About India Advantage Securities Private Limited
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India Advantage Securities Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 11 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH2005PTC330726. Its GSTIN is 27AADCP5317M2Z4 (Maharashtra).
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹8.65 Cr. It was formerly known as Pravin Mehta Securities Private Limited and India Advantage Securities Limited. It is led by directors including Pravin Dhanjibhai Mehta (Managing Director) and Vineet Pravin Mehta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 4th Floor Om Plaza Building Vasanji Lalji Road Opp Railway Station Kandivali West, Mumbai, Maharashtra, India – 400067.
As per the financials filed for FY 2025, the company reported a revenue of ₹26.83 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net profit of ₹2.59 Cr (net margin 9.6%) and EBITDA of ₹5.17 Cr (EBITDA margin 19.3%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 4% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: India Advantage. As per MCA filings, the company has open charges of ₹41.22 Cr and satisfied charges of ₹16.63 Cr on record. Court records list 10 cases involving the company, including 3 filed by the company and 7 filed against it. The company has 14 deals on record (9 secondary share transfers, 5 funding rounds), with disclosed funding of ₹25.69 Cr; the latest was in September 2016. Its 3 peer companies in the BFSI industry (Other Financial Services), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 3 larger; the largest is Indorient Financial Services Limited with revenue of ₹27.11 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 indiaadvantage.co.in.
Company details
Name history
India Advantage Securities has undergone 2 name changes throughout its history. The company was previously known as Pravin Mehta Securities Private Limited, and India Advantage Securities Limited. The current legal name is India Advantage Securities Private Limited.
| Company Name | Status |
|---|---|
| India Advantage Securities Private Limited | Current |
| Pravin Mehta Securities Private Limited | Previous |
| India Advantage Securities Limited | Previous |
CIN history
India Advantage Securities has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U67120MH2005PTC330726, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120MH2005PTC330726 | Current |
| U67120DD2005PTC004675 | Previous |
| U67120DD2005PLC004675 | Previous |
| U67120MH2005PLC151910 | Previous |
Contact details
India Advantage Securities Private Limited's registered office is in Mumbai, Maharashtra. Its website is indiaadvantage.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4th Floor Om Plaza Building Vasanji Lalji Road Opp Railway Station Kandivali West, Mumbai, Maharashtra, India – 400067
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of India Advantage Securities Private 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
India Advantage Securities operates one associated brand: India Advantage. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive financial advisory and management services to support client growth and stability. | indiaadvantage.co.in |
Business activity
The main business activity of India Advantage Securities is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| 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 | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of India Advantage Securities Private Limited, buy the company report.
Financials of India Advantage Securities Private Limited
FY 2024 filings availableIndia Advantage Securities Private Limited reported revenue of ₹26.83 Cr (down 49% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 49% fall in the latest year. EBITDA fell 47% 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 | ₹5.17 Cr | ||||
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| Net Profit (PAT) | ₹2.59 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.3% | ||||
| Net Profit Margin | 9.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of India Advantage Securities Private Limited, buy the company report.
Board of directors of India Advantage Securities Private Limited
India Advantage Securities has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pravin Dhanjibhai Mehta | Managing Director | 11 Mar 2005 | 21 Years 7 Months | Current |
| Pallavi Pravin Mehta Also directs: India Advantage Commodities Private Limited | Director | 11 Mar 2005 | 21 Years 7 Months | Current |
| Vineet Pravin Mehta | Whole-Time Director | 11 Oct 2011 | 15 Years 0 Months | Current |
Peer comparison
India Advantage Securities Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial 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 |
|---|---|---|---|---|---|---|
| Indorient Financial Services Limited | ₹27.11 Cr (FY 2025) | 141.0% | New Delhi, Delhi, India | |||
| Royal Finserv Consultants Private Limited | ₹27.1 Cr (FY 2023) | -9.0% | Lucknow, Uttar Pradesh, India | |||
| Reliant Facilitator Private Limited | ₹26.89 Cr (FY 2025) | 2.0% | Agra, Uttar Pradesh, India | |||
| India Advantage Securities Private Limitedthis company | ₹26.83 Cr (FY 2025) | ₹2.59 Cr | 9.6% | -49.0% | 14 | Mumbai, Maharashtra, India |
To see the full peer comparison of India Advantage Securities Private Limited, buy the company report.
