- #748 Rashesh Chandrakant Shah & family ₹4,200 Cr

Mabella Trustee Services Private Limited
About Mabella Trustee Services Private Limited
Data last updated:
Mabella Trustee Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 23 June 2006 and has been in existence for over 20 years.
Its director Rashesh Chandrakant Shah and family are #748 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65910MH2006PTC162818.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹5 Lakh. It was formerly known as Ivy Financial Services Private Limited. It is led by directors Vidya Shah and Rashesh Chandrakant Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Edelweiss House Off. C.S.T Road Kalina, Mumbai, Maharashtra, India – 400098.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.09 Lakh, a growth of 70% compared to the previous year. For the same year it recorded a net profit of ₹2.39 Lakh (net margin 77.3%) and EBITDA of ₹2.65 Lakh (EBITDA margin 85.7%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 25% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Recognitions & Rankings of Mabella Trustee Services
Contact details
Mabella Trustee Services Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressEdelweiss House Off. C.S.T Road Kalina, Mumbai, Maharashtra, India – 400098
- IndustryFinancial Services, Financial Activities
To see the full contact details of Mabella Trustee Services 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
The main business activity of Mabella Trustee Services is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Mabella Trustee Services Private Limited, buy the company report.
Financials of Mabella Trustee Services Private Limited
FY 2025 filings availableMabella Trustee Services Private Limited reported revenue of ₹3.09 Lakh (up 70% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 70% growth in the latest year. EBITDA rose 108% 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 |
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| EBITDA | ₹2.65 Lakh | ||||
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| Net Profit (PAT) | ₹2.39 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 85.7% | ||||
| Net Profit Margin | 77.3% | ||||
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To see the full financial statements and ratios of Mabella Trustee Services Private Limited, buy the company report.
Board of directors of Mabella Trustee Services Private Limited
Mabella Trustee Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vidya Shah Also directs: Spire Investment Advisors LLP, Mabella Investment Adviser LLP, Oak Investment Adviser LLP and 5 more | Director | 13 Mar 2017 | 9 Years 7 Months | Current |
| Rashesh Chandrakant Shah Also directs: Spire Investment Advisors LLP, Mabella Investment Adviser LLP, Oak Investment Adviser LLP and 5 more | Director | 13 Mar 2017 | 9 Years 7 Months | Current |
Peer comparison
Mabella Trustee Services Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Om Samarth Chits Private Limited | ₹3.12 Lakh (FY 2025) | Gadag, Karnataka, India | ||||
| Revant Trading Private Limited | ₹3.1 Lakh (FY 2025) | Jaipur, Rajasthan, India | ||||
| Staar Vision Financial Services Private Limited | ₹3.1 Lakh (FY 2025) | -11.0% | Indore, Madhya Pradesh, India | |||
| LK Nayar Finserve Private Limited | ₹3.09 Lakh (FY 2025) | 5153933.0% | Ranchi, Jharkhand, India | |||
| Satyam Investment Advisory Private Limited. | ₹3.09 Lakh (FY 2024) | 616.0% | Kolkata, West Bengal, India | |||
| Mabella Trustee Services Private Limitedthis company | ₹3.09 Lakh (FY 2025) | ₹2.39 Lakh | 77.3% | 70.0% | Mumbai, Maharashtra, India | |
| Pancham Distributors Private Limited | ₹3.08 Lakh (FY 2025) | -90.0% | Kolkata, West Bengal, India | |||
| R.D.C.Investments Private Limited | ₹3.08 Lakh (FY 2024) | -97.0% | Bangalore, Karnataka, India | |||
| Harijash Investments Pvt Ltd | ₹3.06 Lakh (FY 2025) | -27.0% | Mumbai, Maharashtra, India | |||
| Saiind Chits Private Limited | ₹3.06 Lakh (FY 2025) | -56.0% | Bengaluru, Karnataka, India | |||
| Ratni Finserv Private Limited | ₹3.06 Lakh (FY 2025) | Howrah, West Bengal, India |
To see the full peer comparison of Mabella Trustee Services Private Limited, buy the company report.
Auditor
Mabella Trustee Services Private Limited is audited by N G S & CO LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N G S & CO LLP | FY 2018 | 119850W |
Shareholding
The shareholding of Mabella Trustee Services Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Mabella Trustee Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mabella Trustee Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mabella Trustee Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Mabella Trustee Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mabella Trustee Services Private Limited has 8 board changes on record since 2006: 5 appointments and 3 cessations. The latest: Rajeev Khandal ceased to be Director on 17 Mar 2017.
Frequently asked questions
Mabella Trustee Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in financial activities, within the financial services industry. It was incorporated on 23 June 2006 (20+ years old) and is registered under CIN U65910MH2006PTC162818.
Mabella Trustee Services has 2 current directors:
- Vidya Shah - Director
- Rashesh Chandrakant Shah - Director
The latest financial statements of Mabella Trustee Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mabella Trustee Services is U65910MH2006PTC162818. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mabella Trustee Services was incorporated on 23 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Mabella Trustee Services by revenue are Om Samarth Chits Private Limited, Revant Trading Private Limited, Staar Vision Financial Services Private Limited, LK Nayar Finserve Private Limited, Satyam Investment Advisory Private Limited. and 5 more, all in the same principal business activity (activities auxiliary to financial service and insurance activities).
Rajeev Khandal ceased to be Director on 17 Mar 2017. Vijay Sitaram Shelar ceased to be Director on 17 Mar 2017. Rashesh Chandrakant Shah was appointed as Director on 13 Mar 2017. Mabella Trustee Services has 8 board changes on record in total.
The registered office of Mabella Trustee Services is at Edelweiss House Off. C.S.T Road Kalina, Mumbai, Maharashtra, India – 400098.
Mabella Trustee Services operates in the financial services industry, in the financial activities segment.
The compliance status of Mabella Trustee Services is compliant as of 28 September 2026. The company is actively filing with the Registrar of Companies.
Yes. Mabella Trustee Services was formerly known as Ivy Financial Services Private Limited.

