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Merit Technologies (India) Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 3.60 Cr
- Company Age 26 Year, 20 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 36.35 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 26 years. 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 ₹36.35 Cr. The company has closed loans amounting to ₹18.35 Cr, as per Ministry of Corporate Affairs (MCA) records.
Thangappan Rajakumar, Gopalakrishnan Ramadurai, and Mathuru Reddy 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
U31200TN1999PLC042230
- Company No.
042230
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
07 Apr 1999
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Machinery and Equipment
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.
Merit Technologies (India) Limited
Explore comprehensive data for Merit Technologies (India) Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Merit Technologies (India)?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Thangappan Rajakumar  | Director | 07-Apr-1999 | Current |
| Gopalakrishnan Ramadurai | Director | 07-Apr-1999 | Current |
| Mathuru Reddy | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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)
Merit Bmh Engineering Private LimitedGopalakrishnan Ramadurai is a mutual person
Charges (Loans)
Open Charges
₹36.35 Cr
Satisfied Charges
₹18.35 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 35.98 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 | ₹35.18 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.
Latest Updates, News, and FAQs on Merit Technologies (India)
Recent activity within the organization
- Charges
A charge with Axis Bank Limited of Rs. 35.18 Cr registered on 26 Nov 2018 with Charge ID 100224373 was modified on 11 Jan 2024.
- Annual General Meeting
Merit Technologies (India) Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Charges
A charge registered on 09 Mar 2023 via Charge ID 100698726 with Axis Bank Limited was fully satisfied on 26 Jul 2023.
- Balance Sheet
Merit Technologies (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
- Charges
A charge with Axis Bank Limited amounted to Rs. 5.00 Cr with Charge ID 100698726 was registered on 09 Mar 2023.
- Charges
A charge with Axis Bank Limited amounted to Rs. 0.50 Cr with Charge ID 100700315 was registered on 01 Feb 2023.
Frequently asked questions
What is the Incorporation or founding date of Merit Technologies (India) Limited?
Merit Technologies (India) Limited was incorporated on 07 Apr 1999.
What is authorized share capital and paid-up capital of Merit Technologies (India) Limited?
The authorized share capital of Merit Technologies (India) Limited is ₹ 5.00 Cr and paid-up capital is ₹ 3.60 Cr.
Who are the current board members & directors of Merit Technologies (India) Limited?
Currently 3 directors are associated with Merit Technologies (India) Limited.
- Thangappan Titus Rajakumar
- Gopalakrishnan Ramadurai
- Mathuru Narendra Reddy
What is the registered address of Merit Technologies (India) Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Merit Technologies (India) Limited is E-1 First Floor Iiird Phase Thiru Vi Industrial Estate, Guindy India, Chennai, Tamil Nadu, 600032.
What is the corporate identification number (CIN) and company number of Merit Technologies (India) Limited?
The corporate identification number (CIN) of Merit Technologies (India) Limited is U31200TN1999PLC042230 and the company number is 042230 as per Ministry of Corporate Affairs (MCA).
What is the official website of Merit Technologies (India) Limited?
The Official website of Merit Technologies (India) Limited is https://www.meritbulkhandling.com
What has been the recent revenue trend for Merit Technologies (India) Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Merit Technologies (India) Limited has risen by 38.47%.
How many employees does Merit Technologies (India) Limited currently have?
As Per 2023 financial reports, 94 employees are currently employed by Merit Technologies (India) Limited.
What change has been observed in the net worth of Merit Technologies (India) Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Merit Technologies (India) Limited has experienced an upsurge of 24.28%.
What are the total open charges for Merit Technologies (India) Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Merit Technologies (India) Limited amount to ₹ 36.35 Cr.
When was the last Balance Sheet of Merit Technologies (India) Limited filed with the ROC?
The most recent Balance Sheet for Merit Technologies (India) Limited was filed with the ROC on 31 Mar 2023.
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