About Memg Securities Limited
Data last updated:
Memg Securities Limited was a public limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Manipal Education And Medical Group India Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the brokerage and trading services segment of the financial services sector. It was incorporated on 30 May 1995.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65110KA1995PLC017907. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹3.56 Cr. It was formerly known as Icds Securities Limited. It was led by directors including Vidyadheesh Pandurangi Huchachar and Muthukumar Kottarakurichi Rajamani.
Its last annual general meeting (AGM) was held on 05 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at N – 115 1st Floor Manipal Center Dickenson Road, Bangalore, Karnataka, India – 560042.
As per the financials filed for FY 2024, the company reported a revenue of ₹71.86 Lakh, a growth of 69% compared to the previous year. For the same year it recorded a net profit of ₹26.88 Lakh (net margin 37.4%) and EBITDA of ₹34.73 Lakh (EBITDA margin 48.3%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 16% over five years.
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: MEMG Securities. As per MCA filings, the company had satisfied charges of ₹15.8 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it. The company has 1 deal on record (1 funding round), with disclosed funding of ₹2.98 Cr; the latest was in May 2011. Its 10 peer companies in the BFSI industry (Broking Services) are compared by revenue, 5 larger and 5 smaller; the largest is Vinayak Dealcomm Private Limited with revenue of ₹72.29 Lakh.
The last known website on record is memgsecurities.com.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressN – 115 1st Floor Manipal Center Dickenson Road, Bangalore, Karnataka, India – 560042
- 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
Business Activity of Memg Securities Limited
The main business activity of Memg 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 Memg Securities Limited FY 2024 filings available
Memg Securities Limited reported revenue of ₹71.86 Lakh (up 69% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Memg Securities Limited
Revenue rose 69% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 16%. EBITDA rose 127% 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 Memg Securities Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹34.73 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹26.88 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 Memg Securities Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 48.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 37.4% | •••• | •••• | •••• | •••• |
| 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 Memg 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.
Peer Comparison of Memg Securities Limited
Memg 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 |
|---|---|---|---|---|---|---|
| Vinayak Dealcomm Private Limited | ₹72.29 Lakh (FY 2023) | •••• | •••• | -4.0% | •••• | Kolkata, West Bengal, India |
| R Natvarlal Parekh Securities Private Limited | ₹72.27 Lakh (FY 2024) | •••• | •••• | 82.0% | •••• | Mumbai, Maharashtra, India |
| DVL Financial Services Private Limited | ₹72.05 Lakh (FY 2025) | •••• | •••• | -42.0% | •••• | Hyderabad, Telangana, India |
| Aggresive Investment Private Limited | ₹72 Lakh (FY 2025) | •••• | •••• | 500.0% | •••• | Pune, Maharashtra, India |
| Laxminarayan Holdings (India) Pvt Ltd | ₹71.93 Lakh (FY 2025) | •••• | •••• | 35.0% | •••• | Mumbai, Maharashtra, India |
| Memg Securities Limited this company | ₹71.86 Lakh (FY 2024) | •••• | •••• | 69.0% | •••• | Bangalore, Karnataka, India |
| Naresh Exports Private Limited | ₹71.79 Lakh (FY 2025) | •••• | •••• | -94.0% | •••• | New Delhi, Delhi, India |
| FG Investments Private Limited | ₹71.77 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Ernakulam, Kerala, India |
| Aarayan Tie-Up Private Limited | ₹71.73 Lakh (FY 2024) | •••• | •••• | -51.0% | •••• | Kolkata, West Bengal, India |
| Narayana Financial Participations Private Limited | ₹71.67 Lakh (FY 2025) | •••• | •••• | 7.0% | •••• | Nagpur, Maharashtra, India |
| Omkar Tradexim Private Limited | ₹71.48 Lakh (FY 2024) | •••• | •••• | -71.0% | •••• | Indore, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Memg 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 Memg Securities Limited
Memg Securities Limited is audited by PATHAK H D & ASSOCIATES LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PATHAK H D & ASSOCIATES LLP | 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 Memg Securities Limited
Memg Securities has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vidyadheesh Pandurangi Huchachar | Director | 03 Jul 2023 | 3 Years 3 Months | As last reported |
| Muthukumar Kottarakurichi Rajamani Also directs: Eqifex LLP, Medibimb Lifesciences Private Limited | Director | 29 Sep 2016 | 10 Years 0 Months | As last reported |
| Nisith Kumar Mohanty | Director | 04 Jul 2022 | 4 Years 3 Months | As last reported |
Ownership and Shareholding of Memg 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 Memg Securities Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Jun 2012 | Others | ₹7.55 Cr | Satisfied |
| 07 May 2008 | The Federal Bank Limited | ₹4.25 Cr | Satisfied |
| 09 Nov 2005 | Syndicate Bank | ₹4 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Memg Securities Limited
Memg Securities Limited has 1 deal on record (1 funding round), with disclosed funding of ₹2.98 Cr; the latest was in May 2011.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2011 | Funding round | ₹2.98 Cr | Investors: Shk Ebene Limited, Icds Limited |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Memg Securities Limited
Memg Securities Limited has 3 court cases on record: 1 filed by Memg Securities, 2 filed against it. All cases are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by Southern Fidelity Securities Limited | Disposed |
| High Court of Karnataka | Tax appeal | Filed against the company by Commissioner of Income Tax | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against an individual | 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.
Associated Brands with Memg Securities Limited
Memg Securities operates one associated brand: MEMG Securities. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Securities broking, trading, and investment services for retail and corporate clients. | memgsecurities.com |
Employees and EPFO Compliance at Memg Securities Limited
Memg Securities Limited has a workforce of 1 employees as of Apr 07, 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.
CIN History of Memg Securities Limited
Memg Securities has one previous CIN (Corporate Identification Number): L65110KA1995PLC017907. The current CIN is U65110KA1995PLC017907, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65110KA1995PLC017907 | Current |
| L65110KA1995PLC017907 | Previous |
Recent Activity on Memg Securities Limited
Memg Securities Limited has 17 board changes on record since 2007: 3 appointments and 14 cessations. The latest: Vidyadheesh Pandurangi Huchachar ceased to be Additional Director on 25 Sep 2023.
17 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Memg 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 Memg 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 Memg 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 Memg Securities Limited
Memg Securities has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Memg 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 Memg Securities Limited
Memg Securities has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Memg Securities was a public limited company based in Bangalore, Karnataka, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 30 May 1995 and is registered under CIN U65110KA1995PLC017907. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Memg Securities was incorporated on 30 May 1995. It is registered with the Registrar of Companies, Bangalore.
Memg Securities had 3 directors:
- Vidyadheesh Pandurangi Huchachar - Director
- Muthukumar Kottarakurichi Rajamani - Director
- Nisith Kumar Mohanty - Director
The CIN (Corporate Identification Number) of Memg Securities is U65110KA1995PLC017907. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Memg Securities is at N – 115 1st Floor Manipal Center Dickenson Road, Bangalore, Karnataka, India – 560042.
Memg Securities can be reached through the website memgsecurities.com. Its registered office is in Bangalore, Karnataka, India.
Memg Securities reported revenue of ₹71.86 Lakh for FY 2024 (up 69% YoY).
Memg Securities has an authorised share capital of ₹10 Cr and a paid-up capital of ₹3.56 Cr.
Memg Securities reported a net profit of ₹26.88 Lakh (net margin 37.4%) and EBITDA of ₹34.73 Lakh (EBITDA margin 48.3%) for FY 2024, as per its filed financial statements.
No. Memg Securities has 1 GST registration on record and it is cancelled or inactive.