India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#294- Valuation
- ₹18,750 Cr
2023 #452
Market Cap
₹37,509 Cr
ANANDRATHI · NSE
Share Price
₹2,264.60
+0.25% today
Revenue
₹1,253 Cr
FY 2025-26 · +27.9% YoY
EBITDA
₹586 Cr
Margin 46.7%
Net Profit
₹395 Cr
FY 2025-26 · +31.8% YoY
P/E (TTM)
81.5x
P/B 28.9x
ROE
47.5%
ROCE 59.8%
Debt / Equity
0.10
Interest cover 2.9x
About Anand Rathi Wealth Limited
Data last updated:
Anand Rathi Wealth Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the financial product distributors segment of the financial services sector. It was incorporated on 22 March 1995 and has been in existence for over 31 years.
Anand Rathi Wealth is part of the Nifty 500 and BSE 500 indices. Its director Anand Rathi is #448 among India's richest people (2026). Its director Pradeep Kumar Gupta is #505 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L67120MH1995PLC086696. Its GSTIN is 27AAACH8136P1Z3 (Maharashtra). The company holds 15 GST registrations, of which 14 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543415 and NSE: ANANDRATHI.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹83.02 Cr. It was formerly known as Anand Rathi Wealth and Investment Limited and Ar Venture Funds Management Private Limited. It is led by directors including Rakesh Rawal (Whole-Time Director) and Anand Nandkishore Rathi.
Its last annual general meeting (AGM) was held on 21 May 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,253.06 Cr, a growth of 27.9% compared to the previous year. For the same year it recorded a net profit of ₹395.16 Cr (net margin 31.5%) and EBITDA of ₹585.72 Cr (EBITDA margin 46.7%). The net worth stands at ₹998.15 Cr (up 48.1% YoY). Total assets are valued at ₹1,099.37 Cr (up 41.8% YoY).
The company has about 831 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 2 brands: Anand Rathi Wealth and Anand Rathi Group. As per MCA filings, the company has open charges of ₹92.29 Cr and satisfied charges of ₹55.61 Cr on record. Court records list 7 cases involving the company, including 7 filed against it; 3 cases are pending. The company has 34 deals on record (19 secondary share transfers, 10 market trades, 3 funding rounds), with disclosed funding of ₹42.84 Cr; the latest was in August 2026. Its 4 peer companies in the BFSI industry (Financial Instrument Distributors), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 2 larger and 2 smaller; the largest is HDFC Sales Private Limited with revenue of ₹1,143.47 Cr. The company has 2 MSME Form 1 returns on record between 2019 and 2021, listing 5 overdue payments to 4 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rathi.com.
Company details
CIN L67120MH1995PLC086696
Registration Number 086696
Incorporation Date 22 March 1995
ROC Mumbai
Listing Status Listed - Listed on NSE (ANANDRATHI); Listed on BSE (543415)
Company Status Active
Date of Last AGM 21 May 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Name history
Anand Rathi Wealth has undergone 6 name changes throughout its history. The current legal name is Anand Rathi Wealth Limited.
| Company Name | Status |
|---|---|
| Anand Rathi Wealth Limited | Current |
| Anand Rathi Wealth And Investment Limited | Previous |
| Ar Venture Funds Management Private Limited | Previous |
| Hitkari Finvest Private Limited | Previous |
| Anand Rathi Wealth Services Limited | Previous |
| Ar Venture Funds Management Limited | Previous |
CIN history
Anand Rathi Wealth has one previous CIN (Corporate Identification Number): U67120MH1995PLC086696. The current CIN is L67120MH1995PLC086696, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L67120MH1995PLC086696 | Current |
| U67120MH1995PLC086696 | Previous |
Key People
Rakesh Rawal Whole-Time Director Anand Nandkishore Rathi Director Pradeep Navratan Gupta Director Recognitions & Rankings of Anand Rathi Wealth
India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #448 Anand Rathi ₹7,900 Cr
- #505 Pradeep Kumar Gupta ₹6,900 Cr
Stock market indices
Nifty 500 BSE 500
Contact details
Anand Rathi Wealth Limited's registered office is in Mumbai, Maharashtra. Its website is rathi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFloor No. 2 Block B & C E Wing Trade Link Kamala Mills Compound Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Financial Product Distributors
To see the full contact details of Anand Rathi Wealth Limited, buy the company report.
Comprehensive company report
Anand Rathi Wealth Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Anand Rathi Wealth operates two associated brands: Anand Rathi Wealth and Anand Rathi Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Anand Rathi Wealth provides comprehensive wealth management services, including portfolio advisory and planning. | anandrathiwealth.in | |
| Financial services encompassing wealth management and stock brokerage are offered. | rathi.com |
Business activity
The main business activity of Anand Rathi Wealth 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 Anand Rathi Wealth Limited, buy the company report.
