About Indira Securities Private Limited (TRF.)
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Indira Securities Private Limited (TRF.) 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 20 May 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1996PTC160201. Its GSTIN is 27AABCI2772F1ZO (Maharashtra). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹7.33 Cr. It was formerly known as Indira Securities Private Limited. It is led by directors including Dharmesh Khandelwal and Sanjay Chiranjilal 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 5 Indira House 3rd Floor Topiwala Lane Lamington Road, Mumbai, Maharashtra, India – 400007.
As per the financials filed for FY 2025, the company reported a revenue of ₹61.13 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹13.54 Cr (net margin 22.2%) and EBITDA of ₹22.95 Cr (EBITDA margin 37.5%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 24% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Indira Trade. As per MCA filings, the company has open charges of ₹108.29 Cr and satisfied charges of ₹193.01 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
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
CIN history
Indira Securities Private Limited (TRF.) has one previous CIN (Corporate Identification Number): U67120MH2006PTC160201. The current CIN is U67120MH1996PTC160201, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120MH1996PTC160201 | Current |
| U67120MH2006PTC160201 | Previous |
Contact details
Indira Securities Private Limited (TRF.)'s registered office is in Mumbai, Maharashtra. Its website is indiratrade.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address5 Indira House 3rd Floor Topiwala Lane Lamington Road, Mumbai, Maharashtra, India – 400007
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Indira Securities Private Limited (TRF.), 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
Indira Securities Private Limited (TRF.) operates one associated brand: Indira Trade. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides an app-based platform for multi-asset trading, facilitating efficient investment opportunities. | indiratrade.com |
Business activity
The main business activity of Indira Securities Private Limited (TRF.) is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| 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 |
To see the full business activity and turnover split of Indira Securities Private Limited (TRF.), buy the company report.
Financials of Indira Securities Private Limited (TRF.)
FY 2025 filings availableIndira Securities Private Limited (TRF.) reported revenue of ₹61.13 Cr (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 17% growth in the latest year. 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 | ₹22.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.54 Cr | ||||
| Balance Sheet | |||||
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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 | 37.5% | ||||
| Net Profit Margin | 22.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Indira Securities Private Limited (TRF.), buy the company report.
Board of directors of Indira Securities Private Limited (TRF.)
Indira Securities Private Limited (TRF.) has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharmesh Khandelwal Also directs: Indira Securities (Ifsc) Private Limited | Director | 06 Oct 2023 | 3 Years 0 Months | Current |
| Sanjay Chiranjilal Baxi | Director | 01 Jan 2009 | 17 Years 9 Months | Current |
| Vijit Vijay Ramavat Also directs: Ramavat Stocks LLP, Devajiva Realty LLP, Indira Assets and Realty Private Limited and 5 more | Director | 06 Oct 2023 | 3 Years 0 Months | Current |
| Navy Vijay Ramavat Also directs: Indira Assets and Realty Private Limited, Deepthink Ventures LLP, Thinkstone Capital Ifsc LLP and 3 more | Director | 21 Apr 2009 | 17 Years 6 Months | Current |
Peer comparison
Indira Securities Private Limited (TRF.) is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking 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 |
|---|---|---|---|---|---|---|
| Angel Commodities Broking Pvt Ltd | ₹61.93 Cr (FY 2017) | 9.0% | Mumbai, Maharashtra, India | |||
| Parim Finserv Private Limited | ₹61.47 Cr (FY 2025) | -7.0% | Surat, Gujarat, India | |||
| Indira Securities Private Limited (TRF.)this company | ₹61.13 Cr (FY 2025) | ₹13.54 Cr | 22.2% | 17.0% | Mumbai, Maharashtra, India | |
| Fortune Broking Intermediary Private Limited | ₹60.8 Cr (FY 2025) | 40.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Indira Securities Private Limited (TRF.), buy the company report.
Auditor
Indira Securities Private Limited (TRF.) is audited by GOVIND MANTRY and ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOVIND MANTRY and ASSOCIATES | FY 2022 | 08675C |
Shareholding
The shareholding of Indira Securities Private Limited (TRF.) 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 Indira Securities Private Limited (TRF.), buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jul 2025 | 101134015 | Axis Bank Limited | ₹1.05 Cr | Open | |
| 31 Jan 2025 | 101055030 | Others | ₹6 Cr | Open | |
| 20 Jan 2025 | 101036041 | Others | ₹1.24 Cr | Open | |
| 18 Jan 2023 | 100684202 | Hdfc Bank Limited | ₹70 Cr | Open | |
| 17 Aug 2022 | 100609395 | Others | ₹30 Cr | Open |
To see the full charge records of Indira Securities Private Limited (TRF.), buy the company report.
Total charge records: 13 View all charges
Legal cases
Indira Securities Private Limited (TRF.) has 2 court cases on record: 1 filed by Indira Securities Private Limited (TRF.), 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against individuals | Disposed |
To see the full case history of Indira Securities Private Limited (TRF.), 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indira Securities Private Limited (TRF.); the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Indira Securities Private Limited (TRF.) has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Indira Securities (Ifsc) Private Limited | U65990GJ2017PTC096153 |
To see the full group structure of Indira Securities Private Limited (TRF.), buy the company report.
GST
Indira Securities Private Limited (TRF.) has 5 GST registrations: 2 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI2772F1ZO | Maharashtra | Active | 19 Sep 2017 |
| 23AABCI2772F1ZW | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indira Securities Private Limited (TRF.), buy the company report.
Recent activity
Indira Securities Private Limited (TRF.) has 11 board changes on record since 2009: 4 appointments and 7 cessations. The latest: Dharmesh Khandelwal ceased to be Director on 14 Oct 2025.
27 earlier events are in the company report.
Frequently asked questions
Indira Securities Private Limited (TRF.) 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 20 May 1996 (30+ years old) and is registered under CIN U67120MH1996PTC160201.
Indira Securities Private Limited (TRF.) has 4 current directors:
- Dharmesh Khandelwal - Director
- Sanjay Chiranjilal Baxi - Director
- Vijit Vijay Ramavat - Director
- Navy Vijay Ramavat - Director
The latest financial statements of Indira Securities Private Limited (TRF.) 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 GSTIN of Indira Securities Private Limited (TRF.) is 27AABCI2772F1ZO, registered in Maharashtra. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 23AABCI2772F1ZW (Madhya Pradesh).
The CIN (Corporate Identification Number) of Indira Securities Private Limited (TRF.) is U67120MH1996PTC160201. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indira Securities Private Limited (TRF.) has 2 court cases on record: 1 filed by the company and 1 filed against it.
Indira Securities Private Limited (TRF.) was incorporated on 20 May 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Indira Securities Private Limited (TRF.) by revenue are Angel Commodities Broking Pvt Ltd, Parim Finserv Private Limited, Fortune Broking Intermediary Private Limited, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Dharmesh Khandelwal ceased to be Director on 14 Oct 2025. Anil Baxi ceased to be Director on 03 Jul 2025. Dharmesh Khandelwal was appointed as Director on 06 Oct 2023. Indira Securities Private Limited (TRF.) has 11 board changes on record in total.
Indira Securities Private Limited (TRF.) can be reached through the website indiratrade.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Indira Securities Private Limited (TRF.) is at 5 Indira House 3rd Floor Topiwala Lane Lamington Road, Mumbai, Maharashtra, India – 400007.
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