About Equitymaster Research Private Limited
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Equitymaster Research Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the online financial services segment of the internet and digital services sector. It was incorporated on 25 October 2007.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2007PTC175407. Its GSTIN is 27AABCE8553C1ZR (Maharashtra).
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹1.59 Lakh. It was led by directors Suresh Satramsingh Lulla and Ananthan Krishnan Murali.
Its last annual general meeting (AGM) was held on 11 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office was at 103 Regent Chambers First Floor Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.9 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹2.03 Cr (net margin 14.6%) and EBITDA of ₹2.96 Cr (EBITDA margin 21.3%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 5% over five years.
The company had about 34 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
The company was associated with 1 brand: Equitymaster. As per MCA filings, the company had open charges of ₹5 Lakh on record. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹7.83 Cr; the latest was in October 2012. Its 5 peer companies in the Ecommerce and Internet industry (Finance), with the same principal business activity (other financial activities) are compared by revenue, 1 larger and 4 smaller; the largest is Incred Premier Distribution Private Limited with revenue of ₹13.99 Cr.
The last known website on record is equitymaster.com.
Company details
Contact details
Equitymaster Research Private Limited's registered office is in Mumbai, Maharashtra. Its website is equitymaster.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address103 Regent Chambers First Floor Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryInternet, Online Financial Services
To see the full contact details of Equitymaster Research Private 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
Equitymaster Research operates one associated brand: Equitymaster. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers equity research, stock recommendations, and market tools for investors. | equitymaster.com |
Business activity
The main business activity of Equitymaster Research 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 Equitymaster Research Private Limited, buy the company report.
Financials of Equitymaster Research Private Limited
FY 2025 filings availableEquitymaster Research Private Limited reported revenue of ₹13.9 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 2% fall in the latest year. EBITDA fell 4% 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 | ₹2.96 Cr | ||||
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| Net Profit (PAT) | ₹2.03 Cr | ||||
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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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| Profitability | |||||
| EBITDA Margin | 21.3% | ||||
| Net Profit Margin | 14.6% | ||||
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To see the full financial statements and ratios of Equitymaster Research Private Limited, buy the company report.
Board of directors of Equitymaster Research Private Limited
Equitymaster Research has 2 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Satramsingh Lulla | Director | 08 Jul 2019 | 7 Years 4 Months | As last reported |
| Ananthan Krishnan Murali | Director | 01 Jan 2021 | 5 Years 10 Months | As last reported |
Peer comparison
Equitymaster Research Private Limited is compared with the 5 companies closest to it by revenue in the Ecommerce and Internet industry (Finance), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Incred Premier Distribution Private Limited | ₹13.99 Cr (FY 2025) | 228.0% | Mumbai, Maharashtra, India | |||
| Equitymaster Research Private Limitedthis company | ₹13.9 Cr (FY 2025) | ₹2.03 Cr | 14.6% | -2.0% | 34 | Mumbai, Maharashtra, India |
| Sanwa Finance Private Limited | ₹13.87 Cr (FY 2019) | -13.0% | Mumbai, Maharashtra, India | |||
| Zoho Finance Private Limited | ₹13.87 Cr (FY 2025) | 2013.0% | Chengalpattu, Tamil Nadu, India | |||
| Ganesh Hire Purchase & Leasing Finance Private Limited | ₹13.86 Cr (FY 2024) | 727.0% | Delhi, India | |||
| Inter Globe Finance Ltd | ₹13.83 Cr (FY 2019) | -27.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Equitymaster Research Private Limited, buy the company report.
Auditor
Equitymaster Research Private Limited is audited by MEHTA CHOKSHI & SHAH for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHTA CHOKSHI & SHAH | FY 2023 | 106201W |
Shareholding
The shareholding of Equitymaster Research Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Equitymaster Research Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Feb 2025 | 101058511 | Hdfc Bank Limited | ₹5 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Equitymaster Research Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹7.83 Cr; the latest was in October 2012.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2012 | Secondary share transfer | Undisclosed | Buyer: Agora Holdings (Cyprus) Limited Seller: Monument & Cathedral Holdings Inc. |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Equitymaster Research Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Equitymaster Research Private 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 Equitymaster Research Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Equitymaster Research has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Common Sense Living Private Limited | U74999MH2014PTC255264 |
To see the full group structure of Equitymaster Research Private Limited, buy the company report.
Employees & EPFO
Equitymaster Research Private Limited has a workforce of 34 employees on its EPFO records as of Oct 2025, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 34 |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Equitymaster Research Private Limited, buy the company report.
GST
Equitymaster Research has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE8553C1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Equitymaster Research Private Limited, buy the company report.
Recent activity
Equitymaster Research Private Limited has 20 board changes on record since 2008: 3 appointments and 17 cessations. The latest: Niamh Duggan ceased to be Alternate Director on 21 Mar 2024.
12 earlier events are in the company report.
News
Frequently asked questions
Equitymaster Research has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Equitymaster Research was a private limited company based in Mumbai, Maharashtra, India. The company worked in online financial services, within the internet industry. It was incorporated on 25 October 2007 and is registered under CIN U74999MH2007PTC175407. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Equitymaster Research was incorporated on 25 October 2007. It is registered with the Registrar of Companies, Mumbai.
Equitymaster Research had 2 directors:
- Suresh Satramsingh Lulla - Director
- Ananthan Krishnan Murali - Director
The CIN (Corporate Identification Number) of Equitymaster Research is U74999MH2007PTC175407. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Equitymaster Research is at 103 Regent Chambers First Floor Nariman Point, Mumbai, Maharashtra, India – 400021.
Equitymaster Research can be reached through the website equitymaster.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Equitymaster Research on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Equitymaster Research is 27AABCE8553C1ZR, registered in Maharashtra.
Equitymaster Research operated in the internet industry, in the online financial services segment.
Equitymaster Research has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹7.83 Cr; the latest was in October 2012.
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