Grow Well Mercantile Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 14.66 Cr
- Company Age 28 Year, 11 Days
- 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. 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
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Location
Raigarh, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U51900MH1997PTC420169
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Company No.
047058
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
20 Jan 1997
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Grow Well Mercantile?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ashutosh Sharma | Company Secretary | 02-May-2022 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ram Sharma
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Director | 01-Oct-2018 | Current |
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Purushottam Nemani
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Director | 24-Apr-2019 | Current |
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%.
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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.
Related Corporates (Common Directorship)
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Mt Development LlpRam Sharma is a mutual person
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Thespian Lovers International Film Private Limited
Ram Sharma is a mutual person
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Metallurgical Engineering And Equipments Private Limited
Ram Sharma is a mutual person
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Paritosa Properties Private Limited
Ram Sharma is a mutual person
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Uttam Exports Private Limited
Ram Sharma is a mutual person
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Hb Promoters & Developers Private Limited
Purushottam Nemani is a mutual person
Charges (Loans)
₹0
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Nov 2021 | Others | ₹50.00 Cr | Satisfied |
| 06 Apr 2017 | Punjab And Maharashtra Co-Operative Bank Limited | ₹5.50 M | Satisfied |
| 30 Jun 2015 | Axis Trustee Services Limited | ₹125.00 Cr | Satisfied |
| 30 Jun 2015 | Axis Trustee Services Limited | ₹425.00 Cr | Satisfied |
| 06 Nov 2007 | Union Bank Of India | ₹40.35 Cr | Satisfied |
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.
Deals i
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
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
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.
