About Promore Advisors Private Limited
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Promore Advisors Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the insurance and pension services segment of the insurance sector. It was incorporated on 26 July 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67200GJ2021PTC124391.
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Ketan Acharya and Vinit Praveen Jain.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹85,000, a decline of 79% compared to the previous year. For the same year it recorded a net profit of ₹22,520 (net margin 26.5%) and EBITDA of ₹30,090 (EBITDA margin 35.4%).
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website promoreadvisors.com.
Company details
Contact details
Promore Advisors Private Limited's registered office is in Ahmedabad, Gujarat.
- Social Media
- Registered Address508 City Centre – 2 Beside Heer Party Plot, Nr Shukan Mall Cross Road Science City Road, Ahmedabad, Gujarat, India – 380060
- IndustryInsurance, Insurance & Pension Services
- 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 Promore Advisors is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Promore Advisors Private Limited, buy the company report.
Financials of Promore Advisors Private Limited
FY 2025 filings availablePromore Advisors Private Limited reported revenue of ₹85,000 (down 79% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 79% in the latest year. EBITDA fell 41% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹30,090 | ||
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| Net Profit (PAT) | ₹22,520 | ||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profitability | |||
| EBITDA Margin | 35.4% | ||
| Net Profit Margin | 26.5% | ||
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To see the full financial statements and ratios of Promore Advisors Private Limited, buy the company report.
Board of directors of Promore Advisors Private Limited
Promore Advisors 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 |
|---|---|---|---|---|
| Ketan Acharya Also directs: Promore Investment Managers LLP, Promore One LLP, Promore Ventures Private Limited and 4 more | Director | 15 Jul 2025 | 1 Years 3 Months | Current |
| Vinit Praveen Jain Also directs: Promore Investment Managers LLP, Promore One LLP, Promore Broking Private Limited and 1 more | Director | 15 Jul 2025 | 1 Years 3 Months | Current |
Legal cases
No court or tribunal cases involving Promore Advisors 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 Promore Advisors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Promore Advisors Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Promore Advisors Private Limited has 8 board changes on record since 2022: 2 appointments and 6 cessations. The latest: Manishkumar Jaydevlal Brahmbhatt ceased to be Additional Director on 18 Aug 2025.
Frequently asked questions
Promore Advisors is an active private limited company based in Ahmedabad, Gujarat, India. The company works in insurance and pension services, within the insurance industry. It was incorporated on 26 July 2021 (5+ years old) and is registered under CIN U67200GJ2021PTC124391.
Promore Advisors has 2 current directors:
- Ketan Acharya - Director
- Vinit Praveen Jain - Director
The latest financial statements of Promore Advisors 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 FY 2022 are in the company report.
The CIN (Corporate Identification Number) of Promore Advisors is U67200GJ2021PTC124391. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Promore Advisors was incorporated on 26 July 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Manishkumar Jaydevlal Brahmbhatt ceased to be Additional Director on 18 Aug 2025. Pankaj Jaydevbhai Barot ceased to be Additional Director on 18 Aug 2025. Ketan Acharya was appointed as Director on 15 Jul 2025. Promore Advisors has 8 board changes on record in total.
Promore Advisors can be reached through the website promoreadvisors.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Promore Advisors is at 508 City Centre – 2 Beside Heer Party Plot, Nr Shukan Mall Cross Road Science City Road, Ahmedabad, Gujarat, India – 380060.
Promore Advisors operates in the insurance industry, in the insurance and pension services segment.
The compliance status of Promore Advisors is compliant as of 15 July 2026. The company is actively filing with the Registrar of Companies.
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