About Bandhan Amc Limited
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Bandhan Amc Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Bandhan Financial Holdings Limited. It operates in the asset management firms segment of the financial services sector. It was incorporated on 20 December 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65993MH1999PLC123191. Its GSTIN is 27AACCA3262H1ZW (Maharashtra). The company holds 23 GST registrations, of which 22 are active.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹33.18 Cr. It was formerly known as Anz Grindlays Asset Management Company Private Limited and Idfc Asset Management Company Private Limited. It is led by directors including Mittal Nitin and Nandini Dias.
Its last annual general meeting (AGM) was held on 24 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6th Floor Tower 1C 841 One World Center Jupiter Mill Senapati Bapat Marg, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2023, the company reported a revenue of ₹374.8 Cr, a decline of 11.24% compared to the previous year.
The company has about 409 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Bandhan AMC, IDFC Asset Management Company and Bandhan Mutual Fund. Court records list 5 cases involving the company, including 5 filed against it; 3 cases are pending. The company has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹42.05 Cr; the latest was in March 2017. Its 5 peer companies in the BFSI industry (Asset Management), with the same principal business activity (fund management services) are compared by revenue, 4 larger and 1 smaller; the largest is 360 One Asset Management Limited with revenue of ₹421.5 Cr. The company has 2 MSME Form 1 returns on record between 2020 and 2024, listing 6 overdue payments to 4 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 bandhanamc.com.
Company details
Name history
Bandhan Amc has undergone 3 name changes throughout its history. The company was previously known as Anz Grindlays Asset Management Company Private Limited, Idfc Asset Management Company Private Limited, and Standard Chartered Asset Management Company Private Limited. The current legal name is Bandhan Amc Limited.
| Company Name | Status |
|---|---|
| Bandhan Amc Limited | Current |
| Anz Grindlays Asset Management Company Private Limited | Previous |
| Idfc Asset Management Company Private Limited | Previous |
| Standard Chartered Asset Management Company Private Limited | Previous |
CIN history
Bandhan Amc has one previous CIN (Corporate Identification Number): U65993MH1999PTC123191. The current CIN is U65993MH1999PLC123191, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65993MH1999PLC123191 | Current |
| U65993MH1999PTC123191 | Previous |
Contact details
Bandhan Amc Limited's registered office is in Mumbai, Maharashtra. Its website is bandhanamc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address6th Floor Tower 1C 841 One World Center Jupiter Mill Senapati Bapat Marg, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Asset Management Firms
To see the full contact details of Bandhan Amc 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
Bandhan Amc operates multiple associated brands including Bandhan AMC, IDFC Asset Management Company, and Bandhan Mutual Fund. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of asset management services | idfcamc.com | |
| Online platform for investing in mutual funds | bandhanmutual.com | |
| Asset management services including mutual funds, portfolio management, and alternative investments in India. | bandhanamc.com |
Business activity
Bandhan Amc operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Fund Management Services |
To see the full business activity and turnover split of Bandhan Amc Limited, buy the company report.
Financials of Bandhan Amc Limited
FY 2025 filings availableBandhan Amc Limited reported revenue of ₹374.8 Cr (down 11.24% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11.24% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Revenue | ₹374.8 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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To see the full financial statements and ratios of Bandhan Amc Limited, buy the company report.
Board of directors of Bandhan Amc Limited
Bandhan Amc has 10 current directors and 36 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mittal Nitin | Director | 31 Jan 2023 | 3 Years 8 Months | Current |
| Nandini Dias Also directs: India Chapter of International Advertising Association. | Director | 01 May 2023 | 3 Years 5 Months | Current |
| Akash Kedia | Nominee Director | 23 Feb 2024 | 2 Years 8 Months | Current |
| Ravindran Shunmugakani | Director | 01 Dec 2023 | 2 Years 10 Months | Current |
| Ankit Singhal | Nominee Director | 31 Jan 2023 | 3 Years 8 Months | Current |
| Karni Singh Charan Das Arha Also directs: Bandhan Financial Holdings Limited, Bandhan Life Insurance Limited | Nominee Director | 31 Jan 2023 | 3 Years 8 Months | Current |
Peer comparison
Bandhan Amc Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Asset Management), with the same principal business activity (fund management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 360 One Asset Management Limited | ₹421.5 Cr (FY 2025) | 25.0% | Mumbai, Maharashtra, India | |||
| Canara Robeco Asset Management Company Limited | ₹404 Cr (FY 2025) | 27.0% | Mumbai, Maharashtra, India | |||
| Invesco Asset Management (India) Private Limited | ₹399.87 Cr (FY 2025) | 40.0% | Mumbai, Maharashtra, India | |||
| HSBC Consultancy Services (India) Limited | ₹393.1 Cr (FY 2022) | 13.0% | Mumbai, Maharashtra, India | |||
| Bandhan Amc Limitedthis company | ₹374.8 Cr (FY 2023) | -11.2% | 409 | Mumbai, Maharashtra, India | ||
| Enam Asset Management Company Private Limited | ₹340.23 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Bandhan Amc Limited, buy the company report.
