About Finquest Securities Private Limited
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Finquest Securities Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 04 December 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1997PTC112236. Its GSTIN is 27AABCB7028F1ZW (Maharashtra).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.3 Cr. It is led by directors including Nimish Pravinchandra Desai and Minal Bharat Patel.
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 602 – Boston House Suren Road Next To Cine Max Andheri (E), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹227.6 Cr, a growth of 76% compared to the previous year. For the same year it recorded a net profit of ₹105.64 Cr (net margin 46.4%) and EBITDA of ₹164.04 Cr (EBITDA margin 72.1%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 11% over five years.
The company has about 19 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹240 Cr and satisfied charges of ₹240 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹7.5 Cr; the latest was in November 2022. Its 3 peer companies in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 2 larger and 1 smaller; the largest is Abans Securities Private Limited with revenue of ₹237.58 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website finquestgroup.com.
Company details
Contact details
Finquest Securities Private Limited's registered office is in Mumbai, Maharashtra. Its website is finquestgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address602 – Boston House Suren Road Next To Cine Max Andheri (E), Mumbai, Maharashtra, India – 400093
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Finquest Securities 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
Business activity
The main business activity of Finquest 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 Finquest Securities Private Limited, buy the company report.
Financials of Finquest Securities Private Limited
FY 2025 filings availableFinquest Securities Private Limited reported revenue of ₹227.6 Cr (up 76% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 76% growth in the latest year. EBITDA rose 71% 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 | ₹164.04 Cr | ||||
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| Net Profit (PAT) | ₹105.64 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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| EBITDA Margin | 72.1% | ||||
| Net Profit Margin | 46.4% | ||||
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To see the full financial statements and ratios of Finquest Securities Private Limited, buy the company report.
Board of directors of Finquest Securities Private Limited
Finquest Securities has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nimish Pravinchandra Desai | Director | 22 Aug 2005 | 21 Years 2 Months | Current |
| Minal Bharat Patel Also directs: Finquest Personal Care Private Limited, Finquest Commodities Private Limited, Gracious Properties Private Limited and 5 more | Director | 15 Feb 2001 | 25 Years 8 Months | Current |
| Hardik Bharat Patel | Director | 15 Feb 2001 | 25 Years 8 Months | Current |
| Ruchit Bharat Patel Also directs: Digjam Limited, RNT Garments Private Limited, Genesis Resorts Private Limited and 5 more | Director | 18 Jul 2022 | 4 Years 3 Months | Current |
Peer comparison
Finquest Securities Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking 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 |
|---|---|---|---|---|---|---|
| Abans Securities Private Limited | ₹237.58 Cr (FY 2025) | 858.0% | Mumbai, Maharashtra, India | |||
| JMKD Broking Private Limited | ₹237.57 Cr (FY 2025) | -5.0% | Vadodara, Gujarat, India | |||
| Finquest Securities Private Limitedthis company | ₹227.6 Cr (FY 2025) | ₹105.64 Cr | 46.4% | 76.0% | 19 | Mumbai, Maharashtra, India |
| Jaypee Capital Limited | ₹227.24 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India |
To see the full peer comparison of Finquest Securities Private Limited, buy the company report.
Auditor
Finquest Securities Private Limited is audited by R.C JAIN & ASSOCIATES LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.C JAIN & ASSOCIATES LLP | FY 2022 | 103952W |
Shareholding
The shareholding of Finquest Securities Private 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 Finquest Securities Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jun 2019 | 100281438 | Others | ₹40 Cr | Satisfied | |
| 01 Mar 2019 | 100250100 | Others | ₹70 Cr | Satisfied | |
| 28 Oct 2015 | 10601960 | Others | ₹130 Cr | Satisfied |
To see the full charge records of Finquest Securities Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Finquest Securities Private Limited has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹7.5 Cr; the latest was in November 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2006 | Funding round | ₹7.5 Cr | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Finquest Securities Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1008-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Appeals u/s 15 Z of Securities and Exchange Board of India Act, 1992.) | Filed against the company by Sebi | Disposed |
To see the full case history of Finquest Securities Private 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 Finquest Securities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Finquest Securities has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Finquest Commodities Private Limited | U51101MH2005PTC156015 |
To see the full group structure of Finquest Securities Private Limited, buy the company report.
Employees & EPFO
Finquest Securities Private Limited has a workforce of 19 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Finquest Securities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCB7028F1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Finquest Securities Private Limited, buy the company report.
Recent activity
Finquest Securities Private Limited has 7 board changes on record since 2001: 4 appointments and 3 cessations. The latest: Ruchit Bharat Patel ceased to be Additional Director on 30 Sep 2022.
6 earlier events are in the company report.
Frequently asked questions
Finquest Securities is an active private limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 04 December 1997 (29+ years old) and is registered under CIN U67120MH1997PTC112236.
Finquest Securities has 4 current directors:
- Nimish Pravinchandra Desai - Director
- Minal Bharat Patel - Director
- Hardik Bharat Patel - Director
- Ruchit Bharat Patel - Director
The latest financial statements of Finquest Securities 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 Finquest Securities is 27AABCB7028F1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Finquest Securities is U67120MH1997PTC112236. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finquest Securities has 1 court case on record: 1 filed against it.
Finquest Securities was incorporated on 04 December 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Finquest Securities has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹7.5 Cr; the latest was in November 2022.
The peers of Finquest Securities by revenue are Abans Securities Private Limited, JMKD Broking Private Limited, Jaypee Capital Limited, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Ruchit Bharat Patel ceased to be Additional Director on 30 Sep 2022. Ruchit Bharat Patel was appointed as Director on 18 Jul 2022. Bharat Jamnadas Dattani ceased to be Director on 30 Apr 2014. Finquest Securities has 7 board changes on record in total.
Finquest Securities can be reached through the website finquestgroup.com. Its registered office is in Mumbai, Maharashtra, India.