Morningstar Investment Research India Private Limited - Company Profile

It is a financial services foreign private limited company based in Navi Mumbai, Maharashtra, India, established in 2013.

2013 Navi Mumbai, Maharashtra, India Active

Last Updated: December 29, 2025

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About Morningstar Investment Research India Private Limited

Morningstar Investment Research India Private Limited, a active foreign private limited company, was established on 09 October 2013 in Navi Mumbai, Maharashtra, India. Engaging in diversified financial services within the financial and insurance service sector, it holds CIN: U74120MH2013FTC249024. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹31.00 Cr and a paid-up capital of ₹30.94 Cr.

It upholds a compliant status. Employing 6 professional, Its leadership includes Aditya Agarwal (Director), Divya Pillai Rajivkumar (Director), Craig Leigh Hutcheson (Director). Past directors included Divya Pillai Rajivkumar, Shreyas Vikrambhai Shah, Donald Scott Schilling. Its latest AGM occurred on 16 September 2025, with the balance sheet filed on 31 March 2025. It is based at Platinum Tecno Park, 9Th Floor, Plot No 17 & 18, Sector-30A, Vashi, Navi Mumbai, Maharashtra, 400705.

Company Details

CIN/LLPIN
U74120MH2013FTC249024
Registration Number
249024
Incorporation Date
09 October 2013
Authorized Capital
₹31.00 Cr
Paid-Up Capital
₹30.94 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 31.00 Cr as on 29-12-2025
Paid Up Capital ₹ 30.94 Cr as on 29-12-2025
Company Age 12 Year, 3 Months
Last Filing with ROC 31 Mar 2025
Revenue Growth **** 106.17% (FY 2021)
Profit Growth **** 33.21% (FY 2021)
Ebitda **** 33.31% (FY 2021)
Net Worth -19.55% (FY 2021)
Total Assets -14.52% (FY 2021)

Comprehensive Company Insights

Explore comprehensive insights into Morningstar Investment Research India Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Morningstar Investment Research India Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Aditya Agarwal	Director	09 Oct 2013	Current
Divya Pillai Rajivkumar	Director	29 Aug 2023	Current
Craig Leigh Hutcheson	Director	26 May 2022	Current
Kaustubh Uday Belapurkar	Additional Director	12 Mar 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	13 Sep 2023	Past
Pramod Abcsdd	Additional Director	30 Sep 2022	Past
Pramod Abcsdd	Director	29 Mar 2022	Past
Pramod Abcsdd	Additional Director	30 Sep 2022	Past
Pramod Abcsdd	Company Secretary	-	Past

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Financial Performance of Morningstar Investment Research India.

Morningstar Investment Research India Private Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 106.17% increase. The company also saw a substantial improvement in profitability, with a 33.21% increase in profit. The company's net worth observed a substantial decline by a decrease of 19.55%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

106.17%

*******

Revenue from Operations

*******

108.95%

*******

Total Assets

*******

-14.52%

*******

Profit or Loss

*******

33.21%

*******

Net Worth

*******

-19.55%

*******

EBITDA

*******

33.31%

*******

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What is the Ownership and Shareholding Structure of Morningstar Investment Research India?

In 2020, Morningstar Investment Research India had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Morningstar Investment Research India?

Morningstar Investment Research India has a workforce of 6 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Morningstar Investment Research India, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Morningstar Investment Research India's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Morningstar Investment Research India

Recent Activity within the Organization

Annual General Meeting

Morningstar Investment Research India Private Limited last Annual general meeting of members was held on 16 Sep 2025 as per latest MCA records. was recorded as a recent event.
16 Sep 2025
Balance Sheet

Morningstar Investment Research India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was recorded as a recent event.
31 Mar 2025
Director Appointment

The activity Kaustubh Uday Belapurkar was appointed as a Additional Director was appointed as a Additional Director on 12 Mar 2025 & has been associated with this company since 10 months 21 days . was completed.
12 Mar 2025
Director Appointment

Divya Pillai Rajivkumar was appointed as a Director was appointed as a Director on 29 Aug 2023 & has been associated with this company since 2 years 5 months . was recorded as a recent event.
29 Aug 2023
Director Appointment

Progress on Craig Leigh Hutcheson was appointed as a Director was appointed as a Director on 26 May 2022 & has been associated with this company since 3 years 8 months . was documented.
26 May 2022
Director Appointment

Rashmi Pandit was appointed as a Company Secretary was appointed as a Company Secretary on 24 Nov 2017 & has been associated with this company since 8 years 2 months . was recorded as a recent event.
24 Nov 2017

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