About Il&Fs Securities Services Limited
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Il&Fs Securities Services Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Infrasctructure Leasing And Financial Services Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 27 July 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74992MH2006PLC163337. Its GSTIN is 27AABCI5580K1Z9 (Maharashtra). The company holds 13 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹23.78 Cr. It is led by directors including Kaushik Modak and Shekhar Sharad Prabhudesai.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Il&Fs House Raheja Vihar Chandivili Andheri – East, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.43 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹355.24 Cr and EBITDA of -₹356.52 Cr. Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 24% over five years.
The company is associated with 1 brand: IL & FS Securities & Services. As per MCA filings, the company has open charges of ₹220 Cr and satisfied charges of ₹35 Cr on record. Court records list 46 cases involving the company, including 7 filed by the company and 39 filed against it; 28 cases are pending. The company has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹158.23 Cr; the latest was in September 2017. Its 4 peer companies in the BFSI industry (Broking Services), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 2 smaller; the largest is Terrascope Ventures Limited with revenue of ₹7.47 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 ilfsdp.com.
Company details
Contact details
Il&Fs Securities Services Limited's registered office is in Mumbai, Maharashtra. Its website is ilfsdp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressIl&Fs House Raheja Vihar Chandivili Andheri – East, Mumbai, Maharashtra, India – 400072
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Il&Fs Securities Services 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
Il&Fs Securities Services operates one associated brand: IL & FS Securities & Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Radiology services are delivered via a network of diagnostic centers. | ilfsdp.com |
Business activity
The main business activity of Il&Fs Securities Services 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 Il&Fs Securities Services Limited, buy the company report.
Financials of Il&Fs Securities Services Limited
FY 2025 filings availableIl&Fs Securities Services Limited reported revenue of ₹7.43 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 5% fall 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 | -₹356.52 Cr | ||||
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| Net Profit (PAT) | -₹355.24 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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To see the full financial statements and ratios of Il&Fs Securities Services Limited, buy the company report.
Board of directors and KMP of Il&Fs Securities Services Limited
Il&Fs Securities Services Limited currently reports 4 directors and 2 key managerial personnel. 31 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaushik Modak Also directs: Il&Fs Energy Development Company Limited, Il&Fs Financial Services Limited, Il&Fs Tamil Nadu Power Company Limited and 1 more | Director | 19 May 2020 | 6 Years 5 Months | Current |
| Priya Prempal Shetty | Ceo | 07 Aug 2020 | 6 Years 2 Months | Current |
| Shekhar Sharad Prabhudesai | Director | 07 Aug 2020 | 6 Years 2 Months | Current |
| Eric Paul Sites | Nominee Director | 24 Oct 2020 | 6 Years 0 Months | Current |
| Dhruvil Pareshbhai Shah | Cfo | 10 Nov 2022 | 3 Years 11 Months | Current |
| Nand Kishore Also directs: Il&Fs Energy Development Company Limited, Il&Fs Financial Services Limited, Il&Fs Tamil Nadu Power Company Limited and 5 more | Director | 13 Dec 2018 | 7 Years 10 Months | Current |
Peer comparison
Il&Fs Securities Services Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Broking Services), 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 |
|---|---|---|---|---|---|---|
| Terrascope Ventures Limited | ₹7.47 Cr (FY 2020) | 170.0% | Mumbai, Maharashtra, India | |||
| Premier Capital & Securities Private Limited | ₹7.46 Cr (FY 2025) | -78.0% | Kolkata, West Bengal, India | |||
| Il&Fs Securities Services Limitedthis company | ₹7.43 Cr (FY 2025) | -₹355.24 Cr | -5.0% | Mumbai, Maharashtra, India | ||
| Essvee Urban Development Private Limited | ₹7.41 Cr (FY 2025) | -45.0% | Mumbai, Maharashtra, India | |||
| Dhoot Industrial & Investment Company Pvt. Ltd. | ₹7.36 Cr (FY 2017) | -40.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Il&Fs Securities Services Limited, buy the company report.
