About Modern Shares And Stockbrokers Limited
Data last updated: 13 July 2026
Modern Shares And Stockbrokers Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in portfolio management services, a part of the broader financial services sector. Incorporated on 01 July 1939, the company has been in operation for over 87 years.
Registered with ROC Mumbai under CIN L45200MH1939PLC002958. Listed on BSE: 509760.
Capital: an authorised share capital of ₹6 Cr and a paid-up capital of ₹2.93 Cr. It is led by directors including Pankaj Rajnikant Ved and Anil Sugno Manghnani.
Last AGM: 23 September 2025. Financial statements filed for year ended 31 March 2025. Office: Wankhede Stadium North Standl And M Wings D Road Churchgate, Mumbai, Maharashtra, India – 400020.
As per BSE-filed standalone financials for FY 2024, the company reported a revenue of ₹3.39 Cr, a growth of 14.37% compared to the previous year. The net worth stands at ₹12.57 Cr (up 3.64% YoY). Total assets are valued at ₹16.18 Cr (down 2.57% YoY).
The company has a workforce of approximately 18 employees as per the latest available data.
The company is associated with 1 brand - Modern Shares And Stockbrokers. As per MCA filings, the company has open charges of ₹1.74 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modernshares.com.
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Registered AddressWankhede Stadium North Standl And M Wings D Road Churchgate, Mumbai, Maharashtra, India – 400020
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IndustryFinancial Services, Portfolio Management Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Modern Shares And Stockbrokers Limited
Modern Shares And Stockbrokers Limited has one previous CIN (Corporate Identification Number): U45200MH1939PTC002958. The current CIN is L45200MH1939PLC002958, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45200MH1939PLC002958 | Current |
| U45200MH1939PTC002958 | Previous |
Associated Brands with Modern Shares And Stockbrokers Limited
Modern Shares And Stockbrokers Limited operates one associated brand: Modern Shares And Stockbrokers. These brands represent Modern Shares And Stockbrokers Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Stock broker | modernshares.com |
Business Activity of Modern Shares And Stockbrokers Limited
Modern Shares And Stockbrokers Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including 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 for Modern Shares And Stockbrokers Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Modern Shares And Stockbrokers Limited
Modern Shares And Stockbrokers Limited is audited by B D G & CO LLP (Formerly known as B D G & Associates) for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B D G & CO LLP (Formerly known as B D G & Associates) | Locked | Locked | Locked |
Complete auditor history for Modern Shares And Stockbrokers Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Modern Shares And Stockbrokers Limited
Modern Shares And Stockbrokers Limited is currently managed by 6 directors, with 8 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Pankaj Rajnikant Ved
Also directs:
Modern Shares And Stockbrokers Limited, Gibbs Realty Private Limited, Automans Finance Pvt Ltd and 2 more
|
Director | 01 Apr 2019 | 7 Years 3 Months | Current |
| Anil Sugno Manghnani | Whole-Time Director | 25 Oct 2000 | 25 Years 8 Months | Current |
|
Ghansham Shewakramani
Also directs:
Modern Shares And Stockbrokers Limited, Rajdoot Hospitality Llp, Jtb Travels Llp and 5 more
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Director | 25 Jan 1995 | 31 Years 5 Months | Current |
|
Roshan Advani Patheria
Also directs:
Modern Shares And Stockbrokers Limited
|
Director | 31 Jan 2007 | 19 Years 5 Months | Current |
| Narendra Hira Advani | Director | 30 May 2011 | 15 Years 1 Months | Current |
|
Ramesh Ramchand Narang
Also directs:
Modern Shares And Stockbrokers Limited
|
Director | 08 Aug 2024 | 1 Years 11 Months | Current |
Financials of Modern Shares And Stockbrokers Limited FY 2024 filings available
Modern Shares And Stockbrokers Limited reported revenue of ₹3.39 Cr (up 14.37% YoY) for FY 2024.
