About J.P. Morgan Securities India Private Limited
Data last updated:
J.P. Morgan Securities India Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of J.P. Morgan International Finance Limited. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 27 July 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1998FTC115964. Its GSTIN is 27AAACJ3898C1ZH (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹450.23 Cr. It is led by directors including Naquiyah Ghadiyali (Whole-Time Director) and Harsh Bansal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at J.P. Morgan Tower Off. C.S.T. Road Kalina Santacruz – East, Mumbai, Maharashtra, India – 400098.
As per the financials filed for FY 2023, the company reported a revenue of ₹253.38 Cr, a decline of 1.32% compared to the previous year.
As per MCA filings, the company has satisfied charges of ₹165.7 Cr on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it; 1 case is pending. The company has 5 deals on record (2 funding rounds, 1 debt financing, 1 rights issue), with disclosed funding of ₹3,547.75 Cr; the latest was in March 2019. Its 6 peer companies in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 4 smaller; the largest is Subhadra Investments Private Limited with revenue of ₹305.12 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 68 overdue payments to 10 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 jpmorgan.com.
Company details
CIN history
J.P. Morgan Securities India has one previous CIN (Corporate Identification Number): U65990MH1998PTC115964. The current CIN is U65990MH1998FTC115964, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65990MH1998FTC115964 | Current |
| U65990MH1998PTC115964 | Previous |
Contact details
J.P. Morgan Securities India Private Limited's registered office is in Mumbai, Maharashtra. Its website is jpmorgan.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressJ.P. Morgan Tower Off. C.S.T. Road Kalina Santacruz – East, Mumbai, Maharashtra, India – 400098
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of J.P. Morgan Securities India Private 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
J.P. Morgan Securities India 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 | Other financial activities |
To see the full business activity and turnover split of J.P. Morgan Securities India Private Limited, buy the company report.
Financials of J.P. Morgan Securities India Private Limited
FY 2025 filings availableJ.P. Morgan Securities India Private Limited reported revenue of ₹253.38 Cr (down 1.32% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1.32% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹253.38 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 J.P. Morgan Securities India Private Limited, buy the company report.
Board of directors of J.P. Morgan Securities India Private Limited
J.P. Morgan Securities India has 7 current directors and 33 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naquiyah Ghadiyali Also directs: Playverse Ventures Private Limited | Whole-Time Director | 18 Aug 2021 | 5 Years 2 Months | Current |
| Mahesh Ramdas Aras | Director | 26 Feb 2020 | 6 Years 8 Months | Current |
| Harsh Bansal | Whole-Time Director | 16 Oct 2020 | 6 Years 0 Months | Current |
| Vikram Aditya Ramani | Whole-Time Director | 19 Sep 2022 | 4 Years 1 Months | Current |
| Ajay Jagannath Banavalikar | Director | 26 Apr 2024 | 2 Years 6 Months | Current |
| Bhavin Vipin Shukla | Director | 06 Jun 2023 | 3 Years 5 Months | Current |
Peer comparison
J.P. Morgan Securities India Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Subhadra Investments Private Limited | ₹305.12 Cr (FY 2025) | -44.0% | Hyderabad, Telangana, India | |||
| Gravity Financial Services Pvt Ltd | ₹304.37 Cr (FY 2025) | -6.0% | Kolkata, West Bengal, India | |||
| Iti Finance Limited | ₹299.13 Cr (FY 2024) | 22.0% | Mumbai, Maharashtra, India | |||
| Suntrack Commerce Private Limited | ₹298.54 Cr (FY 2019) | 744.0% | Kolkata, West Bengal, India | |||
| Muthoot Mcred Limited | ₹298.15 Cr (FY 2019) | -11.0% | Kochi, Kerala, India | |||
| Il&Fs Financial Services Limited | ₹295.18 Cr (FY 2019) | -87.0% | Mumbai, Maharashtra, India | |||
| J.P. Morgan Securities India Private Limitedthis company | ₹253.38 Cr (FY 2023) | -1.3% | Mumbai, Maharashtra, India |
To see the full peer comparison of J.P. Morgan Securities India Private Limited, buy the company report.
