About Arete Securities Limited
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Arete Securities Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 08 April 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74899MH1994PLC339302. Its GSTIN is 27AAFCS9294L1ZI (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹27 Cr and a paid-up capital of ₹10.73 Cr. It was formerly known as Spa Securities Limited. It is led by directors including Kamal Kishore Somani (Managing Director) and Ankit Somani (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 101 A 10th Floor Mittal Court Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹418.83 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹7.27 Cr (net margin 1.7%) and EBITDA of ₹11.86 Cr (EBITDA margin 2.8%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 15% over five years.
The company has about 37 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Arete Securities. As per MCA filings, the company has open charges of ₹102.45 Cr on record. Court records list 15 cases involving the company, including 7 filed by the company and 8 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aretesecurities.com.
Company details
Name history
Arete Securities has undergone 2 name changes throughout its history. The company was previously known as Arete Securities Limited, and Spa Securities Limited. The current legal name is Arete Securities Limited.
| Company Name | Status |
|---|---|
| Arete Securities Limited | Current |
| Spa Securities Limited | Previous |
CIN history
Arete Securities has one previous CIN (Corporate Identification Number): U74899DL1994PLC058382. The current CIN is U74899MH1994PLC339302, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899MH1994PLC339302 | Current |
| U74899DL1994PLC058382 | Previous |
Contact details
Arete Securities Limited's registered office is in Mumbai, Maharashtra. Its website is aretesecurities.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address101 A 10th Floor Mittal Court Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Arete 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
Arete Securities operates one associated brand: Arete Securities. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Asset management and investment advisory services are provided. | aretesecurities.com |
Business activity
The main business activity of Arete 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 Arete Securities Limited, buy the company report.
Financials of Arete Securities Limited
FY 2025 filings availableArete Securities Limited reported revenue of ₹418.83 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 4% fall in the latest year. EBITDA rose 67% 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 | ₹11.86 Cr | ||||
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| Net Profit (PAT) | ₹7.27 Cr | ||||
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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 | 2.8% | ||||
| Net Profit Margin | 1.7% | ||||
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To see the full financial statements and ratios of Arete Securities Limited, buy the company report.
Board of directors and KMP of Arete Securities Limited
Arete Securities Limited currently reports 6 directors and 1 key managerial person. 9 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamal Kishore Somani | Managing Director | 14 Jan 2002 | 24 Years 9 Months | Current |
| Sanwarmal Sharma Also directs: Sutex Yarns Private Limited | Director | 13 Apr 2007 | 19 Years 6 Months | Current |
| Puja Gupta | Director | 03 Aug 2015 | 11 Years 2 Months | Current |
| Ankit Somani Also directs: Sahayog Mercantile LLP, I-Con Industries LLP, Spa Corporate Services Private Limited and 2 more | Whole-Time Director | 24 Sep 2011 | 15 Years 1 Months | Current |
| Pooja Suresh Gurjar Also directs: Ageless Capital and Finance Private Limited | Company Secretary | 20 Jan 2024 | 2 Years 9 Months | Current |
| Hritika Sunil Shah Also directs: Amrita Mercantile Private Limited | Director | 20 Sep 2023 | 3 Years 1 Months | Current |
Peer comparison
Arete Securities Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Broking Services), 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 |
|---|---|---|---|---|---|---|
| Marwadi Chandarana Intermediaries Brokers Private Limited | ₹441.37 Cr (FY 2024) | 73.0% | Gandhinagar, Gujarat, India | |||
| Trade Winds Commodities & Derivatives Private Limited | ₹426.9 Cr (FY 2025) | 1032.0% | Indore, Madhya Pradesh, India | |||
| Choice Equity Broking Private Limited | ₹426.8 Cr (FY 2025) | 22.0% | Mumbai, Maharashtra, India | |||
| Arete Securities Limitedthis company | ₹418.83 Cr (FY 2025) | ₹7.27 Cr | 1.7% | -4.0% | 37 | Mumbai, Maharashtra, India |
| Lohia Securities Ltd | ₹405.74 Cr (FY 2025) | 15.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Arete Securities Limited, buy the company report.
Auditor
Arete Securities Limited is audited by Jagdish Bansal & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jagdish Bansal & Associates | FY 2023 | 103820W |
Shareholding
The shareholding of Arete 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 Arete Securities Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Dec 2020 | 100403575 | Bank of India | ₹100 Cr | Open | |
| 10 May 2018 | 100184811 | Axis Bank Limited | ₹2.45 Cr | Open |
To see the full charge records of Arete Securities Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Arete Securities Limited has 15 court cases on record: 7 filed by Arete Securities, 8 filed against it. 2 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 7 | 1 |
| District courts | 2 | 1 | 1 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (COMIP) | Filed against the company by Spa Capital Advisors Limited and 3 Ors | Disposed |
| Bombay High Court | Writ petition | Filed by the company against National Stock Exchange of India Limited and 1 other | Disposed |
| District court, Central, Delhi | Court case (L I R) | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (NMA) | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Court case (CHOL) | Filed by the company against an individual | Disposed |
To see the full case history of Arete 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.
Credit ratings & regulatory alerts
Arete Securities Limited was last rated by Brickwork on 16 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 16 Mar 2022 |
To see the full credit ratings and regulatory alerts of Arete Securities Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Arete Securities Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Arete Securities Limited has a workforce of 37 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Arete Securities has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCS9294L1ZI | Maharashtra | Active | 01 Jul 2017 |
| 07AAFCS9294L1ZK | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Arete Securities Limited, buy the company report.
Recent activity
Arete Securities Limited has 21 board changes on record since 1994: 14 appointments and 7 cessations. The latest: Pooja Suresh Gurjar was appointed as Company Secretary on 20 Jan 2024.
16 earlier events are in the company report.
Frequently asked questions
Arete Securities is an active public limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 08 April 1994 (32+ years old) and is registered under CIN U74899MH1994PLC339302.
Arete Securities has 7 current directors and KMP:
- Kamal Kishore Somani - Managing Director
- Ankit Somani - Whole-Time Director
- Sanwarmal Sharma - Director
- Puja Gupta - Director
- Hritika Sunil Shah - Director
- Ashish D Jalan - Director
- Pooja Suresh Gurjar - Company Secretary
The latest financial statements of Arete 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 Arete Securities is 27AAFCS9294L1ZI, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AAFCS9294L1ZK (Delhi).
The CIN (Corporate Identification Number) of Arete Securities is U74899MH1994PLC339302. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Arete Securities has 15 court cases on record: 7 filed by the company and 8 filed against it. 2 are pending. Most are in the high courts.
Arete Securities was incorporated on 08 April 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Arete Securities by revenue are Marwadi Chandarana Intermediaries Brokers Private Limited, Trade Winds Commodities & Derivatives Private Limited, Choice Equity Broking Private Limited, Lohia Securities Ltd, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Pooja Suresh Gurjar was appointed as Company Secretary on 20 Jan 2024. Ashish D Jalan was appointed as Director on 20 Sep 2023. Hritika Sunil Shah was appointed as Director on 20 Sep 2023. Arete Securities has 21 board changes on record in total.
Arete Securities can be reached through the website aretesecurities.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Arete Securities is at 101 A 10th Floor Mittal Court Nariman Point, Mumbai, Maharashtra, India – 400021.