About Axis Securities Limited
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Axis Securities Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Axis Bank Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 21 July 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74992MH2006PLC163204. Its GSTIN is 27AABCE6263F1ZQ (Maharashtra). The company holds 22 GST registrations, of which 20 are active.
The company has an authorised share capital of ₹250 Cr and a paid-up capital of ₹150.83 Cr. It was formerly known as Axis Securities Private Limited and Enam Securities Direct Private Limited. It is led by directors including Pranav Haridasan (Managing Director) and Selven James Rodrigo (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Unit 002(A) Amiti Building Piramal Corporate Park, Kamani Junction Lbs Marg Kurla (West) Mumbai, Maharashtra, India – 400070.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,143.98 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹301.2 Cr (net margin 26.3%) and EBITDA of ₹657.33 Cr (EBITDA margin 57.5%). Revenue has grown at a compounded annual rate (CAGR) of 39% over three years and 42% over five years.
The company has about 2,392 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Axis Direct. As per MCA filings, the company has open charges of ₹3,880 Cr and satisfied charges of ₹1,165 Cr on record. Court records list 67 cases involving the company, including 19 filed by the company and 48 filed against it; 33 cases are pending. The company has 9 deals on record (4 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹159.74 Cr; the latest was in June 2024. The company has 4 MSME Form 1 returns on record between 2018 and 2023, listing 15 overdue payments to 13 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 axissecurities.in.
Company details
Name history
Axis Securities has undergone 2 name changes throughout its history. The company was previously known as Axis Securities Private Limited, and Enam Securities Direct Private Limited. The current legal name is Axis Securities Limited.
| Company Name | Status |
|---|---|
| Axis Securities Limited | Current |
| Axis Securities Private Limited | Previous |
| Enam Securities Direct Private Limited | Previous |
CIN history
Axis Securities has one previous CIN (Corporate Identification Number): U74992MH2006PTC163204. The current CIN is U74992MH2006PLC163204, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74992MH2006PLC163204 | Current |
| U74992MH2006PTC163204 | Previous |
Contact details
Axis Securities Limited's registered office is in Mumbai, Maharashtra. Its website is axissecurities.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressUnit 002(A) Amiti Building Piramal Corporate Park, Kamani Junction Lbs Marg Kurla (West) Mumbai, Maharashtra, India – 400070
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Axis 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
Axis Securities operates one associated brand: Axis Direct. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-based platform for investments in stocks, mutual funds, commodities, and equity | axisdirect.in |
Business activity
The main business activity of Axis Securities is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding |
To see the full business activity and turnover split of Axis Securities Limited, buy the company report.
Financials of Axis Securities Limited
FY 2026 filings availableAxis Securities Limited reported revenue of ₹1,143.98 Cr (up 58% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 42% over five years, including 58% growth in the latest year. EBITDA rose 70% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,143.98 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹657.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹301.2 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 57.5% | ||||
| Net Profit Margin | 26.3% | ||||
| 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 Axis Securities Limited, buy the company report.
Board of directors of Axis Securities Limited
Axis Securities has 7 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhumika Batra Also directs: Deepak Nitrite Limited, Sudarshan Chemical Industries Limited, Jyothy Labs Limited and 5 more | Director | 23 Jul 2019 | 7 Years 3 Months | Current |
| Jagdish Saksena Deepak Also directs: Pidilite Industries Limited, Bharti Hexacom Limited, Bharti Hexacom Limited and 1 more | Director | 01 Jun 2021 | 5 Years 5 Months | Current |
| Kersi Jamshed Tavadia | Director | 03 Sep 2024 | 2 Years 2 Months | Current |
| Subrat Mohanty Also directs: Axis Bank Limited, Freecharge Payment Technologies Private Limited, Axis Max Life Insurance Limited and 1 more | Director | 05 Mar 2024 | 2 Years 8 Months | Current |
| Kumar Raghu | Director | 20 Mar 2024 | 2 Years 7 Months | Current |
| Pranav Haridasan | Managing Director | 15 Apr 2023 | 3 Years 6 Months | Current |
Auditor
Axis Securities Limited is audited by Singhi & Co. for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Singhi & Co. | FY 2026 | 302049E |
Shareholding
The shareholding of Axis Securities Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Axis Securities Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2025 | 101158426 | Others | ₹5 Cr | Open | |
| 13 Jun 2025 | 101111783 | Others | ₹90 Cr | Open | |
| 18 Dec 2024 | 101031204 | Idbi Bank Limited | ₹150 Cr | Open | |
| 09 Aug 2024 | 100968576 | Others | ₹100 Cr | Open | |
| 08 Jul 2024 | 100953584 | State Bank of India | ₹225 Cr | Open |
