About Master Capital Services Limited
Data last updated:
Master Capital Services Limited is a public limited company based in Gurugram, Haryana, India, a subsidiary of Master Trust Limited. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 25 April 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U67190HR1994PLC076366. Its GSTIN is 06AABCM1406A1ZD (Haryana). The company holds 29 GST registrations, of which 14 are active.
The company has an authorised share capital of ₹6.1 Cr and a paid-up capital of ₹5.9 Cr. It is led by directors including Harjeet Singh Arora (Managing Director) and Rajinder Kumar Singhania (Managing Director).
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 852 – A Basement Sushant Lok Phase – I, Gurugram, Haryana, India – 122002.
As per the financials filed for FY 2025, the company reported a revenue of ₹524.45 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹103.68 Cr (net margin 19.8%) and EBITDA of ₹202.01 Cr (EBITDA margin 38.5%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 37% over five years.
Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Master Trust. As per MCA filings, the company has open charges of ₹1,544.86 Cr and satisfied charges of ₹237.68 Cr on record. Court records list 37 cases involving the company, including 20 filed by the company and 17 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 mastertrust.co.in.
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- Website
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- Registered AddressA – 852 – A Basement Sushant Lok Phase – I, Gurugram, Haryana, India – 122002
- IndustryFinancial Services, Diversified Financial 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
Business Activity of Master Capital Services Limited
The main business activity of Master Capital Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| 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 |
| K | Financial and insurance Service | K8 | Other financial activities | 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 Master Capital Services Limited FY 2025 filings available
Master Capital Services Limited reported revenue of ₹524.45 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Master Capital Services Limited
Revenue has grown at a compounded annual rate (CAGR) of 37% over five years, including 14% growth in the latest year. EBITDA rose 11% 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 Master Capital Services 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 | ₹202.01 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹103.68 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Master Capital Services Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 19.8% | •••• | •••• | •••• | •••• |
| 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 Master Capital Services 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.
Peer Comparison of Master Capital Services Limited
Master Capital Services Limited is compared with the companies closest to it by revenue in the BFSI industry (Broking Services, Capital 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 |
|---|---|---|---|---|---|---|
| Cmcorps Limited | ₹540.06 Cr (FY 2021) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
| Dolat Algotech Limited Listed | ₹529.92 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Gandhinagar, Gujarat, India |
| Martin Happy Home Private Limited | ₹528.14 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Coimbatore, Tamil Nadu, India |
| Societe Generale Securities India Private Limited | ₹526.38 Cr (FY 2019) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Clsa India Private Limited | ₹525.8 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Master Capital Services Limited this company | ₹524.45 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Gurugram, Haryana, India |
| A K Capital Services Limited Listed | ₹519.05 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | Mumbai, Maharashtra, India |
| Enam Holdings Private Limited | ₹518.55 Cr (FY 2025) | •••• | •••• | 171.0% | •••• | Mumbai, Maharashtra, India |
| Goyal Gums Private Limited | ₹513.09 Cr (FY 2025) | •••• | •••• | 425.0% | •••• | Jaipur, Rajasthan, India |
| Windy Securities Private Limited | ₹510.88 Cr (FY 2025) | •••• | •••• | 184.0% | •••• | Gurgaon, Haryana, India |
| G Das Capital Markets Private Limited | ₹506.41 Cr (FY 2025) | •••• | •••• | 53.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Master Capital Services by revenue in the BFSI industry (Broking Services, Capital 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 Master Capital Services Limited
Master Capital Services Limited is audited by GARY JAIN & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GARY 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.
Board of Directors of Master Capital Services Limited
Master Capital Services has 9 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harinder Singh Also directs: Master Insurance Brokers Limited, H.K.Arora Real Estate Services Private Limited, Master Commodity Services Limited and 2 more | Whole-Time Director | 29 Sep 2004 | 22 Years 0 Months | Current |
| Anil Kumar Also directs: Vardhman Acrylics Limited, Master Trust Limited, Shivganga Drillers Limited and 1 more | Director | 16 Jul 2025 | 1 Years 3 Months | Current |
| Gurmeet Singh Chawla Also directs: Master Trust Limited, Master Insurance Brokers Limited, Master Portfolio Services Limited and 3 more | Director | 25 Jun 1998 | 28 Years 3 Months | Current |
| Pavan Kumar Chhabra | Director | 25 Apr 1994 | 32 Years 5 Months | Current |
| Palka Arora Chopra | Director | 13 May 2023 | 3 Years 5 Months | Current |
| Jashanjyot Singh Arora | Whole-Time Director | 01 Sep 2010 | 16 Years 1 Months | Current |
Ownership and Shareholding of Master Capital Services 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 Master Capital Services Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Jan 2026 | Others | ₹20 Cr | Open |
| 30 Mar 2025 | Hdfc Bank Limited | ₹45 Lakh | Open |
| 27 Mar 2025 | Others | ₹25 Cr | Open |
| 10 Aug 2023 | Axis Bank Limited | ₹125.25 Cr | Open |
| 29 Jul 2023 | Hdfc Bank Limited | ₹22 Lakh | Open |
Total charge records: 36 View all charges
Legal Cases of Master Capital Services Limited
Master Capital Services Limited has 37 court cases on record: 20 filed by Master Capital Services, 17 filed against it. All cases are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 8 | 0 |
| High courts | 12 | 8 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Criminal miscellaneous application | Filed against the company by Wisdom Global Enterprises Limited | Disposed |
| Calcutta High Court | Court case (CO) | Filed by the company against an individual | Disposed |
| District court, Calcutta, West Bengal | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| High Court of Punjab and Haryana | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
| High Court of Punjab and Haryana | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
Full case history
All 37 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.
