About V B Desai Financial Services Ltd
Data last updated:
V B Desai Financial Services Ltd is a public limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 21 August 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L74120MH1985PLC037218. Its GSTIN is 27AAACV3460E1ZJ (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 511110.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.53 Cr. It is led by directors including Pradip Ratilal Shroff (Managing Director) and Hemendra Jitendra Shroff.
Its last annual general meeting (AGM) was held on 09 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Cama Building 1st Floor24/26 Dalal Street, Mumbai, Maharashtra, India – 400001.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹3.93 Cr, a growth of 19.1% compared to the previous year. For the same year it recorded a net profit of ₹87 Lakh (net margin 22.1%) and EBITDA of ₹1.17 Cr (EBITDA margin 29.8%). The net worth stands at ₹12.92 Cr (up 7.2% YoY). Total assets are valued at ₹13.2 Cr (up 7.1% YoY).
As per MCA filings, the company has open charges of ₹50 Lakh and satisfied charges of ₹1 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it. The company has 17 deals on record (17 market trades); the latest was in March 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vbdesai.com.
Company details
CIN history
V B Desai Financial Services has one previous CIN (Corporate Identification Number): U74120MH1985PLC037218. The current CIN is L74120MH1985PLC037218, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74120MH1985PLC037218 | Current |
| U74120MH1985PLC037218 | Previous |
Contact details
V B Desai Financial Services Ltd's registered office is in Mumbai, Maharashtra. Its website is vbdesai.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressCama Building 1st Floor24/26 Dalal Street, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of V B Desai Financial Services Ltd, 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
Business activity
The main business activity of V B Desai Financial Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of V B Desai Financial Services Ltd, buy the company report.
Financials of V B Desai Financial Services Ltd
FY 2025-26 filings availableV B Desai Financial Services Ltd reported revenue of ₹3.93 Cr (up 19.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3.93 | 3.30 | 3.30 | 2.77 | 2.81 | 2.14 | 2.59 |
| Revenue growth | +19.1% | 0.0% | +19.1% | -1.4% | +31.3% | -17.4% | - |
| EBITDA | 1.17 | 0.74 | 0.62 | 0.46 | 0.49 | 0.30 | 0.72 |
| EBITDA margin | +29.8% | +22.4% | +18.8% | +16.6% | +17.4% | +14.0% | +27.8% |
| Profit before tax | 1.17 | 0.77 | 0.62 | 0.45 | 0.48 | 0.31 | 0.70 |
| Net profit | 0.87 | 0.56 | 0.47 | 0.32 | 0.35 | 0.19 | 0.58 |
| Net profit margin | +22.1% | +17.0% | +14.2% | +11.6% | +12.5% | +8.9% | +22.4% |
| EPS (₹) | 1.91 | 1.23 | 1.03 | 0.68 | 0.79 | 0.43 | 1.30 |
| Balance sheet | |||||||
| Total assets | 13.20 | 12.32 | 11.49 | 11.05 | 10.89 | 10.63 | 10.44 |
| Net worth | 12.92 | 12.05 | 11.49 | 11.02 | 10.71 | 10.35 | 10.16 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 0.72 | 0.58 | 0.40 | 0.08 | 0.21 | 0.10 | 0.12 |
| Net working capital | 2.23 | 1.36 | 0.58 | 0.32 | 0.30 | 0.55 | 0.58 |
| Cash flow | |||||||
| Cash from operations | 0.26 | (8.31) | 0.32 | (0.13) | 0.44 | (0.02) | (0.07) |
| Cash from investing | (0.12) | 8.49 | 0.00 | 0.00 | (0.32) | 0.00 | 0.05 |
| Cash from financing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.08 | 0.62 | 0.57 | 0.68 | 0.96 | 0.71 | 0.62 | 0.73 |
| Revenue growth (YoY) | +12.5% | -12.7% | -8.1% | -6.9% | +24.7% | - | - | - |
| Other income | 0.27 | 0.27 | 0.28 | 0.28 | 0.27 | 0.28 | 0.12 | 0.05 |
| Total expenses | 0.93 | 0.62 | 0.54 | 0.64 | 0.96 | 0.68 | 0.58 | 0.65 |
| EBITDA | 0.15 | 0.00 | 0.03 | 0.04 | 0.00 | 0.03 | 0.04 | 0.08 |
| EBITDA margin | +13.9% | 0.0% | +5.3% | +5.9% | 0.0% | +4.2% | +6.5% | +11.0% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.42 | 0.27 | 0.31 | 0.32 | 0.27 | 0.31 | 0.16 | 0.13 |
| Tax | 0.13 | 0.07 | 0.08 | 0.08 | 0.07 | 0.11 | 0.02 | 0.03 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.08 | 0.62 | 0.57 | 0.68 | 0.96 | 0.71 | 0.62 | 0.73 |
| Revenue growth (YoY) | +12.5% | -12.7% | -8.1% | -6.9% | +24.7% | - | - | - |
| Other income | 0.27 | 0.27 | 0.28 | 0.28 | 0.27 | 0.28 | 0.12 | 0.05 |
