Achal Finance Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
as on 05-12-2024
- Paid Up Capital ₹ 1.30 Cr
as on 05-12-2024
- Company Age 32 Year, 9 Months
- Last Filing with ROC 31 Mar 2018
- Open Charges ₹ 3.00 M
as on 05-12-2024
- Satisfied Charges ₹ 1.00 Cr
as on 05-12-2024
- Revenue -99.39%
(FY 2018)
- Profit -179.89%
(FY 2018)
- Ebitda -1585.27%
(FY 2018)
- Net Worth -3.37%
(FY 2018)
- Total Assets -2.04%
(FY 2018)
About Achal Finance
The Corporate was formerly known as Achal Finance Private 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 2018. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 1.30 Cr.
The company currently has active open charges totaling ₹3.00 M. The company has closed loans amounting to ₹1.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Suhas Humbarwadi, Virendra Humbarwadi, and Roopa Humbarwadi serve as directors at the Company.
- CIN/LLPIN
U65992KA1992PLC012877
- Company No.
012877
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
26 Feb 1992
- Date of AGM
29 Sep 2018
- Date of Balance Sheet
31 Mar 2018
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Company Details
- Location
Belgaum, Karnataka, India
- Telephone
- Email Address
- Website
-
- Social Media-
Who are the key members and board of directors at Achal Finance?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Suhas Humbarwadi  | Managing Director | 26-Feb-1992 | Current |
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Virendra Humbarwadi | Director | 18-May-2001 | Current |
| Roopa Humbarwadi | Director | 02-Dec-2014 | Current |
Financial Performance of Achal Finance.
Achal Finance Limited., for the financial year ended 2018, experienced significant reduction in revenue, with a 99.39% decrease. The company also saw a substantial fall in profitability, with a 179.89% decrease in profit. The company's net worth dipped by a decrease of 3.37%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Achal Finance?
In 2018, Achal Finance had a promoter holding of 98.34% and a public holding of 1.66%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Achal Automobiles Private LimitedActive 29 years 9 monthsSuhas Humbarwadi and Virendra Humbarwadi are mutual person
Car Source India Private LimitedActive 23 years 11 monthsSuhas Humbarwadi and Virendra Humbarwadi are mutual person
- Velocity Motors Private LimitedActive 25 years 6 months
Suhas Humbarwadi and Virendra Humbarwadi are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
The Western India Trustee And Executor Company Limited Creation Date: 28 Jan 2008 | ₹3.00 M | Open |
The United Western Bank Ltd. Creation Date: 25 Aug 2000 | ₹5.00 M | Satisfied |
The United Western Bank Ltd. Creation Date: 10 Nov 1999 | ₹5.00 M | Satisfied |
How Many Employees Work at Achal Finance?
Unlock and access historical data on people associated with Achal Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Achal 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 Achal Finance's trajectory.
Rating
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Alerts
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