About Turtle Wealth Management Private Limited
Data last updated:
Turtle Wealth Management Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 23 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ2012PTC070039. Its GSTIN is 24AAECT2427K1ZD (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2.52 Cr and a paid-up capital of ₹1.06 Lakh. It was formerly known as Turtle Capital Private Limited. It is led by directors including Rohan Niranjan Mehta and Hardik Mahendrabhai Gandhi.
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 Surat, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.02 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹2.38 Cr (net margin 33.9%) and EBITDA of ₹4.05 Cr (EBITDA margin 57.6%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 74% over five years.
The company is associated with 1 brand: Turtle Wealth. As per MCA filings, the company has satisfied charges of ₹47.44 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website turtlewealth.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOffice No 1001 Rajhans Montessa, Near Tgb Magdalla Road, Surat, Gujarat, India – 395007
- IndustryFinancial Services, Brokerage & Trading Services, Portfolio Management Services
- 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
Business Activity of Turtle Wealth Management Private Limited
The main business activity of Turtle Wealth Management is financial and insurance service. In detail, this covers 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
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Turtle Wealth Management Private Limited FY 2025 filings available
Turtle Wealth Management Private Limited reported revenue of ₹7.02 Cr (up 31% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Turtle Wealth Management Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 74% over five years, including 31% growth in the latest year. EBITDA rose 23% 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 of Turtle Wealth Management Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹7.02 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹4.05 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.38 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Turtle Wealth Management Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 57.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 33.9% | •••• | •••• | •••• | •••• |
| 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 Turtle Wealth Management 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.
Peer Comparison of Turtle Wealth Management Private Limited
Turtle Wealth Management Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Portfolio Managers, Wealth Management). Its own revenue is ₹7.02 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Steptrade Capital Private Limited | ₹7.85 Cr | •••• | •••• | •••• | - | Ahmadabad City, Gujarat, India |
| Astute Investment Management Private Limited | ₹7.79 Cr | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Westbridge Capital India Advisors Private Limited | ₹7.57 Cr | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Recon Asset Portfolio Management Private Limited | ₹7.55 Cr | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| NK Kothari Finserve Private Limited | ₹7.47 Cr | •••• | •••• | •••• | 35 | Jaipur, Rajasthan, India |
| Turtle Wealth Management Private Limited this company | ₹7.02 Cr | •••• | •••• | •••• | - | Surat, Gujarat, India |
| Association of Portfolio Managers in India | ₹6.93 Cr | •••• | •••• | •••• | - | Bandra, Maharashtra, India |
| Credent Asset Management Services Private Limited | ₹6.91 Cr | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Classic Wealth Management Services Private Limited | ₹6.83 Cr | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Moneybee Securities Private Limited | ₹6.35 Cr | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| 360 One Portfolio Managers Limited | ₹6.35 Cr | •••• | •••• | •••• | 68 | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Turtle Wealth Management by revenue in the BFSI industry (Portfolio Managers, Wealth Management), from the latest filed financials of each company. Net profit, margin and growth of each peer are in the company report.
Auditor Details of Turtle Wealth Management Private Limited
Turtle Wealth Management Private Limited is audited by N. N. SHAH & ASSOCIATES for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N. N. SHAH & ASSOCIATES | 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 Turtle Wealth Management Private Limited
Turtle Wealth Management 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 |
|---|---|---|---|---|
| Rohan Niranjan Mehta Also directs: Vin Charitable Foundation | Director | 25 Jan 2016 | 10 Years 8 Months | Current |
| Hardik Mahendrabhai Gandhi | Director | 23 Apr 2012 | 14 Years 5 Months | Current |
| Vibhati Rinkesh Gandhi | Director | 23 Apr 2012 | 14 Years 5 Months | Current |
Ownership and Shareholding of Turtle Wealth Management Private 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 Turtle Wealth Management Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 May 2021 | Others | ₹17.87 Lakh | Satisfied |
| 31 Aug 2019 | Others | ₹29.57 Lakh | Satisfied |
Total charge records: 2 View all charges
Associated Brands with Turtle Wealth Management Private Limited
Turtle Wealth Management operates one associated brand: Turtle Wealth. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides investment advisory and portfolio management using data-driven processes. | turtlewealth.in |
Employees and EPFO Compliance at Turtle Wealth Management Private Limited
Employment history and EPFO contributions of people linked to Turtle Wealth Management.
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.
News related to Turtle Wealth Management Private Limited
Recent Activity on Turtle Wealth Management Private Limited
Turtle Wealth Management Private Limited has 6 board changes on record since 2012: 3 appointments and 3 cessations. The latest: Hardik Dilipbhai Doshi ceased to be Director on 30 Apr 2024.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Turtle Wealth Management Private 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 Turtle Wealth Management Private 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 Turtle Wealth Management Private 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.
GST Compliance of Turtle Wealth Management Private Limited
Turtle Wealth Management has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECT2427K1ZD | Gujarat | Active | 01 Jul 2017 |
| 24AAEFN6077A1ZK | Gujarat | Active | 01 Jul 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.
MCA Filings & Documents of Turtle Wealth Management Private 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.
Frequently Asked Questions about Turtle Wealth Management Private Limited
Turtle Wealth Management is an active private limited company based in Surat, Gujarat, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 23 April 2012 (14+ years old) and is registered under CIN U67120GJ2012PTC070039.
Turtle Wealth Management reported revenue of ₹7.02 Cr for FY 2025 (up 31% YoY).
Turtle Wealth Management has 3 current directors:
- Rohan Niranjan Mehta - Director
- Hardik Mahendrabhai Gandhi - Director
- Vibhati Rinkesh Gandhi - Director
Turtle Wealth Management reported a net profit of ₹2.38 Cr (net margin 33.9%) and EBITDA of ₹4.05 Cr (EBITDA margin 57.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Turtle Wealth Management is 41% over three years and 74% over five years. In the latest year (FY 2025) revenue rose 31%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Turtle Wealth Management is 24AAECT2427K1ZD, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAEFN6077A1ZK (Gujarat).
The CIN (Corporate Identification Number) of Turtle Wealth Management is U67120GJ2012PTC070039. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Turtle Wealth Management was incorporated on 23 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Turtle Wealth Management by revenue are Steptrade Capital Private Limited, Astute Investment Management Private Limited, Westbridge Capital India Advisors Private Limited, Recon Asset Portfolio Management Private Limited, NK Kothari Finserve Private Limited and 5 more, all in the BFSI industry (Portfolio Managers, Wealth Management).
Hardik Dilipbhai Doshi ceased to be Director on 30 Apr 2024. Namrata Rohan Mehta ceased to be Director on 30 Apr 2024. Jigna Mihir Patel ceased to be Director on 25 Jan 2016. Turtle Wealth Management has 6 board changes on record in total.
Turtle Wealth Management can be reached through the website turtlewealth.in. Its registered office is in Surat, Gujarat, India.