India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #1,608 Chetan Ramniklal Shah & family ₹1,200 Cr
- #1,608 Mayur Ramniklal Shah & family ₹1,200 Cr
Revenue · FY 2025
₹35.32 Lakh
▲ 59% YoY
Net profit · FY 2025
₹24.25 Lakh
Net margin 68.7%
EBITDA · FY 2025
₹35.12 Lakh
EBITDA margin 99.4%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.01 Cr
Issued & subscribed
Company age
18 yrs
Est. 2008
Directors on board
2
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Marathon Fiscal Private Limited
Data last updated:
Marathon Fiscal Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the advisory services segment of the financial services sector. It was incorporated on 28 May 2008 and has been in existence for over 18 years.
Its director Chetan Ramniklal Shah and family are #1,608 among India's richest people (2026). Its director Mayur Ramniklal Shah and family are #1,608 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67100MH2008PTC182753.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.01 Cr. It is led by directors Chetan Ramniklal Shah and Mayur Ramniklal Shah.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹35.32 Lakh, a growth of 59% compared to the previous year. For the same year it recorded a net profit of ₹24.25 Lakh (net margin 68.7%) and EBITDA of ₹35.12 Lakh (EBITDA margin 99.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 3% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marathon.in.
Company details
CIN U67100MH2008PTC182753
Registration Number 182753
Incorporation Date 28 May 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Recognitions & Rankings of Marathon Fiscal
Contact details
Marathon Fiscal Private Limited's registered office is in Mumbai, Maharashtra. Its website is marathon.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address702 Marathon Max Junction Of Mulund – Goregaon Link Road M, Ulund West, Mumbai, Maharashtra, India – 400080
- IndustryFinancial Services, Advisory, Financial Brokerage, Consultancy
To see the full contact details of Marathon Fiscal Private Limited, buy the company report.
Comprehensive company report
Marathon Fiscal Private Limited - one report that includes everything
- 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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Business activity
The main business activity of Marathon Fiscal is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Marathon Fiscal Private Limited, buy the company report.
Financials of Marathon Fiscal Private Limited
FY 2025 filings availableMarathon Fiscal Private Limited reported revenue of ₹35.32 Lakh (up 59% YoY) for FY 2025.
Revenue · FY 2025
₹35.32 Lakh ▲ 59%
Net profit · FY 2025
₹24.25 Lakh margin 68.7%
EBITDA · FY 2025
₹35.12 Lakh margin 99.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 59%
3 years · compounded
▼ 2%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▲ 61%
3 years · compounded
▼ 2%
5 years · compounded
▲ 3%
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 59% growth in the latest year. EBITDA rose 61% 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 | ₹35.12 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹24.25 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 99.4% | ||||
| Net Profit Margin | 68.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Marathon Fiscal Private Limited, buy the company report.
Board of directors of Marathon Fiscal Private Limited
Marathon Fiscal has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Ramniklal Shah Also directs: Marathon Construction LLP, Marathon Buildcon LLP, Matrix Green Housing and Commercial Developers LLP and 5 more | Director | 28 May 2008 | 18 Years 5 Months | Current |
| Mayur Ramniklal Shah Also directs: Marathon Construction LLP, Marathon Buildcon LLP, Matrix Green Housing and Commercial Developers LLP and 5 more | Director | 28 May 2008 | 18 Years 5 Months | Current |
Peer comparison
Marathon Fiscal Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Synergy Finmart Private Limited | ₹35.4 Lakh (FY 2025) | 74.0% | Thane, Maharashtra, India | |||
| Bombay Microcare Foundation | ₹35.39 Lakh (FY 2025) | 178.0% | Thane, Maharashtra, India | |||
| Rible Media Private Limited | ₹35.37 Lakh (FY 2025) | -71.0% | New Delhi, Delhi, India | |||
| Ramapati Consultants Private Limited | ₹35.35 Lakh (FY 2025) | -87.0% | Kolkata, West Bengal, India | |||
| BJB Investment and Finance Private Limited | ₹35.34 Lakh (FY 2025) | 101.0% | Mumbai, Maharashtra, India | |||
| Marathon Fiscal Private Limitedthis company | ₹35.32 Lakh (FY 2025) | ₹24.25 Lakh | 68.7% | 59.0% | Mumbai, Maharashtra, India | |
| Edakkara Mithra Nidhi Limited | ₹35.3 Lakh (FY 2025) | 38.0% | Edakkara, Kerala, India | |||
| Divyanshu Financial Services Private Limited | ₹35.29 Lakh (FY 2024) | -5.0% | Delhi, India | |||
| Nand Kishore Investments Private Limited | ₹35.28 Lakh (FY 2025) | 282.0% | Thane, Maharashtra, India | |||
| JRG Capital Private Limited | ₹35.28 Lakh (FY 2025) | 7.0% | Delhi, India | |||
| Srikara Veeranjaneya Chit Funds Private Limited | ₹35.26 Lakh (FY 2025) | 8.0% | Nellore, Andhra Pradesh, India |
To see the full peer comparison of Marathon Fiscal Private Limited, buy the company report.
Auditor
Marathon Fiscal Private Limited is audited by SUDHIR DESAI & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUDHIR DESAI & CO. | FY 2017 | 125516W |
Shareholding
The shareholding of Marathon Fiscal Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Marathon Fiscal Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Marathon Fiscal 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 Marathon Fiscal Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Marathon Fiscal Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Marathon Fiscal Private Limited has 2 board changes on record since 2008: 2 appointments. The latest: Chetan Ramniklal Shah was appointed as Director on 28 May 2008.
AGM
Marathon Fiscal Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Marathon Fiscal Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Chetan Ramniklal Shah was appointed as Director.
Appointed
Mayur Ramniklal Shah was appointed as Director.
Incorporation
28 May 2008
Marathon Fiscal Private Limited was registered on 28 May 2008 with Roc Mumbai I & aged 18 years 5 months as per MCA records.
News
Frequently asked questions
Marathon Fiscal is an active private limited company based in Mumbai, Maharashtra, India. The company works in advisory, within the financial services industry. It was incorporated on 28 May 2008 (18+ years old) and is registered under CIN U67100MH2008PTC182753.
Marathon Fiscal has 2 current directors:
- Chetan Ramniklal Shah - Director
- Mayur Ramniklal Shah - Director
The latest financial statements of Marathon Fiscal 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 CIN (Corporate Identification Number) of Marathon Fiscal is U67100MH2008PTC182753. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marathon Fiscal was incorporated on 28 May 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Marathon Fiscal by revenue are Synergy Finmart Private Limited, Bombay Microcare Foundation, Rible Media Private Limited, Ramapati Consultants Private Limited, BJB Investment and Finance Private Limited and 5 more, all in the same principal business activity (activities auxiliary to financial service and insurance activities).
Chetan Ramniklal Shah was appointed as Director on 28 May 2008. Mayur Ramniklal Shah was appointed as Director on 28 May 2008.
Marathon Fiscal can be reached through the website marathon.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Marathon Fiscal is at 702 Marathon Max Junction Of Mulund – Goregaon Link Road M, Ulund West, Mumbai, Maharashtra, India – 400080.
Marathon Fiscal operates in the financial services industry, in the advisory segment.
The compliance status of Marathon Fiscal is compliant as of 30 August 2026. The company is actively filing with the Registrar of Companies.
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