About Dharamshi Securities Private Limited
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Dharamshi Securities Private Limited is a private 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 07 April 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1995PTC087300. Its GSTIN is 27AAACD3927G1ZT (Maharashtra).
The company has an authorised share capital of ₹11.75 Cr and a paid-up capital of ₹4.51 Cr. It is led by directors including Harsha Hemang Dharamshi and Hina Kalpraj Dharamshi.
Its last annual general meeting (AGM) was held on 23 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Quest 1073 Rajabhau Desai Marg Behind Beau Monde Towers Prabhadevi, Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2025, the company reported a revenue of ₹670.76 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net loss of ₹3.43 Cr (net margin -0.5%) and EBITDA of -₹3.05 Cr (EBITDA margin -0.5%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 80% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Dharamshi Securities. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹25 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1.54 Cr; the latest was in March 2023. Its 3 peer companies in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 2 larger and 1 smaller; the largest is GKK Capital Markets Private Limited with revenue of ₹711.82 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dharamshi.net.
Company details
Contact details
Dharamshi Securities Private Limited's registered office is in Mumbai, Maharashtra. Its website is dharamshi.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressQuest 1073 Rajabhau Desai Marg Behind Beau Monde Towers Prabhadevi, Mumbai, Maharashtra, India – 400025
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Dharamshi 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
Brands
Dharamshi Securities operates one associated brand: Dharamshi Securities. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Securities trading, investor services, and compliance in Mumbai. | dharamshi.net |
Business activity
The main business activity of Dharamshi Securities is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| 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 | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Dharamshi Securities Private Limited, buy the company report.
Financials of Dharamshi Securities Private Limited
FY 2025 filings availableDharamshi Securities Private Limited reported revenue of ₹670.76 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 80% over five years, including 11% growth in the latest year. EBITDA fell 197% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹3.05 Cr | ||||
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| Net Profit (PAT) | -₹3.43 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -0.5% | ||||
| Net Profit Margin | -0.5% | ||||
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To see the full financial statements and ratios of Dharamshi Securities Private Limited, buy the company report.
Board of directors of Dharamshi Securities Private Limited
Dharamshi Securities has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harsha Hemang Dharamshi | Director | 22 Oct 2014 | 12 Years 0 Months | Current |
| Hina Kalpraj Dharamshi | Director | 22 Oct 2014 | 12 Years 0 Months | Current |
| Hemang Raichand Dharamshi | Director | 30 Jul 1997 | 29 Years 2 Months | Current |
| Kalpraj Damji Dharamshi Also directs: Quest Nextgen LLP, Quest Portfolio Services Private Limited, Minosha Print Solutions Private Limited and 2 more | Director | 07 Apr 1995 | 31 Years 6 Months | Current |
| Tilesh Shantilal Meisheri | Director | 16 Dec 2010 | 15 Years 10 Months | Current |
Peer comparison
Dharamshi Securities Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| GKK Capital Markets Private Limited | ₹711.82 Cr (FY 2025) | 83.0% | Kolkata, West Bengal, India | |||
| Turtlemint Insurance Broking Services Private Limited | ₹679.12 Cr (FY 2025) | 34.0% | Mumbai, Maharashtra, India | |||
| Dharamshi Securities Private Limitedthis company | ₹670.76 Cr (FY 2025) | -₹3.43 Cr | -0.5% | 11.0% | 23 | Mumbai, Maharashtra, India |
| Imc India Securities Private Limited | ₹607.18 Cr (FY 2023) | 1398.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Dharamshi Securities Private Limited, buy the company report.
Auditor
Dharamshi Securities Private Limited is audited by R. J. LUTHIA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. J. LUTHIA & ASSOCIATES | FY 2023 | 129557W |
Shareholding
The shareholding of Dharamshi Securities Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dharamshi Securities Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2017 | 100188478 | Hdfc Bank Limited | ₹10 Cr | Open | |
| 29 Jul 2021 | 100471857 | Others | ₹25 Cr | Satisfied |
To see the full charge records of Dharamshi Securities Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Dharamshi Securities Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1.54 Cr; the latest was in March 2023.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Feb 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2009 | Funding round | ₹1.54 Cr | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dharamshi Securities Private Limited has 3 court cases on record: 2 filed by Dharamshi Securities, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by The PR. Commissioner of Income Tax-(Central)-4 | Disposed |
| Bombay High Court | Appeal | Filed by the company | Disposed |
| Bombay High Court | Company petition | Filed by the company | Disposed |
To see the full case history of Dharamshi 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 Dharamshi Securities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dharamshi Securities Private Limited has a workforce of 23 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Dharamshi Securities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD3927G1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dharamshi Securities Private Limited, buy the company report.
Recent activity
Dharamshi Securities Private Limited has 8 board changes on record since 1995: 5 appointments and 3 cessations. The latest: Atul Ramniklal Thakker ceased to be Director on 30 Jan 2020.
2 earlier events are in the company report.
Frequently asked questions
Dharamshi Securities is an active private limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 07 April 1995 (31+ years old) and is registered under CIN U67120MH1995PTC087300.
Dharamshi Securities has 5 current directors:
- Harsha Hemang Dharamshi - Director
- Hina Kalpraj Dharamshi - Director
- Hemang Raichand Dharamshi - Director
- Kalpraj Damji Dharamshi - Director
- Tilesh Shantilal Meisheri - Director
The latest financial statements of Dharamshi Securities on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Dharamshi Securities is 27AAACD3927G1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Dharamshi Securities is U67120MH1995PTC087300. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dharamshi Securities has 3 court cases on record: 2 filed by the company and 1 filed against it.
Dharamshi Securities was incorporated on 07 April 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Dharamshi Securities has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1.54 Cr; the latest was in March 2023.
The peers of Dharamshi Securities by revenue are GKK Capital Markets Private Limited, Turtlemint Insurance Broking Services Private Limited, Imc India Securities Private Limited, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Atul Ramniklal Thakker ceased to be Director on 30 Jan 2020. Kamlesh Sheth ceased to be Company Secretary on 01 Sep 2019. Harsha Hemang Dharamshi was appointed as Director on 22 Oct 2014. Dharamshi Securities has 8 board changes on record in total.
Dharamshi Securities can be reached through the website dharamshi.net. Its registered office is in Mumbai, Maharashtra, India.