JM Financial Limited

BSE: 523405 NSE: JMFINANCIL
JM Financial Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L67120MH1986PLC038784 Incorporated 30 January 1986 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: JMFINANCIL · BSE: 523405 Public Limited Company financial services Nifty 500
Data last updated
Market Cap
₹10,911 Cr
JMFINANCIL · NSE
Share Price
₹107.78
-5.46% today
Revenue
₹4,223 Cr
FY 2025-26 · -4.3% YoY
EBITDA
₹2,620 Cr
Margin 62.0%
Net Profit
₹1,217 Cr
FY 2025-26 · +48.4% YoY
P/E (TTM)
10.3x
P/B 1.0x
ROE
11.6%
ROCE 11.8%
Debt / Equity
1.14
Interest cover 39.3x

About JM Financial Limited

Data last updated:

JM Financial Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the financial holding companies segment of the financial services sector. It was incorporated on 30 January 1986 and has been in existence for over 40 years.

JM Financial is part of the Nifty 500 and BSE 500 indices. Its director Nimesh Kampani and family are #403 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L67120MH1986PLC038784. Its GSTIN is 27AAACJ2590B1ZW (Maharashtra). The company holds 4 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 523405 and NSE: JMFINANCIL.

The company has an authorised share capital of ₹195.82 Cr and a paid-up capital of ₹95.65 Cr. It was formerly known as J.M Share & Stock Brokers Limited. It is led by directors including Adi Rusi Patel (Managing Director) and Vishal Nimesh Kampani (Managing Director).

Its last annual general meeting (AGM) was held on 12 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 7th Floor Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4,222.63 Cr, a decline of 4.3% compared to the previous year. For the same year it recorded a net profit of ₹1,217.1 Cr (net margin 28.8%) and EBITDA of ₹2,620.03 Cr (EBITDA margin 62%). The net worth stands at ₹10,657 Cr (up 9.6% YoY). Total assets are valued at ₹22,993 Cr (up 5.8% YoY).

The company has about 246 employees on its provident fund (EPFO) records. Its group structure includes 12 subsidiaries.

The company is associated with 2 brands: Bondskart and JM Financial. As per MCA filings, the company has open charges of ₹9.13 Cr on record. Court records list 46 cases involving the company, including 17 filed by the company and 29 filed against it; 10 cases are pending. The company has 52 deals on record (42 market trades, 5 secondary share transfers, 2 qips), with disclosed funding of ₹304.53 Cr; the latest was in December 2025. Its 3 peer companies in the BFSI industry (Holding Company), with the same principal business activity (other financial activities) are compared by revenue, 3 larger; the largest is Shriram Capital Private Limited with revenue of ₹6,058.98 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2024, listing 52 overdue payments to 19 micro and small suppliers.

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

CIN L67120MH1986PLC038784
Registration Number 038784
Incorporation Date 30 January 1986
ROC Mumbai
Listing Status Listed - Listed on NSE (JMFINANCIL); Listed on BSE (523405)
Company Status Active
Date of Last AGM 12 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Key People
Adi Rusi Patel Managing Director Vishal Nimesh Kampani Managing Director Pradip Manilal Kanakia Director

Recognitions & Rankings of JM Financial

India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#389
Valuation
₹13,710 Cr
2023 #453 2022 #471 2021 #371
Stock market indices
Nifty 500 BSE 500

Contact details

JM Financial Limited's registered office is in Mumbai, Maharashtra. Its website is jmfl.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    jmfl.com
  • Registered Address
    7th Floor Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025
  • Industry
    Financial Services, Financial Holding Companies, Investment Banking & Advisory

To see the full contact details of JM Financial Limited, buy the company report.

Comprehensive company report
JM Financial 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

JM Financial operates two associated brands: Bondskart and JM Financial. Each brand links to its own profile.