Financials of Anand Rathi Wealth Limited
FY 2025-26 filings availableAnand Rathi Wealth Limited reported revenue of ₹1,253.06 Cr (up 27.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹1,253 Cr
+27.9% YoY
EBITDA
₹586 Cr
+32.8% YoY
Profit After Tax
₹395 Cr
+31.8% YoY
Net Worth
₹998 Cr
+48.1% YoY
Total Assets
₹1,099 Cr
+41.8% YoY
Total Debt
₹83.48 Cr
+5.3% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,253 | 980 | 752 | 559 | 424 | 273 | 336 |
| Revenue growth | +27.9% | +30.3% | +34.5% | +31.8% | +55.3% | -18.6% | - |
| EBITDA | 586 | 441 | 331 | 249 | 184 | 77.37 | 110 |
| EBITDA margin | +46.7% | +45.0% | +44.1% | +44.5% | +43.4% | +28.3% | +32.9% |
| Profit before tax | 536 | 405 | 306 | 228 | 168 | 62.89 | 86.96 |
| Net profit | 395 | 300 | 225 | 168 | 126 | 44.62 | 61.39 |
| Net profit margin | +31.5% | +30.6% | +29.9% | +30.1% | +29.7% | +16.3% | +18.3% |
| EPS (₹) | 47.66 | 36.11 | 53.79 | 40.40 | 30.40 | 16.22 | 22.71 |
| Balance sheet | |||||||
| Total assets | 1,099 | 775 | 717 | 521 | 397 | 302 | 258 |
| Net worth | 998 | 674 | 649 | 468 | 344 | 242 | 186 |
| Total debt | 83.48 | 79.31 | 51.67 | 36.72 | 39.25 | 47.55 | 41.73 |
| Cash & bank | 241 | 44.07 | 33.11 | 64.76 | 87.11 | 65.36 | 28.30 |
| Net working capital | 656 | 343 | 449 | 244 | 118 | 53.65 | (2.79) |
| Cash flow | |||||||
| Cash from operations | 281 | 244 | 278 | 83.89 | 145 | (17.91) | 140 |
| Cash from investing | 63.63 | 46.00 | (237) | (42.08) | (77.17) | 73.56 | (152) |
| Cash from financing | (142) | (279) | (72.01) | (64.16) | (46.50) | (18.58) | 28.20 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 344 | 322 | 288 | 290 | 297 | 274 | 222 | 237 |
| Revenue growth (YoY) | +15.7% | +17.5% | +29.7% | +22.2% | +22.6% | +15.3% | - | - |
| Other income | 12.61 | 110 | 68.40 | 16.19 | 9.77 | 10.24 | 19.39 | 7.14 |
| EBITDA | 117 | 109 | 84.79 | 131 | 137 | 128 | 90.84 | 107 |
| EBITDA margin | +34.0% | +33.7% | +29.5% | +45.4% | +46.2% | +46.6% | +40.9% | +45.2% |
| Depreciation | 9.33 | 9.15 | 9.52 | 8.64 | 8.30 | 7.68 | 7.13 | 6.53 |
| Interest | 3.20 | 3.58 | 3.40 | 3.57 | 4.83 | 3.99 | 3.67 | 3.54 |
| Profit before tax | 117 | 206 | 140 | 135 | 134 | 126 | 99.43 | 104 |
| Tax | 27.67 | 43.19 | 36.82 | 35.22 | 34.22 | 32.45 | 25.70 | 26.84 |
| Net profit | 89.26 | 163 | 103 | 100 | 99.90 | 93.90 | 73.73 | 77.30 |
| EPS (₹) | 5.30 | 9.67 | 12.28 | 12.07 | 6.02 | 11.31 | 8.87 | 18.59 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,208 | 943 | 720 | 538 | 408 | 260 | 327 |
| Revenue growth | +28.1% | +30.9% | +34.0% | +31.7% | +56.9% | -20.5% | - |
| EBITDA | 572 | 429 | 320 | 242 | 178 | 75.34 | 114 |
| EBITDA margin | +47.4% | +45.5% | +44.5% | +45.0% | +43.6% | +29.0% | +34.8% |
| Profit before tax | 527 | 398 | 300 | 226 | 166 | 62.36 | 95.77 |
| Net profit | 391 | 295 | 221 | 168 | 125 | 44.20 | 71.29 |
| Net profit margin | +32.4% | +31.3% | +30.8% | +31.3% | +30.7% | +17.0% | +21.8% |
| EPS (₹) | 47.15 | 35.58 | 52.94 | 40.34 | 30.14 | 16.06 | 26.37 |
| Balance sheet | |||||||
| Total assets | 1,112 | 789 | 737 | 545 | 421 | 320 | 283 |
| Net worth | 1,025 | 703 | 682 | 505 | 381 | 280 | 225 |
| Total debt | 83.25 | 78.78 | 51.42 | 36.27 | 38.87 | 33.36 | 41.73 |
| Cash & bank | 223 | 22.70 | 20.04 | 57.51 | 57.24 | 37.82 | 25.96 |
| Net working capital | 627 | 296 | 399 | 205 | 86.53 | 20.95 | (17.00) |
