About Phillip (India) Private Limited
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Phillip (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Phillip (Mauritius) Private Limited. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 02 December 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67110MH2005PTC157770. Its GSTIN is 27AAECM4736E1ZJ (Maharashtra).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.23 Cr. It was formerly known as Mf Global (India) Private Limited and Man Financial(India) Private Limited. It is led by directors Vineet Bhatnagar (Managing Director) and Rajendra Manohar Bhambhani.
Its last annual general meeting (AGM) was held on 08 August 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 ₹2.86 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net profit of ₹49.87 Lakh (net margin 17.5%) and EBITDA of ₹1.35 Cr (EBITDA margin 47.4%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 10% over five years.
As per MCA filings, the company has open charges of ₹20 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
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 (India) has undergone 2 name changes throughout its history. The company was previously known as Mf Global (India) Private Limited, and Man Financial(India) Private Limited. The current legal name is Phillip (India) Private Limited.
| Company Name | Status |
|---|---|
| Phillip (India) Private Limited | Current |
| Mf Global (India) Private Limited | Previous |
| Man Financial(India) Private Limited | Previous |
Contact details
Phillip (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, Diversified Financial Services
To see the full contact details of Phillip (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 (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 (India) Private Limited, buy the company report.
Financials of Phillip (India) Private Limited
FY 2025 filings availablePhillip (India) Private Limited reported revenue of ₹2.86 Cr (up 40% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 40% growth in the latest year. EBITDA rose 97% 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 | ₹1.35 Cr | ||||
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| Net Profit (PAT) | ₹49.87 Lakh | ||||
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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 | 47.4% | ||||
| Net Profit Margin | 17.5% | ||||
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To see the full financial statements and ratios of Phillip (India) Private Limited, buy the company report.
Board of directors of Phillip (India) Private Limited
Phillip (India) has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Manohar Bhambhani | Director | 02 Dec 2005 | 20 Years 10 Months | Current |
| Vineet Bhatnagar Also directs: Pravya Studios LLP, Council for Fair Business Practices, Phillip Centralised Services India Private Limited and 1 more | Managing Director | 02 Dec 2005 | 20 Years 10 Months | Current |
Peer comparison
Phillip (India) Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jury Investment Mall Private Limited | ₹2.86 Cr (FY 2025) | 37.0% | Valsad, Gujarat, India | |||
| Patamin Investments Private Limited | ₹2.86 Cr (FY 2025) | 56.0% | Indore, Madhya Pradesh, India | |||
| Phillip (India) Private Limitedthis company | ₹2.86 Cr (FY 2025) | ₹49.87 Lakh | 17.5% | 40.0% | Mumbai, Maharashtra, India | |
| Annant Forex Private Limited | ₹2.84 Cr (FY 2024) | 34.0% | Jamnagar, Gujarat, India |
To see the full peer comparison of Phillip (India) Private Limited, buy the company report.
Auditor
Phillip (India) Private Limited is audited by S A R A & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S A R A & ASSOCIATES | FY 2023 | 120927W |
Shareholding
The shareholding of Phillip (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Phillip (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Feb 2024 | 100878318 | Others | ₹20 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Phillip (India) Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Tax appeal | Filed against the company by PR. Commissioner of Income Tax 8, Mumbai | Pending |
To see the full case history of Phillip (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 (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Phillip (India) has 6 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Phillip (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM4736E1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Phillip (India) Private Limited, buy the company report.
Recent activity
Phillip (India) Private Limited has 6 board changes on record since 2005: 2 appointments and 4 cessations. The latest: Suresh Narsappa Talwar ceased to be Director on 31 Mar 2015.
News
Frequently asked questions
Phillip (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 02 December 2005 (21+ years old) and is registered under CIN U67110MH2005PTC157770.
Phillip (India) has 2 current directors:
- Vineet Bhatnagar - Managing Director
- Rajendra Manohar Bhambhani - Director
The latest financial statements of Phillip (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Phillip (India) is 27AAECM4736E1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Phillip (India) is U67110MH2005PTC157770. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phillip (India) has 1 court case on record: 1 filed against it. 1 is pending.
Phillip (India) was incorporated on 02 December 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Phillip (India) by revenue are Jury Investment Mall Private Limited, Patamin Investments Private Limited, Annant Forex Private Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Suresh Narsappa Talwar ceased to be Director on 31 Mar 2015. Karel Frederick Harbour ceased to be Director on 18 Oct 2010. Laurence Richard O Connell ceased to be Director on 25 May 2010. Phillip (India) has 6 board changes on record in total.
Phillip (India) can be reached through the website phillipcapital.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Phillip (India) is at No. 1 18th Floor Urmi Estate 95 Ganpatrao Kadam Marg Lower Parel W, Mumbai, Maharashtra, India – 400013.