About Iti Capital Limited
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Iti Capital Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of The Investment Trust Of India Limited. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 02 November 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH1999PLC122493. Its GSTIN is 27AAACI7644B1ZS (Maharashtra).
The company has an authorised share capital of ₹7.05 Cr and a paid-up capital of ₹6.99 Cr. It was formerly known as Iti Capital & Merchant Banking Limited and Iti Capital Advisors Private Limited. It is led by directors including Pallavi Nilesh Shinde (Whole-Time Director) and Shivang Bipin Unadkat.
Its last annual general meeting (AGM) was held on 23 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Iti House 36 Dr. R. K. Shirodkar Marg Parel, Mumbai, Maharashtra, India – 400012.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.46 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹95.38 Lakh (net margin 17.5%) and EBITDA of ₹1.43 Lakh (EBITDA margin 0.3%). Revenue has declined at a compounded annual rate (CAGR) of 32% over three years and 18% over five years.
The company has about 7 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: ITI Capital. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it. The company has 3 deals on record (3 acquisitions); the latest was in May 2014.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iticapital.in.
Company details
Name history
Iti Capital has undergone 11 name changes throughout its history. The current legal name is Iti Capital Limited.
| Company Name | Status |
|---|---|
| Iti Capital Limited | Current |
| Iti Capital & Merchant Banking Limited | Previous |
| Iti Capital Advisors Private Limited | Previous |
| Iti Capital Advisors Limited | Previous |
| Iti Investment Banking Limited | Previous |
| Iti Merchant Banking Limited | Previous |
| Inga Capital Limited | Previous |
| Collins Stewart Inga Private Limited | Previous |
| Inga Capital Private Limited | Previous |
| Iti Capital Services Limited | Previous |
| Inga Advisors Private Limited | Previous |
CIN history
Iti Capital has one previous CIN (Corporate Identification Number): U74140MH1999PTC122493. The current CIN is U74140MH1999PLC122493, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140MH1999PLC122493 | Current |
| U74140MH1999PTC122493 | Previous |
Contact details
Iti Capital Limited's registered office is in Mumbai, Maharashtra. Its website is iticapital.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressIti House 36 Dr. R. K. Shirodkar Marg Parel, Mumbai, Maharashtra, India – 400012
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Iti Capital 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
Brands
Iti Capital operates one associated brand: ITI Capital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Full-service stock brokerage is provided from London by ITI Capital. | iticapital.com |
Financials of Iti Capital Limited
FY 2025 filings availableIti Capital Limited reported revenue of ₹5.46 Cr (down 11% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 11% fall in the latest year. EBITDA fell 99% 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 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 | ₹5.46 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.43 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹95.38 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.3% | ||||
| Net Profit Margin | 17.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of Iti Capital Limited, buy the company report.
Board of directors of Iti Capital Limited
Iti Capital has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivang Bipin Unadkat Also directs: Ief Fleet LLP | Director | 17 Aug 2021 | 5 Years 2 Months | Current |
| Pallavi Nilesh Shinde Also directs: Neue Allianz Corporate Services Private Limited | Whole-Time Director | 07 Nov 2019 | 7 Years 0 Months | Current |
| Darshna Devang Mehta Also directs: Unimed Technologies Limited., Man-Maya Developers Private Limited, Winstar Mercantile Company Private Limited and 5 more | Director | 06 Apr 2018 | 8 Years 7 Months | Current |
Auditor
Iti Capital Limited is audited by Bathiya & Associates Llp for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bathiya & Associates Llp | FY 2023 | 101046W |
Shareholding
The shareholding of Iti Capital Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Iti Capital Limited, buy the company report.
Deals & funding
Iti Capital Limited has 3 deals on record (3 acquisitions); the latest was in May 2014.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2014 | Acquisition | Undisclosed | Buyer: The Investment Trust Of India Limited |
| Dec 2011 | Acquisition | Undisclosed | Buyer: an individual |
| Feb 2007 | Acquisition | Undisclosed | Buyer: Collins Stewart Hawkpoint Plc |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Iti Capital Limited has 6 court cases on record: 2 filed by Iti Capital, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 0 |
| High courts | 3 | 3 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, GANDHINAGAR, Gujarat | Court case (MCA) | Filed against the company by Sterling Holiday Resorts India Limited | Disposed |
| District court, GANDHINAGAR, Gujarat | Court case (MCA) | Filed by the company against Sterling Holiday Resorts India Limited and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Indiana Dairy Specialities Ltd | Disposed |
| High Court, GUJARAT | Commercial suit | Filed against the company by Gujarat Industrial Investment Corporation Ltd. | Disposed |
| High Court, GUJARAT | Commercial suit | Filed against the company by an individual | Disposed |
To see the full case history of Iti Capital Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Iti Capital Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Iti Capital has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Neue Allianz Corporate Services Private Limited | U75123MH2006PTC161104 |
To see the full group structure of Iti Capital Limited, buy the company report.
Employees & EPFO
Iti Capital Limited has a workforce of 7 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 7 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Iti Capital Limited, buy the company report.
GST
Iti Capital has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI7644B1ZS | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Iti Capital Limited, buy the company report.
Recent activity
Iti Capital Limited has 15 board changes on record since 2007: 3 appointments and 12 cessations. The latest: Haroon Noormohamed Mansuri ceased to be Company Secretary on 31 Mar 2022.
6 earlier events are in the company report.
News
Frequently asked questions
Iti Capital is an active public limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 02 November 1999 (27+ years old) and is registered under CIN U74140MH1999PLC122493.
Iti Capital has 3 current directors:
- Pallavi Nilesh Shinde - Whole-Time Director
- Shivang Bipin Unadkat - Director
- Darshna Devang Mehta - Director
The latest financial statements of Iti Capital on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Iti Capital is 27AAACI7644B1ZS, registered in Maharashtra.
The CIN (Corporate Identification Number) of Iti Capital is U74140MH1999PLC122493. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iti Capital has 6 court cases on record: 2 filed by the company and 4 filed against it. Most are in the district courts.
Iti Capital was incorporated on 02 November 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
Iti Capital has 3 deals on record (3 acquisitions); the latest was in May 2014.
Haroon Noormohamed Mansuri ceased to be Company Secretary on 31 Mar 2022. Shivang Bipin Unadkat ceased to be Additional Director on 27 Sep 2021. Shivang Bipin Unadkat was appointed as Director on 17 Aug 2021. Iti Capital has 15 board changes on record in total.
Iti Capital can be reached through the website iticapital.in. Its registered office is in Mumbai, Maharashtra, India.
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