About Phillipcapital (India) Private Limited
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Phillipcapital (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Phillip (Mauritius) Private Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 29 December 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U92403MH1999PTC123359. Its GSTIN is 27AABCR6382C1ZF (Maharashtra). The company holds 8 GST registrations, all of them active.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹51.89 Cr. It was formerly known as Mf Global Sify Securities India Private Limited and Refco-Sify Securities India Private Limited. It is led by directors Nihit Bharat Parikh and Kalpesh Narendra Vora.
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 No. 1 18th Floor Urmi Estate 95 Ganpatrao Kadam Marg Lower Parel (W), Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2025, the company reported a revenue of ₹470.53 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹91.78 Cr (net margin 19.5%) and EBITDA of ₹163.2 Cr (EBITDA margin 34.7%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 22% over five years.
The company has about 402 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Trade On Go and PhillipCapital. As per MCA filings, the company has open charges of ₹987.52 Cr and satisfied charges of ₹326.83 Cr on record. Court records list 44 cases involving the company, including 23 filed by the company and 21 filed against it; 7 cases are pending. The company has 8 deals on record (8 secondary share transfers); the latest was in March 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, 1 larger and 5 smaller; the largest is Kotak Commodity Services Private Limited with revenue of ₹470.72 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website phillipcapital.in.
Company details
Name history
Phillipcapital (India) has undergone 4 name changes throughout its history. The current legal name is Phillipcapital (India) Private Limited.
| Company Name | Status |
|---|---|
| Phillipcapital (India) Private Limited | Current |
| Mf Global Sify Securities India Private Limited | Previous |
| Refco-Sify Securities India Private Limited | Previous |
| Man Financial-Sify Securities India Private Limited | Previous |
| Refco Sify Securities India Private Limited | Previous |
Contact details
Phillipcapital (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is phillipcapital.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 1 18th Floor Urmi Estate 95 Ganpatrao Kadam Marg Lower Parel (W), Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Phillipcapital (India) 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
Brands
Phillipcapital (India) operates two associated brands: Trade On Go and PhillipCapital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Broker-based online trading platform | tradeongo.com | |
| PhillipCapital is engaged in providing integrated financial services globally. | phillipcapital.in |
Business activity
The main business activity of Phillipcapital (India) 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 Phillipcapital (India) Private Limited, buy the company report.
Financials of Phillipcapital (India) Private Limited
FY 2024 filings availablePhillipcapital (India) Private Limited reported revenue of ₹470.53 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 14% growth 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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| Total Expenses | |||||
| EBITDA | ₹163.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹91.78 Cr | ||||
| Balance Sheet | |||||
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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 | 34.7% | ||||
| Net Profit Margin | 19.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Phillipcapital (India) Private Limited, buy the company report.
Board of directors of Phillipcapital (India) Private Limited
Phillipcapital (India) has 2 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nihit Bharat Parikh Also directs: Phillip Capital Management India Private Limited | Director | 29 Jan 2020 | 6 Years 9 Months | Current |
| Kalpesh Narendra Vora Also directs: Phillip Capital Management India Private Limited | Director | 29 Jan 2020 | 6 Years 9 Months | Current |
Peer comparison
Phillipcapital (India) Private 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 |
|---|---|---|---|---|---|---|
| Kotak Commodity Services Private Limited | ₹470.72 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India | |||
| Phillipcapital (India) Private Limitedthis company | ₹470.53 Cr (FY 2025) | ₹91.78 Cr | 19.5% | 14.0% | 402 | Mumbai, Maharashtra, India |
| East India Securities Ltd | ₹466.77 Cr (FY 2025) | 17.0% | Kolkata, West Bengal, India | |||
| Ubs Securities India Private Limited | ₹464.1 Cr (FY 2025) | 31.0% | Mumbai, Maharashtra, India | |||
| Aditya Birla Money Limited | ₹462.58 Cr (FY 2025) | 17.0% | Veraval, Gujarat, India | |||
| Investec Capital Services (India) Private Limited | ₹452.84 Cr (FY 2025) | 55.0% | Mumbai, Maharashtra, India | |||
| Kifs Trade Capital Private Limited | ₹450.07 Cr (FY 2024) | 152.0% | Gandhinagar, Gujarat, India |
To see the full peer comparison of Phillipcapital (India) Private Limited, buy the company report.