| Cash flow | |||||||
| Cash from operations | 254 | 352 | 267 | 109 | 147 | (23.50) | 143 |
| Cash from investing | 88.55 | (67.47) | (233) | (44.34) | (78.63) | 52.05 | (156) |
| Cash from financing | (142) | (282) | (71.80) | (64.18) | (48.92) | (16.68) | 28.46 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 334 | 313 | 277 | 279 | 286 | 265 | 213 | 228 |
| Revenue growth (YoY) | +16.6% | +18.2% | +30.0% | +22.4% | +22.2% | +15.4% | - | - |
| Other income | 11.16 | 109 | 66.92 | 15.84 | 8.51 | 9.07 | 18.44 | 6.38 |
| Total expenses | 217 | 205 | 194 | 150 | 152 | 139 | 125 | 124 |
| EBITDA | 116 | 108 | 83.10 | 130 | 134 | 125 | 88.67 | 104 |
| EBITDA margin | +34.8% | +34.6% | +30.0% | +46.3% | +46.8% | +47.4% | +41.6% | +45.7% |
| Depreciation | 7.92 | 7.75 | 8.28 | 7.37 | 7.04 | 6.39 | 5.85 | 5.24 |
| Interest | 3.17 | 3.54 | 3.39 | 3.56 | 4.82 | 3.98 | 3.65 | 3.52 |
| Profit before tax | 116 | 206 | 138 | 134 | 130 | 124 | 97.61 | 102 |
| Tax | 27.93 | 42.63 | 36.11 | 34.60 | 33.33 | 31.88 | 25.18 | 26.33 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 28 Oct 2026
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 344 | 322 | 288 | 290 | 297 | 274 | 222 | 237 |
| Revenue growth (YoY) | +15.7% | +17.5% | +29.7% | +22.2% | +22.6% | +15.3% | - | - |
| Other income | 12.61 | 110 | 68.40 | 16.19 | 9.77 | 10.24 | 19.39 | 7.14 |
| EBITDA | 117 | 109 | 84.79 | 131 | 137 | 128 | 90.84 | 107 |
| EBITDA margin | +34.0% | +33.7% | +29.5% | +45.4% | +46.2% | +46.6% | +40.9% | +45.2% |
| Depreciation | 9.33 | 9.15 | 9.52 | 8.64 | 8.30 | 7.68 | 7.13 | 6.53 |
| Interest | 3.20 | 3.58 | 3.40 | 3.57 | 4.83 | 3.99 | 3.67 | 3.54 |
| Profit before tax | 117 | 206 | 140 | 135 | 134 | 126 | 99.43 | 104 |
| Tax | 27.67 | 43.19 | 36.82 | 35.22 | 34.22 | 32.45 | 25.70 | 26.84 |
| Net profit | 89.26 | 163 | 103 | 100 | 99.90 | 93.90 | 73.73 | 77.30 |
| EPS (₹) | 5.30 | 9.67 | 12.28 | 12.07 | 6.02 | 11.31 | 8.87 | 18.59 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,253 | 980 | 752 | 559 | 424 | 273 | 336 |
| Revenue growth | +27.9% | +30.3% | +34.5% | +31.8% | +55.3% | -18.6% | - |
| Other income | 0.33 | 0.71 | 0.14 | 0.08 | 1.29 | 6.14 | 0.86 |
| Total expenses | 667 | 539 | 421 | 310 | 240 | 196 | 225 |
| Employee cost | 530 | 420 | 322 | 242 | 192 | 151 | 167 |
| EBITDA | 586 | 441 | 331 | 249 | 184 | 77.37 | 110 |
| EBITDA margin | +46.7% | +45.0% | +44.1% | +44.5% | +43.4% | +28.3% | +32.9% |
| Depreciation | 34.14 | 25.45 | 19.36 | 16.61 | 15.65 | 17.73 | 21.05 |
| Interest | 15.80 | 11.54 | 6.47 | 3.93 | 2.02 | 2.89 | 3.30 |
| Profit before tax | 536 | 405 | 306 | 228 | 168 | 62.89 | 86.96 |
| Tax | 139 | 104 | 79.79 | 59.78 | 40.79 | 18.26 | 25.34 |
| Net profit | 395 | 300 | 225 | 168 | 126 | 44.62 | 61.39 |
| Net profit margin | +31.5% | +30.6% | +29.9% | +30.1% | +29.7% | +16.3% | +18.3% |
| EPS (₹) | 47.66 | 36.11 | 53.79 | 40.40 | 30.40 | 16.22 | 22.71 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 41.51 | 41.51 | 20.91 | 20.84 | 20.81 | 13.76 | 13.51 |
| Reserves & surplus | 957 | 632 | 628 | 447 | 323 | 228 | 172 |
| Shareholders' funds (net worth) | 998 | 674 | 649 | 468 | 344 | 242 | 186 |
| Minority interest | 13.70 | 13.66 | 12.70 | 11.86 | 11.67 | 11.60 | 11.59 |
| Secured loans | 17.02 | 21.85 | 8.49 | 16.82 | 24.95 | 33.36 | 41.73 |
| Unsecured loans | 66.46 | 57.46 | 43.18 | 19.90 | 14.30 | 14.19 | 0.00 |
