About Marwadi Services Private Limited
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Marwadi Services Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 03 September 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67100GJ2004PTC044695. Its GSTIN is 24AAECM2920J1ZO (Gujarat).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.77 Cr. It was formerly known as Marwadi Finance Private Limited. It is led by directors including Juhi Devenbhai Marwadi (Whole-Time Director) and Dhruv Sandeep Marwadi.
Its last annual general meeting (AGM) was held on 28 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Rajkot, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹17.66 Lakh, a decline of 97% compared to the previous year. For the same year it recorded a net profit of ₹3.08 Lakh (net margin 17.4%) and EBITDA of ₹2.43 Lakh (EBITDA margin 13.7%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years and 19% over five years.
As per MCA filings, the company has open charges of ₹250 Cr and satisfied charges of ₹39.75 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marwadionline.com.
Company details
CIN history
Marwadi Services has one previous CIN (Corporate Identification Number): U65921GJ2004PTC044695. The current CIN is U67100GJ2004PTC044695, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67100GJ2004PTC044695 | Current |
| U65921GJ2004PTC044695 | Previous |
Contact details
Marwadi Services Private Limited's registered office is in Rajkot, Gujarat. Its website is marwadionline.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressMarwadifinancialplaza Nanamavamainroad Off150Feetringr, Oad, Rajkot, Gujarat, India – 360001
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Marwadi Services 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 Marwadi Services Private Limited
FY 2025 filings availableMarwadi Services Private Limited reported revenue of ₹17.66 Lakh (down 97% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 97% fall in the latest year. EBITDA fell 99% 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 | ₹17.66 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.43 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.08 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.7% | ||||
| Net Profit Margin | 17.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Marwadi Services Private Limited, buy the company report.
Board of directors of Marwadi Services Private Limited
Marwadi Services has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhruv Sandeep Marwadi | Director | 15 Feb 2021 | 5 Years 8 Months | Current |
| Juhi Devenbhai Marwadi Also directs: Marwadi Shares and Finance Limited, Pixon Energy Limited, Pixon Green Energy Private Limited and 1 more | Whole-Time Director | 19 Dec 2019 | 6 Years 10 Months | Current |
| Kanan Sandeep Marwadi | Director | 15 Feb 2021 | 5 Years 8 Months | Current |
| Savitha Ketan Marwadi | Director | 24 Sep 2004 | 22 Years 1 Months | Current |
| Mira Deven Marwadi Also directs: Marwadi Chandarana Education Foundation, Marwadi Chandarana Educare Foundation, Marwadi Bullions Private Limited and 3 more | Director | 15 Feb 2021 | 5 Years 8 Months | Current |
Auditor
Marwadi Services Private Limited is audited by CA Hiren Mandaliya - Proprietor of Mandaliya & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CA Hiren Mandaliya - Proprietor of Mandaliya & Associates | FY 2023 | 137782 |
Shareholding
The shareholding of Marwadi Services Private Limited 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 Marwadi Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2025 | 101231603 | Others | ₹250 Cr | Open | |
| 20 Feb 2020 | 100360353 | Others | ₹39.75 Cr | Satisfied |
To see the full charge records of Marwadi Services Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Marwadi Services Private Limited has 1 court case on record: 1 filed by Marwadi Services. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Marwadi Services 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 Marwadi Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Marwadi Services has 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
GST
Marwadi Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECM2920J1ZO | Gujarat | Active | 04 Mar 2020 |
To see the full GST registrations and return filing status of Marwadi Services Private Limited, buy the company report.
Recent activity
Marwadi Services Private Limited has 10 board changes on record since 2004: 5 appointments and 5 cessations. The latest: Dhruv Sandeep Marwadi ceased to be Additional Director on 23 Aug 2021.
4 earlier events are in the company report.
Frequently asked questions
Marwadi Services is an active private limited company based in Rajkot, Gujarat, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 03 September 2004 (22+ years old) and is registered under CIN U67100GJ2004PTC044695.
Marwadi Services has 5 current directors:
- Juhi Devenbhai Marwadi - Whole-Time Director
- Dhruv Sandeep Marwadi - Director
- Kanan Sandeep Marwadi - Director
- Savitha Ketan Marwadi - Director
- Mira Deven Marwadi - Director
The latest financial statements of Marwadi Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Marwadi Services is 24AAECM2920J1ZO, registered in Gujarat.
The CIN (Corporate Identification Number) of Marwadi Services is U67100GJ2004PTC044695. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marwadi Services has 1 court case on record: 1 filed by the company.
Marwadi Services was incorporated on 03 September 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Dhruv Sandeep Marwadi ceased to be Additional Director on 23 Aug 2021. Kanan Sandeep Marwadi ceased to be Additional Director on 23 Aug 2021. Mira Deven Marwadi ceased to be Additional Director on 23 Aug 2021. Marwadi Services has 10 board changes on record in total.
Marwadi Services can be reached through the website marwadionline.com. Its registered office is in Rajkot, Gujarat, India.
The registered office of Marwadi Services is at Marwadifinancialplaza Nanamavamainroad Off150Feetringr, Oad, Rajkot, Gujarat, India – 360001.