Equity Link Research (India) Limited
About Equity Link Research (India) Limited
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Equity Link Research (India) Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 19 June 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1995PLC089705. Its GSTIN is 27AAACE2399B1ZU (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Rajesh Chimanlal Batham and Brijmohan Pooranmal Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 21/168 Anand Nagar Om Chs Anand Nagar Lane Off Nehru Road Vakola Santacruz (East), Mumbai, Maharashtra, India – 400055.
As per the financials filed for FY 2025, the company reported a revenue of ₹25.23 Lakh, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹30,361 (net margin 1.2%) and EBITDA of ₹46,859 (EBITDA margin 1.9%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 5% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Equity Link Research (India) Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address21/168 Anand Nagar Om Chs Anand Nagar Lane Off Nehru Road Vakola Santacruz (East), Mumbai, Maharashtra, India – 400055
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Equity Link Research (India) 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 Equity Link Research (India) is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Equity Link Research (India) Limited, buy the company report.
Financials of Equity Link Research (India) Limited
FY 2025 filings availableEquity Link Research (India) Limited reported revenue of ₹25.23 Lakh (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 14% growth in the latest year. EBITDA fell 75% 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 |
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| EBITDA | ₹46,859 | ||||
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| Net Profit (PAT) | ₹30,361 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 1.9% | ||||
| Net Profit Margin | 1.2% | ||||
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To see the full financial statements and ratios of Equity Link Research (India) Limited, buy the company report.
Board of directors of Equity Link Research (India) Limited
Equity Link Research (India) has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Chimanlal Batham | Director | 19 Jun 2005 | 21 Years 4 Months | Current |
| Brijmohan Pooranmal Agarwal Also directs: The Byke Hospitality Limited, Ekansh Concepts Limited | Director | 19 Jun 2005 | 21 Years 4 Months | Current |
| Damanjeet Isaac Edwin | Director | 23 Jan 2003 | 23 Years 9 Months | Current |
Auditor
Equity Link Research (India) Limited is audited by A.P.SANZGIRI & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.P.SANZGIRI & CO. | FY 2022 | 116293W |
Shareholding
The shareholding of Equity Link Research (India) Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Equity Link Research (India) Limited, buy the company report.
Legal cases
No court or tribunal cases involving Equity Link Research (India) Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Equity Link Research (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Equity Link Research (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE2399B1ZU | Maharashtra | Active | 22 Jan 2024 |
To see the full GST registrations and return filing status of Equity Link Research (India) Limited, buy the company report.
Recent activity
Equity Link Research (India) Limited has 5 board changes on record since 2003: 3 appointments and 2 cessations. The latest: Dilip Madhav Muzumdar ceased to be Director on 30 May 2019.
Frequently asked questions
Equity Link Research (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 19 June 1995 (31+ years old) and is registered under CIN U65990MH1995PLC089705.
Equity Link Research (India) has 3 current directors:
- Rajesh Chimanlal Batham - Director
- Brijmohan Pooranmal Agarwal - Director
- Damanjeet Isaac Edwin - Director
The latest financial statements of Equity Link Research (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Equity Link Research (India) is 27AAACE2399B1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Equity Link Research (India) is U65990MH1995PLC089705. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Equity Link Research (India) was incorporated on 19 June 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Dilip Madhav Muzumdar ceased to be Director on 30 May 2019. Vivek Kumar Jain ceased to be Additional Director on 30 Sep 2015. Brijmohan Pooranmal Agarwal was appointed as Director on 19 Jun 2005. Equity Link Research (India) has 5 board changes on record in total.
The registered office of Equity Link Research (India) is at 21168 Anand Nagar Om Chs Anand Nagar Lane Off Nehru Road Vakola Santacruz East, Mumbai, Maharashtra, India – 400055.
Equity Link Research (India) operates in the business outsourcing industry, in the business and IT consulting segment.
The compliance status of Equity Link Research (India) is compliant as of 07 September 2026. The company is actively filing with the Registrar of Companies.