About Trust Asset Management Private Limited
Data last updated: 20 December 2025
Trust Asset Management Private Limited is a private limited company based in Bandra, Maharashtra, India, a subsidiary of Trust Investment Advisors Private Limited. It specialises in asset management firms, a part of the broader financial services sector. Incorporated on 11 December 2017, the company has been in operation for over 9 years.
Registered with ROC Mumbai under CIN U65929MH2017PTC302677.
Capital: an authorised share capital of ₹200 Cr and a paid-up capital of ₹180.5 Cr. It is led by directors including Utpal Hemendra Sheth and Nipa Utpal Sheth.
Last AGM: 26 July 2025. Financial statements filed for year ended 31 March 2025. Office: 101 1St Floor Naman Corporate Link Centre, G – Block Bandra Kurla Complex, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.15 Cr, a decline of 15% compared to the previous year.
The company has a workforce of approximately 45 employees as per the latest available data. It operates as a subsidiary of Trust Investment Advisors Private Limited.
The company is associated with 1 brand - Trust Mutual Fund.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website trustmf.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered Address101 1St Floor Naman Corporate Link Centre, G – Block Bandra Kurla Complex, Maharashtra, India – 400051
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IndustryFinancial Services, Asset Management Firms
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Trust Asset Management Private Limited
Trust Asset Management Private Limited operates one associated brand: Trust Mutual Fund. These brands represent Trust Asset Management Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Provides mutual funds for equity, debt, and short-term investments in India. | trustmf.com |
Competitors & Alternatives of Trust Asset Management Private Limited
Brands and companies operating in the same space as Trust Asset Management Private Limited include Fidelity Investments, UTI Mutual Fund, Goldman Sachs and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Fidelity Investments
|
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | Boston, United States, United States | 1946 |
UTI Mutual Fund
|
Mutual funds, portfolio management, and retirement planning services are offered. | Mumbai, India, India | 2001 |
Goldman Sachs
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Investment banking services are delivered across multiple financial sectors. | New York, United States, United States | 1869 |
S&P Global
|
Platform offering business intelligence solutions that combine data and actionable analytics for clients | New York, United States, United States | 1917 |
Sundaram Finance
|
Provider of consumer & SME loans and equipment & vehicle leasing services | Chennai, India, India | 1954 |
Bank of America
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Commercial banking and asset management services are offered worldwide. | Charlotte, United States, United States | 1904 |
State Street
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Financial services are provided to asset managers worldwide. | Boston, United States, United States | - |
FIS
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Software suites for banks and financial institutions are provided. | Jacksonville, United States, United States | 1968 |
Avendus
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Corporate advisory and investment services are provided to clients. | Mumbai, India, India | 1999 |
360 One
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Asset and wealth management software is provided for businesses. | Mumbai, India, India | 2008 |
Business Activity of Trust Asset Management Private Limited
Trust Asset Management Private Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including fund management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services | ********* |
Auditor Details of Trust Asset Management Private Limited
Trust Asset Management Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Walker Chandiok & Co LLP | blur-value | blur-value | blur-value |
Board of Directors of Trust Asset Management Private Limited
Trust Asset Management Private Limited is currently managed by 6 directors, with 2 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Utpal Hemendra Sheth
Also directs:
Chanakya Value Creation Llp, Zen Superstructure Llp, Relativity Investment Advisors Llp and 5 more
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Director | 11 Dec 2017 | 8 Years 7 Months | Current |
| Nipa Utpal Sheth | Director | 11 Dec 2017 | 8 Years 7 Months | Current |
|
Sandeep Bagla
Also directs:
Association Of Mutual Funds In India
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Ceo | 19 Oct 2021 | 4 Years 8 Months | Current |
|
Rajeev Krishnamuralilal Agarwal
Also directs:
Star Health And Allied Insurance Company Limited, Mkventures Capital Limited, Acc Limited and 4 more
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Director | 27 Sep 2018 | 7 Years 9 Months | Current |
|
Hemant Nerurkar Madhusudan
Also directs:
Raghav Productivity Enhancers Limited, Igarashi Motors India Limited, Adani Energy Solutions Limited and 4 more
|
Director | 19 Oct 2018 | 7 Years 8 Months | Current |
Financials of Trust Asset Management Private Limited FY 2025 filings available
Trust Asset Management Private Limited reported revenue of ₹8.15 Cr (down 15% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.
