MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0124500
Image Equity (India) Private Limited
Image Equity (India) Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.43 Cr
▲ 28% YoY
Net profit · FY 2024
₹37.57 Lakh
Net margin 26.2%
EBITDA · FY 2024
₹55.15 Lakh
EBITDA margin 38.5%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Satisfied charges
₹15.06 Lakh
No open charges
Company age
27 yrs
Est. 1999
Directors on board
2
As per MCA filings
About Image Equity (India) Private Limited
Data last updated:
Image Equity (India) 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 23 August 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1999PTC121418. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Kailash Pratap Mariwala and Jaydeep Chatrabhuj Raigagla.
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 Techno Park, Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.43 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹37.57 Lakh (net margin 26.2%) and EBITDA of ₹55.15 Lakh (EBITDA margin 38.5%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 6% over five years.
As per MCA filings, the company has satisfied charges of ₹15.06 Lakh on record. The company has 1 deal on record (1 funding round), with disclosed funding of ₹40 Lakh; the latest was in December 2011.
Image Equity (India) Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0124500). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U67120MH1999PTC121418
Registration Number 121418
Incorporation Date 23 August 1999
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0124500
Recognitions & Rankings of Image Equity (India)
Contact details
Image Equity (India) Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1002 10th Floor Wadhava I.T. Techno Park Near Eskay Resort Link Road Borivli (W, Est), Mumbai, Maharashtra, India – 400092
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Image Equity (India) Private Limited, buy the company report.
Comprehensive company report
Image Equity (India) Private 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Image Equity (India) is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding |
To see the full business activity and turnover split of Image Equity (India) Private Limited, buy the company report.
Financials of Image Equity (India) Private Limited
FY 2025 filings availableImage Equity (India) Private Limited reported revenue of ₹1.43 Cr (up 28% YoY) for FY 2024.
Revenue · FY 2024
₹1.43 Cr ▲ 28%
Net profit · FY 2024
₹37.57 Lakh margin 26.2%
EBITDA · FY 2024
₹55.15 Lakh margin 38.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 28%
3 years · compounded
▼ 25%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▲ 13%
3 years · compounded
▼ 38%
5 years · compounded
▲ 119%
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 28% growth in the latest year. EBITDA rose 13% 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 | ₹55.15 Lakh | ||||
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| Net Profit (PAT) | ₹37.57 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.5% | ||||
| Net Profit Margin | 26.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Image Equity (India) Private Limited, buy the company report.
Board of directors of Image Equity (India) Private Limited
Image Equity (India) has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kailash Pratap Mariwala Also directs: K Mariwala LLP, Divine Shakti LLP | Director | 23 Aug 1999 | 27 Years 2 Months | Current |
| Jaydeep Chatrabhuj Raigagla Also directs: Green Leaf Valley View Amenities LLP, Raigagla Corporation LLP, Bavla Real Estate Advisory LLP and 1 more | Director | 23 Aug 1999 | 27 Years 2 Months | Current |
Auditor
Image Equity (India) Private Limited is audited by SANDEEP GHELANI & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANDEEP GHELANI & CO. | FY 2022 | 106192 |
Shareholding
The shareholding of Image Equity (India) 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 Image Equity (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹15.06 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Oct 2004 | 90149571 | Kotak Mahindra Bank Ltd. | ₹15.06 Lakh | Satisfied |
To see the full charge records of Image Equity (India) Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Image Equity (India) Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹40 Lakh; the latest was in December 2011.
Total deals
1
Funding round
1
Disclosed funding
₹40 Lakh
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2011 | Funding round | ₹40 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Image Equity (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Image Equity (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Image Equity (India) has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Image Equity (India) Private Limited, buy the company report.
Recent activity
Image Equity (India) Private Limited has 2 board changes on record since 1999: 2 appointments. The latest: Jaydeep Chatrabhuj Raigagla was appointed as Director on 23 Aug 1999.
AGM
Image Equity (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Image Equity (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge registered on 04 Oct 2004 via Charge ID 90149571 with Kotak Mahindra Bank Ltd. was fully satisfied on 12 Mar 2007.
Charges
A charge with Kotak Mahindra Bank Ltd. amounted to Rs. 15.06 Lakh with Charge ID 90149571 was registered on 04 Oct 2004.
Appointed
Jaydeep Chatrabhuj Raigagla was appointed as Director.
Appointed
Kailash Pratap Mariwala was appointed as Director.
Incorporation
23 Aug 1999
Image Equity (India) Private Limited was registered on 23 Aug 1999 with Roc Mumbai I & aged 27 years 2 months as per MCA records.
Frequently asked questions
Image Equity (India) 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 23 August 1999 (27+ years old) and is registered under CIN U67120MH1999PTC121418.
Image Equity (India) has 2 current directors:
- Kailash Pratap Mariwala - Director
- Jaydeep Chatrabhuj Raigagla - Director
The latest financial statements of Image Equity (India) 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.
No. Image Equity (India) has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Image Equity (India) is U67120MH1999PTC121418. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Image Equity (India) was incorporated on 23 August 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
Image Equity (India) has 1 deal on record (1 funding round), with disclosed funding of ₹40 Lakh; the latest was in December 2011.
Jaydeep Chatrabhuj Raigagla was appointed as Director on 23 Aug 1999. Kailash Pratap Mariwala was appointed as Director on 23 Aug 1999.
Yes, Image Equity (India) is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0124500).
The registered office of Image Equity (India) is at 1002 10th Floor Wadhava I.T. Techno Park Near Eskay Resort Link Road Borivli W, Est, Mumbai, Maharashtra, India – 400092.