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹3.39 Cr | ₹2.97 Cr | ₹3.26 Cr | ₹2.59 Cr | ₹2.27 Cr | ₹1.78 Cr |
| Interest Earned | ₹63.7 Lakh | ₹56.68 Lakh | ₹52.29 Lakh | ₹66.48 Lakh | ₹73.94 Lakh | - |
| Other Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹75.19 Lakh |
| Total Income | ₹3.39 Cr | ₹2.97 Cr | ₹3.26 Cr | ₹2.59 Cr | ₹2.27 Cr | - |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹1.37 Cr | ₹1.39 Cr | ₹1.47 Cr | ₹1.36 Cr | ₹1.36 Cr | ₹1.3 Cr |
| Finance Costs | ₹1.7 Lakh | ₹2.35 Lakh | ₹1.38 Lakh | ₹1.76 Lakh | ₹1.16 Lakh | ₹1.02 Lakh |
| Depreciation & Amortisation | ₹3.15 Lakh | ₹2.71 Lakh | ₹2.09 Lakh | ₹3.86 Lakh | ₹9.32 Lakh | - |
| Other Expenses | ₹1.37 Cr | ₹1.14 Cr | ₹1.34 Cr | ₹1.14 Cr | ₹1.15 Cr | ₹1.26 Cr |
| Total Expenses | ₹2.85 Cr | ₹2.72 Cr | ₹2.89 Cr | ₹2.55 Cr | ₹2.67 Cr | ₹2.61 Cr |
| Profit Before Exceptional Items & Tax | ₹54.39 Lakh | ₹24.53 Lakh | ₹37.37 Lakh | ₹3.29 Lakh | -₹39.69 Lakh | - |
| Exceptional Items | ₹0 | -₹1.57 Lakh | ₹0 | ₹0 | ₹0 | - |
| Profit Before Tax | ₹54.39 Lakh | ₹22.96 Lakh | ₹37.37 Lakh | ₹3.29 Lakh | -₹39.69 Lakh | -₹50.64 Lakh |
| Total Tax Expense | ₹14.72 Lakh | ₹7.72 Lakh | ₹9.18 Lakh | ₹2,000 | ₹64,000 | -₹37,000 |
| Net Profit | ₹39.67 Lakh | ₹15.24 Lakh | ₹28.19 Lakh | ₹3.27 Lakh | -₹40.33 Lakh | -₹50.27 Lakh |
| Other Comprehensive Income | ₹4.51 Lakh | ₹0 | ₹3.15 Lakh | ₹3.17 Lakh | ₹1.57 Lakh | - |
| Total Comprehensive Income | ₹44.18 Lakh | ₹15.24 Lakh | ₹31.34 Lakh | ₹6.44 Lakh | -₹38.76 Lakh | - |
| EBITDA (computed) | ₹59.24 Lakh | ₹29.59 Lakh | ₹40.84 Lakh | ₹8.91 Lakh | -₹29.21 Lakh | - |
| Basic EPS | ₹1.51 | ₹0.52 | ₹1.07 | ₹0.22 | ₹-1.32 | - |
| Diluted EPS | ₹1.51 | ₹0.52 | ₹1.07 | ₹0.22 | ₹-1.32 | - |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Total Assets | ₹16.18 Cr | ₹16.61 Cr | ₹14.54 Cr | ₹16.07 Cr | ₹14.38 Cr | ₹13.88 Cr |
| Non-current Assets | - | - | - | - | - | ₹1.26 Cr |
| Current Assets | - | - | - | - | - | ₹12.62 Cr |
| Property, Plant & Equipment | ₹9.81 Lakh | ₹11.15 Lakh | ₹9.92 Lakh | ₹10.46 Lakh | ₹14.32 Lakh | - |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹10.74 Lakh | ₹6.81 Lakh |
| Cash & Equivalents | ₹43.72 Lakh | ₹1.87 Cr | ₹1.22 Cr | ₹4.42 Cr | ₹1.41 Cr | ₹30,000 |
| Equity (Net Worth) | ₹12.57 Cr | ₹12.13 Cr | ₹11.97 Cr | ₹11.66 Cr | ₹11.59 Cr | - |
| Equity Share Capital | ₹2.93 Cr | ₹2.93 Cr | ₹2.93 Cr | ₹2.93 Cr | ₹2.93 Cr | - |
| Current Liabilities | - | - | - | - | - | ₹1.89 Cr |
| Total Liabilities | ₹3.61 Cr | ₹4.48 Cr | ₹2.57 Cr | ₹4.41 Cr | ₹2.79 Cr | - |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | -₹2.31 Cr | ₹1.89 Cr | -₹2.45 Cr |
| Investing Cash Flow | ₹62.43 Lakh | ₹53.42 Lakh | ₹51.35 Lakh |
| Financing Cash Flow | -₹1.6 Cr | ₹1.6 Cr | -₹6.48 Lakh |
| Capital Expenditure | ₹0 | ₹0 | ₹0 |
| Free Cash Flow (computed) | -₹2.31 Cr | ₹1.89 Cr | -₹2.45 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹3.29 Cr | ₹4.02 Cr | -₹2 Cr |
| Metrics | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|
| Revenue from Operations | ₹90.84 Lakh | ₹1.12 Cr | ₹89.28 Lakh |
| Interest Earned | ₹19.58 Lakh | ₹20.9 Lakh | ₹17.45 Lakh |
| Other Income | ₹0 | ₹0 | ₹0 |
| Total Income | ₹90.84 Lakh | ₹1.12 Cr | ₹89.28 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹41.44 Lakh | ₹40.06 Lakh | ₹42.54 Lakh |
| Finance Costs | ₹86,000 | ₹27,000 | ₹47,000 |
| Depreciation & Amortisation | ₹1.04 Lakh | ₹96,000 | ₹53,000 |
| Other Expenses | ₹41.3 Lakh | ₹42.3 Lakh | ₹34.31 Lakh |
| Total Expenses | ₹89.01 Lakh | ₹85.79 Lakh | ₹78.7 Lakh |
| Profit Before Exceptional Items & Tax | ₹1.83 Lakh | ₹26.15 Lakh | ₹10.58 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹1.83 Lakh | ₹26.15 Lakh | ₹10.58 Lakh |
| Total Tax Expense | ₹2.45 Lakh | ₹6.83 Lakh | ₹2.32 Lakh |
| Net Profit | -₹62,000 | ₹19.32 Lakh | ₹8.26 Lakh |
| Other Comprehensive Income | ₹1.27 Lakh | ₹1.21 Lakh | ₹1.22 Lakh |
| Total Comprehensive Income | ₹65,000 | ₹20.53 Lakh | ₹9.48 Lakh |
