Indbank Merchant Banking Services Limited - Company Profile

It is a financial services public limited company based in Chennai, Tamil Nadu, India, established in 1989.

1989 Chennai, Tamil Nadu, India Active

Last Updated: December 22, 2025

About Indbank Merchant Banking Services Limited

Indbank Merchant Banking Services Limited, a active public limited company, was established on 11 August 1989 in Chennai, Tamil Nadu, India. Engaging in investment banking & advisory within the financial and insurance service sector, it holds CIN: L65191TN1989PLC017883. Registered under ROC Roc Chennai. it is listed on BSE: 511473 and NSE: INDBANK. It has an authorized capital of ₹100.00 Cr and a paid-up capital of ₹44.38 Cr.

It upholds a compliant status. In 2023, it reported revenue of ₹21.35 Cr and a net worth of ₹74.51 Cr. Employing 97 professional, Its leadership includes Padma Sridharan (Director), Haribabu (Whole-Time Director), Sunil Jain (Nominee Director). Past directors included Varanasi Ramagopal, Raja Jesudoss Chelliah, Parthasarathy Mugundan. It holds ₹60.00 Cr open charges and no settled loans. Its latest AGM occurred on 18 September 2025, with the balance sheet filed on 31 March 2025. It is based at I Floor, Khivraj Complex I No.480, Anna Salai, Nandanam, Chennai, Tamil Nadu, 600035.

Company Details

CIN/LLPIN
L65191TN1989PLC017883
Registration Number
017883
Incorporation Date
11 August 1989
Authorized Capital
₹100.00 Cr
Paid-Up Capital
₹44.38 Cr
ROC Code
Roc Chennai
Listing Status
Listed (BSE: 511473, NSE: INDBANK)
Company Status
Active

Key Metrics

Authorised Capital ₹ 100.00 Cr as on 22-12-2025
Paid Up Capital ₹ 44.38 Cr as on 22-12-2025
Company Age 36 Year, 6 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 60.00 Cr as on 22-12-2025
Revenue Growth **** -12.96% (FY 2023)
Profit Growth **** -49.71% (FY 2023)
Ebitda **** -3.02% (FY 2023)
Net Worth 4.74% (FY 2023)
Total Assets **** 2.84% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Indbank Merchant Banking Services 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 Indbank Merchant Banking Services Limited?

Current Directors

Name	Designation	Appointment Date	Status
Padma Sridharan	Director	17 Aug 2024	Current
Haribabu	Whole-Time Director	28 Feb 2022	Current
Sunil Jain	Nominee Director	22 Jul 2022	Current
Vaijinath Gavarshetty	Director	19 Jul 2019	Current
Vadakke Anavanghot Prasanth	Director	17 Aug 2024	Current
Ashutosh Choudhury	Nominee Director	20 Jun 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	03 Jun 2011	Past
Pramod Abcsdd	Director	07 Apr 2009	Past
Pramod Abcsdd	Company Secretary	30 Jun 2012	Past
Pramod Abcsdd	Whole-Time Director	26 May 2011	Past
Pramod Abcsdd	Additional Director	29 Sep 2020	Past
Pramod Abcsdd	Whole-Time Director	21 Oct 2008	Past

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Financial Performance of Indbank Merchant Banking Services.

Indbank Merchant Banking Services Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 12.96% decrease. The company also saw a substantial fall in profitability, with a 49.71% decrease in profit. The company's net worth moved up by a moderate rise of 4.74%.

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

********

-12.96%

*******

Revenue from Operations

*******

3.59%

*******

Total Assets

*******

2.84%

*******

Profit or Loss

*******

-49.71%

*******

Net Worth

*******

4.74%

*******

EBITDA

*******

-3.02%

*******

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What is the Ownership and Shareholding Structure of Indbank Merchant Banking Services?

In 2023, Indbank Merchant Banking Services had a promoter holding of 64.84% and a public holding of 35.16%. 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

₹600,000,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

South Indian Bank Ltd. : 40.00 Cr
The Federal Bank Ltd. : 20.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
14 Feb 1998	South Indian Bank Ltd.	₹40.00 Cr	Open
15 Dec 1994	The Federal Bank Ltd.	₹20.00 Cr	Open

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How Many Employees Work at Indbank Merchant Banking Services?

Indbank Merchant Banking Services has a workforce of 97 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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 Indbank Merchant Banking Services, 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 Indbank Merchant Banking Services'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 Indbank Merchant Banking Services

Recent Activity within the Organization

Annual General Meeting

Progress on Indbank Merchant Banking Services Limited last Annual general meeting of members was held on 18 Sep 2025 as per latest MCA records. was documented.
18 Sep 2025
Director Appointment

Progress on Mamidi Srinivasan Balaji was appointed as a Cfo was appointed as a Cfo on 13 Aug 2025 & has been associated with this company since 6 months 23 days . was documented.
13 Aug 2025
Balance Sheet

The activity Indbank Merchant Banking Services Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai. was completed.
31 Mar 2025
Director Appointment

The activity Padma Sridharan was appointed as a Director was appointed as a Director on 17 Aug 2024 & has been associated with this company since 1 year 6 months . was completed.
17 Aug 2024
Director Appointment

Vadakke Anavanghot Prasanth was appointed as a Director was appointed as a Director on 17 Aug 2024 & has been associated with this company since 1 year 6 months . was recorded as a recent event.
17 Aug 2024
Director Appointment

Ashutosh Choudhury was appointed as a Nominee Director was appointed as a Nominee Director on 20 Jun 2024 & has been associated with this company since 1 year 8 months . was recorded as a recent event.
20 Jun 2024

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