About Nirmal Bang Securities Private Limited
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Nirmal Bang Securities Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 12 September 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1997PTC110659. Its GSTIN is 27AAACN7369L1ZW (Maharashtra). The company holds 19 GST registrations, of which 18 are active.
The company has an authorised share capital of ₹28.5 Cr and a paid-up capital of ₹27.43 Cr. It is led by directors including Kishore Mishrilal Bang (Managing Director) and Dilip Mishrilal Bang (Managing Director).
Its last annual general meeting (AGM) was held on 09 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 2 302 Marathon Innova Ganpatrao Kadam Marg Peninsula Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹314.13 Cr, a decline of 5.2% compared to the previous year.
The company has about 788 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Niveshalaya and Nirmal Bang. As per MCA filings, the company has open charges of ₹937 Cr and satisfied charges of ₹188.53 Cr on record. Court records list 235 cases involving the company, including 130 filed by the company and 107 filed against it; 50 cases are pending. The company has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 debt financing), with disclosed funding of ₹106.5 Cr; the latest was in February 2024. Its 4 peer companies in the BFSI industry (Broking Services), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 1 smaller; the largest is DSN Securities Private Limited with revenue of ₹356.66 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 nirmalbang.com.
Company details
Contact details
Nirmal Bang Securities Private Limited's registered office is in Mumbai, Maharashtra. Its website is nirmalbang.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressB – 2 302 Marathon Innova Ganpatrao Kadam Marg Peninsula Corporate Park Lower Parel Wes, T, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Nirmal Bang Securities Private 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
Nirmal Bang Securities operates two associated brands: Niveshalaya and Nirmal Bang. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides online mutual fund investments, SIPs, and financial planning services. | niveshalaya.com | |
| Financial services including stock broking, mutual funds, and commodity trading in India. | nirmalbang.com |
Business activity
Nirmal Bang Securities operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Other financial activities |
To see the full business activity and turnover split of Nirmal Bang Securities Private Limited, buy the company report.
Financials of Nirmal Bang Securities Private Limited
FY 2025 filings availableNirmal Bang Securities Private Limited reported revenue of ₹314.13 Cr (down 5.2% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5.2% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Revenue | ₹314.13 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Nirmal Bang Securities Private Limited, buy the company report.
Board of directors of Nirmal Bang Securities Private Limited
Nirmal Bang Securities has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Premchand Bhandari Also directs: Nirmal Bang Insurance Broking Private Limited | Director | 25 Apr 2013 | 13 Years 6 Months | Current |
| Samir Pranlal Kamdar | Whole-Time Director | 15 Nov 1997 | 28 Years 11 Months | Current |
| Kishore Mishrilal Bang Also directs: Bang Equity Broking Private Limited, Bang Securities Private Limited, Nirmal Bang Insurance Broking Private Limited and 2 more | Managing Director | 11 May 2007 | 19 Years 5 Months | Current |
| Dilip Mishrilal Bang Also directs: Bang Equity Broking Private Limited, Bang Securities Private Limited, Nirmal Bang Wealth Private Limited and 1 more | Managing Director | 12 Sep 1997 | 29 Years 1 Months | Current |
| Sunil Hanumanmal Jain Also directs: Macro Financial Services P Ltd | Director | 25 Apr 2013 | 13 Years 6 Months | Current |
Peer comparison
Nirmal Bang Securities Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Broking Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| DSN Securities Private Limited | ₹356.66 Cr (FY 2025) | -32.0% | New Delhi, Delhi, India | |||
| Essemm Fincap Private Limited | ₹353.24 Cr (FY 2025) | -3.0% | Hyderabad, Telangana, India | |||
| One-Up Financial Consultants Pvt Ltd | ₹351.74 Cr (FY 2025) | 47.0% | Mumbai, Maharashtra, India | |||
| C. R. Kothari & Sons Commodities Private Limited | ₹342.86 Cr (FY 2025) | -58.0% | Ajmer, Rajasthan, India | |||
| Nirmal Bang Securities Private Limitedthis company | ₹314.13 Cr (FY 2023) | -5.2% | 788 | Mumbai, Maharashtra, India |
To see the full peer comparison of Nirmal Bang Securities Private Limited, buy the company report.
