About Artha Vrddhi Securities Limited
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Artha Vrddhi Securities Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Artha Vrddhi Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 18 January 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH2005PLC150717. Its GSTIN is 27AACCT1746K1Z5 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.96 Cr. It is led by directors including Sunil Rikabchand Jain (Whole-Time Director) and Manorama Dhirendra Shukla.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 1001 10th Floor Ashok Heights Old Nagardas Road Andheri East, Mumbai, Maharashtra, India – 400069.
As per the financials filed for FY 2019, the company reported a revenue of ₹9.77 Cr, a decline of 59% compared to the previous year. For the same year it recorded a net loss of ₹1.8 Cr (net margin -18.4%) and EBITDA of -₹45.34 Lakh (EBITDA margin -4.6%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years.
Court records list 17 cases involving the company, including 15 filed by the company and 2 filed against it; 1 case is 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 avsl.in.
Company details
CIN history
Artha Vrddhi Securities has one previous CIN (Corporate Identification Number): U67120MH2005PTC150717. The current CIN is U67120MH2005PLC150717, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120MH2005PLC150717 | Current |
| U67120MH2005PTC150717 | Previous |
Contact details
Artha Vrddhi Securities Limited's registered office is in Mumbai, Maharashtra. Its website is avsl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1001 10th Floor Ashok Heights Old Nagardas Road Andheri East, Mumbai, Maharashtra, India – 400069
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Artha Vrddhi 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
Business activity
The main business activity of Artha Vrddhi 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 Artha Vrddhi Securities Limited, buy the company report.
Financials of Artha Vrddhi Securities Limited
FY 2020 filings availableArtha Vrddhi Securities Limited reported revenue of ₹9.77 Cr (down 59% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 21% over three years, including a 59% fall in the latest year. EBITDA fell 113% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹9.77 Cr | ||||
| Other Income | |||||
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| Total Expenses | |||||
| EBITDA | -₹45.34 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.8 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4.6% | ||||
| Net Profit Margin | -18.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Artha Vrddhi Securities Limited, buy the company report.
Board of directors of Artha Vrddhi Securities Limited
Artha Vrddhi Securities has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anurag Dhirendra Shukla Also directs: Artha Vrddhi Limited | Additional Director | 08 Mar 2021 | 5 Years 7 Months | Current |
| Sunil Rikabchand Jain | Whole-Time Director | 25 Jun 2013 | 13 Years 4 Months | Current |
| Manorama Dhirendra Shukla | Director | 10 Jul 2018 | 8 Years 3 Months | Current |
Auditor
Artha Vrddhi Securities Limited is audited by V R BHABHRA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V R BHABHRA & CO | FY 2019 | 112861W |
Shareholding
The shareholding of Artha Vrddhi Securities Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Artha Vrddhi Securities Limited, buy the company report.
Legal cases
Artha Vrddhi Securities Limited has 17 court cases on record: 15 filed by Artha Vrddhi Securities, 2 filed against it. 1 case is pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 0 | 0 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed by the company against National Stock Exchange of India Limited (Respondent No and 2 others | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The National Stock Exchange of India Limited and 2 Other and 2 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL CASE) | Filed against the company by Assistant Registrar of Companies, | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.IDA) | Filed against the company by an individual | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against an individual | Disposed |
To see the full case history of Artha Vrddhi 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 Artha Vrddhi Securities Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Artha Vrddhi Securities has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT1746K1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 08AACCT1746K1Z5 | Rajasthan | Active | 07 Aug 2017 |
To see the full GST registrations and return filing status of Artha Vrddhi Securities Limited, buy the company report.
Recent activity
Artha Vrddhi Securities Limited has 15 board changes on record since 2013: 4 appointments and 11 cessations. The latest: Sunil Rikabchand Jain ceased to be Whole-Time Director on 05 Sep 2022.
6 earlier events are in the company report.
Frequently asked questions
Artha Vrddhi 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 18 January 2005 (21+ years old) and is registered under CIN U67120MH2005PLC150717.
Artha Vrddhi Securities has 3 current directors:
- Sunil Rikabchand Jain - Whole-Time Director
- Anurag Dhirendra Shukla - Additional Director
- Manorama Dhirendra Shukla - Director
The latest financial statements of Artha Vrddhi Securities on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Artha Vrddhi Securities is 27AACCT1746K1Z5, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 08AACCT1746K1Z5 (Rajasthan).
The CIN (Corporate Identification Number) of Artha Vrddhi Securities is U67120MH2005PLC150717. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Artha Vrddhi Securities has 17 court cases on record: 15 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Artha Vrddhi Securities was incorporated on 18 January 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Sunil Rikabchand Jain ceased to be Whole-Time Director on 05 Sep 2022. Anurag Dhirendra Shukla was appointed as Additional Director on 08 Mar 2021. Kannan Mariappan Moopnar ceased to be Additional Director on 08 Mar 2021. Artha Vrddhi Securities has 15 board changes on record in total.
Artha Vrddhi Securities can be reached through the website avsl.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Artha Vrddhi Securities is at 1001 10th Floor Ashok Heights Old Nagardas Road Andheri East, Mumbai, Maharashtra, India – 400069.