About Bofa Securities India Limited
Data last updated:
Bofa Securities India Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Ghs Singapore Holding Pte. Ltd.. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 23 October 1975 and has been in existence for over 51 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH1975PLC018618. Its GSTIN is 27AAACD0535G2Z2 (Maharashtra). The company holds 9 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1,093.75 Cr and a paid-up capital of ₹23.16 Cr. It was formerly known as D.S.P. Financial Consultants Limited and D.S.P. Investment Financial and Management Services Ltd. It is led by directors including Arbind Maheswari (Whole-Time Director) and Asit Anil Bhatia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ground Floor A Wing One BKC G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,210.5 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹550.7 Cr (net margin 45.5%) and EBITDA of ₹772 Cr (EBITDA margin 63.8%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 12% over five years.
The company has about 166 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bank of America. As per MCA filings, the company has open charges of ₹58.5 Cr and satisfied charges of ₹90.15 Cr on record. Court records list 59 cases involving the company, including 12 filed by the company and 47 filed against it; 9 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ml-india.com.
Company details
Name history
Bofa Securities India has undergone 3 name changes throughout its history. The company was previously known as D.S.P. Financial Consultants Limited, D.S.P. Investment Financial And Management Services Ltd, and Dsp Merrill Lynch Limited. The current legal name is Bofa Securities India Limited.
| Company Name | Status |
|---|---|
| Bofa Securities India Limited | Current |
| D.S.P. Financial Consultants Limited | Previous |
| D.S.P. Investment Financial And Management Services Ltd | Previous |
| Dsp Merrill Lynch Limited | Previous |
CIN history
Bofa Securities India has one previous CIN (Corporate Identification Number): U74140MH2004PTC018618. The current CIN is U74140MH1975PLC018618, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140MH1975PLC018618 | Current |
| U74140MH2004PTC018618 | Previous |
Contact details
Bofa Securities India Limited's registered office is in Mumbai, Maharashtra. Its website is ml-india.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGround Floor A Wing One BKC G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Bofa Securities India 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
Bofa Securities India operates one associated brand: Bank of America. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Commercial banking and asset management services are offered worldwide. | bankofamerica.com |
Business activity
The main business activity of Bofa Securities India is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| 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 | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Bofa Securities India Limited, buy the company report.
Financials of Bofa Securities India Limited
FY 2025 filings availableBofa Securities India Limited reported revenue of ₹1,210.5 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 2% growth in the latest year. EBITDA fell 4% 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 | ₹772 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹550.7 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 | 63.8% | ||||
| Net Profit Margin | 45.5% | ||||
| 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 Bofa Securities India Limited, buy the company report.
Board of directors of Bofa Securities India Limited
Bofa Securities India has 7 current directors and 44 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manishi Kansal | Director | 18 Dec 2023 | 2 Years 10 Months | Current |
| Sudhir Jain | Director | 24 Jul 2020 | 6 Years 3 Months | Current |
| Mitali Ghosh | Director | 15 Jun 2021 | 5 Years 4 Months | Current |
| Arbind Maheswari | Whole-Time Director | 25 Jan 2019 | 7 Years 9 Months | Current |
| Kumar Mahendrabhai Shah Also directs: DSP Finance Private Limited | Director | 14 Jul 2022 | 4 Years 3 Months | Current |
| Asit Anil Bhatia | Whole-Time Director | 25 Nov 2011 | 14 Years 11 Months | Current |
Peer comparison
Bofa Securities India Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Broking Services), 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 |
|---|---|---|---|---|---|---|
| Smart Equity Brokers Private Limited. | ₹1,319.47 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Concunsmart Shares and Stock Broker Private Limited | ₹1,277.56 Cr (FY 2022) | 116.0% | Thane, Maharashtra, India | |||
| Capri Global Holdings Private Limited | ₹1,256.56 Cr (FY 2025) | -21.0% | Mumbai, Maharashtra, India | |||
| Bofa Securities India Limitedthis company | ₹1,210.5 Cr (FY 2025) | ₹550.7 Cr | 45.5% | 2.0% | 166 | Mumbai, Maharashtra, India |
| RKSV Securities India Private Limited | ₹1,208.23 Cr (FY 2025) | 9.0% | New Delhi, Delhi, India | |||
| Prudent Corporate Advisory Services Limited | ₹1,133.48 Cr (FY 2025) | 37.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Bofa Securities India Limited, buy the company report.
