Ajcon Global Services

Mumbai, India Founded: 1986 • Age: 40 yrs Listed
Mid market focused investment banking firm
Request Access
Report Incorrect Data
Page last updated

About Ajcon Global Services

Ajcon Global Services is a publicly listed company based in Mumbai (India) founded in 1986. Mid market focused investment banking firm. The company has 34 employees. Its Indian entity Ajcon Global Services Ltd reported revenue of ₹36.44 Cr. Ajcon Global Services offers products and services including Equity Broking and Equity Research. Its focus areas include Investment Industry, Investment Banks and IBs.

Company details

Ajcon Global Services was founded in 1986 as a mid-market investment banking firm headquartered in Mumbai, India. Services encompassing mergers and acquisitions advisory, restructuring, and capital raising are delivered to clients. Operations are supported by five offices situated in locations including Indore, Ujjain, Parli, and Khamgaon, facilitating regional coverage within the financial sector.

  • Headquarters Mumbai, India
  • Employees 34
  • Stage Public
  • Sectors
    Financial Services
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website ajcononline.com
  • Social LinkedIn X Facebook Instagram
  • Legal Name Ajcon Global Services Ltd
Operational Areas
Financial Services → Investment Banks
Key Metrics
  • Market Cap
    ₹34.86 Cr

    AJCON · BSE

  • Share Price
    ₹5.80

    +1.75% today

  • Revenue
    ₹36.39 Cr

    FY 2025-26 · +117.9% YoY

  • EBITDA
    ₹1.41 Cr

    Margin 3.9%

  • Net Profit
    ₹0.22 Cr

    FY 2025-26 · -58.5% YoY

  • P/E (TTM)
    140.2x

    P/B 1.5x

  • ROE
    0.9%

    ROCE 3.1%

  • Debt / Equity
    0.36

    Interest cover 68.3x

  • Employee Count
    34

Products & Services of Ajcon Global Services

Ajcon Global Services offers a comprehensive portfolio of products and services, including Equity Broking and Equity Research.

Equity Broking
Financial Services

Equity broking services are provided through memberships in NSE and BSE for trading in cash and derivative segments.

Equity Research
Research Services

Equity research services are offered, involving meticulous data analysis and market trend tracking to deliver reports.

Board of directors of Ajcon Global Services Ltd (Ajcon Global Services)

Ajcon Global Services Ltd is the primary company behind Ajcon Global Services. The board of Ajcon Global Services Ltd currently have 6 directors; the longest-serving is Ashok Ajmera Kumar, appointed in 1993. 9 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Ashok Ajmera Kumar
DIN 00812092
Managing Director01 Apr 199333 yrs 7 moAjcon Global Services Ltd
Ankit Ajmera Ashok
DIN 00200434
Whole-time director18 Jan 200521 yrs 9 moAjcon Global Services Ltd
Anuj Ajmera Ashok
DIN 01838428
Whole-time director22 Nov 200718 yrs 11 moAjcon Global Services Ltd
Beverly S N Avalani
DIN 10555207
Additional Director01 Apr 20242 yrs 7 moAjcon Global Services Ltd
Rahul Atal
DIN 10550966
Additional Director01 Apr 20242 yrs 7 moAjcon Global Services Ltd
Sangeeta Vijay Kumar
DIN 10704866
Additional Director10 Feb 20251 yr 8 moAjcon Global Services Ltd

People of Ajcon Global Services

5 people are tracked at Ajcon Global Services (5 in leadership); the tracked headcount is 34.

NameRoleGroup
Mandar Rege
OwnerLeadership
Kaushal Shukla
Chief Compliance OfficerLeadership
Anuj Ajmera
Executive DirectorLeadership
Ashok Ajmera
Chairman & Managing DirectorLeadership
Ankit Ajmera
Executive Director & CFOLeadership
Premium access

Complete people profiles for Ajcon Global Services

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

Verified entity values are shown only after access is granted.

