

Mercantile Ventures Profile
Key Indicators
- Authorised Capital ₹ 130.09 Cr
- Paid Up Capital ₹ 111.92 Cr
- Company Age 39 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 385.00 Cr
- Satisfied Charges ₹ 261.00 Cr
- Revenue Growth 11.10%
- Profit Growth -54.07%
- Ebitda -8.49%
- Net Worth 10.66%
- Total Assets 11.11%
About Mercantile Ventures
Mercantile Ventures Limited (MVL) is a leading Public Limited Indian Non-Government Company incorporated in India on 23 December 1985 and has a history of 39 years and four months. Its registered office is in Chennai, Tamil Nadu, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 538942.
The Corporate was formerly known as Mcc Finance Limited. The Company is engaged in the Financial Services 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 130.09 Cr and a paid-up capital of Rs 111.92 Cr.
The company currently has active open charges totaling ₹385.00 Cr. The company has closed loans amounting to ₹261.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Mercantile Ventures Limited India are Jangit as COMPANY SECRETARY and Umasankar as Cfo. Kuppuswamy Gopalakrishnan, Bhimsingh Narendran, Sashikala Srikanth, and Three other members serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L65191TN1985PLC037309
- Company No.
037309
- Stock Symbol
BSE : 538942
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
23 Dec 1985
- Date of AGM
23 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Chennai
Industry
Who are the key members and board of directors at Mercantile Ventures?
Executive Team (2)
Name | Designation | Appointment Date | Status |
---|---|---|---|
Oberoi Jangit | Company Secretary | 16-Jun-2023 | Current |
Umasankar | CFO | 28-Jun-2024 | Current |
Board Members (6)
Name | Designation | Appointment Date | Status |
---|---|---|---|
Kuppuswamy Gopalakrishnan ![]() | Director | 12-Jun-2020 | Current |
Bhimsingh Narendran ![]() | Director | 03-Feb-2017 | Current |
Sashikala Srikanth ![]() | Director | 25-Mar-2015 | Current |
Alagappan Chandramouli ![]() | Director | 15-Nov-2012 | Current |
Rangaswami Edayathumangalam ![]() | Whole-Time Director | 05-Dec-2015 | Current |
Govindarajan Sharma ![]() | Director | 12-Jun-2020 | Current |
Financial Performance of Mercantile Ventures.
Mercantile Ventures Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 11.1% increase. The company also saw a substantial fall in profitability, with a 54.07% decrease in profit. The company's net worth Soared by an impressive increase of 10.66%.


- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Mercantile Ventures?
In 2022, Mercantile Ventures had a promoter holding of 69.43% and a public holding of 30.57%. The company had 5 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Related Corporates (Common Directorship)
- Spic Officers And Staff Welfare Foundation
Kuppuswamy Gopalakrishnan is a mutual person
- Spic Group Companies Employees Welfare Foundation
Kuppuswamy Gopalakrishnan is a mutual person
- Spic Dealers' Welfare Association
Kuppuswamy Gopalakrishnan is a mutual person
- South India Travels Private Limited
Kuppuswamy Gopalakrishnan is a mutual person
- Servall Engineering Works Private Limited
Alagappan Chandramouli is a mutual person
- I3 Security Private Limited
Kuppuswamy Gopalakrishnan, Bhimsingh Narendran and 1 more are mutual person
Charges (Loans)
₹385.00 Cr
₹261.00 Cr
Charges Breakdown by Lending Institutions
- Others : 385.00 Cr
Latest Charge Details
Date | Lender | Amount | Status |
---|---|---|---|
30 Mar 2022 | Others | ₹150.00 Cr | Open |
30 Sep 2020 | Others | ₹235.00 Cr | Open |
02 Jul 2019 | Others | ₹125.00 Cr | Satisfied |
16 Jul 2018 | Others | ₹125.00 Cr | Satisfied |
28 Mar 2015 | Housing Development Finance Corporation Limited | ₹11.00 Cr | Satisfied |
How Many Employees Work at Mercantile Ventures?
Unlock and access historical data on people associated with Mercantile Ventures, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Deals i

Gain comprehensive insights into the Deals and Valuation data of Mercantile Ventures, 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 Mercantile Ventures'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.
Latest Updates, News, and FAQs on Mercantile Ventures
Recent activity within the organization
- Annual General Meeting
Mercantile Ventures Limited last Annual general meeting of members was held on 23 Sep 2024 as per latest MCA records.
- Director Appointment
Umasankar was appointed as a Cfo was appointed as a Cfo on 28 Jun 2024 & has been associated with this company since 10 months 15 days .
- Balance Sheet
Mercantile Ventures Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
- Charges
A charge with Others amounted to Rs. 150.00 Cr with Charge ID 100564263 was registered on 30 Mar 2022.
- Charges
A charge with Others amounted to Rs. 235.00 Cr with Charge ID 100375480 was registered on 30 Sep 2020.
- Charges
A charge registered on 02 Jul 2019 via Charge ID 100275824 with Others was fully satisfied on 28 Sep 2020.
Recent News, Updates & Announcement
- Mercantile Ventures director M Rajamani resigns.
Mercantile Ventures has informed that Mr. M Rajamani, Director vide his letter dated February 08, 2017 has resigned from the Board of the Company..
Frequently asked questions
What is the Incorporation or founding date of Mercantile Ventures Limited?
Mercantile Ventures Limited was incorporated on 23 Dec 1985.
What is authorized share capital and paid-up capital of Mercantile Ventures Limited?
The authorized share capital of Mercantile Ventures Limited is ₹ 130.09 Cr and paid-up capital is ₹ 111.92 Cr.
Who are the current board members & directors of Mercantile Ventures Limited?
Currently 8 directors are associated with Mercantile Ventures Limited.
- Kuppuswamy Gopalakrishnan
- Bhimsingh Narendran
- Sashikala Srikanth
- Alagappan Chandramouli
- Rangaswami Natarajan Edayathumangalam
- Govindarajan Dattatreyan Sharma
- Oberoi Jangit
- Umasankar
What is the registered address of Mercantile Ventures Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Mercantile Ventures Limited is 88, Mount Road Guindy India, Chennai, Tamil Nadu, 600032.
What is the corporate identification number (CIN) and company number of Mercantile Ventures Limited?
The corporate identification number (CIN) of Mercantile Ventures Limited is L65191TN1985PLC037309 and the company number is 037309 as per Ministry of Corporate Affairs (MCA).
Is Mercantile Ventures Limited registered with any stock exchange in India?
Yes, Mercantile Ventures Limited is registered on Bombay Stock Exchange (BSE).
What is the official website of Mercantile Ventures Limited?
The Official website of Mercantile Ventures Limited is https://www.mercantileventures.co.in
What has been the recent revenue trend for Mercantile Ventures Limited?
According to the financial reports for the fiscal year 2021, the revenue trend for Mercantile Ventures Limited has risen by 11.10%.
What change has been observed in the net worth of Mercantile Ventures Limited, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Mercantile Ventures Limited has experienced an upsurge of 10.66%.
What are the total open charges for Mercantile Ventures Limited?
As per the financial statements for fiscal Year 2021, The total open charges for Mercantile Ventures Limited amount to ₹ 385.00 Cr.
When was the last Balance Sheet of Mercantile Ventures Limited filed with the ROC?
The most recent Balance Sheet for Mercantile Ventures Limited was filed with the ROC on 31 Mar 2024.
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