CFL Securities Limited
About CFL Securities Limited
Data last updated:
CFL Securities Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 04 December 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1986PLC041793.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.55 Cr. It is led by directors including Devanshu Pravin Desai and Deepak Kumandas Sheth.
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 G – 1 Ground Floor Nirmal'S Nest Vayu Devta Mandir Complex Borivali West, Mumbai, Maharashtra, India – 400103.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.63 Lakh, a decline of 36% compared to the previous year. For the same year it recorded a net loss of ₹43.56 Lakh (net margin -297.8%) and EBITDA of -₹11.55 Lakh (EBITDA margin -79%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 21% over five years.
Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressG – 1 Ground Floor Nirmal'S Nest Vayu Devta Mandir Complex Borivali West, Mumbai, Maharashtra, India – 400103
- IndustryFinancial Services, Brokerage & Trading Services
- 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
- One PDF report, delivered after checkout
Financials of CFL Securities Limited FY 2025 filings available
CFL Securities Limited reported revenue of ₹14.63 Lakh (down 36% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of CFL Securities Limited
Revenue has declined at a compounded annual rate (CAGR) of 21% over five years, including a 36% fall in the latest year. EBITDA fell 116% 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 of CFL Securities Limited
| 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 | -₹11.55 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹43.56 Lakh | •••• | •••• | •••• | •••• |
| 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 of CFL Securities Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -79% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -297.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of CFL Securities are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of CFL Securities Limited
CFL Securities Limited is compared with the companies closest to it by revenue in the BFSI industry (Broking Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Embrace Securities Private Limited | ₹14.74 Lakh (FY 2025) | •••• | •••• | -23.0% | •••• | New Delhi, Delhi, India |
| Ellwin Stock Advisory Private Limited | ₹14.73 Lakh (FY 2024) | •••• | •••• | -2.0% | •••• | Mandaveli, Tamil Nadu, India |
| International Credits Limited | ₹14.71 Lakh (FY 2025) | •••• | •••• | -62.0% | •••• | New Delhi, Delhi, India |
| Jasvi Capital Private Limited | ₹14.68 Lakh (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Icon Infrastructures Private Limited | ₹14.66 Lakh (FY 2025) | •••• | •••• | 12.0% | •••• | Mumbai, Maharashtra, India |
| CFL Securities Limited this company | ₹14.63 Lakh (FY 2025) | •••• | •••• | -36.0% | •••• | Mumbai, Maharashtra, India |
| Acumen Edge Private Limited | ₹14.63 Lakh (FY 2024) | •••• | •••• | 171.0% | •••• | Bangalore, Karnataka, India |
| A to Z Stock Trade Private Limited | ₹14.63 Lakh (FY 2025) | •••• | •••• | -3.0% | •••• | Gurugram, Haryana, India |
| Vaishnodham Tracom Private Limited | ₹14.62 Lakh (FY 2025) | •••• | •••• | -32.0% | •••• | Kolkata, West Bengal, India |
| Thirdwave Data Systems Private Limited | ₹14.59 Lakh (FY 2025) | •••• | •••• | -31.0% | •••• | Kolkata, West Bengal, India |
| Anchor Advisory Services Private Limited | ₹14.56 Lakh (FY 2025) | •••• | •••• | -64.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below CFL Securities by revenue in the BFSI industry (Broking Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of CFL Securities Limited
CFL Securities Limited is audited by M D PANDYA & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M D PANDYA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of CFL Securities Limited
CFL Securities has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devanshu Pravin Desai | Director | 22 Oct 2013 | 12 Years 11 Months | Current |
| Deepak Kumandas Sheth | Director | 14 Jun 2021 | 5 Years 3 Months | Current |
| Milan Bhupendra Dalal Also directs: Foods and Inns Limited, Muller and Phipps (India) Limited, Mpil Corporation Ltd and 5 more | Director | 18 Aug 1994 | 32 Years 1 Months | Current |
Ownership and Shareholding of CFL Securities Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of CFL Securities Limited
CFL Securities Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of CFL Securities Limited
CFL Securities Limited has 4 court cases on record: 2 filed by CFL Securities, 2 filed against it. 2 cases are pending and 2 are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CHOL) | Filed against the company by Thomson Reuters India Private Limited | Pending |
| Bombay High Court | Court case (SS) | Filed against the company by Thomson Reuters India Private Limited | Disposed |
| Bombay High Court | Tax appeal | Filed by the company against Dy. Commissioner of Income Tax (Osd II) Central Range -7, Mumbai | Pending |
| Bombay High Court | Court case (NMA) | Filed by the company against Dy. Commissioner of Income Tax (Osd-Ii) Cenral Range - 7, Mumbai | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at CFL Securities Limited
Employment history and EPFO contributions of people linked to CFL Securities.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of CFL Securities Limited
CFL Securities has 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
CIN History of CFL Securities Limited
CFL Securities has one previous CIN (Corporate Identification Number): U99999MH1986PTC041793. The current CIN is U99999MH1986PLC041793, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH1986PLC041793 | Current |
| U99999MH1986PTC041793 | Previous |
Recent Activity on CFL Securities Limited
CFL Securities Limited has 6 board changes on record since 1994: 3 appointments and 3 cessations. The latest: Asim Bhupendra Dalal ceased to be Director on 14 Jun 2021.
Credit Ratings, Litigation & Regulatory Alerts for CFL Securities Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by CFL Securities Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of CFL Securities Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of CFL Securities Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of CFL Securities Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about CFL Securities Limited
CFL Securities 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 04 December 1986 (40+ years old) and is registered under CIN U99999MH1986PLC041793.
CFL Securities reported revenue of ₹14.63 Lakh for FY 2025 (down 36% YoY).
CFL Securities has 3 current directors:
- Devanshu Pravin Desai - Director
- Deepak Kumandas Sheth - Director
- Milan Bhupendra Dalal - Director
CFL Securities reported a net loss of ₹43.56 Lakh (net margin -297.8%) and EBITDA of -₹11.55 Lakh (EBITDA margin -79%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of CFL Securities is -21% over three years and -21% over five years. In the latest year (FY 2025) revenue fell 36%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of CFL Securities is U99999MH1986PLC041793. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
CFL Securities has 4 court cases on record: 2 filed by the company and 2 filed against it. 2 are pending.
CFL Securities was incorporated on 04 December 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of CFL Securities by revenue are Embrace Securities Private Limited, Ellwin Stock Advisory Private Limited, International Credits Limited, Jasvi Capital Private Limited, Icon Infrastructures Private Limited and 5 more, all in the BFSI industry (Broking Services).
Asim Bhupendra Dalal ceased to be Director on 14 Jun 2021. Deepak Kumandas Sheth was appointed as Director on 14 Jun 2021. Devanshu Pravin Desai ceased to be Additional Director on 30 Sep 2019. CFL Securities has 6 board changes on record in total.
The registered office of CFL Securities is at G – 1 Ground Floor NirmalS Nest Vayu Devta Mandir Complex Borivali West, Mumbai, Maharashtra, India – 400103.