Associated Brands with Master Capital Services Limited
Master Capital Services operates one associated brand: Master Trust. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified investment management services are offered to various clients. | mastertrust.co.in |
Employees and EPFO Compliance at Master Capital Services Limited
Employment history and EPFO contributions of people linked to Master Capital Services.
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.
Group Structure of Master Capital Services Limited
Master Capital Services has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Master Portfolio Services Limited | U67120GJ1994PLC124853 | Locked |
| Master Commodity Services Limited | U67120PB1991PLC011574 | Locked |
Showing major subsidiaries. Total: 2.
CIN History of Master Capital Services Limited
Master Capital Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U67190HR1994PLC076366, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190HR1994PLC076366 | Current |
| L67190MH1994PLC147882 | Previous |
| U67190MH1994PLC147882 | Previous |
Recent Activity on Master Capital Services Limited
Master Capital Services Limited has 19 board changes on record since 1994: 9 appointments and 10 cessations. The latest: Anil Kumar ceased to be Additional Director on 24 Sep 2025.
72 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Master Capital Services 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 Master Capital Services 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 Master Capital Services 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 Master Capital Services Limited
Master Capital Services has 29 GST registrations: 14 active and 15 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCM1406A1ZD | Haryana | Active | 01 Jul 2017 |
| 03AABCM1406A1ZJ | Punjab | Active | 01 Jul 2017 |
| 04AABCM1406A1ZH | Chandigarh | Active | 01 Jul 2017 |
| 08AABCM1406A1Z9 | Rajasthan | Active | 01 Jul 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 Master Capital Services 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.
Related news about Master Capital Services Limited
Frequently Asked Questions about Master Capital Services Limited
Master Capital Services is an active public limited company based in Gurugram, Haryana, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 25 April 1994 (32+ years old) and is registered under CIN U67190HR1994PLC076366.
Master Capital Services reported revenue of ₹524.45 Cr for FY 2025 (up 14% YoY).
Master Capital Services has 9 current directors:
- Harjeet Singh Arora - Managing Director
- Rajinder Kumar Singhania - Managing Director
- Harinder Singh - Whole-Time Director
- Jashanjyot Singh Arora - Whole-Time Director
- Puneet Singhania - Whole-Time Director
- Anil Kumar - Director
- Gurmeet Singh Chawla - Director
- Pavan Kumar Chhabra - Director
- Palka Arora Chopra - Director
Master Capital Services reported a net profit of ₹103.68 Cr (net margin 19.8%) and EBITDA of ₹202.01 Cr (EBITDA margin 38.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Master Capital Services is 23% over three years and 37% over five years. In the latest year (FY 2025) revenue rose 14%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Master Capital Services is 06AABCM1406A1ZD, registered in Haryana. The company has 29 GST registrations in all, of which 14 are active and 15 are cancelled or inactive. Other active GSTINs include 03AABCM1406A1ZJ (Punjab), 04AABCM1406A1ZH (Chandigarh), 08AABCM1406A1Z9 (Rajasthan).
The CIN (Corporate Identification Number) of Master Capital Services is U67190HR1994PLC076366. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Master Capital Services has 37 court cases on record: 20 filed by the company and 17 filed against it. Most are in the district courts.
Master Capital Services was incorporated on 25 April 1994, making it 32+ years old. It is registered with the Registrar of Companies, Haryana.
The peers of Master Capital Services by revenue are Cmcorps Limited, Dolat Algotech Limited, Martin Happy Home Private Limited, Societe Generale Securities India Private Limited, Clsa India Private Limited and 5 more, all in the BFSI industry (Broking Services, Capital Services).
Anil Kumar ceased to be Additional Director on 24 Sep 2025. Anil Kumar was appointed as Director on 16 Jul 2025. Ravinder Singhania ceased to be Additional Director on 21 Mar 2025. Master Capital Services has 19 board changes on record in total.