About Alvarez & Marsal India Private Limited
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Alvarez & Marsal India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Alvarez & Marsal India Holding Llc. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 17 September 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH2007PTC234641. Its GSTIN is 27AAGCA5352E1ZV (Maharashtra). The company holds 8 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.1 Cr. It is led by directors including Himanshu Bajaj (Managing Director) and Luis Felipe De Lucio Jr.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹673.15 Cr, a growth of 89% compared to the previous year. For the same year it recorded a net loss of ₹28.52 Cr (net margin -4.2%) and EBITDA of -₹23.8 Cr (EBITDA margin -3.5%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 29% over five years.
The company has about 610 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹50 Lakh on record. Court records list 15 cases involving the company, including 1 filed by the company and 14 filed against it; 4 cases are pending. The company has 8 deals on record (5 rights issues, 3 secondary share transfers); the latest was in March 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website alvarezandmarsal.com.
Company details
CIN history
Alvarez & Marsal India has one previous CIN (Corporate Identification Number): U74140DL2007PTC168263. The current CIN is U74140MH2007PTC234641, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140MH2007PTC234641 | Current |
| U74140DL2007PTC168263 | Previous |
Contact details
Alvarez & Marsal India Private Limited's registered office is in Mumbai, Maharashtra. Its website is alvarezandmarsal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 601 And 602 6th Floor Tower 2A One World Centre Senapati Bapat Marg Lo, Wer Parel, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Alvarez & Marsal India 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 Alvarez & Marsal India is professional, scientific and technical activities. In detail, this covers activities of head offices; management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 70 | Activities of head offices; management consultancy activities |
To see the full business activity and turnover split of Alvarez & Marsal India Private Limited, buy the company report.
Financials of Alvarez & Marsal India Private Limited
FY 2026 filings availableAlvarez & Marsal India Private Limited reported revenue of ₹673.15 Cr (up 89% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 89% growth in the latest year. EBITDA rose 25% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹673.15 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹23.8 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹28.52 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 | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.5% | ||||
| Net Profit Margin | -4.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Alvarez & Marsal India Private Limited, buy the company report.
Board of directors of Alvarez & Marsal India Private Limited
Alvarez & Marsal India has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Luis Felipe De Lucio Jr | Director | 20 Jun 2023 | 3 Years 4 Months | Current |
| Himanshu Bajaj | Managing Director | 19 Sep 2024 | 2 Years 1 Months | Current |
| Daniel Marc Feigenbaum | Director | 24 Feb 2014 | 12 Years 8 Months | Current |
Auditor
Alvarez & Marsal India Private Limited is audited by BANSI S. MEHTA & CO. for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BANSI S. MEHTA & CO. | FY 2026 | 100991W |
Shareholding
The shareholding of Alvarez & Marsal India Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Alvarez & Marsal India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jul 2022 | 100598207 | The Hongkong and Shanghai Banking Corporation Limited | ₹50 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Alvarez & Marsal India Private Limited has 8 deals on record (5 rights issues, 3 secondary share transfers); the latest was in March 2025.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Rights issue | ₹43.25 Cr | Investors: Alvarez & Marsal Holdings, LLC |
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: Alvarez & Marsal Holdings, LLC Seller: Alvarez & Marsal India Holdings, LLC |
| Feb 2020 | Rights issue | ₹7.13 Cr | Investors: Alvarez & Marsal India Holdings, LLC |
| Feb 2019 | Rights issue | ₹73.46 Cr | Investors: Alvarez & Marsal India Holdings, LLC |
| Mar 2017 | Rights issue | ₹36.66 Cr | Investors: Alvarez & Marsal India Holdings, LLC |
To see the full deal history of Alvarez & Marsal India Private 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
Alvarez & Marsal India Private Limited has 15 court cases on record: 1 filed by Alvarez & Marsal India, 14 filed against it. 4 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 3 |
| High courts | 5 | 4 | 1 |
| NCLAT | 3 | 3 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Court II | Tribunal matter | Filed against the company by Srei Infrastructure Finance Ltd and 1 other | Disposed |
| District court, South Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by M/S Odisha Slurry Pipeline Infrastructure Ltd. and 1 other | Disposed |
| District court, GANDHINAGAR, Gujarat | Court case (REWA) | Filed against the company by Gujarat Operational Creditors Association Through Manager Mr. Kamlesh Luhar | Pending |
| District court, GANDHINAGAR, Gujarat | Commercial matter | Filed against the company by Gujarat Operational Creditors Association Through Manager Mr. Kamlesh Luhar and 1 other | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by Arcellormittal Nippon Steel India Limited | Pending |
To see the full case history of Alvarez & Marsal India 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 Alvarez & Marsal India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Alvarez & Marsal India Private Limited has a workforce of 610 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 610 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 | |
| FY 2014-15 | |
| FY 2013-14 | |
| FY 2012-13 | |
| FY 2011-12 | |
| FY 2010-11 |
To see the full employee and EPFO history of Alvarez & Marsal India Private Limited, buy the company report.
GST
Alvarez & Marsal India has 8 GST registrations: 5 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCA5352E1ZV | Maharashtra | Active | 01 Jul 2017 |
| 27AAGCA5352E3ZT | Maharashtra | Active | 18 Mar 2025 |
| 07AAGCA5352E3ZV | Delhi | Active | 06 Feb 2018 |
| 29AAGCA5352E1ZR | Karnataka | Active | 08 Jun 2022 |
To see the full GST registrations and return filing status of Alvarez & Marsal India Private Limited, buy the company report.
Recent activity
Alvarez & Marsal India Private Limited has 13 board changes on record since 2010: 3 appointments and 10 cessations. The latest: Himanshu Bajaj was appointed as Managing Director on 19 Sep 2024.
5 earlier events are in the company report.
News
Frequently asked questions
Alvarez & Marsal India is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 17 September 2007 (19+ years old) and is registered under CIN U74140MH2007PTC234641.
Alvarez & Marsal India has 3 current directors:
- Himanshu Bajaj - Managing Director
- Luis Felipe De Lucio Jr - Director
- Daniel Marc Feigenbaum - Director
The latest financial statements of Alvarez & Marsal India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Alvarez & Marsal India is 27AAGCA5352E1ZV, registered in Maharashtra. The company has 8 GST registrations in all, of which 5 are active and 3 are cancelled or inactive. Other active GSTINs include 27AAGCA5352E3ZT (Maharashtra), 07AAGCA5352E3ZV (Delhi), 29AAGCA5352E1ZR (Karnataka).
The CIN (Corporate Identification Number) of Alvarez & Marsal India is U74140MH2007PTC234641. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Alvarez & Marsal India has 15 court cases on record: 1 filed by the company and 14 filed against it. 4 are pending. Most are in the district courts.
Alvarez & Marsal India was incorporated on 17 September 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Alvarez & Marsal India has 8 deals on record (5 rights issues, 3 secondary share transfers); the latest was in March 2025.
Himanshu Bajaj was appointed as Managing Director on 19 Sep 2024. Himanshu Bajaj ceased to be Additional Director on 19 Sep 2024. Luis Felipe De Lucio Jr ceased to be Additional Director on 27 Sep 2023. Alvarez & Marsal India has 13 board changes on record in total.
Alvarez & Marsal India can be reached through the website alvarezandmarsal.com. Its registered office is in Mumbai, Maharashtra, India.
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