BrandDescriptionWebsite
Bondskart
An online platform is operated for bond investments.bondskart.com
JM Financial
Investment banking services are offered across multiple sectors.jmfl.com

Business activity

The main business activity of JM Financial is financial and insurance service. In detail, this covers other financial activities, fund management services and activities by trusts, funds and other financial holding companies. 3 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK8Other financial activities
KFinancial and insurance ServiceK6Fund Management Services
KFinancial and insurance ServiceK2Activities by Trusts, funds and other financial holding companies

To see the full business activity and turnover split of JM Financial Limited, buy the company report.

Financials of JM Financial Limited

FY 2025-26 filings available

JM Financial Limited reported revenue of ₹4,222.63 Cr (down 4.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹4,223 Cr
-4.3% YoY
EBITDA
₹2,620 Cr
+12.8% YoY
Profit After Tax
₹1,217 Cr
+48.4% YoY
Net Worth
₹10,657 Cr
+9.6% YoY
Total Assets
₹22,993 Cr
+5.8% YoY
Total Debt
₹11,635 Cr
+1.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,2234,4104,7873,2923,7243,2113,446
Revenue growth-4.3%-7.9%+45.4%-11.6%+16.0%-6.8%-
EBITDA2,6202,3231,9232,1222,4292,2022,513
EBITDA margin+62.1%+52.7%+40.2%+64.5%+65.2%+68.6%+72.9%
Profit before tax1,5809973539531,3481,0671,094
Net profit1,217820444597773590545
Net profit margin+28.8%+18.6%+9.3%+18.1%+20.8%+18.4%+15.8%
EPS (₹)12.578.594.296.268.106.196.48
Balance sheet
Total assets22,99321,73827,28427,20924,12422,08119,890
Net worth10,6579,7288,4908,1367,6867,0005,639
Total debt11,63511,50716,22815,93913,49812,40511,756
Cash & bank4,8684,5095,4442,3922,5602,0751,329
Net working capital6,1075,5896,8186,0974,9084,6053,552
Cash flow
Cash from operations5815,5693,635(2,449)(3,203)9693,164
Cash from investing(532)(2,475)(2,090)(443)2,616(2,249)(901)
Cash from financing(116)(4,786)1622,1531,0241,296(2,205)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,2019499991,0311,1111,0041,1061,191
Revenue growth (YoY)+8.0%-5.5%-9.7%-13.4%+3.2%---
Other income24.1320.0912713.009.8923.2914.4020.70
EBITDA700491542605850578607491
EBITDA margin+58.5%+51.9%+54.6%+59.9%+77.7%+58.6%+55.2%+41.9%
Depreciation22.0722.1320.3719.2016.6716.3316.3714.85
Interest247246248254251274318343
Profit before tax456243400344593311287154
Tax86.8083.7495.3789.4613576.4179.169.81
Net profit369159305255458235207144
EPS (₹)3.051.733.272.824.742.192.182.43
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,200962820552613373300
Revenue growth+24.8%+17.4%+48.4%-9.9%+64.6%+24.1%-
EBITDA826566426310427234174
EBITDA margin+68.8%+58.8%+52.0%+56.2%+69.6%+62.9%+57.8%
Profit before tax811550410297416217156
Net profit695554310256328175127
Net profit margin+57.9%+57.6%+37.8%+46.4%+53.4%+47.0%+42.4%
EPS (₹)7.255.643.242.693.441.841.51
Balance sheet
Total assets4,8004,5154,1643,9483,8023,5752,574
Net worth4,7594,4614,1103,8873,7373,5032,573
Total debt40.9253.4854.0660.7565.9871.760.72
Cash & bank18.9778.8245.1860.8185.9915.1421.93
Net working capital19.5815914518718215490.88
Cash flow
Cash from operations61.49162518(281)203(352)151
Cash from investing29683.57(433)398(25.01)(382)(87.98)
Cash from financing(416)(211)(98.92)(208)(108)729(55.89)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue82.26119195275246225209226
Revenue growth (YoY)-66.6%-47.1%-6.9%+22.0%+107.2%---
Other income3.442.612421202.017.021.61192
Total expenses78.7682.6210010981.6975.77118148
EBITDA3.5036.7594.3516616515091.3277.52
EBITDA margin+4.3%+30.8%+48.5%+60.2%+66.8%+66.4%+43.6%+34.4%
Depreciation3.163.073.053.053.143.124.333.03
