About L&T Mutual Fund Trustee Limited
Data last updated:
L&T Mutual Fund Trustee Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of L&T Finance Holdings Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the diversified financial services segment of the financial services sector. It was incorporated on 30 April 1996.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U65993MH1996PLC211198. Its GSTIN is 27AABCC9718P1Z1 (Maharashtra).
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹15 Lakh. It was formerly known as Dbs Cholamandalam Trustees Limited and Cholamandalam Cazenove Trustee Company Limited. It was led by directors including Abhishek Sharma and Raju Francis Dodti.
Its last annual general meeting (AGM) was held on 28 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹20.89 Lakh, a growth of 111% compared to the previous year. For the same year it recorded a net profit of ₹7.6 Lakh (net margin 36.4%) and EBITDA of ₹7.62 Lakh (EBITDA margin 36.5%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 9% over five years.
Court records list 2 cases involving the company, including 2 filed by the company.
The last known website on record is ltfs.com.
Company details
Name history
L&T Mutual Fund Trustee has undergone 2 name changes throughout its history. The company was previously known as Dbs Cholamandalam Trustees Limited, and Cholamandalam Cazenove Trustee Company Limited. The current legal name is L&T Mutual Fund Trustee Limited.
| Company Name | Status |
|---|---|
| L&T Mutual Fund Trustee Limited | Current |
| Dbs Cholamandalam Trustees Limited | Previous |
| Cholamandalam Cazenove Trustee Company Limited | Previous |
CIN history
L&T Mutual Fund Trustee has one previous CIN (Corporate Identification Number): U65993TN1996PLC035349. The current CIN is U65993MH1996PLC211198, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65993MH1996PLC211198 | Current |
| U65993TN1996PLC035349 | Previous |
Contact details
L&T Mutual Fund Trustee Limited's registered office is in Mumbai, Maharashtra. Its website is ltfs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBrindavan Plot No. 177 C.S.T Road Kalina Santacruz (East), India, Mumbai, Maharashtra, India – 400098
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of L&T Mutual Fund Trustee 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 L&T Mutual Fund Trustee is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of L&T Mutual Fund Trustee Limited, buy the company report.
Financials of L&T Mutual Fund Trustee Limited
FY 2023 filings availableL&T Mutual Fund Trustee Limited reported revenue of ₹20.89 Lakh (up 111% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 111% growth in the latest year. EBITDA rose 94% 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 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 | ₹20.89 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.62 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.6 Lakh | ||||
| 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 | 36.5% | ||||
| Net Profit Margin | 36.4% | ||||
| 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 L&T Mutual Fund Trustee Limited, buy the company report.
Board of directors of L&T Mutual Fund Trustee Limited
L&T Mutual Fund Trustee has 3 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhishek Sharma | Director | 25 Nov 2022 | 3 Years 11 Months | As last reported |
| Raju Francis Dodti | Director | 25 Nov 2022 | 3 Years 11 Months | As last reported |
| Santosh Bhanu Parab Also directs: Zuari Insurance Brokers Limited, Zuari Finserv Limited | Director | 25 Nov 2022 | 3 Years 11 Months | As last reported |
Peer comparison
L&T Mutual Fund Trustee Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial Services), 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 |
|---|---|---|---|---|---|---|
| Innovision Securities Private Limited | ₹20.89 Lakh (FY 2020) | 7.0% | Gurgaon, Haryana, India | |||
| L&T Mutual Fund Trustee Limitedthis company | ₹20.89 Lakh (FY 2023) | ₹7.6 Lakh | 36.4% | 111.0% | Mumbai, Maharashtra, India | |
| Associated Udyog Nidhi Limited | ₹20.88 Lakh (FY 2023) | 113.0% | Pune, Maharashtra, India | |||
| Rajkamal Holdings and Trading Pvt Ltd | ₹20.87 Lakh (FY 2018) | -7.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of L&T Mutual Fund Trustee Limited, buy the company report.
Auditor
L&T Mutual Fund Trustee Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of L&T Mutual Fund Trustee 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 L&T Mutual Fund Trustee Limited, buy the company report.
Legal cases
L&T Mutual Fund Trustee Limited has 2 court cases on record: 2 filed by L&T Mutual Fund Trustee. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of L&T Mutual Fund Trustee 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 L&T Mutual Fund Trustee Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
L&T Mutual Fund Trustee has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCC9718P1Z1 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of L&T Mutual Fund Trustee Limited, buy the company report.
Recent activity
L&T Mutual Fund Trustee Limited has 25 board changes on record since 2007: 3 appointments and 22 cessations. The latest: Abhishek Sharma ceased to be Additional Director on 27 Jul 2023.
16 earlier events are in the company report.
News
Frequently asked questions
L&T Mutual Fund Trustee has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
L&T Mutual Fund Trustee was a public limited company based in Mumbai, Maharashtra, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 30 April 1996 and is registered under CIN U65993MH1996PLC211198. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
L&T Mutual Fund Trustee was incorporated on 30 April 1996. It is registered with the Registrar of Companies, Mumbai.
L&T Mutual Fund Trustee had 3 directors:
- Abhishek Sharma - Director
- Raju Francis Dodti - Director
- Santosh Bhanu Parab - Director
The CIN (Corporate Identification Number) of L&T Mutual Fund Trustee is U65993MH1996PLC211198. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of L&T Mutual Fund Trustee is at Brindavan Plot No. 177 C.S.T Road Kalina Santacruz East, India, Mumbai, Maharashtra, India – 400098.
L&T Mutual Fund Trustee can be reached through the website ltfs.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of L&T Mutual Fund Trustee on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 28 July 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of L&T Mutual Fund Trustee is 27AABCC9718P1Z1, registered in Maharashtra.
L&T Mutual Fund Trustee operated in the financial services industry, in the diversified financial services segment.
The peers of L&T Mutual Fund Trustee by revenue are Innovision Securities Private Limited, Associated Udyog Nidhi Limited, Rajkamal Holdings and Trading Pvt Ltd, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).