India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,427 Prashant Jhawar & family ₹1,500 Cr
Revenue · FY 2025
₹10.23 Cr
▲ 33% YoY
Net profit · FY 2025
₹21.84 Cr
Net margin 213.4%
EBITDA · FY 2025
₹6.03 Cr
EBITDA margin 58.9%
Authorised capital
₹7.5 Cr
Registered with MCA
Paid-up capital
₹5.74 Cr
Issued & subscribed
Open charges
₹87.55 Cr
Satisfied ₹6,843 Cr
Company age
44 yrs
Est. 1982
Directors on board
4
As per MCA filings
About Usha Martin Ventures Limited
Data last updated:
Usha Martin Ventures Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 08 December 1982 and has been in existence for over 44 years.
Its director Prashant Jhawar and family are #1,427 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U65993WB1982PLC035530. Its GSTIN is 19AAACU3843J1Z3 (West Bengal).
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹5.74 Cr. It is led by directors including Prashant Jhawar and Ravindra Kumar Goenka.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Godrej Waterside Tower – 2 Room No:1206 12th Floor Block – Dp Sector – V Saltlake City, Kolkata, West Bengal, India – 700091.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.23 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹21.84 Cr (net margin 213.4%) and EBITDA of ₹6.03 Cr (EBITDA margin 58.9%). Revenue has grown at a compounded annual rate (CAGR) of 104% over three years and 29% over five years.
As per MCA filings, the company has open charges of ₹87.55 Cr and satisfied charges of ₹6,843 Cr on record. Court records list 12 cases involving the company, including 7 filed by the company and 5 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 ushamartintech.com.
Company details
CIN U65993WB1982PLC035530
Registration Number 035530
Incorporation Date 08 December 1982
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
CIN history
Usha Martin Ventures has one previous CIN (Corporate Identification Number): U99999WB1982PLC035530. The current CIN is U65993WB1982PLC035530, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65993WB1982PLC035530 | Current |
| U99999WB1982PLC035530 | Previous |
Recognitions & Rankings of Usha Martin Ventures
Contact details
Usha Martin Ventures Limited's registered office is in Kolkata, West Bengal. Its website is ushamartintech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGodrej Waterside Tower – 2 Room No:1206 12th Floor Block – Dp Sector – V Saltlake City, Kolkata, West Bengal, India – 700091
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Usha Martin Ventures Limited, buy the company report.
Comprehensive company report
Usha Martin Ventures Limited - one report that includes everything
- 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
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Business activity
The main business activity of Usha Martin Ventures 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 Usha Martin Ventures Limited, buy the company report.
Financials of Usha Martin Ventures Limited
FY 2024 filings availableUsha Martin Ventures Limited reported revenue of ₹10.23 Cr (up 33% YoY) for FY 2025.
Revenue · FY 2025
₹10.23 Cr ▲ 33%
Net profit · FY 2025
₹21.84 Cr margin 213.4%
EBITDA · FY 2025
₹6.03 Cr margin 58.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 104%
5 years · compounded
▲ 29%
EBITDA CAGR growth
1 year
▼ 12%
3 years · compounded
▲ 98%
5 years · compounded
▲ 22%
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 33% growth in the latest year. EBITDA fell 12% 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 | ₹6.03 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹21.84 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 | 58.9% | ||||
| Net Profit Margin | 213.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Usha Martin Ventures Limited, buy the company report.
Board of directors of Usha Martin Ventures Limited
Usha Martin Ventures has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Jhawar Also directs: Usha Martin Education & Solutions Limited, Peterhouse Investments India Limited, Usha Breco Limited and 5 more | Director | 10 Feb 2016 | 10 Years 8 Months | Current |
| Ravindra Kumar Goenka Also directs: Usha Breco Limited, Usha Breco Education Infrastructure Limited, Excellion Realty Private Limited and 3 more | Director | 08 Aug 2011 | 15 Years 2 Months | Current |
| Apurv Jhawar Also directs: Peterhouse Investments India Limited, Usha Breco Limited, Redtech Network India Private Limited and 3 more | Director | 10 Feb 2016 | 10 Years 8 Months | Current |
| Debjit Bhattacharya Also directs: Peterhouse Investments India Limited, Redtech Network India Private Limited, Jhawar Venture Management Private Limited and 5 more | Director | 21 Nov 2016 | 9 Years 11 Months | Current |
Auditor
Usha Martin Ventures Limited is audited by VINOD S AGARWAL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINOD S AGARWAL & ASSOCIATES | FY 2023 | 326629E |
Shareholding
The shareholding of Usha Martin Ventures Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Usha Martin Ventures Limited, buy the company report.