Interest1.001.091.121.181.261.311.811.41
Profit before tax2.7835.2033228216215286.79265
Tax0.289.5344.1035.6328.7317.7616.32(33.91)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,2019499991,0311,1111,0041,1061,191
Revenue growth (YoY)+8.0%-5.5%-9.7%-13.4%+3.2%---
Other income24.1320.0912713.009.8923.2914.4020.70
EBITDA700491542605850578607491
EBITDA margin+58.5%+51.9%+54.6%+59.9%+77.7%+58.6%+55.2%+41.9%
Depreciation22.0722.1320.3719.2016.6716.3316.3714.85
Interest247246248254251274318343
Profit before tax456243400344593311287154
Tax86.8083.7495.3789.4613576.4179.169.81
Net profit369159305255458235207144
EPS (₹)3.051.733.272.824.742.192.182.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,2234,4104,7873,2923,7243,2113,446
Revenue growth-4.3%-7.9%+45.4%-11.6%+16.0%-6.8%-
Other income37.9642.7644.7250.9638.8915.487.64
Total expenses1,6032,0872,8641,1701,2961,009933
Employee cost1,054963795622548441395
EBITDA2,6202,3231,9232,1222,4292,2022,513
EBITDA margin+62.1%+52.7%+40.2%+64.5%+65.2%+68.6%+72.9%
Depreciation78.3763.7953.0341.8737.7839.7541.04
Interest9991,3051,5621,1791,0821,1111,386
Profit before tax1,5809973539531,3481,0671,094
Tax404225326244356261316
Net profit1,217820444597773590545
Net profit margin+28.8%+18.6%+9.3%+18.1%+20.8%+18.4%+15.8%
EPS (₹)12.578.594.296.268.106.196.48
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital95.6495.5895.5695.4895.4195.2784.12
Reserves & surplus10,5629,6328,3958,0417,5916,9055,555
Shareholders' funds (net worth)10,6579,7288,4908,1367,6867,0005,639
Minority interest7015032,5663,1342,9392,6762,496
Secured loans8,5388,93813,52312,7799,6439,97310,215
Unsecured loans3,0962,5702,7053,1613,8552,4331,541
Total debt11,63511,50716,22815,93913,49812,40511,756
Total liabilities22,99321,73827,28427,20924,12422,08119,890
Assets
Gross block940833794685562543537
Net block625579572505414423450
Capital work in progress16010.234.437.013.050.860.69
Investments6,2095,4644,7243,5843,6395,8024,014
Inventories1281301431020.000.000.00
Sundry debtors1,4316465691,215499509324
Cash & bank balances4,8684,5095,4442,3922,5602,0751,329
Loans & advances3,0252,9142,9724,3913,3873,3192,727
Total current assets9,4518,1999,1268,1006,4465,9024,380
Total current liabilities3,3442,6102,3082,0031,5381,297828
Net working capital6,1075,5896,8186,0974,9084,6053,552
Total assets22,99321,73827,28427,20924,12422,08119,890
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash5402,2325241,263826810752
Net cash from operating activities5815,5693,635(2,449)(3,203)9693,164
Net cash from investing activities(532)(2,475)(2,090)(443)2,616(2,249)(901)
Net cash from financing activities(116)(4,786)1622,1531,0241,296(2,205)
Net change in cash(67.81)(1,692)1,708(739)43716.4858.13
Closing cash4,8684,5095,4442,3922,5602,0751,329
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-4.3%-7.9%+45.4%-11.6%+16.0%-6.8%-
EBITDA growth+12.8%+20.8%-9.4%-12.6%+10.3%-12.4%-
PBT growth+58.5%+182.1%-62.9%-29.3%+26.4%-2.4%-14.8%
Net income growth+48.4%+84.7%-25.6%-22.8%+31.0%+8.3%-
Revenue CAGR (3Y)+8.7%+5.8%+14.2%-1.5%+2.2%+1.6%+13.5%
EBITDA CAGR (3Y)+7.3%-1.5%-4.4%-5.5%-4.1%-1.4%+12.2%
Profitability & leverage
Net income margin+27.9%+17.5%+0.6%+21.5%+26.7%+25.1%+22.6%
Return on capital employed+11.9%+10.0%+11.3%+9.4%+12.0%+11.8%+13.6%
Return on net worth+11.6%+8.5%+0.7%+9.0%+13.5%+12.8%+14.4%
Debt / equity1.141.521.931.861.761.912.39
Long-term debt / equity0.941.331.701.551.471.721.98
Interest cover39.3157.7783.5056.6545.2451.3856.07
Efficiency & per share
Fixed asset turnover4.815.476.535.366.825.986.84
Inventory turnover33.1032.6539.4565.490.000.000.00
Debtors turnover4.107.335.423.907.477.756.84
