About Indusind Securities Limited
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Indusind Securities Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Reliance Capital Ltd. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 17 June 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH2005PLC154052. Its GSTIN is 27AADCR0260P1Z5 (Maharashtra). The company holds 28 GST registrations, of which 24 are active.
The company has an authorised share capital of ₹400 Cr and a paid-up capital of ₹235 Cr. It was formerly known as R Trade Securities Limited. It is led by directors including Lav Ramji Chaturvedi (Whole-Time Director) and Sanjay Sharma (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Tech IT Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹148.07 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹13.71 Cr (net margin 9.3%) and EBITDA of ₹20 Cr (EBITDA margin 13.5%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years and 7% over five years.
The company has about 693 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Reliancesmartmoney.Com. As per MCA filings, the company has open charges of ₹825 Cr and satisfied charges of ₹195 Cr on record. Court records list 160 cases involving the company, including 93 filed by the company and 67 filed against it; 24 cases are pending. The company has 11 deals on record (5 funding rounds, 5 secondary share transfers, 1 rights issue), with disclosed funding of ₹240 Cr; the latest was in December 2025. Its 6 peer companies in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 3 larger and 3 smaller; the largest is Uni-Alt Securities Services Private Limited with revenue of ₹150.48 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website reliancesmartmoney.com.
Company details
Name history
Indusind Securities has undergone 2 name changes throughout its history. The company was previously known as R Trade Securities Limited, and Indusind Securities Limited. The current legal name is Indusind Securities Limited.
| Company Name | Status |
|---|---|
| Indusind Securities Limited | Current |
| R Trade Securities Limited | Previous |
CIN history
Indusind Securities has one previous CIN (Corporate Identification Number): U65990MH2005PTC154052. The current CIN is U65990MH2005PLC154052, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65990MH2005PLC154052 | Current |
| U65990MH2005PTC154052 | Previous |
Contact details
Indusind Securities Limited's registered office is in Mumbai, Maharashtra. Its website is reliancesmartmoney.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address11th Floor R – Tech IT Park Nirlon Compond Off Western Express Highway Goregaon (E, Ast), Mumbai, Maharashtra, India – 400063
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Indusind 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
Indusind Securities operates one associated brand: reliancesmartmoney.com. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of online platform for trading stocks, mutual funds, and insurance | reliancesmartmoney.com |
Business activity
The main business activity of Indusind Securities 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 Indusind Securities Limited, buy the company report.
Financials of Indusind Securities Limited
FY 2025 filings availableIndusind Securities Limited reported revenue of ₹148.07 Cr (down 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 30% fall in the latest year. EBITDA fell 2% 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 | ₹20 Cr | ||||
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| Net Profit (PAT) | ₹13.71 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.5% | ||||
| Net Profit Margin | 9.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Indusind Securities Limited, buy the company report.
Board of directors of Indusind Securities Limited
Indusind Securities has 4 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Agarwal | Additional Director | 09 Dec 2025 | 0 Years 10 Months | Current |
| Lav Ramji Chaturvedi Also directs: Reliance Financial Limited | Whole-Time Director | 11 Oct 2019 | 7 Years 0 Months | Current |
| Sanjay Sharma | Whole-Time Director | 17 May 2022 | 4 Years 5 Months | Current |
| Mosalkanti Vasudev Rao Also directs: Gocl Corporation Limited | Director | 29 Mar 2025 | 1 Years 6 Months | Current |
Peer comparison
Indusind Securities Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Uni-Alt Securities Services Private Limited | ₹150.48 Cr (FY 2025) | 910.0% | Haryana, India | |||
| Incred Capital Wealth Portfolio Managers Private Limited | ₹148.46 Cr (FY 2025) | 34.0% | Mumbai, Maharashtra, India | |||
| Antique Stock Broking Limited | ₹148.27 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Indusind Securities Limitedthis company | ₹148.07 Cr (FY 2025) | ₹13.71 Cr | 9.3% | -30.0% | 693 | Mumbai, Maharashtra, India |
| Hridaynath Consultancy Private Limited | ₹148.07 Cr (FY 2016) | 8.0% | Mumbai, Maharashtra, India | |||
| Dolat Capital Market Pvt Limited | ₹147.11 Cr (FY 2025) | 29.0% | Gandhinagar, Gujarat, India | |||
| Cardinal Mercantile Private Limited | ₹146.72 Cr (FY 2025) | 111.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Indusind Securities Limited, buy the company report.
