Anand Rathi Financial Services Limited

Anand Rathi Financial Services Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U67120MH1996PLC100108 Incorporated 07 June 1996 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Public Limited Company financial services
Data last updated
Revenue · FY 2025
₹1,836.08 Cr
▼ 53% YoY
Net profit · FY 2025
₹386.88 Cr
Net margin 21.1%
EBITDA · FY 2025
₹814.63 Cr
EBITDA margin 44.4%
Authorised capital
₹40 Cr
Registered with MCA
Paid-up capital
₹22.38 Cr
Issued & subscribed
Open charges
₹3,576.26 Cr
Satisfied ₹205.57 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
43
Provident fund records

About Anand Rathi Financial Services Limited

Data last updated:

Anand Rathi Financial Services Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the financial product distributors segment of the financial services sector. It was incorporated on 07 June 1996 and has been in existence for over 30 years.

Its director Anand Rathi is #448 among India's richest people (2026). Its director Pradeep Kumar Gupta is #505 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1996PLC100108. Its GSTIN is 27AABCA3577G1ZP (Maharashtra). The company holds 6 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹22.38 Cr. It was formerly known as Anand Rathi Securities Limited and Anand Rathi Securities Private Limited. It is led by directors including Deepak Mundra (Whole-Time Director) and Priti Pradeep Gupta (Whole-Time Director).

Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹1,836.08 Cr, a decline of 53% compared to the previous year. For the same year it recorded a net profit of ₹386.88 Cr (net margin 21.1%) and EBITDA of ₹814.63 Cr (EBITDA margin 44.4%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 22% over five years.

The company has about 43 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.

The company is associated with 2 brands: Anand Rathi and Anand Rathi Group. As per MCA filings, the company has open charges of ₹3,576.26 Cr and satisfied charges of ₹205.57 Cr on record. Court records list 103 cases involving the company, including 69 filed by the company and 34 filed against it; 9 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹85.03 Cr; the latest was in March 2007. Its 3 peer companies in the BFSI industry (Broking Services, Financial Instrument Distributors), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 1 smaller; the largest is Jainam Broking Limited with revenue of ₹1,991.63 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rathi.com.

Company details

CIN U67120MH1996PLC100108
Registration Number 100108
Incorporation Date 07 June 1996
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

Name history

Anand Rathi Financial Services has undergone 2 name changes throughout its history. The company was previously known as Anand Rathi Securities Limited, and Anand Rathi Securities Private Limited. The current legal name is Anand Rathi Financial Services Limited.

Company NameStatus
Anand Rathi Financial Services LimitedCurrent
Anand Rathi Securities LimitedPrevious
Anand Rathi Securities Private LimitedPrevious
Key People
Deepak Mundra Whole-Time Director Priti Pradeep Gupta Whole-Time Director Sudha Pravin Navandar Director

Recognitions & Rankings of Anand Rathi Financial Services

Contact details

Anand Rathi Financial Services Limited's registered office is in Malad East, Maharashtra. Its website is rathi.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    rathi.com
  • Registered Address
    Express Zone B – Wing 5th Floor, Western Express Highway, Mumbai, Maharashtra, India – 400097
  • Industry
    Financial Services, Financial Product Distributors

To see the full contact details of Anand Rathi Financial Services Limited, buy the company report.

Comprehensive company report
Anand Rathi Financial Services Limited - one report that includes everything
  • 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
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Brands

Anand Rathi Financial Services operates two associated brands: Anand Rathi and Anand Rathi Group. Each brand links to its own profile.

BrandDescriptionWebsite
Anand Rathi
Multiple assets are traded via an online brokerage platform.anandrathi.com
Anand Rathi Group
Financial services encompassing wealth management and stock brokerage are offered.rathi.com

Business activity

The main business activity of Anand Rathi Financial Services is financial and insurance service. In detail, this covers other financial activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK8Other financial activities

To see the full business activity and turnover split of Anand Rathi Financial Services Limited, buy the company report.

Financials of Anand Rathi Financial Services Limited

FY 2025 filings available

Anand Rathi Financial Services Limited reported revenue of ₹1,836.08 Cr (down 53% YoY) for FY 2025.

