About Nafa Asset Managers Private Limited
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Nafa Asset Managers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Nafa Capital Advisors Private Limited. It operates in the portfolio management services segment of the financial services sector. It was incorporated on 22 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH2008PTC179329. Its GSTIN is 27AALCS6402Q1ZQ (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.86 Cr. It was formerly known as Iti Wealth Management Private Limited and Sharyans Wealth Management Private Limited. It is led by directors including Gaurav Bhalla and Senthilnathan.
Its last annual general meeting (AGM) was held on 19 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 ₹8.34 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹63.18 Lakh (net margin 7.6%) and EBITDA of ₹1.06 Cr (EBITDA margin 12.7%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 29% over five years.
As per MCA filings, the company has open charges of ₹83.67 Lakh on record. The company has 11 deals on record (5 secondary share transfers, 3 rights issues, 2 acquisitions), with disclosed funding of ₹2 Cr; the latest was in March 2021. Its 10 peer companies in the BFSI industry (Portfolio Managers) are compared by revenue, 5 larger and 5 smaller; the largest is Infinity Alternatives Investment Managers Private Limited with revenue of ₹8.76 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 nafaassetmanagers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address302 Naman Centre Plot C – 31 G Block G Block Bandra Kurla Complex Bharat Nagar Bandr, A East, Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Portfolio Management Services
- 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
- One PDF report, delivered after checkout
Business Activity of Nafa Asset Managers Private Limited
The main business activity of Nafa Asset Managers is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Nafa Asset Managers Private Limited FY 2025 filings available
Nafa Asset Managers Private Limited reported revenue of ₹8.34 Cr (up 43% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Nafa Asset Managers Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 43% growth in the latest year. EBITDA rose 16% 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 of Nafa Asset Managers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹1.06 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹63.18 Lakh | •••• | •••• | •••• | •••• |
| 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 of Nafa Asset Managers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Nafa Asset Managers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Nafa Asset Managers Private Limited
Nafa Asset Managers Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Portfolio Managers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Infinity Alternatives Investment Managers Private Limited | ₹8.76 Cr (FY 2025) | •••• | •••• | 177.0% | •••• | Mumbai, Maharashtra, India |
| Takshil Financial Services Private Limited | ₹8.75 Cr (FY 2025) | •••• | •••• | -81.0% | •••• | Mumbai, Maharashtra, India |
| Moneygrow Asset Private Limited | ₹8.65 Cr (FY 2025) | •••• | •••• | 336.0% | •••• | Mumbai, Maharashtra, India |
| Modern Fincon Private Limited | ₹8.59 Cr (FY 2024) | •••• | •••• | 140.0% | •••• | Punjabi Bagh, Delhi, India |
| Sagar Portfolio Services Limited | ₹8.37 Cr (FY 2025) | •••• | •••• | 1224.0% | •••• | Mumbai, Maharashtra, India |
| Nafa Asset Managers Private Limited this company | ₹8.34 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Mumbai, Maharashtra, India |
| Ventureast Investment Advisors Private Limited | ₹8.1 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Chennai, Tamil Nadu, India |
| Marck Fincon Private Limited | ₹8.07 Cr (FY 2025) | •••• | •••• | -63.0% | •••• | New Delhi, Delhi, India |
| Steptrade Capital Private Limited | ₹7.85 Cr (FY 2025) | •••• | •••• | 203.0% | •••• | Ahmedabad, Gujarat, India |
| Astute Investment Management Private Limited | ₹7.79 Cr (FY 2025) | •••• | •••• | 113.0% | •••• | Mumbai, Maharashtra, India |
| Westbridge Capital India Advisors Private Limited | ₹7.57 Cr (FY 2022) | •••• | •••• | 31.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Nafa Asset Managers by revenue in the BFSI industry (Portfolio Managers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Nafa Asset Managers Private Limited
Nafa Asset Managers Private Limited is audited by Chaturvedi & Shah LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Chaturvedi & Shah LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Nafa Asset Managers Private Limited
Nafa Asset Managers has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Bhalla | Director | 05 Aug 2022 | 4 Years 2 Months | Current |
| Senthilnathan Also directs: Nafa Anantha LLP | Director | 28 Nov 2019 | 6 Years 10 Months | Current |
| Narayanan Balaji Vaidyanath Also directs: Nafa Anantha LLP, Nafa Sustainable Finance Private Limited | Director | 28 Apr 2017 | 9 Years 5 Months | Current |
