About Nuvama Custodial Services Limited
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Nuvama Custodial Services Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Edelweiss Financial Services Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 12 February 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2021PLC355152. Its GSTIN is 27AAGCE3258H1ZK (Maharashtra).
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹55 Cr. It was formerly known as Edelweiss Capital Services Limited. It is led by directors including Krishnan Unnikrishnan Nair (Whole-Time Director) and Mayuresh Anil Karnik (Whole-Time Director).
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 ₹179.9 Cr, a growth of 120% compared to the previous year. For the same year it recorded a net profit of ₹21.94 Cr (net margin 12.2%) and EBITDA of ₹31.44 Cr (EBITDA margin 17.5%). Revenue has grown at a compounded annual rate (CAGR) of 115% over three years.
The company has about 70 employees on its provident fund (EPFO) records.
The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2021. The company has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nuvama.com.
Company details
Contact details
Nuvama Custodial Services Limited's registered office is in Mumbai, Maharashtra. Its website is nuvama.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address801 To 804 Wing A Building No 3, Inspire BKC G BKC, Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Nuvama Custodial Services Limited, buy the company report.
- 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
Business activity
The main business activity of Nuvama Custodial Services is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Nuvama Custodial Services Limited, buy the company report.
Financials of Nuvama Custodial Services Limited
FY 2025 filings availableNuvama Custodial Services Limited reported revenue of ₹179.9 Cr (up 120% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 115% over three years, including 120% growth in the latest year. EBITDA rose 216% 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 | ₹31.44 Cr | ||||
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| Net Profit (PAT) | ₹21.94 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 17.5% | ||||
| Net Profit Margin | 12.2% | ||||
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To see the full financial statements and ratios of Nuvama Custodial Services Limited, buy the company report.
Board of directors and KMP of Nuvama Custodial Services Limited
Nuvama Custodial Services Limited currently reports 8 directors and 1 key managerial person. 19 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sankarson Banerjee Also directs: Brave for Free Consulting (OPC) Private Limited, Veritas Finance Limited, Zerodha Trustee Private Limited and 2 more | Director | 06 Jun 2024 | 2 Years 4 Months | Current |
| Ananya Suneja Also directs: Mandala Organics Private Limited, Edel Finance Company Limited, Eaaa India Alternatives Limited and 1 more | Director | 30 Mar 2022 | 4 Years 7 Months | Current |
| Swadesh Agrawal Also directs: Ecap Equities Limited, Edelweiss Investment Adviser Limited | Director | 16 Dec 2023 | 2 Years 10 Months | Current |
| Shiv Sehgal | Director | 20 Jan 2022 | 4 Years 9 Months | Current |
| Sameer Ambarish Kaji Also directs: Sutlej Textiles and Industries Limited, Nuvama Wealth Management Limited, Nuvama Wealth and Investment Limited and 5 more | Director | 28 Feb 2024 | 2 Years 8 Months | Current |
| Ramesh Abhishek Also directs: Nuvama Wealth Finance Limited, Ravindra Energy Limited, Indus Towers Limited and 2 more | Nominee Director | 15 Feb 2021 | 5 Years 8 Months | Current |
Auditor
Nuvama Custodial Services Limited is audited by NGS & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NGS & Co. LLP | FY 2023 | 119850W |
Shareholding
The shareholding of Nuvama Custodial Services Limited is on record for 4 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Nuvama Custodial Services Limited, buy the company report.
Deals & funding
Nuvama Custodial Services Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2021.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Edelweiss Financial Services Limited Seller: Nuvama Wealth Management Limited |
| Feb 2021 | Rights issue | ₹54.99 Cr | Investors: Nuvama Wealth Management Limited , Edelweiss Financial Services Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Nuvama Custodial Services Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Nuvama Custodial Services Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Unisky Technologies Private Limited |
To see the full MSME payment records of Nuvama Custodial Services Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nuvama Custodial Services Limited has a workforce of 70 employees on its EPFO records as of Mar 20, 2024, across 1 active EPFO establishment.
GST
Nuvama Custodial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCE3258H1ZK | Maharashtra | Active | 22 Feb 2021 |
To see the full GST registrations and return filing status of Nuvama Custodial Services Limited, buy the company report.
Recent activity
Nuvama Custodial Services Limited has 27 board changes on record since 2021: 9 appointments and 18 cessations. The latest: Mayuresh Anil Karnik ceased to be Additional Director on 18 Sep 2025.
18 earlier events are in the company report.
News
Frequently asked questions
Nuvama Custodial Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 12 February 2021 (5+ years old) and is registered under CIN U67190MH2021PLC355152.
Nuvama Custodial Services has 9 current directors and KMP:
- Krishnan Unnikrishnan Nair - Whole-Time Director
- Mayuresh Anil Karnik - Whole-Time Director
- Sankarson Banerjee - Director
- Ananya Suneja - Director
- Swadesh Agrawal - Director
- Shiv Sehgal - Director
- Sameer Ambarish Kaji - Director
- Ramesh Abhishek - Nominee Director
- Anand Lalla - Ceo
The latest financial statements of Nuvama Custodial Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Nuvama Custodial Services is 27AAGCE3258H1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Nuvama Custodial Services is U67190MH2021PLC355152. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nuvama Custodial Services was incorporated on 12 February 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
Nuvama Custodial Services has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2021.
Mayuresh Anil Karnik ceased to be Additional Director on 18 Sep 2025. Mayuresh Anil Karnik was appointed as Whole-Time Director on 25 Aug 2025. Krishnan Unnikrishnan Nair ceased to be Additional Director on 29 Aug 2024. Nuvama Custodial Services has 27 board changes on record in total.
Nuvama Custodial Services has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 29 Aug 2023.
Nuvama Custodial Services can be reached through the website nuvama.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Nuvama Custodial Services is at 801 To 804 Wing A Building No 3, Inspire BKC G BKC, Mumbai, Maharashtra, India – 400051.
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