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.
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.
CIN History of Equirus Capital Limited
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 |
- EmailLocked
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- 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
- 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
Associated Brands with Equirus Capital Limited
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 of Equirus Capital Limited
The main business activity of Equirus Capital is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | 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 Equirus Capital Limited FY 2026 filings available
Equirus Capital Limited reported revenue of ₹180.76 Cr (up 8% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR) of Equirus Capital Limited
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 of Equirus Capital Limited
| 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) | •••• | •••• | •••• | •••• | •••• |
| 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 Equirus Capital Limited
| 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) | •••• | •••• | •••• | •••• | •••• |
| 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 Equirus Capital 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 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 2 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 |
Peer Comparison of Equirus Capital Limited
Equirus Capital Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial 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 |
|---|---|---|---|---|---|---|
| J K Investors(Bombay) Limited | ₹411.68 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Mumbai, Maharashtra, India |
| Azentio Software Private Limited | ₹405.95 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Thane, Maharashtra, India |
| Amns Global Treasury Centre Ifsc Private Limited | ₹395.23 Cr (FY 2025) | •••• | •••• | •••• | Gandhinagar, Gujarat, India | |
| Blue Daimond Properties Private Limited | ₹386.22 Cr (FY 2025) | •••• | •••• | 93.0% | •••• | Mumbai, Maharashtra, India |
| Global Mercantile Private Limited | ₹383.53 Cr (FY 2023) | •••• | •••• | 165.0% | •••• | Hare Street, West Bengal, India |
| Phonepe Lending Services Private Limited | ₹382.48 Cr (FY 2025) | •••• | •••• | 461.0% | •••• | Bangalore, Karnataka, India |
| TVS Investments Private Limited | ₹368.68 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Chennai, Tamil Nadu, India |
| State Bank Operations Support Services Private Limited | ₹363.55 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Mumbai, Maharashtra, India |
| Prabhudas Lilladher Advisory Services Limited | ₹359.64 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Bhagwati Vintrade Private Limited | ₹355.32 Cr (FY 2023) | •••• | •••• | 232.0% | •••• | Kolkata, West Bengal, India |
| Equirus Capital Limited this company | ₹180.76 Cr (FY 2026) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Equirus Capital by revenue in the BFSI industry (Other Financial 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 Equirus Capital Limited
Equirus Capital Limited is audited by N. A. Shah Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N. A. Shah Associates LLP | 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 Equirus Capital 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 Equirus Capital Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jul 2026 | Axis Bank Limited | ₹400 Cr | Open |
| 18 Mar 2026 | Others | ₹130 Cr | Open |
| 20 Nov 2025 | Others | ₹60 Cr | Open |
| 05 Sep 2025 | Others | ₹50 Cr | Open |
| 20 Mar 2025 | Hdfc Bank Limited | ₹25 Cr | Satisfied |
Total charge records: 10 View all charges
Employees and EPFO Compliance at Equirus Capital Limited
Equirus Capital Limited has a workforce of 49 employees as of Apr 04, 2024.
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.
Group Structure of Equirus Capital Limited
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 | Locked |
| Equirus Securities Private Limited | U65993MH2007PTC176044 | Locked |
| Equirus Insurance Broking Private Limited | U67100MH2008PTC185564 | Locked |
| Equirus Wealth Private Limited | U74995MH2018PTC308551 | Locked |
Showing major subsidiaries. Total: 4.
Recent Activity on Equirus Capital Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Equirus Capital 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 Equirus Capital 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 Equirus Capital 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 Equirus Capital Limited
Equirus Capital has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE8020A1Z9 | 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 Equirus Capital 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.
Related news about Equirus Capital Limited
Frequently Asked Questions about Equirus Capital Limited
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 reported revenue of ₹180.76 Cr for FY 2026 (up 8% YoY).
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
Equirus Capital reported a net profit of ₹81.91 Cr (net margin 45.3%) and EBITDA of ₹127.67 Cr (EBITDA margin 70.6%) for FY 2026, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Equirus Capital is 38% over three years and 45% over five years. In the latest year (FY 2026) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
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 was incorporated on 24 July 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Equirus Capital by revenue are J K Investors(Bombay) Limited, Azentio Software Private Limited, Amns Global Treasury Centre Ifsc Private Limited, Blue Daimond Properties Private Limited, Global Mercantile Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
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.