About New Markets Avenue Limited
Data last updated: 13 July 2026
New Markets Avenue Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in IT consulting and support services, a part of the broader technology and IT services sector. Incorporated on 06 November 1982, the company has been in operation for over 44 years.
Registered with ROC Mumbai under CIN L74120MH1982PLC028648. Listed on BSE: 508867.
Capital: an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.24 Cr. Formerly known as Neena Consultants Limited and New Markets Avenue Limited. It is led by directors including Kishore Kanhiyalal Jain and Sejal Dattaram Yerapale.
Last AGM: 31 July 2025. Financial statements filed for year ended 31 March 2025. Office: G2 & G3 Samarpan Complex Next To Mirador Hotel, Opp Satam Wadi Chakala Andheri East Mumbai – 400099, Maharashtra, India – 400099.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹19.25 Lakh, a decline of 7.89% compared to the previous year. The net worth stands at ₹5.77 Cr (up 441.52% YoY). Total assets are valued at ₹5.79 Cr (up 339.43% YoY).
The company is associated with 1 brand - New Markets Advisory.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website newmarketsadvisory.com.
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Registered AddressG2 & G3 Samarpan Complex Next To Mirador Hotel, Opp Satam Wadi Chakala Andheri East Mumbai – 400099, Maharashtra, India – 400099
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IndustryInformation Technology, IT Consulting & Support Services
- Historical Financials and ratios
- Shareholding pattern and group structure
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Name History of New Markets Avenue Limited
New Markets Avenue Limited has undergone 2 name changes throughout its history. The company was previously known as Neena Consultants Limited, and New Markets Avenue Limited. The current legal name is New Markets Avenue Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| New Markets Avenue Limited | Current |
| Neena Consultants Limited | Previous |
CIN History of New Markets Avenue Limited
New Markets Avenue Limited has one previous CIN (Corporate Identification Number): L74120MH1982PTC028648. The current CIN is L74120MH1982PLC028648, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74120MH1982PLC028648 | Current |
| L74120MH1982PTC028648 | Previous |
Associated Brands with New Markets Avenue Limited
New Markets Avenue Limited operates one associated brand: New Markets Advisory. These brands represent New Markets Avenue Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Limited information available | newmarketsadvisory.com |
Business Activity of New Markets Avenue Limited
New Markets Avenue Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
Business activity turnover details for New Markets Avenue Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
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Auditor Details of New Markets Avenue Limited
New Markets Avenue Limited is audited by Suvarna & Katdare (ICAI peer reviewed, certificate valid till 2028-12-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Suvarna & Katdare (ICAI peer reviewed, certificate valid till 2028-12-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of New Markets Avenue Limited
