About JM Financial Institutional Securities Limited
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JM Financial Institutional Securities Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Jm Financial Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the investment banking and advisory segment of the financial services sector. It was incorporated on 11 September 1995.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U65192MH1995PLC092522. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹93.82 Cr and a paid-up capital of ₹28 Cr. It was led by directors including Surendra Ramakrishna Nayak (Whole-Time Director) and Dipti Neelakantan.
Its last annual general meeting (AGM) was held on 20 June 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 7th Floor Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2017, the company reported a revenue of ₹225.87 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹49.15 Cr (net margin 21.8%) and EBITDA of ₹74.49 Cr (EBITDA margin 33%).
As per MCA filings, the company had satisfied charges of ₹25 Cr on record.
The last known website on record is jmfl.com.
Company details
CIN history
JM Financial Institutional Securities has one previous CIN (Corporate Identification Number): U65192MH1995PTC092522. The current CIN is U65192MH1995PLC092522, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65192MH1995PLC092522 | Current |
| U65192MH1995PTC092522 | Previous |
Contact details
JM Financial Institutional Securities Limited's registered office is in Mumbai, Maharashtra. Its website is jmfl.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address7th Floor Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025
- IndustryFinancial Services, Investment Banking & Advisory
To see the full contact details of JM Financial Institutional Securities 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 JM Financial Institutional Securities 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 JM Financial Institutional Securities Limited, buy the company report.
Financials of JM Financial Institutional Securities Limited
FY 2017 filings availableJM Financial Institutional Securities Limited reported revenue of ₹225.87 Cr (up 27% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 27% in the latest year. EBITDA rose 51% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹225.87 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹74.49 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹49.15 Cr | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 33% | ||
| Net Profit Margin | 21.8% | ||
| 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 JM Financial Institutional Securities Limited, buy the company report.
Board of directors and KMP of JM Financial Institutional Securities Limited
JM Financial Institutional Securities Limited currently reports 7 directors and 1 key managerial person. 24 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dipti Neelakantan Also directs: JM Financial Institutional Securities Limited, JM Financial Services Limited, JM Financial Credit Solutions Limited and 5 more | Director | 01 Apr 2008 | 18 Years 7 Months | As last reported |
| Sujal Shah Anil | Director | 22 May 2015 | 11 Years 5 Months | As last reported |
| Vishal Nimesh Kampani | Director | 31 Aug 2000 | 26 Years 2 Months | As last reported |
| Nimesh Nagindas Kampani Also directs: JM Financial Limited, Capital Market Publishers India Private Limited, Kampani Properties and Holdings Limited and 1 more | Director | 01 Mar 1999 | 27 Years 8 Months | As last reported |
| Surendra Ramakrishna Nayak Also directs: Asha Impact Initiatives LLP | Whole-Time Director | 10 Aug 2012 | 14 Years 3 Months | As last reported |
| Paul Sebastian Zuckerman | Director | 12 Jun 2012 | 14 Years 4 Months | As last reported |
Peer comparison
JM Financial Institutional Securities Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Investment Banking), 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 |
|---|---|---|---|---|---|---|
| Dam Capital Advisors Limited | ₹250.21 Cr (FY 2025) | 37.0% | Mumbai, Maharashtra, India | |||
| 360 One Capital Market Private Limited | ₹249.91 Cr (FY 2025) | 58.0% | Kolkata, West Bengal, India | |||
| JM Financial Institutional Securities Limitedthis company | ₹225.87 Cr (FY 2017) | ₹49.15 Cr | 21.8% | 27.0% | Mumbai, Maharashtra, India | |
| Elara Capital (India) Private Limited | ₹178.45 Cr (FY 2025) | 41.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of JM Financial Institutional Securities Limited, buy the company report.
Auditor
JM Financial Institutional Securities Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2017 | 117366W/W- |
Shareholding
The shareholding of JM Financial Institutional Securities Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of JM Financial Institutional Securities Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Sep 2001 | 90384552 | Hdfc Bank Ltd. | ₹25 Cr | Satisfied |
To see the full charge records of JM Financial Institutional Securities Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving JM Financial Institutional Securities Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
JM Financial Institutional Securities Limited was last rated by Icra on 31 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 31 Jan 2022 |
To see the full credit ratings and regulatory alerts of JM Financial Institutional Securities Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for JM Financial Institutional Securities Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
JM Financial Institutional Securities has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of JM Financial Institutional Securities Limited, buy the company report.
Recent activity
JM Financial Institutional Securities Limited has 32 board changes on record since 1999: 8 appointments and 24 cessations. The latest: Sujal Shah Anil ceased to be Additional Director on 05 Jun 2015.
26 earlier events are in the company report.
News
Frequently asked questions
JM Financial Institutional Securities has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
JM Financial Institutional Securities was a public limited company based in Mumbai, Maharashtra, India. The company worked in investment banking and advisory, within the financial services industry. It was incorporated on 11 September 1995 and is registered under CIN U65192MH1995PLC092522. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
JM Financial Institutional Securities was incorporated on 11 September 1995. It is registered with the Registrar of Companies, Mumbai.
JM Financial Institutional Securities had 8 directors and KMP:
- Surendra Ramakrishna Nayak - Whole-Time Director
- Dipti Neelakantan - Director
- Sujal Shah Anil - Director
- Vishal Nimesh Kampani - Director
- Nimesh Nagindas Kampani - Director
- Paul Sebastian Zuckerman - Director
- Prashant Choksi Kishor - Director
- Chintal Dharamchand Sakaria - Company Secretary
The CIN (Corporate Identification Number) of JM Financial Institutional Securities is U65192MH1995PLC092522. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of JM Financial Institutional Securities is at 7th Floor Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025.
JM Financial Institutional Securities can be reached through the website jmfl.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of JM Financial Institutional Securities on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 20 June 2017. Year-wise statements from 2015 are in the company report.
No. JM Financial Institutional Securities has 2 GST registrations on record and all of them are cancelled or inactive.
JM Financial Institutional Securities operated in the financial services industry, in the investment banking and advisory segment.
The peers of JM Financial Institutional Securities by revenue are Dam Capital Advisors Limited, 360 One Capital Market Private Limited, Elara Capital (India) Private Limited, all in the BFSI industry (Investment Banking), with the same principal business activity (financial advisory, brokerage and consultancy services).
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