About Achintya Securities Limited
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Achintya Securities Limited is a public limited company based in Gandhinagar, Gujarat, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 16 July 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74900GJ2007PLC124025. Its GSTIN is 24AAFCM2199G1ZF (Gujarat). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.1 Cr. It was formerly known as Madhuraj Securities Private Limited. It is led by directors including Abhishek Agarwal (Managing Director) and Arpit Agarwal (Whole-Time Director).
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 Gandhinagar, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,842.1 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹117.58 Cr (net margin 6.4%) and EBITDA of ₹180.01 Cr (EBITDA margin 9.8%).
The company has about 9 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Achintya. As per MCA filings, the company has open charges of ₹1,120.45 Cr and satisfied charges of ₹99.48 Cr on record. Court records list 8 cases involving the company, including 3 filed by the company and 5 filed against it; 2 cases are pending. The company has 20 deals on record (11 secondary share transfers, 6 rights issues, 3 funding rounds), with disclosed funding of ₹1.99 Cr; the latest was in July 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website achintya.co.in.
Company details
Name history
Achintya Securities has undergone 2 name changes throughout its history. The company was previously known as Madhuraj Securities Private Limited, and Achintya Securities Limited. The current legal name is Achintya Securities Limited.
| Company Name | Status |
|---|---|
| Achintya Securities Limited | Current |
| Madhuraj Securities Private Limited | Previous |
CIN history
Achintya Securities has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74900GJ2007PLC124025, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900GJ2007PLC124025 | Current |
| U74900GJ2007PTC124025 | Previous |
| U74900UP2007PTC033617 | Previous |
Contact details
Achintya Securities Limited's registered office is in Gandhinagar, Gujarat. Its website is achintya.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address12th Floor Unit No. 1208 Dalal Street Block No. 53, Building No. 53E Road 5E Zone 5, Gandhinagar, Gujarat, India – 382050
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Achintya 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
Brands
Achintya Securities operates one associated brand: Achintya. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial broking services in stocks, commodities, and currencies in India. | achintya.co.in |
Business activity
The main business activity of Achintya Securities 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 Achintya Securities Limited, buy the company report.
Financials of Achintya Securities Limited
FY 2025 filings availableAchintya Securities Limited reported revenue of ₹1,842.1 Cr (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year. EBITDA fell 20% in the latest 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,842.1 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹180.01 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹117.58 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 9.8% | ||||
| Net Profit Margin | 6.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Achintya Securities Limited, buy the company report.
Board of directors of Achintya Securities Limited
Achintya Securities has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhishek Agarwal Also directs: Agarwal Thermopac India LLP, Achintya Shares & Comotrade LLP, Madhulika Infradevelopers LLP and 5 more | Managing Director | 16 Jul 2007 | 19 Years 3 Months | Current |
| Arpit Agarwal Also directs: Agarwal Thermopac India LLP, Madhulika Infradevelopers LLP, Madhulika Drycleaners LLP and 5 more | Whole-Time Director | 22 Jun 2010 | 16 Years 4 Months | Current |
| Dolly Khandelwal Also directs: Achintya Securities Limited, Excelencia Securities Private Limited | Director | 03 Apr 2025 | 1 Years 6 Months | Current |
| Deepika Agarwal Also directs: Achintya Securities Limited, Jet Knitwears Limited | Director | 03 Apr 2025 | 1 Years 6 Months | Current |
| Avantika Mishra Also directs: Achintya Securities Limited, Jet Knitwears Limited | Additional Director | 02 Apr 2026 | 0 Years 6 Months | Current |
Auditor
Achintya Securities Limited is audited by P.K. GAUR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.K. GAUR & ASSOCIATES | FY 2023 | 005311N |
Shareholding
The shareholding of Achintya 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Achintya Securities Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Oct 2025 | 101181132 | Hdfc Bank Limited | ₹595 Cr | Open | |
| 23 Jan 2024 | 100861631 | Others | ₹45 Lakh | Open | |
| 02 Jun 2023 | 100751571 | Axis Bank Limited | ₹125 Cr | Open | |
| 29 Mar 2023 | 100699794 | Others | ₹250 Cr | Open | |
| 09 Feb 2023 | 100690846 | Others | ₹150 Cr | Open |
To see the full charge records of Achintya Securities Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Achintya Securities Limited has 20 deals on record (11 secondary share transfers, 6 rights issues, 3 funding rounds), with disclosed funding of ₹1.99 Cr; the latest was in July 2024.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2024 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jun 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Apr 2023 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Satish Chand Agarwal Huf, Shubhan Agarwal HUF, 2 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Virtual Vintrade Private Limited , Jit Finance Pvt Ltd , Almighty Mercantile Private Limited , an individual |
| Mar 2012 | Funding round | ₹1.68 Cr | Investors: Almighty Mercantile Private Limited , Castle Fincon Pvt Ltd , Virtual Vintrade Private Limited |
To see the full deal history of Achintya Securities Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Achintya Securities Limited has 8 court cases on record: 3 filed by Achintya Securities, 5 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 1 |
| High courts | 3 | 0 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Dy Commissioner of Income Tax Central Circle 6(4), Mumbai | Pending |
| District court, Agra, Uttar Pradesh | Criminal miscellaneous application | Filed against the company by Up State | Pending |
| District court, Mathura, Uttar Pradesh | Court case (Motar Vehicle Act) | Filed against the company by State Government | Disposed |
| Allahabad High Court | Court case (WTAX) | Filed by the company against Union of India and 4 Others | Disposed |
| District court, Kanpur Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of Up | Disposed |
To see the full case history of Achintya Securities Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Achintya Securities Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Achintya Securities Limited has a workforce of 9 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Achintya Securities has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCM2199G1ZF | Gujarat | Active | 27 Jul 2021 |
| 27AAFCM2199G1Z9 | Maharashtra | Active | 22 May 2025 |
To see the full GST registrations and return filing status of Achintya Securities Limited, buy the company report.
Recent activity
Achintya Securities Limited has 12 board changes on record since 2007: 5 appointments and 7 cessations. The latest: Avantika Mishra was appointed as Additional Director on 02 Apr 2026.
23 earlier events are in the company report.
Frequently asked questions
Achintya Securities is an active public limited company based in Gandhinagar, Gujarat, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 16 July 2007 (19+ years old) and is registered under CIN U74900GJ2007PLC124025.
Achintya Securities has 5 current directors:
- Abhishek Agarwal - Managing Director
- Arpit Agarwal - Whole-Time Director
- Dolly Khandelwal - Director
- Deepika Agarwal - Director
- Avantika Mishra - Additional Director
The latest financial statements of Achintya 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 Achintya Securities is 24AAFCM2199G1ZF, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAFCM2199G1Z9 (Maharashtra).
The CIN (Corporate Identification Number) of Achintya Securities is U74900GJ2007PLC124025. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Achintya Securities has 8 court cases on record: 3 filed by the company and 5 filed against it. 2 are pending. Most are in the district courts.
Achintya Securities was incorporated on 16 July 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Achintya Securities has 20 deals on record (11 secondary share transfers, 6 rights issues, 3 funding rounds), with disclosed funding of ₹1.99 Cr; the latest was in July 2024.
Avantika Mishra was appointed as Additional Director on 02 Apr 2026. Deepika Agarwal was appointed as Director on 03 Apr 2025. Dolly Khandelwal was appointed as Director on 03 Apr 2025. Achintya Securities has 12 board changes on record in total.
Achintya Securities can be reached through the website achintya.co.in. Its registered office is in Gandhinagar, Gujarat, India.