| Total expenses | 0.93 | 0.62 | 0.54 | 0.64 | 0.96 | 0.68 | 0.58 | 0.65 |
| EBITDA | 0.15 | 0.00 | 0.03 | 0.04 | 0.00 | 0.03 | 0.04 | 0.08 |
| EBITDA margin | +13.9% | 0.0% | +5.3% | +5.9% | 0.0% | +4.2% | +6.5% | +11.0% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.42 | 0.27 | 0.31 | 0.32 | 0.27 | 0.31 | 0.16 | 0.13 |
| Tax | 0.13 | 0.07 | 0.08 | 0.08 | 0.07 | 0.11 | 0.02 | 0.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3.93 | 3.30 | 3.30 | 2.77 | 2.81 | 2.14 | 2.59 |
| Revenue growth | +19.1% | 0.0% | +19.1% | -1.4% | +31.3% | -17.4% | - |
| Other income | 0.01 | 0.03 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 |
| Total expenses | 2.76 | 2.56 | 2.68 | 2.31 | 2.32 | 1.84 | 1.87 |
| Employee cost | 0.53 | 0.48 | 0.47 | 0.46 | 0.43 | 0.35 | 0.37 |
| EBITDA | 1.17 | 0.74 | 0.62 | 0.46 | 0.49 | 0.30 | 0.72 |
| EBITDA margin | +29.8% | +22.4% | +18.8% | +16.6% | +17.4% | +14.0% | +27.8% |
| Depreciation | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1.17 | 0.77 | 0.62 | 0.45 | 0.48 | 0.31 | 0.70 |
| Tax | 0.30 | 0.21 | 0.15 | 0.13 | 0.13 | 0.12 | 0.12 |
| Net profit | 0.87 | 0.56 | 0.47 | 0.32 | 0.35 | 0.19 | 0.58 |
| Net profit margin | +22.1% | +17.0% | +14.2% | +11.6% | +12.5% | +8.9% | +22.4% |
| EPS (₹) | 1.91 | 1.23 | 1.03 | 0.68 | 0.79 | 0.43 | 1.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 |
| Reserves & surplus | 8.38 | 7.51 | 6.95 | 6.48 | 6.17 | 5.81 | 5.62 |
| Shareholders' funds (net worth) | 12.92 | 12.05 | 11.49 | 11.02 | 10.71 | 10.35 | 10.16 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 13.20 | 12.32 | 11.49 | 11.05 | 10.89 | 10.63 | 10.44 |
| Assets | |||||||
| Gross block | 0.07 | 0.06 | 0.02 | 0.02 | 0.04 | 0.15 | 0.15 |
| Net block | 0.04 | 0.03 | 0.00 | 0.00 | 0.01 | 0.02 | 0.03 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.26 | 0.13 | 8.67 | 8.67 | 8.54 | 8.21 | 8.22 |
| Inventories | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Sundry debtors | 0.32 | 0.29 | 0.43 | 0.38 | 0.27 | 0.14 | 0.18 |
| Cash & bank balances | 0.72 | 0.58 | 0.40 | 0.08 | 0.21 | 0.10 | 0.12 |
| Loans & advances | 1.47 | 0.78 | 0.44 | 0.38 | 0.23 | 0.53 | 0.52 |
| Total current assets | 2.53 | 1.67 | 1.28 | 0.85 | 0.72 | 0.78 | 0.83 |
| Total current liabilities | 0.30 | 0.31 | 0.70 | 0.53 | 0.42 | 0.23 | 0.25 |
| Net working capital | 2.23 | 1.36 | 0.58 | 0.32 | 0.30 | 0.55 | 0.58 |
| Total assets | 13.20 | 12.32 | 11.49 | 11.05 | 10.89 | 10.63 | 10.44 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.58 | 0.40 | 0.08 | 0.21 | 0.10 | 0.12 | 0.13 |
| Net cash from operating activities | 0.26 | (8.31) | 0.32 | (0.13) | 0.44 | (0.02) | (0.07) |
| Net cash from investing activities | (0.12) | 8.49 | 0.00 | 0.00 | (0.32) | 0.00 | 0.05 |
| Net cash from financing activities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net change in cash | 0.14 | 0.17 | 0.32 | (0.13) | 0.11 | (0.02) | (0.01) |
| Closing cash | 0.72 | 0.58 | 0.40 | 0.08 | 0.21 | 0.10 | 0.12 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +19.1% | 0.0% | +19.1% | -1.4% | +31.3% | -17.4% | - |
| EBITDA growth | +58.1% | +19.4% | +34.8% | -6.1% | +63.3% | -58.3% | - |
| PBT growth | +52.0% | +24.2% | +37.8% | -6.3% | +54.8% | -55.7% | +37.3% |
| Net income growth | +55.4% | +19.2% | +46.9% | -8.6% | +84.2% | -67.2% | - |
| Revenue CAGR (3Y) | +12.4% | +5.5% | +15.5% | +2.3% | +8.7% | +17.2% | +31.5% |
| EBITDA CAGR (3Y) | +36.5% | +14.7% | +27.4% | -13.9% | -3.2% | +35.7% | +65.1% |
| Profitability & leverage | |||||||
| Net income margin | +22.1% | +17.0% | +14.2% | +11.6% | +12.5% | +8.9% | +22.4% |
| Return on capital employed | +9.2% | +6.5% | +5.5% | +4.0% | +4.6% | +2.9% | +7.0% |
| Return on net worth | +7.0% | +4.8% | +4.2% | +2.9% | +3.4% | +1.9% | +6.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 60.62 | 83.25 | 165.00 | 92.33 | 29.58 | 14.40 | 17.27 |
| Inventory turnover | 197.00 | 222.00 | 330.00 | 277.00 | 281.00 | 216.00 | 172.67 |
| Debtors turnover | 12.92 | 9.25 | 8.15 | 8.52 | 13.71 | 13.50 | 15.24 |
| EPS (₹) | 1.91 | 1.23 | 1.03 | 0.68 | 0.79 | 0.43 | 1.30 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 28.46 | 26.55 | 25.31 | 24.29 | 23.60 | 22.81 | 22.38 |
To see the full year-wise statements and ratios of V B Desai Financial Services Ltd, buy the company report.
