Recmands Wealth Management Private Limited
About Recmands Wealth Management Private Limited
Data last updated:
Recmands Wealth Management 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 02 March 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2012PTC227574. Its GSTIN is 27AAFCR7171K1ZX (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Niranjan Mafatlal Kansara and Dharmesh Mafatlal Kansara.
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 2022, the company reported a revenue of ₹3.75 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹638 (net margin -0.2%) and EBITDA of ₹53,940 (EBITDA margin 14.4%). Revenue has grown at a compounded annual rate (CAGR) of 155% over three years and 20% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Recmands Wealth Management Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2B/3 2nd Floor Bldg.No.21 Dr. N. Shah Marg Chirabazar Marine, Lines (E), Mumbai, Maharashtra, India – 400002
- IndustryFinancial Services, Advisory, Financial Brokerage, Consultancy
To see the full contact details of Recmands Wealth Management 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 Recmands Wealth Management is professional, scientific and technical activities. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 74 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Recmands Wealth Management Private Limited, buy the company report.
Financials of Recmands Wealth Management Private Limited
FY 2025 filings availableRecmands Wealth Management Private Limited reported revenue of ₹3.75 Lakh (up 275% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 275% growth in the latest year. EBITDA rose 78% 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
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| EBITDA | ₹53,940 | ||||
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| Net Profit (PAT) | -₹638 | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | 14.4% | ||||
| Net Profit Margin | -0.2% | ||||
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To see the full financial statements and ratios of Recmands Wealth Management Private Limited, buy the company report.
Board of directors of Recmands Wealth Management Private Limited
Recmands Wealth Management has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Niranjan Mafatlal Kansara | Director | 02 Mar 2012 | 14 Years 7 Months | Current |
| Dharmesh Mafatlal Kansara Also directs: Rahil Realty Ventures LLP | Director | 02 Mar 2012 | 14 Years 7 Months | Current |
Shareholding
The shareholding of Recmands Wealth Management 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 Recmands Wealth Management Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Recmands Wealth Management 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 Recmands Wealth Management Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Recmands Wealth Management has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCR7171K1ZX | Maharashtra | Active | 22 Jul 2020 |
To see the full GST registrations and return filing status of Recmands Wealth Management Private Limited, buy the company report.
Recent activity
Recmands Wealth Management Private Limited has 3 board changes on record since 2012: 2 appointments and 1 cessation. The latest: Aarti Jatin Sheth ceased to be Director on 05 Mar 2017.
Frequently asked questions
Recmands Wealth Management 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 02 March 2012 (14+ years old) and is registered under CIN U67190MH2012PTC227574.
Recmands Wealth Management has 2 current directors:
- Niranjan Mafatlal Kansara - Director
- Dharmesh Mafatlal Kansara - Director
The latest financial statements of Recmands Wealth Management 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 Recmands Wealth Management is 27AAFCR7171K1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Recmands Wealth Management is U67190MH2012PTC227574. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Recmands Wealth Management was incorporated on 02 March 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Aarti Jatin Sheth ceased to be Director on 05 Mar 2017. Dharmesh Mafatlal Kansara was appointed as Director on 02 Mar 2012. Niranjan Mafatlal Kansara was appointed as Director on 02 Mar 2012.
The registered office of Recmands Wealth Management is at 2B3 2nd Floor Bldg.No.21 Dr. N. Shah Marg Chirabazar Marine, Lines E, Mumbai, Maharashtra, India – 400002.
Recmands Wealth Management operates in the financial services industry, in the advisory segment.
The compliance status of Recmands Wealth Management is compliant as of 07 September 2026. The company is actively filing with the Registrar of Companies.