About Dhani Services Limited
Data last updated: 15 December 2025
Dhani Services Limited was a public limited company based in Industrial Complex Dundahera, Haryana, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It specialised in online financial services, a part of the broader internet and digital services sector. Incorporated on 09 June 1995.
Registered with ROC Delhi under CIN L74110HR1995PLC121209. Listed on BSE: 532960 and NSE: DHANI.
Capital: an authorised share capital of ₹200 Cr and a paid-up capital of ₹130.9 Cr. Formerly known as Dhani Services Limited and Indiabulls Securities Limited. It was led by directors including Aishwarya Katoch and Amit Ajit Gandhi.
Last AGM: 25 September 2024. Financial statements filed for year ended 31 March 2024. Office: It Park, Industrial Complex Dundahera, Haryana.
As per NSE-filed consolidated financials for FY 2024, the company reported a revenue of ₹422.85 Cr, a decline of 30.51% compared to the previous year. The net worth stands at ₹3,460.55 Cr (down 10.57% YoY). Total assets are valued at ₹4,523.12 Cr (down 14.95% YoY).
The company had a reported workforce of approximately 3 employees prior to being dissolved.
The company was associated with 3 brands - Indiabulls Dhani, Dhani Stocks, Dhani. As per MCA filings, the company had open charges of ₹22 Cr and satisfied charges of ₹315.1 Cr on record.
The company has been merged (amalgamated) with another entity and no longer exists separately. Business activities, if any, continue under the successor entity. The last known website on record is dhani.com.
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Registered Address5Th Floor Plot No. 108, It Park Udyog Vihar Phase 1, Industrial Complex Dundahera, Haryana, India – 122016
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IndustryInternet, Online Financial Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Dhani Services Limited
Dhani Services Limited has undergone 4 name changes throughout its history. The current legal name is Dhani Services Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Dhani Services Limited | Current |
| Indiabulls Securities Limited | Previous |
| Dhani Limited | Previous |
| Indiabulls Ventures Limited | Previous |
CIN History of Dhani Services Limited
Dhani Services Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74110HR1995PLC121209, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74110HR1995PLC121209 | Current |
| L74110DL1995PLC069631 | Previous |
| L74999DL1995PLC069631 | Previous |
Associated Brands with Dhani Services Limited
Dhani Services Limited operates multiple associated brands including Indiabulls Dhani, Dhani Stocks, and Dhani. These brands represent Dhani Services Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Offers personal loan services to individuals. | indiabullsdhani.com | |
| Online brokerage for stock trading, portfolio management, and IPO applications in India. | dhanistocks.com | |
| App-based platform for financial products | dhani.com |
Competitors & Alternatives of Dhani Services Limited
Brands and companies operating in the same space as Dhani Services Limited include Angel One, Stashfin, Upstox and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Angel One
|
App-based brokerage stock trading platform | Mumbai, India, India | 1996 |
Stashfin
|
Digital lending and instant credit lines are provided to individuals. | Gurugram, India, India | 2016 |
Upstox
|
Tech-driven trading platform is offered for low-cost brokerage services. | Mumbai, India, India | 2009 |
Groww
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An online platform for investments and trading services is offered. | Bengaluru, India, India | 2016 |
Money View
|
Loans, credit cards, gold investments, insurance, and UPI are provided. | Bengaluru, India, India | 2014 |
Samco
|
Online trading platforms and investment tools are provided by Samco. | Mumbai, India, India | 2015 |
Fisdom
|
Online investment and wealth management services are provided digitally. | Bengaluru, India, India | 2015 |
Kissht
|
Personal, business, and property loans are provided by Kissht. | Mumbai, India, India | 2015 |
Tiger Brokers
|
Online trading of stocks, securities, and options is enabled. | Beijing, China, China | 2014 |
Interactive Brokers
|
Provider of online brokerage services and trading platforms | Greenwich, United States, United States | 1977 |
Board of Directors and KMP of Dhani Services Limited
Dhani Services Limited currently reports 6 directors and 1 key managerial person. 30 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ram Mehar | Company Secretary | 30 Dec 2022 | 3 Years 7 Months | As last reported |
| Aishwarya Katoch | Director | 01 Jan 2023 | 3 Years 7 Months | As last reported |
|
Amit Ajit Gandhi
Also directs:
Indiabulls Asset Reconstruction Company Limited, Dhani Loans And Services Limited, Indiabulls Nests Limited and 1 more
|
Director | 01 Jan 2023 | 3 Years 7 Months | As last reported |
|
Divyesh Bharatkumar Shah
Also directs:
Indiabulls Limited, Indiabulls Securities Limited
|
Whole-Time Director | 09 Mar 2005 | 21 Years 5 Months | As last reported |
|
Swati Jain
Also directs:
Indiabulls Asset Reconstruction Company Limited
|
Director | 11 Nov 2022 | 3 Years 9 Months | As last reported |
|
Prem Prakash Mirdha
Also directs:
Indiabulls Securities Limited, Indiabulls Asset Reconstruction Company Limited, Indiabulls Condominiums Limited and 2 more
|
Director | 11 Aug 2023 | 3 Years 0 Months | As last reported |
Financials of Dhani Services Limited FY 2024 filings available
Dhani Services Limited reported revenue of ₹422.85 Cr (down 30.51% YoY) for FY 2024.