Auditor
Phillipcapital (India) Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Phillipcapital (India) Private 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 Phillipcapital (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2024 | 100992421 | Others | ₹130 Cr | Open | |
| 25 Jan 2024 | 100875678 | Hdfc Bank Limited | ₹1.27 Cr | Open | |
| 21 Dec 2023 | 100839363 | Others | ₹1.25 Cr | Open | |
| 10 Mar 2023 | 100690343 | Others | ₹300 Cr | Open | |
| 29 Oct 2021 | 100493783 | Others | ₹400 Cr | Open |
To see the full charge records of Phillipcapital (India) Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Phillipcapital (India) Private Limited has 8 deals on record (8 secondary share transfers); the latest was in March 2025.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Phillip Capital (India) Private Limited Management Employees Trust |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Phillip Capital (India) Private Limited Management Employees Trust |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Phillip Capital (India) Private Limited Management Employees Trust |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Phillip Capital (India) Private Limited Management Employees Trust |
| Aug 2012 | Secondary share transfer | Undisclosed | Buyer: Phillip (Mauritius) Private Limited, Phillip Capital (India) Private Limited Management Employees Trust Seller: Sify Technologies Limited , Mf Global Overseas Limited |
To see the full deal history of Phillipcapital (India) Private 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
Phillipcapital (India) Private Limited has 44 court cases on record: 23 filed by Phillipcapital (India), 21 filed against it. 7 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 29 | 16 | 7 |
| District courts | 14 | 4 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Qualichem Industries Pvt Ltd Through Himanshu D. Rach and 11 others | Disposed |
| Bombay High Court | Commercial suit | Filed against the company by Shri Khemisati Exims Pvt Ltd and Anr | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Sify Technologies Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed against the company by Ms Microweb Enterprises Pvt. Ltd. Ors | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Mayrose Capfin Pvt. Ltd. Ors. and 2 others | Disposed |
To see the full case history of Phillipcapital (India) Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Phillipcapital (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Phillipcapital (India) has 2 subsidiary companies and 4 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Phillip Ventures Ifsc Private Limited | U65999GJ2017PTC098285 | |
| Phillip Commodities India Private Limited | U67120MH2003PTC142627 |
To see the full group structure of Phillipcapital (India) Private Limited, buy the company report.
Employees & EPFO
Phillipcapital (India) Private Limited has a workforce of 402 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Phillipcapital (India) has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCR6382C1ZF | Maharashtra | Active | 01 Jul 2017 |
| 27AABCR6382C2ZE | Maharashtra | Active | 09 May 2019 |
| 07AABCR6382C1ZH | Delhi | Active | 01 Jul 2017 |
| 24AABCR6382C1ZL | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Phillipcapital (India) Private Limited, buy the company report.
Recent activity
Phillipcapital (India) Private Limited has 14 board changes on record since 2010: 2 appointments and 12 cessations. The latest: Kalpesh Narendra Vora ceased to be Additional Director on 30 Dec 2020.
32 earlier events are in the company report.
News
Frequently asked questions
Phillipcapital (India) 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 29 December 1999 (27+ years old) and is registered under CIN U92403MH1999PTC123359.
Phillipcapital (India) has 2 current directors:
- Nihit Bharat Parikh - Director
- Kalpesh Narendra Vora - Director
The latest financial statements of Phillipcapital (India) 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 Phillipcapital (India) is 27AABCR6382C1ZF, registered in Maharashtra. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 27AABCR6382C2ZE (Maharashtra), 07AABCR6382C1ZH (Delhi), 24AABCR6382C1ZL (Gujarat).
The CIN (Corporate Identification Number) of Phillipcapital (India) is U92403MH1999PTC123359. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phillipcapital (India) has 44 court cases on record: 23 filed by the company and 21 filed against it. 7 are pending. Most are in the high courts.
Phillipcapital (India) was incorporated on 29 December 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
Phillipcapital (India) has 8 deals on record (8 secondary share transfers); the latest was in March 2025.
The peers of Phillipcapital (India) by revenue are Kotak Commodity Services Private Limited, East India Securities Ltd, Ubs Securities India Private Limited, Aditya Birla Money Limited, Investec Capital Services (India) Private Limited and 1 more, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Kalpesh Narendra Vora ceased to be Additional Director on 30 Dec 2020. Nihit Bharat Parikh ceased to be Additional Director on 30 Dec 2020. Rajendra Manohar Bhambhani ceased to be Director on 28 Feb 2020. Phillipcapital (India) has 14 board changes on record in total.
Phillipcapital (India) can be reached through the website phillipcapital.in. Its registered office is in Mumbai, Maharashtra, India.
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