| Total debt | 83.48 | 79.31 | 51.67 | 36.72 | 39.25 | 47.55 | 41.73 |
| Total liabilities | 1,099 | 775 | 717 | 521 | 397 | 302 | 258 |
| Assets | |||||||
| Gross block | 324 | 289 | 229 | 207 | 179 | 103 | 121 |
| Net block | 191 | 188 | 152 | 136 | 124 | 55.16 | 74.24 |
| Capital work in progress | 0.00 | 0.00 | 0.82 | 0.00 | 0.00 | 69.04 | 65.39 |
| Investments | 265 | 244 | 112 | 106 | 104 | 104 | 103 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 42.76 | 35.45 | 28.25 | 17.13 | 14.90 | 10.87 | 9.11 |
| Cash & bank balances | 241 | 44.07 | 33.11 | 64.76 | 87.11 | 65.36 | 28.30 |
| Loans & advances | 581 | 443 | 548 | 265 | 99.18 | 15.28 | 111 |
| Total current assets | 865 | 523 | 609 | 347 | 201 | 91.51 | 149 |
| Total current liabilities | 208 | 180 | 160 | 103 | 83.45 | 37.86 | 152 |
| Net working capital | 656 | 343 | 449 | 244 | 118 | 53.65 | (2.79) |
| Total assets | 1,099 | 775 | 717 | 521 | 397 | 302 | 258 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 38.64 | 33.11 | 64.76 | 87.11 | 61.27 | 28.25 | 11.41 |
| Net cash from operating activities | 281 | 244 | 278 | 83.89 | 145 | (17.91) | 140 |
| Net cash from investing activities | 63.63 | 46.00 | (237) | (42.08) | (77.17) | 73.56 | (152) |
| Net cash from financing activities | (142) | (279) | (72.01) | (64.16) | (46.50) | (18.58) | 28.20 |
| Net change in cash | 202 | 10.95 | (31.65) | (22.35) | 21.52 | 37.06 | 16.84 |
| Closing cash | 241 | 44.07 | 33.11 | 64.76 | 87.11 | 65.36 | 28.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +27.9% | +30.3% | +34.5% | +31.8% | +55.3% | -18.6% | - |
| EBITDA growth | +32.8% | +33.1% | +33.1% | +35.3% | +137.8% | -30.0% | - |
| PBT growth | +32.4% | +32.5% | +33.8% | +36.3% | +166.5% | -27.7% | +4.6% |
| Net income growth | +31.8% | +33.3% | +33.6% | +33.6% | +182.5% | -27.3% | - |
| Revenue CAGR (3Y) | +30.9% | +32.2% | +40.2% | +18.5% | +14.8% | - | - |
| EBITDA CAGR (3Y) | +33.0% | +33.8% | +62.4% | +31.1% | +21.9% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +31.7% | +30.7% | +30.0% | +30.2% | +29.9% | +16.3% | +18.4% |
| Return on capital employed | +59.8% | +56.8% | +51.5% | +52.0% | +50.2% | +24.5% | +45.8% |
| Return on net worth | +47.5% | +45.5% | +40.4% | +41.5% | +43.3% | +20.9% | +39.8% |
| Debt / equity | 0.10 | 0.10 | 0.08 | 0.09 | 0.15 | 0.21 | 0.14 |
| Long-term debt / equity | 0.08 | 0.07 | 0.05 | 0.06 | 0.10 | 0.15 | 0.11 |
| Interest cover | 2.86 | 2.78 | 2.07 | 1.69 | 1.20 | 4.85 | 3.69 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.09 | 3.79 | 3.45 | 2.89 | 3.01 | 2.49 | 3.43 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 32.05 | 30.79 | 33.14 | 34.90 | 33.02 | 27.95 | 33.44 |
| EPS (₹) | 47.66 | 36.11 | 53.79 | 40.40 | 30.40 | 16.22 | 22.71 |
| Dividend per share (₹) | 13.00 | 14.00 | 14.00 | 12.00 | 11.00 | 5.00 | 0.00 |
| Book value per share (₹) | 120.23 | 81.18 | 155.12 | 112.32 | 82.58 | 87.80 | 68.64 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 334 | 313 | 277 | 279 | 286 | 265 | 213 | 228 |
| Revenue growth (YoY) | +16.6% | +18.2% | +30.0% | +22.4% | +22.2% | +15.4% | - | - |
| Other income | 11.16 | 109 | 66.92 | 15.84 | 8.51 | 9.07 | 18.44 | 6.38 |
| Total expenses | 217 | 205 | 194 | 150 | 152 | 139 | 125 | 124 |
| EBITDA | 116 | 108 | 83.10 | 130 | 134 | 125 | 88.67 | 104 |