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹422.85 Cr | ₹608.53 Cr | ₹1,434.44 Cr | ₹1,311.02 Cr | ₹2,914.79 Cr |
| Interest Earned | ₹229.3 Cr | ₹235.84 Cr | ₹488.5 Cr | ₹1,012.05 Cr | - |
| Other Income | ₹56.49 Cr | ₹131.2 Cr | ₹30.98 Cr | ₹52.44 Cr | ₹4.07 Cr |
| Total Income | ₹479.34 Cr | ₹739.73 Cr | ₹1,465.42 Cr | ₹1,363.46 Cr | ₹2,918.85 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | -₹6.79 Cr | -₹4.07 Cr | ₹266.81 Cr | ₹1.14 Cr | ₹0 |
| Changes in Inventories | ₹34.88 Cr | ₹65.63 Cr | -₹104.6 Cr | -₹90.45 Lakh | ₹0 |
| Employee Benefit Expense | ₹212.18 Cr | ₹348.12 Cr | ₹663.62 Cr | ₹387.27 Cr | ₹508.43 Cr |
| Finance Costs | ₹93.18 Cr | ₹166.05 Cr | ₹275.02 Cr | ₹491.32 Cr | ₹799.7 Cr |
| Depreciation & Amortisation | ₹62.74 Cr | ₹90.84 Cr | ₹94.99 Cr | ₹83.95 Cr | ₹116.07 Cr |
| Other Expenses | ₹129.8 Cr | ₹310.93 Cr | ₹649.32 Cr | ₹272.43 Cr | ₹458.08 Cr |
| Total Expenses | ₹813.84 Cr | ₹1,247.32 Cr | ₹2,366.27 Cr | ₹1,572.17 Cr | ₹2,891.81 Cr |
| Profit Before Exceptional Items & Tax | -₹334.5 Cr | -₹507.59 Cr | -₹900.85 Cr | -₹208.71 Cr | ₹27.04 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹334.5 Cr | -₹507.59 Cr | -₹900.85 Cr | -₹208.71 Cr | ₹27.04 Cr |
| Total Tax Expense | ₹39.44 Cr | -₹26.28 Cr | -₹40.48 Cr | ₹21.06 Cr | -₹14.77 Cr |
| Net Profit | -₹373.94 Cr | -₹481.31 Cr | -₹860.37 Cr | -₹229.77 Cr | ₹41.81 Cr |
| attributable to Owners | -₹375.21 Cr | -₹479.58 Cr | - | -₹225.05 Cr | ₹4.33 Cr |
| attributable to NCI | ₹1.26 Cr | -₹1.73 Cr | - | -₹4.72 Cr | ₹37.48 Cr |
| Other Comprehensive Income | ₹6.36 Cr | ₹9.46 Cr | ₹5.13 Cr | ₹3.03 Cr | ₹5.66 Cr |
| Total Comprehensive Income | -₹367.58 Cr | -₹471.85 Cr | -₹855.24 Cr | -₹226.74 Cr | ₹47.47 Cr |
| EBITDA (computed) | -₹178.58 Cr | -₹250.69 Cr | -₹530.85 Cr | ₹366.56 Cr | ₹942.81 Cr |
| Basic EPS | ₹-6.49 | ₹-8.31 | ₹-15.30 | ₹-4.16 | ₹0.07 |
| Diluted EPS | ₹-6.49 | ₹-8.31 | ₹-15.30 | ₹-4.16 | ₹0.07 |
| Metrics | FY 2024 | FY 2023 |
|---|---|---|
| Total Assets | ₹4,523.12 Cr | ₹5,318.26 Cr |
| Property, Plant & Equipment | ₹62.73 Cr | ₹82.8 Cr |
| Inventories | ₹267.96 Cr | ₹262.69 Cr |
| Cash & Equivalents | ₹199.36 Cr | ₹256.92 Cr |
| Equity (Net Worth) | ₹3,460.55 Cr | ₹3,869.47 Cr |
| Equity Share Capital | ₹121.64 Cr | ₹121.64 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | -₹231.11 Cr | ₹847.56 Cr | -₹702.26 Cr |
| Investing Cash Flow | ₹488.75 Cr | ₹76.14 Cr | ₹774.2 Cr |
| Financing Cash Flow | -₹317.72 Cr | -₹1,168.31 Cr | -₹801.35 Cr |
| Capital Expenditure | ₹0 | ₹49.27 Cr | ₹145.2 Cr |
| Free Cash Flow (computed) | -₹231.11 Cr | ₹798.29 Cr | -₹847.47 Cr |
| Dividends Paid | ₹0 | ₹46.68 Lakh | ₹81.64 Lakh |
| Net Change in Cash | -₹57.57 Cr | -₹244.61 Cr | -₹729.42 Cr |
