About Nirpan Securities Private Limited
Data last updated:
Nirpan Securities Private Limited is a private limited company based in Gandhinagar, Gujarat, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 06 December 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ1993PTC116315. Its GSTIN is 24AAACN1329A1Z9 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹90 Cr and a paid-up capital of ₹88.37 Cr. It is led by directors including Harendra Dolatrai Shah (Managing Director) and Rajendra Dolatrai Shah.
Its last annual general meeting (AGM) was held on 20 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1401 – 1402 Dalal Street Commercial Co – Op Soc Ltd Block 53 (Bldg No.53E) Zone – 5 Road – 5E Gift City Gandhinagar, Gujarat, India – 382050.
As per the financials filed for FY 2025, the company reported a revenue of ₹78.08 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹13.08 Cr (net margin 16.8%) and EBITDA of ₹24.71 Cr (EBITDA margin 31.6%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 12% over five years.
The company has about 33 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nirpan Securities. As per MCA filings, the company has open charges of ₹541.28 Cr and satisfied charges of ₹175 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹80.5 Cr; the latest was in March 2015. Its 10 peer companies in the BFSI industry (Broking Services) are compared by revenue, 5 larger and 5 smaller; the largest is BP Equities Private Limited with revenue of ₹79.14 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 nirpansecuritiespl.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address1401 – 1402 Dalal Street Commercial Co – Op Soc Ltd Block 53 (Bldg No.53E) Zone – 5 Road – 5E Gift City Gandhinagar, Gujarat, India – 382050
- IndustryFinancial Services, Brokerage & Trading 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 Nirpan Securities Private Limited
The main business activity of Nirpan Securities is financial and insurance service. In detail, this covers other financial activities and financial advisory, brokerage and consultancy services. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | 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 Nirpan Securities Private Limited FY 2024 filings available
Nirpan Securities Private Limited reported revenue of ₹78.08 Cr (down 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Nirpan Securities Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 16% fall in the latest year. EBITDA fell 27% 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 Nirpan Securities 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 | ₹24.71 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.08 Cr | •••• | •••• | •••• | •••• |
| 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 Nirpan Securities Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 31.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 16.8% | •••• | •••• | •••• | •••• |
| 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 Nirpan Securities 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 Nirpan Securities Private Limited
Nirpan Securities Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Broking Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| BP Equities Private Limited | ₹79.14 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Mumbai, Maharashtra, India |
| Profitmart Securities Private Limited | ₹78.58 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Thane, Maharashtra, India |
| Comercinate Enterprises Private Limited | ₹78.49 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Mumbai, Maharashtra, India |
| Ans Private Limited | ₹78.4 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Gandhinagar, Gujarat, India |
| Rikroll India Private Limited | ₹78.39 Cr (FY 2024) | •••• | •••• | 2624.0% | •••• | New Delhi, Delhi, India |
| Nirpan Securities Private Limited this company | ₹78.08 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Gandhinagar, Gujarat, India |
| R.K. Global Shares and Securities Limited | ₹77.88 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| Ay Securities & Commodities Limited | ₹77.83 Cr (FY 2025) | •••• | •••• | -44.0% | •••• | New Delhi, Delhi, India |
| O3 Developers Private Limited | ₹77.58 Cr (FY 2021) | •••• | •••• | -48.0% | •••• | Ahmedabad, Gujarat, India |
| Aryaman Capital Markets Limited Listed | ₹77.34 Cr (FY 2025) | •••• | •••• | 125.0% | •••• | Mumbai, Maharashtra, India |
| Cosmos Prime Projects Limited | ₹77.32 Cr (FY 2024) | •••• | •••• | 474.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Nirpan Securities by revenue in the BFSI industry (Broking Services), 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 Nirpan Securities Private Limited
Nirpan Securities Private Limited is audited by Vijay Mehta & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Vijay Mehta & Co | 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 Nirpan Securities Private Limited
Nirpan Securities has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Dolatrai Shah Also directs: Polytrend Impex Private Limited, L. C. Raheja Forex Private Limited, Dolat Capital Market Pvt Limited and 2 more | Director | 06 Dec 1993 | 32 Years 10 Months | Current |
