Vraj Mercantile Private Limited

Vraj Mercantile Private Limited - pharma in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U51101GJ2011PTC067468 Incorporated 14 October 2011 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company pharma MSME · Micro
Data last updated
Revenue · FY 2023
₹2.63 Cr
▲ 26% YoY
Net profit · FY 2023
₹1.63 Lakh
Net margin 0.6%
EBITDA · FY 2023
₹2.89 Lakh
EBITDA margin 1.1%
Authorised capital
₹2 Lakh
Registered with MCA
Paid-up capital
₹1.72 Lakh
Issued & subscribed
Open charges
₹7.7 Cr
Secured borrowings
Company age
15 yrs
Est. 2011
Directors on board
2
As per MCA filings

About Vraj Mercantile Private Limited

Data last updated:

Vraj Mercantile Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 14 October 2011 and has been in existence for over 15 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51101GJ2011PTC067468. Its GSTIN is 24AADCV8132G1ZF (Gujarat).

The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.72 Lakh. It is led by directors Alkeshkumar Govindlal Modi and Kalpeshkumar Govindlal Modi.

Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at A – 26 Sugam Appartment Anandnagar Cross Roads Satellite, Ahmedabad, Gujarat, India – 380015.

As per the financials filed for FY 2023, the company reported a revenue of ₹2.63 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹1.63 Lakh (net margin 0.6%) and EBITDA of ₹2.89 Lakh (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 135% over five years.

As per MCA filings, the company has open charges of ₹7.7 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending.

Vraj Mercantile Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0173895). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U51101GJ2011PTC067468
Registration Number 067468
Incorporation Date 14 October 2011
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0173895
Key People
Alkeshkumar Govindlal Modi Director Kalpeshkumar Govindlal Modi Director

Recognitions & Rankings of Vraj Mercantile

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-GJ-01-0173895

Contact details

Vraj Mercantile Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    A – 26 Sugam Appartment Anandnagar Cross Roads Satellite, Ahmedabad, Gujarat, India – 380015
  • Industry
    Pharma, Pharmaceutical Retailers & Distributors

To see the full contact details of Vraj Mercantile Private Limited, buy the company report.

Comprehensive company report
Vraj Mercantile Private Limited - one report that includes everything
  • 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
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Business activity

The main business activity of Vraj Mercantile is trade. In detail, this covers retail trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG2Retail Trading

To see the full business activity and turnover split of Vraj Mercantile Private Limited, buy the company report.

Financials of Vraj Mercantile Private Limited

FY 2023 filings available

Vraj Mercantile Private Limited reported revenue of ₹2.63 Cr (up 26% YoY) for FY 2023.

Revenue · FY 2023
₹2.63 Cr ▲ 26%
Net profit · FY 2023
₹1.63 Lakh margin 0.6%
EBITDA · FY 2023
₹2.89 Lakh margin 1.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 26%
3 years · compounded
▼ 33%
5 years · compounded
▲ 135%
EBITDA CAGR growth
1 year
▲ 101%
3 years · compounded
▼ 29%
5 years · compounded
▲ 26%

Revenue has grown at a compounded annual rate (CAGR) of 135% over five years, including 26% growth in the latest year. EBITDA rose 101% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹2.89 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.63 Lakh
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin1.1%
Net Profit Margin0.6%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Vraj Mercantile Private Limited, buy the company report.

Board of directors of Vraj Mercantile Private Limited

Vraj Mercantile has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Alkeshkumar Govindlal Modi
Also directs: Govind Laboratories Private Limited, Govind Formulation Private Limited, Gowin Business Solution Private Limited and 2 more
Director14 Oct 201115 Years 0 MonthsCurrent
Kalpeshkumar Govindlal Modi
Also directs: Govind Laboratories Private Limited, Govind Formulation Private Limited, Gowin Business Solution Private Limited and 2 more
Director14 Oct 201115 Years 0 MonthsCurrent
View all directors

Auditor

Vraj Mercantile Private Limited is audited by DESAI & DESAI for the financial year 2020.

Auditor firmFinancial yearFirm registration number
DESAI & DESAIFY 2020139459W

Shareholding

The shareholding of Vraj Mercantile Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2020FY 2019FY 2017FY 2016FY 2015
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Vraj Mercantile Private Limited, buy the company report.

Charges & borrowings

Open charges
₹7.7 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹7.70 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
17 Oct 2023100807449Others₹5.9 CrOpen
30 Oct 2018100217088Others₹1.8 CrOpen

To see the full charge records of Vraj Mercantile Private Limited, buy the company report.

Total charge records: 2 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Vraj Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Vraj Mercantile has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AADCV8132G1ZFGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Vraj Mercantile Private Limited, buy the company report.

Recent activity

Vraj Mercantile Private Limited has 3 board changes on record since 2011: 2 appointments and 1 cessation. The latest: Kinnari Alkeshbhai Modi ceased to be Director on 10 Nov 2013.

Charges
A charge with Others amounted to Rs. 590.00 Lakh with Charge ID 100807449 was registered on 17 Oct 2023.
AGM
Vraj Mercantile Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Vraj Mercantile Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 180.00 Lakh registered on 30 Oct 2018 with Charge ID 100217088 was modified on 30 Jun 2022.
Charges
A charge with Others amounted to Rs. 180.00 Lakh with Charge ID 100217088 was registered on 30 Oct 2018.
Ceased
Kinnari Alkeshbhai Modi ceased to be Director.
Appointed
Alkeshkumar Govindlal Modi was appointed as Director.
Appointed
Kalpeshkumar Govindlal Modi was appointed as Director.
Incorporation
14 Oct 2011
Vraj Mercantile Private Limited was registered on 14 Oct 2011 with Roc Ahmedabad & aged 15 years 26 days as per MCA records.

Frequently asked questions

Vraj Mercantile is an active private limited company based in Ahmedabad, Gujarat, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 14 October 2011 (15+ years old) and is registered under CIN U51101GJ2011PTC067468.

Vraj Mercantile has 2 current directors:

The latest financial statements of Vraj Mercantile on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.

The GSTIN of Vraj Mercantile is 24AADCV8132G1ZF, registered in Gujarat.

The CIN (Corporate Identification Number) of Vraj Mercantile is U51101GJ2011PTC067468. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Vraj Mercantile has 3 court cases on record: 3 filed against it. 1 is pending.

Vraj Mercantile was incorporated on 14 October 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Kinnari Alkeshbhai Modi ceased to be Director on 10 Nov 2013. Alkeshkumar Govindlal Modi was appointed as Director on 14 Oct 2011. Kalpeshkumar Govindlal Modi was appointed as Director on 14 Oct 2011.

Yes, Vraj Mercantile is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0173895).

The registered office of Vraj Mercantile is at A – 26 Sugam Appartment Anandnagar Cross Roads Satellite, Ahmedabad, Gujarat, India – 380015.