About JM Financial Institutional Securities Limited
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JM Financial Institutional Securities Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Jm Financial Services Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 13 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67100MH2017PLC296081. Its GSTIN is 27AAECJ0038Q1ZA (Maharashtra).
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹13.3 Cr. It was formerly known as Jm Financial Securities Limited. It is led by directors including Samir Ramanlal Shah (Whole-Time Director) and Ankur Ashwin Jhaveri (Whole-Time Director).
Its last annual general meeting (AGM) was held on 23 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 7th Floor Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2023, the company reported a revenue of ₹131.94 Cr, a decline of 14.79% compared to the previous year.
The company has about 89 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,052 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jmfl.com.
Company details
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, Brokerage & Trading Services
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
JM Financial Institutional Securities operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | 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 2025 filings availableJM Financial Institutional Securities Limited reported revenue of ₹131.94 Cr (down 14.79% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14.79% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of JM Financial Institutional Securities Limited, buy the company report.
Board of directors of JM Financial Institutional Securities Limited
JM Financial Institutional Securities has 7 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dipti Neelakantan Also directs: JM Financial Services Limited, JM Financial Credit Solutions Limited, JM Financial Trustee Company Private Limited and 4 more | Director | 13 Jun 2017 | 9 Years 4 Months | Current |
| Samir Ramanlal Shah | Whole-Time Director | 21 Aug 2017 | 9 Years 2 Months | Current |
| Anish Dinesh Damania | Director | 01 Mar 2024 | 2 Years 8 Months | Current |
| Vishal Nimesh Kampani Also directs: KSB Limited, JM Financial Limited, Capital Market Publishers India Private Limited and 5 more | Director | 13 Jun 2017 | 9 Years 4 Months | Current |
| Hariharan Ramamurthi Aiyar Also directs: JM Financial Limited, JM Financial Asset Management Limited, JM Financial Services Limited and 3 more | Additional Director | 13 Jun 2025 | 1 Years 4 Months | Current |
| Chirag Ranjit Negandhi | Director | 13 Feb 2024 | 2 Years 8 Months | Current |
Auditor
JM Financial Institutional Securities Limited is audited by B S R & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & CO LLP | FY 2023 | 101248W/W100022 |
Shareholding
The shareholding of JM Financial Institutional Securities Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| 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 |
|---|---|---|---|---|---|
| 13 Jan 2026 | 101222933 | Hdfc Bank Limited | ₹802 Cr | Open | |
| 01 Mar 2023 | 100691800 | Others | ₹250 Cr | Open |
To see the full charge records of JM Financial Institutional Securities Limited, buy the company report.
Total charge records: 2 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 08 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 08 Jul 2021 |
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.
Employees & EPFO
JM Financial Institutional Securities Limited has a workforce of 89 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
GST
JM Financial Institutional Securities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECJ0038Q1ZA | Maharashtra | Active | 29 Dec 2017 |
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 15 board changes on record since 2017: 8 appointments and 7 cessations. The latest: Hariharan Ramamurthi Aiyar was appointed as Additional Director on 13 Jun 2025.
9 earlier events are in the company report.
News
Frequently asked questions
JM Financial Institutional Securities is an active public limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 13 June 2017 (9+ years old) and is registered under CIN U67100MH2017PLC296081.
JM Financial Institutional Securities has 7 current directors:
- Samir Ramanlal Shah - Whole-Time Director
- Ankur Ashwin Jhaveri - Whole-Time Director
- Dipti Neelakantan - Director
- Anish Dinesh Damania - Director
- Vishal Nimesh Kampani - Director
- Hariharan Ramamurthi Aiyar - Additional Director
- Chirag Ranjit Negandhi - Director
The latest financial statements of JM Financial Institutional Securities on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 July 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of JM Financial Institutional Securities is 27AAECJ0038Q1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of JM Financial Institutional Securities is U67100MH2017PLC296081. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
JM Financial Institutional Securities was incorporated on 13 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Hariharan Ramamurthi Aiyar was appointed as Additional Director on 13 Jun 2025. Ankur Ashwin Jhaveri ceased to be Additional Director on 27 Apr 2025. Ankur Ashwin Jhaveri was appointed as Whole-Time Director on 18 Feb 2025. JM Financial Institutional Securities has 15 board changes on record in total.
JM Financial Institutional Securities can be reached through the website jmfl.com. Its registered office is in Mumbai, Maharashtra, 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 operates in the financial services industry, in the brokerage and trading services segment.
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