About Karma Capital Advisors Private Limited
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Karma Capital Advisors Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the portfolio management services segment of the financial services sector. It was incorporated on 19 August 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2004PTC148102. Its GSTIN is 27AACCK4787F1ZA (Maharashtra).
The company has an authorised share capital of ₹6 Lakh and a paid-up capital of ₹5.92 Lakh. It is led by directors including Rushabh Vinod Sheth (Whole-Time Director) and Nikhil Praful Desai (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Floor 12U Suite 1 Remi Commercio Off Veera Desai Road Andheri (West), Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2025, the company reported a revenue of ₹28.27 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹7.94 Cr (net margin 28.1%) and EBITDA of ₹10.66 Cr (EBITDA margin 37.7%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 31% over five years.
The company has about 7 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karmacapital.co.in.
Company details
CIN history
Karma Capital Advisors has one previous CIN (Corporate Identification Number): U67190MH2005PTC148102. The current CIN is U67190MH2004PTC148102, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190MH2004PTC148102 | Current |
| U67190MH2005PTC148102 | Previous |
Contact details
Karma Capital Advisors Private Limited's registered office is in Mumbai, Maharashtra. Its website is karmacapital.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFloor 12U Suite 1 Remi Commercio Off Veera Desai Road Andheri (West), Mumbai, Maharashtra, India – 400053
- IndustryFinancial Services, Portfolio Management Services
To see the full contact details of Karma Capital Advisors 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
Business activity
The main business activity of Karma Capital Advisors is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Karma Capital Advisors Private Limited, buy the company report.
Financials of Karma Capital Advisors Private Limited
FY 2025 filings availableKarma Capital Advisors Private Limited reported revenue of ₹28.27 Cr (up 44% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 44% growth in the latest year. EBITDA rose 71% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹10.66 Cr | ||||
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| Net Profit (PAT) | ₹7.94 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 37.7% | ||||
| Net Profit Margin | 28.1% | ||||
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To see the full financial statements and ratios of Karma Capital Advisors Private Limited, buy the company report.
Board of directors of Karma Capital Advisors Private Limited
Karma Capital Advisors has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rushabh Vinod Sheth Also directs: Karma Capital Managers Ifsc Private Limited | Whole-Time Director | 09 Dec 2004 | 21 Years 10 Months | Current |
| Priti Nikhil Desai | Director | 09 Dec 2004 | 21 Years 10 Months | Current |
| Heema Rushabh Sheth | Director | 21 Jul 2014 | 12 Years 3 Months | Current |
| Nikhil Praful Desai | Whole-Time Director | 09 Dec 2004 | 21 Years 10 Months | Current |
Auditor
Karma Capital Advisors Private Limited is audited by B.S. SHAH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.S. SHAH & CO. | FY 2023 | 109509W |
Shareholding
The shareholding of Karma Capital Advisors 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 Karma Capital Advisors Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Karma Capital Advisors 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 Karma Capital Advisors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Karma Capital Advisors has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Karma Capital Managers Ifsc Private Limited | U67110GJ2022PTC133069 |
To see the full group structure of Karma Capital Advisors Private Limited, buy the company report.
Employees & EPFO
Karma Capital Advisors Private Limited has a workforce of 7 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Karma Capital Advisors has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCK4787F1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karma Capital Advisors Private Limited, buy the company report.
Recent activity
Karma Capital Advisors Private Limited has 8 board changes on record since 2004: 4 appointments and 4 cessations. The latest: Nikhil Praful Desai ceased to be Whole-Time Director on 22 Dec 2019.
Frequently asked questions
Karma Capital Advisors is an active private limited company based in Mumbai, Maharashtra, India. The company works in portfolio management services, within the financial services industry. It was incorporated on 19 August 2004 (22+ years old) and is registered under CIN U67190MH2004PTC148102.
Karma Capital Advisors has 4 current directors:
- Rushabh Vinod Sheth - Whole-Time Director
- Nikhil Praful Desai - Whole-Time Director
- Priti Nikhil Desai - Director
- Heema Rushabh Sheth - Director
The latest financial statements of Karma Capital Advisors on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Karma Capital Advisors is 27AACCK4787F1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Karma Capital Advisors is U67190MH2004PTC148102. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karma Capital Advisors was incorporated on 19 August 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Nikhil Praful Desai ceased to be Whole-Time Director on 22 Dec 2019. Rushabh Vinod Sheth ceased to be Whole-Time Director on 22 Dec 2019. Heema Rushabh Sheth ceased to be Additional Director on 30 Sep 2014. Karma Capital Advisors has 8 board changes on record in total.
Karma Capital Advisors can be reached through the website karmacapital.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Karma Capital Advisors is at Floor 12U Suite 1 Remi Commercio Off Veera Desai Road Andheri West, Mumbai, Maharashtra, India – 400053.
Karma Capital Advisors operates in the financial services industry, in the portfolio management services segment.
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