- #1,608 Chetan Ramniklal Shah & family ₹1,200 Cr

Marathon Securities and Properties Private Limited
About Marathon Securities and Properties Private Limited
Data last updated:
Marathon Securities and Properties Private Limited is a private 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 29 May 1991 and has been in existence for over 35 years.
Its director Chetan Ramniklal Shah and family are #1,608 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1991PTC061846.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹42.43 Lakh. It is led by directors Chetan Ramniklal Shah and Dwarkanath Krishnamurthy Rao.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 101 Marathon House Devidayalroad Mulund West, Mumbai, Maharashtra, India – 400080.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.41 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹4.94 Cr (net margin 91.3%) and EBITDA of ₹5.4 Cr (EBITDA margin 99.7%). Revenue has grown at a compounded annual rate (CAGR) of 157% over three years and 86% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Recognitions & Rankings of Marathon Securities and Properties
Contact details
Marathon Securities and Properties Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address101 Marathon House Devidayalroad Mulund West, Mumbai, Maharashtra, India – 400080
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Marathon Securities and Properties 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 Marathon Securities and Properties is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
Financials of Marathon Securities and Properties Private Limited
FY 2023 filings availableMarathon Securities and Properties Private Limited reported revenue of ₹5.41 Cr (up 660% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 86% over five years, including 660% growth in the latest year. EBITDA rose 699% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5.41 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.94 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 99.7% | ||||
| Net Profit Margin | 91.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Marathon Securities and Properties Private Limited, buy the company report.
Board of directors of Marathon Securities and Properties Private Limited
Marathon Securities and Properties has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Ramniklal Shah Also directs: Marathon Construction LLP, Marathon Buildcon LLP, Matrix Green Housing and Commercial Developers LLP and 5 more | Director | 25 Apr 2019 | 7 Years 6 Months | Current |
| Dwarkanath Krishnamurthy Rao Also directs: Ixoxi HR Services LLP, Nexzone Fiscal Services Private Limited | Additional Director | 09 Sep 2025 | 1 Years 2 Months | Current |
Auditor
Marathon Securities and Properties Private Limited is audited by DINESH PAI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DINESH PAI & CO. | FY 2023 | 036669 |
Shareholding
The shareholding of Marathon Securities and Properties Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Marathon Securities and Properties Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Marathon Securities and Properties 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 Marathon Securities and Properties 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 Marathon Securities and Properties Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Marathon Securities and Properties Private Limited has 6 board changes on record since 2000: 3 appointments and 3 cessations. The latest: Dwarkanath Krishnamurthy Rao was appointed as Additional Director on 09 Sep 2025.
Frequently asked questions
Marathon Securities and Properties is an active private limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 29 May 1991 (35+ years old) and is registered under CIN U67120MH1991PTC061846.
Marathon Securities and Properties has 2 current directors:
- Chetan Ramniklal Shah - Director
- Dwarkanath Krishnamurthy Rao - Additional Director
The latest financial statements of Marathon Securities and Properties on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Marathon Securities and Properties is U67120MH1991PTC061846. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marathon Securities and Properties was incorporated on 29 May 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Dwarkanath Krishnamurthy Rao was appointed as Additional Director on 09 Sep 2025. Chetan Ramniklal Shah was appointed as Director on 25 Apr 2019. Harsha Ashvin Shah ceased to be Director on 25 Apr 2019. Marathon Securities and Properties has 6 board changes on record in total.
The registered office of Marathon Securities and Properties is at 101 Marathon House Devidayalroad Mulund West, Mumbai, Maharashtra, India – 400080.
Marathon Securities and Properties operates in the financial services industry, in the brokerage and trading services segment.
The compliance status of Marathon Securities and Properties is compliant as of 25 July 2026. The company is actively filing with the Registrar of Companies.
Marathon Securities and Properties can be reached at its registered office: 101 Marathon House Devidayalroad Mulund West, Mumbai, Maharashtra, India – 400080.

