Startup India Government of India
Eqaro Surety Private Limited - internet in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.13 Cr
▼ 3% YoY
Net loss · FY 2025
₹6.38 Cr
Net margin -299.7%
EBITDA · FY 2025
-₹5.58 Cr
EBITDA margin -262.2%
Authorised capital
₹18.5 Cr
Registered with MCA
Paid-up capital
₹9.44 Cr
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
35
Provident fund records
Directors on board
4
As per MCA filings
About Eqaro Surety Private Limited
Data last updated:
Eqaro Surety Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 08 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93090MH2019PTC332789. Its GSTIN is 27AAFCE7017H1ZO (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹18.5 Cr and a paid-up capital of ₹9.44 Cr. It is led by directors including Vikas Balia and Alok Perti.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 204 Hubtown Solaris Ns Phadke Marg, Andheri East Mumbai, Maharashtra, India – 400069.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.13 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹6.38 Cr (net margin -299.7%) and EBITDA of -₹5.58 Cr (EBITDA margin -262.2%). Revenue has grown at a compounded annual rate (CAGR) of 84% over three years.
The company has about 35 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Eqaro Guarantees. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹21.5 Cr; the latest was in July 2022. Its 3 peer companies in the Ecommerce and Internet industry (Finance), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 1 smaller; the largest is Relan Industrial Finance Limited with revenue of ₹2.15 Cr.
For more details, the company can be reached via its website eqaroguarantees.com.
Company details
CIN U93090MH2019PTC332789
Registration Number 332789
Incorporation Date 08 November 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Eqaro Surety
Contact details
Eqaro Surety Private Limited's registered office is in Mumbai, Maharashtra. Its website is eqaroguarantees.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address204 Hubtown Solaris Ns Phadke Marg, Andheri East Mumbai, Maharashtra, India – 400069
- IndustryInternet, Online Financial Services
To see the full contact details of Eqaro Surety Private Limited, buy the company report.
Comprehensive company report
Eqaro Surety 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
Eqaro Surety operates one associated brand: Eqaro Guarantees. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial advisory and guarantee services are provided for risk management. | eqaroguarantees.com |
Business activity
The main business activity of Eqaro Surety is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Eqaro Surety Private Limited, buy the company report.
Financials of Eqaro Surety Private Limited
FY 2025 filings availableEqaro Surety Private Limited reported revenue of ₹2.13 Cr (down 3% YoY) for FY 2025.
Revenue · FY 2025
₹2.13 Cr ▼ 3%
Net loss · FY 2025
₹6.38 Cr margin -299.7%
EBITDA · FY 2025
-₹5.58 Cr margin -262.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 84%
EBITDA CAGR growth
1 year
▲ 44%
3 years · compounded
▼ 55%
5 years · compounded
▼ 418%
Revenue fell 3% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 84%. EBITDA rose 44% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.58 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.38 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -262.2% | ||||
| Net Profit Margin | -299.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Eqaro Surety Private Limited, buy the company report.
Board of directors of Eqaro Surety Private Limited
Eqaro Surety has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Balia Also directs: Ultratech Cement Limited, The India Cements Limited, Hindalco Industries Limited and 5 more | Director | 12 Oct 2020 | 6 Years 0 Months | Current |
| Alok Perti | Director | 27 Nov 2020 | 5 Years 11 Months | Current |
| Pankaj Bhansali Also directs: Eqaro General Insurance Limited, Motilal Oswal Financial Services Limited, Anjali Lifestyle Private Limited and 1 more | Director | 08 Nov 2019 | 7 Years 0 Months | Current |
| Vikash Khandelwal Also directs: Eqaro General Insurance Limited, Connaught Capital Private Limited, Connaught Capital Support Services Private Limited and 1 more | Director | 03 Sep 2020 | 6 Years 2 Months | Current |
Peer comparison
Eqaro Surety Private Limited is compared with the 3 companies closest to it by revenue in the Ecommerce and Internet industry (Finance), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Relan Industrial Finance Limited | ₹2.15 Cr (FY 2025) | 107.0% | New Delhi, Delhi, India | |||
| Mynakam General Finance Private Limited | ₹2.14 Cr (FY 2025) | -3.0% | Thrissur, Kerala, India | |||
| Eqaro Surety Private Limitedthis company | ₹2.13 Cr (FY 2025) | -₹6.38 Cr | -299.7% | -3.0% | Mumbai, Maharashtra, India | |
| Goldenpi Securities Private Limited | ₹2.11 Cr (FY 2024) | 328146.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Eqaro Surety Private Limited, buy the company report.
