Lic Mutual Fund Asset Management Limited - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 1994.

1994 Mumbai, Maharashtra, India Active

Last Updated: January 06, 2026

About Lic Mutual Fund Asset Management Limited

Lic Mutual Fund Asset Management Limited, a active public limited company, was established on 20 April 1994 in Mumbai, Maharashtra, India. Engaging in asset management firms within the financial and insurance service sector, it holds CIN: U67190MH1994PLC077858. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹25.00 Cr and a paid-up capital of ₹17.01 Cr.

Formerly known as Lic Nomura Mutual Fund Asset Management Company Limited., Lic Mutual Fund Asset Management Company Limited. It upholds a compliant status. Employing 244 professional, Its leadership includes Balram Prasad Bhagat (Director), Rima Dhawan (Director), Vijay Sharma (Director). Past directors included Yugo Ishida, Vikas Sharma, Warendra Sinha. Its latest AGM occurred on 25 July 2025, with the balance sheet filed on 31 March 2025. It is based at Indl Assurance Bldg 4Th Flropp Churchgate Station, Mumbai, Maharashtra, 400020.

Company Details

CIN/LLPIN
U67190MH1994PLC077858
Registration Number
077858
Incorporation Date
20 April 1994
Authorized Capital
₹25.00 Cr
Paid-Up Capital
₹17.01 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 25.00 Cr as on 06-01-2026
Paid Up Capital ₹ 17.01 Cr as on 06-01-2026
Company Age 31 Year, 10 Months
Last Filing with ROC 31 Mar 2025
Revenue Growth **** 8.38% (FY 2023)
Profit Growth **** -49.71% (FY 2023)
Ebitda **** 11.07% (FY 2023)
Net Worth 0.10% (FY 2023)
Total Assets **** 1.33% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Lic Mutual Fund Asset Management 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 Lic Mutual Fund Asset Management Limited?

Current Directors

Name	Designation	Appointment Date	Status
Balram Prasad Bhagat	Director	30 Jul 2025	Current
Rima Dhawan	Director	20 Oct 2023	Current
Vijay Sharma	Director	01 Mar 2017	Current
Paul Alphonso Lobo	Nominee Director	28 Nov 2022	Current
Ravi Kumar Jha	Managing Director	04 Jan 2024	Current
Tribhuwan Adhikari	Nominee Director	06 Sep 2023	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	20 Jun 2013	Past
Pramod Abcsdd	Additional Director	05 Aug 2011	Past
Pramod Abcsdd	Nominee Director	20 Sep 2016	Past
Pramod Abcsdd	Director	18 Jan 2011	Past
Pramod Abcsdd	Director	29 Aug 2016	Past
Pramod Abcsdd	Nominee Director	16 Sep 2016	Past

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Financial Performance of Lic Mutual Fund Asset Management.

Lic Mutual Fund Asset Management Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 8.38% increase. The company also saw a substantial fall in profitability, with a 49.71% decrease in profit. The company's net worth moved up by a moderate rise of 0.1%.

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

********

8.38%

*******

Revenue from Operations

*******

4.63%

*******

Total Assets

*******

1.33%

*******

Profit or Loss

*******

-49.71%

*******

Net Worth

*******

0.10%

*******

EBITDA

*******

11.07%

*******

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What is the Ownership and Shareholding Structure of Lic Mutual Fund Asset Management?

In 2023, Lic Mutual Fund Asset Management had a promoter holding of 84.30% and a public holding of 15.70%. 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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How Many Employees Work at Lic Mutual Fund Asset Management?

Lic Mutual Fund Asset Management has a workforce of 244 employees as of Apr 07, 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 Lic Mutual Fund Asset Management, 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 Lic Mutual Fund Asset Management's trajectory.

Rating

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Alerts

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Latest Updates, News, and FAQs on Lic Mutual Fund Asset Management

Recent Activity within the Organization

Director Appointment

Dinesh Pant was appointed as a Nominee Director was appointed as a Nominee Director on 25 Aug 2025 & has been associated with this company since 5 months 29 days . was recorded as a recent event.
25 Aug 2025
Director Appointment

Balram Prasad Bhagat was appointed as a Director was appointed as a Director on 30 Jul 2025 & has been associated with this company since 6 months 25 days . was recorded as a recent event.
30 Jul 2025
Annual General Meeting

Lic Mutual Fund Asset Management Limited last Annual general meeting of members was held on 25 Jul 2025 as per latest MCA records. was recorded as a recent event.
25 Jul 2025
Director Appointment

Lovnish Chunilal Manocha was appointed as a Cfo was appointed as a Cfo on 12 Jun 2025 & has been associated with this company since 8 months 11 days . was recorded as a recent event.
12 Jun 2025
Balance Sheet

The activity Lic Mutual Fund Asset Management Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was completed.
31 Mar 2025
Director Appointment

The activity Sachindra Dattaram Salvi was appointed as a Nominee Director was appointed as a Nominee Director on 14 Mar 2025 & has been associated with this company since 11 months 10 days . was completed.
14 Mar 2025

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