About Pipal Securities Private Limited
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Pipal Securities Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 15 January 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2010PTC198959. Its GSTIN is 27AAFCP2914A2ZU (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹12.38 Lakh. It is led by directors Chitra Pankaj Murarka and Pankaj Harigovind Murarka.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Office No. 102 1st Floor Mittal Commercial Andheri Kurla Road Marol Andheri (East, ) Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2025, the company reported a revenue of ₹67.69 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹10.75 Cr (net margin 15.9%) and EBITDA of ₹15.81 Cr (EBITDA margin 23.4%). Revenue has grown at a compounded annual rate (CAGR) of 65% over three years and 56% over five years.
Its group structure includes 3 subsidiaries.
As per MCA filings, the company has satisfied charges of ₹5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pipalsecurities.in.
Company details
Contact details
Pipal Securities Private Limited's registered office is in Mumbai, Maharashtra. Its website is pipalsecurities.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No. 102 1st Floor Mittal Commercial Andheri Kurla Road Marol Andheri (East, ) Mumbai, Maharashtra, India – 400059
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Pipal Securities 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 Pipal Securities 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 Pipal Securities Private Limited, buy the company report.
Financials of Pipal Securities Private Limited
FY 2024 filings availablePipal Securities Private Limited reported revenue of ₹67.69 Cr (up 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 56% over five years, including 22% growth in the latest year. EBITDA fell 21% 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 | ₹15.81 Cr | ||||
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| Net Profit (PAT) | ₹10.75 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 | 23.4% | ||||
| Net Profit Margin | 15.9% | ||||
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To see the full financial statements and ratios of Pipal Securities Private Limited, buy the company report.
Board of directors of Pipal Securities Private Limited
Pipal Securities has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chitra Pankaj Murarka | Director | 30 Jun 2018 | 8 Years 3 Months | Current |
| Pankaj Harigovind Murarka Also directs: Alpha Renaissance LLP, Renaissance Investment Managers (Gift) Ifsc LLP, Candor Textiles Private Limited and 5 more | Director | 12 Dec 2017 | 8 Years 10 Months | Current |
Auditor
Pipal Securities Private Limited is audited by SIGMAC & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SIGMAC & CO | FY 2023 | 116351W |
Shareholding
The shareholding of Pipal 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 Pipal Securities Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Apr 2021 | 100454088 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Pipal Securities Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Pipal Securities Private 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
No delayed payments to MSME suppliers are on our record for Pipal Securities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Pipal Securities has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Renaissance Smart Tech Private Limited | U67200MH2020PTC338091 | |
| Renaissance Techplatform Private Limited | U72900MH2021PTC372136 | |
| Renaissance Investment Managers Private Limited | U74999MH2016PTC288504 |
To see the full group structure of Pipal Securities Private Limited, buy the company report.
GST
Pipal Securities has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP2914A2ZU | Maharashtra | Active | 26 Sep 2022 |
To see the full GST registrations and return filing status of Pipal Securities Private Limited, buy the company report.
Recent activity
Pipal Securities Private Limited has 8 board changes on record since 2013: 2 appointments and 6 cessations. The latest: Sridharan Avr Veeraraghavan ceased to be Director on 21 Jun 2021.
1 earlier event is in the company report.
Frequently asked questions
Pipal Securities is an active private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 15 January 2010 (16+ years old) and is registered under CIN U67190MH2010PTC198959.
Pipal Securities has 2 current directors:
- Chitra Pankaj Murarka - Director
- Pankaj Harigovind Murarka - Director
The latest financial statements of Pipal Securities on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Pipal Securities is 27AAFCP2914A2ZU, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Pipal Securities is U67190MH2010PTC198959. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pipal Securities was incorporated on 15 January 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Sridharan Avr Veeraraghavan ceased to be Director on 21 Jun 2021. Chitra Pankaj Murarka ceased to be Additional Director on 28 Sep 2018. Pankaj Harigovind Murarka ceased to be Additional Director on 28 Sep 2018. Pipal Securities has 8 board changes on record in total.
Pipal Securities can be reached through the website pipalsecurities.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Pipal Securities is at Office No. 102 1st Floor Mittal Commercial Andheri Kurla Road Marol Andheri East, Mumbai, Maharashtra, India – 400059.
Pipal Securities operates in the business outsourcing industry, in the business and IT consulting segment.