Auditor
Bandhan Amc Limited is audited by Price Waterhouse & Co Chartered Accountant LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountant LLP | FY 2018 | E-300009 |
Shareholding
The shareholding of Bandhan Amc 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 Bandhan Amc Limited, buy the company report.
Deals & funding
Bandhan Amc Limited has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹42.05 Cr; the latest was in March 2017.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Idfc Financial Holding Company Limited Seller: Natixis Global Asset Management Asia Pte Ltd |
| Jul 2015 | Secondary share transfer | Undisclosed | Buyer: Idfc Financial Holding Company Limited Seller: Idfc Limited |
| Jul 2012 | Secondary share transfer | Undisclosed | Buyer: Natixis Global Asset Management Asia Pte Ltd Seller: Idfc Limited |
| Nov 2010 | Funding round | ₹20 Cr | Investors: Idfc Limited |
| Sep 2010 | Secondary share transfer | Undisclosed | Seller: Idfc Limited |
To see the full deal history of Bandhan Amc 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
Bandhan Amc Limited has 5 court cases on record: 5 filed against it. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 2 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company | Pending |
| District court, Panchkula, Haryana | Court case (SUCC) | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Court case (S) | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Bandhan Amc 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
Bandhan Amc Limited has 2 MSME Form 1 returns on record between 2020 and 2024, listing 6 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Niharika Hotels Private Limited | |||
| Infinity Internet Private Limited | |||
| Techberry Infotech Private Limited | |||
| Nexstep Infotech Private Limited |
To see the full MSME payment records of Bandhan Amc Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Bandhan Amc Limited has a workforce of 409 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Bandhan Amc has 23 GST registrations: 22 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCA3262H1ZW | Maharashtra | Active | 01 Jul 2017 |
| 03AACCA3262H1Z6 | Punjab | Active | 01 Jul 2017 |
| 04AACCA3262H1Z4 | Chandigarh | Active | 01 Jul 2017 |
| 05AACCA3262H1Z2 | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bandhan Amc Limited, buy the company report.
Recent activity
Bandhan Amc Limited has 41 board changes on record since 2007: 12 appointments and 29 cessations. The latest: Chandra Shekhar Ghosh was appointed as Nominee Director on 31 Oct 2025.
32 earlier events are in the company report.
News
Frequently asked questions
Bandhan Amc is an active public limited company based in Mumbai, Maharashtra, India. The company works in asset management firms, within the financial services industry. It was incorporated on 20 December 1999 (27+ years old) and is registered under CIN U65993MH1999PLC123191.
Bandhan Amc has 10 current directors:
- Mittal Nitin - Director
- Nandini Dias - Director
- Akash Kedia - Nominee Director
- Ravindran Shunmugakani - Director
- Ankit Singhal - Nominee Director
- Karni Singh Charan Das Arha - Nominee Director
- Atanu Sen - Nominee Director
- Bhaskar Sen - Director
- Chandresh Haridas Ruparel - Additional Director
- Chandra Shekhar Ghosh - Nominee Director
The latest financial statements of Bandhan Amc on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bandhan Amc is 27AACCA3262H1ZW, registered in Maharashtra. The company has 23 GST registrations in all, of which 22 are active and 1 is cancelled or inactive. Other active GSTINs include 03AACCA3262H1Z6 (Punjab), 04AACCA3262H1Z4 (Chandigarh), 05AACCA3262H1Z2 (Uttarakhand).
The CIN (Corporate Identification Number) of Bandhan Amc is U65993MH1999PLC123191. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bandhan Amc has 5 court cases on record: 5 filed against it. 3 are pending. Most are in the high courts.
Bandhan Amc was incorporated on 20 December 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
Bandhan Amc has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹42.05 Cr; the latest was in March 2017.
The peers of Bandhan Amc by revenue are 360 One Asset Management Limited, Canara Robeco Asset Management Company Limited, Invesco Asset Management (India) Private Limited, HSBC Consultancy Services (India) Limited, Enam Asset Management Company Private Limited, all in the BFSI industry (Asset Management), with the same principal business activity (fund management services).
Chandra Shekhar Ghosh was appointed as Nominee Director on 31 Oct 2025. Chandresh Haridas Ruparel was appointed as Additional Director on 31 Oct 2025. Ankur Maheshwari was appointed as CFO on 13 May 2025. Bandhan Amc has 41 board changes on record in total.
Bandhan Amc has 2 MSME Form 1 returns on record between 2020 and 2024, listing 6 overdue payments to 4 micro and small suppliers. The latest return was filed on 01 May 2024.
Bandhan Amc can be reached through the website bandhanamc.com. Its registered office is in Mumbai, Maharashtra, India.
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