Jm Financial Limited - Company Profile

Q: Who are the current directors of Jm Financial Limited?

The current directors of Jm Financial Limited are Navroz Darius Udwadia, Adi Rusi Patel, Pradip Manilal Kanakia, Sumit Bose, Nishit Ashwin Shah, Vishal Nimesh Kampani, Hariharan Ramamurthi Aiyar, Nimesh Nagindas Kampani, Roshini Hemant Bakshi, Hemant Vijay Pandya, Palamadai Sundararajan Jayakumar, Nishit Ashwin Shah.

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 1986.

1986 Mumbai, Maharashtra, India Active

Last Updated: December 22, 2025

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About Jm Financial Limited

Jm Financial Limited, a active public limited company, was established on 30 January 1986 in Mumbai, Maharashtra, India. Engaging in financial holding companies within the financial and insurance service sector, it holds CIN: L67120MH1986PLC038784. Registered under ROC Roc Mumbai. it is listed on BSE: 523405 and NSE: JMFINANCIL. It has an authorized capital of ₹195.82 Cr and a paid-up capital of ₹95.63 Cr.

Formerly known as J.M Share & Stock Brokers Limited. It upholds a compliant status. In 2023, it reported revenue of ₹488.56 Cr and a net worth of ₹3,816.74 Cr. Employing 246 professional, Its leadership includes Navroz Darius Udwadia (Director), Adi Rusi Patel (Managing Director), Pradip Manilal Kanakia (Director). Past directors included Atul Mehra, Murlidhar Raghunath Mondkar, Navroz Darius Udwadia. It holds ₹9.13 Cr open charges and no settled loans. Its latest AGM occurred on 12 August 2025, with the balance sheet filed on 31 March 2025. It is based at 7Th Floor, Cnergy, Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, 400025.

Company Details

CIN/LLPIN
L67120MH1986PLC038784
Registration Number
038784
Incorporation Date
30 January 1986
Authorized Capital
₹195.82 Cr
Paid-Up Capital
₹95.63 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 523405, NSE: JMFINANCIL)
Company Status
Active

Key Metrics

Authorised Capital ₹ 195.82 Cr as on 22-12-2025
Paid Up Capital ₹ 95.63 Cr as on 22-12-2025
Company Age 40 Year, 3 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 9.13 Cr as on 22-12-2025
Revenue Growth **** -21.15% (FY 2023)
Profit Growth **** -16.69% (FY 2023)
Ebitda **** -23.98% (FY 2023)
Net Worth 2.15% (FY 2023)
Total Assets **** 1.15% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Jm Financial Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Jm Financial Limited?

Current Directors

Name	Designation	Appointment Date	Status
Navroz Darius Udwadia	Director	09 Dec 2021	Current
Adi Rusi Patel	Managing Director	01 Oct 2021	Current
Pradip Manilal Kanakia	Director	07 Feb 2022	Current
Sumit Bose	Director	24 May 2022	Current
Nishit Ashwin Shah	Cfo	01 Oct 2023	Current
Vishal Nimesh Kampani	Managing Director	03 Feb 2016	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	01 Oct 2021	Past
Pramod Abcsdd	Director	01 Apr 2010	Past
Pramod Abcsdd	Additional Director	23 Mar 2022	Past
Pramod Abcsdd	Company Secretary	-	Past
Pramod Abcsdd	Additional Director	01 Oct 2021	Past
Pramod Abcsdd	Director	20 Oct 2021	Past

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Financial Performance of Jm Financial.

Jm Financial Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 21.15% decrease. The company also saw a substantial fall in profitability, with a 16.69% decrease in profit. The company's net worth moved up by a moderate rise of 2.15%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-21.15%

*******

Revenue from Operations

*******

-40.05%

*******

Total Assets

*******

1.15%

*******

Profit or Loss

*******

-16.69%

*******

Net Worth

*******

2.15%

*******

EBITDA

*******

-23.98%

*******

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What is the Ownership and Shareholding Structure of Jm Financial?

In 2023, Jm Financial had a promoter holding of 56.49% and a public holding of 43.51%. The company had 12 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹91,300,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Icici Ltd : 4.50 Cr
The Industrial Credit & Investment Corpn Of India Ltd : 4.03 Cr
Indian Bank : 0.60 Cr

Latest Charge Details

Date	Lender	Amount	Status
12 Oct 1994	The Industrial Credit & Investment Corpn Of India Ltd	₹2.50 M	Open
08 Feb 1994	The Industrial Credit & Investment Corpn Of India Ltd	₹1.25 Cr	Open
28 Sep 1993	The Industrial Credit & Investment Corpn Of India Ltd	₹2.50 Cr	Open
04 Jul 1991	Icici Ltd	₹4.50 Cr	Open
04 Jul 1991	The Industrial Credit & Investment Corpn Of India Ltd	₹0.30 M	Open

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How Many Employees Work at Jm Financial?

Jm Financial has a workforce of 246 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Jm Financial, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Jm Financial's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Jm Financial

Recent Activity within the Organization

Annual General Meeting

Jm Financial Limited last Annual general meeting of members was held on 12 Aug 2025 as per latest MCA records. was recorded as a recent event.
12 Aug 2025
Director Appointment

The activity Hariharan Ramamurthi Aiyar was appointed as a Director was appointed as a Director on 12 May 2025 & has been associated with this company since 1 year 11 days . was completed.
12 May 2025
Balance Sheet

Progress on Jm Financial Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was documented.
31 Mar 2025
Director Appointment

The activity Hemant Vijay Pandya was appointed as a Company Secretary was appointed as a Company Secretary on 27 Jul 2024 & has been associated with this company since 1 year 9 months . was completed.
27 Jul 2024
Director Appointment

Progress on Nishit Ashwin Shah was appointed as a CFO was appointed as a CFO on 01 Oct 2023 & has been associated with this company since 2 years 7 months . was documented.
01 Oct 2023
Director Appointment

Progress on Nishit Ashwin Shah was appointed as a CFO was appointed as a CFO on 01 Oct 2023 & has been associated with this company since 2 years 7 months . was documented.
01 Oct 2023

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