About Saltwater Associates Private Limited
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Saltwater Associates Private Limited is a private limited company based in Margao, Goa, India. It operates in the advisory services segment of the financial services sector. It was incorporated on 21 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U74140GA2014PTC007410. Its GSTIN is 30AAUCS5460P1ZO (Goa).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Gautam Verlekar and Manguirish P Kunde.
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 Krishna Bernado Costa Road Near Damodar Temple, Margao, Goa, India – 403601.
As per the financials filed for FY 2025, the company reported a revenue of ₹48.94 Lakh, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹7.41 Lakh (net margin 15.1%) and EBITDA of ₹19.37 Lakh (EBITDA margin 39.6%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three 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 saltwaterassociates.com.
Company details
Contact details
Saltwater Associates Private Limited's registered office is in Margao, Goa. Its website is saltwaterassociates.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressKrishna Bernado Costa Road Near Damodar Temple, Margao, Goa, India – 403601
- IndustryFinancial Services, Advisory, Consultancy, Financial Brokerage
To see the full contact details of Saltwater Associates 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 Saltwater Associates is financial and insurance service. In detail, this covers banking activities by central, commercial and saving banks.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K1 | Banking activities by Central, Commercial and Saving banks |
To see the full business activity and turnover split of Saltwater Associates Private Limited, buy the company report.
Financials of Saltwater Associates Private Limited
FY 2025 filings availableSaltwater Associates Private Limited reported revenue of ₹48.94 Lakh (down 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA rose 17% 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 | ₹19.37 Lakh | ||||
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| Net Profit (PAT) | ₹7.41 Lakh | ||||
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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 | 39.6% | ||||
| Net Profit Margin | 15.1% | ||||
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To see the full financial statements and ratios of Saltwater Associates Private Limited, buy the company report.
Board of directors of Saltwater Associates Private Limited
Saltwater Associates 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 |
|---|---|---|---|---|
| Gautam Verlekar Also directs: Saltwater Human Capital LLP, Saltwater Venture Sparks LLP, Saltwater Sutra Seeds LLP and 3 more | Director | 21 Jan 2014 | 12 Years 9 Months | Current |
| Manguirish P Kunde Also directs: 22Nd Hospitality & Leisure LLP, Kunde Cars & Bikes Private Limited | Director | 02 May 2019 | 7 Years 6 Months | Current |
Peer comparison
Saltwater Associates Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (banking activities by central, commercial and saving banks), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Stimuli Lifestyle Private Limited | ₹51.98 Lakh (FY 2024) | 379.0% | Delhi, India | |||
| Saksham Mutual Benefit Nidhi Limited | ₹50.7 Lakh (FY 2019) | 665.0% | New Delhi, Delhi, India | |||
| MGK Financial Services Private Limited | ₹49.57 Lakh (FY 2023) | 230.0% | Vadodara, Gujarat, India | |||
| Hari Sankara Benefit Fund Limited | ₹49.36 Lakh (FY 2025) | 8.0% | Tirukoilur, Tamil Nadu, India | |||
| Bafna Investments and Financial Services Private Limited | ₹49.3 Lakh (FY 2024) | 654.0% | Pune, Maharashtra, India | |||
| Saltwater Associates Private Limitedthis company | ₹48.94 Lakh (FY 2025) | ₹7.41 Lakh | 15.1% | -9.0% | Margao, Goa, India | |
| TFF Resource Management and Solutions Private Limited | ₹48.36 Lakh (FY 2024) | -59.0% | Kanpur, Uttar Pradesh, India | |||
| Raj Chit Fund Thoothukudi Private Limited | ₹45.8 Lakh (FY 2025) | 17.0% | Thoothukudi, Tamil Nadu, India | |||
| Jagadhatri Vyapaar Pvt Ltd | ₹45.21 Lakh (FY 2025) | -3.0% | Kolkata, West Bengal, India | |||
| Valheru Capital Advisors Private Limited | ₹44.37 Lakh (FY 2024) | -11.0% | Chennai, Tamil Nadu, India | |||
| Marudhara Nidhi Limited | ₹44.32 Lakh (FY 2023) | 29.0% | Mangalore, Karnataka, India |
To see the full peer comparison of Saltwater Associates Private Limited, buy the company report.
Auditor
Saltwater Associates Private Limited is audited by MITALI TALWADKAR & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MITALI TALWADKAR & ASSOCIATES | FY 2017 | 137460W |
Shareholding
The shareholding of Saltwater Associates Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Saltwater Associates Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Saltwater Associates 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 Saltwater Associates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Saltwater Associates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAUCS5460P1ZO | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saltwater Associates Private Limited, buy the company report.
Recent activity
Saltwater Associates Private Limited has 4 board changes on record since 2014: 3 appointments and 1 cessation. The latest: Manguirish P Kunde was appointed as Director on 02 May 2019.
Frequently asked questions
Saltwater Associates is an active private limited company based in Margao, Goa, India. The company works in advisory, within the financial services industry. It was incorporated on 21 January 2014 (12+ years old) and is registered under CIN U74140GA2014PTC007410.
Saltwater Associates has 2 current directors:
- Gautam Verlekar - Director
- Manguirish P Kunde - Director
The latest financial statements of Saltwater Associates 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 Saltwater Associates is 30AAUCS5460P1ZO, registered in Goa.
The CIN (Corporate Identification Number) of Saltwater Associates is U74140GA2014PTC007410. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saltwater Associates was incorporated on 21 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Saltwater Associates by revenue are Stimuli Lifestyle Private Limited, Saksham Mutual Benefit Nidhi Limited, MGK Financial Services Private Limited, Hari Sankara Benefit Fund Limited, Bafna Investments and Financial Services Private Limited and 5 more, all in the same principal business activity (banking activities by central, commercial and saving banks).
Manguirish P Kunde was appointed as Director on 02 May 2019. Sanjiv Desai ceased to be Director on 02 May 2019. Gautam Verlekar was appointed as Director on 21 Jan 2014. Saltwater Associates has 4 board changes on record in total.
Saltwater Associates can be reached through the website saltwaterassociates.com. Its registered office is in Margao, Goa, India.
The registered office of Saltwater Associates is at Krishna Bernado Costa Road Near Damodar Temple, Margao, Goa, India – 403601.
Saltwater Associates operates in the financial services industry, in the advisory segment.
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