About Equirus Capital Limited
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Equirus Capital Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 24 July 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65910MH2007PLC172599. Its GSTIN is 27AABCE8020A1Z9 (Maharashtra).
The company has an authorised share capital of ₹47.5 Cr and a paid-up capital of ₹38.61 Cr. It is led by directors including Ajay Rameshchandra Garg (Managing Director) and Sivaraman Narayanaswami.
Its last annual general meeting (AGM) was held on 17 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹180.76 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹81.91 Cr (net margin 45.3%) and EBITDA of ₹127.67 Cr (EBITDA margin 70.6%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 45% over five years.
The company has about 49 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: Equirus Capital. As per MCA filings, the company has open charges of ₹640 Cr and satisfied charges of ₹214.4 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website equirus.com.
Company details
CIN history
Equirus Capital has one previous CIN (Corporate Identification Number): U65910MH2007PTC172599. The current CIN is U65910MH2007PLC172599, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65910MH2007PLC172599 | Current |
| U65910MH2007PTC172599 | Previous |
Contact details
Equirus Capital Limited's registered office is in Mumbai, Maharashtra. Its website is equirus.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 2601B 26th Floor A – Wing, Marathon Futurex Mafatlal Mills Compound N.M. Joshi Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Equirus Capital 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
Equirus Capital operates one associated brand: Equirus Capital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Corporate financial advisory services are provided to middle-market companies. | equirus.com |
Business activity
The main business activity of Equirus Capital 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 Equirus Capital Limited, buy the company report.
Financials of Equirus Capital Limited
FY 2026 filings availableEquirus Capital Limited reported revenue of ₹180.76 Cr (up 8% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 45% over five years, including 8% growth in the latest year. EBITDA fell 9% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹180.76 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹127.67 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹81.91 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 70.6% | ||||
| Net Profit Margin | 45.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Equirus Capital Limited, buy the company report.
Board of directors of Equirus Capital Limited
Equirus Capital has 9 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sivaraman Narayanaswami Also directs: Sumitomo Chemical India Limited, Consolidated Construction Consortium Limited, Allcargo Logistics Limited and 5 more | Director | 14 Oct 2022 | 4 Years 0 Months | Current |
| Rajiv Ambrish Agarwal | Director | 10 Aug 2010 | 16 Years 2 Months | Current |
| Ajay Rameshchandra Garg Also directs: Sanron Management Services LLP | Managing Director | 24 Jul 2007 | 19 Years 3 Months | Current |
| Ramesh Narayanaswami Gouri Sankaran Also directs: Wonder Home Finance Limited | Director | 16 Dec 2025 | 0 Years 10 Months | Current |
| Alok Chandra Misra | Director | 30 Jan 2026 | 0 Years 8 Months | Current |
| Mitu Samarnath Jha Also directs: Peninsula Land Limited, Shree Digvijay Cement Co Limited, Times Internet Limited and 2 more | Director | 30 Jan 2026 | 0 Years 8 Months | Current |
Auditor
Equirus Capital Limited is audited by N. A. Shah Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. A. Shah Associates LLP | FY 2023 | 116560W / W100149 |
Shareholding
The shareholding of Equirus Capital 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 Equirus Capital Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jul 2026 | 101367161 | Axis Bank Limited | ₹400 Cr | Open | |
| 18 Mar 2026 | 101263010 | Others | ₹130 Cr | Open | |
| 20 Nov 2025 | 101202934 | Others | ₹60 Cr | Open | |
| 05 Sep 2025 | 101169986 | Others | ₹50 Cr | Open | |
| 20 Mar 2025 | 101070059 | Hdfc Bank Limited | ₹25 Cr | Satisfied |
To see the full charge records of Equirus Capital Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Equirus Capital Limited has 6 court cases on record: 2 filed by Equirus Capital, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 3 | 3 | 0 |
| High courts | 2 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Hyderabad | Insolvency matter | Filed by the company against Madhucon Infra Ltd | Disposed |
| Bombay High Court | Court case (CARAP) | Filed by the company against Dusters Total Solutions Services Pvt. Ltd. and 3 Others and 1 other | Disposed |
| Bombay High Court | Writ petition | Filed against the company by Seclink Technologies and Reality Pvt Ltd | Disposed |
| NCLAT, NCLAT Chennai | Insolvency matter | Filed against the company by an individual | Disposed |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Equirus Capital 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.
Credit ratings & regulatory alerts
Equirus Capital Limited was last rated by Care on 31 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 31 Dec 2020 |
To see the full credit ratings and regulatory alerts of Equirus Capital Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Equirus Capital Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Equirus Capital has 4 subsidiary 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 |
|---|---|---|
| Equirus Finance Private Limited | U65990MH2022PTC385025 | |
| Equirus Securities Private Limited | U65993MH2007PTC176044 | |
| Equirus Insurance Broking Private Limited | U67100MH2008PTC185564 | |
| Equirus Wealth Private Limited | U74995MH2018PTC308551 |
To see the full group structure of Equirus Capital Limited, buy the company report.
Employees & EPFO
Equirus Capital Limited has a workforce of 49 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Equirus Capital has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE8020A1Z9 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Equirus Capital Limited, buy the company report.
Recent activity
Equirus Capital Limited has 43 board changes on record since 2007: 26 appointments and 17 cessations. The latest: Chitra Shailesh Shringare was appointed as Additional Director on 11 Aug 2026.
52 earlier events are in the company report.
News
Frequently asked questions
Equirus Capital is an active public limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 24 July 2007 (19+ years old) and is registered under CIN U65910MH2007PLC172599.
Equirus Capital has 9 current directors:
- Ajay Rameshchandra Garg - Managing Director
- Sivaraman Narayanaswami - Director
- Rajiv Ambrish Agarwal - Director
- Ramesh Narayanaswami Gouri Sankaran - Director
- Alok Chandra Misra - Director
- Mitu Samarnath Jha - Director
- Alpesh Babubhai Shah - Director
- Mahesh Parasuraman - Nominee Director
- Chitra Shailesh Shringare - Additional Director
The latest financial statements of Equirus Capital on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 17 June 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Equirus Capital is 27AABCE8020A1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Equirus Capital is U65910MH2007PLC172599. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Equirus Capital has 6 court cases on record: 2 filed by the company and 4 filed against it. Most are in the nclat.
Equirus Capital was incorporated on 24 July 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Chitra Shailesh Shringare was appointed as Additional Director on 11 Aug 2026. Alok Chandra Misra was appointed as Director on 30 Jan 2026. Mitu Samarnath Jha was appointed as Director on 30 Jan 2026. Equirus Capital has 43 board changes on record in total.
Equirus Capital can be reached through the website equirus.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Equirus Capital is at Unit No. 2601B 26th Floor A – Wing, Marathon Futurex Mafatlal Mills Compound N.M. Joshi Marg Lower Parel, Mumbai, Maharashtra, India – 400013.