Abans Finance Private Limited

Financial company providing loans to corporates and holding investments for group entities.

1995 | Mumbai, Maharashtra (India) | Active
Last Updated:

Abans Finance Profile

Key Indicators

  • Authorised Capital ₹ 163.50 Cr
  • Paid Up Capital ₹ 34.47 Cr
  • Company Age 30 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 203.19 Cr
  • Satisfied Charges ₹ 14.65 Cr
  • Revenue Growth -29.17%
  • Profit Growth 80.98%
  • Ebitda 41.28%
  • Net Worth 41.43%
  • Total Assets 148.71%

About Abans Finance

Abans Finance Private Limited (AFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 11 January 1995 and has a history of 30 years and three months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Abans Finance Limited. The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 163.50 Cr and a paid-up capital of Rs 34.47 Cr.

The company currently has active open charges totaling ₹203.19 Cr. The company has closed loans amounting to ₹14.65 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Abans Finance Private Limited India are Mahesh Cheruveedu as Ceo, Nirbhay Vassa as Cfo, and Yuvraj Nikam as Company Secretary. Abhishek Bansal, Shivshankar Singh, Ashima Chhatwal, and Two other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U51219MH1995PTC231627

  • Company No.

    231627

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    11 Jan 1995

  • Date of AGM

    13 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services
Company report

Abans Finance Private Limited

Explore comprehensive data for Abans Finance Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Abans Finance?

Executive Team (3)

NameDesignationAppointment DateStatus
Mahesh Cheruveedu Country flag representing In CEO20-Feb-2020Current
Nirbhay Vassa Country flag representing In CFO20-Jul-2021Current
Yuvraj Nikam Country flag representing In Company Secretary11-Oct-2024Current

Board Members (5)

NameDesignationAppointment DateStatus
Shivshankar Singh Country flag representing In Director 03-Sep-2021Current
Abhishek Bansal Country flag representing In Director 14-Aug-2009Current
Ashima Chhatwal Country flag representing In Director 03-Sep-2021Current
Mahesh Cheruveedu Country flag representing In Director and Ceo 14-Feb-2022Current
Kumud Patnaik Country flag representing In Director Current

Financial Performance of Abans Finance.

Abans Finance Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 29.17% decrease. The company also saw a substantial improvement in profitability, with a 80.98% increase in profit. The company's net worth Soared by an impressive increase of 41.43%.

Abans Finance revenue growth over time
Abans Finance profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-29.17%
Revenue from Operations
-29.17%
Total Assets
148.71%
Profit or Loss
80.98%
Net Worth
41.43%
EBITDA
41.28%

What is the Ownership and Shareholding Structure of Abans Finance?

In 2023, Abans Finance had a promoter holding of 94.00% and a public holding of 6.01%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹203.19 Cr

Satisfied Charges

₹14.65 Cr

Charges Breakdown by Lending Institutions

  • Others : 201.90 Cr
  • Hdfc Bank Limited : 1.29 Cr

Latest Charge Details

DateLenderAmountStatus
29 May 2024Hdfc Bank Limited₹1.29 CrOpen
31 Jan 2024Others₹100.00 CrOpen
04 Feb 2022Others₹1.90 CrOpen
07 Oct 2019Others₹100.00 CrOpen
24 Jul 2020Others₹1.40 CrSatisfied

How Many Employees Work at Abans Finance?

Abans Finance has a workforce of 46 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Abans Finance Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Abans Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Abans Finance's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Abans Finance

Recent activity within the organization

  • Director Appointment

    Yuvraj Vilas Nikam was appointed as a Company Secretary was appointed as a Company Secretary on 11 Oct 2024 & has been associated with this company since 6 months 16 days .

  • Annual General Meeting

    Abans Finance Private Limited last Annual general meeting of members was held on 13 Aug 2024 as per latest MCA records.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 1.29 Cr with Charge ID 100943621 was registered on 29 May 2024.

  • Charges

    A charge with Others of Rs. 1.90 Cr registered on 04 Feb 2022 with Charge ID 100541978 was modified on 15 Apr 2024.

  • Balance Sheet

    Abans Finance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Charges

    A charge with Others amounted to Rs. 100.00 Cr with Charge ID 100929739 was registered on 31 Jan 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Abans Finance Private Limited?

    Abans Finance Private Limited was incorporated on 11 Jan 1995.

  • What is authorized share capital and paid-up capital of Abans Finance Private Limited?

    The authorized share capital of Abans Finance Private Limited is ₹ 163.50 Cr and paid-up capital is ₹ 34.47 Cr.

  • Who are the current board members & directors of Abans Finance Private Limited?

    Currently 8 directors are associated with Abans Finance Private Limited.

    • Abhishek Pradeepkumar Bansal
    • Shivshankar Singh
    • Ashima Chhatwal
    • Mahesh Kumar Cheruveedu
    • Kumud Chandra Paricha Patnaik
    • Mahesh Kumar Cheruveedu
    • Nirbhay Fancy Vassa
    • Yuvraj Vilas Nikam

  • What is the registered address of Abans Finance Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Abans Finance Private Limited is 36 37 Floor-3 Plot-227 Nariman Bhavan Vinayak Kumar Shah Marg Ncpa, P Oint India, Mumbai, Maharashtra, 400021.

  • What is the corporate identification number (CIN) and company number of Abans Finance Private Limited?

    The corporate identification number (CIN) of Abans Finance Private Limited is U51219MH1995PTC231627 and the company number is 231627 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Abans Finance Private Limited?

    The Official website of Abans Finance Private Limited is https://www.abans.co.in

  • What has been the recent revenue trend for Abans Finance Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Abans Finance Private Limited has fallen by -29.17%.

  • How many employees does Abans Finance Private Limited currently have?

    As Per 2023 financial reports, 46 employees are currently employed by Abans Finance Private Limited.

  • What change has been observed in the net worth of Abans Finance Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Abans Finance Private Limited has experienced an upsurge of 41.43%.

  • What are the total open charges for Abans Finance Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Abans Finance Private Limited amount to ₹ 203.19 Cr.

  • When was the last Balance Sheet of Abans Finance Private Limited filed with the ROC?

    The most recent Balance Sheet for Abans Finance Private Limited was filed with the ROC on 31 Mar 2024.

Unlock Business Insights – Explore Instantly!

Search company & director profiles for free and gain access to critical business data.

  • 3.1M+ Companies
  • 15M+ Legal Cases
  • 525K+ Credit Ratings
  • 5.8M+ Directors & KMP
  • 750K+ Regulatory Alerts
  • 1.1M+ Companies' Financial Records
Start Free Trial

People also Viewed

Similar Companies Based on NBFC