New Markets Avenue Limited is currently managed by 4 directors, with 20 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Kishore Kanhiyalal Jain
Also directs:
New Markets Avenue Limited
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Whole-Time Director | 12 Feb 2025 | 1 Years 5 Months | Current |
|
Sejal Dattaram Yerapale
Also directs:
New Markets Avenue Limited, Rrp Semiconductor Limited, Mascot Constructions Private Limited and 3 more
|
Director | 24 Apr 2025 | 1 Years 2 Months | Current |
| Kavita Sandeep Pawar | Director | 24 Sep 2024 | 1 Years 9 Months | Current |
| Uday Anant Sawant | Director | 24 Sep 2024 | 1 Years 9 Months | Current |
Financials of New Markets Avenue Limited FY 2026 filings available
New Markets Avenue Limited reported revenue of ₹19.25 Lakh (down 7.89% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹19.25 Lakh | ₹20.9 Lakh | ₹1.15 Lakh | ₹0 | ₹0 | ₹55,000 | ₹0 | ₹5.9 Lakh |
| Other Income | ₹34,000 | ₹0 | ₹1.83 Lakh | ₹8.13 Lakh | ₹9.38 Lakh | ₹6.83 Lakh | ₹15.11 Lakh | ₹8.01 Lakh |
| Total Income | ₹19.59 Lakh | ₹20.9 Lakh | ₹2.98 Lakh | ₹8.13 Lakh | ₹9.38 Lakh | ₹7.38 Lakh | ₹15.11 Lakh | ₹13.91 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹20.6 Lakh | ₹2.55 Lakh | ₹3.87 Lakh | ₹10.77 Lakh | ₹7.26 Lakh | ₹8.36 Lakh | ₹12.16 Lakh | ₹5.21 Lakh |
| Finance Costs | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Depreciation & Amortisation | ₹11,000 | ₹2,000 | ₹0 | ₹3,000 | ₹5,000 | ₹14,000 | ₹14,000 | ₹0 |
| Other Expenses | ₹30.63 Lakh | ₹16.69 Lakh | ₹11.95 Lakh | ₹24.58 Lakh | ₹9.72 Lakh | ₹8.39 Lakh | ₹6.36 Lakh | ₹14.47 Lakh |
| Total Expenses | ₹51.34 Lakh | ₹19.26 Lakh | ₹15.82 Lakh | ₹35.38 Lakh | ₹17.03 Lakh | ₹16.89 Lakh | ₹18.66 Lakh | ₹19.68 Lakh |
| Profit Before Exceptional Items & Tax | -₹31.75 Lakh | ₹1.64 Lakh | -₹12.84 Lakh | -₹27.25 Lakh | -₹7.65 Lakh | -₹9.51 Lakh | -₹3.55 Lakh | -₹5.77 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹31.75 Lakh | ₹1.64 Lakh | -₹12.84 Lakh | -₹27.25 Lakh | -₹7.65 Lakh | -₹9.51 Lakh | -₹3.55 Lakh | -₹5.77 Lakh |
| Total Tax Expense | ₹0 | ₹0 | ₹0 | ₹0 | -₹2,000 | ₹1,000 | ₹0 | ₹0 |
| Net Profit | -₹31.75 Lakh | ₹1.64 Lakh | -₹12.84 Lakh | -₹27.25 Lakh | -₹7.63 Lakh | -₹9.52 Lakh | -₹3.55 Lakh | -₹5.77 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | -₹1.61 Lakh | ₹1.23 Lakh | ₹1.26 Lakh | ₹0 | -₹2.45 Lakh |
| Total Comprehensive Income | -₹31.75 Lakh | ₹1.64 Lakh | -₹12.84 Lakh | -₹28.86 Lakh | -₹6.4 Lakh | -₹8.26 Lakh | -₹3.55 Lakh | -₹8.22 Lakh |
| EBITDA (computed) | -₹31.64 Lakh | ₹1.66 Lakh | -₹12.84 Lakh | -₹27.22 Lakh | -₹7.6 Lakh | -₹9.37 Lakh | -₹3.41 Lakh | -₹5.77 Lakh |
| Basic EPS | ₹-0.64 | ₹0.13 | ₹-1.04 | ₹-2.20 | ₹-0.61 | ₹-0.77 | ₹-0.29 | ₹-0.47 |
| Diluted EPS | ₹-0.64 | ₹0.13 | ₹-1.04 | ₹-2.20 | ₹-0.61 | ₹-0.77 | ₹-0.29 | ₹-0.47 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹5.79 Cr | ₹1.32 Cr | ₹1.13 Cr | ₹1.19 Cr | ₹2.01 Cr | ₹1.98 Cr | ₹1.96 Cr | ₹1.92 Cr |
| Non-current Assets | ₹76.13 Lakh | ₹63.63 Lakh | ₹63.24 Lakh | ₹0 | ₹3,000 | ₹15,000 | ₹23,000 | ₹31,000 |
| Current Assets | ₹5.03 Cr | ₹68.14 Lakh | ₹49.36 Lakh | ₹1.19 Cr | ₹2.01 Cr | ₹1.98 Cr | ₹1.96 Cr | ₹1.91 Cr |