Auditor
J.P. Morgan Securities India Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2018 | 012754N/N500016 |
Shareholding
The shareholding of J.P. Morgan Securities India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of J.P. Morgan Securities India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2010 | 10244093 | Il & Fs Trust Company Limited | ₹6.4 Cr | Satisfied | |
| 07 Jun 2010 | 10227584 | Il & Fs Trust Company Limited | ₹3.8 Cr | Satisfied | |
| 14 Jan 2009 | 10141623 | Il & Fs Trust Company Limited | ₹27 Cr | Satisfied | |
| 14 Jan 2009 | 10141022 | Il & Fs Trust Company Limited | ₹5.5 Cr | Satisfied | |
| 14 Jan 2009 | 10141011 | Il & Fs Trust Company Limited | ₹33 Cr | Satisfied |
To see the full charge records of J.P. Morgan Securities India Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
J.P. Morgan Securities India Private Limited has 5 deals on record (2 funding rounds, 1 debt financing, 1 rights issue), with disclosed funding of ₹3,547.75 Cr; the latest was in March 2019.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Rights issue | ₹2,060.71 Cr | Investors: J.P Morgan International Finance Limited |
| Oct 2015 | Debt financing | ₹3,000 Cr | Investors: J.P Morgan Securities Asia Private Limited |
| Dec 2007 | Secondary share transfer | Undisclosed | Buyer: J P Morgan Overseas Capital L L C Seller: J.P Morgan International Finance Limited |
| Jun 2007 | Funding round | ₹324 Cr | Investors: J.P Morgan International Finance Limited |
| Mar 2006 | Funding round | ₹223.75 Cr | Investors: J.P Morgan International Finance Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
J.P. Morgan Securities India Private Limited has 7 court cases on record: 5 filed by J.P. Morgan Securities India, 2 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 2 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against The Chief Controlling Revenue Authority | Pending |
| Bombay High Court | Writ petition | Filed by the company against The Chief Controlling Revenue Authority and Ors. | Disposed |
| Bombay High Court | Writ petition | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Appeal | Filed against the company | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company | Disposed |
To see the full case history of J.P. Morgan Securities India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
J.P. Morgan Securities India Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 68 overdue payments to 10 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 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| VPD Consultants Pvt Ltd | |||
| Mufg Intime India Private Limited | |||
| Rathi and Associates | |||
| Superseva Services Private Limited |
To see the full MSME payment records of J.P. Morgan Securities India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
J.P. Morgan Securities India has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACJ3898C1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of J.P. Morgan Securities India Private Limited, buy the company report.
Recent activity
J.P. Morgan Securities India Private Limited has 39 board changes on record since 2006: 7 appointments and 32 cessations. The latest: Ajay Jagannath Banavalikar ceased to be Additional Director on 18 Sep 2024.
45 earlier events are in the company report.
News
Frequently asked questions
J.P. Morgan Securities India is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 27 July 1998 (28+ years old) and is registered under CIN U65990MH1998FTC115964.
J.P. Morgan Securities India has 7 current directors:
- Naquiyah Ghadiyali - Whole-Time Director
- Harsh Bansal - Whole-Time Director
- Vikram Aditya Ramani - Whole-Time Director
- Mahesh Ramdas Aras - Director
- Ajay Jagannath Banavalikar - Director
- Bhavin Vipin Shukla - Director
- Siddharth Jhunjhunwala - Director
The latest financial statements of J.P. Morgan Securities India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of J.P. Morgan Securities India is 27AAACJ3898C1ZH, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of J.P. Morgan Securities India is U65990MH1998FTC115964. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
J.P. Morgan Securities India has 7 court cases on record: 5 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
J.P. Morgan Securities India was incorporated on 27 July 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
J.P. Morgan Securities India has 5 deals on record (2 funding rounds, 1 debt financing, 1 rights issue), with disclosed funding of ₹3,547.75 Cr; the latest was in March 2019.
The peers of J.P. Morgan Securities India by revenue are Subhadra Investments Private Limited, Gravity Financial Services Pvt Ltd, Iti Finance Limited, Suntrack Commerce Private Limited, Muthoot Mcred Limited and 1 more, all in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities).
Ajay Jagannath Banavalikar ceased to be Additional Director on 18 Sep 2024. Ajay Jagannath Banavalikar was appointed as Director on 26 Apr 2024. Bhavin Vipin Shukla ceased to be Additional Director on 13 Sep 2023. J.P. Morgan Securities India has 39 board changes on record in total.
J.P. Morgan Securities India has 10 MSME Form 1 returns on record between 2019 and 2023, listing 68 overdue payments to 10 micro and small suppliers. The latest return was filed on 30 Aug 2023.
J.P. Morgan Securities India can be reached through the website jpmorgan.com. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
