India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #152 Kushal Narendra Desai ₹24,300 Cr
- #174 Chaitanya Narendra Desai ₹20,600 Cr
Maithili Trusteeship Services Private Limited
Maithili Trusteeship Services Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Private Limited Company financial services
Revenue · FY 2024
₹64,000
▲ 13% YoY
Net profit · FY 2024
₹41,520
Net margin 64.9%
EBITDA · FY 2024
₹53,920
EBITDA margin 84.2%
Company age
13 yrs
Est. 2013
Directors on board
2
As per MCA filings
Last financials
Mar 2025
Balance sheet date
Last AGM
30 Sep 2025
Annual general meeting
Company status
Active
MCA master data
About Maithili Trusteeship Services Private Limited
Data last updated:
Maithili Trusteeship Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the fund segment of the financial services sector. It was incorporated on 26 August 2013 and has been in existence for over 13 years.
Its director Kushal Narendra Desai is #152 among India's richest people (2026). Its director Chaitanya Narendra Desai is #174 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93000MH2013PTC247470.
It is led by directors Kushal Narendra Desai and Chaitanya Narendra Desai.
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 Apar House Building No.5 Corporate Park Sion Trombay Road Chembur, Mumbai, Maharashtra, India – 400071.
As per the financials filed for FY 2024, the company reported a revenue of ₹64,000, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹41,520 (net margin 64.9%) and EBITDA of ₹53,920 (EBITDA margin 84.2%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 67% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U93000MH2013PTC247470
Registration Number 247470
Incorporation Date 26 August 2013
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Recognitions & Rankings of Maithili Trusteeship Services
Contact details
Maithili Trusteeship Services Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressApar House Building No.5 Corporate Park Sion Trombay Road Chembur, Mumbai, Maharashtra, India – 400071
- IndustryFinancial Services, Fund, Other Financial Holding, Trust
To see the full contact details of Maithili Trusteeship Services Private Limited, buy the company report.
Comprehensive company report
Maithili Trusteeship Services Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Maithili Trusteeship 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 Maithili Trusteeship Services Private Limited, buy the company report.
Financials of Maithili Trusteeship Services Private Limited
FY 2025 filings availableMaithili Trusteeship Services Private Limited reported revenue of ₹64,000 (up 13% YoY) for FY 2024.
Revenue · FY 2024
₹64,000 ▲ 13%
Net profit · FY 2024
₹41,520 margin 64.9%
EBITDA · FY 2024
₹53,920 margin 84.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 7%
5 years · compounded
▼ 67%
EBITDA CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 8%
5 years · compounded
▲ 19%
Revenue rose 13% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 67%. EBITDA rose 16% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹53,920 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹41,520 | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 84.2% | ||||
| Net Profit Margin | 64.9% | ||||
| 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 Maithili Trusteeship Services Private Limited, buy the company report.
Board of directors of Maithili Trusteeship Services Private Limited
Maithili Trusteeship Services has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kushal Narendra Desai Also directs: Kleem Ahobal LLP, Apar Industries Limited, Apar Corporation Private Limited and 5 more | Director | 26 Aug 2013 | 13 Years 2 Months | Current |
| Chaitanya Narendra Desai Also directs: Apar Industries Limited, Apar Corporation Private Limited, Apar Distribution & Logistics Private Limited and 1 more | Director | 26 Aug 2013 | 13 Years 2 Months | Current |
Auditor
Maithili Trusteeship Services Private Limited is audited by Paras Sheth & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Paras Sheth & Associates | FY 2023 | 107418W |
Shareholding
The shareholding of Maithili Trusteeship Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions and public shareholders.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public |
To see the full shareholding pattern of Maithili Trusteeship Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Maithili Trusteeship 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 Maithili Trusteeship 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 Maithili Trusteeship Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Maithili Trusteeship Services Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Chaitanya Narendra Desai was appointed as Director on 26 Aug 2013.
AGM
Maithili Trusteeship Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Maithili Trusteeship Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Chaitanya Narendra Desai was appointed as Director.
Appointed
Kushal Narendra Desai was appointed as Director.
Incorporation
26 Aug 2013
Maithili Trusteeship Services Private Limited was registered on 26 Aug 2013 with Roc Mumbai & aged 13 years 2 months as per MCA records.
Frequently asked questions
Maithili Trusteeship Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in fund, within the financial services industry. It was incorporated on 26 August 2013 (13+ years old) and is registered under CIN U93000MH2013PTC247470.
Maithili Trusteeship Services has 2 current directors:
- Kushal Narendra Desai - Director
- Chaitanya Narendra Desai - Director
The latest financial statements of Maithili Trusteeship 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 Maithili Trusteeship Services is U93000MH2013PTC247470. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maithili Trusteeship Services was incorporated on 26 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Chaitanya Narendra Desai was appointed as Director on 26 Aug 2013. Kushal Narendra Desai was appointed as Director on 26 Aug 2013.
The registered office of Maithili Trusteeship Services is at Apar House Building No.5 Corporate Park Sion Trombay Road Chembur, Mumbai, Maharashtra, India – 400071.
Maithili Trusteeship Services operates in the financial services industry, in the fund segment.
The compliance status of Maithili Trusteeship Services is compliant as of 15 July 2026. The company is actively filing with the Registrar of Companies.
Maithili Trusteeship Services can be reached at its registered office: Apar House Building No.5 Corporate Park Sion Trombay Road Chembur, Mumbai, Maharashtra, India – 400071.