About Piramal Securities Limited
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Piramal Securities Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Piramal Enterprises Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the investment banking and advisory segment of the financial services sector. It was incorporated on 07 June 2018.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PLC310476. Its GSTIN is 27AAJCP9226B1ZE (Maharashtra).
The company had an authorised share capital of ₹70 Cr and a paid-up capital of ₹42 Cr. It was led by directors including Lalit Madan Ostwal (Managing Director) and Shitin Dayalji Desai.
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 was at 4th Floor Piramal Tower B Wing Peninsula Corporate Park G.K. Marg, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.15 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹84 Lakh (net margin 73%) and EBITDA of ₹1.11 Cr (EBITDA margin 96.5%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years and 23% over five years.
The company had about 3 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Piramal Group. The company has 4 deals on record (4 rights issues); the latest was in August 2019. Its 5 peer companies in the BFSI industry (Broking Services), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 3 smaller; the largest is Sukriti Trade Private Limited with revenue of ₹1.15 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2023, listing 11 overdue payments to 3 micro and small suppliers.
The last known website on record is piramal.com.
Company details
Contact details
Piramal Securities Limited's registered office is in Mumbai, Maharashtra. Its website is piramal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address4th Floor Piramal Tower B Wing Peninsula Corporate Park G.K. Marg, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Investment Banking & Advisory
To see the full contact details of Piramal Securities 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
Brands
Piramal Securities operates one associated brand: Piramal Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multinational conglomerate with diverse interests in Pharma, Financial Services and Real Estate | piramal.com |
Financials of Piramal Securities Limited
FY 2024 filings availablePiramal Securities Limited reported revenue of ₹1.15 Cr (up 29% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 29% growth in the latest year. EBITDA rose 183% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.11 Cr | ||||
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| Net Profit (PAT) | ₹84 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 96.5% | ||||
| Net Profit Margin | 73% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Piramal Securities Limited, buy the company report.
Board of directors of Piramal Securities Limited
Piramal Securities has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shitin Dayalji Desai | Director | 07 Jun 2018 | 8 Years 4 Months | As last reported |
| Bipin Singh | Director | 28 Aug 2023 | 3 Years 2 Months | As last reported |
| Lalit Madan Ostwal | Managing Director | 12 Apr 2021 | 5 Years 6 Months | As last reported |
Peer comparison
Piramal Securities Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Broking 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 |
|---|---|---|---|---|---|---|
| Sukriti Trade Private Limited | ₹1.15 Cr (FY 2025) | -72.0% | Mumbai, Maharashtra, India | |||
| Neelkanth Stock Brokers Private Limited | ₹1.15 Cr (FY 2025) | -35.0% | Delhi, India | |||
| Piramal Securities Limitedthis company | ₹1.15 Cr (FY 2024) | ₹84 Lakh | 73% | 29.0% | 3 | Mumbai, Maharashtra, India |
| Devang Consultancy Services Private Limited | ₹1.15 Cr (FY 2025) | -63.0% | Kolkata, West Bengal, India | |||
| Northward Value Invest Private Limited | ₹1.15 Cr (FY 2024) | 32.0% | Bhopal, Madhya Pradesh, India | |||
| VFC Securities Private Limited | ₹1.14 Cr (FY 2024) | 34.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Piramal Securities Limited, buy the company report.
Auditor
Piramal Securities Limited is audited by LODHA & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LODHA & COMPANY | FY 2023 | 301051E |
Shareholding
The shareholding of Piramal Securities 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 Piramal Securities Limited, buy the company report.
Deals & funding
Piramal Securities Limited has 4 deals on record (4 rights issues); the latest was in August 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Rights issue | ₹5 Cr | Investors: Piramal Enterprises Limited |
| May 2019 | Rights issue | ₹5 Cr | Investors: Piramal Enterprises Limited |
| Jan 2019 | Rights issue | ₹5 Cr | Investors: Piramal Enterprises Limited |
| Sep 2018 | Rights issue | ₹5 Cr | Investors: Piramal Enterprises 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 Piramal Securities 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
Piramal Securities Limited has 5 MSME Form 1 returns on record between 2019 and 2023, listing 11 overdue payments to 3 micro and small suppliers. 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Tristar Leasing Private Limited | |||
| Aayuv Technologies Private Limited |
To see the full MSME payment records of Piramal Securities Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Piramal Securities Limited has a workforce of 3 employees on its EPFO records as of Apr 08, 2025, across 1 active EPFO establishment.
GST
Piramal Securities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCP9226B1ZE | Maharashtra | Active | 03 Aug 2018 |
To see the full GST registrations and return filing status of Piramal Securities Limited, buy the company report.
Recent activity
Piramal Securities Limited has 9 board changes on record since 2018: 4 appointments and 5 cessations. The latest: Bipin Singh ceased to be Additional Director on 29 Sep 2023.
News
Frequently asked questions
Piramal Securities has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Piramal Securities was a public limited company based in Mumbai, Maharashtra, India. The company worked in investment banking and advisory, within the financial services industry. It was incorporated on 07 June 2018 and is registered under CIN U74999MH2018PLC310476. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Piramal Securities was incorporated on 07 June 2018. It is registered with the Registrar of Companies, Mumbai.
Piramal Securities had 3 directors:
- Lalit Madan Ostwal - Managing Director
- Shitin Dayalji Desai - Director
- Bipin Singh - Director
The CIN (Corporate Identification Number) of Piramal Securities is U74999MH2018PLC310476. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Piramal Securities is at 4th Floor Piramal Tower B Wing Peninsula Corporate Park G.K. Marg, Mumbai, Maharashtra, India – 400013.
Piramal Securities can be reached through the website piramal.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Piramal 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 FY 2019 are in the company report.
The GSTIN of Piramal Securities is 27AAJCP9226B1ZE, registered in Maharashtra.
Piramal Securities operated in the financial services industry, in the investment banking and advisory segment.
Piramal Securities has 4 deals on record (4 rights issues); the latest was in August 2019.
The peers of Piramal Securities by revenue are Sukriti Trade Private Limited, Neelkanth Stock Brokers Private Limited, Devang Consultancy Services Private Limited, Northward Value Invest Private Limited, VFC Securities Private Limited, all in the BFSI industry (Broking Services), with the same principal business activity (other financial activities).
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