About Keynote Capitals Limited
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Keynote Capitals Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Keynote Financial Services Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 08 May 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1995PLC088172. Its GSTIN is 27AAACK2618R1Z5 (Maharashtra).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹11.27 Cr. It is led by directors including Rakesh Shriram Choudhari (Managing Director) and Vineet Suchanti.
Its last annual general meeting (AGM) was held on 20 August 2026, and its latest financial statements are for the year ended 31 March 2025. The registered office is at The Ruby 9th Floor Senapati Bapat Marg Dadar (West), Mumbai, Maharashtra, India – 400028.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.37 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹6.69 Cr (net margin 34.5%) and EBITDA of ₹9.79 Cr (EBITDA margin 50.5%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 54% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Keynote Capitals and FIKAA. As per MCA filings, the company has open charges of ₹17.84 Cr on record. Court records list 27 cases involving the company, including 17 filed by the company and 10 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website keynotecapitals.com.
Company details
CIN history
Keynote Capitals has one previous CIN (Corporate Identification Number): U67120MH1995PTC088172. The current CIN is U67120MH1995PLC088172, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120MH1995PLC088172 | Current |
| U67120MH1995PTC088172 | Previous |
Contact details
Keynote Capitals Limited's registered office is in Mumbai, Maharashtra. Its website is keynotecapitals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressThe Ruby 9th Floor Senapati Bapat Marg Dadar (West), Mumbai, Maharashtra, India – 400028
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Keynote Capitals 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
Brands
Keynote Capitals operates two associated brands: Keynote Capitals and FIKAA. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial services including stock trading, mutual funds, and depository operations in India. | keynotecapitals.com | |
| A technology company focused on smarter returns management solutions is operated. | fikaa.in |
Business activity
The main business activity of Keynote Capitals is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| 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 |
To see the full business activity and turnover split of Keynote Capitals Limited, buy the company report.
Financials of Keynote Capitals Limited
FY 2025 filings availableKeynote Capitals Limited reported revenue of ₹19.37 Cr (down 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 54%. EBITDA fell 48% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹19.37 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹9.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.69 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 50.5% | ||||
| Net Profit Margin | 34.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Keynote Capitals Limited, buy the company report.
Board of directors of Keynote Capitals Limited
Keynote Capitals has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Shriram Choudhari Also directs: Keynote Financial Services Limited, Green Leaf Fintech Private Limited, Keynote Fincorp Limited and 3 more | Managing Director | 01 Apr 2013 | 13 Years 6 Months | Current |
| Vineet Suchanti Also directs: Itsa Brand Innovations LLP, Cosy Mercantile LLP, Keynote Financial Services Limited and 5 more | Director | 30 Oct 1998 | 27 Years 11 Months | Current |
| Ravindranath Cheerakuzhi Puthan Menon Also directs: Keynote Financial Services Limited | Director | 12 Jul 2024 | 2 Years 3 Months | Current |
Auditor
Keynote Capitals Limited is audited by K.K Bhageria & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.K Bhageria & Co | FY 2023 | 0101106W |
Shareholding
The shareholding of Keynote Capitals 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 Keynote Capitals Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2025 | 101213671 | Others | ₹1.12 Cr | Open | |
| 31 Dec 2024 | 101044296 | Hdfc Bank Limited | ₹48 Lakh | Open | |
| 13 Feb 2024 | 100902159 | Others | ₹15 Lakh | Open | |
| 26 Jul 2018 | 100202295 | Hdfc Bank Limited | ₹58 Lakh | Open | |
| 30 Apr 2018 | 100183859 | Others | ₹25.95 Lakh | Open |
To see the full charge records of Keynote Capitals Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Keynote Capitals Limited has 27 court cases on record: 17 filed by Keynote Capitals, 10 filed against it. 1 case is pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 8 | 1 |
| District courts | 9 | 2 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against National Stock Exchange of India Ltd. and 2 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons warrent Cases SW) | Filed against the company by Eco Recycling Ltd. | Disposed |
| District court, Pune, Maharashtra | Court case (R.C.C.) | Filed against the company by Swojas Finance Pvt. Ltd. | Disposed |
| Bombay High Court | Court case (SS) | Filed against the company by Citizen Hotels Pvt Ltd | Disposed |
| Bombay High Court | Court case (APP) | Filed against the company by Eco Recycling Limited | Pending |
To see the full case history of Keynote Capitals 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
No delayed payments to MSME suppliers are on our record for Keynote Capitals Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Keynote Capitals has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Keynote Capitals Limited has a workforce of 18 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Keynote Capitals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK2618R1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Keynote Capitals Limited, buy the company report.
Recent activity
Keynote Capitals Limited has 11 board changes on record since 1998: 3 appointments and 8 cessations. The latest: Ravindranath Cheerakuzhi Puthan Menon ceased to be Additional Director on 05 Aug 2024.
11 earlier events are in the company report.
News
Frequently asked questions
Keynote Capitals 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 08 May 1995 (31+ years old) and is registered under CIN U67120MH1995PLC088172.
Keynote Capitals has 3 current directors:
- Rakesh Shriram Choudhari - Managing Director
- Vineet Suchanti - Director
- Ravindranath Cheerakuzhi Puthan Menon - Director
The latest financial statements of Keynote Capitals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Keynote Capitals is 27AAACK2618R1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Keynote Capitals is U67120MH1995PLC088172. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Keynote Capitals has 27 court cases on record: 17 filed by the company and 10 filed against it. 1 is pending. Most are in the high courts.
Keynote Capitals was incorporated on 08 May 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Ravindranath Cheerakuzhi Puthan Menon ceased to be Additional Director on 05 Aug 2024. Ravindranath Cheerakuzhi Puthan Menon was appointed as Director on 12 Jul 2024. Manish Chandrakant Desai ceased to be Additional Director on 27 Aug 2018. Keynote Capitals has 11 board changes on record in total.
Keynote Capitals can be reached through the website keynotecapitals.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Keynote Capitals is at The Ruby 9th Floor Senapati Bapat Marg Dadar West, Mumbai, Maharashtra, India – 400028.