About Indiabulls Securities Limited
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Indiabulls Securities Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Dhani Services Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 30 October 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2003PLC122874. Its GSTIN is 07AABCI2081F1ZW (Delhi). The company holds 21 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹10.28 Cr. It was formerly known as Indiabulls Commodities Limited. It is led by directors including Ashu Khanna (Whole-Time Director) and Raj Kumar Gupta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 2 First Floor, Kirti Nagar, New Delhi, Delhi, India – 110015.
As per the financials filed for FY 2025, the company reported a revenue of ₹131.15 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹18.74 Cr (net margin 14.3%) and EBITDA of ₹46.48 Cr (EBITDA margin 35.4%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 1% over five years.
The company has about 84 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Dhani Stocks. As per MCA filings, the company has open charges of ₹58 Cr on record. Court records list 229 cases involving the company, including 165 filed by the company and 64 filed against it; 24 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dhanistocks.com.
Company details
Name history
Indiabulls Securities has undergone 3 name changes throughout its history. The company was previously known as Indiabulls Securities Limited, Indiabulls Commodities Limited, and Indiabulls Commodities Private Limited. The current legal name is Indiabulls Securities Limited.
| Company Name | Status |
|---|---|
| Indiabulls Securities Limited | Current |
| Indiabulls Commodities Limited | Previous |
| Indiabulls Commodities Private Limited | Previous |
CIN history
Indiabulls Securities has one previous CIN (Corporate Identification Number): U74999DL2003PTC122874. The current CIN is U74999DL2003PLC122874, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999DL2003PLC122874 | Current |
| U74999DL2003PTC122874 | Previous |
Contact details
Indiabulls Securities Limited's registered office is in New Delhi, Delhi. Its website is dhanistocks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 2 First Floor, Kirti Nagar, New Delhi, Delhi, India – 110015
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Indiabulls Securities Limited, buy the company report.
- 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
Brands
Indiabulls Securities operates one associated brand: Dhani Stocks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online brokerage for stock trading, portfolio management, and IPO applications in India. | dhanistocks.com |
Business activity
The main business activity of Indiabulls Securities is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Indiabulls Securities Limited, buy the company report.
Financials of Indiabulls Securities Limited
FY 2025 filings availableIndiabulls Securities Limited reported revenue of ₹131.15 Cr (up 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 16% growth in the latest year. EBITDA rose 40% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹46.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.74 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 35.4% | ||||
| Net Profit Margin | 14.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Indiabulls Securities Limited, buy the company report.
Board of directors of Indiabulls Securities Limited
Indiabulls Securities has 4 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Divyesh Bharatkumar Shah Also directs: Indiabulls Limited | Director | 21 Oct 2008 | 18 Years 0 Months | Current |
| Ashu Khanna | Whole-Time Director | 02 Mar 2023 | 3 Years 8 Months | Current |
| Prem Prakash Mirdha | Director | 27 Mar 2025 | 1 Years 7 Months | Current |
| Raj Kumar Gupta | Whole-Time Director | 18 Jul 2023 | 3 Years 3 Months | Current |
Peer comparison
Indiabulls Securities Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Astha Credit and Securities Private Limited | ₹133.45 Cr (FY 2024) | 78.0% | Bhopal, Madhya Pradesh, India | |||
| Standard Chartered Securities (India) Limited | ₹132.17 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Ambit Wealth Private Limited | ₹131.57 Cr (FY 2025) | 114.0% | Mumbai, Maharashtra, India | |||
| Indiabulls Securities Limitedthis company | ₹131.15 Cr (FY 2025) | ₹18.74 Cr | 14.3% | 16.0% | 84 | New Delhi, Delhi, India |
| Zerodha Commodities Private Limited | ₹131.04 Cr (FY 2025) | -8.0% | Bangalore, Karnataka, India | |||
| Ohm International Share Broker Private Limited | ₹130.49 Cr (FY 2025) | 167.0% | Patna, Bihar, India | |||
| Integrated Master Securities Private Limited | ₹129.68 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India |
To see the full peer comparison of Indiabulls Securities Limited, buy the company report.
