Abans Finance Profile
Key Indicators
- Authorised Capital ₹ 163.50 Cr
- Paid Up Capital ₹ 34.47 Cr
- Company Age 30 Year, 21 Days
- 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. 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
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Location
Mumbai, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U51219MH1995PTC231627
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Company No.
231627
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
11 Jan 1995
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Date of AGM
13 Aug 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Abans Finance?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mahesh Cheruveedu
|
CEO | 20-Feb-2020 | Current |
|
Nirbhay Vassa
|
CFO | 20-Jul-2021 | Current |
|
Yuvraj Nikam
|
Company Secretary | 11-Oct-2024 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Shivshankar Singh
|
Director | 03-Sep-2021 | Current |
|
Abhishek Bansal
|
Director | 14-Aug-2009 | Current |
|
Ashima Chhatwal
|
Director | 03-Sep-2021 | Current |
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Mahesh Cheruveedu
|
Director and Ceo | 14-Feb-2022 | Current |
|
Kumud Patnaik
|
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%.
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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.
Related Corporates (Common Directorship)
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R & B Infra Project LimitedAshima Chhatwal is a mutual person
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Zicuro Technologies Private LimitedAbhishek Bansal and Shivshankar Singh are mutual person
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Abans Diversified Alternative Funds LlpAbhishek Bansal and Shivshankar Singh are mutual person
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Abans Realty And Infrastructure Private Limited
Abhishek Bansal and Shivshankar Singh are mutual person
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Abans Creations Private Limited
Abhishek Bansal and Shivshankar Singh are mutual person
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Abans Capital Private Limited
Abhishek Bansal and Shivshankar Singh are mutual person
Charges (Loans)
₹203.19 Cr
₹14.65 Cr
Charges Breakdown by Lending Institutions
- Others : 201.90 Cr
- Hdfc Bank Limited : 1.29 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 May 2024 | Hdfc Bank Limited | ₹1.29 Cr | Open |
| 31 Jan 2024 | Others | ₹100.00 Cr | Open |
| 04 Feb 2022 | Others | ₹1.90 Cr | Open |
| 07 Oct 2019 | Others | ₹100.00 Cr | Open |
| 24 Jul 2020 | Others | ₹1.40 Cr | Satisfied |
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.
Deals i
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
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
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.
