About Prudent Broking Services Private Limited
Data last updated:
Prudent Broking Services Private Limited was a private limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Prudent Corporate Advisory Services 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 brokerage and trading services segment of the financial services sector. It was incorporated on 14 July 1995.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ1995PTC026716. The company has 8 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.09 Cr. It was led by directors including Ankush Choudhary and Hetal Rameshbhai Patel.
Its last annual general meeting (AGM) was held on 19 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 401 Sears Tower Off Cg Road Gulbai Tekra Ambawadi, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2023, the company reported a revenue of ₹34.9 Lakh, a decline of 34% compared to the previous year. For the same year it recorded a net profit of ₹5.47 Cr and EBITDA of ₹10.76 Lakh (EBITDA margin 30.8%). Revenue has declined at a compounded annual rate (CAGR) of 74% over three years and 57% over five years.
The company had about 34 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: Prudent Broking Services and Prudent. As per MCA filings, the company had satisfied charges of ₹15.19 Cr on record. Court records list 89 cases involving the company, including 77 filed by the company and 12 filed against it; 10 cases are pending.
The last known website on record is prudentbroking.com.
Company details
Contact details
Prudent Broking Services Private Limited's registered office is in Ahmedabad, Gujarat. Its website is prudentbroking.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address401 Sears Tower Off Cg Road Gulbai Tekra Ambawadi, Ahmedabad, Gujarat, India – 380006
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Prudent Broking Services 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
Brands
Prudent Broking Services operates two associated brands: Prudent Broking Services and Prudent. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of financial products and investment services | prudentcorporate.com | |
| Stock broking, research, and depository services in India. | prudentbroking.com |
Business activity
The main business activity of Prudent Broking Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Prudent Broking Services Private Limited, buy the company report.
Financials of Prudent Broking Services Private Limited
FY 2023 filings availablePrudent Broking Services Private Limited reported revenue of ₹34.9 Lakh (down 34% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over five years, including a 34% fall in the latest year. EBITDA fell 42% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹34.9 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹10.76 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.47 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 30.8% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Prudent Broking Services Private Limited, buy the company report.
Board of directors of Prudent Broking Services Private Limited
Prudent Broking Services has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankush Choudhary | Director | 02 Feb 2022 | 4 Years 9 Months | As last reported |
| Hetal Rameshbhai Patel | Director | 13 Nov 2019 | 6 Years 11 Months | As last reported |
| Sanjay Rameshchandra Shah | Director | 10 Oct 2018 | 8 Years 0 Months | As last reported |
Auditor
Prudent Broking Services Private Limited is audited by Deloitte Haskins & sells for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & sells | FY 2023 | 117365W |
Shareholding
The shareholding of Prudent Broking Services 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 Prudent Broking Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jul 2019 | 100281499 | Others | ₹15 Cr | Satisfied | |
| 24 May 2016 | 100196748 | Hdfc Bank Limited | ₹12.5 Lakh | Satisfied | |
| 01 Jul 2015 | 100196745 | Hdfc Bank Limited | ₹6 Lakh | Satisfied |
To see the full charge records of Prudent Broking Services Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Prudent Broking Services Private Limited has 89 court cases on record: 77 filed by Prudent Broking Services, 12 filed against it. 10 cases are pending and 79 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 50 | 8 | 10 |
| High courts | 39 | 4 | 0 |
Cases on record (5 of 89)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Bhupendra K.Shah HUF | Pending |
| District court, Ahmedabad, Gujarat | Court case (CR A) | Filed by the company against an individual | Disposed |
To see the full case history of Prudent Broking Services 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
Prudent Broking Services Private Limited has 2 MSME Form 1 returns on record between 2020 and 2021, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Xsis Alert Systems Private Limited | |||
| 63 Moons Technologies Limited |
To see the full MSME payment records of Prudent Broking Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Prudent Broking Services Private Limited has a workforce of 34 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Prudent Broking Services has 8 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Prudent Broking Services Private Limited, buy the company report.
Recent activity
Prudent Broking Services Private Limited has 9 board changes on record since 2018: 3 appointments and 6 cessations. The latest: Ankush Choudhary ceased to be Additional Director on 10 Aug 2022.
6 earlier events are in the company report.
Frequently asked questions
Prudent Broking Services 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.
Prudent Broking Services was a private limited company based in Ahmedabad, Gujarat, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 14 July 1995 and is registered under CIN U67120GJ1995PTC026716. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Prudent Broking Services was incorporated on 14 July 1995. It is registered with the Registrar of Companies, Ahmedabad.
Prudent Broking Services had 3 directors:
- Ankush Choudhary - Director
- Hetal Rameshbhai Patel - Director
- Sanjay Rameshchandra Shah - Director
The CIN (Corporate Identification Number) of Prudent Broking Services is U67120GJ1995PTC026716. 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 Prudent Broking Services is at 401 Sears Tower Off Cg Road Gulbai Tekra Ambawadi, Ahmedabad, Gujarat, India – 380006.
Prudent Broking Services can be reached through the website prudentbroking.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Prudent Broking Services on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 19 August 2023. Year-wise statements from 2015 are in the company report.
No. Prudent Broking Services has 8 GST registrations on record and all of them are cancelled or inactive.
Prudent Broking Services operated in the financial services industry, in the brokerage and trading services segment.
Prudent Broking Services has 2 MSME Form 1 returns on record between 2020 and 2021, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 13 May 2021.
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