01 | 0.01 | 0.02 | 0.08 | 0.11 | 0.08 | 0.09 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 13.01 | 1.59 | 14.95 | 4.50 | 5.19 | 3.63 | (0.05) |
| Tax | 2.23 | 0.22 | 1.96 | 0.16 | 0.50 | 0.05 | 0.00 |
| Net profit | 10.78 | 1.37 | (3.12) | 0.19 | 0.02 | (0.03) | 0.46 |
| Net profit margin | +23.0% | +10.0% | -32.1% | +4.3% | +0.1% | -0.2% | +1.5% |
| EPS (₹) | 1.08 | 1.37 | 12.94 | 4.33 | 4.68 | 3.57 | (0.05) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 | 7.96 |
| Reserves & surplus | 46.18 | 43.69 | 42.32 | 19.52 | 15.18 | 10.45 | 8.95 |
| Shareholders' funds (net worth) | 56.21 | 53.72 | 52.35 | 29.55 | 25.21 | 20.48 | 16.91 |
| Secured loans | 0.00 | 0.00 | 4.51 | 3.47 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.07 | 2.51 | 0.00 | 0.00 | 0.63 | 0.00 | 0.00 |
| Total debt | 0.07 | 2.51 | 4.51 | 3.47 | 0.63 | 0.00 | 0.00 |
| Total liabilities | 56.27 | 56.22 | 56.85 | 33.01 | 25.84 | 20.48 | 16.90 |
| Assets | |||||||
| Gross block | 0.84 | 0.84 | 0.84 | 0.77 | 0.80 | 1.35 | 1.35 |
| Net block | 0.23 | 0.24 | 0.25 | 0.26 | 0.30 | 0.95 | 1.02 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 35.03 | 23.40 | 28.60 | 19.27 | 9.45 | 9.84 | 11.33 |
| Inventories | 4.78 | 19.39 | 19.03 | 13.43 | 14.73 | 8.83 | 2.46 |
| Sundry debtors | 4.27 | 7.56 | 5.27 | 0.00 | 1.42 | 0.42 | 7.70 |
| Cash & bank balances | 2.27 | 0.11 | 0.11 | 0.17 | 0.03 | 0.15 | 0.08 |
| Loans & advances | 24.51 | 8.51 | 6.71 | 0.39 | 0.50 | 0.36 | 3.29 |
| Total current assets | 35.83 | 35.57 | 31.12 | 13.99 | 16.68 | 9.76 | 13.53 |
| Total current liabilities | 13.72 | 1.85 | 2.02 | 0.49 | 0.60 | 0.06 | 8.99 |
| Net working capital | 22.11 | 33.72 | 29.10 | 13.50 | 16.08 | 9.70 | 4.54 |
| Total assets | 56.27 | 56.22 | 56.85 | 33.01 | 25.84 | 20.48 | 16.90 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.11 | 0.11 | 0.17 | 0.03 | 0.15 | 0.08 | 0.12 |
| Net cash from operating activities | 28.01 | (6.26) | (21.28) | (12.75) | (6.89) | (1.43) | 1.56 |
| Net cash from investing activities | (15.13) | 8.24 | 9.26 | 10.33 | 6.14 | 1.50 | 0.22 |
| Net cash from financing activities | (10.71) | (1.99) | 11.96 | 2.56 | 0.63 | 0.00 | (1.82) |
| Net change in cash | 2.16 | 0.00 | (0.06) | 0.14 | (0.12) | 0.07 | (0.04) |
| Closing cash | 2.27 | 0.11 | 0.11 | 0.17 | 0.03 | 0.15 | 0.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +242.2% | +40.9% | +120.1% | -75.3% | +5.3% | -43.5% | - |
| EBITDA growth | +884.0% | +60.3% | -807.5% | -544.4% | +80.0% | - | - |
| PBT growth | +718.2% | -89.4% | +232.2% | -13.3% | +43.0% | +9998.0% | +98.4% |
| Net income growth | +686.9% | +143.9% | -1742.1% | +850.0% | +166.7% | -106.5% | - |
| Revenue CAGR (3Y) | +119.8% | -8.5% | -16.9% | -47.2% | +16.5% | +14.0% | +808.7% |
| Profitability & leverage | |||||||
| Net income margin | +23.0% | +10.0% | +133.5% | +98.2% | +26.3% | +21.1% | -0.2% |
| Return on capital employed | +23.1% | +3.1% | -7.8% | +0.7% | +0.1% | -0.2% | 0.0% |
| Return on net worth | +19.6% | +2.9% | -8.7% | +0.7% | +0.1% | -0.2% | 0.0% |
| Debt / equity | 0.02 | 0.07 | 0.11 | 0.07 | 0.01 | 0.00 | 0.12 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 55.85 | 0.00 | 0.00 | 5.63 | 16.62 | 12.57 | 22.23 |
| Inventory turnover | 3.88 | 0.71 | 0.60 | 0.31 | 1.52 | 3.01 | 12.20 |
| Debtors turnover | 7.93 | 2.14 | 3.69 | 6.23 | 19.42 | 4.18 | 4.96 |
| EPS (₹) | 1.08 | 1.37 | 12.94 | 4.33 | 4.68 | 3.57 | (0.05) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 5.61 | 53.58 | 42.41 | 29.47 | 25.14 | 20.43 | 21.24 |
To see the full year-wise statements and ratios of Vivid Mercantile Limited, buy the company report.
