About Trustwave Securities Limited
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Trustwave Securities Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 21 November 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L65990MH1983PLC031384. Its GSTIN is 27AAACS7359F2Z5 (Maharashtra). The company holds 2 GST registrations, of which 1 is active. Its shares are listed on BSE: 508963.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹32.69 Lakh. It was formerly known as Sterling Lease Finance Limited. It is led by directors including Naliny Deepak Kharwad (Managing Director) and Himanshu Agarwal.
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 702 7th Floor Neelkanth Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹15.58 Lakh, a growth of 63.86% compared to the previous year.
The company is associated with 1 brand: Sterling Guaranty & Finance. As per MCA filings, the company has satisfied charges of ₹3.72 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sterlingguaranty.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressB – 702 7th Floor Neelkanth Business Park, Kirol Village Near Bus Depot Vidyavihar (W), Mumbai, Maharashtra, India – 400086
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- 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
- One PDF report, delivered after checkout
Associated Brands with Trustwave Securities Limited
Trustwave Securities operates one associated brand: Sterling Guaranty & Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Assets and investments are managed by the firm in India. | sterlingguaranty.com |
Competitors & Alternatives of Trustwave Securities Limited
Brands and companies operating in the same space as Trustwave Securities 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 | 1946 |
 UTI Mutual Fund | Mutual funds, portfolio management, and retirement planning services are offered. | Mumbai, India | 2001 |
 Goldman Sachs | Investment banking services are delivered across multiple financial sectors. | New York, United States | 1869 |
 S&P Global | Platform offering business intelligence solutions that combine data and actionable analytics for clients | New York, United States | 1917 |
 Sundaram Finance | Provider of consumer & SME loans and equipment & vehicle leasing services | Chennai, India | 1954 |
 Bank of America | Commercial banking and asset management services are offered worldwide. | Charlotte, United States | 1904 |
 State Street | Financial services are provided to asset managers worldwide. | Boston, United States | |
 FIS | Software suites for banks and financial institutions are provided. | Jacksonville, United States | 1968 |
 Avendus | Corporate advisory and investment services are provided to clients. | Mumbai, India | 1999 |
 360 One | Asset and wealth management software is provided for businesses. | Mumbai, India | 2008 |
Business Activity of Trustwave Securities Limited
Trustwave Securities operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Financial and insurance Service | Locked | Other financial activities | Locked |
Detailed business activity records
Activity codes and each activity's share of turnover are in the company report.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Auditor Details of Trustwave Securities Limited
Trustwave Securities Limited is audited by J H BHANDARIU & CO. for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J H BHANDARIU & CO. | 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.
Board of Directors of Trustwave Securities Limited
Trustwave Securities has 4 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanshu Agarwal | Director | 21 Oct 2024 | 1 Years 11 Months | Current |
| Naliny Deepak Kharwad | Managing Director | 26 Feb 2024 | 2 Years 7 Months | Current |
| Deepak Babulal Kharwad Also directs: Slesha Commercial Limited, Vishaka Management Advisors LLP, Trivia Advisors LLP and 5 more | Director | 26 Feb 2024 | 2 Years 7 Months | Current |
| Nilesh Harkesh Yadav | Director | 26 Feb 2024 | 2 Years 7 Months | Current |
Financials of Trustwave Securities Limited FY 2025 filings available
Trustwave Securities Limited reported revenue of ₹15.58 Lakh (up 63.86% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Trustwave Securities Limited
Revenue rose 63.86% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Trustwave Securities Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹15.58 Lakh | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Trustwave Securities Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Trustwave 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.
Ownership and Shareholding of Trustwave Securities 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 Trustwave Securities Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Aug 2002 | Indistock Securities Ltd | ₹25 Lakh | Satisfied |
| 13 Aug 1998 | Industrial Finance Corporation of India | ₹9.88 Lakh | Satisfied |
| 30 Mar 1998 | Industrial Finance Corporation of India | ₹7.54 Lakh | Satisfied |
| 01 Nov 1995 | Housing Development Finance Corporation Ltd | ₹25 Lakh | Satisfied |
| 24 Nov 1993 | The Lakshmi Vilas Bank Ltd | ₹50 Lakh | Satisfied |
Total charge records: 18 View all charges
Employees and EPFO Compliance at Trustwave Securities Limited
Employment history and EPFO contributions of people linked to Trustwave 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.
GST Compliance of Trustwave Securities Limited
Trustwave Securities has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS7359F2Z5 | Maharashtra | Active | 01 Dec 2017 |
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.
Legal Cases of Trustwave Securities Limited
Trustwave Securities Limited has 2 court cases on record: 1 filed by Trustwave Securities, 1 filed against it. All cases are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by an individual | Disposed |
| High Court of Gujarat | Court case (AO) | Filed by the company against an individual | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Credit Ratings, Litigation & Regulatory Alerts for Trustwave Securities 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 Trustwave Securities 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 Trustwave Securities 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.
MCA Filings & Documents of Trustwave Securities 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.
Recent Activity on Trustwave Securities Limited
Recent News on Trustwave Securities Limited
Frequently Asked Questions about Trustwave Securities Limited
Trustwave Securities is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 21 November 1983 (43+ years old) and is registered under CIN L65990MH1983PLC031384. Listed on BSE: 508963.
Trustwave Securities reported revenue of ₹15.58 Lakh for FY 2023 (up 63.86% YoY).
Trustwave Securities has 4 current directors:
- Naliny Deepak Kharwad - Managing Director
- Himanshu Agarwal - Director
- Deepak Babulal Kharwad - Director
- Nilesh Harkesh Yadav - Director
The GSTIN of Trustwave Securities is 27AAACS7359F2Z5, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Trustwave Securities is L65990MH1983PLC031384. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Trustwave Securities is listed on BSE with code 508963.
Trustwave Securities has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the high courts.
Trustwave Securities was incorporated on 21 November 1983, making it 43+ years old. It is registered with the Registrar of Companies, Mumbai.
Trustwave Securities can be reached through the website sterlingguaranty.com. Its registered office is in Mumbai, Maharashtra, India.