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.
Company details
Contact details
Equator Financial Services Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address407 Business Park S.V.Road Malad (West), Mumbai, Maharashtra, India – 400064
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Equator Financial Services 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
Business activity
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 | 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 Equator Financial Services Limited, buy the company report.
Financials of Equator Financial Services Limited
FY 2024 filings availableEquator Financial Services Limited reported revenue of ₹6.38 Cr (up 253% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.68 Cr | ||||
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| Net Profit (PAT) | ₹1.98 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 42.1% | ||||
| Net Profit Margin | 31% | ||||
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To see the full financial statements and ratios of Equator Financial Services Limited, buy the company report.
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 |
Auditor
Equator Financial Services Limited is audited by MOHAN TANDON & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MOHAN TANDON & CO | FY 2020 | 118613W |
Shareholding
The shareholding of Equator Financial Services Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Equator Financial Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jan 2026 | 101224169 | Others | ₹10 Cr | Open | |
| 31 Dec 2021 | 100524986 | Others | ₹5.15 Cr | Open |
Total charge records: 2 View all charges
Legal cases
Equator Financial Services Limited has 7 court cases on record: 7 filed by Equator Financial Services. All cases are disposed.
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, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against BSE Limited | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against BSE Limited | Disposed |
To see the full case history of Equator Financial Services 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 Equator Financial Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Equator Financial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCE6033F1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Equator Financial Services Limited, buy the company report.
Recent activity
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.
Frequently asked questions
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 has 3 current directors:
- Vinay Pokharna - Director
- Gaurishankar Jhalani - Director
- Avesh Dhelawat - Director
The latest financial statements of Equator Financial Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
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.
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.
The registered office of Equator Financial Services is at 407 Business Park S.V.Road Malad West, Mumbai, Maharashtra, India – 400064.
Equator Financial Services operates in the financial services industry, in the brokerage and trading services segment.