Auditor
Il&Fs Securities Services Limited is audited by Mukund M Chitale & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mukund M Chitale & Co | FY 2023 | 106655W |
Shareholding
The shareholding of Il&Fs Securities Services Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Il&Fs Securities Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Dec 2013 | 10465901 | Others | ₹100 Cr | Open | |
| 19 May 2010 | 10228950 | Central Bank of India | ₹50 Cr | Open | |
| 29 Sep 2009 | 10187090 | Central Bank of India | ₹50 Cr | Open | |
| 29 Sep 2009 | 10187096 | Central Bank of India | ₹20 Cr | Open | |
| 29 Sep 2009 | 10187092 | Central Bank of India | ₹35 Cr | Satisfied |
To see the full charge records of Il&Fs Securities Services Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Il&Fs Securities Services Limited has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹158.23 Cr; the latest was in September 2017.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Infrastructure Leasing & Financial Services Limited & Maharudra Wagle, Infrastructure Leasing & Financial Services Limitd and Sunil Khandelwal Seller: Infrastructure Leasing & Financial Services Limited & Manu Kochhar, Infrastructure Leasing & Financial Services Limitd and Avinash Bagul |
| Aug 2014 | Secondary share transfer | Undisclosed | Buyer: IL&FS Employee Welfare Trust Seller: Arun K saha & Vibhav Kapoor join with IL&FS Employee Welfare Trust |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: Infrastructure Leasing & Financial Services Limitd and Avinash Bagul Seller: Infrastructure Leasing & Financial Services and Hemang Raja |
| Dec 2008 | Funding round | ₹47.58 Cr | Investors: an individual |
| Nov 2007 | Funding round | ₹35.7 Cr | Investors: Orix Corporation |
To see the full deal history of Il&Fs Securities Services 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
Il&Fs Securities Services Limited has 46 court cases on record: 7 filed by Il&Fs Securities Services, 39 filed against it. 28 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 35 | 34 | 23 |
| High courts | 7 | 3 | 2 |
| Supreme Court | 3 | 2 | 3 |
| NCLAT | 1 | 0 | 0 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, East, Delhi | Criminal case | Filed by the company against Allied Financial Services Pvt. Ltd. and Anr. and 2 others | Pending |
| Supreme Court | Court case (4201-SEBI Act and Securities Laws including Forward Contract Regulation Act, 1952 and Securities Contracts (Regulation) Act, 1956 : SEBI Act and Securities Laws including Forward Contract Regulation Act, 1952 and Securities Contracts (Regulation) Act, 1956) | Filed against the company by Morgan Stanley India Company Private Limited Authorised Signatory 18Th Floor, 18 F, Tower 2, One Indiabulls Centre, 841, Senapati Bapat Marg ,Mumbai , Maharashtra | Pending |
| District court, Central, Delhi | Execution petition | Filed against the company by Consortium Securities Pvt Ltd | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Central Bank of India and 11 others | Disposed |
| District court, East, Delhi | Revision petition | Filed against the company by M/S Dalmia (Bharat) Limited | Disposed |
To see the full case history of Il&Fs Securities Services 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
Il&Fs Securities Services Limited was last rated by Care on 06 Jan 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Jan 2026 |
To see the full credit ratings and regulatory alerts of Il&Fs Securities Services Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Il&Fs Securities Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Il&Fs Securities Services has 13 GST registrations: 4 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI5580K1Z9 | Maharashtra | Active | 01 Jul 2017 |
| 07AABCI5580K1ZB | Delhi | Active | 01 Jul 2017 |
| 29AABCI5580K1Z5 | Karnataka | Active | 01 Jul 2017 |
| 33AABCI5580K1ZG | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Il&Fs Securities Services Limited, buy the company report.
Recent activity
Il&Fs Securities Services Limited has 33 board changes on record since 2007: 6 appointments and 27 cessations. The latest: Dhruvil Pareshbhai Shah was appointed as CFO on 10 Nov 2022.
31 earlier events are in the company report.
News
Frequently asked questions
Il&Fs Securities Services 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 27 July 2006 (20+ years old) and is registered under CIN U74992MH2006PLC163337.
Il&Fs Securities Services has 6 current directors and KMP:
- Kaushik Modak - Director
- Shekhar Sharad Prabhudesai - Director
- Eric Paul Sites - Nominee Director
- Nand Kishore - Director
- Priya Prempal Shetty - Ceo
- Dhruvil Pareshbhai Shah - Cfo
The latest financial statements of Il&Fs Securities Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Il&Fs Securities Services is 27AABCI5580K1Z9, registered in Maharashtra. The company has 13 GST registrations in all, of which 4 are active and 9 are cancelled or inactive. Other active GSTINs include 07AABCI5580K1ZB (Delhi), 29AABCI5580K1Z5 (Karnataka), 33AABCI5580K1ZG (Tamil Nadu).
The CIN (Corporate Identification Number) of Il&Fs Securities Services is U74992MH2006PLC163337. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Il&Fs Securities Services has 46 court cases on record: 7 filed by the company and 39 filed against it. 28 are pending. Most are in the district courts.
Il&Fs Securities Services was incorporated on 27 July 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Il&Fs Securities Services has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹158.23 Cr; the latest was in September 2017.
The peers of Il&Fs Securities Services by revenue are Terrascope Ventures Limited, Premier Capital & Securities Private Limited, Essvee Urban Development Private Limited, Dhoot Industrial & Investment Company Pvt. Ltd, all in the BFSI industry (Broking Services), with the same principal business activity (other financial activities).
Dhruvil Pareshbhai Shah was appointed as CFO on 10 Nov 2022. Sandeepkumar Sarawgi ceased to be CFO on 19 May 2022. Anish Arun Shah ceased to be CFO on 14 Jan 2022. Il&Fs Securities Services has 33 board changes on record in total.
Il&Fs Securities Services can be reached through the website ilfsdp.com. Its registered office is in Mumbai, Maharashtra, India.