Auditor
Indiabulls Securities Limited is audited by A Sardana & Co. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A Sardana & Co. | FY 2017 | 021890N |
Shareholding
The shareholding of Indiabulls Securities 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indiabulls Securities Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 2025 | 101147351 | Indian Bank | ₹18 Cr | Open | |
| 27 Jan 2022 | 100532582 | Hdfc Bank Limited | ₹40 Cr | Open |
To see the full charge records of Indiabulls Securities Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Indiabulls Securities Limited has 229 court cases on record: 165 filed by Indiabulls Securities, 64 filed against it. 24 cases are pending and 205 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 212 | 54 | 20 |
| High courts | 17 | 10 | 4 |
Cases on record (5 of 229)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed against the company by Ms Sahota Info Pvt. Ltd. | Disposed |
| High Court for State of Telangana | Writ petition | Filed against the company | Pending |
| District court, North, Delhi | Civil suit | Filed against the company by State | Pending |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed against the company by an individual | Pending |
To see the full case history of Indiabulls Securities Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Indiabulls Securities Limited was last rated by Brickwork on 18 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 18 Dec 2020 |
To see the full credit ratings and regulatory alerts of Indiabulls Securities Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indiabulls Securities Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indiabulls Securities Limited has a workforce of 84 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Indiabulls Securities has 21 GST registrations: 11 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCI2081F1ZW | Delhi | Active | 01 Jul 2017 |
| 07AABCI2081F2ZV | Delhi | Active | 01 Jul 2024 |
| 09AABCI2081F1ZS | Uttar Pradesh | Active | 01 Jul 2017 |
| 27AABCI2081F1ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indiabulls Securities Limited, buy the company report.
Recent activity
Indiabulls Securities Limited has 23 board changes on record since 2008: 4 appointments and 19 cessations. The latest: Prem Prakash Mirdha ceased to be Additional Director on 21 Sep 2025.
17 earlier events are in the company report.
News
Frequently asked questions
Indiabulls Securities is an active public limited company based in New Delhi, Delhi, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 30 October 2003 (23+ years old) and is registered under CIN U74999DL2003PLC122874.
Indiabulls Securities has 4 current directors:
- Ashu Khanna - Whole-Time Director
- Raj Kumar Gupta - Whole-Time Director
- Divyesh Bharatkumar Shah - Director
- Prem Prakash Mirdha - Director
The latest financial statements of Indiabulls Securities on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indiabulls Securities is 07AABCI2081F1ZW, registered in Delhi. The company has 21 GST registrations in all, of which 11 are active and 10 are cancelled or inactive. Other active GSTINs include 07AABCI2081F2ZV (Delhi), 09AABCI2081F1ZS (Uttar Pradesh), 27AABCI2081F1ZU (Maharashtra).
The CIN (Corporate Identification Number) of Indiabulls Securities is U74999DL2003PLC122874. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indiabulls Securities has 229 court cases on record: 165 filed by the company and 64 filed against it. 24 are pending. Most are in the district courts.
Indiabulls Securities was incorporated on 30 October 2003, making it 23+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Indiabulls Securities by revenue are Astha Credit and Securities Private Limited, Standard Chartered Securities (India) Limited, Ambit Wealth Private Limited, Zerodha Commodities Private Limited, Ohm International Share Broker Private Limited and 1 more, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Prem Prakash Mirdha ceased to be Additional Director on 21 Sep 2025. Prem Prakash Mirdha was appointed as Director on 27 Mar 2025. Ashu Khanna ceased to be Additional Director on 25 Sep 2023. Indiabulls Securities has 23 board changes on record in total.
Indiabulls Securities can be reached through the website dhanistocks.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Indiabulls Securities is at A – 2 First Floor, Kirti Nagar, New Delhi, Delhi, India – 110015.
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