Richwealth Securities Private Limited
About Richwealth Securities Private Limited
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Richwealth Securities Private Limited is a private limited company based in Jamnagar, Gujarat, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 09 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U52100GJ2011PTC065351.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Jiten Marketing Private Limited. It is led by directors Piyushkumar Chanabhai Modhwadia and Jiten Chanabhai Modhvadia.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Jamnagar, Gujarat.
As per the financials filed for FY 2018, the company reported a revenue of ₹21.4 Lakh, a growth of 64% compared to the previous year. For the same year it recorded a net loss of ₹50,078 (net margin -2.3%) and EBITDA of ₹14.07 Lakh (EBITDA margin 65.8%). Revenue has grown at a compounded annual rate (CAGR) of 101% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Richwealth Securities Private Limited's registered office is in Jamnagar, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOfficeno.214 2 Ndfloor Madhavsquareopp.Criketbunglow Limdalane Nr.L, Al Bunglow, Jamnagar, Gujarat, India – 361001
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Richwealth Securities 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 Richwealth Securities is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| 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 |
To see the full business activity and turnover split of Richwealth Securities Private Limited, buy the company report.
Financials of Richwealth Securities Private Limited
FY 2018 filings availableRichwealth Securities Private Limited reported revenue of ₹21.4 Lakh (up 64% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 101% over three years, including 64% growth in the latest year. EBITDA rose 127% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹21.4 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹14.07 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹50,078 | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 65.8% | |||
| Net Profit Margin | -2.3% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Richwealth Securities Private Limited, buy the company report.
Board of directors of Richwealth Securities Private Limited
Richwealth Securities has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piyushkumar Chanabhai Modhwadia | Director | 01 Dec 2014 | 11 Years 10 Months | Current |
| Jiten Chanabhai Modhvadia | Director | 09 May 2011 | 15 Years 5 Months | Current |
Peer comparison
Richwealth Securities Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Shikago Trade Private Limited | ₹21.58 Lakh (FY 2024) | 7.0% | Mumbai, Maharashtra, India | |||
| Deep Tieup Pvt Ltd | ₹21.57 Lakh (FY 2025) | -62.0% | Kolkata, West Bengal, India | |||
| Krishna Multifarious Private Limited | ₹21.54 Lakh (FY 2025) | -88.0% | Unjha, Gujarat, India | |||
| Richwealth Securities Private Limitedthis company | ₹21.4 Lakh (FY 2018) | -₹50,078 | -2.3% | 64.0% | Jamnagar, Gujarat, India | |
| Prssb Services Limited | ₹21.37 Lakh (FY 2025) | -87.0% | Ahmedabad, Gujarat, India | |||
| Harsh Futures Commodities Private Limited | ₹21.35 Lakh (FY 2024) | -97.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Richwealth Securities Private Limited, buy the company report.
Auditor
Richwealth Securities Private Limited is audited by UMESH RAVANI & ASSOCIATES (PARTNERSHIP FIRM) for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UMESH RAVANI & ASSOCIATES (PARTNERSHIP FIRM) | FY 2018 | 113062W |
Shareholding
The shareholding of Richwealth Securities Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Richwealth Securities Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Richwealth Securities 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 Richwealth Securities 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 Richwealth Securities Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Richwealth Securities Private Limited has 3 board changes on record since 2011: 2 appointments and 1 cessation. The latest: Bhima Ranmalbhai Modhavadiya ceased to be Director on 30 Jan 2015.
Frequently asked questions
Richwealth Securities is an active private limited company based in Jamnagar, Gujarat, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 09 May 2011 (15+ years old) and is registered under CIN U52100GJ2011PTC065351.
Richwealth Securities has 2 current directors:
- Piyushkumar Chanabhai Modhwadia - Director
- Jiten Chanabhai Modhvadia - Director
The latest financial statements of Richwealth Securities on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Richwealth Securities is U52100GJ2011PTC065351. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Richwealth Securities was incorporated on 09 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Richwealth Securities by revenue are Shikago Trade Private Limited, Deep Tieup Pvt Ltd, Krishna Multifarious Private Limited, Prssb Services Limited, Harsh Futures Commodities Private Limited, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Bhima Ranmalbhai Modhavadiya ceased to be Director on 30 Jan 2015. Piyushkumar Chanabhai Modhwadia was appointed as Director on 01 Dec 2014. Jiten Chanabhai Modhvadia was appointed as Director on 09 May 2011.
The registered office of Richwealth Securities is at Officeno.214 2 Ndfloor Madhavsquareopp.Criketbunglow Limdalane Nr.L, Al Bunglow, Jamnagar, Gujarat, India – 361001.
Richwealth Securities operates in the financial services industry, in the brokerage and trading services segment.
The compliance status of Richwealth Securities is compliant as of 22 September 2026. The company is actively filing with the Registrar of Companies.
Yes. Richwealth Securities was formerly known as Jiten Marketing Private Limited.