Trustwave Securities Limited - Company Profile

Q: Who are the current directors of Trustwave Securities Limited?

The current directors of Trustwave Securities Limited are Naliny Deepak Kharwad, Nilesh Harkesh Yadav, Himanshu Agarwal, Deepak Babulal Kharwad, Shubham Arvind Kumar Jain, Reet Phulwani.

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 1983.

1983 Mumbai, Maharashtra, India Active

Last Updated: December 23, 2025

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About Trustwave Securities Limited

Trustwave Securities Limited, a active public limited company, was established on 21 November 1983 in Mumbai, Maharashtra, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: L65990MH1983PLC031384. Registered under ROC Roc Mumbai. it is listed on BSE: 508963. It has an authorized capital of ₹7.00 Cr and a paid-up capital of ₹6.54 Cr.

Formerly known as Sterling Lease Finance Limited. It upholds a compliant status. Its leadership includes Naliny Deepak Kharwad (Managing Director), Nilesh Harkesh Yadav (Director), Himanshu Agarwal (Director). Past directors included Mahendra Kikalal Gandhi, Naliny Deepak Kharwad, Sunil Kumar Jangir. It holds no open charges and ₹3.72 Cr settled loans. Its latest AGM occurred on 18 September 2025, with the balance sheet filed on 31 March 2025. It is based at B-702, 7Th Floor, Neelkanth Business Park,, Kirol Village, Near Bus Depot, Vidyavihar (W),, Mumbai, Maharashtra, 400086.

Company Details

CIN/LLPIN
L65990MH1983PLC031384
Registration Number
031384
Incorporation Date
21 November 1983
Authorized Capital
₹7.00 Cr
Paid-Up Capital
₹6.54 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 508963)
Company Status
Active

Key Metrics

Authorised Capital ₹ 7.00 Cr as on 23-12-2025
Paid Up Capital ₹ 6.54 Cr as on 23-12-2025
Company Age 42 Year, 2 Months
Last Filing with ROC 31 Mar 2025
Satisfied Charges ₹ 3.72 Cr as on 23-12-2025
Revenue Growth **** 63.86% (FY 2023)
Profit Growth **** 184.49% (FY 2023)
Ebitda **** 197.66% (FY 2023)
Net Worth 30.63% (FY 2023)
Total Assets -3.94% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Trustwave Securities 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 Trustwave Securities Limited?

Current Directors

Name	Designation	Appointment Date	Status
Naliny Deepak Kharwad	Managing Director	26 Feb 2024	Current
Nilesh Harkesh Yadav	Director	26 Feb 2024	Current
Himanshu Agarwal	Director	21 Oct 2024	Current
Deepak Babulal Kharwad	Director	26 Feb 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Manager	21 Jul 2010	Past
Pramod Abcsdd	Additional Director	14 Apr 2024	Past
Pramod Abcsdd	Director	28 Dec 2018	Past
Pramod Abcsdd	Company Secretary	-	Past
Pramod Abcsdd	Ceo	-	Past
Pramod Abcsdd	Cfo	-	Past

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Financial Performance of Trustwave Securities.

Trustwave Securities Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 63.86% increase. The company also saw a substantial improvement in profitability, with a 184.49% increase in profit. The company's net worth Soared by an impressive increase of 30.63%.

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

********

63.86%

*******

Revenue from Operations

*******

64.03%

*******

Total Assets

*******

-3.94%

*******

Profit or Loss

*******

184.49%

*******

Net Worth

*******

30.63%

*******

EBITDA

*******

197.66%

*******

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What is the Ownership and Shareholding Structure of Trustwave Securities?

In 2023, Trustwave Securities had a promoter holding of 47.69% and a public holding of 52.31%. 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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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹37,159,729.00

Charges Breakdown by Lending Institutions

Dena Bank : 1.00 Cr
Industrial Finance Corporation Of India : 0.70 Cr
The Lakshmi Vilas Bank Ltd : 0.50 Cr
Housing Development Finance Corporation Ltd : 0.31 Cr
Citibank : 0.30 Cr
Others : 0.91 Cr

Latest Charge Details

Date	Lender	Amount	Status
02 Aug 2002	Indistock Securities Ltd	₹2.50 M	Satisfied
13 Aug 1998	Industrial Finance Corporation Of India	₹0.99 M	Satisfied
30 Mar 1998	Industrial Finance Corporation Of India	₹0.75 M	Satisfied
01 Nov 1995	Housing Development Finance Corporation Ltd	₹2.50 M	Satisfied
24 Nov 1993	The Lakshmi Vilas Bank Ltd	₹5.00 M	Satisfied

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How Many Employees Work at Trustwave Securities?

Unlock and access historical data on people associated with Trustwave Securities, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

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 Trustwave Securities, 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 Trustwave Securities'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 Trustwave Securities

Recent Activity within the Organization

Annual General Meeting

The activity Trustwave Securities Limited last Annual general meeting of members was held on 18 Sep 2025 as per latest MCA records. was completed.
18 Sep 2025
Balance Sheet

The activity Trustwave Securities Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was completed.
31 Mar 2025
Director Appointment

Himanshu Agarwal was appointed as a Director was appointed as a Director on 21 Oct 2024 & has been associated with this company since 1 year 3 months . was recorded as a recent event.
21 Oct 2024
Director Appointment

The activity Shubham Arvind Kumar Jain was appointed as a Cfo was appointed as a Cfo on 19 Apr 2024 & has been associated with this company since 1 year 9 months . was completed.
19 Apr 2024
Director Appointment

The activity Naliny Deepak Kharwad was appointed as a Managing Director was appointed as a Managing Director on 26 Feb 2024 & has been associated with this company since 1 year 11 months . was completed.
26 Feb 2024
Director Appointment

The activity Nilesh Harkesh Yadav was appointed as a Director was appointed as a Director on 26 Feb 2024 & has been associated with this company since 1 year 11 months . was completed.
26 Feb 2024

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