| EBITDA margin | +34.8% | +34.6% | +30.0% | +46.3% | +46.8% | +47.4% | +41.6% | +45.7% |
| Depreciation | 7.92 | 7.75 | 8.28 | 7.37 | 7.04 | 6.39 | 5.85 | 5.24 |
| Interest | 3.17 | 3.54 | 3.39 | 3.56 | 4.82 | 3.98 | 3.65 | 3.52 |
| Profit before tax | 116 | 206 | 138 | 134 | 130 | 124 | 97.61 | 102 |
| Tax | 27.93 | 42.63 | 36.11 | 34.60 | 33.33 | 31.88 | 25.18 | 26.33 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,208 | 943 | 720 | 538 | 408 | 260 | 327 |
| Revenue growth | +28.1% | +30.9% | +34.0% | +31.7% | +56.9% | -20.5% | - |
| Other income | 0.05 | 0.71 | 0.13 | 0.08 | 0.74 | 2.16 | 1.01 |
| Total expenses | 636 | 514 | 400 | 296 | 230 | 185 | 213 |
| Employee cost | 520 | 411 | 314 | 235 | 187 | 145 | 160 |
| EBITDA | 572 | 429 | 320 | 242 | 178 | 75.34 | 114 |
| EBITDA margin | +47.4% | +45.5% | +44.5% | +45.0% | +43.6% | +29.0% | +34.8% |
| Depreciation | 29.09 | 20.32 | 14.27 | 11.55 | 10.73 | 12.39 | 15.75 |
| Interest | 15.74 | 11.49 | 6.44 | 3.90 | 2.01 | 2.75 | 3.24 |
| Profit before tax | 527 | 398 | 300 | 226 | 166 | 62.36 | 95.77 |
| Tax | 136 | 102 | 78.23 | 58.08 | 40.50 | 18.16 | 24.48 |
| Net profit | 391 | 295 | 221 | 168 | 125 | 44.20 | 71.29 |
| Net profit margin | +32.4% | +31.3% | +30.8% | +31.3% | +30.7% | +17.0% | +21.8% |
| EPS (₹) | 47.15 | 35.58 | 52.94 | 40.34 | 30.14 | 16.06 | 26.37 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 41.51 | 41.51 | 20.91 | 20.84 | 20.81 | 13.76 | 13.51 |
| Reserves & surplus | 984 | 661 | 661 | 484 | 360 | 266 | 212 |
| Shareholders' funds (net worth) | 1,025 | 703 | 682 | 505 | 381 | 280 | 225 |
| Secured loans | 17.02 | 21.72 | 8.32 | 16.61 | 24.95 | 33.36 | 41.73 |
| Unsecured loans | 66.23 | 57.06 | 43.10 | 19.66 | 13.92 | 0.00 | 0.00 |
| Total debt | 83.25 | 78.78 | 51.42 | 36.27 | 38.87 | 33.36 | 41.73 |
| Total liabilities | 1,112 | 789 | 737 | 545 | 421 | 320 | 283 |
| Assets | |||||||
| Gross block | 273 | 237 | 177 | 156 | 127 | 51.85 | 55.24 |
| Net block | 180 | 172 | 131 | 110 | 93.29 | 20.03 | 32.13 |
| Capital work in progress | 0.00 | 0.00 | 0.82 | 0.00 | 0.00 | 69.04 | 65.39 |
| Investments | 316 | 320 | 202 | 195 | 193 | 194 | 193 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 41.39 | 34.24 | 27.07 | 16.32 | 14.19 | 10.01 | 7.99 |
| Cash & bank balances | 223 | 22.70 | 20.04 | 57.51 | 57.24 | 37.82 | 25.96 |
| Loans & advances | 564 | 414 | 507 | 230 | 95.02 | 14.81 | 95.25 |
| Total current assets | 828 | 471 | 554 | 304 | 166 | 62.64 | 129 |
| Total current liabilities | 201 | 175 | 155 | 98.82 | 79.92 | 41.69 | 146 |
| Net working capital | 627 | 296 | 399 | 205 | 86.53 | 20.95 | (17.00) |
| Total assets | 1,112 | 789 | 737 | 545 | 421 | 320 | 283 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 22.70 | 20.04 | 57.51 | 57.24 | 37.82 | 25.96 | 11.11 |
| Net cash from operating activities | 254 | 352 | 267 | 109 | 147 | (23.50) | 143 |
| Net cash from investing activities | 88.55 | (67.47) | (233) | (44.34) | (78.63) | 52.05 | (156) |
| Net cash from financing activities | (142) | (282) | (71.80) | (64.18) | (48.92) | (16.68) | 28.46 |
| Net change in cash | 200 | 2.66 | (37.47) | 0.26 | 19.43 | 11.86 | 14.86 |
| Closing cash | 223 | 22.70 | 20.04 | 57.51 | 57.24 | 37.82 | 25.96 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +28.1% | +30.9% | +34.0% | +31.7% | +56.9% | -20.5% | - |
| EBITDA growth | +33.5% | +33.9% | +32.5% | +35.8% | +136.2% | -33.8% | - |
