About Indiabulls Securities Limited
Data last updated:
Indiabulls Securities Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Dhani Services Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 30 October 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2003PLC122874. Its GSTIN is 07AABCI2081F1ZW (Delhi). The company holds 21 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹10.28 Cr. It was formerly known as Indiabulls Commodities Limited. It is led by directors including Ashu Khanna (Whole-Time Director) and Raj Kumar Gupta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 2 First Floor, Kirti Nagar, New Delhi, Delhi, India – 110015.
As per the financials filed for FY 2025, the company reported a revenue of ₹131.15 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹18.74 Cr (net margin 14.3%) and EBITDA of ₹46.48 Cr (EBITDA margin 35.4%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 1% over five years.
The company has about 84 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Dhani Stocks. As per MCA filings, the company has open charges of ₹58 Cr on record. Court records list 176 cases involving the company, including 122 filed by the company and 35 filed against it; 20 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 dhanistocks.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA – 2 First Floor, Kirti Nagar, New Delhi, Delhi, India – 110015
- IndustryFinancial Services, Brokerage & Trading Services
- 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
- One PDF report, delivered after checkout
Business Activity of Indiabulls Securities Limited
The main business activity of Indiabulls Securities is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Indiabulls Securities Limited FY 2025 filings available
Indiabulls Securities Limited reported revenue of ₹131.15 Cr (up 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Indiabulls Securities Limited
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 16% growth in the latest year. EBITDA rose 40% 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 of Indiabulls Securities Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹46.48 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹18.74 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Indiabulls Securities Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 35.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Indiabulls Securities are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Indiabulls Securities Limited
Indiabulls Securities Limited is compared with the companies closest to it by revenue in the BFSI industry (Broking Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Astha Credit and Securities Private Limited | ₹133.45 Cr (FY 2024) | •••• | •••• | 78.0% | •••• | Bhopal, Madhya Pradesh, India |
| Atex Overseas Pvt Ltd | ₹132.58 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Starrise Mercantile Private Limited | ₹132.57 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | Ichalkaranji, Maharashtra, India |
| Standard Chartered Securities (India) Limited | ₹132.17 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Mumbai, Maharashtra, India |
| Ambit Wealth Private Limited | ₹131.57 Cr (FY 2025) | •••• | •••• | 114.0% | •••• | Mumbai, Maharashtra, India |
| Indiabulls Securities Limited this company | ₹131.15 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | New Delhi, Delhi, India |
| Zerodha Commodities Private Limited | ₹131.04 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Bangalore, Karnataka, India |
| Nipra Trading Private Limited | ₹130.64 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Yashaswi Vyapaar Private Limited | ₹130.53 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Surat, Gujarat, India |
| Ohm International Share Broker Private Limited | ₹130.49 Cr (FY 2025) | •••• | •••• | 167.0% | •••• | Patna, Bihar, India |
| Integrated Master Securities Private Limited | ₹129.68 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Indiabulls Securities by revenue in the BFSI industry (Broking Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Indiabulls Securities Limited
Indiabulls Securities Limited is audited by A Sardana & Co. for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A Sardana & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Indiabulls Securities Limited
Indiabulls Securities has 4 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Divyesh Bharatkumar Shah Also directs: Indiabulls Limited | Director | 21 Oct 2008 | 17 Years 11 Months | Current |
| Ashu Khanna | Whole-Time Director | 02 Mar 2023 | 3 Years 7 Months | Current |
| Prem Prakash Mirdha | Director | 27 Mar 2025 | 1 Years 6 Months | Current |
| Raj Kumar Gupta | Whole-Time Director | 18 Jul 2023 | 3 Years 2 Months | Current |
Ownership and Shareholding of Indiabulls Securities Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Indiabulls Securities Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Aug 2025 | Indian Bank | ₹18 Cr | Open |
| 27 Jan 2022 | Hdfc Bank Limited | ₹40 Cr | Open |
Total charge records: 2 View all charges
Legal Cases of Indiabulls Securities Limited
Indiabulls Securities Limited has 176 court cases on record: 122 filed by Indiabulls Securities, 35 filed against it, 19 where it is another party. 20 cases are pending and 156 are disposed. Status as checked between 23 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 161 | 32 | 17 |
| High courts | 15 | 3 | 3 |
Cases on record (5 of 176)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Arbitration matter | Filed against the company by Veea Fiscal Services Pvt Ltd | Pending |
| District court, South East, Delhi | Criminal case | Filed against the company by Sahota Info Private Limited | Disposed |
| District court, Calcutta, West Bengal | Interim or miscellaneous application | Filed by the company against Iee International Limited | Disposed |
| Madras High Court | Petition | Filed by the company against Green Gardens Private Limited | Disposed |
| Calcutta High Court | Arbitration matter | Filed against the company by Mittal Smelter Private Limited | Disposed |
Full case history
All 176 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Indiabulls Securities Limited
Indiabulls Securities operates one associated brand: Dhani Stocks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online brokerage for stock trading, portfolio management, and IPO applications in India. | dhanistocks.com |
Employees and EPFO Compliance at Indiabulls Securities Limited
Indiabulls Securities Limited has a workforce of 84 employees as of Mar 27, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Indiabulls Securities Limited
Indiabulls Securities has undergone 3 name changes throughout its history. The company was previously known as Indiabulls Securities Limited, Indiabulls Commodities Limited, and Indiabulls Commodities Private Limited. The current legal name is Indiabulls Securities Limited.
