About Satco Capital Markets Limited
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Satco Capital Markets Limited is a public 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 25 April 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1989PLC051506. Its GSTIN is 27AAACS6813N2ZZ (Maharashtra). The company holds 12 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹8.42 Cr. It was formerly known as Satco Securites and Financial Services Limited and Satco Holdings Pvt Ltd. It is led by directors including Rajendra Babani Mahadev (Managing Director) and Harish Edwin Solomon (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 17 Ground Floor Noble Chambers Ghoga Street Janmabhoomi Marg Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.18 Cr, a decline of 55% compared to the previous year. For the same year it recorded a net loss of ₹13.31 Lakh (net margin -11.3%) and EBITDA of ₹3.44 Lakh (EBITDA margin 2.9%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 32% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Satco Capital Markets. As per MCA filings, the company has satisfied charges of ₹5.04 Cr on record. Court records list 24 cases involving the company, including 3 filed by the company and 21 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website satcodirect.com.
Company details
Name history
Satco Capital Markets has undergone 2 name changes throughout its history. The company was previously known as Satco Securites And Financial Services Limited, and Satco Holdings Pvt Ltd.. The current legal name is Satco Capital Markets Limited.
| Company Name | Status |
|---|---|
| Satco Capital Markets Limited | Current |
| Satco Securites And Financial Services Limited | Previous |
| Satco Holdings Pvt Ltd. | Previous |
CIN history
Satco Capital Markets has one previous CIN (Corporate Identification Number): U65990MH1989PTC051506. The current CIN is U65990MH1989PLC051506, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65990MH1989PLC051506 | Current |
| U65990MH1989PTC051506 | Previous |
Contact details
Satco Capital Markets Limited's registered office is in Mumbai, Maharashtra. Its website is satcodirect.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address17 Ground Floor Noble Chambers Ghoga Street Janmabhoomi Marg Fort, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Satco Capital Markets 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
Satco Capital Markets operates one associated brand: Satco Capital Markets. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides financial solutions for capital markets and investments. | satcodirect.com |
Business activity
The main business activity of Satco Capital Markets 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 Satco Capital Markets Limited, buy the company report.
Financials of Satco Capital Markets Limited
FY 2024 filings availableSatco Capital Markets Limited reported revenue of ₹1.18 Cr (down 55% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 32% over five years, including a 55% fall in the latest year. EBITDA fell 95% 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 | ₹3.44 Lakh | ||||
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| Net Profit (PAT) | -₹13.31 Lakh | ||||
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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 | 2.9% | ||||
| Net Profit Margin | -11.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Satco Capital Markets Limited, buy the company report.
Board of directors of Satco Capital Markets Limited
Satco Capital Markets has 3 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harish Edwin Solomon | Whole-Time Director | 06 Dec 2023 | 2 Years 11 Months | Current |
| Ketan Ramchandra Trivedi | Director | 16 May 2024 | 2 Years 5 Months | Current |
| Rajendra Babani Mahadev Also directs: Edgetec Metals & Alloys LLP | Managing Director | 05 Jan 2006 | 20 Years 10 Months | Current |
Auditor
Satco Capital Markets Limited is audited by GMJ & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GMJ & Co. | FY 2022 | 103429W |
Shareholding
The shareholding of Satco Capital Markets Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Satco Capital Markets Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2015 | 10582544 | Yes Bank Limited | ₹5 Cr | Satisfied | |
| 20 Jun 2002 | 90232387 | M/S Fiat Sundaram Auto Finance Ltd. | ₹3.75 Lakh | Satisfied |
To see the full charge records of Satco Capital Markets Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Satco Capital Markets Limited has 24 court cases on record: 3 filed by Satco Capital Markets, 21 filed against it. 8 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 22 | 19 | 8 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (APP) | Filed against the company by Manjira Properties Pvt Ltd | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by SVK Projects LLP | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (EXA) | Filed against the company by an individual | Pending |
To see the full case history of Satco Capital Markets 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
Satco Capital Markets Limited was last rated by Care on 22 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 22 Jul 2021 |
To see the full credit ratings and regulatory alerts of Satco Capital Markets Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Satco Capital Markets Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Satco Capital Markets Limited has a workforce of 11 employees on its EPFO records as of Aug 2023, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2023-24 | 11 |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Satco Capital Markets Limited, buy the company report.
GST
Satco Capital Markets has 12 GST registrations: 1 active and 11 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS6813N2ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Satco Capital Markets Limited, buy the company report.
Recent activity
Satco Capital Markets Limited has 20 board changes on record since 2006: 3 appointments and 17 cessations. The latest: Ketan Ramchandra Trivedi ceased to be Additional Director on 29 Sep 2024.
15 earlier events are in the company report.
Frequently asked questions
Satco Capital Markets 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 25 April 1989 (37+ years old) and is registered under CIN U65990MH1989PLC051506.
Satco Capital Markets has 3 current directors:
- Rajendra Babani Mahadev - Managing Director
- Harish Edwin Solomon - Whole-Time Director
- Ketan Ramchandra Trivedi - Director
The latest financial statements of Satco Capital Markets on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Satco Capital Markets is 27AAACS6813N2ZZ, registered in Maharashtra. The company has 12 GST registrations in all, of which 1 is active and 11 are cancelled or inactive.
The CIN (Corporate Identification Number) of Satco Capital Markets is U65990MH1989PLC051506. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Satco Capital Markets has 24 court cases on record: 3 filed by the company and 21 filed against it. 8 are pending. Most are in the high courts.
Satco Capital Markets was incorporated on 25 April 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Ketan Ramchandra Trivedi ceased to be Additional Director on 29 Sep 2024. Ketan Ramchandra Trivedi was appointed as Director on 16 May 2024. Harish Edwin Solomon was appointed as Whole-Time Director on 06 Dec 2023. Satco Capital Markets has 20 board changes on record in total.
Satco Capital Markets can be reached through the website satcodirect.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Satco Capital Markets is at 17 Ground Floor Noble Chambers Ghoga Street Janmabhoomi Marg Fort, Mumbai, Maharashtra, India – 400001.
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