| PBT growth | +32.7% | +32.7% | +32.4% | +36.3% | +166.2% | -34.9% | +2.4% |
| Net income growth | +32.5% | +33.4% | +31.7% | +34.0% | +183.9% | -38.0% | - |
| Revenue CAGR (3Y) | +31.0% | +32.2% | +40.4% | +18.0% | +14.1% | +6.8% | +668.7% |
| EBITDA CAGR (3Y) | +33.3% | +34.0% | +62.0% | +28.6% | +23.3% | -1.1% | +742.8% |
| Profitability & leverage | |||||||
| Net income margin | +32.4% | +31.3% | +30.8% | +31.3% | +30.7% | +17.0% | +21.8% |
| Return on capital employed | +57.1% | +53.6% | +47.8% | +47.7% | +44.8% | +21.6% | +45.2% |
| Return on net worth | +45.3% | +42.7% | +37.3% | +38.0% | +38.0% | +17.5% | +37.5% |
| Debt / equity | 0.09 | 0.09 | 0.07 | 0.08 | 0.13 | 0.15 | 0.11 |
| Long-term debt / equity | 0.07 | 0.07 | 0.05 | 0.05 | 0.09 | 0.12 | 0.09 |
| Interest cover | 2.90 | 2.81 | 2.10 | 1.70 | 1.20 | 4.37 | 3.31 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.74 | 4.56 | 4.33 | 3.80 | 4.57 | 4.90 | 9.11 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 31.94 | 30.77 | 33.20 | 35.24 | 33.80 | 29.14 | 37.99 |
| EPS (₹) | 47.15 | 35.58 | 52.94 | 40.34 | 30.14 | 16.06 | 26.37 |
| Dividend per share (₹) | 13.00 | 14.00 | 14.00 | 12.00 | 11.00 | 5.00 | 0.00 |
| Book value per share (₹) | 123.47 | 84.68 | 163.08 | 121.14 | 91.45 | 101.68 | 83.27 |
To see the full year-wise statements and ratios of Anand Rathi Wealth Limited, buy the company report.
Board of directors of Anand Rathi Wealth Limited
Anand Rathi Wealth has 6 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Nandkishore Rathi Also directs: Anand Rathi Financial Services Limited, Anand Rathi Asset Management Limited, Anand Rathi Global Finance Limited and 5 more | Director | 18 Mar 2005 | 21 Years 7 Months | Current |
| Rakesh Rawal | Whole-Time Director | 29 Sep 2017 | 9 Years 0 Months | Current |
| Pradeep Navratan Gupta Also directs: Anand Rathi Financial Services Limited, Ishka Focus Film Production LLP, Navratan Foundation LLP and 5 more | Director | 18 Mar 2005 | 21 Years 7 Months | Current |
| Debasish Panda Also directs: Bandhan Bank Limited, Capri Global Housing Finance Limited | Director | 12 Jan 2026 | 0 Years 9 Months | Current |
| Adesh Kumar Gupta Also directs: Grasim Industries Ltd, Krsnaa Diagnostics Limited, Krazybee Services Limited and 4 more | Director | 12 Jan 2026 | 0 Years 9 Months | Current |
| Deena Asit Mehta Also directs: Himalaya Wealth Managers LLP, Fino Payments Bank Limited, Asit C Mehta Financial Services Limited and 1 more | Director | 12 Jan 2026 | 0 Years 9 Months | Current |
Peer comparison
Anand Rathi Wealth Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Financial Instrument Distributors), 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 |
|---|---|---|---|---|---|---|
| Anand Rathi Wealth Limitedthis company | ₹1,253.06 Cr (FY 2026) | ₹395.16 Cr | 31.5% | 27.9% | 831 | Mumbai, Maharashtra, India |
| HDFC Sales Private Limited | ₹1,143.47 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| Prudent Corporate Advisory Services Limited | ₹1,133.48 Cr (FY 2025) | 37.0% | Ahmedabad, Gujarat, India | |||
| Geojit Financial Services Limited | ₹749.32 Cr (FY 2025) | 20.0% | Kochi, Kerala, India | |||
| Motilal Oswal Wealth Limited | ₹488.46 Cr (FY 2025) | 33.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Anand Rathi Wealth Limited, buy the company report.