Charges & borrowings
Open charges
₹87.55 Cr
Satisfied charges
₹6,843 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2021 | 100496967 | Others | ₹82.55 Cr | Open | |
| 19 Dec 2019 | 100311445 | Others | ₹5 Cr | Open | |
| 02 May 2017 | 100100201 | State Bank of India | ₹6,798 Cr | Satisfied | |
| 16 Apr 2007 | 10052489 | Cholamandalam Dbs Finance Limited | ₹5 Cr | Satisfied | |
| 29 Dec 2005 | 80020323 | Housing Development Finance Corporation Limited | ₹40 Cr | Satisfied |
To see the full charge records of Usha Martin Ventures Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Usha Martin Ventures Limited has 12 court cases on record: 7 filed by Usha Martin Ventures, 5 filed against it. 1 case is pending and 11 are disposed.
Total cases
12
Filed by the company
7
Filed against the company
5
Pending
1
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 4 | 0 |
| District courts | 5 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (MARJI) | Filed by the company against Axis Space Developers, | Disposed |
| High Court | Court case (ITAT) | Filed against the company by Principal Commissioner of Income Tax 2 Kolkata | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (M Appeal) | Filed by the company against Axis Space Developers | Disposed |
| High Court | Court case (ITAT) | Filed against the company by Principal Commissioner of Income Tax - 2, Kolkata | Disposed |
To see the full case history of Usha Martin Ventures 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 Usha Martin Ventures Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Usha Martin Ventures has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
GST
Usha Martin Ventures has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACU3843J1Z3 | West Bengal | Active | 06 Apr 2021 |
To see the full GST registrations and return filing status of Usha Martin Ventures Limited, buy the company report.
Recent activity
Usha Martin Ventures Limited has 17 board changes on record since 2007: 4 appointments and 13 cessations. The latest: Debjit Bhattacharya ceased to be Additional Director on 29 Sep 2017.
AGM
Usha Martin Ventures Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Usha Martin Ventures Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
Charges
A charge registered on 02 May 2017 via Charge ID 100100201 with State Bank Of India was fully satisfied on 16 May 2023.
Charges
A charge with Others amounted to Rs. 82.55 Cr with Charge ID 100496967 was registered on 23 Oct 2021.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100311445 was registered on 19 Dec 2019.
Ceased
Debjit Bhattacharya ceased to be Additional Director.
Charges
A charge with State Bank Of India amounted to Rs. 6,798.00 Cr with Charge ID 100100201 was registered on 02 May 2017.
Ceased
Jodh Raj Laddha ceased to be Director.
Appointed
Debjit Bhattacharya was appointed as Director.
Ceased
Anupama Jhawar ceased to be Additional Director.
Ceased
Apurv Jhawar ceased to be Additional Director.
Ceased
Prashant Jhawar ceased to be Additional Director.
17 earlier events are in the company report.
Frequently asked questions
Usha Martin Ventures is an active public limited company based in Kolkata, West Bengal, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 08 December 1982 (44+ years old) and is registered under CIN U65993WB1982PLC035530.
Usha Martin Ventures has 4 current directors:
- Prashant Jhawar - Director
- Ravindra Kumar Goenka - Director
- Apurv Jhawar - Director
- Debjit Bhattacharya - Director
The latest financial statements of Usha Martin Ventures on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Usha Martin Ventures is 19AAACU3843J1Z3, registered in West Bengal.
The CIN (Corporate Identification Number) of Usha Martin Ventures is U65993WB1982PLC035530. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Usha Martin Ventures has 12 court cases on record: 7 filed by the company and 5 filed against it. 1 is pending. Most are in the high courts.
Usha Martin Ventures was incorporated on 08 December 1982, making it 44+ years old. It is registered with the Registrar of Companies, Kolkata.
Debjit Bhattacharya ceased to be Additional Director on 29 Sep 2017. Jodh Raj Laddha ceased to be Director on 02 Feb 2017. Debjit Bhattacharya was appointed as Director on 21 Nov 2016. Usha Martin Ventures has 17 board changes on record in total.
Usha Martin Ventures can be reached through the website ushamartintech.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Usha Martin Ventures is at Godrej Waterside Tower – 2 Room No:1206 12th Floor Block – Dp Sector – V Saltlake City, Kolkata, West Bengal, India – 700091.