Setu Securities Private Limited
About Setu Securities Private Limited
Data last updated:
Setu Securities 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 23 April 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH2001PTC131717. Its GSTIN is 27AAGCS3919K2ZY (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Chetan Rasiklal Shah and Geeta Chetan Shah.
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 B – 401 Avirahi Building Near Simpoli Signal S. V. Road Borivali (W), Mumbai, Maharashtra, India – 400092.
As per the financials filed for FY 2025, the company reported a revenue of ₹115.41 Cr, a decline of 63% compared to the previous year. For the same year it recorded a net profit of ₹6.86 Cr (net margin 5.9%) and EBITDA of ₹58.19 Cr (EBITDA margin 50.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 77% over five years.
As per MCA filings, the company has open charges of ₹90 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it. The company has 2 deals on record (2 secondary share transfers); the latest was in April 2016. Its 10 peer companies in the BFSI industry (Broking Services) are compared by revenue, 5 larger and 5 smaller; the largest is LKP Securities Limited with revenue of ₹117.45 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressB – 401 Avirahi Building Near Simpoli Signal S. V. Road Borivali (W), Mumbai, Maharashtra, India – 400092
- IndustryFinancial Services, Brokerage & Trading Services
- 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
- One PDF report, delivered after checkout
Business Activity of Setu Securities Private Limited
The main business activity of Setu Securities is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Setu Securities Private Limited FY 2025 filings available
Setu Securities Private Limited reported revenue of ₹115.41 Cr (down 63% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Setu Securities Private Limited
Revenue fell 63% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 77%. EBITDA fell 78% 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 of Setu Securities Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹58.19 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.86 Cr | •••• | •••• | •••• | •••• |
| 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 of Setu Securities Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 50.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Setu Securities are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Setu Securities Private Limited
Setu Securities Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Broking Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| LKP Securities Limited Listed | ₹117.45 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Motisons Shares Limited | ₹116.8 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Haridwar, Uttarakhand, India |
| Vishakha Accounting Services Private Limited | ₹116.65 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Mumbai, Maharashtra, India |
| Mahalaxmi Brokerage (India) Private Limited | ₹116.64 Cr (FY 2025) | •••• | •••• | 246.0% | •••• | Jaipur, Rajasthan, India |
| Purak Trading Pvt Ltd | ₹115.54 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
| Setu Securities Private Limited this company | ₹115.41 Cr (FY 2025) | •••• | •••• | -63.0% | •••• | Mumbai, Maharashtra, India |
| Two Roads Trading Private Limited | ₹115.36 Cr (FY 2025) | •••• | •••• | 68.0% | •••• | Bangalore, Karnataka, India |
| Intensive Softshare Private Limited | ₹115.08 Cr (FY 2025) | •••• | •••• | 203.0% | •••• | Mumbai, Maharashtra, India |
| Qcap Securities Private Limited | ₹114.5 Cr (FY 2024) | •••• | •••• | -26.0% | •••• | Mumbai, Maharashtra, India |
| Asian Markets Securities Private Limited | ₹113.69 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Gateway Financial Services Ltd | ₹113.55 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Setu Securities by revenue in the BFSI industry (Broking Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Setu Securities Private Limited
Setu Securities Private Limited is audited by Arvind H. Shah & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Arvind H. Shah & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Setu Securities Private Limited
Setu Securities has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Rasiklal Shah | Director | 27 Apr 2022 | 4 Years 5 Months | Current |
| Geeta Chetan Shah Also directs: Nexta Enterprises LLP | Director | 27 Apr 2022 | 4 Years 5 Months | Current |
Ownership and Shareholding of Setu Securities Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Setu Securities Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Jun 2025 | Others | ₹50 Cr | Open |
| 30 May 2025 | Others | ₹15 Cr | Open |
| 26 Mar 2025 | Others | ₹25 Cr | Open |
Total charge records: 3 View all charges
Deals & Funding of Setu Securities Private Limited
Setu Securities Private Limited has 2 deals on record (2 secondary share transfers); the latest was in April 2016.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2016 | Secondary share transfer | Undisclosed | Buyer: Rasiklal J Shah - Huf Seller: an individual |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Rasiklal J Shah - Huf, 2 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Setu Securities Private Limited
Setu Securities Private Limited has 5 court cases on record: 2 filed by Setu Securities, 3 filed against it. All cases are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Income Tax Officer Ward-13(2)(1) and 4 Ors | Disposed |
| Bombay High Court | Writ petition | Filed by the company against an individual | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax 4 | Disposed |
| Supreme Court | Special leave petition | Filed against the company by Income Tax Officer | Disposed |
| Supreme Court | Appeal | Filed against the company by Income Tax Officer Ward 13 (2) (1) | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Setu Securities Private Limited
Employment history and EPFO contributions of people linked to Setu Securities.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Setu Securities Private Limited
Setu Securities Private Limited has 10 board changes on record since 2001: 6 appointments and 4 cessations. The latest: Ankita Hardik Vora ceased to be Director on 21 May 2022.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Setu Securities Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Setu Securities Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Setu Securities Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Setu Securities Private Limited
Setu Securities has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCS3919K2ZY | Maharashtra | Active | 30 Sep 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Setu Securities Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Setu Securities Private Limited
Setu Securities 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 23 April 2001 (25+ years old) and is registered under CIN U67120MH2001PTC131717.
Setu Securities reported revenue of ₹115.41 Cr for FY 2025 (down 63% YoY).
Setu Securities has 2 current directors:
- Chetan Rasiklal Shah - Director
- Geeta Chetan Shah - Director
Setu Securities reported a net profit of ₹6.86 Cr (net margin 5.9%) and EBITDA of ₹58.19 Cr (EBITDA margin 50.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Setu Securities is -2% over three years and 77% over five years. In the latest year (FY 2025) revenue fell 63%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Setu Securities is 27AAGCS3919K2ZY, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Setu Securities is U67120MH2001PTC131717. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Setu Securities has 5 court cases on record: 2 filed by the company and 3 filed against it. Most are in the high courts.
Setu Securities was incorporated on 23 April 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
Setu Securities has 2 deals on record (2 secondary share transfers); the latest was in April 2016.
The peers of Setu Securities by revenue are LKP Securities Limited, Motisons Shares Limited, Vishakha Accounting Services Private Limited, Mahalaxmi Brokerage (India) Private Limited, Purak Trading Pvt Ltd and 5 more, all in the BFSI industry (Broking Services).