About Equirus Private Limited
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Equirus Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Equirus Capital Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 07 August 2008.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U70200MH2008PTC185564. Its GSTIN is 27AAFCM6811R2ZU (Maharashtra). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹6.75 Cr. It was formerly known as Equirus Finance Private Limited and Equirus Digital Private Limited. It was led by directors including Arun Rameshchandra Garg and Pritam Barkataki.
Its last annual general meeting (AGM) was held on 30 May 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.28 Cr, a growth of 76% compared to the previous year. For the same year it recorded a net loss of ₹64.2 Lakh (net margin -28.2%) and EBITDA of -₹61.7 Lakh (EBITDA margin -27.1%). Revenue has grown at a compounded annual rate (CAGR) of 358% over three years.
The company has 8 deals on record (3 secondary share transfers, 2 funding rounds, 2 rights issues), with disclosed funding of ₹1.54 Cr; the latest was in May 2019. Its 8 peer companies in the BFSI industry (Insurance Broking Firms), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 4 larger and 4 smaller; the largest is Advance India Insurance Broker Services Limited with revenue of ₹2.38 Cr.
The last known website on record is equirus.com.
Company details
Name history
Equirus has undergone 6 name changes throughout its history. The current legal name is Equirus Private Limited.
| Company Name | Status |
|---|---|
| Equirus Private Limited | Current |
| Equirus Finance Private Limited | Previous |
| Equirus Digital Private Limited | Previous |
| Marjan Capital Private Limited | Previous |
| Tg Equirus Realty Private Limited | Previous |
| Tg Equirus Reality Private Limited | Previous |
CIN history
Equirus has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U70200MH2008PTC185564, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70200MH2008PTC185564 | Current |
| U45200MH2008PTC185564 | Previous |
| U67100MH2008PTC185564 | Previous |
| U67120MH2008PTC185564 | Previous |
| U74110MH2008PTC185564 | Previous |
Contact details
Equirus Private Limited's registered office is in Mumbai, Maharashtra. Its website is equirus.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 2102 B 21st Floor A Wing Marathon Futurex, N.M.Joshi Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Equirus Private Limited, buy the company report.
- 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
Financials of Equirus Private Limited
FY 2025 filings availableEquirus Private Limited reported revenue of ₹2.28 Cr (up 76% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 358% over three years, including 76% growth in the latest year. EBITDA rose 41% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | -₹61.7 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹64.2 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -27.1% | ||||
| Net Profit Margin | -28.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Equirus Private Limited, buy the company report.
Board of directors of Equirus Private Limited
Equirus has 5 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Rameshchandra Garg | Director | 07 Dec 2020 | 5 Years 11 Months | As last reported |
| Pritam Barkataki | Director | 07 Dec 2020 | 5 Years 11 Months | As last reported |
| Prachi Mishra | Director | 20 Jan 2023 | 3 Years 9 Months | As last reported |
| Vidyadhar Mangesh Shanbhag | Director | 22 Jan 2025 | 1 Years 9 Months | As last reported |
| Rajkumar Navani | Director | 22 Jan 2025 | 1 Years 9 Months | As last reported |
Peer comparison
Equirus Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Insurance Broking Firms), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Advance India Insurance Broker Services Limited | ₹2.38 Cr (FY 2024) | 359.0% | Jalandhar, Punjab, India | |||
| Western Securities Limited | ₹2.37 Cr (FY 2025) | 296.0% | Mumbai, Maharashtra, India | |||
| Glide Insurance Broking Services Private Limited | ₹2.3 Cr (FY 2023) | -7.0% | Hyderabad, Telangana, India | |||
| Cosmos Insurance Brokers Private Limited | ₹2.3 Cr (FY 2025) | 13.0% | Kochi, Kerala, India | |||
| Equirus Private Limitedthis company | ₹2.28 Cr (FY 2024) | -₹64.2 Lakh | -28.2% | 76.0% | Mumbai, Maharashtra, India | |
| Virtual Galaxy Insurance Brokers Private Limited | ₹2.24 Cr (FY 2025) | 9.0% | Bangalore, Karnataka, India | |||
| Maklav Insurance Brokers Private Limited | ₹2.24 Cr (FY 2025) | 12.0% | Kolkata, West Bengal, India | |||
| Preferred Partners Insurance Brokers Private Limited | ₹2.23 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Four Brothers Express Insurance Brokers Private Limited | ₹2.22 Cr (FY 2025) | 7.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Equirus Private Limited, buy the company report.
Auditor
Equirus Private Limited is audited by N A Shah Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N A Shah Associates LLP | FY 2023 | 116560W/W100149 |
Shareholding
The shareholding of Equirus Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Equirus Private Limited, buy the company report.
Deals & funding
Equirus Private Limited has 8 deals on record (3 secondary share transfers, 2 funding rounds, 2 rights issues), with disclosed funding of ₹1.54 Cr; the latest was in May 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2019 | Rights issue | ₹1.37 Cr | Investors: M Trust, SPL Trust, Equirus Capital Limited |
| Jul 2018 | Rights issue | ₹37.5 Lakh | Investors: Equirus Capital Limited |
| Apr 2018 | Funding round | ₹45.5 Lakh | Investors: Equirus Capital Limited |
| Apr 2011 | Acquisition | Undisclosed | Buyer: Equirus Capital Limited Seller: NCML Finance Private Limited |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: NCML Finance Private Limited Seller: Equirus Capital Limited |
To see the full deal history of Equirus Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Equirus Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Equirus Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Equirus has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCM6811R2ZU | Maharashtra | Active | 07 Sep 2017 |
To see the full GST registrations and return filing status of Equirus Private Limited, buy the company report.
Recent activity
Equirus Private Limited has 23 board changes on record since 2010: 5 appointments and 18 cessations. The latest: Rajkumar Navani ceased to be Additional Director on 23 Mar 2025.
14 earlier events are in the company report.
News
Frequently asked questions
Equirus has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Equirus was a private limited company based in Mumbai, Maharashtra, India. The company worked in insurance brokerage and advisory, within the financial services industry. It was incorporated on 07 August 2008 and is registered under CIN U70200MH2008PTC185564. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Equirus was incorporated on 07 August 2008. It is registered with the Registrar of Companies, Mumbai.
Equirus had 5 directors:
- Arun Rameshchandra Garg - Director
- Pritam Barkataki - Director
- Prachi Mishra - Director
- Vidyadhar Mangesh Shanbhag - Director
- Rajkumar Navani - Director
The CIN (Corporate Identification Number) of Equirus is U70200MH2008PTC185564. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Equirus is at A – 2102 B 21st Floor A Wing Marathon Futurex, N.M.Joshi Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
Equirus can be reached through the website equirus.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Equirus on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 May 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Equirus is 27AAFCM6811R2ZU, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Equirus operated in the financial services industry, in the insurance brokerage and advisory segment.
Equirus has 8 deals on record (3 secondary share transfers, 2 funding rounds, 2 rights issues), with disclosed funding of ₹1.54 Cr; the latest was in May 2019.
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