EPS (₹)12.578.594.296.268.106.196.48
Dividend per share (₹)3.252.702.002.701.650.500.20
Book value per share (₹)111.43101.7888.8585.2180.5673.4767.03
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue82.26119195275246225209226
Revenue growth (YoY)-66.6%-47.1%-6.9%+22.0%+107.2%---
Other income3.442.612421202.017.021.61192
Total expenses78.7682.6210010981.6975.77118148
EBITDA3.5036.7594.3516616515091.3277.52
EBITDA margin+4.3%+30.8%+48.5%+60.2%+66.8%+66.4%+43.6%+34.4%
Depreciation3.163.073.053.053.143.124.333.03
Interest1.001.091.121.181.261.311.811.41
Profit before tax2.7835.2033228216215286.79265
Tax0.289.5344.1035.6328.7317.7616.32(33.91)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,200962820552613373300
Revenue growth+24.8%+17.4%+48.4%-9.9%+64.6%+24.1%-
Other income1.681.970.632.976.171.682.80
Total expenses374396394242186138127
Employee cost22320618414711684.3166.83
EBITDA826566426310427234174
EBITDA margin+68.8%+58.8%+52.0%+56.2%+69.6%+62.9%+57.8%
Depreciation12.3112.2010.8910.4410.6911.9212.18
Interest4.655.565.506.136.767.247.81
Profit before tax811550410297416217156
Tax11811.2810140.2288.1241.6029.14
Net profit695554310256328175127
Net profit margin+57.9%+57.6%+37.8%+46.4%+53.4%+47.0%+42.4%
EPS (₹)7.255.643.242.693.441.841.51
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital95.6495.5895.5695.4895.4195.2784.12
Reserves & surplus4,6634,3664,0143,7923,6413,4082,489
Shareholders' funds (net worth)4,7594,4614,1103,8873,7373,5032,573
Secured loans0.000.000.000.000.000.000.72
Unsecured loans40.9253.4854.0660.7565.9871.760.00
Total debt40.9253.4854.0660.7565.9871.760.72
Total liabilities4,8004,5154,1643,9483,8023,5752,574
Assets
Gross block10610910199.3892.4094.5692.65
Net block34.9047.4048.0256.3360.6068.8277.10
Capital work in progress0.000.000.000.000.000.000.00
Investments4,2663,9623,6573,0983,2513,0212,528
Inventories0.000.000.000.000.000.000.00
Sundry debtors71.3911077.6333.4728.3849.9122.35
Cash & bank balances18.9778.8245.1860.8185.9915.1421.93
Loans & advances85.11231167178172186193
Total current assets175420289272286251238
Total current liabilities15626014585.1310596.98147
Net working capital19.5815914518718215490.88
Total assets4,8004,5154,1643,9483,8023,5752,574
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash75.5941.0754.8514610.1714.737.19
Net cash from operating activities61.49162518(281)203(352)151
Net cash from investing activities29683.57(433)398(25.01)(382)(87.98)
Net cash from financing activities(416)(211)(98.92)(208)(108)729(55.89)
Net change in cash(59.07)34.52(13.78)(90.95)69.93(4.56)7.54
Closing cash18.9778.8245.1860.8185.9915.1421.93
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+24.8%+17.4%+48.4%-9.9%+64.6%+24.1%-
EBITDA growth+46.1%+32.8%+37.3%-27.4%+82.3%+34.9%-
PBT growth+47.5%+34.1%+38.3%-28.7%+91.8%+38.6%+35.2%
Net income growth+25.6%+78.8%+20.7%-21.8%+87.1%+37.6%-
Revenue CAGR (3Y)+29.5%+16.2%+30.1%+22.5%+31.5%-4.3%+22.9%
EBITDA CAGR (3Y)+38.6%+9.8%+22.1%+21.4%+46.3%-4.4%+5.9%
Profitability & leverage
Net income margin+57.7%+56.0%+37.8%+46.4%+53.4%+47.0%+42.4%
Return on capital employed+17.5%+12.8%+10.3%+7.8%+11.5%+7.3%+6.5%
Return on net worth+15.0%+12.6%+7.7%+6.7%+9.1%+5.8%+5.0%
Debt / equity0.010.010.010.020.020.010.00
Long-term debt / equity0.010.010.010.020.020.010.00
Interest cover0.571.001.332.041.623.264.84
Efficiency & per share
Fixed asset turnover11.199.168.185.796.634.005.97
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover13.2810.2914.7717.9615.8310.3618.71
EPS (₹)7.255.643.242.693.441.841.51
Dividend per share (₹)3.252.702.001.801.650.500.20
Book value per share (₹)49.7646.6843.0040.7139.1636.7730.59