| Property, Plant & Equipment | ₹48,000 | ₹26,000 | ₹0 | ₹0 | ₹3,000 | ₹8,000 | ₹23,000 | ₹0 |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Trade Receivables | ₹0 | ₹0 | ₹0 | ₹75,000 | ₹75,000 | ₹75,000 | ₹75,000 | ₹4.5 Lakh |
| Cash & Equivalents | ₹3.12 Cr | ₹4.13 Lakh | ₹35,000 | ₹3.12 Lakh | ₹4.52 Lakh | ₹6.85 Lakh | ₹1.5 Lakh | ₹65,000 |
| Equity (Net Worth) | ₹5.77 Cr | ₹1.07 Cr | ₹1.05 Cr | ₹1.18 Cr | ₹1.47 Cr | ₹1.53 Cr | ₹1.61 Cr | ₹1.65 Cr |
| Equity Share Capital | ₹6.27 Cr | ₹1.24 Cr | ₹1.24 Cr | ₹1.24 Cr | ₹1.24 Cr | ₹1.24 Cr | ₹1.24 Cr | ₹1.24 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 | ₹52.61 Lakh | ₹41.61 Lakh | ₹31.7 Lakh | ₹24.55 Lakh |
| Borrowings (Current) | ₹0 | ₹24.17 Lakh | ₹2.97 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Debt (computed) | ₹0 | ₹24.17 Lakh | ₹2.97 Lakh | ₹0 | ₹52.61 Lakh | ₹41.61 Lakh | ₹31.7 Lakh | ₹24.55 Lakh |
| Current Liabilities | ₹1.67 Lakh | ₹25.15 Lakh | ₹7.77 Lakh | ₹1.73 Lakh | ₹2.06 Lakh | ₹0 | ₹0 | ₹2.45 Lakh |
| Total Liabilities | ₹1.67 Lakh | ₹25.15 Lakh | ₹7.77 Lakh | ₹1.73 Lakh | ₹54.67 Lakh | ₹45.07 Lakh | ₹35.24 Lakh | ₹27 Lakh |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹1.83 Cr | ₹3.78 Lakh | -₹2.56 Lakh | ₹27.15 Lakh | -₹8.87 Lakh |
| Investing Cash Flow | -₹75.17 Lakh | ₹0 | -₹1.83 Lakh | ₹24.06 Lakh | -₹4.46 Lakh |
| Financing Cash Flow | ₹5.66 Cr | ₹0 | ₹1.62 Lakh | -₹52.61 Lakh | ₹11 Lakh |
| Capital Expenditure | ₹75.51 Lakh | ₹0 | ₹0 | ₹0 | ₹0 |
| Free Cash Flow (computed) | -₹2.58 Cr | ₹3.78 Lakh | -₹2.56 Lakh | ₹27.15 Lakh | -₹8.87 Lakh |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹3.08 Cr | ₹3.78 Lakh | -₹2.77 Lakh | -₹2.8 Lakh | -₹2.33 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹0 | ₹0 | ₹7.5 Lakh | ₹11.75 Lakh | ₹16.95 Lakh | ₹1.55 Lakh | ₹1.65 Lakh | ₹75,000 |
| Other Income | ₹34,000 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Income | ₹34,000 | ₹0 | ₹7.5 Lakh | ₹11.75 Lakh | ₹16.95 Lakh | ₹1.55 Lakh | ₹1.65 Lakh | ₹75,000 |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹8.85 Lakh | ₹8.9 Lakh | ₹2.25 Lakh | ₹60,000 | ₹1.7 Lakh | ₹55,000 | ₹15,000 | ₹15,000 |
| Finance Costs | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Depreciation & Amortisation | ₹6,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹0 | ₹0 | ₹0 |
| Other Expenses | ₹4.01 Lakh | ₹19.44 Lakh | ₹3.88 Lakh | ₹3.3 Lakh | ₹2.59 Lakh | ₹9.55 Lakh | ₹1.88 Lakh | ₹2.68 Lakh |
| Total Expenses | ₹12.92 Lakh | ₹28.36 Lakh | ₹6.15 Lakh | ₹3.92 Lakh | ₹4.31 Lakh | ₹10.1 Lakh | ₹2.03 Lakh | ₹2.83 Lakh |
| Profit Before Exceptional Items & Tax | -₹12.58 Lakh | -₹28.36 Lakh | ₹1.35 Lakh | ₹7.83 Lakh | ₹12.64 Lakh | -₹8.55 Lakh | -₹38,000 | -₹2.08 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹12.58 Lakh | -₹28.36 Lakh | ₹1.35 Lakh | ₹7.83 Lakh | ₹12.64 Lakh | -₹8.55 Lakh | -₹38,000 | -₹2.08 Lakh |
| Total Tax Expense | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Profit | -₹12.58 Lakh | -₹28.36 Lakh | ₹1.35 Lakh | ₹7.83 Lakh | ₹12.64 Lakh | -₹8.55 Lakh | -₹38,000 | -₹2.08 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹12.58 Lakh | -₹28.36 Lakh | ₹1.35 Lakh | ₹7.83 Lakh | ₹12.64 Lakh | -₹8.55 Lakh | -₹38,000 | -₹2.08 Lakh |