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| Interest | ***** | ***** | ***** | ***** | ***** |
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| Long-Term Borrowings | ***** | ***** | ***** | ***** | ***** |
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| Other Non-Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Long-Term Provisions | ***** | ***** | ***** | ***** | ***** |
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| Short-Term Borrowings | ***** | ***** | ***** | ***** | ***** |
| Trade Payables | ***** | ***** | ***** | ***** | ***** |
| Other Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Short-Term Provisions | ***** | ***** | ***** | ***** | ***** |
| Total Equity & Liabilities | ***** | ***** | ***** | ***** | ***** |
| Non-Current Assets | |||||
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| Capital WIP | ***** | ***** | ***** | ***** | ***** |
| Intangibles Under Dev | ***** | ***** | ***** | ***** | ***** |
| Investments | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax Assets | ***** | ***** | ***** | ***** | ***** |
| LT Loans & Advances | ***** | ***** | ***** | ***** | ***** |
| Other Non-Current Assets | ***** | ***** | ***** | ***** | ***** |
| Current Assets | |||||
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| Cash & Bank Balance | ***** | ***** | ***** | ***** | ***** |
| ST Loans & Advances | ***** | ***** | ***** | ***** | ***** |
| Other Current Assets | ***** | ***** | ***** | ***** | ***** |
| Total Assets | ***** | ***** | ***** | ***** | ***** |
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| Cash from Operating Activities (CFO) | |||||
| Profit Before Tax | ***** | ***** | ***** | ***** | ***** |
| Non-Cash Adjustments | ***** | ***** | ***** | ***** | ***** |
| + Interest Expense | ***** | ***** | ***** | ***** | ***** |
| + Depreciation | ***** | ***** | ***** | ***** | ***** |
| +/- Unrealized Forex | ***** | ***** | ***** | ***** | ***** |
| - Dividend Income | ***** | ***** | ***** | ***** | ***** |
| - Interest Income | ***** | ***** | ***** | ***** | ***** |
| +/- Other Non-Cash Items | ***** | ***** | ***** | ***** | ***** |
| Changes in Working Capital | ***** | ***** | ***** | ***** | ***** |
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| Reconciliation Adjustments | ***** | ***** | ***** | ***** | ***** |
| Cash Generated from Operations | ***** | ***** | ***** | ***** | ***** |
| Income Taxes Paid | ***** | ***** | ***** | ***** | ***** |
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| Acquisitions & Disposals | ***** | ***** | ***** | ***** | ***** |
| Disposal of Subsidiaries | ***** | ***** | ***** | ***** | ***** |
| Acquisition of Subsidiaries | ***** | ***** | ***** | ***** | ***** |
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| Purchase of Fixed Assets | ***** | ***** | ***** | ***** | ***** |
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| Other Investing Cash Flows | ***** | ***** | ***** | ***** | ***** |
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| Equity Issuance | ***** | ***** | ***** | ***** | ***** |
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| Debt Repaid | ***** | ***** | ***** | ***** | ***** |
| Dividends Paid | ***** | ***** | ***** | ***** | ***** |
| Interest Paid | ***** | ***** | ***** | ***** | ***** |
| Net CFF (Cash from Financing) | ***** | ***** | ***** | ***** | ***** |
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| Net Change in Cash (Pre-Forex) | ***** | ***** | ***** | ***** | ***** |
| Closing Cash & Equivalents | ***** | ***** | ***** | ***** | ***** |
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| Current Ratio | ***** | ***** | ***** | ***** | ***** |
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| Cash Ratio | ***** | ***** | ***** | ***** | ***** |
| Efficiency | |||||
| Inventory Days | ***** | ***** | ***** | ***** | ***** |
| Debtor Days | ***** | ***** | ***** | ***** | ***** |
| Creditor Days | ***** | ***** | ***** | ***** | ***** |
| Cash Conversion Cycle | ***** | ***** | ***** | ***** | ***** |
| Asset Turnover | ***** | ***** | ***** | ***** | ***** |
| Profitability | |||||
| Net Profit Margin % | ***** | ***** | ***** | ***** | ***** |
| Operating Margin % | ***** | ***** | ***** | ***** | ***** |
| ROE % | ***** | ***** | ***** | ***** | ***** |
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| Net Worth Margin % | ***** | ***** | ***** | ***** | ***** |
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| ICR | ***** | ***** | ***** | ***** | ***** |
Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Shareholding Pattern of Trust Asset Management Private Limited
As of FY 2023, Trust Asset Management Private Limited's shareholding pattern shows 100.00% by promoters. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
Charges & Borrowings Trust Asset Management Private Limited
Trust Asset Management Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Trust Asset Management Private Limited
Trust Asset Management Private Limited has a workforce of 45 employees as of Apr 08, 2024.
Employee Count & EPFO Data of Trust Asset Management Private Limited
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GST Compliance of Trust Asset Management Private Limited
GSTIN & GST Filing Data of Trust Asset Management Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Trust Asset Management Private Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Trust Asset Management Private Limited
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MSME Payment Delays by Trust Asset Management Private Limited
MSME Payment Delays by Trust Asset Management Private Limited
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Subsidiaries & Group Companies of Trust Asset Management Private Limited
Subsidiaries & Group Companies of Trust Asset Management Private Limited
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MCA Filings & Documents of Trust Asset Management Private Limited
MCA Filings & Documents of Trust Asset Management Private Limited
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Recent Activity on Trust Asset Management Private Limited
Recent News on Trust Asset Management Private Limited
Frequently Asked Questions about Trust Asset Management Private Limited
Trust Asset Management Private Limited is an active private limited company in the financial services sector based in Bandra, Maharashtra, India. It was incorporated on 11 December 2017 (9+ years old) and is registered under CIN U65929MH2017PTC302677. The company has 45 employees.
Trust Asset Management Private Limited reported revenue of ₹8.15 Cr for FY 2025 (down 15.00% YoY).
The current directors of Trust Asset Management Private Limited are:
- Utpal Hemendra Sheth
- Nipa Utpal Sheth
- Sandeep Bagla
- Rajeev Krishnamuralilal Agarwal
- Hemant Nerurkar Madhusudan
- Puja Bharatkumar Trivedi
The primary industry of Trust Asset Management Private Limited is financial services. The company specifically operates in asset management firms. The company is currently active in this sector.
Trust Asset Management Private Limited can be reached at the registered office: 101 1St Floor Naman Corporate Link Centre, G – Block Bandra Kurla Complex, Maharashtra, India – 400051, or through the website trustmf.com.
The authorised capital is ₹200 Cr, and the paid-up capital is ₹180.5 Cr.