Auditor
Anand Rathi Wealth Limited is audited by K K C & ASSOCIATES LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K K C & ASSOCIATES LLP | FY 2025 | 105146W/W100621 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 41.40%, foreign institutional investors hold 6.40%, domestic institutional investors hold 10.40% and retail and other public shareholders hold 41.90%.
Sep 2026
QUARTER
41.40% Promoters
10.40% DII (Domestic Institutional)
6.40% FII (Foreign Institutional)
41.90% Retail & Others
Promoter holding - history
Now 41.40% · Sep 2026High 43.10% · Mar 2026Low 41.40% · Sep 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 41.40% | 43.10% | 43.10% | 42.70% |
| Public | 58.60% | 56.90% | 56.90% | 57.30% |
Charges & borrowings
Open charges
₹92.29 Cr
Satisfied charges
₹55.61 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2026 | 101367771 | Hdfc Bank Limited | ₹35 Lakh | Open | |
| 21 May 2026 | 101300912 | The South Indian Bank Limited | ₹35 Cr | Open | |
| 28 Nov 2025 | 101201781 | The South Indian Bank Limited | ₹35 Cr | Open | |
| 30 Jul 2025 | 101134659 | Hdfc Bank Limited | ₹1.09 Cr | Open | |
| 30 Jul 2025 | 101134649 | Hdfc Bank Limited | ₹66.51 Lakh | Open |
To see the full charge records of Anand Rathi Wealth Limited, buy the company report.
Total charge records: 24 View all charges
Deals & funding
Anand Rathi Wealth Limited has 34 deals on record (19 secondary share transfers, 10 market trades, 3 funding rounds), with disclosed funding of ₹42.84 Cr; the latest was in August 2026.
Total deals
34
Secondary share transfers
19
Market trades
10
Funding rounds
3
IPO
1
Disclosed funding
₹42.84 Cr
Deals on record (5 of 34)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2026 | Market trade | ₹137.66 Cr | Buyer: Manjushree Fincap Private Limited, Hemang Shah Family Trust, K R Family Trust, an individual Seller: Navratan Mal Gupta (Huf), Jaipur Securities Private Limited , an individual |
| May 2026 | Market trade | ₹500.02 Cr | Seller: Anand Rathi Financial Services Limited |
| Oct 2025 | Market trade | ₹147.58 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Mar 2023 | Market trade | ₹26.73 Cr | Seller: Anand Rathi Financial Services Limited |
| Mar 2023 | Market trade | ₹53.46 Cr | Buyer: Twelfth Tier Property Limited , Anand Rathi IT Private Limited Seller: Anand Rathi Financial Services Limited |
To see the full deal history of Anand Rathi Wealth 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
Anand Rathi Wealth Limited has 7 court cases on record: 7 filed against it. 3 cases are pending and 4 are disposed.
Total cases
7
Filed against the company
7
Pending
3
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
| NCLAT | 3 | 3 | 3 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by individuals | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by M/S.Chennai Financial Markets and Accountability | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by The Dy., Asstt., Registrar of Companies, | Disposed |
To see the full case history of Anand Rathi Wealth 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
Anand Rathi Wealth Limited has 2 MSME Form 1 returns on record between 2019 and 2021, listing 5 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| The Canvas | |||
| an individual supplier | |||
| an individual supplier | |||
| Dixit Infotech Services Private Limited |
To see the full MSME payment records of Anand Rathi Wealth Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Anand Rathi Wealth has 3 subsidiary companies. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
3
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Ar Digital Wealth Private Limited | U65923MH1996PTC097270 | |
| Freedom Wealth Solutions Private Limited | U66190MH2009PTC190352 | |
| Ffreedom Intermediary Infrastructure Private Limited | U74999MH2013PTC245870 |
To see the full group structure of Anand Rathi Wealth Limited, buy the company report.
Employees & EPFO
Anand Rathi Wealth Limited has a workforce of 831 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
831
Active EPFO establishments
1
Employee growth
21.31%
GST
Anand Rathi Wealth has 15 GST registrations: 14 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
15
Active
14
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH8136P1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACH8136P2Z2 | Maharashtra | Active | 01 Mar 2025 |
| 06AAACH8136P1Z7 | Haryana | Active | 01 Jul 2017 |
| 29AAACH8136P1ZZ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Anand Rathi Wealth Limited, buy the company report.
