About Karvy Stock Broking Limited
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Karvy Stock Broking Limited is a public limited company based in Hyderabad, Telangana, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 30 March 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U67120TG1995PLC019877. The company has 43 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹2.26 Cr. It was formerly known as Karvy Stock Broking Private Limited. It is led by directors including Comandur Parthasarathy (Managing Director) and Yugandhar Meka.
Its last annual general meeting (AGM) was held on 13 July 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Karvy Millennium Plot No.31/P Nanakramguda Financial District Gachibowli, Hyderabad, Telangana, India – 500032.
As per the financials filed for FY 2019, the company reported a revenue of ₹546.2 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹103.74 Cr (net margin 19%) and EBITDA of ₹437.18 Cr (EBITDA margin 80%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years.
The company has about 24 employees on its provident fund (EPFO) records. Its group structure includes 18 subsidiaries.
The company is associated with 1 brand: Karvy. As per MCA filings, the company has open charges of ₹1,360 Cr and satisfied charges of ₹974.69 Cr on record. Court records list 720 cases involving the company, including 344 filed by the company and 377 filed against it; 109 cases are pending. The company has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹133 Cr; the latest was in October 2021. The company has 2 MSME Form 1 returns on record for the period ending Sep 2020, listing 3 overdue payments to 2 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 karvy.com.
Company details
CIN history
Karvy Stock Broking has one previous CIN (Corporate Identification Number): U67120AP1995PLC019877. The current CIN is U67120TG1995PLC019877, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120TG1995PLC019877 | Current |
| U67120AP1995PLC019877 | Previous |
Contact details
Karvy Stock Broking Limited's registered office is in Hyderabad, Telangana. Its website is karvy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressKarvy Millennium Plot No.31/P Nanakramguda Financial District Gachibowli, Hyderabad, Telangana, India – 500032
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Karvy Stock Broking 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 Karvy Stock Broking is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| 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 | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Karvy Stock Broking Limited, buy the company report.
Financials of Karvy Stock Broking Limited
FY 2018 filings availableKarvy Stock Broking Limited reported revenue of ₹546.2 Cr (up 4% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 23% over three years, including 4% growth in the latest year. EBITDA fell 15% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹546.2 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹437.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹103.74 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 80% | ||||
| Net Profit Margin | 19% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
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| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Karvy Stock Broking Limited, buy the company report.
Board of directors of Karvy Stock Broking Limited
Karvy Stock Broking has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Comandur Parthasarathy Also directs: Karvy Comtrade Limited, Karvy Holdings Limited, Karvy Realty (India) Limited and 4 more | Managing Director | 26 May 1995 | 31 Years 5 Months | Current |
| Bhagwan Das Narang | Additional Director | 29 Sep 2008 | 18 Years 1 Months | Current |
| Yugandhar Meka | Director | 30 Mar 1995 | 31 Years 6 Months | Current |
| Jyothi Prasad | Additional Director | 30 Jun 2015 | 11 Years 3 Months | Current |
Auditor
Karvy Stock Broking Limited is audited by BSR & Asociates LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & Asociates LLP | FY 2019 | 116231W/W-100024 |
Shareholding
The shareholding of Karvy Stock Broking Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Karvy Stock Broking Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2019 | 100292173 | Others | ₹875 Cr | Open | |
| 25 Mar 2019 | 100251138 | Others | ₹100 Cr | Open | |
| 10 Jan 2019 | 100235388 | Axis Bank Limited | ₹25 Cr | Open | |
| 25 Oct 2017 | 100155932 | Hdfc Bank Limited | ₹105 Cr | Open | |
| 27 Jul 2016 | 100065538 | Hdfc Bank Limited | ₹90 Cr | Open |
To see the full charge records of Karvy Stock Broking Limited, buy the company report.
