MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-05-0000826
Econo Broking Private Limited - financial services in Gandhinagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹89.38 Cr
▲ 131% YoY
Net profit · FY 2025
₹51.32 Cr
Net margin 57.4%
EBITDA · FY 2025
₹73.17 Cr
EBITDA margin 81.9%
Authorised capital
₹6.7 Cr
Registered with MCA
Paid-up capital
₹6.2 Cr
Issued & subscribed
Company age
17 yrs
Est. 2009
Employees · EPFO
5
Provident fund records
Directors on board
2
As per MCA filings
About Econo Broking Private Limited
Data last updated:
Econo Broking Private Limited is a private limited company based in Gandhinagar, Gujarat, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 16 October 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74110GJ2009PTC058389. Its GSTIN is 24AADCB8817A1Z3 (Gujarat). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹6.7 Cr and a paid-up capital of ₹6.2 Cr. It was formerly known as Joy Finserve Private Limited and Unitedwealth Advisors Private Limited. It is led by directors Darshan D Vasani and Himanshubhai Jagdishchandra Andhariya.
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 Gandhinagar, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹89.38 Cr, a growth of 131% compared to the previous year. For the same year it recorded a net profit of ₹51.32 Cr (net margin 57.4%) and EBITDA of ₹73.17 Cr (EBITDA margin 81.9%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years and 52% over five years.
The company has about 5 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Econo Broking. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending.
Econo Broking Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-05-0000826). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website econobroking.com.
Company details
CIN U74110GJ2009PTC058389
Registration Number 058389
Incorporation Date 16 October 2009
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-05-0000826
Name history
Econo Broking has undergone 14 name changes throughout its history. The current legal name is Econo Broking Private Limited.
| Company Name | Status |
|---|---|
| Econo Broking Private Limited | Current |
| Joy Finserve Private Limited | Previous |
| Unitedwealth Advisors Private Limited | Previous |
| Econo Wealth Private Limited | Previous |
| United Wealth Advisors Private Limited | Previous |
| Safebulls Finserve Private Limited | Previous |
| Econo Finserve Private Limited | Previous |
| Safebulls Finstock Private Limited | Previous |
| Finjoy Wealth Private Limited | Previous |
| Safebulls Financial Services Private Limited | Previous |
| Bansal Comtrade Private Limited | Previous |
| Joy Wealth Finserve Private Limited | Previous |
| Finjoy Finserve Private Limited | Previous |
| United Finserve Private Limited | Previous |
CIN history
Econo Broking has one previous CIN (Corporate Identification Number): U67120GJ2009PTC058389. The current CIN is U74110GJ2009PTC058389, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110GJ2009PTC058389 | Current |
| U67120GJ2009PTC058389 | Previous |
Recognitions & Rankings of Econo Broking
Contact details
Econo Broking Private Limited's registered office is in Gandhinagar, Gujarat. Its website is econobroking.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressUnitno.201To202A 2nd Floor Dalal Street Commercial Co.Op.Society Limited Block No.53 Build, Ingno.53, Gandhinagar, Gujarat, India – 382355
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Econo Broking Private Limited, buy the company report.
Comprehensive company report
Econo Broking 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
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Brands
Econo Broking operates one associated brand: Econo Broking. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates an online platform for trading stocks, mutual funds, and IPOs. | econobroking.com |
Business activity
The main business activity of Econo Broking 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 Econo Broking Private Limited, buy the company report.
Financials of Econo Broking Private Limited
FY 2025 filings availableEcono Broking Private Limited reported revenue of ₹89.38 Cr (up 131% YoY) for FY 2025.
Revenue · FY 2025
₹89.38 Cr ▲ 131%
Net profit · FY 2025
₹51.32 Cr margin 57.4%
EBITDA · FY 2025
₹73.17 Cr margin 81.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 131%
3 years · compounded
▲ 55%
5 years · compounded
▲ 52%
EBITDA CAGR growth
1 year
▲ 276%
3 years · compounded
▲ 95%
5 years · compounded
▲ 119%
Revenue has grown at a compounded annual rate (CAGR) of 52% over five years, including 131% growth in the latest year. EBITDA rose 276% 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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| Total Expenses | |||||
| EBITDA | ₹73.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹51.32 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 81.9% | ||||
| Net Profit Margin | 57.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| 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 Econo Broking Private Limited, buy the company report.
