MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0253713
Darshan Financial Services Private Limited
Darshan Financial Services Private Limited - financial services in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹33.84 Cr
▲ 133% YoY
Net profit · FY 2024
₹15.56 Cr
Net margin 46%
EBITDA · FY 2024
₹23.94 Cr
EBITDA margin 70.7%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹42 Lakh
Secured borrowings
Company age
31 yrs
Est. 1995
Directors on board
3
As per MCA filings
About Darshan Financial Services Private Limited
Data last updated:
Darshan Financial Services Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 01 February 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65910GJ1995PTC024457. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Hiral Manishkumar Shah and Manishkumar Jashwantlal Shah.
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 2/16 Shayamal Row Houseambawadi 95, Ahmedabad, Gujarat, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.84 Cr, a growth of 133% compared to the previous year. For the same year it recorded a net profit of ₹15.56 Cr (net margin 46%) and EBITDA of ₹23.94 Cr (EBITDA margin 70.7%). Revenue has grown at a compounded annual rate (CAGR) of 78% over three years and 131% over five years.
As per MCA filings, the company has open charges of ₹42 Lakh on record.
Darshan Financial Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0253713). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U65910GJ1995PTC024457
Registration Number 024457
Incorporation Date 01 February 1995
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0253713
Key People
Hiral Manishkumar Shah Director Manishkumar Jashwantlal Shah Director Bhadreshkumar Jashwantlal Shah Director Recognitions & Rankings of Darshan Financial Services
Contact details
Darshan Financial Services Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2/16 Shayamal Row Houseambawadi 95, Ahmedabad, Gujarat, India
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Darshan Financial Services Private Limited, buy the company report.
Comprehensive company report
Darshan Financial Services Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Darshan Financial 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 Darshan Financial Services Private Limited, buy the company report.
Financials of Darshan Financial Services Private Limited
FY 2025 filings availableDarshan Financial Services Private Limited reported revenue of ₹33.84 Cr (up 133% YoY) for FY 2024.
Revenue · FY 2024
₹33.84 Cr ▲ 133%
Net profit · FY 2024
₹15.56 Cr margin 46%
EBITDA · FY 2024
₹23.94 Cr margin 70.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 133%
3 years · compounded
▲ 78%
5 years · compounded
▲ 131%
EBITDA CAGR growth
1 year
▲ 66%
3 years · compounded
▲ 67%
5 years · compounded
▲ 144%
Revenue has grown at a compounded annual rate (CAGR) of 131% over five years, including 133% growth in the latest year. EBITDA rose 66% 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 |
|---|---|---|---|---|---|
| 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 | ₹23.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.56 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 70.7% | ||||
| Net Profit Margin | 46% | ||||
| 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 Darshan Financial Services Private Limited, buy the company report.
Board of directors of Darshan Financial Services Private Limited
Darshan Financial Services has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiral Manishkumar Shah Also directs: Cee Note Credit Caplease Limited | Director | 09 Sep 2004 | 22 Years 1 Months | Current |
| Manishkumar Jashwantlal Shah Also directs: Rare Granito Private Limited, Cee Note Credit Caplease Limited, Tejash Finstock Private Limited and 3 more | Director | 09 Sep 2004 | 22 Years 1 Months | Current |
| Bhadreshkumar Jashwantlal Shah Also directs: Cee Note Credit Caplease Limited, Tejash Finstock Private Limited, Raviraj Developers Limited and 3 more | Director | 29 Apr 2012 | 14 Years 6 Months | Current |
Peer comparison
Darshan Financial 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 |
|---|---|---|---|---|---|---|
| Velocity Stock Mart Private Limited | ₹34.01 Cr (FY 2024) | 3390.0% | Chittorgarh, Rajasthan, India | |||
| VRS Securities Limited | ₹33.96 Cr (FY 2025) | -6.0% | Punjab, India | |||
| Darshan Financial Services Private Limitedthis company | ₹33.84 Cr (FY 2024) | ₹15.56 Cr | 46% | 133.0% | Ahmedabad, Gujarat, India | |
| Wallfort Financial Services Limited | ₹33.62 Cr (FY 2025) | -34.0% | Mumbai, Maharashtra, India | |||
| SSJ Finance and Securities Private Limited | ₹33.56 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| Adinath Progressive Limited | ₹33.48 Cr (FY 2024) | 127.0% | New Delhi, Delhi, India |
To see the full peer comparison of Darshan Financial Services Private Limited, buy the company report.
Auditor
Darshan Financial Services Private Limited is audited by Maulik shah & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Maulik shah & Co | FY 2022 | 129132W |
Shareholding
The shareholding of Darshan Financial 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 Darshan Financial Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹42 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jan 2023 | 100685641 | Hdfc Bank Limited | ₹42 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Darshan Financial 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 Darshan Financial Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Darshan Financial Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Darshan Financial Services Private Limited, buy the company report.
Recent activity
Darshan Financial Services Private Limited has 3 board changes on record since 2004: 3 appointments. The latest: Bhadreshkumar Jashwantlal Shah was appointed as Director on 29 Apr 2012.
AGM
Darshan Financial Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Darshan Financial Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 42.00 Lakh with Charge ID 100685641 was registered on 27 Jan 2023.
Appointed
Bhadreshkumar Jashwantlal Shah was appointed as Director.
Appointed
Hiral Manishkumar Shah was appointed as Director.
Appointed
Manishkumar Jashwantlal Shah was appointed as Director.
Incorporation
01 Feb 1995
Darshan Financial Services Private Limited was registered on 01 Feb 1995 with Roc Ahmedabad & aged 31 years 8 months as per MCA records.
Frequently asked questions
Darshan Financial Services is an active private limited company based in Ahmedabad, Gujarat, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 01 February 1995 (31+ years old) and is registered under CIN U65910GJ1995PTC024457.
Darshan Financial Services has 3 current directors:
- Hiral Manishkumar Shah - Director
- Manishkumar Jashwantlal Shah - Director
- Bhadreshkumar Jashwantlal Shah - Director
The latest financial statements of Darshan Financial Services 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.
No. Darshan Financial Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Darshan Financial Services is U65910GJ1995PTC024457. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Darshan Financial Services was incorporated on 01 February 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Darshan Financial Services by revenue are Velocity Stock Mart Private Limited, VRS Securities Limited, Wallfort Financial Services Limited, SSJ Finance and Securities Private Limited, Adinath Progressive Limited, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Bhadreshkumar Jashwantlal Shah was appointed as Director on 29 Apr 2012. Hiral Manishkumar Shah was appointed as Director on 09 Sep 2004. Manishkumar Jashwantlal Shah was appointed as Director on 09 Sep 2004.
Yes, Darshan Financial Services is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0253713).
The registered office of Darshan Financial Services is at 216 Shayamal Row Houseambawadi 95, Ahmedabad, Gujarat, India.
Darshan Financial Services operates in the financial services industry, in the brokerage and trading services segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages