Troika Securities Private Limited
About Troika Securities Private Limited
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Troika Securities Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 26 April 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1995PTC087743.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹19.41 Lakh. It was formerly known as Troika Securities Limited. It is led by directors including Saurabh Rajanikant Shah and Sudhir Kashiram Parab.
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 Dw1161 Tower – D West Wing Bharat Diamond Bourse Bandra Kurla Complex Bandra(E), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹188.87 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹6.37 Cr (net margin 3.4%) and EBITDA of ₹11.46 Cr (EBITDA margin 6.1%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 11% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹13 Cr and satisfied charges of ₹13 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressDw1161 Tower – D West Wing Bharat Diamond Bourse Bandra Kurla Complex Bandra(E), Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Diversified Financial 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
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Business Activity of Troika Securities Private Limited
The main business activity of Troika Securities is professional, scientific and technical activities. In detail, this covers activities of head offices; management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 70 | Activities of head offices; management consultancy 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 Troika Securities Private Limited FY 2025 filings available
Troika Securities Private Limited reported revenue of ₹188.87 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Troika Securities Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 14% growth in the latest year. EBITDA rose 54% 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 Troika 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 | ₹11.46 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.37 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 Troika Securities Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.4% | •••• | •••• | •••• | •••• |
| 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 Troika 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.
Board of Directors of Troika Securities Private Limited
Troika Securities has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saurabh Rajanikant Shah | Director | 20 Aug 1997 | 29 Years 2 Months | Current |
| Sudhir Kashiram Parab Also directs: Global Jewellery Private Limited | Director | 26 Nov 2021 | 4 Years 10 Months | Current |
| Salil Natwar Shah | Director | 26 Jun 2007 | 19 Years 3 Months | Current |
| Neil Natwar Shah | Director | 01 Apr 2006 | 20 Years 6 Months | Current |
Peer Comparison of Troika Securities Private Limited
Troika Securities Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial 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 |
|---|---|---|---|---|---|---|
| Edelweiss Investment Adviser Limited | ₹191.9 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Hyderabad, Telangana, India |
| Kaushal Power & Steel Private Limited | ₹191.41 Cr (FY 2023) | •••• | •••• | 29.0% | •••• | Kolkata, West Bengal, India |
| Strawberry Fields Televentures Private Limited | ₹190.59 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | New Delhi, Delhi, India |
| Finbud Financial Services Limited | ₹190.31 Cr (FY 2024) | •••• | •••• | 40.0% | •••• | Bangalore, Karnataka, India |
| Mo Alternate Investment Advisors Private Limited | ₹189.02 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Mumbai, Maharashtra, India |
| Troika Securities Private Limited this company | ₹188.87 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Eqt Partners India Private Limited | ₹187.75 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Mumbai, Maharashtra, India |
| Mittal Storage Private Limited | ₹184.85 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Kolkata, West Bengal, India |
| Tresvista Financial Services Private Limited | ₹184.06 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Mumbai, Maharashtra, India |
| Nomura Structured Finance Services Private Limited | ₹183.73 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| Mahaganpati Investment Private Limited | ₹183.11 Cr (FY 2021) | •••• | •••• | -22.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Troika Securities by revenue in the BFSI industry (Other Financial 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 Troika Securities Private Limited
Troika Securities Private Limited is audited by PYS & CO. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PYS & CO. LLP | 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.
Ownership and Shareholding of Troika 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 Troika Securities Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Nov 2022 | Bank of India | ₹13 Cr | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Troika Securities Private Limited
Employment history and EPFO contributions of people linked to Troika 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.
Group Structure of Troika Securities Private Limited
Troika Securities has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Global Jewellery Private Limited | U36910MH1992PTC069233 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Troika Securities Private Limited
Troika Securities Private Limited has 9 board changes on record since 1997: 4 appointments and 5 cessations. The latest: Sudhir Kashiram Parab ceased to be Additional Director on 30 Nov 2021.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Troika 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 Troika 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 Troika 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 Troika Securities Private Limited
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 Troika 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 Troika Securities Private Limited
Troika Securities is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 26 April 1995 (31+ years old) and is registered under CIN U67120MH1995PTC087743.
Troika Securities reported revenue of ₹188.87 Cr for FY 2025 (up 14% YoY).
Troika Securities has 4 current directors:
- Saurabh Rajanikant Shah - Director
- Sudhir Kashiram Parab - Director
- Salil Natwar Shah - Director
- Neil Natwar Shah - Director
Troika Securities reported a net profit of ₹6.37 Cr (net margin 3.4%) and EBITDA of ₹11.46 Cr (EBITDA margin 6.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Troika Securities is -4% over three years and 11% over five years. In the latest year (FY 2025) revenue rose 14%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Troika Securities is U67120MH1995PTC087743. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Troika Securities was incorporated on 26 April 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Troika Securities by revenue are Edelweiss Investment Adviser Limited, Kaushal Power & Steel Private Limited, Strawberry Fields Televentures Private Limited, Finbud Financial Services Limited, Mo Alternate Investment Advisors Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Sudhir Kashiram Parab ceased to be Additional Director on 30 Nov 2021. Sudhir Kashiram Parab was appointed as Director on 26 Nov 2021. Pawankumar Balkrishna Kankani ceased to be Director on 28 Feb 2021. Troika Securities has 9 board changes on record in total.
The registered office of Troika Securities is at Dw1161 Tower – D West Wing Bharat Diamond Bourse Bandra Kurla Complex BandraE, Mumbai, Maharashtra, India – 400051.
Troika Securities has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹19.41 Lakh.