Board of directors of V B Desai Financial Services Ltd
V B Desai Financial Services has 8 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Auditor
V B Desai Financial Services Ltd is audited by N. S. Shetty & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. S. Shetty & Co. | FY 2023 | 110101W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 42.30%, foreign institutional investors hold 0.90%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 56.80%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 42.30% | 42.30% | 42.30% | 42.30% |
| Public | 57.70% | 57.70% | 57.70% | 57.70% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Feb 1989 | 90214370 | Canara Bank | ₹50 Lakh | Open | |
| 02 May 1989 | 90214376 | Allahabad Bank | ₹1 Cr | Satisfied |
To see the full charge records of V B Desai Financial Services Ltd, buy the company report.
Total charge records: 2 View all charges
Deals & funding
V B Desai Financial Services Ltd has 17 deals on record (17 market trades); the latest was in March 2026.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Market trade | ₹3.8 Lakh | Seller: an individual |
| Jun 2021 | Market trade | ₹1.2 Lakh | Seller: an individual |
| Jun 2017 | Market trade | ₹8.1 Lakh | Buyer: an individual Seller: an individual |
| Mar 2010 | Market trade | ₹28.5 Lakh | Buyer: Zircon Investments and Leasing Private Limited |
| Nov 2007 | Market trade | ₹84.5 Lakh | Buyer: Clover Technologies Private Limited |
To see the full deal history of V B Desai Financial Services Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
V B Desai Financial Services Ltd has 5 court cases on record: 3 filed by V B Desai Financial Services, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (SPMP) | Filed against the company by Fairgrowth Financial Services Ltd | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
| Bombay High Court | Tax appeal | Filed by the company against The Commissioner of Income Tax, Central-Ii and Another. | Disposed |
| Bombay High Court | Appeal | Filed against the company by Indian Bank | Disposed |
To see the full case history of V B Desai Financial Services Ltd, 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 V B Desai Financial Services Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
V B Desai Financial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV3460E1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of V B Desai Financial Services Ltd, buy the company report.
Recent activity
V B Desai Financial Services Ltd has 19 board changes on record since 1998: 14 appointments and 5 cessations. The latest: Samir Ramjibhai Dedhia ceased to be Director on 13 Sep 2024.
14 earlier events are in the company report.
Frequently asked questions
V B Desai Financial Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 21 August 1985 (41+ years old) and is registered under CIN L74120MH1985PLC037218. Listed on BSE: 511110.
V B Desai Financial Services reported revenue of ₹3.93 Cr for FY 2025-26 (up 19.1% YoY) based on standalone financials.
V B Desai Financial Services has 8 current directors:
- Pradip Ratilal Shroff - Managing Director
- Hemendra Jitendra Shroff - Director
- Rachana Shashank Vijayakar - Director
- Nilesh Ramanlal Doshi - Director
- Sanjay Natvarlal Kapadia - Director
- Jitendra Ratilal Shroff - Director
- Manoj Thakorlal Shroff - Director
- Sagar Yadav - Director
The latest financial statements of V B Desai Financial Services on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 09 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of V B Desai Financial Services is 27AAACV3460E1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of V B Desai Financial Services is L74120MH1985PLC037218. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. V B Desai Financial Services is a listed company as per MCA records. Its shares are listed on BSE (code: 511110).
V B Desai Financial Services has 5 court cases on record: 3 filed by the company and 2 filed against it.
V B Desai Financial Services was incorporated on 21 August 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
V B Desai Financial Services has 17 deals on record (17 market trades); the latest was in March 2026.
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