Mercantile Ventures Profile
Key Indicators
- Authorised Capital ₹ 130.09 Cr
- Paid Up Capital ₹ 111.92 Cr
- Company Age 39 Year, 2 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 two 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
- Ratios
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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 FoundationKuppuswamy Gopalakrishnan is a mutual person
Spic Group Companies Employees Welfare FoundationKuppuswamy Gopalakrishnan is a mutual person
Spic Dealers' Welfare AssociationKuppuswamy Gopalakrishnan is a mutual person
South India Travels Private LimitedKuppuswamy Gopalakrishnan is a mutual person
Servall Engineering Works Private LimitedAlagappan Chandramouli is a mutual person
I3 Security Private LimitedKuppuswamy 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.