Recent activity
Anand Rathi Wealth Limited has 24 board changes on record since 2005: 18 appointments and 6 cessations. The latest: Adesh Kumar Gupta was appointed as Director on 12 Jan 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.35 Cr with Charge ID 101367771 was registered on 30 Jul 2026.
AGM
Anand Rathi Wealth Limited last Annual general meeting of members was held on 21 May 2026 as per latest MCA records.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 35.00 Cr with Charge ID 101300912 was registered on 21 May 2026.
Filing
Anand Rathi Wealth Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Adesh Kumar Gupta was appointed as Director.
Appointed
Debasish Panda was appointed as Director.
Appointed
Deena Asit Mehta was appointed as Director.
Charges
A charge registered on 04 Nov 2024 via Charge ID 101007478 with Hdfc Bank Limited was fully satisfied on 16 Dec 2025.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 35.00 Cr with Charge ID 101201781 was registered on 28 Nov 2025.
Charges
A charge registered on 18 Dec 2024 via Charge ID 101028837 with Hdfc Bank Limited was fully satisfied on 07 Oct 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.09 Cr with Charge ID 101134659 was registered on 30 Jul 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.67 Cr with Charge ID 101134649 was registered on 30 Jul 2025.
43 earlier events are in the company report.
News
ANANDRATHI: RS. 125.36 CRORES BSE BLOCK TRADE; FOR ~ 581,298 SHARES, AT RS. 2156.50
ANANDRATHI: RS. 64.02 CRORES BSE BLOCK TRADE; FOR ~ 300,000 SHARES, AT RS. 2134.00
ANANDRATHI: Q2 REVENUE 3.44B RUPEES VS 2.97B (YOY)
ANANDRATHI: Q2 CONS NET PROFIT 890M RUPEES VS 993.5M (YOY)
ANANDRATHI: Q2 EBITDA 1.17B RUPEES VS 1.37B (YOY), Q2 EBITDA MARGIN 33.97% VS 46.23%
Anand Rathi Wealth: Sees 25% Increase In Standalone PAT To ₹237 Crores For H1 FY27; AUM Grows By 18% To ₹1,08,377 Crores; Declares Interim Dividend Of ₹4 Per Share; Records Highest Quarterly Net Inflows Of ₹4,186 Crores.
Frequently asked questions
Anand Rathi Wealth is an active public limited company based in Mumbai, Maharashtra, India. The company works in financial product distributors, within the financial services industry. It was incorporated on 22 March 1995 (31+ years old) and is registered under CIN L67120MH1995PLC086696. Listed on BSE: 543415 and NSE: ANANDRATHI.
Anand Rathi Wealth reported revenue of ₹1,253.06 Cr for FY 2025-26 (up 27.9% YoY) based on consolidated financials.
Anand Rathi Wealth has 6 current directors:
- Rakesh Rawal - Whole-Time Director
- Anand Nandkishore Rathi - Director
- Pradeep Navratan Gupta - Director
- Debasish Panda - Director
- Adesh Kumar Gupta - Director
- Deena Asit Mehta - Director
The latest financial statements of Anand Rathi Wealth on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 21 May 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Anand Rathi Wealth is 27AAACH8136P1Z3, registered in Maharashtra. The company has 15 GST registrations in all, of which 14 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACH8136P2Z2 (Maharashtra), 06AAACH8136P1Z7 (Haryana), 29AAACH8136P1ZZ (Karnataka).
The CIN (Corporate Identification Number) of Anand Rathi Wealth is L67120MH1995PLC086696. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Anand Rathi Wealth is a listed company as per MCA records. Its shares are listed on both BSE (code: 543415) and NSE (symbol: ANANDRATHI).
Anand Rathi Wealth has 7 court cases on record: 7 filed against it. 3 are pending. Most are in the district courts.
Anand Rathi Wealth was incorporated on 22 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Anand Rathi Wealth has 34 deals on record (19 secondary share transfers, 10 market trades, 3 funding rounds), with disclosed funding of ₹42.84 Cr; the latest was in August 2026.
The peers of Anand Rathi Wealth by revenue are HDFC Sales Private Limited, Prudent Corporate Advisory Services Limited, Geojit Financial Services Limited, Motilal Oswal Wealth Limited, all in the BFSI industry (Financial Instrument Distributors), with the same principal business activity (financial advisory, brokerage and consultancy services).
Adesh Kumar Gupta was appointed as Director on 12 Jan 2026. Debasish Panda was appointed as Director on 12 Jan 2026. Deena Asit Mehta was appointed as Director on 12 Jan 2026. Anand Rathi Wealth has 24 board changes on record in total.