| Neha Purvag Shah Also directs: Churchgate Investments and Trading Co Pvt Ltd | Director | 29 Sep 2022 | 4 Years 0 Months | Current |
| Rajul Shailesh Shah | Director | 06 Dec 1993 | 32 Years 10 Months | Current |
| Harendra Dolatrai Shah Also directs: Polytrend Impex Private Limited, L. C. Raheja Forex Private Limited, Dolat Capital Market Pvt Limited and 5 more | Managing Director | 06 Dec 1993 | 32 Years 10 Months | Current |
| Pooja Vaibhav Shah Also directs: Classic Software LLP | Director | 12 Oct 2018 | 8 Years 0 Months | Current |
Ownership and Shareholding of Nirpan Securities 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 Nirpan Securities Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Mar 2024 | Hdfc Bank Limited | ₹1.28 Cr | Open |
| 16 Feb 2024 | Others | ₹5 Cr | Open |
| 07 Jan 2023 | Others | ₹250 Cr | Open |
| 29 Aug 2022 | Others | ₹95 Cr | Open |
| 04 Oct 2021 | Axis Bank Limited | ₹75 Cr | Open |
Total charge records: 10 View all charges
Deals & Funding of Nirpan Securities Private Limited
Nirpan Securities Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹80.5 Cr; the latest was in March 2015.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2014 | Funding round | ₹80.5 Cr | Investors: Dolat Capital Market Pvt Limited , L. C. Raheja Forex Private Limited , 2 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Citadelle Agencies Private Limited Seller: Netra Impex Private Limited , Shailraj Trading Private Limited , Optima Properties Private Limited |
Full deal history
All 3 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.
Legal Cases of Nirpan Securities Private Limited
Nirpan Securities Private Limited has 2 court cases on record: 2 filed by Nirpan Securities. All cases are pending. Status as checked between 02 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against an individual | Pending |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Nirpan Securities Private Limited
Nirpan Securities operates one associated brand: Nirpan Securities. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Quantitative trading and securities services in finance sectors. | nirpan.in |
Employees and EPFO Compliance at Nirpan Securities Private Limited
Nirpan Securities Private Limited has a workforce of 33 employees as of Apr 07, 2024.
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.
CIN History of Nirpan Securities Private Limited
Nirpan Securities has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U67120GJ1993PTC116315, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120GJ1993PTC116315 | Current |
| U67120DD1993PTC004732 | Previous |
| U67120MH1993PTC075470 | Previous |
Recent Activity on Nirpan Securities Private Limited
Nirpan Securities Private Limited has 10 board changes on record since 1993: 5 appointments and 5 cessations. The latest: Neha Purvag Shah ceased to be Additional Director on 29 Sep 2023.
15 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Nirpan Securities 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 Nirpan Securities 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 Nirpan Securities 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 Nirpan Securities Private Limited
Nirpan Securities has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACN1329A1Z9 | Gujarat | Active | 21 Oct 2022 |
| 27AAACN1329A1Z3 | Maharashtra | Active | 01 Jul 2017 |
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 Nirpan Securities 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 Nirpan Securities Private Limited
Nirpan Securities is an active private limited company based in Gandhinagar, Gujarat, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 06 December 1993 (33+ years old) and is registered under CIN U67120GJ1993PTC116315.
Nirpan Securities reported revenue of ₹78.08 Cr for FY 2025 (down 16% YoY).
Nirpan Securities has 5 current directors:
- Harendra Dolatrai Shah - Managing Director
- Rajendra Dolatrai Shah - Director
- Neha Purvag Shah - Director
- Rajul Shailesh Shah - Director
- Pooja Vaibhav Shah - Director
Nirpan Securities reported a net profit of ₹13.08 Cr (net margin 16.8%) and EBITDA of ₹24.71 Cr (EBITDA margin 31.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nirpan Securities is -13% over three years and -12% over five years. In the latest year (FY 2025) revenue fell 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Nirpan Securities is 24AAACN1329A1Z9, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAACN1329A1Z3 (Maharashtra).
The CIN (Corporate Identification Number) of Nirpan Securities is U67120GJ1993PTC116315. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirpan Securities has 2 court cases on record: 2 filed by the company. 2 are pending.
Nirpan Securities was incorporated on 06 December 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Nirpan Securities has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹80.5 Cr; the latest was in March 2015.
The peers of Nirpan Securities by revenue are BP Equities Private Limited, Profitmart Securities Private Limited, Comercinate Enterprises Private Limited, Ans Private Limited, Rikroll India Private Limited and 5 more, all in the BFSI industry (Broking Services).