About Trustplutus Wealth (India) Private Limited
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Trustplutus Wealth (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the portfolio management services segment of the financial services sector. It was incorporated on 31 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65991MH2010PTC206150. Its GSTIN is 27AADCT5619C1ZH (Maharashtra). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹13.4 Cr and a paid-up capital of ₹3.4 Cr. It was formerly known as Trust-Plutus Wealth Managers ( India) Private Limited and Trust Wealth Advisors Private Limited. It is led by directors including Sameer Kaul (Managing Director) and Utpal Hemendra Sheth.
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 108 1st Floor Balarama Premises Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹33.07 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net loss of ₹4.01 Cr (net margin -12.1%) and EBITDA of -₹2.75 Cr (EBITDA margin -8.3%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 13% over five years.
Its group structure includes 1 subsidiary.
Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending. The company has 13 deals on record (7 secondary share transfers, 5 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹55.72 Cr; the latest was in August 2025. Its 4 peer companies in the BFSI industry (Portfolio Managers), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 4 larger; the largest is Alfaccurate Advisors Private Limited with revenue of ₹36.96 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website trustplutus.com.
Company details
Name history
Trustplutus Wealth (India) has undergone 2 name changes throughout its history. The company was previously known as Trust-Plutus Wealth Managers ( India) Private Limited, and Trust Wealth Advisors Private Limited. The current legal name is Trustplutus Wealth (India) Private Limited.
| Company Name | Status |
|---|---|
| Trustplutus Wealth (India) Private Limited | Current |
| Trust-Plutus Wealth Managers ( India) Private Limited | Previous |
| Trust Wealth Advisors Private Limited | Previous |
Contact details
Trustplutus Wealth (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is trustplutus.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address108 1st Floor Balarama Premises Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Portfolio Management Services
To see the full contact details of Trustplutus Wealth (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
Business activity
The main business activity of Trustplutus Wealth (India) is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| 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 |
To see the full business activity and turnover split of Trustplutus Wealth (India) Private Limited, buy the company report.
Financials of Trustplutus Wealth (India) Private Limited
FY 2025 filings availableTrustplutus Wealth (India) Private Limited reported revenue of ₹33.07 Cr (up 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 24% growth in the latest year. EBITDA rose 40% 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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| EBITDA | -₹2.75 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.01 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 | -8.3% | ||||
| Net Profit Margin | -12.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Trustplutus Wealth (India) Private Limited, buy the company report.
Board of directors of Trustplutus Wealth (India) Private Limited
Trustplutus Wealth (India) has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Utpal Hemendra Sheth Also directs: Chanakya Value Creation LLP, Zen Superstructure LLP, Relativity Investment Advisors LLP and 5 more | Director | 31 Jul 2010 | 16 Years 3 Months | Current |
| Nipa Utpal Sheth | Director | 31 Jul 2010 | 16 Years 3 Months | Current |
| Sameer Kaul | Managing Director | 01 Jan 2019 | 7 Years 10 Months | Current |
Peer comparison
Trustplutus Wealth (India) Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Portfolio Managers), 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 |
|---|---|---|---|---|---|---|
| Alfaccurate Advisors Private Limited | ₹36.96 Cr (FY 2024) | 46.0% | Mumbai, Maharashtra, India | |||
| A D Naik Wealth Private Limited | ₹36.32 Cr (FY 2025) | 36.0% | Mumbai, Maharashtra, India | |||
| Care Portfolio Managers Private Limited | ₹35.5 Cr (FY 2025) | 48.0% | Mumbai, Maharashtra, India | |||
| Jain Investment Advisors Private Limited | ₹35.07 Cr (FY 2025) | 83.0% | Mumbai, Maharashtra, India | |||
| Trustplutus Wealth (India) Private Limitedthis company | ₹33.07 Cr (FY 2025) | -₹4.01 Cr | -12.1% | 24.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Trustplutus Wealth (India) Private Limited, buy the company report.
Auditor
Trustplutus Wealth (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 Trustplutus Wealth (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 Trustplutus Wealth (India) Private Limited, buy the company report.
Deals & funding
Trustplutus Wealth (India) Private Limited has 13 deals on record (7 secondary share transfers, 5 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹55.72 Cr; the latest was in August 2025.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2025 | Funding round | ₹1.25 Cr | Investors: an individual |
| Aug 2024 | Funding round | ₹1.05 Cr | Investors: an individual |
| Mar 2024 | Funding round | ₹2.65 Cr | Investors: Trust Capital |
| Apr 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Trust Capital Seller: an individual |
To see the full deal history of Trustplutus Wealth (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
Trustplutus Wealth (India) Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Trustplutus Wealth (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
Trustplutus Wealth (India) Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Logix Infosecurity Private Limited | |||
| First Advantage Private Limited |
To see the full MSME payment records of Trustplutus Wealth (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Trustplutus Wealth (India) 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 |
|---|---|---|
| Trustplutus Family Office & Investment Advisers (India) Private Limited | U65923MH2013PTC245798 |
To see the full group structure of Trustplutus Wealth (India) Private Limited, buy the company report.
GST
Trustplutus Wealth (India) has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCT5619C1ZH | Maharashtra | Active | 01 Jul 2017 |
| 19AADCT5619C1ZE | West Bengal | Active | 01 Jul 2017 |
| 24AADCT5619C1ZN | Gujarat | Active | 01 Jul 2017 |
| 29AADCT5619C1ZD | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Trustplutus Wealth (India) Private Limited, buy the company report.
Recent activity
Trustplutus Wealth (India) Private Limited has 5 board changes on record since 2010: 3 appointments and 2 cessations. The latest: Rajendra Kalur ceased to be Director on 08 Jan 2019.
Frequently asked questions
Trustplutus Wealth (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in portfolio management services, within the financial services industry. It was incorporated on 31 July 2010 (16+ years old) and is registered under CIN U65991MH2010PTC206150.
Trustplutus Wealth (India) has 3 current directors:
- Sameer Kaul - Managing Director
- Utpal Hemendra Sheth - Director
- Nipa Utpal Sheth - Director
The latest financial statements of Trustplutus Wealth (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Trustplutus Wealth (India) is 27AADCT5619C1ZH, registered in Maharashtra. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 19AADCT5619C1ZE (West Bengal), 24AADCT5619C1ZN (Gujarat), 29AADCT5619C1ZD (Karnataka).
The CIN (Corporate Identification Number) of Trustplutus Wealth (India) is U65991MH2010PTC206150. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Trustplutus Wealth (India) has 2 court cases on record: 2 filed against it. 2 are pending.
Trustplutus Wealth (India) was incorporated on 31 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Trustplutus Wealth (India) has 13 deals on record (7 secondary share transfers, 5 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹55.72 Cr; the latest was in August 2025.
The peers of Trustplutus Wealth (India) by revenue are Alfaccurate Advisors Private Limited, A D Naik Wealth Private Limited, Care Portfolio Managers Private Limited, Jain Investment Advisors Private Limited, all in the BFSI industry (Portfolio Managers), with the same principal business activity (financial advisory, brokerage and consultancy services).
Rajendra Kalur ceased to be Director on 08 Jan 2019. Sameer Kaul was appointed as Managing Director on 01 Jan 2019. Sameer Kaul ceased to be Additional Director on 01 Jan 2019. Trustplutus Wealth (India) has 5 board changes on record in total.
Trustplutus Wealth (India) has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 02 Jul 2020.
Trustplutus Wealth (India) can be reached through the website trustplutus.com. Its registered office is in Mumbai, Maharashtra, India.
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