Maroo Brothers Private Limited
About Maroo Brothers Private Limited
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Maroo Brothers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 14 January 1972 and has been in existence for over 54 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1972PTC015550.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹9.55 Lakh. It is led by directors Payal Mitulbhai Jhaveri and Mitulbhai Shirishbhai Jhaveri.
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 21 Usha Kirancarmichael Road, Mumbai, Maharashtra, India – 400026.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.17 Lakh, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹1.11 Lakh (net margin 51.1%) and EBITDA of ₹1.46 Lakh (EBITDA margin 67.2%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 2% over five years.
Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Maroo Brothers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address21 Usha Kirancarmichael Road, Mumbai, Maharashtra, India – 400026
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
To see the full contact details of Maroo Brothers 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
Financials of Maroo Brothers Private Limited
FY 2025 filings availableMaroo Brothers Private Limited reported revenue of ₹2.17 Lakh (up 19% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 19% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA rose 9% 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 |
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| EBITDA | ₹1.46 Lakh | ||||
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| Net Profit (PAT) | ₹1.11 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 67.2% | ||||
| Net Profit Margin | 51.1% | ||||
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To see the full financial statements and ratios of Maroo Brothers Private Limited, buy the company report.
Board of directors of Maroo Brothers Private Limited
Maroo Brothers has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Payal Mitulbhai Jhaveri | Director | 01 Nov 2012 | 14 Years 0 Months | Current |
| Mitulbhai Shirishbhai Jhaveri Also directs: C J Jewelleries Private Limited, C.J. Diamonds Private Limited | Director | 28 Apr 1995 | 31 Years 6 Months | Current |
Auditor
Maroo Brothers Private Limited is audited by L. D. Joshi & Co. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| L. D. Joshi & Co. | FY 2017 | 104402W |
Shareholding
The shareholding of Maroo Brothers Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Maroo Brothers Private Limited, buy the company report.
Legal cases
Maroo Brothers Private Limited has 2 court cases on record: 2 filed by Maroo Brothers. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Maroo Brothers Private Limited, 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 Maroo Brothers 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 Maroo Brothers Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Maroo Brothers Private Limited has 7 board changes on record since 1995: 2 appointments and 5 cessations. The latest: Shakuntala Shirishbhai Jhaveri ceased to be Director on 15 Jun 2022.
Frequently asked questions
Maroo Brothers is an active private limited company based in Mumbai, Maharashtra, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 14 January 1972 (54+ years old) and is registered under CIN U67120MH1972PTC015550.
Maroo Brothers has 2 current directors:
- Payal Mitulbhai Jhaveri - Director
- Mitulbhai Shirishbhai Jhaveri - Director
The latest financial statements of Maroo Brothers 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 Maroo Brothers is U67120MH1972PTC015550. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maroo Brothers has 2 court cases on record: 2 filed by the company.
Maroo Brothers was incorporated on 14 January 1972, making it 54+ years old. It is registered with the Registrar of Companies, Mumbai.
Shakuntala Shirishbhai Jhaveri ceased to be Director on 15 Jun 2022. Shirish Somchand Jhaveri ceased to be Director on 15 Jun 2022. Payal Mitulbhai Jhaveri ceased to be Additional Director on 26 Aug 2013. Maroo Brothers has 7 board changes on record in total.
The registered office of Maroo Brothers is at 21 Usha Kirancarmichael Road, Mumbai, Maharashtra, India – 400026.
Maroo Brothers operates in the financial services industry, in the auxiliary to financial intermediatory segment.
The compliance status of Maroo Brothers is compliant as of 06 August 2026. The company is actively filing with the Registrar of Companies.
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