| EBITDA (computed) | ₹3.73 Lakh | ₹27.38 Lakh | ₹11.58 Lakh |
| Basic EPS | ₹0.02 | ₹0.70 | ₹0.32 |
| Diluted EPS | ₹0.02 | ₹0.70 | ₹0.32 |
| Segment · FY 2019 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Broking Services | ₹1.74 Cr | ₹89.43 Lakh | - | - |
| Proprietory Trading | ₹4.01 Lakh | ₹4.01 Lakh | - | - |
| Unallocated | ₹0 | ₹0 | - | - |
Shareholding Pattern of Modern Shares And Stockbrokers Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 72.83%, retail and other public shareholders hold 27.17% of Modern Shares And Stockbrokers Limited. The company had 2,963 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 72.83% | 72.83% | 72.83% | 72.83% | 72.83% | 72.83% |
| Public | 27.17% | 27.17% | 27.17% | 27.17% | 27.17% | 27.17% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 72.83% | 72.83% | 72.83% |
| Public | 27.17% | 27.17% | 27.17% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Modern Shares And Stockbrokers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 May 2021 | Axis Bank Limited | ₹1.5 Cr | Open |
| 17 Feb 1997 | New India Co-Op Bank Ltd | ₹5 Lakh | Open |
| 01 Jul 1989 | The Saraewat Co-Op Bank Ltd | ₹4.3 Lakh | Open |
| 22 Jun 1985 | The Sarawat Co-Op Bank Ltd | ₹15 Lakh | Open |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Modern Shares And Stockbrokers Limited
Modern Shares And Stockbrokers Limited has a workforce of 18 employees as of Apr 06, 2024.
Employee and EPFO history for Modern Shares And Stockbrokers Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Modern Shares And Stockbrokers Limited
GST registrations and filing compliance for Modern Shares And Stockbrokers Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
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Credit Ratings, Litigation & Regulatory Alerts for Modern Shares And Stockbrokers Limited
Credit ratings, litigation, and regulatory alerts for Modern Shares And Stockbrokers Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
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MSME Payment Delays by Modern Shares And Stockbrokers Limited
MSME payment history for Modern Shares And Stockbrokers Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
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Subsidiaries & Group Companies of Modern Shares And Stockbrokers Limited
Corporate group structure for Modern Shares And Stockbrokers Limited
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MCA Filings & Documents of Modern Shares And Stockbrokers Limited
MCA filings and documents for Modern Shares And Stockbrokers Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
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Recent Activity on Modern Shares And Stockbrokers Limited
Frequently Asked Questions about Modern Shares And Stockbrokers Limited
Modern Shares And Stockbrokers Limited is an active public limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 01 July 1939 (87+ years old) and is registered under CIN L45200MH1939PLC002958. Listed on BSE: 509760. The company has 18 employees.
Modern Shares And Stockbrokers Limited reported revenue of ₹3.39 Cr for FY 2024 (up 14.37% YoY) based on standalone BSE filings.
The current directors of Modern Shares And Stockbrokers Limited are:
- Pankaj Rajnikant Ved - Director
- Anil Sugno Manghnani - Whole-Time Director
- Ghansham Shewakramani - Director
- Roshan Advani Patheria - Director
- Narendra Hira Advani - Director
- Ramesh Ramchand Narang - Director
The primary industry of Modern Shares And Stockbrokers Limited is financial services. The company specifically operates in portfolio management services. The company is currently active in this sector.
Yes. Modern Shares And Stockbrokers Limited is listed on BSE with code 509760.
Modern Shares And Stockbrokers Limited can be reached at the registered office: Wankhede Stadium North Standl And M Wings D Road Churchgate, Mumbai, Maharashtra, India – 400020, or through the website modernshares.com.