Muthoot Mercantile Limited

NBFC providing loans against gold jewelry and domestic money transfer services, part of Muthoot Ninan Group.

1997 | Thiruvananthapuram, Kerala (India) | Active
Last Updated: July 07, 2024

Muthoot Mercantile Profile

Key Indicators

  • Authorised Capital ₹ 55.00 Cr
  • Paid Up Capital ₹ 36.42 Cr
  • Company Age 27 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 463.58 Cr
  • Satisfied Charges ₹ 980.20 Cr
  • Revenue Growth 41.25%
  • Profit Growth 6.85%
  • Ebitda 27.47%
  • Net Worth 15.50%
  • Total Assets 44.28%

About Muthoot Mercantile

Muthoot Mercantile Limited (MML) is a leading Public Limited Indian Non-Government Company incorporated in India on 03 March 1997 and has a history of 27 years and ten months. Its registered office is in Thiruvananthapuram, Kerala, India.

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 2023. It's a company limited by shares with an authorized capital of Rs 55.00 Cr and a paid-up capital of Rs 36.42 Cr.

The company currently has active open charges totaling ₹463.58 Cr. The company has closed loans amounting to ₹980.20 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Muthoot Mercantile Limited India are Rajeev Rohiniamha as CFO and Neethu Biju as Company Secretary. Antony John, Asha Mathew, Ammini Mathew, and Three other members serve as directors at the Company.

Company Details

  • Location

    Thiruvananthapuram, Kerala, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65921KL1997PLC011260

  • Company No.

    011260

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    03 Mar 1997

  • Date of AGM

    05 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ernakulam

Industry

Financial Services

What products or services does Muthoot Mercantile Limited offer?

Muthoot Mercantile Limited offers a wide range of products and services, including Corporate Finance & Leasing Advisors, Investment Service.

Who are the key members and board of directors at Muthoot Mercantile?

Executive Team (3)

NameDesignationAppointment DateStatus
Richi Mathew Country flag representing In Managing Director13-Aug-2018Current
Rajeev Rohiniamha CFO17-Aug-2020Current
Neethu Biju Company Secretary03-Jan-2023Current

Board Members (5)

NameDesignationAppointment DateStatus
Antony John Country flag representing In Director 26-Jun-2023Current
Asha Mathew Country flag representing In Director 02-Jun-2022Current
Ammini Mathew Country flag representing In Whole-Time Director 15-Jul-2007Current
Mathew Mathaininan Country flag representing In Whole-Time Director 15-Apr-2005Current
Dillark Justin Country flag representing In Director 21-Oct-2022Current

Financial Performance of Muthoot Mercantile.

Muthoot Mercantile Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 41.25% increase. The company also saw a slight improvement in profitability, with a 6.85% increase in profit. The company's net worth Soared by an impressive increase of 15.5%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
41.25%
Revenue from Operations
41.31%
Total Assets
44.28%
Profit or Loss
6.85%
Net Worth
15.50%
EBITDA
27.47%

What is the Ownership and Shareholding Structure of Muthoot Mercantile?

In 2023, Muthoot Mercantile had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹463.58 Cr

Satisfied Charges

₹980.20 Cr

Charges Breakdown by Lending Institutions

  • Others : 258.58 Cr
  • State Bank Of India : 175.00 Cr
  • The South Indian Bank Limited : 20.00 Cr
  • Indian Overseas Bank : 10.00 Cr

Latest Charge Details

DateLenderAmountStatus
21 Dec 2023Others₹104.20 CrOpen
07 Dec 2023Indian Overseas Bank₹10.00 CrOpen
02 Sep 2023Others₹2.90 MOpen
24 Aug 2023Others₹20.00 CrOpen
12 Jul 2023The South Indian Bank Limited₹20.00 CrOpen

How Many Employees Work at Muthoot Mercantile?

Muthoot Mercantile has a workforce of 201 employees as of Apr 06, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Muthoot Mercantile, 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 Muthoot Mercantile's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Muthoot Mercantile

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 104.20 Cr with Charge ID 100868439 was registered on 21 Dec 2023.

    21 Dec 2023

  • Charges

    A charge with Indian Overseas Bank amounted to Rs. 10.00 Cr with Charge ID 100855188 was registered on 07 Dec 2023.

    07 Dec 2023

  • Charges

    A charge with Others of Rs. 40.00 Cr registered on 26 May 2021 with Charge ID 100452127 was modified on 01 Dec 2023.

    01 Dec 2023

  • Annual General Meeting

    Muthoot Mercantile Limited last Annual general meeting of members was held on 05 Sep 2023 as per latest MCA records.

    05 Sep 2023

  • Charges

    A charge with Others amounted to Rs. 0.29 Cr with Charge ID 100837286 was registered on 02 Sep 2023.

    02 Sep 2023

  • Charges

    A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100785236 was registered on 24 Aug 2023.

    24 Aug 2023

Frequently asked questions

  • Muthoot Mercantile Limited was incorporated on 03 Mar 1997.

  • The authorized share capital of Muthoot Mercantile Limited is ₹ 55.00 Cr and paid-up capital is ₹ 36.42 Cr.

  • Currently 8 directors are associated with Muthoot Mercantile Limited.

    • Rajeev Madhavannair Rohiniamha
    • Antony Robert John
    • Asha Richi Mathew
    • Ammini Mathew
    • Richi Mathew
    • Mathew Mathaininan
    • Neethu C Biju
    • Dillark Justin
  • As per Ministry of Corporate Affairs (Mca), the registered address of Muthoot Mercantile Limited is 1StfloorNorthblockMuthootfloorsOppositew&ChospitalThycaud, Thiruvananthapuram, Kerala, India, 695014.

  • The corporate identification number (CIN) of Muthoot Mercantile Limited is U65921KL1997PLC011260 and the company number is 011260 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Muthoot Mercantile Limited is https://www.muthootenterprises.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Muthoot Mercantile Limited has risen by 41.25%.

  • As Per 2023 financial reports, 201 employees are currently employed by Muthoot Mercantile Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Muthoot Mercantile Limited has experienced an upsurge of 15.50%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Muthoot Mercantile Limited amount to ₹ 463.58 Cr.

  • The most recent Balance Sheet for Muthoot Mercantile Limited was filed with the ROC on 31 Mar 2023.

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