Board of directors of Vivid Mercantile Limited
Vivid Mercantile has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhaval Satishkumar Gajjar | Director | 30 Dec 2017 | 8 Years 10 Months | Current |
| Umeshbhai Rasiklal Gor Also directs: Gautam Gems Limited, Encode Packaging India Limited | Director | 06 Sep 2022 | 4 Years 2 Months | Current |
| Geetaben Satishbhai Gajjar | Whole-Time Director | 05 Sep 2003 | 23 Years 2 Months | Current |
| Satishkumar Ramanlal Gajjar | Managing Director | 10 Jul 2001 | 25 Years 4 Months | Current |
| Ayush Manishbhai Shah Also directs: Ro Jewels Limited | Director | 08 Jul 2023 | 3 Years 4 Months | Current |
| Jaymin Rakeshkumar Shah Also directs: Muroarte Studio LLP | Director | 08 Jul 2023 | 3 Years 4 Months | Current |
Auditor
Vivid Mercantile Limited is audited by BHAGAT & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHAGAT & Co. | FY 2023 | 127250W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 10.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 7.80% and retail and other public shareholders hold 81.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 10.80% | 10.80% | 12.30% | 39.00% |
| Public | 89.20% | 89.20% | 87.70% | 61.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Mar 2004 | 90102339 | The United Western Bank Limited | ₹5 Lakh | Open | |
| 10 Feb 2004 | 90099780 | The United Western Bank Limited | ₹7 Lakh | Open | |
| 25 Oct 1994 | 90097992 | Vijaya Bank | ₹2 Lakh | Open |
To see the full charge records of Vivid Mercantile Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Vivid Mercantile Limited has 41 deals on record (40 market trades, 1 ipo); the latest was in February 2026.
Deals on record (5 of 41)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2026 | Market trade | ₹5.18 Cr | Buyer: Greenx Wealth Multihorizons Opportunity Fund Seller: Kriyansh Gold Private Limited |
| Mar 2021 | Market trade | ₹38 Lakh | Buyer: an individual Seller: Alacrity Securities Limited |
| Oct 2020 | Market trade | ₹31.6 Lakh | Buyer: Darshan Orna Limited Seller: Alacrity Securities Limited |
| Jan 2020 | Market trade | ₹36 Lakh | Buyer: Alacrity Securities Limited Seller: an individual |
| Jan 2020 | Market trade | ₹13 Lakh | Buyer: Alacrity Securities Limited |
To see the full deal history of Vivid Mercantile Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vivid Mercantile Limited has 4 court cases on record: 1 filed by Vivid Mercantile, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CR A) | Filed by the company against Government of Gujarat and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Vivid Mercantile Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vivid Mercantile Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vivid Mercantile has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACV7171J1Z6 | Gujarat | Active | 18 Nov 2017 |
To see the full GST registrations and return filing status of Vivid Mercantile Limited, buy the company report.
Recent activity
Vivid Mercantile Limited has 12 board changes on record since 2001: 9 appointments and 3 cessations. The latest: Satish Vadilal Sheth ceased to be Director on 24 Feb 2024.
7 earlier events are in the company report.
Frequently asked questions
Vivid Mercantile is an active public limited company based in Ahmedabad, Gujarat, India. The company works in commercial printing services, within the media and publishing industry. It was incorporated on 04 March 1994 (32+ years old) and is registered under CIN L74110GJ1994PLC021483. Listed on BSE: 542046.
Vivid Mercantile reported revenue of ₹46.91 Cr for FY 2025-26 (up 242.2% YoY) based on standalone financials.
Vivid Mercantile has 6 current directors:
- Satishkumar Ramanlal Gajjar - Managing Director
- Geetaben Satishbhai Gajjar - Whole-Time Director
- Dhaval Satishkumar Gajjar - Director
- Umeshbhai Rasiklal Gor - Director
- Ayush Manishbhai Shah - Director
- Jaymin Rakeshkumar Shah - Director
The latest financial statements of Vivid Mercantile on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vivid Mercantile is 24AAACV7171J1Z6, registered in Gujarat.
The CIN (Corporate Identification Number) of Vivid Mercantile is L74110GJ1994PLC021483. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Vivid Mercantile is a listed company as per MCA records. Its shares are listed on BSE (code: 542046).
Vivid Mercantile has 4 court cases on record: 1 filed by the company and 3 filed against it.
Vivid Mercantile was incorporated on 04 March 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vivid Mercantile has 41 deals on record (40 market trades, 1 ipo); the latest was in February 2026.
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