Corroborate Ventures Services Private Limited
About Corroborate Ventures Services Private Limited
Data last updated:
Corroborate Ventures Services Private Limited was a private limited company based in New Delhi, Delhi, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the brokerage and trading services segment of the financial services sector. It was incorporated on 15 March 1994.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U51109DL1994PTC301249. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹2.25 Cr and a paid-up capital of ₹2.15 Cr. It was led by directors including Anoop Jain and Rishabh Jain.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 11 Babar Lane Bengali Market, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2024, the company reported a revenue of ₹118.73 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹14.51 Cr (net margin 12.2%) and EBITDA of ₹19.88 Cr (EBITDA margin 16.7%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 69% over five years.
As per MCA filings, the company had open charges of ₹11 Lakh on record. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹8.53 Cr; the latest was in October 2019. Its 5 peer companies in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 1 larger and 4 smaller; the largest is Pazago Technologies Private Limited with revenue of ₹119.85 Cr.
Company details
CIN history
Corroborate Ventures Services has one previous CIN (Corporate Identification Number): U51109WB1994PTC062279. The current CIN is U51109DL1994PTC301249, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109DL1994PTC301249 | Current |
| U51109WB1994PTC062279 | Previous |
Contact details
Corroborate Ventures Services Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address11 Babar Lane Bengali Market, New Delhi, Delhi, India – 110001
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Corroborate Ventures Services 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
Business activity
The main business activity of Corroborate Ventures Services 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 Corroborate Ventures Services Private Limited, buy the company report.
Financials of Corroborate Ventures Services Private Limited
FY 2024 filings availableCorroborate Ventures Services Private Limited reported revenue of ₹118.73 Cr (up 913% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 69% over five years, including 913% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹19.88 Cr | ||||
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| Net Profit (PAT) | ₹14.51 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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| Profitability | |||||
| EBITDA Margin | 16.7% | ||||
| Net Profit Margin | 12.2% | ||||
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To see the full financial statements and ratios of Corroborate Ventures Services Private Limited, buy the company report.
Board of directors of Corroborate Ventures Services Private Limited
Corroborate Ventures Services 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 |
|---|---|---|---|---|
| Anoop Jain Also directs: Mauve Farms Private Limited, A.Jain and Company Pvt.Ltd., Soodan Informatics and Marketing Private Limited and 5 more | Director | 25 Mar 2015 | 11 Years 7 Months | As last reported |
| Rishabh Jain Also directs: Virat Services LLP, True Diamond Realtors LLP, Prabudh Securities and Advisory LLP and 5 more | Director | 30 Jun 2021 | 5 Years 4 Months | As last reported |
| Vimal Chand Jain Also directs: Zillow Real Estate LLP, Mauve Farms Private Limited, A.Jain and Company Pvt.Ltd. and 3 more | Director | 15 May 2020 | 6 Years 6 Months | As last reported |
Peer comparison
Corroborate Ventures Services Private 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 |
|---|---|---|---|---|---|---|
| Pazago Technologies Private Limited | ₹119.85 Cr (FY 2025) | 54.0% | Bangalore, Karnataka, India | |||
| Corroborate Ventures Services Private Limitedthis company | ₹118.73 Cr (FY 2024) | ₹14.51 Cr | 12.2% | 913.0% | New Delhi, Delhi, India | |
| Gandhi Securities and Investment Private Limited | ₹117.74 Cr (FY 2025) | 81.0% | Mumbai, Maharashtra, India | |||
| Kunvarji Finance Private Limited | ₹117.62 Cr (FY 2025) | 221.0% | Ahmedabad, Gujarat, India | |||
| LKP Securities Limited | ₹117.45 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India | |||
| Motisons Shares Limited | ₹116.8 Cr (FY 2025) | 20.0% | Haridwar, Uttarakhand, India |
To see the full peer comparison of Corroborate Ventures Services Private Limited, buy the company report.
Auditor
Corroborate Ventures Services Private Limited is audited by S.P. AGARWAL & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.P. AGARWAL & CO. | FY 2022 | 085763 |
Shareholding
The shareholding of Corroborate Ventures Services Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Corroborate Ventures Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Aug 2023 | 100802161 | Hdfc Bank Limited | ₹11 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Corroborate Ventures Services Private Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹8.53 Cr; the latest was in October 2019.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2019 | Funding round | ₹40 Lakh | Investors: Dwarka Investments Private Limited |
| Mar 2012 | Funding round | ₹4 Cr | Investors: JMD Sounds Ltd , Jai Ambe Cassettes Private Limited, Neha Cassetes Private Limited |
| Mar 2009 | Funding round | ₹4.13 Cr | Investors: G C B Capital Finance Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Corroborate Ventures Services Private 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 Corroborate Ventures Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Corroborate Ventures 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 Corroborate Ventures Services Private Limited, buy the company report.
Recent activity
Corroborate Ventures Services Private Limited has 9 board changes on record since 2000: 6 appointments and 3 cessations. The latest: Anuj Jain ceased to be Director on 30 Dec 2023.
1 earlier event is in the company report.
Frequently asked questions
Corroborate Ventures Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Corroborate Ventures Services was a private limited company based in New Delhi, Delhi, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 15 March 1994 and is registered under CIN U51109DL1994PTC301249. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Corroborate Ventures Services was incorporated on 15 March 1994. It is registered with the Registrar of Companies, Delhi.
Corroborate Ventures Services had 3 directors:
- Anoop Jain - Director
- Rishabh Jain - Director
- Vimal Chand Jain - Director
The CIN (Corporate Identification Number) of Corroborate Ventures Services is U51109DL1994PTC301249. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Corroborate Ventures Services is at 11 Babar Lane Bengali Market, New Delhi, Delhi, India – 110001.
The latest financial statements of Corroborate Ventures Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Corroborate Ventures Services has 1 GST registration on record and it is cancelled or inactive.
Corroborate Ventures Services operated in the financial services industry, in the brokerage and trading services segment.
Corroborate Ventures Services has 3 deals on record (3 funding rounds), with disclosed funding of ₹8.53 Cr; the latest was in October 2019.
The peers of Corroborate Ventures Services by revenue are Pazago Technologies Private Limited, Gandhi Securities and Investment Private Limited, Kunvarji Finance Private Limited, LKP Securities Limited, Motisons Shares Limited, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
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