About Madhuvan Securities Pvt Ltd
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Madhuvan Securities Pvt Ltd is a private limited company based in Ahmedabad, Gujarat, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 03 February 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ1995PTC024502. Its GSTIN is 24AABCM0356R1Z9 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.75 Cr and a paid-up capital of ₹1.24 Cr. It is led by directors including Ashish Sureshchandra Vyas and Suketu Ambalal 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 82 Madhuvan Opp Hotel West End Ellisbridge, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.3 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹5.05 Cr (net margin 37.9%) and EBITDA of ₹6.77 Cr (EBITDA margin 50.9%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 22% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Madhuvan. As per MCA filings, the company has open charges of ₹6.25 Cr on record. Court records list 36 cases involving the company, including 28 filed by the company and 8 filed against it; 5 cases are 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 madhuvan.com.
Company details
Contact details
Madhuvan Securities Pvt Ltd's registered office is in Ahmedabad, Gujarat. Its website is madhuvan.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address82 Madhuvan Opp Hotel West End Ellisbridge, Ahmedabad, Gujarat, India – 380006
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Madhuvan Securities Pvt Ltd, 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
Madhuvan Securities operates one associated brand: Madhuvan. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial services including insurance, investments, and loans in India. | madhuvan.com |
Business activity
The main business activity of Madhuvan Securities 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 Madhuvan Securities Pvt Ltd, buy the company report.
Financials of Madhuvan Securities Pvt Ltd
FY 2025 filings availableMadhuvan Securities Pvt Ltd reported revenue of ₹13.3 Cr (up 28% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 28% growth in the latest year. EBITDA rose 478% 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 | ₹6.77 Cr | ||||
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| Net Profit (PAT) | ₹5.05 Cr | ||||
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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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| EBITDA Margin | 50.9% | ||||
| Net Profit Margin | 37.9% | ||||
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To see the full financial statements and ratios of Madhuvan Securities Pvt Ltd, buy the company report.
Board of directors of Madhuvan Securities Pvt Ltd
Madhuvan Securities has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Sureshchandra Vyas | Director | 21 Mar 2000 | 26 Years 7 Months | Current |
| Suketu Ambalal Shah Also directs: Jay Ambe Distributors Pvt Ltd | Director | 03 Feb 1995 | 31 Years 8 Months | Current |
| Ronak Vijaybhai Aadeshra Also directs: Patel Aadeshra and Partners LLP | Director | 01 Jul 2025 | 1 Years 3 Months | Current |
Auditor
Madhuvan Securities Pvt Ltd is audited by R.M. MULANI & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.M. MULANI & CO. | FY 2022 | 137669W |
Shareholding
The shareholding of Madhuvan Securities Pvt Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Madhuvan Securities Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Sep 2023 | 100778074 | Others | ₹6.25 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Madhuvan Securities Pvt Ltd has 36 court cases on record: 28 filed by Madhuvan Securities, 8 filed against it. 5 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 35 | 8 | 5 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Hindalco Industries Ltd and Ors | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against Hindalco Industries Ltd. and Ors. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Bhusan Steel Strips Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Parekh Platinum Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against I.C.I.C.I. Ltd. | Disposed |
To see the full case history of Madhuvan Securities Pvt Ltd, 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 Madhuvan Securities Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Madhuvan Securities Pvt Ltd has a workforce of 8 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Madhuvan Securities has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCM0356R1Z9 | Gujarat | Active | 01 Jul 2017 |
| 24AABCM0356R2Z8 | Gujarat | Active | 21 Nov 2024 |
To see the full GST registrations and return filing status of Madhuvan Securities Pvt Ltd, buy the company report.
Recent activity
Madhuvan Securities Pvt Ltd has 10 board changes on record since 1995: 3 appointments and 7 cessations. The latest: Ronak Vijaybhai Aadeshra ceased to be Additional Director on 29 Sep 2025.
2 earlier events are in the company report.
Frequently asked questions
Madhuvan Securities is an active private limited company based in Ahmedabad, Gujarat, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 03 February 1995 (31+ years old) and is registered under CIN U67120GJ1995PTC024502.
Madhuvan Securities has 3 current directors:
- Ashish Sureshchandra Vyas - Director
- Suketu Ambalal Shah - Director
- Ronak Vijaybhai Aadeshra - Director
The latest financial statements of Madhuvan Securities 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 GSTIN of Madhuvan Securities is 24AABCM0356R1Z9, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AABCM0356R2Z8 (Gujarat).
The CIN (Corporate Identification Number) of Madhuvan Securities is U67120GJ1995PTC024502. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madhuvan Securities has 36 court cases on record: 28 filed by the company and 8 filed against it. 5 are pending. Most are in the district courts.
Madhuvan Securities was incorporated on 03 February 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ronak Vijaybhai Aadeshra ceased to be Additional Director on 29 Sep 2025. Ronak Vijaybhai Aadeshra was appointed as Director on 01 Jul 2025. Anuradha Jay Shah ceased to be Director on 09 Apr 2024. Madhuvan Securities has 10 board changes on record in total.
Madhuvan Securities can be reached through the website madhuvan.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Madhuvan Securities is at 82 Madhuvan Opp Hotel West End Ellisbridge, Ahmedabad, Gujarat, India – 380006.