Merit Credit Corporation Profile
Key Indicators
- Authorised Capital ₹ 10.50 Cr
- Paid Up Capital ₹ 7.35 Cr
- Company Age 37 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 80.00 Cr
- Satisfied Charges ₹ 19.00 Cr
- Revenue Growth 291.09%
- Profit Growth -140.06%
- Ebitda 460.79%
- Net Worth -3.36%
- Total Assets 62.11%
About Merit Credit Corporation
Merit Credit Corporation Limited (MCCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 03 June 1987 and has a history of 37 years and eight months. Its registered office is in Ahmedabad, Gujarat, India.
The Corporate was formerly known as M.H. Investments Private 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 10.50 Cr and a paid-up capital of Rs 7.35 Cr.
The company currently has active open charges totaling ₹80.00 Cr. The company has closed loans amounting to ₹19.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Omdutt Sharma, Bhakti Jani, and Mrudulaben Patel serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U65910GJ1987PLC009699
- Company No.
009699
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
03 Jun 1987
- Date of AGM
28 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Who are the key members and board of directors at Merit Credit Corporation?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Omdutt Sharma  | Director | 03-Sep-2024 | Current |
| Bhakti Jani | Director | 03-Sep-2024 | Current |
| Mrudulaben Patel | Director | 01-Mar-1999 | Current |
Financial Performance of Merit Credit Corporation.
Merit Credit Corporation Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 291.09% increase. The company also saw a substantial fall in profitability, with a 140.06% decrease in profit. The company's net worth dipped by a decrease of 3.36%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Merit Credit Corporation?
In 2020, Merit Credit Corporation had a promoter holding of 39.47% and a public holding of 60.54%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Legacy Infotech LlpOmdutt Sharma is a mutual person
- Cordial Investments Pvt Ltd
Mrudulaben Patel is a mutual person
- Vidvaan Realty Private Limited
Mrudulaben Patel is a mutual person
- Shuchi Reality Private Limited
Mrudulaben Patel is a mutual person
Charges (Loans)
₹80.00 Cr
₹19.00 Cr
Charges Breakdown by Lending Institutions
- Others : 80.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Sep 2022 | Others | ₹40.00 Cr | Open |
| 21 Sep 2022 | Others | ₹40.00 Cr | Open |
| 14 Jul 2018 | Others | ₹6.00 Cr | Satisfied |
| 18 May 2015 | Axis Finance Limited | ₹10.00 Cr | Satisfied |
| 11 Mar 2015 | Others | ₹3.00 Cr | Satisfied |
How Many Employees Work at Merit Credit Corporation?
Unlock and access historical data on people associated with Merit Credit Corporation, 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 Merit Credit Corporation, 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 Merit Credit Corporation'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.