To see the full year-wise statements and ratios of JM Financial Limited, buy the company report.

Board of directors of JM Financial Limited

JM Financial has 9 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Adi Rusi Patel
Also directs: JM Financial Asset Reconstruction Company Limited, JM Financial Credit Solutions Limited, Infinite India Investment Management Limited
Managing Director01 Oct 20215 Years 0 MonthsCurrent
Pradip Manilal Kanakia
Also directs: JM Financial Services Limited, Healthcare Global Enterprises Limited, Britannia Industries Ltd and 5 more
Director07 Feb 20224 Years 8 MonthsCurrent
Nimesh Nagindas Kampani
Also directs: Capital Market Publishers India Private Limited, Kampani Properties and Holdings Limited, J M Financial and Investment Consultancy Services Private Limited
Director01 Apr 201115 Years 6 MonthsCurrent
Vishal Nimesh Kampani
Also directs: Capital Market Publishers India Private Limited, J M Financial and Investment Consultancy Services Private Limited, KSB Limited and 5 more
Managing Director03 Feb 201610 Years 8 MonthsCurrent
Navroz Darius Udwadia
Also directs: Dtwelve Spaces Private Limited, Sunshine Teahouse Private Limited, I-Ven Realty Limited and 3 more
Director09 Dec 20214 Years 10 MonthsCurrent
Roshini Hemant Bakshi
Also directs: Everbrands India Private Limited, Fresh and Honest Cafe Private Limited
Director09 Dec 20214 Years 10 MonthsCurrent
Showing 6 of 9 current directors. View all directors

Peer comparison

JM Financial Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Holding Company), with the same principal business activity (other financial activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Shriram Capital Private Limited₹6,058.98 Cr (FY 2020)11.0%Chennai, Tamil Nadu, India
Nirayu Private Limited₹5,722.13 Cr (FY 2022)-2.0%Vadodara, Gujarat, India
RHC Holding Private Limited₹5,522.55 Cr (FY 2016)8.0%New Delhi, Delhi, India
JM Financial Limitedthis company₹4,222.63 Cr (FY 2026)₹1,217.1 Cr28.8%-4.3%246Mumbai, Maharashtra, India

To see the full peer comparison of JM Financial Limited, buy the company report.

