India's Richest People 2026 edition · 1 director · Source: Hurun India
- #425 Sudhir V Valia & family ₹8,800 Cr
Revenue · FY 2026
₹29.02 Lakh
▼ 73% YoY
Net loss · FY 2026
₹13.43 Lakh
Net margin -46.3%
EBITDA · FY 2026
-₹15.11 Lakh
EBITDA margin -52.1%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
4
As per MCA filings
Active GSTINs
1
GST registered
About Iti Mutual Fund Trustee Private Limited
Data last updated:
Iti Mutual Fund Trustee Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of The Investment Trust Of India Limited. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 24 October 2016 and has been in existence for over 10 years.
Its director Sudhir V Valia and family are #425 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65999MH2016PTC287077. Its GSTIN is 27AAECI3214M1ZJ (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Tilokchand Punamchand Ostwal and Sudhir Vrundavandas Valia.
Its last annual general meeting (AGM) was held on 31 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Iti House 36 Dr. R. K. Shirodkar Marg Parel, Mumbai, Maharashtra, India – 400012.
As per the financials filed for FY 2026, the company reported a revenue of ₹29.02 Lakh, a decline of 73% compared to the previous year. For the same year it recorded a net loss of ₹13.43 Lakh (net margin -46.3%) and EBITDA of -₹15.11 Lakh (EBITDA margin -52.1%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 9% over five years.
The company is associated with 1 brand: Iti Mf. The company has 1 deal on record (1 rights issue); the latest was in January 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website itimf.com.
Company details
CIN U65999MH2016PTC287077
Registration Number 287077
Incorporation Date 24 October 2016
ROC Mumbai
Listing Status Unlisted
Company Status Active
Parent Company The Investment Trust Of India Limited
Compliance Status Active Compliant
Key People
Tilokchand Punamchand Ostwal Director Sudhir Vrundavandas Valia Director Naushad Alimohmed Panjwani Director Recognitions & Rankings of Iti Mutual Fund Trustee
Contact details
Iti Mutual Fund Trustee Private Limited's registered office is in Mumbai, Maharashtra. Its website is itimf.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressIti House 36 Dr. R. K. Shirodkar Marg Parel, Mumbai, Maharashtra, India – 400012
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Iti Mutual Fund Trustee Private Limited, buy the company report.
Comprehensive company report
Iti Mutual Fund Trustee Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Iti Mutual Fund Trustee 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 Iti Mutual Fund Trustee Private Limited, buy the company report.
Financials of Iti Mutual Fund Trustee Private Limited
FY 2026 filings availableIti Mutual Fund Trustee Private Limited reported revenue of ₹29.02 Lakh (down 73% YoY) for FY 2026.
Revenue · FY 2026
₹29.02 Lakh ▼ 73%
Net loss · FY 2026
₹13.43 Lakh margin -46.3%
EBITDA · FY 2026
-₹15.11 Lakh margin -52.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 73%
3 years · compounded
▼ 13%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 123%
Revenue fell 73% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 123% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹29.02 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹15.11 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.43 Lakh | ||||
| 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -52.1% | ||||
| Net Profit Margin | -46.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Iti Mutual Fund Trustee Private Limited, buy the company report.
Board of directors of Iti Mutual Fund Trustee Private Limited
Iti Mutual Fund Trustee has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tilokchand Punamchand Ostwal Also directs: T.P.Ostwal & Associates LLP, T P Ostwal Maheshwari & Associates LLP, Polycab India Limited and 5 more | Director | 13 Jul 2018 | 8 Years 4 Months | Current |
| Sudhir Vrundavandas Valia | Director | 24 Oct 2016 | 10 Years 0 Months | Current |
| Naushad Alimohmed Panjwani Also directs: Wadhwagroup Holdings Private Limited, Mandarus Partners LLP, Fabtech Technologies Limited and 2 more | Director | 05 Jun 2017 | 9 Years 5 Months | Current |
| Priti Paras Savla Also directs: Pitti Engineering Limited, Irb Infrastructure Developers Limited, Vikran Engineering Limited and 5 more | Director | 05 Dec 2018 | 7 Years 11 Months | Current |
Auditor
Iti Mutual Fund Trustee Private Limited is audited by SHBA & CO LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHBA & CO LLP | FY 2026 | 101046W/W100063 |
Shareholding
The shareholding of Iti Mutual Fund Trustee Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Iti Mutual Fund Trustee Private Limited, buy the company report.
Deals & funding
Iti Mutual Fund Trustee Private Limited has 1 deal on record (1 rights issue); the latest was in January 2020.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2020 | Rights issue | ₹49 Lakh | Investors: The Investment Trust of India Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Iti Mutual Fund Trustee 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 Iti Mutual Fund Trustee Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Iti Mutual Fund Trustee has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECI3214M1ZJ | Maharashtra | Active | 07 Aug 2021 |
To see the full GST registrations and return filing status of Iti Mutual Fund Trustee Private Limited, buy the company report.
Recent activity
Iti Mutual Fund Trustee Private Limited has 12 board changes on record since 2016: 8 appointments and 4 cessations. The latest: Priti Paras Savla was appointed as Director on 05 Dec 2018.
Filing
Iti Mutual Fund Trustee Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai.
AGM
Iti Mutual Fund Trustee Private Limited last Annual general meeting of members was held on 31 Jul 2025 as per latest MCA records.
Appointed
Priti Paras Savla was appointed as Director.
Appointed
Tilokchand Punamchand Ostwal was appointed as Director.
Ceased
Daxa Jawahar Baxi ceased to be Director.
Ceased
Desh Raj Dogra ceased to be Director.
Ceased
Muthusamy Balachandran ceased to be Additional Director.
Appointed
Naushad Alimohmed Panjwani was appointed as Director.
Appointed
Desh Raj Dogra was appointed as Director.
Appointed
Daxa Jawahar Baxi was appointed as Director.
Ceased
Deena Asit Mehta ceased to be Director.
Appointed
Muthusamy Balachandran was appointed as Additional Director.
3 earlier events are in the company report.
Frequently asked questions
Iti Mutual Fund Trustee is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 24 October 2016 (10+ years old) and is registered under CIN U65999MH2016PTC287077.
Iti Mutual Fund Trustee has 4 current directors:
- Tilokchand Punamchand Ostwal - Director
- Sudhir Vrundavandas Valia - Director
- Naushad Alimohmed Panjwani - Director
- Priti Paras Savla - Director
The latest financial statements of Iti Mutual Fund Trustee on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 31 July 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Iti Mutual Fund Trustee is 27AAECI3214M1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Iti Mutual Fund Trustee is U65999MH2016PTC287077. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iti Mutual Fund Trustee was incorporated on 24 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Iti Mutual Fund Trustee has 1 deal on record (1 rights issue); the latest was in January 2020.
Priti Paras Savla was appointed as Director on 05 Dec 2018. Tilokchand Punamchand Ostwal was appointed as Director on 13 Jul 2018. Daxa Jawahar Baxi ceased to be Director on 25 May 2018. Iti Mutual Fund Trustee has 12 board changes on record in total.
Iti Mutual Fund Trustee can be reached through the website itimf.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Iti Mutual Fund Trustee is at Iti House 36 Dr. R. K. Shirodkar Marg Parel, Mumbai, Maharashtra, India – 400012.
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