IPO & Listings of Ajcon Global Services

Ajcon Global Services is a publicly listed company on the BSE with ticker symbol AJCON in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date28 Mar 2002
  • Listed onBSE: 511692
  • Listed entityAjcon Global Services Ltd
  • Exchange sectorFinance
  • ISININE759C01027
  • Share price₹5.83 (-4.43% on the day) · 2026-10-14
  • Market capitalisation₹37.3 Cr
  • Price to earnings139.1
  • EPS (diluted, trailing year)₹0.04
  • Volume (last session)1,203

Financials of Ajcon Global Services

Exchange-reported figures of Ajcon Global Services Ltd, the listed company behind Ajcon Global Services (BSE: AJCON).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹36.39 Cr
+117.9% YoY
EBITDA
₹1.41 Cr
-23.8% YoY
Profit After Tax
₹0.22 Cr
-58.5% YoY
Net Worth
₹25.37 Cr
+0.9% YoY
Total Assets
₹36.21 Cr
+2.1% YoY
Total Debt
₹9.27 Cr
+5.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue36.3916.7016.078.6041.6448.0027.90
Revenue growth+117.9%+3.9%+86.9%-79.4%-13.3%+72.0%-
EBITDA1.411.852.801.923.601.91(0.22)
EBITDA margin+3.9%+11.1%+17.4%+22.3%+8.7%+4.0%-0.8%
Profit before tax0.380.781.690.782.691.55(1.52)
Net profit0.220.531.250.552.160.64(1.55)
Net profit margin+0.6%+3.2%+7.8%+6.4%+5.2%+1.3%-5.6%
EPS (₹)0.040.892.050.913.562.56(2.53)
Balance sheet
Total assets36.2135.4634.5333.9932.2632.7437.85
Net worth25.3725.1422.9521.7021.0718.8917.33
Total debt9.278.7610.0610.829.7212.3919.06
Cash & bank1.691.591.442.442.522.290.88
Net working capital16.9516.8614.6712.7412.9911.1210.83
Cash flow
Cash from operations(0.58)(1.12)(0.15)(0.94)3.088.48(0.72)
Cash from investing0.18(0.32)(0.08)(0.24)(0.18)(0.40)(0.04)
Cash from financing0.511.59(0.77)1.10(2.67)(6.68)0.79
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2.9819.803.5110.542.613.363.435.89
Revenue growth (YoY)+14.2%+489.3%+2.3%+79.0%-41.7%---
Other income0.020.050.050.060.070.070.050.05
EBITDA0.56(0.42)0.590.670.47(0.80)0.611.23
EBITDA margin+19.4%-2.1%+17.0%+6.3%+18.5%-23.5%+17.5%+20.9%
Depreciation0.090.090.090.090.090.100.090.09
Interest0.190.180.190.240.190.200.210.21
Profit before tax0.30(0.64)0.360.400.26(1.03)0.360.98
Tax0.07(0.13)0.090.100.06(0.24)0.090.25
Net profit0.23(0.51)0.270.300.20(0.79)0.270.73
EPS (₹)0.03(0.07)0.040.040.30(1.27)0.041.17
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue17.5315.6014.947.8340.8247.1526.62
Revenue growth+12.4%+4.4%+90.8%-80.8%-13.4%+77.1%-
EBITDA0.931.302.221.463.251.55(0.56)
EBITDA margin+5.3%+8.3%+14.9%+18.7%+8.0%+3.3%-2.1%
Profit before tax0.200.511.350.662.591.54(1.55)
Net profit0.120.371.040.482.070.63(1.56)
Net profit margin+0.7%+2.4%+7.0%+6.1%+5.1%+1.3%-5.9%
EPS (₹)0.020.611.710.783.402.53(2.58)
Balance sheet
Total assets22.5422.2920.3021.0218.9716.4517.84
Net worth20.7020.5718.5417.5016.9514.8713.32
Total debt1.841.731.773.532.031.584.52
Cash & bank1.651.481.422.432.472.260.87
Net working capital17.7317.2615.0513.0713.2311.5311.54
Cash flow
Cash from operations0.20(1.41)0.84(1.31)(0.14)4.74(0.60)
Cash from investing(0.15)(0.14)(0.08)(0.24)(0.10)(0.40)(0.04)
Cash from financing0.111.61(1.76)1.500.45(2.94)0.67
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2.548.782.963.532.333.063.135.64
Revenue growth (YoY)+9.0%+186.9%-5.4%-37.4%-45.1%---
Other income0.020.030.020.040.050.040.020.02
Total expenses2.129.202.543.061.973.902.694.59
EBITDA0.42(0.42)0.420.470.36(0.84)0.441.05
EBITDA margin+17.2%-4.7%+14.4%+13.2%+15.9%-27.1%+13.8%+18.6%
Depreciation0.090.090.090.090.090.090.090.09
Interest0.120.100.100.130.100.110.130.11
Profit before tax0.23(0.58)0.250.290.22(1.00)0.240.87
Tax0.06(0.14)0.060.070.06(0.23)0.060.22

