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Merit Technologies (India) Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 3.60 Cr
- Company Age 25 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 31.10 Cr
- Satisfied Charges ₹ 18.35 Cr
- Revenue Growth 38.47%
- Profit Growth 9.58%
- Ebitda 19.60%
- Net Worth 24.28%
- Total Assets 22.50%
About Merit Technologies (India)
Merit Technologies (India) Limited (MTIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 07 April 1999 and has a history of 25 years and ten months. Its registered office is in Chennai, Tamil Nadu, India.
The Company is engaged in the Machinery And Equipment Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 3.60 Cr.
The company currently has active open charges totaling ₹31.10 Cr. The company has closed loans amounting to ₹18.35 Cr, as per Ministry of Corporate Affairs (MCA) records.
Mathuru Reddy, Gopalakrishnan Ramadurai, and Thangappan Rajakumar serve as directors at the Company.
Company Details
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Location
Chennai, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
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Corporate Identity Details
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CIN/LLPIN
U31200TN1999PLC042230
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Company No.
042230
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
07 Apr 1999
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Chennai
Industry
What products or services does Merit Technologies (India) Limited offer?
Merit Technologies (India) Limited offers a wide range of products and services, including Industrial Mixers & Homogenizers, Agitator, Material Handling Machines & Systems, Loading Machinery, Industrial Valves & Valve Fittings, Industrial Valves, Conveyor Systems & Components, Conveyor Feeders, Check Valves, Bucket & Rock Breaker for Excavator and Backhoe Loader.
Who are the key members and board of directors at Merit Technologies (India)?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mathuru Reddy
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Director | 07-Apr-1999 | Current |
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Gopalakrishnan Ramadurai
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Director | 07-Apr-1999 | Current |
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Thangappan Rajakumar
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Director | 07-Apr-1999 | Current |
Financial Performance of Merit Technologies (India).
Merit Technologies (India) Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 38.47% increase. The company also saw a slight improvement in profitability, with a 9.58% increase in profit. The company's net worth Soared by an impressive increase of 24.28%.
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What is the Ownership and Shareholding Structure of Merit Technologies (India)?
In 2023, Merit Technologies (India) had a promoter holding of 100.00%. 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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Merit Bmh Engineering Private LimitedGopalakrishnan Ramadurai is a mutual person
Charges (Loans)
₹31.10 Cr
₹18.35 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 30.73 Cr
- Others : 0.37 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Feb 2023 | Axis Bank Limited | ₹5.00 M | Open |
| 17 Dec 2020 | Axis Bank Limited | ₹3.00 M | Open |
| 18 Sep 2020 | Others | ₹2.65 M | Open |
| 26 Nov 2018 | Axis Bank Limited | ₹29.93 Cr | Open |
| 23 Jul 2018 | Others | ₹1.06 M | Open |
How Many Employees Work at Merit Technologies (India)?
Merit Technologies (India) has a workforce of 94 employees as of Apr 08, 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 Merit Technologies (India), 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 Technologies (India)'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.