Akar Brokers Private Limited
About Akar Brokers Private Limited
Data last updated:
Akar Brokers Private Limited was a private limited company based in Surat, Gujarat, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the financial auxiliary services segment of the financial services sector. It was incorporated on 28 April 2022.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67190GJ2022PTC131527.
The company had an authorised share capital of ₹18.5 Lakh and a paid-up capital of ₹18.5 Lakh. It was led by directors Mumtaz Deven Desai and Deven Jayavantlal Desai.
Its last annual general meeting (AGM) was held on 30 October 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 308 Woodsquar Nr. Vasupujy Apt. Opp Tgb Hotel Adajan, Surat, Gujarat, India – 395009.
As per the financials filed for FY 2023, the company reported a revenue of ₹19.26 Lakh. For the same year it recorded a net profit of ₹5.1 Lakh (net margin 26.4%) and EBITDA of ₹6.7 Lakh (EBITDA margin 34.8%).
Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Akar Brokers Private Limited's registered office is in Surat, Gujarat.
- Registered Address308 Woodsquar Nr. Vasupujy Apt. Opp Tgb Hotel Adajan, Surat, Gujarat, India – 395009
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
- 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 Akar Brokers 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 Akar Brokers Private Limited, buy the company report.
Financials of Akar Brokers Private Limited
FY 2023 filings availableAkar Brokers Private Limited reported revenue of ₹19.26 Lakh for FY 2023.
Financial Statement Summary
| Metrics | FY 2022-23 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
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| Depreciation and Amortisation | |
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| Total Expenses | |
| EBITDA | ₹6.7 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹5.1 Lakh |
| Balance Sheet | |
| Share Capital | |
| Reserves and Surplus | |
| Net Worth (Total Equity) | |
| Long-term Borrowings | |
| Short-term Borrowings | |
| Trade Payables | |
| Total Liabilities | |
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| Inventories | |
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| Cash and Bank Balance | |
| Total Assets | |
Financial Ratios
| Metrics | FY 2022-23 |
|---|---|
| Profitability | |
| EBITDA Margin | 34.8% |
| Net Profit Margin | 26.4% |
| 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 | |
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| Net Profit Growth | |
To see the full financial statements and ratios of Akar Brokers Private Limited, buy the company report.
Board of directors of Akar Brokers Private Limited
Akar Brokers has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mumtaz Deven Desai | Director | 28 Apr 2022 | 4 Years 6 Months | As last reported |
| Deven Jayavantlal Desai | Director | 28 Apr 2022 | 4 Years 6 Months | As last reported |
Peer comparison
Akar Brokers Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Zero Error Consultancy Private Limited | ₹19.28 Lakh (FY 2025) | 2.0% | Bhubaneswar, Odisha, India | |||
| Calfin Mastro Private Limited | ₹19.28 Lakh (FY 2020) | 1.0% | Hyderabad, Telangana, India | |||
| Eco Collection Private Limited | ₹19.28 Lakh (FY 2024) | -1.0% | New Delhi, Delhi, India | |||
| Investwise Asset Services Private Limited | ₹19.28 Lakh (FY 2025) | 18.0% | Shimla, Himachal Pradesh, India | |||
| Think Cxo Services Private Limited | ₹19.27 Lakh (FY 2025) | 75.0% | New Delhi, Delhi, India | |||
| Akar Brokers Private Limitedthis company | ₹19.26 Lakh (FY 2023) | ₹5.1 Lakh | 26.4% | Surat, Gujarat, India | ||
| V Goyal Financial Services Private Limited | ₹19.25 Lakh (FY 2025) | 10.0% | Amritsar, Punjab, India | |||
| Isht Consultants Private Limited | ₹19.24 Lakh (FY 2024) | -31.0% | New Delhi, Delhi, India | |||
| V J S K Finsecure Management Consultancy Services Private Limited | ₹19.23 Lakh (FY 2024) | 9.0% | Vadodara, Gujarat, India | |||
| Dewdrop Tracon Private Limited | ₹19.23 Lakh (FY 2025) | -2.0% | Kolkata, West Bengal, India | |||
| Bonzer Research Private Limited | ₹19.22 Lakh (FY 2025) | -45.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Akar Brokers Private Limited, buy the company report.
Legal cases
Akar Brokers Private Limited has 1 court case on record: 1 filed by Akar Brokers. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Akar Brokers Private 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 Akar Brokers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Akar Brokers Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Akar Brokers Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Deven Jayavantlal Desai was appointed as Director on 28 Apr 2022.
Frequently asked questions
Akar Brokers has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Akar Brokers was a private limited company based in Surat, Gujarat, India. The company worked in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 28 April 2022 and is registered under CIN U67190GJ2022PTC131527. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Akar Brokers is U67190GJ2022PTC131527. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akar Brokers had 2 directors:
- Mumtaz Deven Desai - Director
- Deven Jayavantlal Desai - Director
Akar Brokers was incorporated on 28 April 2022. It is registered with the Registrar of Companies, Ahmedabad.
The registered office of Akar Brokers is at 308 Woodsquar Nr. Vasupujy Apt. Opp Tgb Hotel Adajan, Surat, Gujarat, India – 395009.
The latest financial statements of Akar Brokers on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 October 2023. Year-wise statements from FY 2023 are in the company report.
Akar Brokers operated in the financial services industry, in the auxiliary to financial intermediatory segment.
The peers of Akar Brokers by revenue are Zero Error Consultancy Private Limited, Calfin Mastro Private Limited, Eco Collection Private Limited, Investwise Asset Services Private Limited, Think Cxo Services Private Limited and 5 more, all in the same principal business activity (financial advisory, brokerage and consultancy services).
Akar Brokers has 1 court case on record: 1 filed by the company.
Deven Jayavantlal Desai was appointed as Director on 28 Apr 2022. Mumtaz Deven Desai was appointed as Director on 28 Apr 2022.
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