Auditor

JM Financial Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2019.

Auditor firmFinancial yearFirm registration number
DELOITTE HASKINS & SELLS LLPFY 2019117366W/W-100018

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 57.00%, foreign institutional investors hold 17.00%, domestic institutional investors hold 5.40% and retail and other public shareholders hold 20.60%.

Promoters: 57.00%DII (Domestic Institutional): 5.40%FII (Foreign Institutional): 17.00%Retail & Others: 20.60%
Sep 2026
QUARTER
57.00% Promoters
5.40% DII (Domestic Institutional)
17.00% FII (Foreign Institutional)
20.60% Retail & Others
Promoter holding - history
Now 57.00% · Sep 2026High 57.10% · Jun 2026Low 56.60% · Dec 2025
55%56%57%58%59%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 56.60%Mar 2026: 56.90%Jun 2026: 57.10%Sep 2026: 57.00%57.10%56.60%57.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters57.00%57.10%56.90%56.60%
Public43.00%42.90%43.10%43.40%

Charges & borrowings

Open charges
₹9.13 Cr
Satisfied charges
None
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
DateCharge IDLenderAmountStatusModified or satisfied on
12 Oct 199490214528The Industrial Credit & Investment Corpn of India Ltd₹25 LakhOpen
08 Feb 199490212458The Industrial Credit & Investment Corpn of India Ltd₹1.25 CrOpen
28 Sep 199390212402The Industrial Credit & Investment Corpn of India Ltd₹2.5 CrOpen
04 Jul 199190212194Icici Ltd₹4.5 CrOpen
04 Jul 199190214451The Industrial Credit & Investment Corpn of India Ltd₹3 LakhOpen

To see the full charge records of JM Financial Limited, buy the company report.

Total charge records: 6 View all charges

Deals & funding

JM Financial Limited has 52 deals on record (42 market trades, 5 secondary share transfers, 2 qips), with disclosed funding of ₹304.53 Cr; the latest was in December 2025.

Total deals
52
Market trades
42
Secondary share transfers
5
QIPs
2
Funding rounds
2
Disclosed funding
₹304.53 Cr

Deals on record (5 of 52)

WhenDealAmountParties
Dec 2025Market trade₹80.73 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Dec 2024Market trade₹34.44 CrBuyer: J M Financial and Investment Consultancy Services Private Limited
Seller: JSB Securities Limited
Nov 2024Market trade₹28.1 CrBuyer: J M Assets Management Private Limited , Snk Investments Private Limited
Seller: an individual
Sep 2024Market trade₹75.57 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Sep 2024Market trade₹70.89 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP

To see the full deal history of JM Financial Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

JM Financial Limited was last rated by Icra on 31 Jan 2022.

Rating agencyRated onRating
Icra31 Jan 2022

To see the full credit ratings and regulatory alerts of JM Financial Limited, buy the company report.

MSME payment delays

JM Financial Limited has 7 MSME Form 1 returns on record between 2019 and 2024, listing 52 overdue payments to 19 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 19)

SupplierAmount dueDue sinceReported on
Express Pesticides Private Limited
Dayal Tours & Travels Limited
Antaeus Rent-A-Car Private Limited
an individual supplier
Ratan Batra Private Limited

To see the full MSME payment records of JM Financial Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

JM Financial has 12 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

12
Subsidiary companies
1
Associated companies
Key subsidiaries
Company NameCINShares held
JM Financial Commtrade LimitedU51100MH2005PLC153110
JM Financial Capital LimitedU65190MH2015PLC270754
JM Financial Properties and Holdings LimitedU65990MH2010PLC201513
JM Financial Asset Management LimitedU65991MH1994PLC078879
JM Financial Home Loans LimitedU65999MH2016PLC288534
JM Financial Institutional Securities LimitedU67100MH2017PLC296081

To see the full group structure of JM Financial Limited, buy the company report.

