Cornerstone Securities Limited
About Cornerstone Securities Limited
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Cornerstone Securities Limited is a public limited company based in New Delhi, Delhi, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 16 June 1995.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1995PLC069850. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.01 Cr. It is led by directors including Tapash Kumar Majumdar and Jitender Arora (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 06 June 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at C – 18 Green Park Main, New Delhi, Delhi, India – 110016.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.16 Lakh, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹12.89 Lakh (net margin -407.9%) and EBITDA of -₹12.89 Lakh (EBITDA margin -407.9%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 20% over five years.
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- Registered AddressC – 18 Green Park Main, New Delhi, Delhi, India – 110016
- IndustryFinancial Services, Financial Activities
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Financials of Cornerstone Securities Limited FY 2023 filings available
Cornerstone Securities Limited reported revenue of ₹3.16 Lakh (down 28% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Cornerstone Securities Limited
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 28% fall in the latest year. EBITDA fell 121% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Cornerstone Securities Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹12.89 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹12.89 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Cornerstone Securities Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -407.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -407.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Cornerstone Securities are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Cornerstone Securities Limited
Cornerstone Securities Limited is audited by AKAR & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AKAR & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Cornerstone Securities Limited
Cornerstone Securities has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tapash Kumar Majumdar | Director | 16 Jun 1995 | 31 Years 3 Months | As last reported |
| Jitender Arora | Irp/Rp/Liquidator | 16 Aug 2023 | 3 Years 1 Months | As last reported |
| Sanjukta Majumdar | Director | 09 Jul 2001 | 25 Years 3 Months | As last reported |
| Swapna Majumdar | Director | 09 Jul 2001 | 25 Years 3 Months | As last reported |
Ownership and Shareholding of Cornerstone Securities Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Cornerstone Securities Limited
Cornerstone Securities Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Cornerstone Securities Limited
Employment history and EPFO contributions of people linked to Cornerstone Securities.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Cornerstone Securities Limited
Cornerstone Securities Limited has 4 board changes on record since 1995: 4 appointments. The latest: Jitender Arora was appointed as Irp/Rp/Liquidator on 16 Aug 2023.
Credit Ratings, Litigation & Regulatory Alerts for Cornerstone Securities Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Cornerstone Securities Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Cornerstone Securities Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Cornerstone Securities Limited
Cornerstone Securities has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Cornerstone Securities Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Cornerstone Securities Limited
Cornerstone Securities is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Cornerstone Securities is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in financial activities, within the financial services industry. It was incorporated on 16 June 1995 and is registered under CIN U74899DL1995PLC069850. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Cornerstone Securities reported revenue of ₹3.16 Lakh for FY 2023 (down 28% YoY).
Cornerstone Securities has 4 current directors:
- Tapash Kumar Majumdar - Director
- Sanjukta Majumdar - Director
- Swapna Majumdar - Director
- Jitender Arora - Irp/Rp/Liquidator
Cornerstone Securities reported a net loss of ₹12.89 Lakh (net margin -407.9%) and EBITDA of -₹12.89 Lakh (EBITDA margin -407.9%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Cornerstone Securities is -28% over three years and -20% over five years. In the latest year (FY 2023) revenue fell 28%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Cornerstone Securities is U74899DL1995PLC069850. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cornerstone Securities was incorporated on 16 June 1995. It is registered with the Registrar of Companies, Delhi.
Jitender Arora was appointed as Irp/Rp/Liquidator on 16 Aug 2023. Sanjukta Majumdar was appointed as Director on 09 Jul 2001. Swapna Majumdar was appointed as Director on 09 Jul 2001. Cornerstone Securities has 4 board changes on record in total.
The registered office of Cornerstone Securities is at C – 18 Green Park Main, New Delhi, Delhi, India – 110016.