Trust Asset Management Private Limited - Company Profile

It is a financial services private limited company based in Bandra, Maharashtra, India, established in 2017.

2017 Bandra, Maharashtra, India Active

Last Updated: December 20, 2025

About Trust Asset Management Private Limited

Trust Asset Management Private Limited, a active private limited company, was established on 11 December 2017 in Bandra, Maharashtra, India. Engaging in asset management firms within the financial and insurance service sector, it holds CIN: U65929MH2017PTC302677. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹200.00 Cr and a paid-up capital of ₹180.50 Cr.

It upholds a compliant status. Employing 45 professional, Its leadership includes Utpal Hemendra Sheth (Director), Nipa Utpal Sheth (Director), Sandeep Bagla (Ceo). Past directors included Rajeev Krishnamuralilal Agarwal, Hemant Nerurkar Madhusudan. Its latest AGM occurred on 26 July 2025, with the balance sheet filed on 31 March 2025. It is based at 101, 1St Floor, Naman Corporate Link Centre, G-Block, Bandra Kurla Complex, Bandra, Maharashtra, 400051.

Company Details

CIN/LLPIN
U65929MH2017PTC302677
Registration Number
302677
Incorporation Date
11 December 2017
Authorized Capital
₹200.00 Cr
Paid-Up Capital
₹180.50 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 200.00 Cr as on 20-12-2025
Paid Up Capital ₹ 180.50 Cr as on 20-12-2025
Company Age 8 Year, 1 Month
Last Filing with ROC 31 Mar 2025
Revenue Growth **** 80.61% (FY 2023)
Profit Growth **** 7.71% (FY 2023)
Ebitda **** -262.31% (FY 2023)
Net Worth 12.29% (FY 2023)
Total Assets **** 13.25% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Trust Asset Management Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Trust Asset Management Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Utpal Hemendra Sheth	Director	11 Dec 2017	Current
Nipa Utpal Sheth	Director	11 Dec 2017	Current
Sandeep Bagla	Ceo	19 Oct 2021	Current
Rajeev Krishnamuralilal Agarwal	Director	27 Sep 2018	Current
Hemant Nerurkar Madhusudan	Director	19 Oct 2018	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	14 Dec 2018	Past
Pramod Abcsdd	Additional Director	14 Dec 2018	Past

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Financial Performance of Trust Asset Management.

Trust Asset Management Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 80.61% increase. The company also saw a slight improvement in profitability, with a 7.71% increase in profit. The company's net worth Soared by an impressive increase of 12.29%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

80.61%

*******

Revenue from Operations

*******

-90.83%

*******

Total Assets

*******

13.25%

*******

Profit or Loss

*******

7.71%

*******

Net Worth

*******

12.29%

*******

EBITDA

*******

-262.31%

*******

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What is the Ownership and Shareholding Structure of Trust Asset Management?

In 2023, Trust Asset Management had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Trust Asset Management?

Trust Asset Management has a workforce of 45 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Trust Asset Management, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Trust Asset Management's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Trust Asset Management

Recent Activity within the Organization

Annual General Meeting

Progress on Trust Asset Management Private Limited last Annual general meeting of members was held on 26 Jul 2025 as per latest MCA records. was documented.
26 Jul 2025
Balance Sheet

Trust Asset Management Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was recorded as a recent event.
31 Mar 2025
Director Appointment

Sandeep Bagla was appointed as a CEO was appointed as a CEO on 19 Oct 2021 & has been associated with this company since 4 years 3 months . was recorded as a recent event.
19 Oct 2021
Director Appointment

Progress on Sandeep Bagla was appointed as a CEO was appointed as a CEO on 19 Oct 2021 & has been associated with this company since 4 years 3 months . was documented.
19 Oct 2021
Director Appointment

The activity Hemant Nerurkar Madhusudan was appointed as a Director was appointed as a Director on 19 Oct 2018 & has been associated with this company since 7 years 3 months . was completed.
19 Oct 2018
Director Appointment

Progress on Rajeev Krishnamuralilal Agarwal was appointed as a Director was appointed as a Director on 27 Sep 2018 & has been associated with this company since 7 years 4 months . was documented.
27 Sep 2018

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