Grow Well Mercantile Private Limited

Founded in 1997 and headquartered in Maharashtra, India.

1997 | Raigarh, Maharashtra (India) | Active
Last Updated:

Grow Well Mercantile Profile

Key Indicators

  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 14.66 Cr
  • Company Age 28 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 989.75 Cr
  • Revenue Growth -70.33%
  • Profit Growth -72.40%
  • Ebitda -117.55%
  • Net Worth 0.63%
  • Total Assets 13.88%

About Grow Well Mercantile

Grow Well Mercantile Private Limited (GWMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 20 January 1997 and has a history of 28 years and three months. Its registered office is in Raigarh, Maharashtra, India.

The Corporate was formerly known as Grow Well Mercantile Limited. The Company is engaged in the Trading Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 15.00 Cr and a paid-up capital of Rs 14.66 Cr.

The company has closed loans amounting to ₹989.75 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Grow Well Mercantile Private Limited India is Ashutosh Sharma as COMPANY SECRETARY. Ram Sharma and Purushottam Nemani serve as directors at the Company.

Company Details

  • Location

    Raigarh, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U51900MH1997PTC420169

  • Company No.

    047058

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    20 Jan 1997

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Trading
Company report

Grow Well Mercantile Private Limited

Explore comprehensive data for Grow Well Mercantile Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Grow Well Mercantile?

Executive Team (1)

NameDesignationAppointment DateStatus
Ashutosh Sharma Company Secretary02-May-2022Current

Board Members (2)

NameDesignationAppointment DateStatus
Ram Sharma Country flag representing In Director 01-Oct-2018Current
Purushottam Nemani Country flag representing In Director 24-Apr-2019Current

Financial Performance of Grow Well Mercantile.

Grow Well Mercantile Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 70.33% decrease. The company also saw a substantial fall in profitability, with a 72.4% decrease in profit. The company's net worth moved up by a moderate rise of 0.63%.

Grow Well Mercantile revenue growth over time
Grow Well Mercantile profit and loss trends over time
  • 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
-70.33%
Revenue from Operations
-71.03%
Total Assets
13.88%
Profit or Loss
-72.40%
Net Worth
0.63%
EBITDA
-117.55%

What is the Ownership and Shareholding Structure of Grow Well Mercantile?

In 2024, Grow Well Mercantile had a promoter holding of 81.64% and a public holding of 18.36%. The company had 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹989.75 Cr

Charges Breakdown by Lending Institutions

  • Axis Trustee Services Limited : 550.00 Cr
  • Union Bank Of India : 389.20 Cr
  • Others : 50.00 Cr
  • Punjab And Maharashtra Co-Operative Bank Limited : 0.55 Cr

Latest Charge Details

DateLenderAmountStatus
24 Nov 2021Others₹50.00 CrSatisfied
06 Apr 2017Punjab And Maharashtra Co-Operative Bank Limited₹5.50 MSatisfied
30 Jun 2015Axis Trustee Services Limited₹125.00 CrSatisfied
30 Jun 2015Axis Trustee Services Limited₹425.00 CrSatisfied
06 Nov 2007Union Bank Of India₹40.35 CrSatisfied

How Many Employees Work at Grow Well Mercantile?

Grow Well Mercantile has a workforce of 2 employees as of Dec 17, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Grow Well Mercantile Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Grow Well 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 Grow Well Mercantile's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Grow Well Mercantile

Recent activity within the organization

  • Annual General Meeting

    Grow Well Mercantile Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Grow Well Mercantile Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Charges

    A charge registered on 24 Nov 2021 via Charge ID 100506658 with Others was fully satisfied on 09 Sep 2022.

  • Charges

    A charge registered on 06 Apr 2017 via Charge ID 100094439 with Punjab And Maharashtra Co-Operative Bank Limited was fully satisfied on 07 Sep 2022.

  • Director Appointment

    Ashutosh Sharma was appointed as a Company Secretary was appointed as a Company Secretary on 02 May 2022 & has been associated with this company since 3 years 11 days .

  • Charges

    A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100506658 was registered on 24 Nov 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Grow Well Mercantile Private Limited?

    Grow Well Mercantile Private Limited was incorporated on 20 Jan 1997.

  • What is authorized share capital and paid-up capital of Grow Well Mercantile Private Limited?

    The authorized share capital of Grow Well Mercantile Private Limited is ₹ 15.00 Cr and paid-up capital is ₹ 14.66 Cr.

  • Who are the current board members & directors of Grow Well Mercantile Private Limited?

    Currently 3 directors are associated with Grow Well Mercantile Private Limited.

    • Ram Chandra Sharma
    • Purushottam Mangilalji Nemani
    • Ashutosh Sharma
  • What is the registered address of Grow Well Mercantile Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Grow Well Mercantile Private Limited is Office No A 105 Plot 514 Steel Chambers India, Panvel, Maharashtra, 410218.

  • What is the corporate identification number (CIN) and company number of Grow Well Mercantile Private Limited?

    The corporate identification number (CIN) of Grow Well Mercantile Private Limited is U51900MH1997PTC420169 and the company number is 047058 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Grow Well Mercantile Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Grow Well Mercantile Private Limited has fallen by -70.33%.

  • How many employees does Grow Well Mercantile Private Limited currently have?

    As Per 2023 financial reports, 2 employees are currently employed by Grow Well Mercantile Private Limited.

  • What change has been observed in the net worth of Grow Well Mercantile Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Grow Well Mercantile Private Limited has experienced an upsurge of 0.63%.

  • When was the last Balance Sheet of Grow Well Mercantile Private Limited filed with the ROC?

    The most recent Balance Sheet for Grow Well Mercantile Private Limited was filed with the ROC on 31 Mar 2024.

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