MSL Global Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L18109MH1983PLC029929 Incorporated 06 May 1983 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 511000 Public Limited Company financial services
Data last updated
Market Cap
₹35.98 Cr
MSLGLOBAL · BSE
Share Price
₹17.85
+6.25% today
Revenue
₹7.29 Cr
FY 2025-26 · - YoY
EBITDA
₹4.40 Cr
Margin 60.4%
Net Profit
₹2.14 Cr
FY 2025-26 · +361.0% YoY
P/E (TTM)
18.0x
P/B 0.5x
Authorised capital
₹40 Cr
Registered with MCA
Paid-up capital
₹21.42 Cr
Issued & subscribed

About MSL Global Limited

Data last updated:

MSL Global Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 06 May 1983 and has been in existence for over 43 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L18109MH1983PLC029929. It is a listed company as per MCA records. Its shares are listed on BSE: 511000.

The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹21.42 Cr. It was formerly known as Madhusudan Securities Limited. It is led by directors including Salim Pyarali Govani (Managing Director) and Sausan Bukhari.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹7.29 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.14 Cr (net margin 29.4%) and EBITDA of ₹4.4 Cr (EBITDA margin 60.4%). The net worth stands at ₹76.38 Cr (down 6.3% YoY). Total assets are valued at ₹78.48 Cr (down 3.8% YoY).

Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending. The company has 63 deals on record (63 market trades); the latest was in September 2026. Its 6 peer companies in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 4 smaller; the largest is Chiropolis Property Private Limited with revenue of ₹6.76 Lakh.

The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN L18109MH1983PLC029929
Registration Number 029929
Incorporation Date 06 May 1983
ROC Mumbai
Listing Status Listed - Listed on BSE (511000)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

MSL Global has one previous CIN (Corporate Identification Number): L67120MH1983PLC029929. The current CIN is L18109MH1983PLC029929, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L18109MH1983PLC029929Current
L67120MH1983PLC029929Previous

Contact details

MSL Global Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    37 National Storage Building Plot No. 424 – B Nr. Johnson & Johnson Bldg S. B. Road, Mahim (W), Mumbai, Maharashtra, India – 400016
  • Industry
    Financial Services, Diversified Financial Services

To see the full contact details of MSL Global Limited, buy the company report.

Comprehensive company report
MSL Global Limited - one report that includes everything
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  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Financials of MSL Global Limited

FY 2025-26 filings available

MSL Global Limited reported revenue of ₹7.29 Cr (up 12050% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹7.29 Cr
- YoY
EBITDA
₹4.40 Cr
+630.1% YoY
Profit After Tax
₹2.14 Cr
+361.0% YoY
Net Worth
₹76.38 Cr
-6.3% YoY
Total Assets
₹78.48 Cr
-3.8% YoY
Total Debt
₹0.06 Cr