Auditor
Nirmal Bang Securities Private Limited is audited by V B GOEL & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V B GOEL & CO | FY 2023 | 115906W |
Shareholding
The shareholding of Nirmal Bang Securities Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nirmal Bang Securities Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Dec 2025 | 101206113 | Others | ₹60 Cr | Open | |
| 03 Oct 2025 | 101174671 | Others | ₹30 Cr | Open | |
| 29 Oct 2024 | 101006110 | Others | ₹60 Cr | Open | |
| 15 Mar 2024 | 100907661 | Others | ₹40 Cr | Open | |
| 06 Feb 2024 | 100874484 | State Bank of India | ₹1 Cr | Open |
To see the full charge records of Nirmal Bang Securities Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Nirmal Bang Securities Private Limited has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 debt financing), with disclosed funding of ₹106.5 Cr; the latest was in February 2024.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Secondary share transfer | Undisclosed | Buyer: Bang Equity Broking Private Limited Seller: Shresh Tech Solutions Limited, Rockhard Tech Solutions Private Limited |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Bang Securities Private Limited , Shresh Tech Solutions Limited, Mindset Securities Private Limited Seller: Nirmal Bang Family Trust, an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Seller: Mindset Securities Private Limited , Bang Securities Private Limited |
| Jun 2009 | Secondary share transfer | Undisclosed | Buyer: Nirmal Bang Commodities Private Limited Seller: Trim Leasing and Finance Private Limited , Jiffy Trading Investment Private Limited , Herga Investments Private Limited |
| Nov 2007 | Secondary share transfer | Undisclosed | Buyer: Trim Leasing and Finance Private Limited Seller: Pittie Projects& Finance Private Limited, an individual |
To see the full deal history of Nirmal Bang Securities Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nirmal Bang Securities Private Limited has 235 court cases on record: 130 filed by Nirmal Bang Securities, 107 filed against it. 50 cases are pending and 185 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 154 | 70 | 34 |
| High courts | 75 | 32 | 16 |
| Supreme Court | 6 | 5 | 0 |
Cases on record (5 of 235)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI APPEAL) | Filed against the company by M/S. Kuvam Plast Pvt. Ltd. in @ Ma 3361/19 @ Ma 3362-19 @ Ba 3272-19 - Appellants and 2 others | Pending |
| District court, Central, Delhi | Commercial suit | Filed against the company by M/S Nirmal Bang Securities Pvt.Ltd. | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company | Pending |
| High Court of Gujarat | Arbitration matter | 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 Nirmal Bang Securities Private 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
Nirmal Bang Securities Private Limited was last rated by Crisil on 17 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 17 Mar 2020 |
To see the full credit ratings and regulatory alerts of Nirmal Bang Securities Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nirmal Bang Securities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Nirmal Bang Securities has 2 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Nirmal Bang Insurance Broking Private Limited | U66030MH2001PTC133638 | |
| Nirmal Bang Equities Private Limited | U67120MH1995PTC086575 |
To see the full group structure of Nirmal Bang Securities Private Limited, buy the company report.
Employees & EPFO
Nirmal Bang Securities Private Limited has a workforce of 788 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Nirmal Bang Securities has 19 GST registrations: 18 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN7369L1ZW | Maharashtra | Active | 01 Jul 2017 |
| 27AAACN7369L2ZV | Maharashtra | Active | 06 Oct 2017 |
| 08AAACN7369L1ZW | Rajasthan | Active | 01 Jul 2017 |
| 09AAACN7369L1ZU | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nirmal Bang Securities Private Limited, buy the company report.
Recent activity
Nirmal Bang Securities Private Limited has 7 board changes on record since 1997: 6 appointments and 1 cessation. The latest: Rakesh Premchand Bhandari was appointed as Director on 25 Apr 2013.
28 earlier events are in the company report.
News
Frequently asked questions
Nirmal Bang Securities is an active private limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 12 September 1997 (29+ years old) and is registered under CIN U99999MH1997PTC110659.
Nirmal Bang Securities has 5 current directors:
- Kishore Mishrilal Bang - Managing Director
- Dilip Mishrilal Bang - Managing Director
- Samir Pranlal Kamdar - Whole-Time Director
- Rakesh Premchand Bhandari - Director
- Sunil Hanumanmal Jain - Director
The latest financial statements of Nirmal Bang Securities on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 09 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nirmal Bang Securities is 27AAACN7369L1ZW, registered in Maharashtra. The company has 19 GST registrations in all, of which 18 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACN7369L2ZV (Maharashtra), 08AAACN7369L1ZW (Rajasthan), 09AAACN7369L1ZU (Uttar Pradesh).
The CIN (Corporate Identification Number) of Nirmal Bang Securities is U99999MH1997PTC110659. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirmal Bang Securities has 235 court cases on record: 130 filed by the company and 107 filed against it. 50 are pending. Most are in the district courts.
Nirmal Bang Securities was incorporated on 12 September 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Nirmal Bang Securities has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 debt financing), with disclosed funding of ₹106.5 Cr; the latest was in February 2024.
The peers of Nirmal Bang Securities by revenue are DSN Securities Private Limited, Essemm Fincap Private Limited, One-Up Financial Consultants Pvt Ltd, C. R. Kothari & Sons Commodities Private Limited, all in the BFSI industry (Broking Services), with the same principal business activity (other financial activities).
Rakesh Premchand Bhandari was appointed as Director on 25 Apr 2013. Sunil Hanumanmal Jain was appointed as Director on 25 Apr 2013. Mahavir Prasad Toshniwal ceased to be Company Secretary on 07 Sep 2009. Nirmal Bang Securities has 7 board changes on record in total.
Nirmal Bang Securities can be reached through the website nirmalbang.com. Its registered office is in Mumbai, Maharashtra, India.
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