About Phillip Commodities India Private Limited
Data last updated:
Phillip Commodities India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 10 October 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH2003PTC142627. Its GSTIN is 27AACCR6675H1Z0 (Maharashtra). The company holds 8 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹9.9 Cr and a paid-up capital of ₹9.04 Cr. It was formerly known as Man Financial Commodities India Private Limited and Refco Commodities India Private Limited. It is led by directors Nikunj Dinesh Modi and Victor Fonseca.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 1 18th Floor Urmi Estate 95 Ganpatrao Kadam Marg Lower Parel (W), Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.51 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹5.55 Cr (net margin 35.8%) and EBITDA of ₹7.22 Cr (EBITDA margin 46.5%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 12% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
Court records list 21 cases involving the company, including 13 filed by the company and 8 filed against it; 3 cases are pending. The company has 4 deals on record (2 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹22.43 Cr; the latest was in September 2014.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website phillipcapital.in.
Company details
Name history
Phillip Commodities India has undergone 3 name changes throughout its history. The company was previously known as Man Financial Commodities India Private Limited, Refco Commodities India Private Limited, and Mf Global Commodities India Private Limited. The current legal name is Phillip Commodities India Private Limited.
| Company Name | Status |
|---|---|
| Phillip Commodities India Private Limited | Current |
| Man Financial Commodities India Private Limited | Previous |
| Refco Commodities India Private Limited | Previous |
| Mf Global Commodities India Private Limited | Previous |
Contact details
Phillip Commodities India Private Limited's registered office is in Mumbai, Maharashtra. Its website is phillipcapital.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 1 18th Floor Urmi Estate 95 Ganpatrao Kadam Marg Lower Parel (W), Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Phillip Commodities India Private 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 Phillip Commodities India is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Phillip Commodities India Private Limited, buy the company report.
Financials of Phillip Commodities India Private Limited
FY 2025 filings availablePhillip Commodities India Private Limited reported revenue of ₹15.51 Cr (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 3% growth in the latest year. EBITDA fell 3% 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 |
|---|---|---|---|---|---|
| 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 | ₹7.22 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.55 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 46.5% | ||||
| Net Profit Margin | 35.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Phillip Commodities India Private Limited, buy the company report.
Board of directors of Phillip Commodities India Private Limited
Phillip Commodities India has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikunj Dinesh Modi | Director | 11 Feb 2019 | 7 Years 8 Months | Current |
| Victor Fonseca | Director | 13 Jul 2021 | 5 Years 3 Months | Current |
Auditor
Phillip Commodities India Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Phillip Commodities India 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 Phillip Commodities India Private Limited, buy the company report.
Deals & funding
Phillip Commodities India Private Limited has 4 deals on record (2 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹22.43 Cr; the latest was in September 2014.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2014 | Secondary share transfer | Undisclosed | Seller: an individual |
| Sep 2012 | Acquisition | ₹56.93 Cr | Buyer: Phillipcapital (India) Private Limited Seller: Phillipcapital (India) Private Limited |
| Mar 2012 | Funding round | ₹22.43 Cr | Investors: Phillipcapital (India) Private Limited |
| Sep 2006 | Secondary share transfer | Undisclosed | Buyer: Phillipcapital (India) Private Limited Seller: Phillipcapital (India) Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Phillip Commodities India Private Limited has 21 court cases on record: 13 filed by Phillip Commodities India, 8 filed against it. 3 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 3 | 3 |
| High courts | 5 | 5 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed against the company by Responsive Industries Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (PMLA SPL CASE) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (MAHA P I D 1999) | Filed against the company | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by Ketan A Shah Markand Gandhi and Co | Disposed |
To see the full case history of Phillip Commodities India 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 Phillip Commodities India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Phillip Commodities India has 6 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Phillip Commodities India Private Limited has a workforce of 7 employees on its EPFO records as of Mar 26, 2024, across 1 active EPFO establishment.
GST
Phillip Commodities India has 8 GST registrations: 1 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCR6675H1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Phillip Commodities India Private Limited, buy the company report.
Recent activity
Phillip Commodities India Private Limited has 6 board changes on record since 2010: 2 appointments and 4 cessations. The latest: Sandeep Govindram Gupta ceased to be Director on 13 Jul 2021.
News
Frequently asked questions
Phillip Commodities India is an active private limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 10 October 2003 (23+ years old) and is registered under CIN U67120MH2003PTC142627.
Phillip Commodities India has 2 current directors:
- Nikunj Dinesh Modi - Director
- Victor Fonseca - Director
The latest financial statements of Phillip Commodities India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Phillip Commodities India is 27AACCR6675H1Z0, registered in Maharashtra. The company has 8 GST registrations in all, of which 1 is active and 7 are cancelled or inactive.
The CIN (Corporate Identification Number) of Phillip Commodities India is U67120MH2003PTC142627. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phillip Commodities India has 21 court cases on record: 13 filed by the company and 8 filed against it. 3 are pending. Most are in the district courts.
Phillip Commodities India was incorporated on 10 October 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Phillip Commodities India has 4 deals on record (2 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹22.43 Cr; the latest was in September 2014.
Sandeep Govindram Gupta ceased to be Director on 13 Jul 2021. Victor Fonseca was appointed as Director on 13 Jul 2021. Rajendra Manohar Bhambhani ceased to be Director on 12 Mar 2019. Phillip Commodities India has 6 board changes on record in total.
Phillip Commodities India can be reached through the website phillipcapital.in. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
