About Dovetail Capital Private Limited
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Dovetail Capital Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 21 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2016PTC286114. Its GSTIN is 27AAECI2622R1Z7 (Maharashtra).
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹2.56 Cr. It was formerly known as Icce Derivative Clearing Private Limited. It is led by directors including Vivek Singhania and Dev Sampat.
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 Unit No. – 10 Nand Ghanshyam Industrial Estate Mahakali Caves Road Andheri East, Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹648.9 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹19.36 Cr (net margin 3%) and EBITDA of ₹22.62 Cr (EBITDA margin 3.5%). Revenue has grown at a compounded annual rate (CAGR) of 391% over three years and 209% over five years.
The company has about 9 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Dovetail Capital. As per MCA filings, the company has open charges of ₹54 Lakh on record. The company has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹100.22 Cr; the latest was in July 2026. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dovetailindia.com.
Company details
CIN history
Dovetail Capital has one previous CIN (Corporate Identification Number): U67100MH2016PTC286114. The current CIN is U74110MH2016PTC286114, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH2016PTC286114 | Current |
| U67100MH2016PTC286114 | Previous |
Contact details
Dovetail Capital Private Limited's registered office is in Mumbai, Maharashtra. Its website is dovetailindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. – 10 Nand Ghanshyam Industrial Estate Mahakali Caves Road Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Dovetail Capital 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
Dovetail Capital operates one associated brand: Dovetail Capital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Investment management services are provided for institutional and high-net-worth clients. | dovetailindia.com |
Business activity
The main business activity of Dovetail Capital is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Dovetail Capital Private Limited, buy the company report.
Financials of Dovetail Capital Private Limited
FY 2025 filings availableDovetail Capital Private Limited reported revenue of ₹648.9 Cr (up 7315% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 209% over five years. EBITDA rose 100% 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 | ₹22.62 Cr | ||||
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| Net Profit (PAT) | ₹19.36 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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| EBITDA Margin | 3.5% | ||||
| Net Profit Margin | 3% | ||||
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To see the full financial statements and ratios of Dovetail Capital Private Limited, buy the company report.
Board of directors of Dovetail Capital Private Limited
Dovetail Capital has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Singhania Also directs: Dovetail Advisers LLP, Dovetail Capital Investment Management LLP, Dovetail Financial Service Private Limited and 5 more | Director | 04 Apr 2017 | 9 Years 6 Months | Current |
| Dev Sampat Also directs: Dovetail Advisers LLP, Dovetail Capital Investment Management LLP, Dovetail Financial Service Private Limited and 5 more | Director | 28 Jul 2017 | 9 Years 2 Months | Current |
| Mahesh Baburao Shekdar Also directs: Dovetail Advisers LLP, Dovetail Capital Investment Management LLP, Dovetail Financial Service Private Limited and 5 more | Director | 11 Dec 2018 | 7 Years 10 Months | Current |
Auditor
Dovetail Capital Private Limited is audited by K. K. Chanani & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. K. Chanani & Associates | FY 2022 | 0322232E |
Shareholding
The shareholding of Dovetail Capital 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 Dovetail Capital Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2021 | 100508638 | Yes Bank Limited | ₹27 Lakh | Open | |
| 24 Nov 2021 | 100508650 | Yes Bank Limited | ₹27 Lakh | Open |
Total charge records: 2 View all charges
Deals & funding
Dovetail Capital Private Limited has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹100.22 Cr; the latest was in July 2026.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Dovetail Capital Private Limited & Mahesh Baburao Shekdar Seller: an individual |
| Sep 2020 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Aug 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Mar 2017 | Funding round | ₹22.2 Lakh | Investors: First Grand Holding Limited |
To see the full deal history of Dovetail Capital Private Limited, buy the company report.
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 Dovetail Capital 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
Dovetail Capital Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| KK Chanani & Associates |
To see the full MSME payment records of Dovetail Capital Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Dovetail Capital has 2 subsidiary companies and 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Dovetail Financial Service Private Limited | U65999MH2019PTC320055 | |
| Ohm Dovetail Custodian Services Private Limited | U67100MH2018PTC315119 |
To see the full group structure of Dovetail Capital Private Limited, buy the company report.
GST
Dovetail Capital has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECI2622R1Z7 | Maharashtra | Active | 07 Sep 2017 |
To see the full GST registrations and return filing status of Dovetail Capital Private Limited, buy the company report.
Recent activity
Dovetail Capital Private Limited has 10 board changes on record since 2016: 4 appointments and 6 cessations. The latest: Rohit Agarwal was appointed as CEO on 22 Sep 2023.
3 earlier events are in the company report.
Frequently asked questions
Dovetail Capital is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 21 September 2016 (10+ years old) and is registered under CIN U74110MH2016PTC286114.
Dovetail Capital has 3 current directors:
- Vivek Singhania - Director
- Dev Sampat - Director
- Mahesh Baburao Shekdar - Director
The latest financial statements of Dovetail Capital 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 FY 2017 are in the company report.
The GSTIN of Dovetail Capital is 27AAECI2622R1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Dovetail Capital is U74110MH2016PTC286114. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dovetail Capital was incorporated on 21 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Dovetail Capital has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹100.22 Cr; the latest was in July 2026.
Rohit Agarwal was appointed as CEO on 22 Sep 2023. Mahesh Baburao Shekdar ceased to be Additional Director on 30 Sep 2019. Mahesh Baburao Shekdar was appointed as Director on 11 Dec 2018. Dovetail Capital has 10 board changes on record in total.
Dovetail Capital has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 27 Apr 2022.
Dovetail Capital can be reached through the website dovetailindia.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Dovetail Capital is at Unit No. – 10 Nand Ghanshyam Industrial Estate Mahakali Caves Road Andheri East, Mumbai, Maharashtra, India – 400093.