About Manashvi Securities Limited
Data last updated:
Manashvi Securities Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 15 September 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1997PLC110688. Its GSTIN is 27AAACM8224D1ZQ (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹6.21 Cr. It is led by directors including Ashish Krishnakant Shah (Whole-Time Director) and Manish Krishnakant Shah (Whole-Time Director).
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 524 P. J .Tower Dalal Street Fort, Mumbai, Maharashtra, India – 400023.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.32 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹32.54 Lakh (net margin 2.4%) and EBITDA of ₹75.55 Lakh (EBITDA margin 5.7%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 18% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Manashvi Securities. As per MCA filings, the company has open charges of ₹8.5 Cr and satisfied charges of ₹2.35 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website manashvi.com.
CIN History of Manashvi Securities Limited
Manashvi Securities has one previous CIN (Corporate Identification Number): L67120MH1997PLC110688. The current CIN is U67120MH1997PLC110688, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120MH1997PLC110688 | Current |
| L67120MH1997PLC110688 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address524 P. J .Tower Dalal Street Fort, Mumbai, Maharashtra, India – 400023
- IndustryFinancial Services, Brokerage & Trading Services
- 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
- One PDF report, delivered after checkout
Associated Brands with Manashvi Securities Limited
Manashvi Securities operates one associated brand: Manashvi Securities. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Securities trading and financial services in India. | manashvi.com |
Business Activity of Manashvi Securities Limited
The main business activity of Manashvi Securities is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Manashvi Securities Limited FY 2025 filings available
Manashvi Securities Limited reported revenue of ₹13.32 Cr (down 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Manashvi Securities Limited
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA fell 76% 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 of Manashvi Securities Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹75.55 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹32.54 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 of Manashvi Securities Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Manashvi Securities are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Manashvi Securities Limited
Manashvi Securities has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Krishnakant Shah | Whole-Time Director | 10 Jan 2012 | 14 Years 9 Months | Current |
| Manish Krishnakant Shah | Whole-Time Director | 10 Jan 2007 | 19 Years 9 Months | Current |
| Vidhyut Krishnakant Shah | Whole-Time Director | 15 Sep 1997 | 29 Years 1 Months | Current |
Peer Comparison of Manashvi Securities Limited
Manashvi Securities Limited is compared with the companies closest to it by revenue in the BFSI industry (Broking Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| CNB Commodities Private Limited | ₹13.48 Cr (FY 2025) | •••• | •••• | 111.0% | •••• | New Delhi, Delhi, India |
| Make Money Investment Services Private Limited | ₹13.46 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Jodhpur, Rajasthan, India |
| Pristine Holdings Private Limited | ₹13.37 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Delhi, India |
| Dealmoney Commodities Private Limited | ₹13.33 Cr (FY 2025) | •••• | •••• | -44.0% | •••• | Thane, Maharashtra, India |
| First Rate Investments Private Limited | ₹13.32 Cr (FY 2025) | •••• | •••• | 318.0% | •••• | Ahmedabad, Gujarat, India |
| Manashvi Securities Limited this company | ₹13.32 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Mumbai, Maharashtra, India |
| Brys Resorts Private Limited | ₹13.32 Cr (FY 2024) | •••• | •••• | 47.0% | •••• | New Delhi, Delhi, India |
| Madhuvan Securities Pvt Ltd | ₹13.3 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Ahmedabad, Gujarat, India |
| A to Z Tie Up Pvt Ltd | ₹13.25 Cr (FY 2024) | •••• | •••• | 44.0% | •••• | Kolkata, West Bengal, India |
| Algowire Trading Technologies Private Limited | ₹13.22 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Noida, Uttar Pradesh, India |
| M S Wellness N Solutions (India) Private Limited | ₹13.2 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Manashvi Securities by revenue in the BFSI industry (Broking Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Manashvi Securities Limited
Manashvi Securities Limited is audited by BANSHI JAIN & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BANSHI JAIN & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Manashvi Securities Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Manashvi Securities Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Nov 2025 | Others | ₹1 Cr | Open |
| 12 Jan 2024 | Bank of India | ₹7.5 Cr | Open |
| 31 Jul 2020 | Others | ₹18 Lakh | Satisfied |
| 10 Oct 2017 | Others | ₹97 Lakh | Satisfied |
| 31 Dec 2013 | L&T Housing Finance Limited | ₹1.2 Cr | Satisfied |
Total charge records: 5 View all charges
Legal Cases of Manashvi Securities Limited
Manashvi Securities Limited has 3 court cases on record: 1 filed by Manashvi Securities, 2 filed against it. All cases are disposed. Status as checked between 29 Sep 2026 and 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (NMA) | Filed against the company by Commissioner of Income Tax -4 Mumbai | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by Commissioner of Income Tax -4 Mumbai | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Aptec Business Machines Ltd | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Manashvi Securities Limited
Manashvi Securities Limited has a workforce of 26 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Manashvi Securities Limited
Manashvi Securities Limited has 9 board changes on record since 1997: 3 appointments and 6 cessations. The latest: Ashish Krishnakant Shah ceased to be Whole-Time Director on 09 Jan 2021.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Manashvi Securities Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Manashvi Securities Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Manashvi Securities Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Manashvi Securities Limited
Manashvi Securities has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM8224D1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 24AAACM8224D1ZW | Gujarat | Active | 28 Jun 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Manashvi Securities Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Manashvi Securities Limited
Manashvi Securities is an active public limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 15 September 1997 (29+ years old) and is registered under CIN U67120MH1997PLC110688.
Manashvi Securities reported revenue of ₹13.32 Cr for FY 2025 (down 16% YoY).
Manashvi Securities has 3 current directors:
- Ashish Krishnakant Shah - Whole-Time Director
- Manish Krishnakant Shah - Whole-Time Director
- Vidhyut Krishnakant Shah - Whole-Time Director
Manashvi Securities reported a net profit of ₹32.54 Lakh (net margin 2.4%) and EBITDA of ₹75.55 Lakh (EBITDA margin 5.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Manashvi Securities is -2% over three years and 18% over five years. In the latest year (FY 2025) revenue fell 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Manashvi Securities is 27AAACM8224D1ZQ, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACM8224D1ZW (Gujarat).
The CIN (Corporate Identification Number) of Manashvi Securities is U67120MH1997PLC110688. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manashvi Securities has 3 court cases on record: 1 filed by the company and 2 filed against it. Most are in the high courts.
Manashvi Securities was incorporated on 15 September 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Manashvi Securities by revenue are CNB Commodities Private Limited, Make Money Investment Services Private Limited, Pristine Holdings Private Limited, Dealmoney Commodities Private Limited, First Rate Investments Private Limited and 5 more, all in the BFSI industry (Broking Services).
Ashish Krishnakant Shah ceased to be Whole-Time Director on 09 Jan 2021. Manish Krishnakant Shah ceased to be Whole-Time Director on 09 Jan 2021. Vidhyut Krishnakant Shah ceased to be Whole-Time Director on 09 Jan 2021. Manashvi Securities has 9 board changes on record in total.