| Company Name | Status |
|---|---|
| Indiabulls Securities Limited | Current |
| Indiabulls Commodities Limited | Previous |
| Indiabulls Commodities Private Limited | Previous |
CIN History of Indiabulls Securities Limited
Indiabulls Securities has one previous CIN (Corporate Identification Number): U74999DL2003PTC122874. The current CIN is U74999DL2003PLC122874, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999DL2003PLC122874 | Current |
| U74999DL2003PTC122874 | Previous |
News related to Indiabulls Securities Limited
Recent Activity on Indiabulls Securities Limited
Indiabulls Securities Limited has 23 board changes on record since 2008: 4 appointments and 19 cessations. The latest: Prem Prakash Mirdha ceased to be Additional Director on 21 Sep 2025.
17 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Indiabulls Securities Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Indiabulls Securities Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Indiabulls Securities Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Indiabulls Securities Limited
Indiabulls Securities has 21 GST registrations: 11 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCI2081F1ZW | Delhi | Active | 01 Jul 2017 |
| 07AABCI2081F2ZV | Delhi | Active | 01 Jul 2024 |
| 09AABCI2081F1ZS | Uttar Pradesh | Active | 01 Jul 2017 |
| 27AABCI2081F1ZU | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Indiabulls Securities Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Indiabulls Securities Limited
Indiabulls Securities is an active public limited company based in New Delhi, Delhi, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 30 October 2003 (23+ years old) and is registered under CIN U74999DL2003PLC122874.
Indiabulls Securities reported revenue of ₹131.15 Cr for FY 2025 (up 16% YoY).
Indiabulls Securities has 4 current directors:
- Ashu Khanna - Whole-Time Director
- Raj Kumar Gupta - Whole-Time Director
- Divyesh Bharatkumar Shah - Director
- Prem Prakash Mirdha - Director
Indiabulls Securities reported a net profit of ₹18.74 Cr (net margin 14.3%) and EBITDA of ₹46.48 Cr (EBITDA margin 35.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Indiabulls Securities is 11% over three years and 1% over five years. In the latest year (FY 2025) revenue rose 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Indiabulls Securities is 07AABCI2081F1ZW, registered in Delhi. The company has 21 GST registrations in all, of which 11 are active and 10 are cancelled or inactive. Other active GSTINs include 07AABCI2081F2ZV (Delhi), 09AABCI2081F1ZS (Uttar Pradesh), 27AABCI2081F1ZU (Maharashtra).
The CIN (Corporate Identification Number) of Indiabulls Securities is U74999DL2003PLC122874. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indiabulls Securities has 176 court cases on record: 122 filed by the company and 35 filed against it. 20 are pending. Most are in the district courts.
Indiabulls Securities was incorporated on 30 October 2003, making it 23+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Indiabulls Securities by revenue are Astha Credit and Securities Private Limited, Atex Overseas Pvt Ltd, Starrise Mercantile Private Limited, Standard Chartered Securities (India) Limited, Ambit Wealth Private Limited and 5 more, all in the BFSI industry (Broking Services).
Prem Prakash Mirdha ceased to be Additional Director on 21 Sep 2025. Prem Prakash Mirdha was appointed as Director on 27 Mar 2025. Ashu Khanna ceased to be Additional Director on 25 Sep 2023. Indiabulls Securities has 23 board changes on record in total.