Total charge records: 32 View all charges
Deals & funding
Karvy Stock Broking Limited has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹133 Cr; the latest was in October 2021.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2021 | Acquisition | Undisclosed | Buyer: Prudent Corporate Advisory Services Limited Seller: Karvy Stock Broking Limited |
| May 2015 | Secondary share transfer | Undisclosed | Buyer: Karvy Consultants Limited Seller: Icici Venture |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2008 | Funding round | ₹20 Cr | Investors: Icici Venture, EQT Private Capital Asia (Baring Private Equity Asia) |
| Dec 2007 | Secondary share transfer | Undisclosed | Seller: Karvy Investor Services Limited |
To see the full deal history of Karvy Stock Broking Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Karvy Stock Broking Limited has 720 court cases on record: 344 filed by Karvy Stock Broking, 377 filed against it. 109 cases are pending and 611 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 448 | 210 | 64 |
| High courts | 255 | 157 | 44 |
| Supreme Court | 14 | 8 | 1 |
| NCLT | 3 | 2 | 0 |
Cases on record (5 of 720)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (4201-SEBI Act and Securities Laws including Forward Contract Regulation Act, 1952 and Securities Contracts (Regulation) Act, 1956 : SEBI Act and Securities Laws including Forward Contract Regulation Act, 1952 and Securities Contracts (Regulation) Act, 1956) | Filed by the company against Securities and Exchange Board of India (Sebi), | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Karvy Realty India Limited | Pending |
| District court, Rangareddy, Telangana | Court case (CEP) | Filed against the company by Ms Schindler India Private Limited | Pending |
| District court, Hyderabad CCC, Telangana | Court case (COS) | Filed against the company by Stalwarts Stock Broking Pvt Ltd | Pending |
| District court, Hyderabad CCC, Telangana | Court case (COS) | Filed against the company by Kapston Services Limited Formerly Known As Kapston Facilities Management Limited and 1 other | Pending |
To see the full case history of Karvy Stock Broking 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.
Credit ratings & regulatory alerts
Karvy Stock Broking Limited was last rated by Icra on 29 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Dec 2020 |
To see the full credit ratings and regulatory alerts of Karvy Stock Broking Limited, buy the company report.
MSME payment delays
Karvy Stock Broking Limited has 2 MSME Form 1 returns on record for the period ending Sep 2020, listing 3 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Manish Ghai & Associates | |||
| Balaji Scan Private Limited |
To see the full MSME payment records of Karvy Stock Broking Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Karvy Stock Broking has 18 subsidiary companies and 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Karvy Comtrade Limited | U51909TG2003PLC042096 | |
| Karvy Forex & Currencies Private Limited | U65910TG2008PTC120871 | |
| Karvy Capital Limited | U65990MH1981PLC025980 | |
| Karvy Holdings Limited | U65993TG2011PLC077813 | |
| Karvy Broking (Ifsc) Limited | U65999GJ2017PLC095665 | |
| Karvy Realty (India) Limited | U66010TG2003PLC041681 |
To see the full group structure of Karvy Stock Broking Limited, buy the company report.
Employees & EPFO
Karvy Stock Broking Limited has a workforce of 24 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Karvy Stock Broking has 43 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 Karvy Stock Broking Limited, buy the company report.
Recent activity
Karvy Stock Broking Limited has 18 board changes on record since 1995: 4 appointments and 14 cessations. The latest: Amitabh Jitendra Chaturvedi ceased to be Ceo(Kmp) on 14 Jan 2021.
76 earlier events are in the company report.
News
Frequently asked questions
Karvy Stock Broking is an active public limited company based in Hyderabad, Telangana, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 30 March 1995 (31+ years old) and is registered under CIN U67120TG1995PLC019877.
Karvy Stock Broking has 4 current directors:
- Comandur Parthasarathy - Managing Director
- Bhagwan Das Narang - Additional Director
- Yugandhar Meka - Director
- Jyothi Prasad - Additional Director
The latest financial statements of Karvy Stock Broking on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 13 July 2018. Year-wise statements from 2015 are in the company report.
No. Karvy Stock Broking has 43 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Karvy Stock Broking is U67120TG1995PLC019877. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karvy Stock Broking has 720 court cases on record: 344 filed by the company and 377 filed against it. 109 are pending. Most are in the district courts.
Karvy Stock Broking was incorporated on 30 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Hyderabad.
Karvy Stock Broking has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹133 Cr; the latest was in October 2021.
Amitabh Jitendra Chaturvedi ceased to be Ceo(Kmp) on 14 Jan 2021. Sailaja Yalamanchili ceased to be Company Secretary on 14 Dec 2020. Bhagwan Das Narang ceased to be Director on 29 Jun 2020. Karvy Stock Broking has 18 board changes on record in total.
Karvy Stock Broking has 2 MSME Form 1 returns on record for the period ending Sep 2020, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 28 Feb 2021.
Karvy Stock Broking can be reached through the website karvy.com. Its registered office is in Hyderabad, Telangana, India.