Board of directors of Econo Broking Private Limited
Econo Broking has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Darshan D Vasani Also directs: Econo Trading & Investment Private Limited | Director | 09 Dec 2019 | 6 Years 10 Months | Current |
| Himanshubhai Jagdishchandra Andhariya Also directs: Econo Trading & Investment Private Limited | Director | 04 Mar 2022 | 4 Years 7 Months | Current |
Peer comparison
Econo Broking 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 |
|---|---|---|---|---|---|---|
| Badjate Stock.Broking Private Limited CN | ₹91.07 Cr (FY 2025) | 3.0% | Nagpur, Maharashtra, India | |||
| Centrum Broking Limited (CN) | ₹90.61 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Achintya Commodities Private Limited | ₹90.33 Cr (FY 2025) | -53.0% | Gandhinagar, Gujarat, India | |||
| Aum Capital Market Private Limited | ₹89.49 Cr (FY 2025) | 24.0% | Kolkata, West Bengal, India | |||
| Econo Broking Private Limitedthis company | ₹89.38 Cr (FY 2025) | ₹51.32 Cr | 57.4% | 131.0% | 5 | Gandhinagar, Gujarat, India |
| Silver Stream Equities Private Limited | ₹89.12 Cr (FY 2025) | 45.0% | Gandhinagar, Gujarat, India |
To see the full peer comparison of Econo Broking Private Limited, buy the company report.
Auditor
Econo Broking Private Limited is audited by Mithapara & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mithapara & Associates | FY 2023 | 128860W |
Shareholding
The shareholding of Econo Broking 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 Econo Broking Private Limited, buy the company report.
Legal cases
Econo Broking Private Limited has 4 court cases on record: 3 filed by Econo Broking, 1 filed against it. 1 case is pending and 3 are disposed.
Total cases
4
Filed by the company
3
Filed against the company
1
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bhavnagar, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Easy Trip Planner Ltd. | Disposed |
| District court, Bhavnagar, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Bhavnagar, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Econo Broking 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 Econo Broking Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Econo Broking has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Econo Trading & Investment Private Limited | U65999GJ2022PTC133782 |
To see the full group structure of Econo Broking Private Limited, buy the company report.
Employees & EPFO
Econo Broking Private Limited has a workforce of 5 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
5
Active EPFO establishments
1
Employee growth
-58.33%
GST
Econo Broking has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCB8817A1Z3 | Gujarat | Active | 01 Jul 2017 |
| 24AADCB8817A2Z2 | Gujarat | Active | 01 Apr 2019 |
| 27AADCB8817A1ZX | Maharashtra | Active | 10 Jun 2019 |
To see the full GST registrations and return filing status of Econo Broking Private Limited, buy the company report.
Recent activity
Econo Broking Private Limited has 9 board changes on record since 2014: 2 appointments and 7 cessations. The latest: Himanshubhai Jagdishchandra Andhariya ceased to be Additional Director on 30 Sep 2022.
AGM
Econo Broking Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Econo Broking Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Himanshubhai Jagdishchandra Andhariya ceased to be Additional Director.
Ceased
Shekh Hasina Kasambhai ceased to be Additional Director.
Ceased
Hetal Sanjay Kotak ceased to be Director.
Appointed
Himanshubhai Jagdishchandra Andhariya was appointed as Director.
Ceased
Sanjay Vishnudas Kotak ceased to be Director.
Appointed
Darshan D Vasani was appointed as Director.
Ceased
Shivnarayan Vijaykumar Bansal ceased to be Director.
Ceased
Vijaykumar Kakaram Bansal ceased to be Director.
Ceased
Sheetal Akshay Gupta ceased to be Director.
Incorporation
16 Oct 2009
Econo Broking Private Limited was registered on 16 Oct 2009 with Roc Ahmedabad & aged 17 years 18 days as per MCA records.
Frequently asked questions
Econo Broking is an active private limited company based in Gandhinagar, Gujarat, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 16 October 2009 (17+ years old) and is registered under CIN U74110GJ2009PTC058389.
Econo Broking has 2 current directors:
- Darshan D Vasani - Director
- Himanshubhai Jagdishchandra Andhariya - Director
The latest financial statements of Econo Broking 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 GSTIN of Econo Broking is 24AADCB8817A1Z3, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AADCB8817A2Z2 (Gujarat), 27AADCB8817A1ZX (Maharashtra).
The CIN (Corporate Identification Number) of Econo Broking is U74110GJ2009PTC058389. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Econo Broking has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending.
Econo Broking was incorporated on 16 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Econo Broking by revenue are Badjate Stock.Broking Private Limited CN, Centrum Broking Limited (CN), Achintya Commodities Private Limited, Aum Capital Market Private Limited, Silver Stream Equities Private Limited, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Himanshubhai Jagdishchandra Andhariya ceased to be Additional Director on 30 Sep 2022. Shekh Hasina Kasambhai ceased to be Additional Director on 30 Sep 2022. Hetal Sanjay Kotak ceased to be Director on 04 Mar 2022. Econo Broking has 9 board changes on record in total.
Yes, Econo Broking is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-05-0000826).
Econo Broking can be reached through the website econobroking.com. Its registered office is in Gandhinagar, Gujarat, India.
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