About Bellwether Capital Private Limited
Data last updated:
Bellwether Capital Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the portfolio management services segment of the financial services sector. It was incorporated on 13 November 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2003PTC143117. Its GSTIN is 27AACCB3356P1ZB (Maharashtra).
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹43.5 Lakh. It is led by directors Miten Ashwin Mehta (Managing Director) and Ranjit Ashok Dongre.
Its last annual general meeting (AGM) was held on 23 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 508 Raheja Chambersfree Press Journal Rd Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹119.2 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹27.4 Cr (net margin 23%) and EBITDA of ₹37.41 Cr (EBITDA margin 31.4%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 15% over five years.
The company is associated with 1 brand: Bellwether Capital. As per MCA filings, the company has satisfied charges of ₹10 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bellwethercapital.in.
Company details
Contact details
Bellwether Capital Private Limited's registered office is in Mumbai, Maharashtra. Its website is bellwethercapital.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address508 Raheja Chambersfree Press Journal Rd Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryFinancial Services, Portfolio Management Services
To see the full contact details of Bellwether Capital Private 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
Bellwether Capital operates one associated brand: Bellwether Capital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Funds are managed through investment services by Bellwether Capital. | bellwethercapital.in |
Business activity
The main business activity of Bellwether Capital 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 Bellwether Capital Private Limited, buy the company report.
Financials of Bellwether Capital Private Limited
FY 2024 filings availableBellwether Capital Private Limited reported revenue of ₹119.2 Cr (up 20% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 20% growth in the latest year. EBITDA fell 53% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹37.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹27.4 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 31.4% | ||||
| Net Profit Margin | 23% | ||||
| 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 Bellwether Capital Private Limited, buy the company report.
Board of directors of Bellwether Capital Private Limited
Bellwether Capital has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Miten Ashwin Mehta Also directs: Bellwether Capital Advisors Ifsc LLP | Managing Director | 13 Nov 2003 | 22 Years 11 Months | Current |
| Ranjit Ashok Dongre Also directs: Bellwether Capital Advisors Ifsc LLP | Director | 13 Nov 2003 | 22 Years 11 Months | Current |
Peer comparison
Bellwether Capital Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Portfolio Managers), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Incred Capital Wealth Portfolio Managers Private Limited | ₹148.46 Cr (FY 2025) | 34.0% | Mumbai, Maharashtra, India | |||
| Bellwether Capital Private Limitedthis company | ₹119.2 Cr (FY 2025) | ₹27.4 Cr | 23% | 20.0% | Mumbai, Maharashtra, India | |
| Globe Derivatives and Securities Limited | ₹102.8 Cr (FY 2025) | -15.0% | New Delhi, Delhi, India | |||
| Neo Wealth Management Private Limited | ₹94.36 Cr (FY 2025) | 52.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Bellwether Capital Private Limited, buy the company report.
Auditor
Bellwether Capital Private Limited is audited by Kinjal H. Shah & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kinjal H. Shah & Co. | FY 2023 | 117874W |
Shareholding
The shareholding of Bellwether Capital Private 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 Bellwether Capital Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jan 2017 | 100090296 | Others | ₹10 Cr | Satisfied |
To see the full charge records of Bellwether Capital Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Bellwether Capital Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bellwether Capital Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bellwether Capital has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCB3356P1ZB | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bellwether Capital Private Limited, buy the company report.
Recent activity
Bellwether Capital Private Limited has 2 board changes on record since 2003: 2 appointments. The latest: Miten Ashwin Mehta was appointed as Managing Director on 13 Nov 2003.
Frequently asked questions
Bellwether Capital is an active private limited company based in Mumbai, Maharashtra, India. The company works in portfolio management services, within the financial services industry. It was incorporated on 13 November 2003 (23+ years old) and is registered under CIN U67190MH2003PTC143117.
Bellwether Capital has 2 current directors:
- Miten Ashwin Mehta - Managing Director
- Ranjit Ashok Dongre - Director
The latest financial statements of Bellwether Capital on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 23 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Bellwether Capital is 27AACCB3356P1ZB, registered in Maharashtra.
The CIN (Corporate Identification Number) of Bellwether Capital is U67190MH2003PTC143117. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bellwether Capital was incorporated on 13 November 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Bellwether Capital by revenue are Incred Capital Wealth Portfolio Managers Private Limited, Globe Derivatives and Securities Limited, Neo Wealth Management Private Limited, all in the BFSI industry (Portfolio Managers), with the same principal business activity (financial advisory, brokerage and consultancy services).
Miten Ashwin Mehta was appointed as Managing Director on 13 Nov 2003. Ranjit Ashok Dongre was appointed as Director on 13 Nov 2003.
Bellwether Capital can be reached through the website bellwethercapital.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Bellwether Capital is at 508 Raheja Chambersfree Press Journal Rd Nariman Point, Mumbai, Maharashtra, India – 400021.
Bellwether Capital operates in the financial services industry, in the portfolio management services segment.