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24
Income statement
Revenue7.290.060.00
EBITDA4.40(0.83)(0.30)
EBITDA margin+60.4%-1383.3%-
Profit before tax3.48(0.82)0.15
Net profit2.14(0.82)0.12
Net profit margin+29.4%-1366.7%-
EPS (₹)1.31(0.74)0.14
Balance sheet
Total assets78.4881.54157
Net worth76.3881.55157
Total debt0.060.000.00
Cash & bank10.771.340.01
Net working capital11.20(1.92)(11.43)
Cash flow
Cash from operations(6.39)(8.72)9.84
Cash from investing1.56(4.57)(9.83)
Cash from financing13.9414.630.00
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.122.145.140.000.000.040.020.01
Revenue growth (YoY)-+5250.0%--100.0%----
Other income0.000.000.000.000.000.000.000.00
EBITDA(0.85)0.644.25(0.25)(0.24)(0.13)(0.17)(0.14)
EBITDA margin-2125.0%+58.7%------
Depreciation0.561.580.020.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax(1.06)(0.49)4.46(0.25)(0.24)(0.13)(0.17)(0.14)
Tax0.00(0.12)0.790.000.000.000.000.00
Net profit(1.06)(0.37)3.67(0.25)(0.24)(0.13)(0.17)(0.14)
EPS (₹)(0.50)(0.17)2.19(0.17)(0.22)(0.12)(0.16)(0.13)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue6.170.060.000.000.010.010.00
Revenue growth----100.0%0.0%--
EBITDA5.87(0.53)(0.30)(0.17)(0.11)(0.12)(0.17)
EBITDA margin+95.1%-883.3%---1100.0%-1200.0%-
Profit before tax5.87(0.52)0.15(0.13)(0.10)(0.06)(0.17)
Net profit4.97(0.52)0.12(0.13)(0.10)(0.06)(0.17)
Net profit margin+80.6%-866.7%---1000.0%-600.0%-
EPS (₹)2.32(0.47)0.14(0.16)(0.11)(0.07)(0.20)
Balance sheet
Total assets84.0281.8515753.7453.7616.9917.06
Net worth84.0281.8615753.7453.7616.9917.06
Total debt0.000.000.000.000.000.000.00
Cash & bank9.631.340.010.000.010.050.00
Net working capital9.09(1.91)(11.43)(1.72)(1.64)(1.54)(1.25)
Cash flow
Cash from operations(3.83)(8.72)(44.21)(0.06)(0.04)0.25(0.04)
Cash from investing(1.82)(4.57)44.220.050.00(0.20)0.01
Cash from financing13.9414.630.000.000.000.000.00
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.071.045.130.000.000.040.020.01
Revenue growth (YoY)-+2500.0%--100.0%----
Other income0.000.000.000.000.000.000.000.00
Total expenses0.100.070.080.060.090.110.050.06
EBITDA(0.03)0.975.05(0.06)(0.09)(0.07)(0.03)(0.05)
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax(0.03)0.975.05(0.06)(0.09)(0.07)(0.03)(0.05)
Tax0.000.110.790.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 26 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.122.145.140.000.000.040.020.01
Revenue growth (YoY)-+5250.0%--100.0%----
Other income0.000.000.000.000.000.000.000.00
EBITDA(0.85)0.644.25(0.25)(0.24)(0.13)(0.17)(0.14)
EBITDA margin-2125.0%+58.7%------
Depreciation0.561.580.020.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax(1.06)(0.49)4.46(0.25)(0.24)(0.13)(0.17)(0.14)
Tax0.00(0.12)0.790.000.000.000.000.00
Net profit(1.06)(0.37)3.67(0.25)(0.24)(0.13)(0.17)(0.14)
EPS (₹)(0.50)(0.17)2.19(0.17)(0.22)(0.12)(0.16)(0.13)
ParticularsFY 2025-26FY 2024-25FY 2023-24
Revenue7.290.060.00
Other income0.000.010.45
Total expenses2.890.890.30
Employee cost0.000.050.03
EBITDA4.40(0.83)(0.30)
EBITDA margin+60.4%-1383.3%-
Depreciation1.590.000.00
Interest0.000.000.00
Profit before tax3.48(0.82)0.15
Tax0.670.000.03
Net profit2.14(0.82)0.12
Net profit margin+29.4%-1366.7%-
EPS (₹)1.31(0.74)0.14
ParticularsFY 2025-26FY 2024-25FY 2023-24
Equity & liabilities
Share capital21.4211.108.70
Reserves & surplus54.9660.14148
Shareholders' funds (net worth)76.3881.55157
Minority interest1.900.000.00
Secured loans0.000.000.00
Unsecured loans0.060.000.00
Total debt0.060.000.00
Total liabilities78.4881.54157
Assets
Gross block3.450.000.00
Net block3.450.000.00
Capital work in progress2.150.000.00
Investments6.2728.30113
Inventories0.030.000.00
Sundry debtors1.170.000.00
Cash & bank balances10.771.340.01
Loans & advances0.510.000.00
Total current assets12.481.340.01
Total current liabilities1.283.2611.44
Net working capital11.20(1.92)(11.43)
Total assets78.4881.54157
ParticularsFY 2025-26FY 2024-25FY 2023-24
Opening cash1.340.010.00
Net cash from operating activities(6.39)(8.72)9.84
Net cash from investing activities1.56(4.57)(9.83)
Net cash from financing activities13.9414.630.00
Net change in cash9.111.330.01
Closing cash10.771.340.01
ParticularsFY 2025-26FY 2024-25FY 2023-24
Growth
EBITDA growth+630.1%-176.7%-
PBT growth+9998.0%-+9997.0%
Net income growth+361.0%-783.3%-
Profitability & leverage
Net income margin+29.4%-1366.7%-
Return on capital employed-0.0%+0.1%
Return on net worth-0.0%+0.1%
Debt / equity-0.000.00
Long-term debt / equity-0.000.00
Interest cover0.000.000.00
Efficiency & per share
Fixed asset turnover-0.000.00
Inventory turnover-0.000.00
Debtors turnover-0.000.00
EPS (₹)1.31(0.74)0.14
Dividend per share (₹)0.000.000.00
Book value per share (₹)0.0064.21180.03
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.071.045.130.000.000.040.020.01
Revenue growth (YoY)-+2500.0%--100.0%----
Other income0.000.000.000.000.000.000.000.00
Total expenses0.100.070.080.060.090.110.050.06
EBITDA(0.03)0.975.05(0.06)(0.09)(0.07)(0.03)(0.05)
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax(0.03)0.975.05(0.06)(0.09)(0.07)(0.03)(0.05)
Tax0.000.110.790.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue6.170.060.000.000.010.010.00
Revenue growth----100.0%0.0%--
Other income0.000.010.450.040.010.060.00
Total expenses0.300.590.300.170.120.130.17
Employee cost0.000.050.030.030.030.040.03
EBITDA5.87(0.53)(0.30)(0.17)(0.11)(0.12)(0.17)
EBITDA margin+95.1%-883.3%---1100.0%-1200.0%-
Depreciation0.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.00
Profit before tax5.87(0.52)0.15(0.13)(0.10)(0.06)(0.17)
Tax0.900.000.030.000.000.000.00
Net profit4.97(0.52)0.12(0.13)(0.10)(0.06)(0.17)
Net profit margin+80.6%-866.7%---1000.0%-600.0%-
EPS (₹)2.32(0.47)0.14(0.16)(0.11)(0.07)(0.20)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital21.4211.108.708.708.708.708.70
Reserves & surplus62.6060.4514845.0445.068.298.36
Shareholders' funds (net worth)84.0281.8615753.7453.7616.9917.06
Secured loans0.000.000.000.000.000.000.00
Unsecured loans0.000.000.000.000.000.000.00
Total debt0.000.000.000.000.000.000.00
Total liabilities84.0281.8515753.7453.7616.9917.06
Assets
Gross block0.000.000.000.000.000.000.00
Net block0.000.000.000.000.000.000.00
Capital work in progress0.000.000.000.000.000.000.00
Investments19.7728.601130.310.250.230.02
Inventories0.000.000.000.000.000.000.00
Sundry debtors0.000.000.000.000.000.000.00
Cash & bank balances9.631.340.010.000.010.050.00
Loans & advances0.000.000.000.000.000.000.00
Total current assets9.631.340.010.000.010.050.00
Total current liabilities0.543.2511.441.721.651.591.25
Net working capital9.09(1.91)(11.43)(1.72)(1.64)(1.54)(1.25)
Total assets84.0281.8515753.7453.7616.9917.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.340.010.000.010.050.000.02
Net cash from operating activities(3.83)(8.72)(44.21)(0.06)(0.04)0.25(0.04)
Net cash from investing activities(1.82)(4.57)44.220.050.00(0.20)0.01
Net cash from financing activities13.9414.630.000.000.000.000.00
Net change in cash8.291.330.01(0.01)(0.04)0.05(0.02)
Closing cash9.631.340.010.000.010.050.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth----100.0%0.0%--
EBITDA growth+1207.6%-76.7%-76.5%-54.6%+8.3%+29.4%-
PBT growth+9998.0%-+9998.0%-30.0%-66.7%+64.7%-54.6%
Net income growth+1055.8%-533.3%+192.3%-30.0%-66.7%+64.7%-
Revenue CAGR (3Y)-+81.7%-100.0%--0.0%-100.0%
EBITDA CAGR (3Y)-+68.9%+35.7%0.0%0.0%-9.1%+6.7%
Profitability & leverage
Net income margin+80.6%-866.7%---1000.0%-600.0%-
Return on capital employed-0.0%+0.1%0.0%0.0%0.0%0.0%
Return on net worth-0.0%+0.1%0.0%0.0%0.0%0.0%
Debt / equity-0.000.000.000.000.000.00
Long-term debt / equity-0.000.000.000.000.000.00
Interest cover0.000.000.000.000.000.000.00
Efficiency & per share
Fixed asset turnover-0.000.000.000.000.000.00
Inventory turnover-0.000.000.000.000.000.00
Debtors turnover-0.000.000.000.000.000.00
EPS (₹)2.32(0.47)0.14(0.16)(0.11)(0.07)(0.20)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0064.48180.0361.8061.8219.5319.61

