About CD Research Private Limited
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CD Research Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 18 May 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51109WB1983PTC036323. Its GSTIN is 27AABCB2540E1Z7 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹30.99 Lakh. It was formerly known as Bestometa Industries Ltd and Bestometa Equity Research Limited. It is led by directors Kishan Gupta and Pranay Desai.
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 37 Shakespeare Sarani 3rd Floor S.B. Tower, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2025, the company reported a revenue of ₹72,919, a growth of 48% compared to the previous year. For the same year it recorded a net profit of ₹15,414 (net margin 21.1%) and EBITDA of ₹20,840 (EBITDA margin 28.6%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 42% over five years.
The company is associated with 1 brand: CD EquiSearch. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cdequi.com.
Company details
Name history
CD Research has undergone 3 name changes throughout its history. The company was previously known as Bestometa Industries Ltd, Bestometa Equity Research Limited, and Bestometa Equity Research Private Limited. The current legal name is Cd Research Private Limited.
| Company Name | Status |
|---|---|
| CD Research Private Limited | Current |
| Bestometa Industries Ltd | Previous |
| Bestometa Equity Research Limited | Previous |
| Bestometa Equity Research Private Limited | Previous |
CIN history
CD Research has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51109WB1983PTC036323, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109WB1983PTC036323 | Current |
| U99999WB1983PLC036323 | Previous |
| U51109WB1983PLC036323 | Previous |
Contact details
CD Research Private Limited's registered office is in Kolkata, West Bengal. Its website is cdequi.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address37 Shakespeare Sarani 3rd Floor S.B. Tower, Kolkata, West Bengal, India – 700017
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of CD Research 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
CD Research operates one associated brand: CD EquiSearch. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An online platform for conducting technical analysis and research. | cdequi.com |
Financials of CD Research Private Limited
FY 2025 filings availableCD Research Private Limited reported revenue of ₹72,919 (up 48% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 48% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 42%. EBITDA rose 35% 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 | ₹20,840 | ||||
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| Net Profit (PAT) | ₹15,414 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.6% | ||||
| Net Profit Margin | 21.1% | ||||
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To see the full financial statements and ratios of CD Research Private Limited, buy the company report.
Board of directors of CD Research Private Limited
CD Research has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kishan Gupta Also directs: CD Finvest Private Limited, CD Equisearch Pvt Ltd | Director | 10 Mar 2025 | 1 Years 7 Months | Current |
| Pranay Desai | Director | 11 Aug 2008 | 18 Years 2 Months | Current |
Auditor
CD Research Private Limited is audited by CHOUDHARI PRAMOD & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHOUDHARI PRAMOD & CO | FY 2020 | 324247E |
Shareholding
The shareholding of CD Research Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of CD Research Private Limited, buy the company report.
Legal cases
CD Research Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (APO) | Filed against the company by an individual | Disposed |
To see the full case history of CD Research 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 CD Research Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
CD Research has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCB2540E1Z7 | Maharashtra | Active | 08 Dec 2017 |
To see the full GST registrations and return filing status of CD Research Private Limited, buy the company report.
Recent activity
CD Research Private Limited has 10 board changes on record since 2008: 2 appointments and 8 cessations. The latest: Kishan Gupta ceased to be Additional Director on 29 Sep 2025.
1 earlier event is in the company report.
Frequently asked questions
CD Research is an active private limited company based in Kolkata, West Bengal, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 18 May 1983 (43+ years old) and is registered under CIN U51109WB1983PTC036323.
CD Research has 2 current directors:
- Kishan Gupta - Director
- Pranay Desai - Director
The latest financial statements of CD Research 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 CD Research is 27AABCB2540E1Z7, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of CD Research is U51109WB1983PTC036323. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
CD Research has 1 court case on record: 1 filed against it.
CD Research was incorporated on 18 May 1983, making it 43+ years old. It is registered with the Registrar of Companies, Kolkata.
Kishan Gupta ceased to be Additional Director on 29 Sep 2025. Kishan Gupta was appointed as Director on 10 Mar 2025. Rajesh Agarwal ceased to be Director on 20 Jul 2010. CD Research has 10 board changes on record in total.
CD Research can be reached through the website cdequi.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of CD Research is at 37 Shakespeare Sarani 3rd Floor S.B. Tower, Kolkata, West Bengal, India – 700017.
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