Garware Capital Markets Limited - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 1960.

1960 Mumbai, Maharashtra, India Active

Last Updated: January 04, 2026

About Garware Capital Markets Limited

Garware Capital Markets Limited, a active public limited company, was established on 22 April 1960 in Mumbai, Maharashtra, India. Engaging in investment & credit nbfc within the financial and insurance service sector, it holds CIN: U74999MH1960PLC011653. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹10.00 Cr and a paid-up capital of ₹5.51 Cr.

It upholds a compliant status. Its leadership includes Vasant Suryakant Sardesai (Director), Santosh Shrikrishna Purohit (Director), Milind Anant Kamat (Director). Past directors included Shridhar Shrikrishna Rajpathak, Vasant Suryakant Sardesai, Sanjay Bamne. It holds ₹7.64 Cr open charges and no settled loans. Its latest AGM occurred on 27 September 2025, with the balance sheet filed on 31 March 2025. It is based at Chowpatty Chambers Sandhurst Bridge, Mumbai, Maharashtra, 400007.

Company Details

CIN/LLPIN
U74999MH1960PLC011653
Registration Number
011653
Incorporation Date
22 April 1960
Authorized Capital
₹10.00 Cr
Paid-Up Capital
₹5.51 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 10.00 Cr as on 04-01-2026
Paid Up Capital ₹ 5.51 Cr as on 04-01-2026
Company Age 65 Year, 10 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 7.64 Cr as on 04-01-2026
Revenue Growth **** -50.40% (FY 2021)
Profit Growth **** -64.50% (FY 2021)
Ebitda **** 4.60% (FY 2021)
Net Worth 4.41% (FY 2021)
Total Assets -5.03% (FY 2021)

Comprehensive Company Insights

Explore comprehensive insights into Garware Capital Markets Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Garware Capital Markets Limited?

Current Directors

Name	Designation	Appointment Date	Status
Vasant Suryakant Sardesai	Director	02 Nov 2012	Current
Santosh Shrikrishna Purohit	Director	10 Apr 2015	Current
Milind Anant Kamat	Director	02 Nov 2012	Current
Shrikant Pandharinath Kulkarni	Director	26 Dec 2024	Current
Vayu Ramesh Garware	Director	01 Mar 2014	Current
Mayuri Vayu Garware	Director	03 Oct 2022	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	02 Nov 2012	Past
Pramod Abcsdd	Additional Director	28 Sep 2013	Past
Pramod Abcsdd	Director	02 Mar 2012	Past
Pramod Abcsdd	Additional Director	25 Sep 2015	Past
Pramod Abcsdd	Company Secretary	31 May 2019	Past
Pramod Abcsdd	Additional Director	27 Sep 2023	Past

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Financial Performance of Garware Capital Markets.

Garware Capital Markets Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 50.4% decrease. The company also saw a substantial fall in profitability, with a 64.5% decrease in profit. The company's net worth moved up by a moderate rise of 4.41%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-50.40%

*******

Revenue from Operations

*******

Total Assets

*******

-5.03%

*******

Profit or Loss

*******

-64.50%

*******

Net Worth

*******

4.41%

*******

EBITDA

*******

4.60%

*******

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What is the Ownership and Shareholding Structure of Garware Capital Markets?

In 2021, Garware Capital Markets had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹76,361,367.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

The Vysya Bank Ltd. : 5.00 Cr
Bank Of India : 1.30 Cr
Canara Bank : 0.73 Cr
Icici Limited : 0.20 Cr
Central Bank Of India : 0.15 Cr
Others : 0.25 Cr

Latest Charge Details

Date	Lender	Amount	Status
13 Feb 1995	The Vysya Bank Ltd.	₹5.00 Cr	Open
14 Mar 1994	Bank Of India	₹1.00 Cr	Open
24 Mar 1992	The Saraswt Co-Op. Bank Ltd.	₹1.41 M	Open
28 Oct 1989	Bank Of India	₹0.96 M	Open
09 Nov 1982	Canara Bank	₹7.34 M	Open

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How Many Employees Work at Garware Capital Markets?

Unlock and access historical data on people associated with Garware Capital Markets, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Garware Capital Markets, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Garware Capital Markets's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Garware Capital Markets

Recent Activity within the Organization

Annual General Meeting

Progress on Garware Capital Markets Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records. was documented.
27 Sep 2025
Balance Sheet

Progress on Garware Capital Markets Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was documented.
31 Mar 2025
Director Appointment

Progress on Shrikant Pandharinath Kulkarni was appointed as a Director was appointed as a Director on 26 Dec 2024 & has been associated with this company since 1 year 2 months . was documented.
26 Dec 2024
Director Appointment

The activity Mayuri Vayu Garware was appointed as a Director was appointed as a Director on 03 Oct 2022 & has been associated with this company since 3 years 4 months . was completed.
03 Oct 2022
Director Appointment

The activity Santosh Shrikrishna Purohit was appointed as a Director was appointed as a Director on 10 Apr 2015 & has been associated with this company since 10 years 10 months . was completed.
10 Apr 2015
Director Appointment

Vayu Ramesh Garware was appointed as a Director was appointed as a Director on 01 Mar 2014 & has been associated with this company since 11 years 11 months . was recorded as a recent event.
01 Mar 2014

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