About Indira Financial Services Private Limited
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Indira Financial Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 05 September 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65190MH2013PTC247895.
The company has an authorised share capital of ₹5.25 Cr and a paid-up capital of ₹3 Cr. It is led by directors Sanjay Chiranjilal Baxi (Whole-Time Director) and Shikha Baxi.
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 Indira House 3rd Floor Topiwala Lane Limngton Road, Mumbai, Maharashtra, India – 400006.
As per the financials filed for FY 2025, the company reported a revenue of ₹61.39 Lakh, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹22.87 Lakh (net margin 37.3%) and EBITDA of ₹35.23 Lakh (EBITDA margin 57.4%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 20% over five years.
As per MCA filings, the company has satisfied charges of ₹5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indiratrade.com.
Company details
Contact details
Indira Financial Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is indiratrade.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Apps
- Registered AddressIndira House 3rd Floor Topiwala Lane Limngton Road, Mumbai, Maharashtra, India – 400006
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Indira Financial Services 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
Business activity
The main business activity of Indira Financial Services is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Indira Financial Services Private Limited, buy the company report.
Financials of Indira Financial Services Private Limited
FY 2025 filings availableIndira Financial Services Private Limited reported revenue of ₹61.39 Lakh (down 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 23% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 20%. EBITDA rose 11% 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 | ₹35.23 Lakh | ||||
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| Net Profit (PAT) | ₹22.87 Lakh | ||||
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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 | 57.4% | ||||
| Net Profit Margin | 37.3% | ||||
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To see the full financial statements and ratios of Indira Financial Services Private Limited, buy the company report.
Board of directors of Indira Financial Services Private Limited
Indira Financial Services has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Chiranjilal Baxi Also directs: Bairavi Multi Trading Private Limited, Indira Securities (Ifsc) Private Limited, Trapeza Securities Private Limited and 3 more | Whole-Time Director | 05 Feb 2018 | 8 Years 9 Months | Current |
| Shikha Baxi | Director | 25 May 2016 | 10 Years 5 Months | Current |
Peer comparison
Indira Financial Services Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Citrus Securities Private Limited | ₹61.54 Lakh (FY 2025) | -80.0% | Bangalore, Karnataka, India | |||
| Kanta Credits and Holding Private Limited | ₹61.51 Lakh (FY 2025) | -15.0% | New Delhi, Delhi, India | |||
| Deepak Jyoti Developers Pvt Ltd | ₹61.46 Lakh (FY 2025) | 53.0% | Kolkata, West Bengal, India | |||
| Indira Financial Services Private Limitedthis company | ₹61.39 Lakh (FY 2025) | ₹22.87 Lakh | 37.3% | -23.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Indira Financial Services Private Limited, buy the company report.
Auditor
Indira Financial Services Private Limited is audited by J VAGERIYA & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J VAGERIYA & ASSOCIATES | FY 2020 | 124193W |
Shareholding
The shareholding of Indira Financial Services Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Indira Financial Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2017 | 100121903 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Indira Financial Services Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Indira Financial Services 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 Indira Financial Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Indira Financial Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Indira Financial Services Private Limited has 8 board changes on record since 2014: 2 appointments and 6 cessations. The latest: Divya Ramavat ceased to be Director on 06 Aug 2019.
1 earlier event is in the company report.
Frequently asked questions
Indira Financial Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 05 September 2013 (13+ years old) and is registered under CIN U65190MH2013PTC247895.
Indira Financial Services has 2 current directors:
- Sanjay Chiranjilal Baxi - Whole-Time Director
- Shikha Baxi - Director
The latest financial statements of Indira Financial Services 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.
The CIN (Corporate Identification Number) of Indira Financial Services is U65190MH2013PTC247895. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indira Financial Services was incorporated on 05 September 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Indira Financial Services by revenue are Citrus Securities Private Limited, Kanta Credits and Holding Private Limited, Deepak Jyoti Developers Pvt Ltd, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (activities auxiliary to financial service and insurance activities).
Divya Ramavat ceased to be Director on 06 Aug 2019. Sanjay Chiranjilal Baxi ceased to be Additional Director on 12 Sep 2018. Ajay Mittal ceased to be Director on 01 Aug 2018. Indira Financial Services has 8 board changes on record in total.
Indira Financial Services can be reached through the website indiratrade.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Indira Financial Services is at Indira House 3rd Floor Topiwala Lane Limngton Road, Mumbai, Maharashtra, India – 400006.
Indira Financial Services operates in the financial services industry, in the investment and credit nbfc segment.
Indira Financial Services has no open charges and satisfied charges of ₹5 Cr as per latest MCA filings.
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