What we do Hybrid Financial Services Limited provides management consulting, financial advisory, debt recovery, and merchant banking services across India, focusing on stock broking and capital markets. |
Founded in 1,986 |
Market share Operates as a niche player in financial services and broking, with over 300 clients and active in stock market segments. |
Problem solved Offers expert financial consultancy and capital market services to optimize client investments and business financial strategies. |
Top clients or who we serve Serves corporate clients, institutional investors, and retail broking customers primarily in India, focusing on B2B and B2C. |
Key management Dr. Nitin K. Tike (Independent Director & Audit Committee Chairman), Mr. Nandakishore R. Divate (Whole Time Director) |
Our journey and innovations Originally Mafatlal Finance Company, rebranded in 2009; merchant banking since 1993; expanding broking via subsidiary Maximus Securities; pursuing merger to scale. |
Where we operate Headquartered in Mumbai with offices in Delhi, Chennai, Ahmedabad, Coimbatore, and Baroda; operations primarily in Indian financial markets. |
Top products or what we offer Management consulting, merchant banking, stock broking via Maximus Securities Limited, debt recovery advisory, and corporate finance solutions. |
Top brands Maximus Securities Limited – broking subsidiary with growing market presence since acquisition; Hybrid Financial Services flagship brand. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is mostly cyclical tied to market conditions and investment activity. |
Our industry position Niche presence in merchant banking and stock broking, growing through subsidiary consolidation and limited scale financial consulting. |
Financial highlights FY 2025 revenue Rs. 7.07 crore; net profit Rs. 3.84 crore; profit improving driven by broking subsidiary and controlled expenses. |
Geographical revenue split Revenue primarily from Indian markets, concentrated in major metropolitan cities served by regional offices. |
Order book - |
Whats driving growth Growth driven by optimistic stock markets, strategic merger with broking subsidiary, and expansion into new financial service verticals. |
Our future plans Focus on merger with Maximus Securities Limited to consolidate broking, explore new non-NBFC financial activities and ensure sustainable growth. |
Our green promise - |
Our people and values Small, specialized team emphasizing financial ethics, governance, and compliance; zero tolerance policy on harassment. |
Key challenges ahead Limited scale, regulatory hurdles in NBFC licensing, and need to resolve legacy issues impacting net worth and growth potential. |
Interesting facts One of the few merchant bankers originating from a diversified industrial group with over three decades of experience. |
Risks and strategy Mitigating regulatory risks and market dependency through diversification and merger-driven business scaling. |