To see the full year-wise statements and ratios of MSL Global Limited, buy the company report.

Board of directors of MSL Global Limited

MSL Global has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sausan BukhariDirector21 Apr 201511 Years 6 MonthsCurrent
Salim Pyarali GovaniManaging Director21 Apr 201511 Years 6 MonthsCurrent
Bhavik Ashokkumar ShahDirector30 Sep 20242 Years 0 MonthsCurrent
Meghna Mahendra SavlaDirector24 May 20233 Years 5 MonthsCurrent
Raj Kumar VaisohaDirector24 May 20233 Years 5 MonthsCurrent

Peer comparison

MSL Global Limited is compared with the 6 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
MSL Global Limitedthis company₹7.29 Cr (FY 2026)₹2.14 Cr29.4%12050.0%Mumbai, Maharashtra, India
Chiropolis Property Private Limited₹6.76 Lakh (FY 2025)-7.0%Kolkata, West Bengal, India
Swati Viniyog Pvt. Ltd.₹6.76 Lakh (FY 2024)2.0%Clive Row Calcutta-1, West Bengal, India
Avijit Estate & Holdings Limited₹6.75 Lakh (FY 2025)26.0%Kolkata, West Bengal, India
Eurotech Intronix Private Limited₹6.75 Lakh (FY 2024)-28.0%Delhi, India
LDM Services Private Limited₹6.75 Lakh (FY 2024)88.0%New Delhi, Delhi, India
Usha Vanijya Pvt Ltd₹6.74 Lakh (FY 2020)49.0%Indore, Madhya Pradesh, India

To see the full peer comparison of MSL Global Limited, buy the company report.

