About Candle Advisors Private Limited
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Candle Advisors Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 28 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2010PTC204945. Its GSTIN is 27AAECC0421E1ZB (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Navroz Manek Mahudawala and Rajnigandha Shekhawat.
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 20 – A/1 Takshila Mahakali Caves Andheri East, Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.14 Cr, a decline of 77% compared to the previous year. For the same year it recorded a net loss of ₹1.27 Cr (net margin -59.2%) and EBITDA of -₹1.26 Cr (EBITDA margin -59.2%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years and 10% over five years.
The company is associated with 1 brand: Candle Partners. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website candleadvisors.com.
Company details
Contact details
Candle Advisors Private Limited's registered office is in Mumbai, Maharashtra. Its website is candleadvisors.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address20 – A/1 Takshila Mahakali Caves Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Candle Advisors 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
Candle Advisors operates one associated brand: Candle Partners. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Investment banking services are provided across multiple sectors. | candlepartners.com |
Business activity
The main business activity of Candle Advisors 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 Candle Advisors Private Limited, buy the company report.
Financials of Candle Advisors Private Limited
FY 2025 filings availableCandle Advisors Private Limited reported revenue of ₹2.14 Cr (down 77% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 77% fall in the latest year. EBITDA fell 182% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹1.26 Cr | ||||
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| Net Profit (PAT) | -₹1.27 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -59.2% | ||||
| Net Profit Margin | -59.2% | ||||
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To see the full financial statements and ratios of Candle Advisors Private Limited, buy the company report.
Board of directors of Candle Advisors Private Limited
Candle Advisors has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Navroz Manek Mahudawala | Director | 28 Jun 2010 | 16 Years 3 Months | Current |
| Rajnigandha Shekhawat | Director | 28 Jun 2010 | 16 Years 3 Months | Current |
Auditor
Candle Advisors Private Limited is audited by VIJAY MUNGALE AND ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIJAY MUNGALE AND ASSOCIATES | FY 2022 | 114989W |
Shareholding
The shareholding of Candle Advisors Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Candle Advisors Private Limited, buy the company report.
Legal cases
Candle Advisors Private Limited has 1 court case on record: 1 filed by Candle Advisors. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed by the company against Timesaverz Dotcom Private Limited Cin U72300mh2012ptc229177 | Disposed |
To see the full case history of Candle Advisors Private 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
No delayed payments to MSME suppliers are on our record for Candle Advisors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Candle Advisors has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECC0421E1ZB | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Candle Advisors Private Limited, buy the company report.
Recent activity
Candle Advisors Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Navroz Manek Mahudawala was appointed as Director on 28 Jun 2010.
Frequently asked questions
Candle Advisors is an active private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 28 June 2010 (16+ years old) and is registered under CIN U74900MH2010PTC204945.
Candle Advisors has 2 current directors:
- Navroz Manek Mahudawala - Director
- Rajnigandha Shekhawat - Director
The latest financial statements of Candle Advisors 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.
The GSTIN of Candle Advisors is 27AAECC0421E1ZB, registered in Maharashtra.
The CIN (Corporate Identification Number) of Candle Advisors is U74900MH2010PTC204945. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Candle Advisors has 1 court case on record: 1 filed by the company.
Candle Advisors was incorporated on 28 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Navroz Manek Mahudawala was appointed as Director on 28 Jun 2010. Rajnigandha Shekhawat was appointed as Director on 28 Jun 2010.
Candle Advisors can be reached through the website candleadvisors.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Candle Advisors is at 20 – A1 Takshila Mahakali Caves Andheri East, Mumbai, Maharashtra, India – 400093.