India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,608 Harendra Shah & Family ₹1,200 Cr
Revenue · FY 2025
₹78.08 Cr
▼ 16% YoY
Net profit · FY 2025
₹13.08 Cr
Net margin 16.8%
EBITDA · FY 2025
₹24.71 Cr
EBITDA margin 31.6%
Authorised capital
₹90 Cr
Registered with MCA
Paid-up capital
₹88.37 Cr
Issued & subscribed
Open charges
₹541.28 Cr
Satisfied ₹175 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
33
Provident fund records
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.
Its director Harendra Shah and Family is #1,608 among India's richest people (2026).
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.
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.
Company details
CIN U67120GJ1993PTC116315
Registration Number 116315
Incorporation Date 06 December 1993
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 20 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
CIN history
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 |
Key People
Harendra Dolatrai Shah Managing Director Rajendra Dolatrai Shah Director Neha Purvag Shah Director Recognitions & Rankings of Nirpan Securities
Contact details
Nirpan Securities Private Limited's registered office is in Gandhinagar, Gujarat. Its website is nirpansecuritiespl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- 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
To see the full contact details of Nirpan Securities Private Limited, buy the company report.
Comprehensive company report
Nirpan Securities Private Limited - one report that includes everything
- 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
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Brands
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | |
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Nirpan Securities Private Limited, buy the company report.
Financials of Nirpan Securities Private Limited
FY 2024 filings availableNirpan Securities Private Limited reported revenue of ₹78.08 Cr (down 16% YoY) for FY 2025.
Revenue · FY 2025
₹78.08 Cr ▼ 16%
Net profit · FY 2025
₹13.08 Cr margin 16.8%
EBITDA · FY 2025
₹24.71 Cr margin 31.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 16%
3 years · compounded
▼ 13%
5 years · compounded
▼ 12%
EBITDA CAGR growth
1 year
▼ 27%
3 years · compounded
▼ 25%
5 years · compounded
▼ 20%
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹24.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.08 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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To see the full financial statements and ratios of Nirpan Securities Private Limited, buy the company report.
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.
Current Directors
| 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 |
Auditor
Nirpan Securities Private Limited is audited by Vijay Mehta & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vijay Mehta & Co | FY 2023 | 111418W |
Shareholding
The shareholding of Nirpan Securities Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nirpan Securities Private Limited, buy the company report.
Charges & borrowings
Open charges
₹541.28 Cr
Satisfied charges
₹175 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Mar 2024 | 100918813 | Hdfc Bank Limited | ₹1.28 Cr | Open | |
| 16 Feb 2024 | 100871708 | Others | ₹5 Cr | Open | |
| 07 Jan 2023 | 100667582 | Others | ₹250 Cr | Open | |
| 29 Aug 2022 | 100611171 | Others | ₹95 Cr | Open | |
| 04 Oct 2021 | 100490005 | Axis Bank Limited | ₹75 Cr | Open |
To see the full charge records of Nirpan Securities Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
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.
Total deals
3
Secondary share transfers
2
Funding round
1
Disclosed funding
₹80.5 Cr
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nirpan Securities Private Limited has 2 court cases on record: 2 filed by Nirpan Securities. All cases are pending.
Total cases
2
Filed by the company
2
Pending
2
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 |
To see the full case history of Nirpan 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nirpan Securities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nirpan Securities Private Limited has a workforce of 33 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
33
Active EPFO establishments
1
Employee growth
230%
GST
Nirpan Securities has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACN1329A1Z9 | Gujarat | Active | 21 Oct 2022 |
| 27AAACN1329A1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nirpan Securities Private Limited, buy the company report.
Recent activity
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.
AGM
Nirpan Securities Private Limited last Annual general meeting of members was held on 20 Sep 2025 as per latest MCA records.
Filing
Nirpan Securities Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.28 Cr with Charge ID 100918813 was registered on 07 Mar 2024.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100871708 was registered on 16 Feb 2024.
Ceased
Neha Purvag Shah ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 250.00 Cr with Charge ID 100667582 was registered on 07 Jan 2023.
Charges
A charge registered on 25 Jul 2018 via Charge ID 100194568 with Others was fully satisfied on 13 Oct 2022.
Appointed
Neha Purvag Shah was appointed as Director.
Charges
A charge registered on 12 Oct 2021 via Charge ID 100493042 with Others was fully satisfied on 26 Sep 2022.
Charges
A charge with Others amounted to Rs. 95.00 Cr with Charge ID 100611171 was registered on 29 Aug 2022.
Charges
A charge with Others amounted to Rs. 150.00 Cr with Charge ID 100493042 was registered on 12 Oct 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 75.00 Cr with Charge ID 100490005 was registered on 04 Oct 2021.
15 earlier events are in the company report.
Frequently asked questions
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 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
The latest financial statements of Nirpan Securities on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 20 September 2025. Year-wise statements from 2015 are in the company report.
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.
Neha Purvag Shah ceased to be Additional Director on 29 Sep 2023. Neha Purvag Shah was appointed as Director on 29 Sep 2022. Pooja Vaibhav Shah ceased to be Additional Director on 28 Sep 2019. Nirpan Securities has 10 board changes on record in total.
Nirpan Securities can be reached through the website nirpansecuritiespl.com. Its registered office is in Gandhinagar, Gujarat, India.