About Tulsian PMS Limited
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Tulsian PMS Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the portfolio management services segment of the financial services sector. It was incorporated on 29 October 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH1991PLC063823. Its GSTIN is 27AAACN1893M1Z1 (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.33 Cr. It was formerly known as Narmada Appliances Private Limited. It is led by directors including Abhinandan Shashikant Tulsian (Managing Director) and Shivani Sudhanshu Dani.
Its last annual general meeting (AGM) was held on 16 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹6.79 Cr, a decline of 86% compared to the previous year. For the same year it recorded a net profit of ₹3.22 Cr (net margin 47.4%) and EBITDA of ₹4.16 Cr (EBITDA margin 61.3%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 31% over five years.
The company is associated with 1 brand: Tulsian PMS. As per MCA filings, the company has open charges of ₹9 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tulsianpms.com.
Company details
CIN history
Tulsian PMS has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74110MH1991PLC063823, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH1991PLC063823 | Current |
| U74110MH1991PTC063823 | Previous |
| U27300MH1991PTC063823 | Previous |
Contact details
Tulsian PMS Limited's registered office is in Mumbai, Maharashtra. Its website is tulsianpms.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 504 A Wing Kohinoor Square Building, Nc Kelkar Road Dadar (West), Mumbai, Maharashtra, India – 400028
- IndustryFinancial Services, Portfolio Management Services
To see the full contact details of Tulsian PMS 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
Brands
Tulsian PMS operates one associated brand: Tulsian PMS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides customized portfolio management and investment solutions. | tulsianpms.com |
Business activity
The main business activity of Tulsian PMS is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Tulsian PMS Limited, buy the company report.
Financials of Tulsian PMS Limited
FY 2025 filings availableTulsian PMS Limited reported revenue of ₹6.79 Cr (down 86% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue fell 86% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 31%. EBITDA rose 131% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹4.16 Cr | ||||
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| Net Profit (PAT) | ₹3.22 Cr | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 61.3% | ||||
| Net Profit Margin | 47.4% | ||||
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To see the full financial statements and ratios of Tulsian PMS Limited, buy the company report.
Board of directors of Tulsian PMS Limited
Tulsian PMS has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhinandan Shashikant Tulsian Also directs: Tulsian AI Private Limited, Marketbuddy Investor Services Private Limited, Tulsian Technologies Private Limited and 2 more | Managing Director | 26 Jun 2017 | 9 Years 4 Months | Current |
| Shivani Sudhanshu Dani Also directs: Nasik Finance Pvt Ltd, Money Bee Institute Private Limited, Indigrow Fintech Private Limited and 1 more | Director | 21 Oct 2023 | 3 Years 0 Months | Current |
| Shashikant Parmanand Tulsian Also directs: Tulsian AI Private Limited, Marketbuddy Investor Services Private Limited, Tulsian Technologies Private Limited and 2 more | Director | 29 Oct 1991 | 35 Years 0 Months | Current |
Peer comparison
Tulsian PMS Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Portfolio Managers), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ambit Investment Advisors Private Limited | ₹58.11 Cr (FY 2025) | 26.0% | Mumbai, Maharashtra, India | |||
| Two X Capital Management Private Limited | ₹45.99 Cr (FY 2024) | Indore, Madhya Pradesh, India | ||||
| Parag Parikh Financial Advisory Services Limited | ₹45.63 Cr (FY 2025) | -84.0% | Mumbai, Maharashtra, India | |||
| Tulsian PMS Limitedthis company | ₹6.79 Cr (FY 2026) | ₹3.22 Cr | 47.4% | -86.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Tulsian PMS Limited, buy the company report.
Auditor
Tulsian PMS Limited is audited by BILIMORIA MEHTA & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BILIMORIA MEHTA & CO | FY 2024 | 101490W |
Shareholding
The shareholding of Tulsian PMS 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 Tulsian PMS Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2024 | 100890503 | Others | ₹9 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Tulsian PMS Limited has 2 court cases on record: 1 filed by Tulsian PMS, 1 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (S) | Filed by the company against Icici Prudential Life Insurance Company Limited and 1 other | Pending |
| Bombay High Court | Court case (CHOL) | Filed against the company by an individual | Disposed |
To see the full case history of Tulsian PMS 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
No delayed payments to MSME suppliers are on our record for Tulsian PMS Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tulsian PMS has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN1893M1Z1 | Maharashtra | Active | 27 Sep 2017 |
To see the full GST registrations and return filing status of Tulsian PMS Limited, buy the company report.
Recent activity
Tulsian PMS Limited has 11 board changes on record since 1991: 3 appointments and 8 cessations. The latest: Shashikant Parmanand Tulsian ceased to be Director on 09 Jan 2025.
3 earlier events are in the company report.
Frequently asked questions
Tulsian PMS is an active public limited company based in Mumbai, Maharashtra, India. The company works in portfolio management services, within the financial services industry. It was incorporated on 29 October 1991 (35+ years old) and is registered under CIN U74110MH1991PLC063823.
Tulsian PMS has 3 current directors:
- Abhinandan Shashikant Tulsian - Managing Director
- Shivani Sudhanshu Dani - Director
- Shashikant Parmanand Tulsian - Director
The latest financial statements of Tulsian PMS on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Tulsian PMS is 27AAACN1893M1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Tulsian PMS is U74110MH1991PLC063823. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tulsian PMS has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending.
Tulsian PMS was incorporated on 29 October 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Tulsian PMS by revenue are Ambit Investment Advisors Private Limited, Two X Capital Management Private Limited, Parag Parikh Financial Advisory Services Limited, all in the BFSI industry (Portfolio Managers), with the same principal business activity (other financial activities).
Shashikant Parmanand Tulsian ceased to be Director on 09 Jan 2025. Bhargava Kaushik Vatsaraj ceased to be Additional Director on 21 Oct 2023. Sanjay Dattatray Panse ceased to be Additional Director on 21 Oct 2023. Tulsian PMS has 11 board changes on record in total.
Tulsian PMS can be reached through the website tulsianpms.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Tulsian PMS is at A – 504 A Wing Kohinoor Square Building, Nc Kelkar Road Dadar West, Mumbai, Maharashtra, India – 400028.
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