About Sicomoro Advisors Private Limited
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Sicomoro Advisors Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 09 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2017PTC301619. Its GSTIN is 27AAZCS4486J1ZA (Maharashtra).
The company has an authorised share capital of ₹2.25 Cr and a paid-up capital of ₹1.94 Cr. It is led by directors including Pradeep Dokania and Nilesh Ramesh Ganjwala.
Its last annual general meeting (AGM) was held on 10 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 ₹10.43 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹1.25 Cr (net margin 11.9%) and EBITDA of ₹2 Cr (EBITDA margin 19.2%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 56% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹5.51 Cr; the latest was in April 2018. Its 3 peer companies in the BFSI industry (Asset Management), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 2 larger and 1 smaller; the largest is Itus Capital Advisors Private Limited with revenue of ₹12 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sicomoro.in.
Company details
Contact details
Sicomoro Advisors Private Limited's registered office is in Mumbai, Maharashtra. Its website is sicomoro.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No 102 1st Floor Pharma Search House 72/73 Worli Hill Estate Dr. B.G. Kher R, Oad Worli, Mumbai, Maharashtra, India – 400018
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Sicomoro 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 Sicomoro Advisors is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Sicomoro Advisors Private Limited, buy the company report.
Financials of Sicomoro Advisors Private Limited
FY 2025 filings availableSicomoro Advisors Private Limited reported revenue of ₹10.43 Cr (up 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 56% over five years, including 24% growth in the latest year. EBITDA fell 12% 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 | ₹2 Cr | ||||
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| Net Profit (PAT) | ₹1.25 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 | 19.2% | ||||
| Net Profit Margin | 11.9% | ||||
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To see the full financial statements and ratios of Sicomoro Advisors Private Limited, buy the company report.
Board of directors of Sicomoro Advisors Private Limited
Sicomoro Advisors has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Dokania Also directs: Sicomoro Solutions LLP, Warmond Fiduciary Services Limited | Director | 09 Nov 2017 | 8 Years 11 Months | Current |
| Nilesh Ramesh Ganjwala | Director | 09 Nov 2017 | 8 Years 11 Months | Current |
| Amit Khandelwal | Director | 07 Dec 2017 | 8 Years 10 Months | Current |
Peer comparison
Sicomoro Advisors Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Asset Management), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Itus Capital Advisors Private Limited | ₹12 Cr (FY 2025) | 100.0% | Chennai, Tamil Nadu, India | |||
| Raay Global Investments Private Limited | ₹10.98 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Sicomoro Advisors Private Limitedthis company | ₹10.43 Cr (FY 2025) | ₹1.25 Cr | 11.9% | 24.0% | 23 | Mumbai, Maharashtra, India |
| Greenoak India Investment Advisors Private Limited | ₹10.28 Cr (FY 2025) | 24.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Sicomoro Advisors Private Limited, buy the company report.
Auditor
Sicomoro Advisors Private Limited is audited by M M Nissim & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M M Nissim & Co. | FY 2023 | 107122W |
Shareholding
The shareholding of Sicomoro 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 |
|---|---|---|---|---|---|
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| Others |
To see the full shareholding pattern of Sicomoro Advisors Private Limited, buy the company report.
Deals & funding
Sicomoro Advisors Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹5.51 Cr; the latest was in April 2018.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2018 | Funding round | ₹4.3 Cr | Investors: Innergize Solutions Private Limited , 2 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Dec 2017 | Funding round | ₹1.21 Cr | Investors: Innergize Solutions Private Limited , 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Sicomoro 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 Sicomoro Advisors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sicomoro Advisors Private Limited has a workforce of 23 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Sicomoro Advisors has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAZCS4486J1ZA | Maharashtra | Active | 15 Dec 2017 |
To see the full GST registrations and return filing status of Sicomoro Advisors Private Limited, buy the company report.
Recent activity
Sicomoro Advisors Private Limited has 5 board changes on record since 2017: 3 appointments and 2 cessations. The latest: Amit Khandelwal ceased to be Additional Director on 29 Sep 2018.
Frequently asked questions
Sicomoro Advisors is an active private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 09 November 2017 (9+ years old) and is registered under CIN U67190MH2017PTC301619.
Sicomoro Advisors has 3 current directors:
- Pradeep Dokania - Director
- Nilesh Ramesh Ganjwala - Director
- Amit Khandelwal - Director
The latest financial statements of Sicomoro Advisors on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Sicomoro Advisors is 27AAZCS4486J1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sicomoro Advisors is U67190MH2017PTC301619. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sicomoro Advisors was incorporated on 09 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Sicomoro Advisors has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹5.51 Cr; the latest was in April 2018.
The peers of Sicomoro Advisors by revenue are Itus Capital Advisors Private Limited, Raay Global Investments Private Limited, Greenoak India Investment Advisors Private Limited, all in the BFSI industry (Asset Management), with the same principal business activity (financial advisory, brokerage and consultancy services).
Amit Khandelwal ceased to be Additional Director on 29 Sep 2018. Rakesh Jagdish Bhatia ceased to be Additional Director on 23 Feb 2018. Amit Khandelwal was appointed as Director on 07 Dec 2017. Sicomoro Advisors has 5 board changes on record in total.
Sicomoro Advisors can be reached through the website sicomoro.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Sicomoro Advisors is at Unit No 102 1st Floor Pharma Search House 7273 Worli Hill Estate Dr. B.G. Kher R, Oad Worli, Mumbai, Maharashtra, India – 400018.