| Segment · FY 2024 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Asset reconstruction and related activities | ₹78.97 Cr | -₹75.82 Cr | - | - |
| Broking and related activities | ₹114.38 Cr | -₹26.05 Cr | - | - |
| E-Commerce and related activities | ₹7.2 Cr | -₹137.52 Cr | - | - |
| Financing, Digital wallet services and related activities | ₹274.9 Cr | -₹19.66 Cr | - | - |
| Others | ₹5.81 Cr | ₹0 | - | - |
| Real Estate development and related activities | ₹93.11 Lakh | -₹4.76 Cr | - | - |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹92.74 Cr | ₹106.63 Cr | ₹44.54 Cr | ₹30.35 Cr | ₹305.77 Cr |
| Interest Earned | ₹91.8 Cr | ₹106.23 Cr | ₹43.61 Cr | ₹24.37 Cr | - |
| Other Income | ₹2.68 Cr | ₹2.66 Cr | ₹2.32 Cr | ₹5.04 Cr | ₹4.26 Cr |
| Total Income | ₹95.42 Cr | ₹109.29 Cr | ₹46.86 Cr | ₹35.39 Cr | ₹310.02 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹6.01 Cr | -₹4.53 Cr | ₹2.71 Cr | ₹14.19 Lakh | ₹9.99 Cr |
| Finance Costs | ₹51.77 Cr | ₹54.41 Cr | ₹45.17 Cr | ₹34.71 Cr | ₹38.1 Cr |
| Depreciation & Amortisation | ₹21.51 Lakh | ₹22.43 Lakh | ₹21.88 Lakh | ₹19.38 Lakh | ₹16.5 Lakh |
| Other Expenses | ₹3.55 Cr | ₹4.14 Cr | ₹8.42 Cr | ₹5.78 Cr | ₹4.57 Cr |
| Total Expenses | ₹68.17 Cr | ₹54.48 Cr | ₹64.58 Cr | ₹43.23 Cr | ₹53 Cr |
| Profit Before Exceptional Items & Tax | ₹27.25 Cr | ₹54.82 Cr | -₹17.72 Cr | -₹7.84 Cr | ₹257.02 Cr |
| Exceptional Items | -₹22.67 Cr | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹4.58 Cr | ₹54.82 Cr | -₹17.72 Cr | -₹7.84 Cr | ₹257.02 Cr |
| Total Tax Expense | ₹18.96 Cr | ₹29.68 Cr | ₹6.99 Cr | ₹8.91 Cr | ₹10.14 Cr |
| Net Profit | -₹14.38 Cr | ₹25.14 Cr | -₹24.71 Cr | -₹16.75 Cr | ₹246.05 Cr |
| Other Comprehensive Income | ₹7.89 Lakh | ₹35.29 Lakh | ₹11.31 Cr | ₹1.52 Cr | -₹1.52 Cr |
| Total Comprehensive Income | -₹14.3 Cr | ₹25.49 Cr | -₹13.4 Cr | -₹15.23 Cr | ₹244.53 Cr |
| EBITDA (computed) | ₹79.24 Cr | ₹109.45 Cr | ₹27.66 Cr | ₹27.07 Cr | ₹295.29 Cr |
| Basic EPS | ₹-0.25 | ₹0.44 | ₹-0.44 | ₹-0.31 | ₹4.19 |
| Diluted EPS | ₹-0.25 | ₹0.43 | ₹-0.44 | ₹-0.31 | ₹4.12 |
| Metrics | FY 2024 | FY 2023 |
|---|---|---|
| Total Assets | ₹6,253.93 Cr | ₹6,355.11 Cr |
| Property, Plant & Equipment | ₹29.75 Lakh | ₹48.17 Lakh |
| Inventories | ₹0 | ₹0 |
| Cash & Equivalents | ₹2.06 Cr | ₹20 Cr |
| Equity (Net Worth) | ₹5,755.22 Cr | ₹5,768.8 Cr |
| Equity Share Capital | ₹121.64 Cr | ₹121.64 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | ₹22.81 Cr | ₹60.33 Cr | ₹33.7 Cr |
| Investing Cash Flow | ₹41.85 Cr | -₹122.13 Cr | -₹892.18 Cr |
| Financing Cash Flow | -₹82.6 Cr | ₹41.5 Cr | ₹837.89 Cr |
| Capital Expenditure | ₹0 | ₹0 | ₹10.26 Lakh |
| Free Cash Flow (computed) | ₹22.81 Cr | ₹60.33 Cr | ₹33.59 Cr |
| Dividends Paid | ₹9.95 Lakh | ₹5.95 Lakh | ₹81.64 Lakh |
