About Fairwealth Securities Limited
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Fairwealth Securities Limited is a public limited company based in Gurgaon, Haryana, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 02 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U67120HR2005PLC035644. Its GSTIN is 08AAACF8795N2ZR (Rajasthan). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.75 Cr. It was formerly known as Fairwealth Securities Private Limited. It is led by directors including Naveen Gaba and Dhirender Gaba.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 651 – 652 Udyog Vihar Phase – V Gurgaon, Haryana, India – 122001.
As per the financials filed for FY 2018, the company reported a revenue of ₹23.63 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹52.8 Lakh (net margin 2.2%) and EBITDA of ₹7.57 Cr (EBITDA margin 32%).
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹45.06 Cr and satisfied charges of ₹28.17 Cr on record. Court records list 81 cases involving the company, including 34 filed by the company and 47 filed against it; 23 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fairwealth.in.
Company details
CIN history
Fairwealth Securities has one previous CIN (Corporate Identification Number): U67120HR2005PTC035644. The current CIN is U67120HR2005PLC035644, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120HR2005PLC035644 | Current |
| U67120HR2005PTC035644 | Previous |
Contact details
Fairwealth Securities Limited's registered office is in Gurgaon, Haryana. Its website is fairwealth.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address651 – 652 Udyog Vihar Phase – V Gurgaon, Haryana, India – 122001
- IndustryFinancial Services, Diversified Financial Services, Brokerage & Trading Services
To see the full contact details of Fairwealth Securities 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 Fairwealth Securities 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 Fairwealth Securities Limited, buy the company report.
Financials of Fairwealth Securities Limited
FY 2018 filings availableFairwealth Securities Limited reported revenue of ₹23.63 Cr (up 12% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 12% in the latest year. EBITDA rose 6% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹23.63 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹7.57 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹52.8 Lakh | |||
| 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 32% | |||
| Net Profit Margin | 2.2% | |||
| 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 | ||||
To see the full financial statements and ratios of Fairwealth Securities Limited, buy the company report.
Board of directors of Fairwealth Securities Limited
Fairwealth Securities has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shripad Sadanand Desai | Additional Director | 23 Sep 2019 | 7 Years 1 Months | Current |
| Naveen Gaba Also directs: Fairwealth Commodity Broking Private Limited | Director | 02 Mar 2005 | 21 Years 7 Months | Current |
| Dhirender Gaba Also directs: Fairwealth Commodity Broking Private Limited | Director | 02 Mar 2005 | 21 Years 7 Months | Current |
Peer comparison
Fairwealth Securities Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking Services, Other Financial Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kredere Wealth Partner Limited | ₹23.73 Cr (FY 2025) | 36.0% | Mumbai, Maharashtra, India | |||
| Fairwealth Securities Limitedthis company | ₹23.63 Cr (FY 2018) | ₹52.8 Lakh | 2.2% | 12.0% | 18 | Gurgaon, Haryana, India |
| Integrated Fincap Private Limited | ₹23.61 Cr (FY 2024) | 289.0% | Delhi, India | |||
| Ambition Services Private Limited | ₹23.56 Cr (FY 2025) | -8.0% | New Delhi, Delhi, India |
To see the full peer comparison of Fairwealth Securities Limited, buy the company report.
Auditor
Fairwealth Securities Limited is audited by S J B RELAN & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S J B RELAN & ASSOCIATES | FY 2018 | 027606N |
Shareholding
The shareholding of Fairwealth Securities Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Fairwealth Securities Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2019 | 100268669 | Others | ₹2.95 Cr | Open | |
| 19 Jul 2018 | 100191708 | Others | ₹3.96 Cr | Open | |
| 31 Dec 2012 | 10402223 | Kotak Mahindra Bank Limited | ₹3.15 Cr | Open | |
| 12 Aug 2009 | 10173531 | Others | ₹35 Cr | Open | |
| 27 Apr 2016 | 100031198 | Others | ₹2 Cr | Satisfied |
To see the full charge records of Fairwealth Securities Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Fairwealth Securities Limited has 81 court cases on record: 34 filed by Fairwealth Securities, 47 filed against it. 23 cases are pending and 58 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 57 | 31 | 20 |
| High courts | 24 | 16 | 3 |
Cases on record (5 of 81)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Commercial suit | Filed against the company by National Stock Exchange of India Ltd | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by National Stock Exchange of India Ltd Manilal Kher Ambalal and Co. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SW) | Filed against the company by National Stock Exchange of India Ltd. | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Fairwealth Financial Services Limited | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Prime Ltd. - Pritis Rajarshibhai Adhvryu | Disposed |
To see the full case history of Fairwealth Securities 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 Fairwealth Securities Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Fairwealth Securities has 1 associated company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
Employees & EPFO
Fairwealth Securities Limited has a workforce of 18 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Fairwealth Securities has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAACF8795N2ZR | Rajasthan | Active | 31 Jul 2017 |
To see the full GST registrations and return filing status of Fairwealth Securities Limited, buy the company report.
Recent activity
Fairwealth Securities Limited has 13 board changes on record since 2005: 3 appointments and 10 cessations. The latest: Sandeep Jindal ceased to be Director on 23 Sep 2019.
30 earlier events are in the company report.
Frequently asked questions
Fairwealth Securities is an active public limited company based in Gurgaon, Haryana, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 02 March 2005 (21+ years old) and is registered under CIN U67120HR2005PLC035644.
Fairwealth Securities has 3 current directors:
- Shripad Sadanand Desai - Additional Director
- Naveen Gaba - Director
- Dhirender Gaba - Director
The latest financial statements of Fairwealth Securities on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Fairwealth Securities is 08AAACF8795N2ZR, registered in Rajasthan. The company has 10 GST registrations in all, of which 1 is active and 9 are cancelled or inactive.
The CIN (Corporate Identification Number) of Fairwealth Securities is U67120HR2005PLC035644. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fairwealth Securities has 81 court cases on record: 34 filed by the company and 47 filed against it. 23 are pending. Most are in the district courts.
Fairwealth Securities was incorporated on 02 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Haryana.
The peers of Fairwealth Securities by revenue are Kredere Wealth Partner Limited, Integrated Fincap Private Limited, Ambition Services Private Limited, all in the BFSI industry (Broking Services, Other Financial Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Sandeep Jindal ceased to be Director on 23 Sep 2019. Shripad Sadanand Desai was appointed as Additional Director on 23 Sep 2019. Roop Lal Aggarwal ceased to be Director on 16 Jul 2019. Fairwealth Securities has 13 board changes on record in total.
Fairwealth Securities can be reached through the website fairwealth.in. Its registered office is in Gurgaon, Haryana, India.
The registered office of Fairwealth Securities is at 651 – 652 Udyog Vihar Phase – V Gurgaon, Haryana, India – 122001.