Revenue · FY 2025
₹1,836.08 Cr ▼ 53%
Net profit · FY 2025
₹386.88 Cr margin 21.1%
EBITDA · FY 2025
₹814.63 Cr margin 44.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 53%
3 years · compounded
▲ 16%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▼ 73%
3 years · compounded
▲ 6%
5 years · compounded
▲ 38%

Revenue fell 53% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA fell 73% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹814.63 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹386.88 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
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin44.4%
Net Profit Margin21.1%
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 Anand Rathi Financial Services Limited, buy the company report.

Board of directors of Anand Rathi Financial Services Limited

Anand Rathi Financial Services has 8 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sudha Pravin Navandar
Also directs: Anand Rathi Share and Stock Brokers Limited, Saksham Insolvency Resolution LLP, Sudarshan Colorants India Limited and 5 more
Director30 Nov 20187 Years 11 MonthsCurrent
Anand Nandkishore Rathi
Also directs: Anand Rathi Wealth Limited, Anand Rathi Global Finance Limited, Pushpalata Rathi Foundation and 5 more
Director01 Apr 200224 Years 7 MonthsCurrent
Pradeep Navratan Gupta
Also directs: Anand Rathi Wealth Limited, Ishka Focus Film Production LLP, Navratan Foundation LLP and 5 more
Director13 Jan 199828 Years 9 MonthsCurrent
Abhishek Rathi
Also directs: Ar Digital Wealth Private Limited, Asha Leasing and Finance Private Limited, Anand Rathi Insurance Brokers Limited and 5 more
Director26 Jul 20242 Years 3 MonthsCurrent
Deepak Mundra
Also directs: Deepakmundra Initatives Foundation
Whole-Time Director08 Dec 20250 Years 10 MonthsCurrent
Priti Pradeep Gupta
Also directs: Ishka Focus Film Production LLP, Navratan Foundation LLP, Lxme Acquaintance LLP and 5 more
Whole-Time Director08 Jul 20251 Years 3 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Peer comparison

Anand Rathi Financial Services Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking Services, Financial Instrument Distributors), with the same principal business activity (other financial activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Jainam Broking Limited₹1,991.63 Cr (FY 2025)-23.0%Gandhinagar, Gujarat, India
Pelican Portfolio Services Private Limited₹1,873.82 Cr (FY 2025)86.0%Mumbai, Maharashtra, India
Anand Rathi Financial Services Limitedthis company₹1,836.08 Cr (FY 2025)₹386.88 Cr21.1%-53.0%43Mumbai, Maharashtra, India
National Securities Depository Limited₹1,535.19 Cr (FY 2025)12.0%Mumbai, Maharashtra, India

To see the full peer comparison of Anand Rathi Financial Services Limited, buy the company report.

Auditor

Anand Rathi Financial Services Limited is audited by R Kabra & Co. LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
R Kabra & Co. LLPFY 2023104502W

Shareholding

The shareholding of Anand Rathi Financial Services Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Anand Rathi Financial Services Limited, buy the company report.

Charges & borrowings

Open charges
₹3,576.26 Cr
Satisfied charges
₹205.57 Cr
Breakdown by lending institutions
Others₹2,889.55 Cr
Bank of India₹446.36 Cr
Hdfc Bank Limited₹150.35 Cr
State Bank of India₹90.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
31 Jul 2026101370251Hdfc Bank Limited₹150 CrOpen
30 Jul 2026101370507Others₹10.45 CrOpen
14 Jul 2026101352281State Bank of India₹90 CrOpen
04 Jul 2026101347811Hdfc Bank Limited₹35 LakhOpen
25 May 2026101312069Others₹1.6 CrOpen

To see the full charge records of Anand Rathi Financial Services Limited, buy the company report.

Total charge records: 23 View all charges

Deals & funding

Anand Rathi Financial Services Limited has 1 deal on record (1 funding round), with disclosed funding of ₹85.03 Cr; the latest was in March 2007.