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2.9819.803.5110.542.613.363.435.89
Revenue growth (YoY)+14.2%+489.3%+2.3%+79.0%-41.7%---
Other income0.020.050.050.060.070.070.050.05
EBITDA0.56(0.42)0.590.670.47(0.80)0.611.23
EBITDA margin+19.4%-2.1%+17.0%+6.3%+18.5%-23.5%+17.5%+20.9%
Depreciation0.090.090.090.090.090.100.090.09
Interest0.190.180.190.240.190.200.210.21
Profit before tax0.30(0.64)0.360.400.26(1.03)0.360.98
Tax0.07(0.13)0.090.100.06(0.24)0.090.25
Net profit0.23(0.51)0.270.300.20(0.79)0.270.73
EPS (₹)0.03(0.07)0.040.040.30(1.27)0.041.17
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue36.3916.7016.078.6041.6448.0027.90
Revenue growth+117.9%+3.9%+86.9%-79.4%-13.3%+72.0%-
Other income0.050.010.010.000.050.960.33
Total expenses34.9814.8513.276.6838.0446.0928.12
Employee cost2.642.542.091.861.821.621.77
EBITDA1.411.852.801.923.601.91(0.22)
EBITDA margin+3.9%+11.1%+17.4%+22.3%+8.7%+4.0%-0.8%
Depreciation0.370.370.390.380.370.400.40
Interest0.710.710.730.760.590.921.23
Profit before tax0.380.781.690.782.691.55(1.52)
Tax0.120.220.390.210.510.000.02
Net profit0.220.531.250.552.160.64(1.55)
Net profit margin+0.6%+3.2%+7.8%+6.4%+5.2%+1.3%-5.6%
EPS (₹)0.040.892.050.913.562.56(2.53)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital6.126.126.126.126.126.126.12
Reserves & surplus17.6017.3716.8315.5814.9512.7711.21
Shareholders' funds (net worth)25.3725.1422.9521.7021.0718.8917.33
Minority interest1.581.561.531.481.461.461.46
Secured loans1.971.871.773.532.031.484.37
Unsecured loans7.306.898.297.297.6910.9114.69
Total debt9.278.7610.0610.829.7212.3919.06
Total liabilities36.2135.4634.5333.9932.2632.7437.85
Assets
Gross block6.246.496.406.525.325.425.57
Net block1.952.172.242.541.591.771.77
Capital work in progress0.000.000.000.000.000.000.00
Investments1.091.421.421.421.421.421.42
Inventories14.7814.6513.7710.9610.989.658.26
Sundry debtors0.660.620.591.200.220.972.03
Cash & bank balances1.691.591.442.442.522.290.88
Loans & advances4.203.262.611.851.851.862.30
Total current assets21.3320.1218.4116.4515.5714.7713.47
Total current liabilities4.383.263.743.712.583.652.64
Net working capital16.9516.8614.6712.7412.9911.1210.83
Total assets36.2135.4634.5333.9932.2632.7437.85
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.591.442.442.522.290.880.86
Net cash from operating activities(0.58)(1.12)(0.15)(0.94)3.088.48(0.72)
Net cash from investing activities0.18(0.32)(0.08)(0.24)(0.18)(0.40)(0.04)
Net cash from financing activities0.511.59(0.77)1.10(2.67)(6.68)0.79
Net change in cash0.100.15(1.00)(0.08)0.231.410.03
Closing cash1.691.591.442.442.522.290.88
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+117.9%+3.9%+86.9%-79.4%-13.3%+72.0%-
EBITDA growth-23.8%-33.9%+45.8%-46.7%+88.5%+968.2%-
PBT growth-51.3%-53.9%+116.7%-71.0%+73.6%+9998.0%-
Net income growth-58.5%-57.6%+127.3%-74.5%+237.5%+141.3%-
Revenue CAGR (3Y)+61.7%-26.3%-30.6%-32.5%+7.9%+79.9%+44.6%
EBITDA CAGR (3Y)-9.8%-19.9%+13.6%-+17.5%-10.6%-
Profitability & leverage
Net income margin+0.7%+3.4%+8.1%+6.6%+5.2%+3.2%-5.5%
Return on capital employed+3.2%+4.5%+7.4%+4.9%+10.6%+4.6%-0.8%
Return on net worth+1.0%+2.4%+5.8%+2.7%+10.9%+3.6%-8.5%
Debt / equity0.360.390.470.480.550.871.03
Long-term debt / equity0.300.340.380.380.490.720.83
Interest cover68.2747.9730.2949.3518.2760.93-198.39
Efficiency & per share
Fixed asset turnover5.732.592.491.487.768.914.99
Inventory turnover2.481.181.300.784.045.473.04
Debtors turnover56.9427.6217.9712.1170.0732.6417.37
EPS (₹)0.040.892.050.913.562.56(2.53)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)3.8838.4137.5235.4734.4530.8828.33
