Rathi Research and Securities Services Private Limited
About Rathi Research and Securities Services Private Limited
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Rathi Research and Securities Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 30 March 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74130MH1993PTC071403. Its GSTIN is 27AABCR9555P2ZI (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹39.57 Lakh. It is led by directors including Himanshu Shantilal Kamdar and Santosh Narayan Rathi.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹48.36 Lakh, a growth of 70% compared to the previous year. For the same year it recorded a net loss of ₹20.93 Lakh (net margin -43.3%) and EBITDA of -₹20.52 Lakh (EBITDA margin -42.4%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 10% over five years.
As per MCA filings, the company has open charges of ₹1.5 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Rathi Research and Securities Services Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressOffice No.804 8th Floor Gala Altezza, Jayshankar Yagnik Marg Sion (West), Mumbai, Maharashtra, India – 400022
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Rathi Research and Securities 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
Business activity
The main business activity of Rathi Research and Securities Services 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 Rathi Research and Securities Services Private Limited, buy the company report.
Financials of Rathi Research and Securities Services Private Limited
FY 2025 filings availableRathi Research and Securities Services Private Limited reported revenue of ₹48.36 Lakh (up 70% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 70% growth in the latest year. EBITDA fell 92% 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 | -₹20.52 Lakh | ||||
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| Net Profit (PAT) | -₹20.93 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -42.4% | ||||
| Net Profit Margin | -43.3% | ||||
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To see the full financial statements and ratios of Rathi Research and Securities Services Private Limited, buy the company report.
Board of directors of Rathi Research and Securities Services Private Limited
Rathi Research and Securities Services has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanshu Shantilal Kamdar Also directs: Madhumilan Credit Capital Private Limited | Director | 12 Jul 1993 | 33 Years 3 Months | Current |
| Santosh Narayan Rathi | Director | 30 Mar 1993 | 33 Years 7 Months | Current |
| Neha Lahoty Rajat | Director | 30 Mar 2008 | 18 Years 7 Months | Current |
| Richa Somani Also directs: Essen Consultants LLP, Aarav Management Advisors LLP | Director | 20 Aug 2011 | 15 Years 2 Months | Current |
Auditor
Rathi Research and Securities Services Private Limited is audited by PHOPHLIYA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PHOPHLIYA & ASSOCIATES | FY 2021 | 113489W |
Shareholding
The shareholding of Rathi Research and Securities Services Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Rathi Research and Securities Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jul 1996 | 90158766 | The State Bank Limited | ₹1.5 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Rathi Research and Securities Services 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 Rathi Research and Securities Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rathi Research and Securities Services has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCR9555P2ZI | Maharashtra | Active | 06 Sep 2017 |
| 08AABCR9555P1ZJ | Rajasthan | Active | 25 May 2018 |
To see the full GST registrations and return filing status of Rathi Research and Securities Services Private Limited, buy the company report.
Recent activity
Rathi Research and Securities Services Private Limited has 10 board changes on record since 1993: 7 appointments and 3 cessations. The latest: Girish Kumar Pungalia ceased to be Director on 30 Aug 2013.
2 earlier events are in the company report.
Frequently asked questions
Rathi Research and Securities Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 30 March 1993 (33+ years old) and is registered under CIN U74130MH1993PTC071403.
Rathi Research and Securities Services has 4 current directors:
- Himanshu Shantilal Kamdar - Director
- Santosh Narayan Rathi - Director
- Neha Lahoty Rajat - Director
- Richa Somani - Director
The latest financial statements of Rathi Research and Securities Services 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 2015 are in the company report.
The GSTIN of Rathi Research and Securities Services is 27AABCR9555P2ZI, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 08AABCR9555P1ZJ (Rajasthan).
The CIN (Corporate Identification Number) of Rathi Research and Securities Services is U74130MH1993PTC071403. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rathi Research and Securities Services was incorporated on 30 March 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Girish Kumar Pungalia ceased to be Director on 30 Aug 2013. Richa Somani was appointed as Director on 20 Aug 2011. Narayan Tulsidas Rathi ceased to be Director on 02 Aug 2011. Rathi Research and Securities Services has 10 board changes on record in total.
The registered office of Rathi Research and Securities Services is at Office No.804 8th Floor Gala Altezza, Jayshankar Yagnik Marg Sion West, Mumbai, Maharashtra, India – 400022.
Rathi Research and Securities Services operates in the financial services industry, in the brokerage and trading services segment.
Rathi Research and Securities Services has open charges of ₹1.5 Lakh and no satisfied charges on record as per latest MCA filings.
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