
Indiverse Equity Research Private Limited
About Indiverse Equity Research Private Limited
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Indiverse Equity Research Private Limited is a private limited company based in Thrissur, Kerala, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 22 August 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U74900KL2007PTC021138.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20.01 Lakh. It was formerly known as Argus Equity Research Private Limited. It is led by directors Sanuj Rajan Kadavil (Managing Director) and Shijo Dominic.
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 9/363 Kadavil Building.Illikadu Kattoor P O, Thrissur, Kerala, India – 680702.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.58 Lakh, a decline of 43% compared to the previous year. For the same year it recorded a net profit of ₹4.38 Lakh (net margin 78.4%) and EBITDA of ₹4.79 Lakh (EBITDA margin 85.9%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 88% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Indiverse Equity Research Private Limited's registered office is in Thrissur, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address9/363 Kadavil Building.Illikadu Kattoor P O, Thrissur, Kerala, India – 680702
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Indiverse Equity Research 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 Indiverse Equity Research is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Indiverse Equity Research Private Limited, buy the company report.
Financials of Indiverse Equity Research Private Limited
FY 2025 filings availableIndiverse Equity Research Private Limited reported revenue of ₹5.58 Lakh (down 43% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 43% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 88%. EBITDA fell 44% 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 | ₹4.79 Lakh | ||||
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| Net Profit (PAT) | ₹4.38 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 85.9% | ||||
| Net Profit Margin | 78.4% | ||||
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To see the full financial statements and ratios of Indiverse Equity Research Private Limited, buy the company report.
Board of directors of Indiverse Equity Research Private Limited
Indiverse Equity Research has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanuj Rajan Kadavil | Managing Director | 22 Aug 2007 | 19 Years 2 Months | Current |
| Shijo Dominic | Director | 22 Aug 2007 | 19 Years 2 Months | Current |
Auditor
Indiverse Equity Research Private Limited is audited by ROY VARGHESE & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ROY VARGHESE & ASSOCIATES | FY 2018 | 006226S |
Shareholding
The shareholding of Indiverse Equity Research Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Indiverse Equity Research Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Indiverse Equity Research 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 Indiverse Equity Research 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 Indiverse Equity Research Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Indiverse Equity Research Private Limited has 3 board changes on record since 2007: 2 appointments and 1 cessation. The latest: Chandrachoodamani Nurani Venkiteswaran ceased to be Additional Director on 05 Dec 2016.
Frequently asked questions
Indiverse Equity Research is an active private limited company based in Thrissur, Kerala, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 22 August 2007 (19+ years old) and is registered under CIN U74900KL2007PTC021138.
Indiverse Equity Research has 2 current directors:
- Sanuj Rajan Kadavil - Managing Director
- Shijo Dominic - Director
The latest financial statements of Indiverse Equity Research 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 Indiverse Equity Research is U74900KL2007PTC021138. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indiverse Equity Research was incorporated on 22 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ernakulam.
Chandrachoodamani Nurani Venkiteswaran ceased to be Additional Director on 05 Dec 2016. Sanuj Rajan Kadavil was appointed as Managing Director on 22 Aug 2007. Shijo Dominic was appointed as Director on 22 Aug 2007.
The registered office of Indiverse Equity Research is at 9363 Kadavil Building.Illikadu Kattoor P O, Thrissur, Kerala, India – 680702.
Indiverse Equity Research operates in the financial services industry, in the brokerage and trading services segment.
The compliance status of Indiverse Equity Research is compliant as of 15 August 2026. The company is actively filing with the Registrar of Companies.
Yes. Indiverse Equity Research was formerly known as Argus Equity Research Private Limited.