Total deals
1
Funding round
1
Disclosed funding
₹85.03 Cr

Deals on record (1 of 1)

WhenDealAmountParties
Mar 2007Funding round₹85.03 CrInvestors: The Rohatyn Group

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Anand Rathi Financial Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Anand Rathi Financial Services has 4 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

4
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Anand Rathi Share and Stock Brokers LimitedU67120MH1991PLC064106
Anand Rathi Commodities LimitedU67120MH1991PLC064107
Anand Rathi Insurance Brokers LimitedU67120MH1992PLC066006
Anand Rathi Global Finance LimitedU67190MH1982PLC140380

To see the full group structure of Anand Rathi Financial Services Limited, buy the company report.

Employees & EPFO

Anand Rathi Financial Services Limited has a workforce of 43 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.

Employee count
43
Active EPFO establishments
1
Employee growth
2050%

GST

Anand Rathi Financial Services has 6 GST registrations: 1 active and 5 cancelled or inactive.

Total GSTINs
6
Active
1
Cancelled / inactive
5
GSTINStateStatusRegistered on
27AABCA3577G1ZPMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Anand Rathi Financial Services Limited, buy the company report.

Recent activity

Anand Rathi Financial Services Limited has 26 board changes on record since 1998: 9 appointments and 17 cessations. The latest: Deepak Mundra was appointed as Whole-Time Director on 08 Dec 2025.

Charges
A charge with Hdfc Bank Limited amounted to Rs. 150.00 Cr with Charge ID 101370251 was registered on 31 Jul 2026.
Charges
A charge with Others amounted to Rs. 10.45 Cr with Charge ID 101370507 was registered on 30 Jul 2026.
Charges
A charge with State Bank Of India amounted to Rs. 90.00 Cr with Charge ID 101352281 was registered on 14 Jul 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.35 Cr with Charge ID 101347811 was registered on 04 Jul 2026.
Charges
A charge with Others amounted to Rs. 1.60 Cr with Charge ID 101312069 was registered on 25 May 2026.
Charges
A charge with Bank Of India of Rs. 446.36 Cr registered on 28 Feb 2025 with Charge ID 101062984 was modified on 28 Jan 2026.
Appointed
Deepak Mundra was appointed as Whole-Time Director.
AGM
Anand Rathi Financial Services Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Appointed
Priti Pradeep Gupta was appointed as Whole-Time Director.
Filing
Anand Rathi Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Bank Of India amounted to Rs. 446.36 Cr with Charge ID 101062984 was registered on 28 Feb 2025.
Charges
A charge with Others amounted to Rs. 47.50 Cr with Charge ID 101055177 was registered on 07 Feb 2025.

53 earlier events are in the company report.

News

Frequently asked questions

Anand Rathi Financial Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in financial product distributors, within the financial services industry. It was incorporated on 07 June 1996 (30+ years old) and is registered under CIN U67120MH1996PLC100108.

Anand Rathi Financial Services has 8 current directors:

The latest financial statements of Anand Rathi Financial Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Anand Rathi Financial Services is 27AABCA3577G1ZP, registered in Maharashtra. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.

The CIN (Corporate Identification Number) of Anand Rathi Financial Services is U67120MH1996PLC100108. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Anand Rathi Financial Services has 103 court cases on record: 69 filed by the company and 34 filed against it. 9 are pending. Most are in the district courts.

Anand Rathi Financial Services was incorporated on 07 June 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.

Anand Rathi Financial Services has 1 deal on record (1 funding round), with disclosed funding of ₹85.03 Cr; the latest was in March 2007.

The peers of Anand Rathi Financial Services by revenue are Jainam Broking Limited, Pelican Portfolio Services Private Limited, National Securities Depository Limited, all in the BFSI industry (Broking Services, Financial Instrument Distributors), with the same principal business activity (other financial activities).

Deepak Mundra was appointed as Whole-Time Director on 08 Dec 2025. Priti Pradeep Gupta was appointed as Whole-Time Director on 08 Jul 2025. Jugalkishor Mantri ceased to be Additional Director on 23 Sep 2024. Anand Rathi Financial Services has 26 board changes on record in total.

Anand Rathi Financial Services can be reached through the website rathi.com. Its registered office is in Mumbai, Maharashtra, India.