Equator Financial Services Limited
About Equator Financial Services Limited
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Equator Financial Services Limited is a public 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 10 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2014PLC251947. Its GSTIN is 27AADCE6033F1ZW (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Vinay Pokharna and Gaurishankar Jhalani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 407 Business Park S.V.Road Malad (West), Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.38 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.98 Cr (net margin 31%) and EBITDA of ₹2.68 Cr (EBITDA margin 42.1%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 17% over five years.
As per MCA filings, the company has open charges of ₹15.15 Cr on record. Court records list 7 cases involving the company, including 7 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address407 Business Park S.V.Road Malad (West), Mumbai, Maharashtra, India – 400064
- IndustryFinancial Services, Brokerage & Trading Services
- 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
- One PDF report, delivered after checkout
Business Activity of Equator Financial Services Limited
The main business activity of Equator Financial Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Equator Financial Services Limited FY 2024 filings available
Equator Financial Services Limited reported revenue of ₹6.38 Cr (up 253% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Equator Financial Services Limited
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 253% growth in the latest year. EBITDA rose 358% 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 of Equator Financial Services Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹2.68 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.98 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 of Equator Financial Services Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 42.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 31% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Equator Financial Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Equator Financial Services Limited
Equator Financial Services has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinay Pokharna Also directs: Equator Land Holdings Private Limited, Equator Supply Chain Management Private Limited, Aurinko Managers Private Limited and 1 more | Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Gaurishankar Jhalani | Director | 10 Jan 2014 | 12 Years 9 Months | Current |
| Avesh Dhelawat Also directs: Equator Warehousing LLP, Infra Industries Limited, Equator Land Holdings Private Limited and 5 more | Director | 10 Jan 2014 | 12 Years 9 Months | Current |
Peer Comparison of Equator Financial Services Limited
Equator Financial Services Limited is compared with the companies closest to it by revenue in the Consumer Services industry (Professional Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Green Linen Private Limited | ₹6.41 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Delhi, India |
| Indo-Korea Science and Technology Center | ₹6.41 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Bangalore, Karnataka, India |
| Clima Control Reefers Private Limited | ₹6.4 Cr (FY 2022) | •••• | •••• | 32.0% | •••• | Chennai, Tamil Nadu, India |
| Inter Ext Private Limited | ₹6.4 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Kolani Po, Kerala, India |
| Universal Trustees Private Limited | ₹6.38 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| Equator Financial Services Limited this company | ₹6.38 Cr (FY 2024) | •••• | •••• | 253.0% | •••• | Mumbai, Maharashtra, India |
| Beeline Consultancy Services Private Limited | ₹6.38 Cr (FY 2025) | •••• | •••• | •••• | Ahmedabad, Gujarat, India | |
| Telos Risk Management and Insurance Broking Services Private Limited | ₹6.37 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Mumbai, Maharashtra, India |
| Arihant Furnitech Private Limited | ₹6.37 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Jaipur, Rajasthan, India |
| Samraksha Habitat Private Limited | ₹6.36 Cr (FY 2025) | •••• | •••• | •••• | Kolenchery, Kerala, India | |
| Angel Portal Private Limited | ₹6.36 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Equator Financial Services by revenue in the Consumer Services industry (Professional Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Equator Financial Services Limited
Equator Financial Services Limited is audited by MOHAN TANDON & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MOHAN TANDON & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Equator Financial Services Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Equator Financial Services Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Jan 2026 | Others | ₹10 Cr | Open |
| 31 Dec 2021 | Others | ₹5.15 Cr | Open |
Total charge records: 2 View all charges
Legal Cases of Equator Financial Services Limited
Equator Financial Services Limited has 7 court cases on record: 7 filed by Equator Financial Services. All cases are disposed. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 7 | 0 | 0 |
Cases on record (2 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, New Delhi | Interim or miscellaneous application | Filed by the company against BSE Limited | Disposed |
| NCLAT, New Delhi | Insolvency matter | Filed by the company against BSE Limited | Disposed |
Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Equator Financial Services Limited
Employment history and EPFO contributions of people linked to Equator Financial Services.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Equator Financial Services Limited
Equator Financial Services Limited has 6 board changes on record since 2014: 3 appointments and 3 cessations. The latest: Vinay Pokharna ceased to be Additional Director on 01 Dec 2021.
Credit Ratings, Litigation & Regulatory Alerts for Equator Financial Services Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Equator Financial Services Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Equator Financial Services Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Equator Financial Services Limited
Equator Financial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCE6033F1ZW | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Equator Financial Services Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Equator Financial Services Limited
Equator Financial Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 10 January 2014 (12+ years old) and is registered under CIN U67190MH2014PLC251947.
Equator Financial Services reported revenue of ₹6.38 Cr for FY 2024 (up 253% YoY).
Equator Financial Services has 3 current directors:
- Vinay Pokharna - Director
- Gaurishankar Jhalani - Director
- Avesh Dhelawat - Director
Equator Financial Services reported a net profit of ₹1.98 Cr (net margin 31%) and EBITDA of ₹2.68 Cr (EBITDA margin 42.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Equator Financial Services is -27% over three years and 17% over five years. In the latest year (FY 2024) revenue rose 253%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Equator Financial Services is 27AADCE6033F1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Equator Financial Services is U67190MH2014PLC251947. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Equator Financial Services has 7 court cases on record: 7 filed by the company.
Equator Financial Services was incorporated on 10 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Equator Financial Services by revenue are Green Linen Private Limited, Indo-Korea Science and Technology Center, Clima Control Reefers Private Limited, Inter Ext Private Limited, Universal Trustees Private Limited and 5 more, all in the Consumer Services industry (Professional Services).
Vinay Pokharna ceased to be Additional Director on 01 Dec 2021. Manish Badamilal Jain ceased to be Director on 01 Apr 2021. Vinay Pokharna was appointed as Director on 01 Apr 2021. Equator Financial Services has 6 board changes on record in total.