| Gayatri Sethuraman Also directs: Indi Farmers Sustainable Ventures Private Limited, Draslovka Asia Private Limited, Uap Cyber Private Limited and 1 more | Director | 11 Dec 2020 | 5 Years 10 Months | Current |
Ownership and Shareholding of Nafa Asset Managers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Nafa Asset Managers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Oct 2024 | Others | ₹46.5 Lakh | Open |
| 15 Oct 2024 | Others | ₹20.5 Lakh | Open |
| 26 Jul 2022 | Others | ₹16.67 Lakh | Open |
Total charge records: 3 View all charges
Deals & Funding of Nafa Asset Managers Private Limited
Nafa Asset Managers Private Limited has 11 deals on record (5 secondary share transfers, 3 rights issues, 2 acquisitions), with disclosed funding of ₹2 Cr; the latest was in March 2021.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Rights issue | ₹25 Lakh | Investors: Nafa Capital Advisors Private Limited |
| Aug 2019 | Rights issue | ₹1.6 Cr | Investors: Nafa Capital Advisors Private Limited |
| Jul 2019 | Secondary share transfer | Undisclosed | Buyer: NAFA Capital Advisors Private Limited & Vijay Kundanmal Choraria, Nafa Capital Advisors Private Limited Seller: Crest Ventures Limited , an individual |
| May 2017 | Secondary share transfer | Undisclosed | Buyer: Crest Ventures Limited Seller: an individual |
| Mar 2016 | Rights issue | ₹1.75 Cr | Investors: Crest Ventures Limited , Nafa Capital Advisors Private Limited , 2 individuals |
Full deal history
All 11 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Nafa Asset Managers Private Limited
Employment history and EPFO contributions of people linked to Nafa Asset Managers.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Nafa Asset Managers Private Limited
Nafa Asset Managers has undergone 3 name changes throughout its history. The company was previously known as Iti Wealth Management Private Limited, Sharyans Wealth Management Private Limited, and Crest Wealth Management Private Limited. The current legal name is Nafa Asset Managers Private Limited.
| Company Name | Status |
|---|---|
| Nafa Asset Managers Private Limited | Current |
| Iti Wealth Management Private Limited | Previous |
| Sharyans Wealth Management Private Limited | Previous |
| Crest Wealth Management Private Limited | Previous |
News related to Nafa Asset Managers Private Limited
Recent Activity on Nafa Asset Managers Private Limited
Nafa Asset Managers Private Limited has 19 board changes on record since 2010: 4 appointments and 15 cessations. The latest: Gaurav Bhalla was appointed as Director on 05 Aug 2022.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Nafa Asset Managers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Nafa Asset Managers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Nafa Asset Managers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Nafa Asset Managers Private Limited
Nafa Asset Managers has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCS6402Q1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 33AALCS6402Q1ZX | Tamil Nadu | Active | 07 Mar 2025 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Nafa Asset Managers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Nafa Asset Managers Private Limited
Nafa Asset Managers is an active private limited company based in Mumbai, Maharashtra, India. The company works in portfolio management services, within the financial services industry. It was incorporated on 22 February 2008 (18+ years old) and is registered under CIN U74140MH2008PTC179329.
Nafa Asset Managers reported revenue of ₹8.34 Cr for FY 2025 (up 43% YoY).
Nafa Asset Managers has 4 current directors:
- Gaurav Bhalla - Director
- Senthilnathan - Director
- Narayanan Balaji Vaidyanath - Director
- Gayatri Sethuraman - Director
Nafa Asset Managers reported a net profit of ₹63.18 Lakh (net margin 7.6%) and EBITDA of ₹1.06 Cr (EBITDA margin 12.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nafa Asset Managers is 29% over three years and 29% over five years. In the latest year (FY 2025) revenue rose 43%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Nafa Asset Managers is 27AALCS6402Q1ZQ, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AALCS6402Q1ZX (Tamil Nadu).
The CIN (Corporate Identification Number) of Nafa Asset Managers is U74140MH2008PTC179329. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nafa Asset Managers was incorporated on 22 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Nafa Asset Managers has 11 deals on record (5 secondary share transfers, 3 rights issues, 2 acquisitions), with disclosed funding of ₹2 Cr; the latest was in March 2021.
The peers of Nafa Asset Managers by revenue are Infinity Alternatives Investment Managers Private Limited, Takshil Financial Services Private Limited, Moneygrow Asset Private Limited, Modern Fincon Private Limited, Sagar Portfolio Services Limited and 5 more, all in the BFSI industry (Portfolio Managers).
Gaurav Bhalla was appointed as Director on 05 Aug 2022. Rajesh Pherwani Manohar ceased to be Additional Director on 06 Sep 2021. Gayatri Sethuraman ceased to be Additional Director on 16 Dec 2020. Nafa Asset Managers has 19 board changes on record in total.