Auditor
Indusind Securities Limited is audited by Pathak H. D. & Associates LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pathak H. D. & Associates LLP | FY 2022 | 107783W/W100593 |
Shareholding
The shareholding of Indusind 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 Indusind Securities Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2025 | 101157589 | Others | ₹205 Cr | Open | |
| 30 Jul 2018 | 100203882 | Others | ₹50 Cr | Open | |
| 14 Feb 2018 | 100160277 | Others | ₹500 Cr | Open | |
| 11 Jan 2016 | 100026183 | Yes Bank Limited | ₹20 Cr | Open | |
| 26 May 2014 | 10546798 | Yes Bank Limited | ₹50 Cr | Open |
To see the full charge records of Indusind Securities Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Indusind Securities Limited has 11 deals on record (5 funding rounds, 5 secondary share transfers, 1 rights issue), with disclosed funding of ₹240 Cr; the latest was in December 2025.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2025 | Funding round | ₹25 Cr | Investors: Reliance Capital Ltd |
| Mar 2018 | Secondary share transfer | Undisclosed | Seller: Reliance Capital Ltd , Eliance Capital Limited & V.r Mohan, Reliance Capital Limited & Parul Jain |
| Mar 2018 | Rights issue | ₹160 Cr | Investors: Reliance Capital Ltd , Reliance Capital Limited & Madan Chaturvedi, Reliance Capital Limited & Atul Tandon |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Reliance Capital Ltd Seller: Reliance Ada Group Trustees Private Limited |
| Mar 2012 | Secondary share transfer | Undisclosed | Seller: Reliance Capital Ltd |
To see the full deal history of Indusind Securities Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indusind Securities Limited has 160 court cases on record: 93 filed by Indusind Securities, 67 filed against it. 24 cases are pending and 136 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 104 | 47 | 17 |
| High courts | 52 | 19 | 7 |
| Supreme Court | 4 | 1 | 0 |
Cases on record (5 of 160)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed by the company against M/S New Bridge Business Centre Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SW) | Filed by the company against Acuity Merchants Pvt Ltd and 9 others | Disposed |
| Calcutta High Court | Court case (AP-COM) | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.A.P.) | Filed against the company by an individual | Pending |
| District court, Gwalior, Madhya Pradesh | Court case (EX AB) | Filed by the company against an individual | Pending |
To see the full case history of Indusind Securities 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.
Credit ratings & regulatory alerts
Indusind Securities Limited was last rated by Icra on 14 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 14 Feb 2022 |
To see the full credit ratings and regulatory alerts of Indusind Securities Limited, buy the company report.
MSME payment delays
Indusind Securities Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shirish Ventures (OPC) Private Limited |
To see the full MSME payment records of Indusind Securities Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Indusind Securities Limited has a workforce of 693 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Indusind Securities has 28 GST registrations: 24 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR0260P1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 27AADCR0260P2Z4 | Maharashtra | Active | 30 Jul 2017 |
| 27AADCR0260P3Z3 | Maharashtra | Active | 21 Mar 2022 |
| 03AADCR0260P1ZF | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indusind Securities Limited, buy the company report.
Recent activity
Indusind Securities Limited has 27 board changes on record since 2008: 4 appointments and 23 cessations. The latest: Anand Agarwal was appointed as Additional Director on 09 Dec 2025.
31 earlier events are in the company report.
News
Frequently asked questions
Indusind Securities is an active public limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 17 June 2005 (21+ years old) and is registered under CIN U65990MH2005PLC154052.
Indusind Securities has 4 current directors:
- Lav Ramji Chaturvedi - Whole-Time Director
- Sanjay Sharma - Whole-Time Director
- Anand Agarwal - Additional Director
- Mosalkanti Vasudev Rao - Director
The latest financial statements of Indusind Securities on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indusind Securities is 27AADCR0260P1Z5, registered in Maharashtra. The company has 28 GST registrations in all, of which 24 are active and 4 are cancelled or inactive. Other active GSTINs include 27AADCR0260P2Z4 (Maharashtra), 27AADCR0260P3Z3 (Maharashtra), 03AADCR0260P1ZF (Punjab).
The CIN (Corporate Identification Number) of Indusind Securities is U65990MH2005PLC154052. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indusind Securities has 160 court cases on record: 93 filed by the company and 67 filed against it. 24 are pending. Most are in the district courts.
Indusind Securities was incorporated on 17 June 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Indusind Securities has 11 deals on record (5 funding rounds, 5 secondary share transfers, 1 rights issue), with disclosed funding of ₹240 Cr; the latest was in December 2025.
The peers of Indusind Securities by revenue are Uni-Alt Securities Services Private Limited, Incred Capital Wealth Portfolio Managers Private Limited, Antique Stock Broking Limited, Hridaynath Consultancy Private Limited, Dolat Capital Market Pvt Limited and 1 more, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Anand Agarwal was appointed as Additional Director on 09 Dec 2025. Mosalkanti Vasudev Rao ceased to be Additional Director on 28 Sep 2025. Mosalkanti Vasudev Rao was appointed as Director on 29 Mar 2025. Indusind Securities has 27 board changes on record in total.
Indusind Securities has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 26 Apr 2024.
Indusind Securities can be reached through the website reliancesmartmoney.com. Its registered office is in Mumbai, Maharashtra, India.