India's Most Valuable Companies 2021 edition · Source: Hurun India
Rank#164- Valuation
- ₹24,008 Cr
Revenue · FY 2024
₹5,051.1 Cr
▲ 47% YoY
Net profit · FY 2024
₹557.73 Cr
Net margin 11%
EBITDA · FY 2024
₹919.66 Cr
EBITDA margin 18.2%
Authorised capital
₹250 Cr
Registered with MCA
Paid-up capital
₹120.83 Cr
Issued & subscribed
Open charges
₹6,980 Cr
Satisfied ₹250.95 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
4,986
Provident fund records
About Icici Securities Limited
Data last updated:
Icici Securities Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Icici Bank Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 09 March 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1995PLC086241. Its GSTIN is 27AAACI0996E1ZL (Maharashtra). The company holds 23 GST registrations, all of them active.
The company has an authorised share capital of ₹250 Cr and a paid-up capital of ₹120.83 Cr. It was formerly known as Icici Brokerage Services Limited. It is led by directors including Ajay Saraf (Whole-Time Director) and Prasanna Balachander (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Icici Venture House Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2024, the company reported a revenue of ₹5,051.1 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹557.73 Cr (net margin 11%) and EBITDA of ₹919.66 Cr (EBITDA margin 18.2%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 24% over five years.
The company has about 4,986 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: ICICI Direct and ICICI Securities. As per MCA filings, the company has open charges of ₹6,980 Cr and satisfied charges of ₹250.95 Cr on record. Court records list 127 cases involving the company, including 53 filed by the company and 74 filed against it; 30 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 icicisecurities.com.
Company details
CIN U67120MH1995PLC086241
Registration Number 086241
Incorporation Date 09 March 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 June 2025
Date of Balance Sheet 31 March 2025
Parent Company Icici Bank Limited
Compliance Status Active Compliant
CIN history
Icici Securities has one previous CIN (Corporate Identification Number): L67120MH1995PLC086241. The current CIN is U67120MH1995PLC086241, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120MH1995PLC086241 | Current |
| L67120MH1995PLC086241 | Previous |
Key People
Srirang Thirumalai Kumara Ceo Ajay Saraf Whole-Time Director Prasanna Balachander Whole-Time Director Recognitions & Rankings of Icici Securities
Contact details
Icici Securities Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered AddressIcici Venture House Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025
- IndustryFinancial Services, Brokerage & Trading Services
Comprehensive company report
Icici Securities Limited - one report that includes everything
- 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
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Brands
Icici Securities operates two associated brands: ICICI Direct and ICICI Securities. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online share trading, mutual funds, and wealth management services in India. | icicidirect.com | |
| Diversified investment management and broking services are offered. | icicisecurities.com |
Business activity
The main business activity of Icici 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 Icici Securities Limited, buy the company report.
Financials of Icici Securities Limited
FY 2025 filings availableIcici Securities Limited reported revenue of ₹5,051.1 Cr (up 47% YoY) for FY 2024.
Revenue · FY 2024
₹5,051.1 Cr ▲ 47%
Net profit · FY 2024
₹557.73 Cr margin 11%
EBITDA · FY 2024
₹919.66 Cr margin 18.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 47%
3 years · compounded
▲ 25%
5 years · compounded
▲ 24%
EBITDA CAGR growth
1 year
▲ 62%
3 years · compounded
▲ 23%
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 47% growth in the latest year. EBITDA rose 62% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹919.66 Cr | ||||
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| Net Profit (PAT) | ₹557.73 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 18.2% | ||||
| Net Profit Margin | 11% | ||||
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To see the full financial statements and ratios of Icici Securities Limited, buy the company report.
Board of directors and KMP of Icici Securities Limited
Icici Securities Limited currently reports 10 directors and 1 key managerial person. 35 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Saraf | Whole-Time Director | 25 May 2011 | 15 Years 5 Months | Current |
| Subrata Mukherji | Director | 29 Nov 2017 | 8 Years 11 Months | Current |
| Prasanna Balachander | Whole-Time Director | 01 Sep 2025 | 1 Years 1 Months | Current |
| Raju Nanikram Nanwani | Nodal Officer | 24 Oct 2019 | 7 Years 0 Months | Current |
| Ashvin Dhirajlal Parekh Also directs: Ashvin Parekh Advisory Services LLP, Grasim Industries Ltd, Nippon Life India Asset Management Limited and 2 more | Director | 25 Aug 2016 | 10 Years 2 Months | Current |
| Sandhya Sharma Also directs: Entero Healthcare Solutions Limited, Ppfas Trustee Company Private Limited, Icici Home Finance Company Limited and 1 more | Director | 01 Sep 2025 | 1 Years 1 Months | Current |
Showing 6 of 11 current directors and KMP. View all directors and KMP
Peer comparison
Icici Securities 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 |
|---|---|---|---|---|---|---|
| Angel One Limited | ₹5,247.67 Cr (FY 2025) | 23.0% | Mumbai, Maharashtra, India | |||
| Kotak Securities Limited | ₹5,114.58 Cr (FY 2025) | 31.0% | Mumbai, Maharashtra, India | |||
| Icici Securities Limitedthis company | ₹5,051.1 Cr (FY 2024) | ₹557.73 Cr | 11% | 47.0% | Mumbai, Maharashtra, India | |
| Citadel Securities India Markets Private Limited | ₹4,067.04 Cr (FY 2025) | 39.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Icici Securities Limited, buy the company report.