| EBITDA (computed) | -₹12.52 Lakh | -₹28.34 Lakh | ₹1.37 Lakh | ₹7.85 Lakh | ₹12.66 Lakh | -₹8.55 Lakh | -₹38,000 | -₹2.08 Lakh |
| Basic EPS | ₹-0.25 | ₹-2.29 | ₹0.11 | ₹0.63 | ₹1.02 | ₹-0.69 | ₹-0.03 | ₹-0.17 |
| Diluted EPS | ₹-0.25 | ₹-2.29 | ₹0.11 | ₹0.63 | ₹1.02 | ₹-0.69 | ₹-0.03 | ₹-0.17 |
Shareholding Pattern of New Markets Avenue Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 13.82%, retail and other public shareholders hold 86.18% of New Markets Avenue Limited. The company had 56 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 13.82% | 55.06% | 55.06% | 55.06% | 72.80% | 72.80% |
| Public | 86.18% | 44.94% | 44.94% | 44.94% | 27.20% | 27.20% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 13.82% | 72.80% | 72.80% |
| Public | 86.18% | 27.20% | 27.20% |
| Promoter change (YoY, %pts) | -58.98 | +0.00 | - |
Charges & Borrowings New Markets Avenue Limited
New Markets Avenue Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at New Markets Avenue Limited
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Employee and EPFO history for New Markets Avenue Limited
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GST Compliance of New Markets Avenue Limited
GST registrations and filing compliance for New Markets Avenue Limited
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Credit Ratings, Litigation & Regulatory Alerts for New Markets Avenue Limited
Credit ratings, litigation, and regulatory alerts for New Markets Avenue Limited
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MSME Payment Delays by New Markets Avenue Limited
MSME payment history for New Markets Avenue Limited
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Subsidiaries & Group Companies of New Markets Avenue Limited
Corporate group structure for New Markets Avenue Limited
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MCA Filings & Documents of New Markets Avenue Limited
MCA filings and documents for New Markets Avenue Limited
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Recent Activity on New Markets Avenue Limited
Frequently Asked Questions about New Markets Avenue Limited
New Markets Avenue Limited is an active public limited company in the information technology sector based in Mumbai, Maharashtra, India. It was incorporated on 06 November 1982 (44+ years old) and is registered under CIN L74120MH1982PLC028648. Listed on BSE: 508867.
New Markets Avenue Limited reported revenue of ₹19.25 Lakh for FY 2026 (down 7.89% YoY) based on standalone BSE filings.
The current directors of New Markets Avenue Limited are:
- Kishore Kanhiyalal Jain - Whole-Time Director
- Sejal Dattaram Yerapale - Director
- Kavita Sandeep Pawar - Director
- Uday Anant Sawant - Director
The primary industry of New Markets Avenue Limited is information technology. The company specifically operates in IT consulting and support services. The company is currently active in this sector.
Yes. New Markets Avenue Limited is listed on BSE with code 508867.
New Markets Avenue Limited can be reached at the registered office: G2 & G3 Samarpan Complex Next To Mirador Hotel, Opp Satam Wadi Chakala Andheri East Mumbai – 400099, Maharashtra, India – 400099, or through the website newmarketsadvisory.com.