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2.548.782.963.532.333.063.135.64
Revenue growth (YoY)+9.0%+186.9%-5.4%-37.4%-45.1%---
Other income0.020.030.020.040.050.040.020.02
Total expenses2.129.202.543.061.973.902.694.59
EBITDA0.42(0.42)0.420.470.36(0.84)0.441.05
EBITDA margin+17.2%-4.7%+14.4%+13.2%+15.9%-27.1%+13.8%+18.6%
Depreciation0.090.090.090.090.090.090.090.09
Interest0.120.100.100.130.100.110.130.11
Profit before tax0.23(0.58)0.250.290.22(1.00)0.240.87
Tax0.06(0.14)0.060.070.06(0.23)0.060.22
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue17.5315.6014.947.8340.8247.1526.62
Revenue growth+12.4%+4.4%+90.8%-80.8%-13.4%+77.1%-
Other income0.050.010.010.000.050.960.04
Total expenses16.6014.3012.726.3737.5745.6027.18
Employee cost2.222.411.821.821.691.401.43
EBITDA0.931.302.221.463.251.55(0.56)
EBITDA margin+5.3%+8.3%+14.9%+18.7%+8.0%+3.3%-2.1%
Depreciation0.350.370.390.380.370.400.40
Interest0.430.430.490.420.340.570.63
Profit before tax0.200.511.350.662.591.54(1.55)
Tax0.060.140.310.180.50(0.01)0.01
Net profit0.120.371.040.482.070.63(1.56)
Net profit margin+0.7%+2.4%+7.0%+6.1%+5.1%+1.3%-5.9%
EPS (₹)0.020.611.710.783.402.53(2.58)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital6.126.126.126.126.126.126.12
Reserves & surplus12.9312.8012.4211.3810.838.757.20
Shareholders' funds (net worth)20.7020.5718.5417.5016.9514.8713.32
Secured loans1.841.731.773.532.031.484.37
Unsecured loans0.000.000.000.000.000.100.15
Total debt1.841.731.773.532.031.584.52
Total liabilities22.5422.2920.3021.0218.9716.4517.84
Assets
Gross block5.876.126.196.355.155.255.40
Net block1.802.012.232.541.581.771.77
Capital work in progress0.000.000.000.000.000.000.00
Investments3.073.073.073.073.073.153.15
Inventories14.7814.6513.7710.9610.989.648.26
Sundry debtors0.660.620.591.200.220.942.00
Cash & bank balances1.651.481.422.432.472.260.87
Loans & advances4.043.232.391.681.651.632.16
Total current assets21.1319.9818.1716.2715.3214.4713.29
Total current liabilities3.402.723.123.202.092.941.75
Net working capital17.7317.2615.0513.0713.2311.5311.54
Total assets22.5422.2920.3021.0218.9716.4517.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.481.422.432.472.260.870.83
Net cash from operating activities0.20(1.41)0.84(1.31)(0.14)4.74(0.60)
Net cash from investing activities(0.15)(0.14)(0.08)(0.24)(0.10)(0.40)(0.04)
Net cash from financing activities0.111.61(1.76)1.500.45(2.94)0.67
Net change in cash0.170.07(1.01)(0.05)0.211.400.03
Closing cash1.651.481.422.432.472.260.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+12.4%+4.4%+90.8%-80.8%-13.4%+77.1%-
EBITDA growth-28.5%-41.4%+52.1%-55.1%+109.7%+376.8%-
PBT growth-60.8%-62.2%+104.6%-74.5%+68.2%+9998.0%-1309.1%
Net income growth-67.6%-64.4%+116.7%-76.8%+228.6%+140.4%-
Revenue CAGR (3Y)+30.8%-27.4%-31.8%-33.5%+9.4%+101.2%+52.4%
EBITDA CAGR (3Y)-14.0%-26.3%+12.7%-+56.4%+9.8%-
Profitability & leverage
Net income margin+0.8%+2.4%+7.0%+6.1%+5.1%+3.3%-5.9%
Return on capital employed+2.6%+4.5%+8.9%+5.4%+16.5%+6.9%-5.1%
Return on net worth+0.5%+1.9%+5.8%+2.8%+13.1%+4.5%-11.2%
Debt / equity0.090.090.150.160.110.220.30
Long-term debt / equity0.020.030.040.040.030.030.04
Interest cover74.1446.2426.7838.8911.8149.57-65.63
Efficiency & per share
Fixed asset turnover2.932.542.381.367.869.034.86
Inventory turnover1.191.101.210.713.965.382.87
Debtors turnover27.4725.8016.7011.0370.4732.7316.56
EPS (₹)0.020.611.710.783.402.53(2.58)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)3.1130.9230.3128.6027.7024.3121.78