Charges & borrowings
Open charges
₹6,980 Cr
Satisfied charges
₹250.95 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Nov 2025 | 101199251 | Others | ₹190 Cr | Open | |
| 03 Sep 2025 | 101158407 | Bank of India | ₹290 Cr | Open | |
| 06 May 2024 | 100924267 | Others | ₹500 Cr | Open | |
| 20 Feb 2024 | 100878626 | Others | ₹750 Cr | Open | |
| 24 Feb 2023 | 100686596 | State Bank of India | ₹750 Cr | Open |
To see the full charge records of Icici Securities Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Icici Securities Limited has 127 court cases on record: 53 filed by Icici Securities, 74 filed against it. 30 cases are pending and 97 are disposed.
Total cases
127
Filed by the company
53
Filed against the company
74
Pending
30
Disposed
97
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 73 | 38 | 25 |
| High courts | 40 | 23 | 2 |
| Supreme Court | 12 | 12 | 3 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 127)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1001-Company Law, Sick Industries including Disinvestment : Company Law, Sick Industries including Disinvestment) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (2806-Mercantile Laws, Commercial Transactions Including Banking : Banks mortgage disputes) | Filed against the company by Yes Bank Limited Through Mr. Navin Trivedi Authorised Representative Regd. Office at Yes Bank House, Off Western Express Highway, Santacruz (East) Mumbai ,Mumbai , Maharashtra and 1 other | Pending |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed by the company against National Stock Exchange of India Ltd and 1 other | Disposed |
| District court, Jalandhar, Punjab | Appeal | Filed against the company by an individual | Pending |
| High Court | Tax appeal | Filed against the company by Commissioner of Income Tax IT 2 | Pending |
To see the full case history of Icici 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.
Credit ratings & regulatory alerts
Icici Securities Limited was last rated by Icra on 10 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 10 Nov 2021 |
To see the full credit ratings and regulatory alerts of Icici Securities Limited, buy the company report.
MSME payment delays
Icici Securities Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 4 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Micropoint Computers Private Limited | |||
| Dot.Com Networks Solutions | |||
| Parsn Technologies Private Limited |
To see the full MSME payment records of Icici Securities Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Icici Securities has 23 GST registrations: 23 active. The first 4 active GSTINs are listed below.
Total GSTINs
23
Active
23
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI0996E1ZL | Maharashtra | Active | 01 Jul 2017 |
| 03AAACI0996E1ZV | Punjab | Active | 01 Jul 2017 |
| 04AAACI0996E1ZT | Chandigarh | Active | 01 Jul 2017 |
| 05AAACI0996E1ZR | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Icici Securities Limited, buy the company report.
Recent activity
Icici Securities Limited has 46 board changes on record since 2007: 11 appointments and 35 cessations. The latest: Sandhya Sharma ceased to be Additional Director on 09 Nov 2025.
Charges
A charge with Others amounted to Rs. 190.00 Cr with Charge ID 101199251 was registered on 27 Nov 2025.
Charges
A charge with Bank Of India of Rs. 290.00 Cr registered on 03 Sep 2025 with Charge ID 101158407 was modified on 17 Nov 2025.
Ceased
Sandhya Sharma ceased to be Additional Director.
Charges
A charge with Bank Of India amounted to Rs. 290.00 Cr with Charge ID 101158407 was registered on 03 Sep 2025.
Appointed
Prasanna Balachander was appointed as Whole-Time Director.
Appointed
Sandhya Sharma was appointed as Director.
AGM
Icici Securities Limited last Annual general meeting of members was held on 27 Jun 2025 as per latest MCA records.
Ceased
Ajay Kumar Gupta ceased to be Additional Director.
Appointed
Ajay Kumar Gupta was appointed as Director.
Filing
Icici Securities Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Srirang Thirumalai Kumara was appointed as CEO.
Charges
A charge registered on 31 Jan 2022 via Charge ID 100538462 with Others was fully satisfied on 27 Nov 2024.
60 earlier events are in the company report.
News
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Frequently asked questions
Icici Securities is an active public limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 09 March 1995 (31+ years old) and is registered under CIN U67120MH1995PLC086241.
Icici Securities has 11 current directors and KMP:
- Ajay Saraf - Whole-Time Director
- Prasanna Balachander - Whole-Time Director
- Subrata Mukherji - Director
- Ashvin Dhirajlal Parekh - Director
- Sandhya Sharma - Director
- Gopichand Katragadda - Director
- Rakesh Jha - Director
- Vijayalakshmi Rajaram Iyer - Director
- Ajay Kumar Gupta - Director
- Raju Nanikram Nanwani - Nodal Officer
- Srirang Thirumalai Kumara - Ceo
The latest financial statements of Icici Securities on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Icici Securities is 27AAACI0996E1ZL, registered in Maharashtra. The company has 23 GST registrations in all, of which 23 are active. Other active GSTINs include 03AAACI0996E1ZV (Punjab), 04AAACI0996E1ZT (Chandigarh), 05AAACI0996E1ZR (Uttarakhand).
The CIN (Corporate Identification Number) of Icici Securities is U67120MH1995PLC086241. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icici Securities has 127 court cases on record: 53 filed by the company and 74 filed against it. 30 are pending. Most are in the district courts.
Icici Securities was incorporated on 09 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Icici Securities by revenue are Angel One Limited, Kotak Securities Limited, Citadel Securities India Markets Private Limited, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Sandhya Sharma ceased to be Additional Director on 09 Nov 2025. Prasanna Balachander was appointed as Whole-Time Director on 01 Sep 2025. Sandhya Sharma was appointed as Director on 01 Sep 2025. Icici Securities has 46 board changes on record in total.
Icici Securities has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 4 overdue payments to 3 micro and small suppliers. The latest return was filed on 29 May 2019.
Icici Securities can be reached through the website icicisecurities.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Icici Securities is at Icici Venture House Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025.