Nirmal Bang Equities Private Limited - Company Profile

It is a financial services private limited company based in Mumbai, Maharashtra, India, established in 1995.

1995 Mumbai, Maharashtra, India Active

Last Updated: January 11, 2026

About Nirmal Bang Equities Private Limited

Nirmal Bang Equities Private Limited, a active private limited company, was established on 16 March 1995 in Mumbai, Maharashtra, India. Engaging in brokerage & trading services within the financial and insurance service sector, it holds CIN: U67120MH1995PTC086575. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹38.00 Cr and a paid-up capital of ₹37.80 Cr.

Formerly known as Sovereign Securities Private Limited. It upholds a compliant status. Employing 23 professional, Its leadership includes Kishorkumar Luxminarayan Agrawal (Whole-Time Director), Bhadresh Arvindlal Desai (Director), Deepak Purshottamlal Agarwal (Director). Past directors included Rahul Anil Arora, Sameer Kamdar Pranlal, Bhadresh Arvindlal Desai. It holds ₹17.50 Cr open charges and no settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at B-2 301 3Rd Floor, Marathon Innova Off. Ganpatrao Kadam Marg, Lower Parel (, West), Mumbai, Maharashtra, 400013.

Company Details

CIN/LLPIN
U67120MH1995PTC086575
Registration Number
086575
Incorporation Date
16 March 1995
Authorized Capital
₹38.00 Cr
Paid-Up Capital
₹37.80 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 38.00 Cr as on 11-01-2026
Paid Up Capital ₹ 37.80 Cr as on 11-01-2026
Company Age 30 Year, 11 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 17.50 Cr as on 11-01-2026
Revenue Growth **** -43.21% (FY 2023)
Profit Growth **** -172.03% (FY 2023)
Ebitda **** -150.87% (FY 2023)
Net Worth -157.13% (FY 2023)
Total Assets -2.80% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Nirmal Bang Equities Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Nirmal Bang Equities Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Kishorkumar Luxminarayan Agrawal	Whole-Time Director	04 Aug 2020	Current
Bhadresh Arvindlal Desai	Director	24 Mar 2014	Current
Deepak Purshottamlal Agarwal	Director	19 Jan 2009	Current
Hem Dilip Bang	Additional Director	29 Sep 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Whole-Time Director	04 Aug 2020	Past
Pramod Abcsdd	Director	24 Mar 2014	Past
Pramod Abcsdd	Additional Director	25 Sep 2014	Past
Pramod Abcsdd	Director	23 Jan 2009	Past
Pramod Abcsdd	Additional Director	30 Sep 2009	Past
Pramod Abcsdd	Key Managerial Personnel	-	Past

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Financial Performance of Nirmal Bang Equities.

Nirmal Bang Equities Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 43.21% decrease. The company also saw a substantial fall in profitability, with a 172.03% decrease in profit. The company's net worth observed a substantial decline by a decrease of 157.13%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-43.21%

*******

Revenue from Operations

*******

-42.88%

*******

Total Assets

*******

-2.80%

*******

Profit or Loss

*******

-172.03%

*******

Net Worth

*******

-157.13%

*******

EBITDA

*******

-150.87%

*******

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What is the Ownership and Shareholding Structure of Nirmal Bang Equities?

In 2023, Nirmal Bang Equities had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹175,000,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Axis Bank Limited : 17.50 Cr

Latest Charge Details

Date	Lender	Amount	Status
10 Mar 2021	Axis Bank Limited	₹17.50 Cr	Open

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How Many Employees Work at Nirmal Bang Equities?

Nirmal Bang Equities has a workforce of 23 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Nirmal Bang Equities, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Nirmal Bang Equities's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Nirmal Bang Equities

Recent Activity within the Organization

Annual General Meeting

Nirmal Bang Equities Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was recorded as a recent event.
30 Sep 2025
Director Appointment

Progress on Hem Dilip Bang was appointed as a Additional Director was appointed as a Additional Director on 29 Sep 2025 & has been associated with this company since 5 months 15 days . was documented.
29 Sep 2025
Balance Sheet

Nirmal Bang Equities Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was recorded as a recent event.
31 Mar 2025
Charges

Progress on A charge with Axis Bank Limited of Rs. 17.50 Cr registered on 10 Mar 2021 with Charge ID 100432051 was modified on 25 Jul 2023. was documented.
25 Jul 2023
Charges

A charge with Axis Bank Limited amounted to Rs. 17.50 Cr with Charge ID 100432051 was registered on 10 Mar 2021. was recorded as a recent event.
10 Mar 2021
Director Appointment

Progress on Kishorkumar Luxminarayan Agrawal was appointed as a Whole-time director was appointed as a Whole-time director on 04 Aug 2020 & has been associated with this company since 5 years 7 months . was documented.
04 Aug 2020

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