Auditor
Bofa Securities India Limited is audited by B S R & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Bofa Securities India 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 Bofa Securities India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 May 2022 | 100575054 | Others | ₹50 Cr | Open | |
| 13 May 1996 | 90163368 | Dresoner Bank Ag | ₹8.5 Cr | Open | |
| 29 Jun 2017 | 100111751 | Hdfc Bank Limited | ₹11.23 Lakh | Satisfied | |
| 12 May 2017 | 100104179 | Hdfc Bank Limited | ₹22.72 Lakh | Satisfied | |
| 12 May 2017 | 100104451 | Hdfc Bank Limited | ₹22.42 Lakh | Satisfied |
To see the full charge records of Bofa Securities India Limited, buy the company report.
Total charge records: 412 View all charges
Legal cases
Bofa Securities India Limited has 59 court cases on record: 12 filed by Bofa Securities India, 47 filed against it. 9 cases are pending and 50 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 29 | 27 | 2 |
| High courts | 27 | 18 | 7 |
| Supreme Court | 3 | 2 | 0 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Court case (RCA SCJ) | Filed against the company by JVR Investfin Pvt Ltd | Pending |
| District court, Central, Delhi | Civil suit | Filed against the company by Ms. JVR Investfin Pvt Ltd | Disposed |
| High Court, UTTARPRADESH | Court case (FAPL) | Filed against the company by Alps Industries Ltd. and Another | Disposed |
| Bombay High Court | Company petition | Filed by the company against Gopi Textiles and Industrials (India)P.Ltd. | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
To see the full case history of Bofa Securities India 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
Bofa Securities India Limited has 12 MSME Form 1 returns on record between 2019 and 2023, listing 89 overdue payments to 28 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 28)
To see the full MSME payment records of Bofa Securities India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Bofa Securities India Limited has a workforce of 166 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Bofa Securities India has 9 GST registrations: 3 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD0535G2Z2 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACD0535G3Z1 | Maharashtra | Active | 21 Mar 2025 |
| 29AAACD0535G2ZY | Karnataka | Active | 11 Jun 2019 |
To see the full GST registrations and return filing status of Bofa Securities India Limited, buy the company report.
Recent activity
Bofa Securities India Limited has 45 board changes on record since 2007: 8 appointments and 37 cessations. The latest: Manishi Kansal ceased to be Additional Director on 26 Sep 2024.
865 earlier events are in the company report.
News
Frequently asked questions
Bofa Securities India 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 23 October 1975 (51+ years old) and is registered under CIN U74140MH1975PLC018618.
Bofa Securities India has 7 current directors:
- Arbind Maheswari - Whole-Time Director
- Asit Anil Bhatia - Whole-Time Director
- Rajnarayan Balakrishnan - Whole-Time Director
- Manishi Kansal - Director
- Sudhir Jain - Director
- Mitali Ghosh - Director
- Kumar Mahendrabhai Shah - Director
The latest financial statements of Bofa Securities India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bofa Securities India is 27AAACD0535G2Z2, registered in Maharashtra. The company has 9 GST registrations in all, of which 3 are active and 6 are cancelled or inactive. Other active GSTINs include 27AAACD0535G3Z1 (Maharashtra), 29AAACD0535G2ZY (Karnataka).
The CIN (Corporate Identification Number) of Bofa Securities India is U74140MH1975PLC018618. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bofa Securities India has 59 court cases on record: 12 filed by the company and 47 filed against it. 9 are pending. Most are in the district courts.
Bofa Securities India was incorporated on 23 October 1975, making it 51+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Bofa Securities India by revenue are Smart Equity Brokers Private Limited, Concunsmart Shares and Stock Broker Private Limited, Capri Global Holdings Private Limited, RKSV Securities India Private Limited, Prudent Corporate Advisory Services Limited, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Manishi Kansal ceased to be Additional Director on 26 Sep 2024. Manishi Kansal was appointed as Director on 18 Dec 2023. Priyesha Abhimanu Sehgal was appointed as Company Secretary on 03 Oct 2023. Bofa Securities India has 45 board changes on record in total.
Bofa Securities India has 12 MSME Form 1 returns on record between 2019 and 2023, listing 89 overdue payments to 28 micro and small suppliers. The latest return was filed on 04 Jan 2024.
Bofa Securities India can be reached through the website ml-india.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Bofa Securities India is at Ground Floor A Wing One BKC G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.