Ivy Product Intermediaries Limited
About Ivy Product Intermediaries Limited
Data last updated:
Ivy Product Intermediaries Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Kotak Mahindra Bank Limited. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 04 February 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U85110MH1987PLC294572. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹2.21 Cr. It was formerly known as Ing Vysya Financial Services Limited. It is led by directors including Dharmesh Rupani and Sanjay Dharmadatt Bhatt.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 27 BKC C 27 G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹48.29 Lakh, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹24.52 Lakh (net margin 50.8%) and EBITDA of ₹37.2 Lakh (EBITDA margin 77%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 4% over five years.
As per MCA filings, the company has open charges of ₹1.4 Cr on record. Court records list 18 cases involving the company, including 14 filed by the company and 4 filed against it. The company has 1 deal on record (1 secondary share transfer); the latest was in June 2016.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Ivy Product Intermediaries has one previous CIN (Corporate Identification Number): U85110KA1987PLC008144. The current CIN is U85110MH1987PLC294572, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110MH1987PLC294572 | Current |
| U85110KA1987PLC008144 | Previous |
Contact details
Ivy Product Intermediaries Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address27 BKC C 27 G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Ivy Product Intermediaries 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 Ivy Product Intermediaries 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 Ivy Product Intermediaries Limited, buy the company report.
Financials of Ivy Product Intermediaries Limited
FY 2025 filings availableIvy Product Intermediaries Limited reported revenue of ₹48.29 Lakh (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 6% growth in the latest year. EBITDA fell 16% 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 | ₹37.2 Lakh | ||||
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| Net Profit (PAT) | ₹24.52 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 | 77% | ||||
| Net Profit Margin | 50.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ivy Product Intermediaries Limited, buy the company report.
Board of directors of Ivy Product Intermediaries Limited
Ivy Product Intermediaries has 3 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharmesh Rupani | Additional Director | 21 Mar 2025 | 1 Years 7 Months | Current |
| Sanjay Dharmadatt Bhatt | Additional Director | 22 May 2025 | 1 Years 5 Months | Current |
| Prasad Narhari Lanke | Additional Director | 22 May 2025 | 1 Years 5 Months | Current |
Auditor
Ivy Product Intermediaries Limited is audited by V. C. Shah & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. C. Shah & Co. | FY 2023 | 109818W |
Shareholding
The shareholding of Ivy Product Intermediaries 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 Ivy Product Intermediaries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Mar 1989 | 90190401 | The Vysya Bank Ltd. | ₹1.3 Cr | Open | |
| 01 Jul 1988 | 90190295 | The Karur Vysya Bank Ltd. | ₹10 Lakh | Open |
To see the full charge records of Ivy Product Intermediaries Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Ivy Product Intermediaries Limited has 1 deal on record (1 secondary share transfer); the latest was in June 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2016 | Secondary share transfer | Undisclosed | Buyer: Kotak Mahindra Bank Limited Seller: Vysya Bank Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ivy Product Intermediaries Limited has 18 court cases on record: 14 filed by Ivy Product Intermediaries, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 2 | 0 |
| High courts | 8 | 2 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed by the company against M/S Recondo Limited | Disposed |
| High Court of Karnataka | Court case (CRL.P) | Filed against the company by Vijayakumar Mills Ltd | Disposed |
| High Court of Karnataka | Court case (CRL.RP) | Filed by the company against M/S Indiana Dairy Specialities Ltd | Disposed |
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed by the company against Ms. Bellary Steels and Alloys Ltd., and 7 others | Disposed |
| High Court of Karnataka | Court case (CRL.RP) | Filed by the company against Salem Textiles Ltd and 1 other | Disposed |
To see the full case history of Ivy Product Intermediaries 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ivy Product Intermediaries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ivy Product Intermediaries Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
Ivy Product Intermediaries has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ivy Product Intermediaries Limited, buy the company report.
Recent activity
Ivy Product Intermediaries Limited has 24 board changes on record since 2008: 6 appointments and 18 cessations. The latest: Prasad Narhari Lanke was appointed as Additional Director on 22 May 2025.
19 earlier events are in the company report.
Frequently asked questions
Ivy Product Intermediaries is an active public limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 04 February 1987 (39+ years old) and is registered under CIN U85110MH1987PLC294572.
Ivy Product Intermediaries has 3 current directors:
- Dharmesh Rupani - Additional Director
- Sanjay Dharmadatt Bhatt - Additional Director
- Prasad Narhari Lanke - Additional Director
The latest financial statements of Ivy Product Intermediaries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
No. Ivy Product Intermediaries has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Ivy Product Intermediaries is U85110MH1987PLC294572. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ivy Product Intermediaries has 18 court cases on record: 14 filed by the company and 4 filed against it. Most are in the district courts.
Ivy Product Intermediaries was incorporated on 04 February 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Ivy Product Intermediaries has 1 deal on record (1 secondary share transfer); the latest was in June 2016.
Prasad Narhari Lanke was appointed as Additional Director on 22 May 2025. Sanjay Dharmadatt Bhatt was appointed as Additional Director on 22 May 2025. Dharmesh Rupani was appointed as Additional Director on 21 Mar 2025. Ivy Product Intermediaries has 24 board changes on record in total.
The registered office of Ivy Product Intermediaries is at 27 BKC C 27 G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
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