To see the full charge records of Axis Securities Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Axis Securities Limited has 9 deals on record (4 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹159.74 Cr; the latest was in June 2024.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2024 | Rights issue | ₹250 Cr | Investors: Axis Bank Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Axis Bank Limited Seller: Axis Capital Limited |
| May 2013 | Secondary share transfer | Undisclosed | Buyer: Axis Bank Limited , Axis Capital Limited Seller: Enam Securities Private Limited. , Axis Capital Limited |
| May 2013 | Funding round | ₹121.5 Cr | Investors: Axis Capital Limited , Axis Capital Limited & Pradeep Jyotindra Oza, Axis Capital Limited & Ramesh Kumar Bammi |
| Oct 2012 | Secondary share transfer | Undisclosed | Buyer: Axis Bank Limited Seller: Enam Securities Private Limited. |
To see the full deal history of Axis Securities 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
Axis Securities Limited has 67 court cases on record: 19 filed by Axis Securities, 48 filed against it. 33 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 50 | 42 | 28 |
| High courts | 16 | 6 | 5 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 67)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2901-Labour and Industrial Laws : Appointment, retrenchment, termination, dismissal, removal, disciplinary proceedings against labour/workmen) | Filed by the company against individuals | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by HDFC Bank Ltd., Its Autho Offi. Tushar Bachubhai Patel | Pending |
| District court, New Delhi, Delhi | Court case (OMP (COMM.)) | Filed by the company against National Stock Exchange of India Limited and 2 others | Pending |
| Allahabad High Court | Court case (CMRAD) | Filed by the company against Axis Bank Ltd. Thru. M.D. and Ceo Mumbai and 3 others | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.A.P.) | Filed by the company against National Stock Exchange of India Ltd and 1 other | Disposed |
To see the full case history of Axis 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
Axis Securities Limited was last rated by Care on 18 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 18 Jul 2022 |
To see the full credit ratings and regulatory alerts of Axis Securities Limited, buy the company report.
MSME payment delays
Axis Securities Limited has 4 MSME Form 1 returns on record between 2018 and 2023, listing 15 overdue payments to 13 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 (5 of 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Macmet India Private Limited | |||
| DSP Eminence Consulting Services | |||
| Acme Services Private Limited | |||
| Dwija Foods Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Axis Securities Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Axis Securities Limited has a workforce of 2,392 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 2,392 |
| 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 |
To see the full employee and EPFO history of Axis Securities Limited, buy the company report.
GST
Axis Securities has 22 GST registrations: 20 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE6263F1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 03AABCE6263F1Z0 | Punjab | Active | 01 Jul 2017 |
| 05AABCE6263F1ZW | Uttarakhand | Active | 01 Jul 2017 |
| 07AABCE6263F1ZS | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Axis Securities Limited, buy the company report.
Recent activity
Axis Securities Limited has 34 board changes on record since 2012: 7 appointments and 27 cessations. The latest: Selven James Rodrigo was appointed as Whole-Time Director on 10 Jun 2026.
71 earlier events are in the company report.
News
Frequently asked questions
Axis 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 21 July 2006 (20+ years old) and is registered under CIN U74992MH2006PLC163204.
Axis Securities has 7 current directors:
- Pranav Haridasan - Managing Director
- Selven James Rodrigo - Whole-Time Director
- Bhumika Batra - Director
- Jagdish Saksena Deepak - Director
- Kersi Jamshed Tavadia - Director
- Subrat Mohanty - Director
- Kumar Raghu - Director
The latest financial statements of Axis Securities on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 June 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Axis Securities is 27AABCE6263F1ZQ, registered in Maharashtra. The company has 22 GST registrations in all, of which 20 are active and 2 are cancelled or inactive. Other active GSTINs include 03AABCE6263F1Z0 (Punjab), 05AABCE6263F1ZW (Uttarakhand), 07AABCE6263F1ZS (Delhi).
The CIN (Corporate Identification Number) of Axis Securities is U74992MH2006PLC163204. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Axis Securities has 67 court cases on record: 19 filed by the company and 48 filed against it. 33 are pending. Most are in the district courts.
Axis Securities was incorporated on 21 July 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Axis Securities has 9 deals on record (4 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹159.74 Cr; the latest was in June 2024.
Selven James Rodrigo was appointed as Whole-Time Director on 10 Jun 2026. Atul Mehra ceased to be Additional Director on 15 Oct 2024. Kersi Jamshed Tavadia ceased to be Additional Director on 15 Oct 2024. Axis Securities has 34 board changes on record in total.
Axis Securities has 4 MSME Form 1 returns on record between 2018 and 2023, listing 15 overdue payments to 13 micro and small suppliers. The latest return was filed on 09 Feb 2024.
Axis Securities can be reached through the website axissecurities.in. Its registered office is in Mumbai, Maharashtra, India.
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