Web traffic of Ajcon Global Services

The website of Ajcon Global Services (ajcononline.com) receives about 2.6K visits a month.

  • Monthly visits
    2.6K

    ▲ 4.6% vs previous month

Similar websites

Websites whose visitors overlap most with Ajcon Global Services. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
auctentic.com
auctentic.com
100%
#583,923–

Top companies in Investment Banks

2 companies that operate in the same segment as Ajcon Global Services (Investment Banks) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Ambit
Ambit is recognized as a leading provider of financial advice and capital in India.
1997Mumbai, Maharashtra, IndiaUSD 105.56 MUSD 116.66 M104
Union Bank Of India
Commercial bank
1911Mumbai, Maharashtra, India
Upgrade to premium

Unlock complete access to The Company Check

Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.

Upgrade to Premium No viewing limits. Your plan controls exports and screening usage.
Included in your Premium account
  • ✓
    Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
  • ✓
    Full access to every database India & global coverage, advanced filters and rich profile details
  • ✓
    Always-on access from your team account Single premium plan for everything you see on the portal

Related news about Ajcon Global Services

IPO: Share price band Rs.300, GMP Rs.313 - Check last date to apply, allotment and listing details
Mint • 2 months ago
Tempsens Instruments IPO Day 3: Issue booked 21.66x so far. Here's GMP, review, other key details - Apply or not?
Mint • 2 months ago
Tempsens Instruments IPO Day 2 LIVE: GMP, subscription status, review, other details. Apply or not?
Mint • 2 months ago
Ajcon Global Services To Consider Issuance Of Share Warrants Via Preferential Allotment
Reuters • 1 year ago
Ajcon Global Services Re-Appoints Ashok Ajmera As MD And CEO
Reuters • 4 years ago
Ajcon Global Services shifts registered office
Business Standard • 7 years ago
Premium access

Complete news archive for Ajcon Global Services

Full article history, source details, and older brand coverage require an active premium plan.

  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

Verified entity values are shown only after access is granted.

Frequently Asked Questions about Ajcon Global Services

Ajcon Global Services was founded in 1986.

Ajcon Global Services is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Ajcon Global Services has 34 employees.

The primary company behind Ajcon Global Services, Ajcon Global Services Ltd, reported revenue of ₹36.44 Cr for FY 2026, up 118% year on year.

Ajcon Global Services was founded in 1986 as a mid-market investment banking firm headquartered in Mumbai, India. Services encompassing mergers and acquisitions advisory, restructuring, and capital raising are delivered to clients. Operations are supported by five offices situated in locations including Indore, Ujjain, Parli, and Khamgaon, facilitating regional coverage within the financial sector.

Ajcon Global Services offers Equity Broking and Equity Research.

Yes, Ajcon Global Services is publicly traded on BSE under the ticker symbol AJCON.

Ajcon Global Services operates through Ajcon Global Services Ltd.

The legal entities of Ajcon Global Services currently have 8 directors, including Beverly S N Avalani, Rahul Atal, Ankit Ashok Ajmera and others.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available