MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0220993
Asit C Mehta Advisors Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.98 Cr
▲ 60% YoY
Net profit · FY 2024
₹10.49 Lakh
Net margin 5.3%
EBITDA · FY 2024
₹1.35 Cr
EBITDA margin 68.3%
Authorised capital
₹2.2 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹2.55 Cr
Satisfied ₹2.56 Cr
Company age
35 yrs
Est. 1991
Employees · EPFO
1
Provident fund records
About Asit C Mehta Advisors Limited
Data last updated:
Asit C Mehta Advisors Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Asit C Mehta Investment Interrmediates Ltd. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 23 May 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1991PLC061814. Its GSTIN is 27AAACB2315A1ZJ (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.2 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Asit C Mehta Commodity Services Private Limited and Asit C Mehta Comdex Services Private Limited. It is led by directors including Hareshbhai Babubhai Lad and Purvi Ramesh Ambani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Nucleus House Saki Vihar Rd. Andheri(E), Mumbai, Maharashtra, India – 400066.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.98 Cr, a growth of 60% compared to the previous year. For the same year it recorded a net profit of ₹10.49 Lakh (net margin 5.3%) and EBITDA of ₹1.35 Cr (EBITDA margin 68.3%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 29% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Investmentz. As per MCA filings, the company has open charges of ₹2.55 Cr and satisfied charges of ₹2.56 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending.
Asit C Mehta Advisors Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0220993). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website investmentz.com.
Company details
CIN U65990MH1991PLC061814
Registration Number 061814
Incorporation Date 23 May 1991
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Asit C Mehta Investment Interrmediates Ltd
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0220993
Name history
Asit C Mehta Advisors has undergone 3 name changes throughout its history. The company was previously known as Asit C Mehta Commodity Services Private Limited, Asit C Mehta Comdex Services Private Limited, and Asit C Mehta Commodity Services Limited. The current legal name is Asit C Mehta Advisors Limited.
| Company Name | Status |
|---|---|
| Asit C Mehta Advisors Limited | Current |
| Asit C Mehta Commodity Services Private Limited | Previous |
| Asit C Mehta Comdex Services Private Limited | Previous |
| Asit C Mehta Commodity Services Limited | Previous |
CIN history
Asit C Mehta Advisors has one previous CIN (Corporate Identification Number): U65990MH1991PTC061814. The current CIN is U65990MH1991PLC061814, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65990MH1991PLC061814 | Current |
| U65990MH1991PTC061814 | Previous |
Key People
Hareshbhai Babubhai Lad Director Purvi Ramesh Ambani Director Asit Chimanlal Mehta Director Recognitions & Rankings of Asit C Mehta Advisors
Contact details
Asit C Mehta Advisors Limited's registered office is in Mumbai, Maharashtra. Its website is investmentz.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNucleus House Saki Vihar Rd. Andheri(E), Mumbai, Maharashtra, India – 400066
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Asit C Mehta Advisors Limited, buy the company report.
Comprehensive company report
Asit C Mehta Advisors 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
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Brands
Asit C Mehta Advisors operates one associated brand: Investmentz. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform for stock broking, mutual funds, and derivatives trading in India. | investmentz.com |
Business activity
The main business activity of Asit C Mehta Advisors 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 Asit C Mehta Advisors Limited, buy the company report.
Financials of Asit C Mehta Advisors Limited
FY 2024 filings availableAsit C Mehta Advisors Limited reported revenue of ₹1.98 Cr (up 60% YoY) for FY 2024.
Revenue · FY 2024
₹1.98 Cr ▲ 60%
Net profit · FY 2024
₹10.49 Lakh margin 5.3%
EBITDA · FY 2024
₹1.35 Cr margin 68.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 60%
3 years · compounded
▲ 4%
5 years · compounded
▲ 29%
EBITDA CAGR growth
1 year
▲ 16%
3 years · compounded
▼ 8%
5 years · compounded
▲ 53%
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 60% growth in the latest year. EBITDA rose 16% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹1.35 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.49 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 68.3% | ||||
| Net Profit Margin | 5.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Asit C Mehta Advisors Limited, buy the company report.