Auditor
Eqaro Surety Private Limited is audited by DMKH & Co. Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DMKH & Co. Chartered Accountants | FY 2023 | 116886W |
Shareholding
The shareholding of Eqaro Surety Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Eqaro Surety Private Limited, buy the company report.
Deals & funding
Eqaro Surety Private Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹21.5 Cr; the latest was in July 2022.
Total deals
5
Funding rounds
2
Secondary share transfers
2
Convertible or debt financing
1
Disclosed funding
₹21.5 Cr
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Funding round | ₹4.65 Cr | Investors: Investcom LLP , an individual |
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Sep 2020 | Funding round | ₹13.44 Cr | Investors: Connaught Capital Private Limited , Amber Credit Company Ltd , 2 individuals |
| Sep 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Eqaro Surety 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
Eqaro Surety Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (AP-COM) | Filed against the company by Ugro Capital Limited | Pending |
To see the full case history of Eqaro Surety 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 Eqaro Surety Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Eqaro Surety has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCE7017H1ZO | Maharashtra | Active | 13 Sep 2020 |
| 09AAFCE7017H1ZM | Uttar Pradesh | Active | 28 Dec 2021 |
To see the full GST registrations and return filing status of Eqaro Surety Private Limited, buy the company report.
Recent activity
Eqaro Surety Private Limited has 8 board changes on record since 2019: 6 appointments and 2 cessations. The latest: Malay Mukherjee ceased to be Director on 18 Aug 2025.
AGM
Eqaro Surety Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Malay Mukherjee ceased to be Director.
Filing
Eqaro Surety Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Alok Perti was appointed as Director.
Appointed
Malay Mukherjee was appointed as Director.
Appointed
Vikas Balia was appointed as Director.
Ceased
Ajay Kumar Choudhary ceased to be Director.
Appointed
Vikash Khandelwal was appointed as Director.
Appointed
Ajay Kumar Choudhary was appointed as Director.
Appointed
Pankaj Bhansali was appointed as Director.
Incorporation
08 Nov 2019
Eqaro Surety Private Limited was registered on 08 Nov 2019 with Roc Mumbai & aged 7 years 3 days as per MCA records.
News
Frequently asked questions
Eqaro Surety is an active private limited company based in Mumbai, Maharashtra, India. The company works in online financial services, within the internet industry. It was incorporated on 08 November 2019 (7+ years old) and is registered under CIN U93090MH2019PTC332789.
Eqaro Surety has 4 current directors:
- Vikas Balia - Director
- Alok Perti - Director
- Pankaj Bhansali - Director
- Vikash Khandelwal - Director
The latest financial statements of Eqaro Surety on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Eqaro Surety is 27AAFCE7017H1ZO, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AAFCE7017H1ZM (Uttar Pradesh).
The CIN (Corporate Identification Number) of Eqaro Surety is U93090MH2019PTC332789. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Eqaro Surety has 1 court case on record: 1 filed against it. 1 is pending.
Eqaro Surety was incorporated on 08 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Eqaro Surety has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹21.5 Cr; the latest was in July 2022.
The peers of Eqaro Surety by revenue are Relan Industrial Finance Limited, Mynakam General Finance Private Limited, Goldenpi Securities Private Limited, all in the Ecommerce and Internet industry (Finance), with the same principal business activity (other financial activities).
Malay Mukherjee ceased to be Director on 18 Aug 2025. Alok Perti was appointed as Director on 27 Nov 2020. Malay Mukherjee was appointed as Director on 12 Oct 2020. Eqaro Surety has 8 board changes on record in total.
Yes, Eqaro Surety is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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