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ActiveMumbai, MaharashtraSince 1949

Mercantile and Industrial Development Co Limited

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Set up in 1949 in Mumbai. Every loan it took against its assets has been paid off.

CINU29300MH1949PLC007872
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76 years at a glance

Loans against its assets, and when today's people joined

195019521954195619581960196219641966196819701972197419761978198019821984198619881990199219941996199820002002200420062008201020122014201620182020202220242026LOANS AGAINST ITS ASSETSTODAY'S PEOPLE, WHEN THEY JOINEDRegistered as a companyUnion Bank of India, up to ₹15 crore, 9 Dec 2000 to 18 May 2017Union Bank of India, up to ₹5 crore, 25 Sept 2001 to 18 May 2017Union Bank of India, up to ₹148 crore, 1 Oct 2001 to 18 May 2017Union Bank, up to ₹60 lakh, 1 Oct 2001 to 18 May 2017Union Bank, up to ₹1 crore, 25 Dec 2001 to 18 May 2017Union Bank of India, up to ₹23 lakh, 19 Oct 2004 to 18 May 2017State Bank of Pataila, up to ₹10 crore, 29 Dec 2004 to 23 Dec 2008HDFC Bank Limited, up to ₹4 lakh, 17 Aug 2010 to 4 Dec 2013Kotak Mahindra Prime Limited, up to ₹3 lakh, 31 Aug 2010 to 12 Nov 2013Kotak Mahindra Prime Limited, up to ₹6.35 lakh, 16 Dec 2011 to 3 Aug 2015Bank of Baroda, up to ₹12 crore, 19 Apr 2012 to 15 Jul 2016Kotak Mahindra Prime Limited, up to ₹5.23 lakh, 30 Apr 2012 to 28 Jul 2015Kotak Mahindra Prime Limited, up to ₹5.16 lakh, 30 Apr 2012 to 28 Jul 2015Kotak Mahindra Prime Limited, up to ₹5.27 lakh, 21 Jun 2012 to 5 Aug 2015Kotak Mahindra Prime Limited, up to ₹6.23 lakh, 29 Jun 2012 to 28 Jul 2015HDFC Bank Limited, up to ₹24 lakh, 21 Nov 2013 to 7 Mar 2018Kotak Mahindra Prime Limited, up to ₹12.68 lakh, 31 Jan 2014 to 2 Nov 2015Union Bank of India, up to ₹168 crore, 23 Dec 2016 to 16 Apr 2021
Loan still openLoan paid offSomeone joined, and is still there
  • 1949Registered as a company on 12 Nov 1949.
  • 2016Its biggest loan against assets, ₹168 crore with Union Bank of India, was paid off in 2021.

Who runs it

This page does not list its directors yet. Open the company in Entiva to see who runs it on MCA's register today.

Who has lent to it

None still open. Every loan it took against its assets has been paid off.

18 earlier loans, now paid off
  • Union Bank of India23 Dec 2016 to 16 Apr 2021₹168 crore
  • Kotak Mahindra Prime Limited31 Jan 2014 to 2 Nov 2015₹12.68 lakh
  • HDFC Bank Limited21 Nov 2013 to 7 Mar 2018₹24 lakh
  • Kotak Mahindra Prime Limited29 Jun 2012 to 28 Jul 2015₹6.23 lakh
  • Kotak Mahindra Prime Limited21 Jun 2012 to 5 Aug 2015₹5.27 lakh
  • Kotak Mahindra Prime Limited30 Apr 2012 to 28 Jul 2015₹5.23 lakh
  • Kotak Mahindra Prime Limited30 Apr 2012 to 28 Jul 2015₹5.16 lakh
  • Bank of Baroda19 Apr 2012 to 15 Jul 2016₹12 crore
  • Kotak Mahindra Prime Limited16 Dec 2011 to 3 Aug 2015₹6.35 lakh
  • Kotak Mahindra Prime Limited31 Aug 2010 to 12 Nov 2013₹3 lakh
  • HDFC Bank Limited17 Aug 2010 to 4 Dec 2013₹4 lakh
  • State Bank of Pataila29 Dec 2004 to 23 Dec 2008₹10 crore
  • Union Bank of India19 Oct 2004 to 18 May 2017₹23 lakh
  • Union Bank25 Dec 2001 to 18 May 2017₹1 crore
  • Union Bank of India1 Oct 2001 to 18 May 2017₹148 crore
  • Union Bank1 Oct 2001 to 18 May 2017₹60 lakh
  • Union Bank of India25 Sept 2001 to 18 May 2017₹5 crore
  • Union Bank of India9 Dec 2000 to 18 May 2017₹15 crore

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The details on this page come from public records, including MCA's register of companies as Entiva read it on . Things may have changed since. A loan amount is the most the lender can claim against the company's assets, not what is still owed.