Auditor

MSL Global Limited is audited by S V BHAT & CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
S V BHAT & COFY 2023101298W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 16.20%, foreign institutional investors hold 2.40%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 81.40%.

Promoters: 16.20%FII (Foreign Institutional): 2.40%Retail & Others: 81.40%
Sep 2026
QUARTER
16.20% Promoters
2.40% FII (Foreign Institutional)
81.40% Retail & Others
Promoter holding - history
Now 16.20% · Sep 2026High 23.30% · Dec 2025Low 15.80% · Mar 2026
14%16.8%19.5%22.3%25%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 23.30%Mar 2026: 15.80%Jun 2026: 16.20%Sep 2026: 16.20%23.30%15.80%16.20%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters16.20%16.20%15.80%23.30%
Public83.80%83.80%84.20%76.70%

Deals & funding

MSL Global Limited has 63 deals on record (63 market trades); the latest was in September 2026.

Total deals
63
Market trades
63

Deals on record (5 of 63)

WhenDealAmountParties
Feb 2024Market trade₹20.8 LakhBuyer: Mansi Share and Stock Broking Private Limited
Feb 2023Market trade₹2.24 CrBuyer: Madhavan Texpro Private Limited , an individual
Seller: 2 individuals
Oct 2022Market trade₹46.8 LakhBuyer: 2 individuals
Seller: Samalkha Shares Consultants LLP , Mithun Securities Private Limited , an individual
Sep 2022Market trade₹99.4 LakhBuyer: Mithun Securities Private Limited , 3 individuals
Seller: Multiplier Share and Stock Advisors Private Limited , 3 individuals
Sep 2022Market trade₹8.7 LakhBuyer: Multiplier Share and Stock Advisors Private Limited
Seller: Multiplier Share and Stock Advisors Private Limited

To see the full deal history of MSL Global Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for MSL Global 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 MSL Global Limited; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

MSL Global Limited has 26 board changes on record since 1985: 16 appointments and 10 cessations. The latest: Bhavik Ashokkumar Shah was appointed as Director on 30 Sep 2024.

Filing
Msl Global Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Msl Global Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Bhavik Ashokkumar Shah was appointed as Director.
Appointed
Meghna Mahendra Savla was appointed as Director.
Appointed
Raj Kumar Vaisoha was appointed as Director.
Ceased
Abhilash Padmanabh Kamti ceased to be Additional Director.
Ceased
Bhakti Rameshbhai Aghera ceased to be Company Secretary.
Appointed
Bhakti Rameshbhai Aghera was appointed as Company Secretary.
Ceased
Isha Ajay Sekhri ceased to be Additional Director.
Appointed
Isha Ajay Sekhri was appointed as Additional Director.
Ceased
Kesi Madhusudan Reddy ceased to be Director.
Appointed
Salim Pyarali Govani was appointed as Managing Director.

17 earlier events are in the company report.

Frequently asked questions

MSL Global is an active public limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 06 May 1983 (43+ years old) and is registered under CIN L18109MH1983PLC029929. Listed on BSE: 511000.

MSL Global reported revenue of ₹7.29 Cr for FY 2025-26 (up 12050% YoY) based on consolidated financials.

MSL Global has 5 current directors:

The latest financial statements of MSL Global on record with the MCA are for the year ended 31 March 2026. 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 MSL Global is L18109MH1983PLC029929. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. MSL Global is a listed company as per MCA records. Its shares are listed on BSE (code: 511000).

MSL Global has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.

MSL Global was incorporated on 06 May 1983, making it 43+ years old. It is registered with the Registrar of Companies, Mumbai.

MSL Global has 63 deals on record (63 market trades); the latest was in September 2026.

The peers of MSL Global by revenue are Chiropolis Property Private Limited, Swati Viniyog Pvt. Ltd, Avijit Estate & Holdings Limited, Eurotech Intronix Private Limited, LDM Services Private Limited and 1 more, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).

Bhavik Ashokkumar Shah was appointed as Director on 30 Sep 2024. Meghna Mahendra Savla was appointed as Director on 24 May 2023. Raj Kumar Vaisoha was appointed as Director on 24 May 2023. MSL Global has 26 board changes on record in total.