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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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
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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
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Platform offering business intelligence solutions that combine data and actionable analytics for clients | New York, United States, United States | 1917 |
Sundaram Finance
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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 | Locked |
Business activity turnover details for Trust Asset Management Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
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 | Locked | Locked | Locked |
Complete auditor history for Trust Asset Management Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Trust Asset Management Private Limited
Trust Asset Management Private Limited currently reports 4 directors and 1 key managerial person. 2 former directors have served the organization.
| 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 |
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Sandeep Bagla
Also directs:
Association Of Mutual Funds In India
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Ceo | 19 Oct 2021 | 4 Years 8 Months | Current |
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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 |
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Hemant Nerurkar Madhusudan
Also directs:
Raghav Productivity Enhancers Limited, Igarashi Motors India Limited, Adani Energy Solutions Limited and 4 more
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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 15.00% YoY) for FY 2025.
Ten-year financial statements for Trust Asset Management Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Trust Asset Management Private Limited
Shareholding and ownership data for Trust Asset Management Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
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 and EPFO history for Trust Asset Management Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Trust Asset Management Private Limited
GST registrations and filing compliance for Trust Asset Management Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Trust Asset Management Private Limited
Credit ratings, litigation, and regulatory alerts for Trust Asset Management Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- 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 Trust Asset Management Private Limited
MSME payment history for Trust Asset Management Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Trust Asset Management Private Limited
Corporate group structure for Trust Asset Management Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Trust Asset Management Private Limited
MCA filings and documents for Trust Asset Management Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
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 and KMP of Trust Asset Management Private Limited are:
- Utpal Hemendra Sheth - Director
- Nipa Utpal Sheth - Director
- Sandeep Bagla - Ceo
- Rajeev Krishnamuralilal Agarwal - Director
- Hemant Nerurkar Madhusudan - Director
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.