Employees & EPFO

JM Financial Limited has a workforce of 246 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.

Employee count
246
Active EPFO establishments
1
Employee growth
61.84%

GST

JM Financial has 4 GST registrations: 4 active.

Total GSTINs
4
Active
4
GSTINStateStatusRegistered on
27AAACJ2590B1ZWMaharashtraActive01 Jul 2017
07AAACJ2590B1ZYDelhiActive01 Jan 2018
29AAACJ2590B1ZSKarnatakaActive14 Jul 2023
24AAACJ2590B1Z2GujaratActive18 Oct 2023

To see the full GST registrations and return filing status of JM Financial Limited, buy the company report.

Recent activity

JM Financial Limited has 36 board changes on record since 1996: 23 appointments and 13 cessations. The latest: Hariharan Ramamurthi Aiyar was appointed as Director on 12 May 2025.

Filing
Jm Financial Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Jm Financial Limited last Annual general meeting of members was held on 12 Aug 2025 as per latest MCA records.
Appointed
Hariharan Ramamurthi Aiyar was appointed as Director.
Ceased
Jagi Mangat Panda ceased to be Director.
Ceased
Atul Mehra ceased to be Managing Director.
Appointed
Nishit Ashwin Shah was appointed as CFO.
Ceased
Manish Chhabildas Sheth ceased to be CFO.
Ceased
Prashant Choksi Kishor ceased to be Company Secretary.
Ceased
Eknath Atmaram Kshirsagar ceased to be Director.
Ceased
Keki Bomi Dadiseth ceased to be Director.
Ceased
Paul Sebastian Zuckerman ceased to be Director.
Ceased
Vijay Laxman Kelkar ceased to be Director.

35 earlier events are in the company report.

News

JM Financial: Establishes Fully Owned Subsidiary JM Financial (Middle East) Limited In Abu Dhabi For Financial Services, With 100% Shares Owned By JM Financial Overseas Holdings Private Limited.
12 Oct 2026 · Exchange Update

From our blog

Frequently asked questions

JM Financial is an active public limited company based in Mumbai, Maharashtra, India. The company works in financial holding companies, within the financial services industry. It was incorporated on 30 January 1986 (40+ years old) and is registered under CIN L67120MH1986PLC038784. Listed on BSE: 523405 and NSE: JMFINANCIL.

JM Financial reported revenue of ₹4,222.63 Cr for FY 2025-26 (down 4.3% YoY) based on consolidated financials.

JM Financial has 9 current directors:

The latest financial statements of JM Financial on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 12 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of JM Financial is 27AAACJ2590B1ZW, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 07AAACJ2590B1ZY (Delhi), 29AAACJ2590B1ZS (Karnataka), 24AAACJ2590B1Z2 (Gujarat).

The CIN (Corporate Identification Number) of JM Financial is L67120MH1986PLC038784. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. JM Financial is a listed company as per MCA records. Its shares are listed on both BSE (code: 523405) and NSE (symbol: JMFINANCIL).

JM Financial has 46 court cases on record: 17 filed by the company and 29 filed against it. 10 are pending. Most are in the high courts.

JM Financial was incorporated on 30 January 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.

JM Financial has 52 deals on record (42 market trades, 5 secondary share transfers, 2 qips), with disclosed funding of ₹304.53 Cr; the latest was in December 2025.

The peers of JM Financial by revenue are Shriram Capital Private Limited, Nirayu Private Limited, RHC Holding Private Limited, all in the BFSI industry (Holding Company), with the same principal business activity (other financial activities).

Hariharan Ramamurthi Aiyar was appointed as Director on 12 May 2025. Jagi Mangat Panda ceased to be Director on 30 Mar 2025. Atul Mehra ceased to be Managing Director on 28 Mar 2024. JM Financial has 36 board changes on record in total.