Western Securities Limited
About Western Securities Limited
Data last updated:
Western Securities Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Hindustan Construction Company Limited. It operates in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 17 September 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1985PLC037511. Its GSTIN is 27AAACW0431C1ZX (Maharashtra).
The company has an authorised share capital of ₹2.01 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Ajit Gulabchand and Shalaka Gulabchand Dhawan.
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 ₹2.37 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.36 Cr (net margin 57.2%) and EBITDA of ₹1.88 Cr (EBITDA margin 79.2%). Revenue has grown at a compounded annual rate (CAGR) of 45% 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
Western Securities Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressHincon House Lal Bahadur Shashtri Marg Vikhroli (Wes, T), Mumbai, Maharashtra, India – 400083
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Western Securities 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 Western Securities 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 Western Securities Limited, buy the company report.
Financials of Western Securities Limited
FY 2025 filings availableWestern Securities Limited reported revenue of ₹2.37 Cr (up 296% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 296% growth in the latest year. EBITDA rose 541% 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 | ₹1.88 Cr | ||||
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| Net Profit (PAT) | ₹1.36 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 | 79.2% | ||||
| Net Profit Margin | 57.2% | ||||
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To see the full financial statements and ratios of Western Securities Limited, buy the company report.
Board of directors of Western Securities Limited
Western Securities has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajit Gulabchand Also directs: Hindustan Construction Company Limited, Champali Garden Private Limited, Seamarine Investments Private Limited and 4 more | Director | 19 Sep 1997 | 29 Years 1 Months | Current |
| Shalaka Gulabchand Dhawan Also directs: Champali Garden Private Limited, Seamarine Investments Private Limited, Shalaka Investment Private Limited and 4 more | Director | 02 May 2018 | 8 Years 5 Months | Current |
| Parmita Mandal Also directs: Badarpur Faridabad Tollway Limited | Additional Director | 11 Feb 2025 | 1 Years 8 Months | Current |
Auditor
Western Securities Limited is audited by MEHTA & PAI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHTA & PAI | FY 2023 | 113591W |
Shareholding
The shareholding of Western Securities 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 Western Securities Limited, buy the company report.
Legal cases
No court or tribunal cases involving Western Securities 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 Western Securities Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Western Securities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW0431C1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Western Securities Limited, buy the company report.
Recent activity
Western Securities Limited has 10 board changes on record since 1997: 3 appointments and 7 cessations. The latest: Parmita Mandal was appointed as Additional Director on 11 Feb 2025.
1 earlier event is in the company report.
Frequently asked questions
Western Securities is an active public limited company based in Mumbai, Maharashtra, India. The company works in insurance brokerage and advisory, within the financial services industry. It was incorporated on 17 September 1985 (41+ years old) and is registered under CIN U67120MH1985PLC037511.
Western Securities has 3 current directors:
- Ajit Gulabchand - Director
- Shalaka Gulabchand Dhawan - Director
- Parmita Mandal - Additional Director
The latest financial statements of Western Securities 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 Western Securities is 27AAACW0431C1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Western Securities is U67120MH1985PLC037511. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Western Securities was incorporated on 17 September 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
Parmita Mandal was appointed as Additional Director on 11 Feb 2025. Aniruddha Singh ceased to be Additional Director on 28 Sep 2022. Aditya Pratap Jain ceased to be Director on 04 May 2022. Western Securities has 10 board changes on record in total.
The registered office of Western Securities is at Hincon House Lal Bahadur Shashtri Marg Vikhroli Wes, T, Mumbai, Maharashtra, India – 400083.
Western Securities operates in the financial services industry, in the insurance brokerage and advisory segment.
The compliance status of Western Securities is compliant as of 10 September 2026. The company is actively filing with the Registrar of Companies.