| Net Change in Cash | ₹2.06 Cr | -₹20.31 Cr | -₹20.59 Cr |
Charges & Borrowings of Dhani Services Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Dec 2017 | Hdfc Bank Limited | ₹9.86 Lakh | Satisfied |
| 28 Sep 2017 | Lakshmi Vilas Bank Limited | ₹150 Cr | Satisfied |
| 31 Jul 2017 | Others | ₹10 Cr | Satisfied |
| 02 Mar 2013 | Hdfc Bank Limited | ₹25 Cr | Satisfied |
| 28 Sep 2012 | Yes Bank Limited | ₹50 Cr | Satisfied |
Total charge records: 7 View all charges
Employees and EPFO Compliance at Dhani Services Limited
View historical data on people associated with Dhani Services Limited, including employment history and EPFO contributions.
Employee and EPFO history for Dhani Services Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Dhani Services Limited
GST registrations and filing compliance for Dhani Services Limited
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Credit Ratings, Litigation & Regulatory Alerts for Dhani Services Limited
Credit ratings, litigation, and regulatory alerts for Dhani Services Limited
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MSME Payment Delays by Dhani Services Limited
MSME payment history for Dhani Services Limited
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Subsidiaries & Group Companies of Dhani Services Limited
Corporate group structure for Dhani Services Limited
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MCA Filings & Documents of Dhani Services Limited
MCA filings and documents for Dhani Services Limited
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Recent Activity on Dhani Services Limited
Recent News on Dhani Services Limited
Frequently Asked Questions about Dhani Services Limited
Dhani Services Limited 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.
Dhani Services Limited is a amalgamated public limited company in the internet sector based in Industrial Complex Dundahera, Haryana, India. It was incorporated on 09 June 1995 and is registered under CIN L74110HR1995PLC121209. Listed on BSE: 532960 and NSE: DHANI. The company was amalgamated as per MCA records and no longer exists as a legal entity.
Dhani Services Limited was incorporated on 09 June 1995. Registered with ROC Delhi.
The current directors and KMP of Dhani Services Limited are:
- Ram Mehar - Company Secretary
- Aishwarya Katoch - Director
- Amit Ajit Gandhi - Director
- Divyesh Bharatkumar Shah - Whole-Time Director
- Swati Jain - Director
- Prem Prakash Mirdha - Director
- Gurbans Singh - Whole-Time Director
The CIN (Corporate Identification Number) of Dhani Services Limited is L74110HR1995PLC121209. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The primary industry of Dhani Services Limited is internet. The company specifically operates in online financial services.