Bharat Equity Services Limited
About Bharat Equity Services Limited
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Bharat Equity Services Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 22 December 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ1993PLC020906. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹5.15 Cr. It is led by directors including Shamim Sheikh and Rafiqunnisa Maqsood Merchant.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Room No924 9th Floor Fortune Tower Sayajigunj, Vadodara, Gujarat, India – 390005.
As per the financials filed for FY 2025, the company reported a revenue of ₹50.61 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹33.93 Lakh (net margin 67.1%) and EBITDA of ₹39.6 Lakh (EBITDA margin 78.3%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 25% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Bharat Equity Services Limited's registered office is in Vadodara, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRoom No924 9th Floor Fortune Tower Sayajigunj, Vadodara, Gujarat, India – 390005
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Bharat Equity Services 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
Business activity
The main business activity of Bharat Equity Services is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
Financials of Bharat Equity Services Limited
FY 2025 filings availableBharat Equity Services Limited reported revenue of ₹50.61 Lakh (up 275% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 275% growth 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 |
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| EBITDA | ₹39.6 Lakh | ||||
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| Net Profit (PAT) | ₹33.93 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 78.3% | ||||
| Net Profit Margin | 67.1% | ||||
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To see the full financial statements and ratios of Bharat Equity Services Limited, buy the company report.
Board of directors of Bharat Equity Services Limited
Bharat Equity Services has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shamim Sheikh Also directs: M.P.Agro Industries Limited, Bhavnagar Agro Industries Limited, Liberty Fertilizers Limited and 4 more | Director | 09 Mar 2017 | 9 Years 7 Months | Current |
| Rafiqunnisa Maqsood Merchant Also directs: M.P.Agro Industries Limited, Bhavnagar Agro Industries Limited, Liberty Fertilizers Limited and 4 more | Director | 09 Mar 2017 | 9 Years 7 Months | Current |
| Mohammedyunus Rashidbhai Memon Also directs: M.P.Agro Industries Limited, Bhavnagar Agro Industries Limited, Liberty Fertilizers Limited and 3 more | Director | 01 Apr 2013 | 13 Years 7 Months | Current |
Auditor
Bharat Equity Services Limited is audited by PARIKH SHAH CHOTALIA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARIKH SHAH CHOTALIA & ASSOCIATES | FY 2018 | 118493W |
Shareholding
The shareholding of Bharat Equity Services Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Bharat Equity Services Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bharat Equity Services 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 Bharat Equity Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bharat Equity Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Bharat Equity Services Limited, buy the company report.
Recent activity
Bharat Equity Services Limited has 10 board changes on record since 2009: 3 appointments and 7 cessations. The latest: Rabiabai Abdulrazak Dhanani ceased to be Director on 07 Oct 2020.
1 earlier event is in the company report.
Frequently asked questions
Bharat Equity Services is an active public limited company based in Vadodara, Gujarat, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 22 December 1993 (33+ years old) and is registered under CIN U67120GJ1993PLC020906.
Bharat Equity Services has 3 current directors:
- Shamim Sheikh - Director
- Rafiqunnisa Maqsood Merchant - Director
- Mohammedyunus Rashidbhai Memon - Director
The latest financial statements of Bharat Equity Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Bharat Equity Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Bharat Equity Services is U67120GJ1993PLC020906. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bharat Equity Services was incorporated on 22 December 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Rabiabai Abdulrazak Dhanani ceased to be Director on 07 Oct 2020. Rafiqunnisa Maqsood Merchant ceased to be Additional Director on 29 Sep 2018. Shamim Sheikh ceased to be Additional Director on 29 Sep 2018. Bharat Equity Services has 10 board changes on record in total.
The registered office of Bharat Equity Services is at Room No924 9th Floor Fortune Tower Sayajigunj, Vadodara, Gujarat, India – 390005.
Bharat Equity Services operates in the financial services industry, in the brokerage and trading services segment.
The compliance status of Bharat Equity Services is compliant as of 18 August 2026. The company is actively filing with the Registrar of Companies.
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