Dhanwan Securities Private Limited
About Dhanwan Securities Private Limited
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Dhanwan Securities Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 14 December 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74900WB1994PTC066571.
The company has an authorised share capital of ₹5.6 Cr and a paid-up capital of ₹5.45 Cr. It was formerly known as Vestal Merchants Private Limited and Vestal Merchants Pvt.Ltd. It is led by directors including Rajesh Polaki and Polaki Gopalkrishna.
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 9 Lal Bazar Street Block – A 3rd Floor, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.88 Lakh, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹5.44 Lakh (net margin 23.8%) and EBITDA of ₹7.56 Lakh (EBITDA margin 33%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 30% over five years.
As per MCA filings, the company has open charges of ₹45 Cr and satisfied charges of ₹49.94 Cr on record. 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 active non-compliant by the Registrar of Companies.
Company details
Name history
Dhanwan Securities has undergone 2 name changes throughout its history. The company was previously known as Vestal Merchants Private Limited, and Vestal Merchants Pvt.Ltd.. The current legal name is Dhanwan Securities Private Limited.
| Company Name | Status |
|---|---|
| Dhanwan Securities Private Limited | Current |
| Vestal Merchants Private Limited | Previous |
| Vestal Merchants Pvt.Ltd. | Previous |
CIN history
Dhanwan Securities has one previous CIN (Corporate Identification Number): U51909WB1994PTC066571. The current CIN is U74900WB1994PTC066571, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900WB1994PTC066571 | Current |
| U51909WB1994PTC066571 | Previous |
Contact details
Dhanwan Securities Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address9 Lal Bazar Street Block – A 3rd Floor, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Dhanwan Securities 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 Dhanwan Securities is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Dhanwan Securities Private Limited, buy the company report.
Financials of Dhanwan Securities Private Limited
FY 2025 filings availableDhanwan Securities Private Limited reported revenue of ₹22.88 Lakh (up 43% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 43% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 30%. EBITDA rose 240% 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 | ₹7.56 Lakh | ||||
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| Net Profit (PAT) | ₹5.44 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33% | ||||
| Net Profit Margin | 23.8% | ||||
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To see the full financial statements and ratios of Dhanwan Securities Private Limited, buy the company report.
Board of directors of Dhanwan Securities Private Limited
Dhanwan Securities has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Polaki Also directs: Shrianga Bio Essence Polymer Private Limited, Tirumula Industries Private Limited, Srijal Jewels Private Limited and 3 more | Director | 29 Dec 2016 | 9 Years 9 Months | Current |
| Polaki Anita Also directs: Tirumula Industries Private Limited, Gopalji Ketaki Khara Masala Private Limited, Srijal Jewels Private Limited and 1 more | Additional Director | 11 Sep 2012 | 14 Years 1 Months | Current |
| Polaki Gopalkrishna | Director | 17 Jul 2008 | 18 Years 3 Months | Current |
| Polaki Tirumula Also directs: Tirumula Industries Private Limited, Srijal Jewels Private Limited, Jagatprabhu Developers and Builders Private Limited and 2 more | Director | 29 Dec 2016 | 9 Years 9 Months | Current |
Auditor
Dhanwan Securities Private Limited is audited by SULTANIA RAJESH & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SULTANIA RAJESH & CO | FY 2021 | 324983E |
Shareholding
The shareholding of Dhanwan Securities Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dhanwan Securities Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2021 | 100491074 | Hdfc Bank Limited | ₹45 Cr | Open | |
| 29 Jun 2018 | 100215116 | Others | ₹49.94 Cr | Satisfied |
To see the full charge records of Dhanwan Securities Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Dhanwan Securities Private Limited has 4 court cases on record: 2 filed by Dhanwan Securities, 2 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 2 | 1 |
| District courts | 1 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khurda, Odisha | Court case (I . c. c) | Filed by the company against M/S Srabani Construction Pvt Ltd | Pending |
| High Court | Writ petition | Filed by the company against State of Orissa | Pending |
| Madras High Court | Writ petition | Filed against the company | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed against the company | Disposed |
To see the full case history of Dhanwan Securities 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 Dhanwan Securities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Dhanwan Securities Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Dhanwan Securities Private Limited has 8 board changes on record since 1994: 6 appointments and 2 cessations. The latest: Polaki Tirumula was appointed as Director on 29 Dec 2016.
4 earlier events are in the company report.
Frequently asked questions
Dhanwan Securities is an active private limited company based in Kolkata, West Bengal, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 14 December 1994 (32+ years old) and is registered under CIN U74900WB1994PTC066571.
Dhanwan Securities has 4 current directors:
- Rajesh Polaki - Director
- Polaki Anita - Additional Director
- Polaki Gopalkrishna - Director
- Polaki Tirumula - Director
The latest financial statements of Dhanwan Securities 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 CIN (Corporate Identification Number) of Dhanwan Securities is U74900WB1994PTC066571. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhanwan Securities has 4 court cases on record: 2 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Dhanwan Securities was incorporated on 14 December 1994, making it 32+ years old. It is registered with the Registrar of Companies, Kolkata.
Polaki Tirumula was appointed as Director on 29 Dec 2016. Rajesh Polaki was appointed as Director on 29 Dec 2016. Vinod Kumar Soni ceased to be Director on 30 May 2016. Dhanwan Securities has 8 board changes on record in total.
The registered office of Dhanwan Securities is at 9 Lal Bazar Street Block – A 3rd Floor, Kolkata, West Bengal, India – 700001.
Dhanwan Securities operates in the financial services industry, in the diversified financial services segment.
Dhanwan Securities has open charges of ₹45 Cr and satisfied charges of ₹49.94 Cr as per latest MCA filings.