Board of directors of Asit C Mehta Advisors Limited
Asit C Mehta Advisors has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hareshbhai Babubhai Lad Also directs: Edgytal Fintech Investment Services Private Limited | Director | 30 Mar 2015 | 11 Years 7 Months | Current |
| Purvi Ramesh Ambani Also directs: Mantra Capital Limited | Director | 02 Jan 2023 | 3 Years 10 Months | Current |
| Asit Chimanlal Mehta | Director | 29 Apr 2023 | 3 Years 6 Months | Current |
Auditor
Asit C Mehta Advisors Limited is audited by Manek & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Manek & Associates | FY 2023 | 126679W |
Shareholding
The shareholding of Asit C Mehta Advisors 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Asit C Mehta Advisors Limited, buy the company report.
Charges & borrowings
Open charges
₹2.55 Cr
Satisfied charges
₹2.56 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jan 2019 | 100267530 | Others | ₹2.55 Cr | Open | |
| 19 Oct 2007 | 10072934 | Bank of India | ₹73 Lakh | Satisfied | |
| 06 Sep 2004 | 90161105 | Bank of India Limited | ₹73 Lakh | Satisfied | |
| 18 Jun 1999 | 90163874 | Bank of India | ₹30 Lakh | Satisfied | |
| 13 Sep 1994 | 90160844 | Oriental Bank Ofcommerce Industrial Finace Branch | ₹80 Lakh | Satisfied |
To see the full charge records of Asit C Mehta Advisors Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Asit C Mehta Advisors Limited has 4 court cases on record: 3 filed by Asit C Mehta Advisors, 1 filed against it. 1 case is pending and 3 are disposed.
Total cases
4
Filed by the company
3
Filed against the company
1
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1008-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Appeals u/s 15 Z of Securities and Exchange Board of India Act, 1992.) | Filed against the company by Securities and Exchange Board of India Manager Amit Yadav Sebi Bhavan, Plot No. C-4A, G Block, Bandra Kurla Complex, Bandra East , District: Mumbai , , Maharashtra | Pending |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| Bombay High Court | Court case (EXA) | Filed by the company against an individual | Disposed |
To see the full case history of Asit C Mehta Advisors 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 Asit C Mehta Advisors Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Asit C Mehta Advisors has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB2315A1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Asit C Mehta Advisors Limited, buy the company report.
Recent activity
Asit C Mehta Advisors Limited has 11 board changes on record since 2003: 7 appointments and 4 cessations. The latest: Asit Chimanlal Mehta was appointed as Director on 29 Apr 2023.
AGM
Asit C Mehta Advisors Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Asit C Mehta Advisors Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Appointed
Asit Chimanlal Mehta was appointed as Director.
Ceased
Dwijen Vipul Shah ceased to be Director.
Ceased
Jash Jayesh Desai ceased to be Director.
Ceased
Deena Asit Mehta ceased to be Additional Director.
Appointed
Purvi Ramesh Ambani was appointed as Director.
Charges
A charge with Others of Rs. 2.55 Cr registered on 21 Jan 2019 with Charge ID 100267530 was modified on 03 Aug 2021.
Charges
A charge with Others amounted to Rs. 2.55 Cr with Charge ID 100267530 was registered on 21 Jan 2019.
Appointed
Dwijen Vipul Shah was appointed as Director.
Appointed
Hareshbhai Babubhai Lad was appointed as Director.
Appointed
Jash Jayesh Desai was appointed as Director.
14 earlier events are in the company report.
Frequently asked questions
Asit C Mehta Advisors 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 23 May 1991 (35+ years old) and is registered under CIN U65990MH1991PLC061814.
Asit C Mehta Advisors has 3 current directors:
- Hareshbhai Babubhai Lad - Director
- Purvi Ramesh Ambani - Director
- Asit Chimanlal Mehta - Director
The latest financial statements of Asit C Mehta Advisors on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Asit C Mehta Advisors is 27AAACB2315A1ZJ, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Asit C Mehta Advisors is U65990MH1991PLC061814. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asit C Mehta Advisors has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Asit C Mehta Advisors was incorporated on 23 May 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Asit Chimanlal Mehta was appointed as Director on 29 Apr 2023. Dwijen Vipul Shah ceased to be Director on 29 Apr 2023. Jash Jayesh Desai ceased to be Director on 29 Apr 2023. Asit C Mehta Advisors has 11 board changes on record in total.
Yes, Asit C Mehta Advisors is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0220993).
Asit C Mehta Advisors can be reached through the website investmentz.com. Its registered office is in Mumbai, Maharashtra, India.
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