Auditor
India Advantage Securities Private Limited is audited by Varun Golechha & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Varun Golechha & Associates | FY 2023 | 0140302W |
Shareholding
The shareholding of India Advantage Securities Private 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 India Advantage Securities Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Mar 2025 | 101061465 | Others | ₹3 Cr | Open | |
| 21 May 2024 | 100929485 | Others | ₹22.34 Lakh | Open | |
| 22 Feb 2008 | 10106214 | Union Bank of India | ₹38 Cr | Open | |
| 26 Oct 2021 | 100494608 | Others | ₹10 Cr | Satisfied | |
| 13 Feb 2017 | 100091683 | Others | ₹5 Cr | Satisfied |
To see the full charge records of India Advantage Securities Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
India Advantage Securities Private Limited has 14 deals on record (9 secondary share transfers, 5 funding rounds), with disclosed funding of ₹25.69 Cr; the latest was in September 2016.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Seller: India Advantage Academy Private Limited , Allround Consultancy Services India Private Limited , Permanent Vyapaar Pvt Ltd , an individual |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: Allround Consultancy Services India Private Limited , an individual Seller: 4 individuals |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: Allround Consultancy Services India Private Limited , Permanent Vyapaar Pvt Ltd , Mehta Trend Analysis Consultancy Private Limited Seller: 4 individuals |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: Purva Consultancy Services Private Limited , Permanent Vyapaar Pvt Ltd , India Advantage Academy Private Limited , an individual Seller: Indiaadvantagefinancepvt.Ltd, Others-India Advantage Securities Pvt Ltd, 2 individuals |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
To see the full deal history of India Advantage Securities Private 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
India Advantage Securities Private Limited has 10 court cases on record: 3 filed by India Advantage Securities, 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 6 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Court case (Reg Dkst) | Filed against the company by an individual | Disposed |
| District court, Allahabad, Uttar Pradesh | Court case (RESTORATION MISC.) | Filed against the company by an individual | Disposed |
| District court, Allahabad, Uttar Pradesh | Court case (RESTORATION MISC.) | Filed against the company by an individual | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by The Commissioner of Income Tax-9, Mumbai, | Disposed |
| District court, Allahabad, Uttar Pradesh | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of India Advantage Securities Private 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
India Advantage Securities Private Limited was last rated by Brickwork on 27 Jan 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 27 Jan 2020 |
To see the full credit ratings and regulatory alerts of India Advantage Securities Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for India Advantage Securities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
India Advantage Securities Private Limited has a workforce of 14 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
India Advantage Securities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP5317M2Z4 | Maharashtra | Active | 25 Mar 2025 |
To see the full GST registrations and return filing status of India Advantage Securities Private Limited, buy the company report.
Recent activity
India Advantage Securities Private Limited has 15 board changes on record since 2005: 3 appointments and 12 cessations. The latest: Mario Braganza ceased to be Additional Director on 17 Mar 2016.
16 earlier events are in the company report.
Frequently asked questions
India Advantage Securities is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 11 March 2005 (21+ years old) and is registered under CIN U67120MH2005PTC330726.
India Advantage Securities has 3 current directors:
- Pravin Dhanjibhai Mehta - Managing Director
- Vineet Pravin Mehta - Whole-Time Director
- Pallavi Pravin Mehta - Director
The latest financial statements of India Advantage Securities on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of India Advantage Securities is 27AADCP5317M2Z4, registered in Maharashtra.
The CIN (Corporate Identification Number) of India Advantage Securities is U67120MH2005PTC330726. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
India Advantage Securities has 10 court cases on record: 3 filed by the company and 7 filed against it. Most are in the district courts.
India Advantage Securities was incorporated on 11 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
India Advantage Securities has 14 deals on record (9 secondary share transfers, 5 funding rounds), with disclosed funding of ₹25.69 Cr; the latest was in September 2016.
The peers of India Advantage Securities by revenue are Indorient Financial Services Limited, Royal Finserv Consultants Private Limited, Reliant Facilitator Private Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Mario Braganza ceased to be Additional Director on 17 Mar 2016. Ramnath Dattatray Medane ceased to be Additional Director on 17 Mar 2016. Bharat Babulal Gandhi ceased to be Additional Director on 29 Sep 2012. India Advantage Securities has 15 board changes on record in total.
India Advantage Securities can be reached through the website indiaadvantage.co.in. Its registered office is in Mumbai, Maharashtra, India.