Achal Finance Limited.

Financial services provider offering investment advising and registered with RBI since 1992.

1992 | Belgaum, Karnataka (India) | Active
Last Updated:

Achal Finance Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 1.30 Cr
  • Company Age 33 Year, 3 Days
  • Last Filing with ROC 31 Mar 2018
  • Open Charges ₹ 3.00 M
  • Satisfied Charges ₹ 1.00 Cr
  • Revenue Growth -99.39%
  • Profit Growth -179.89%
  • Ebitda -1585.27%
  • Net Worth -3.37%
  • Total Assets -2.04%

About Achal Finance

Achal Finance Limited. (AFL) is a Public Limited Indian Non-Government Company incorporated in India on 26 February 1992 and has a history of 33 years. Its registered office is in Belgaum, Karnataka, India.

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.

Company Details

  • Location

    Belgaum, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • 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

Financial Services

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

Executive Team (1)

NameDesignationAppointment DateStatus
Suhas Humbarwadi Country flag representing In Managing Director26-Feb-1992Current

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%.

Graph illustrating revenue growth over time
Graph showing 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
-99.39%
Revenue from Operations
Total Assets
-2.04%
Profit or Loss
-179.89%
Net Worth
-3.37%
EBITDA
-1585.27%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.30 Cr

Satisfied Charges

₹1.00 Cr

Charges Breakdown by Lending Institutions

  • The Western India Trustee And Executor Company Limited : 0.30 Cr

Latest Charge Details

DateLenderAmountStatus
28 Jan 2008The Western India Trustee And Executor Company Limited₹3.00 MOpen
25 Aug 2000The United Western Bank Ltd.₹5.00 MSatisfied
10 Nov 1999The United Western Bank Ltd.₹5.00 MSatisfied

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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

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

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 Achal Finance

Recent activity within the organization

  • Annual General Meeting

    Achal Finance Limited. last Annual general meeting of members was held on 29 Sep 2018 as per latest MCA records.

    29 Sep 2018

  • Balance Sheet

    Achal Finance Limited. has filed its annual Financial statements for the year ended 31 Mar 2018 with Roc Bangalore.

    31 Mar 2018

  • Charges

    A charge registered on 25 Aug 2000 via Charge ID 90199360 with The United Western Bank Ltd. was fully satisfied on 31 Jan 2017.

    31 Jan 2017

  • Charges

    A charge registered on 10 Nov 1999 via Charge ID 90200430 with The United Western Bank Ltd. was fully satisfied on 31 Jan 2017.

    31 Jan 2017

  • Director Appointment

    Roopa Suhas Humbarwadi was appointed as a Director was appointed as a Director on 02 Dec 2014 & has been associated with this company since 10 years 2 months .

    02 Dec 2014

  • Charges

    A charge with The Western India Trustee And Executor Company Limited amounted to Rs. 0.30 Cr with Charge ID 10084991 was registered on 28 Jan 2008.

    28 Jan 2008

Frequently asked questions

  • What is the Incorporation or founding date of Achal Finance Limited.?

    Achal Finance Limited. was incorporated on 26 Feb 1992.

  • What is authorized share capital and paid-up capital of Achal Finance Limited.?

    The authorized share capital of Achal Finance Limited. is ₹ 2.00 Cr and paid-up capital is ₹ 1.30 Cr.

  • Who are the current board members & directors of Achal Finance Limited.?

    Currently 3 directors are associated with Achal Finance Limited..

    • Suhas Gurappa Humbarwadi
    • Virendra Gurappa Humbarwadi
    • Roopa Suhas Humbarwadi

  • What is the registered address of Achal Finance Limited.?

    As per Ministry of Corporate Affairs (Mca), the registered address of Achal Finance Limited. is 280/2 Mayflower Apartment Agarkar Road Tilakwadi, India, Belguam, Karnataka, 590006.

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

    The corporate identification number (CIN) of Achal Finance Limited. is U65992KA1992PLC012877 and the company number is 012877 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Achal Finance Limited.?

    According to the financial reports for the fiscal year 2018, the revenue trend for Achal Finance Limited. has fallen by -99.39%.

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

    The financial reports for the fiscal year 2018 indicates that The net worth of Achal Finance Limited. has experienced an downturn of -3.37%.

  • What are the total open charges for Achal Finance Limited.?

    As per the financial statements for fiscal Year 2018, The total open charges for Achal Finance Limited. amount to ₹ 3.00 M.

  • When was the last Balance Sheet of Achal Finance Limited. filed with the ROC?

    The most recent Balance Sheet for Achal Finance Limited. was filed with the ROC on 31 Mar 2018.

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