Agate Finance Limited

Non-banking financial company registered with RBI since 1996, based in Tamil Nadu.

1996 | Namakkal, Tamil Nadu (India) | Active
Last Updated:

Agate Finance Profile

Key Indicators

  • Authorised Capital ₹ 40.00 Cr
  • Paid Up Capital ₹ 38.83 Cr
  • Company Age 29 Year, 10 Days
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 20.44 Cr
  • Revenue Growth -29.05%
  • Profit Growth 61.79%
  • Ebitda -73.55%
  • Net Worth -0.86%
  • Total Assets -37.53%

About Agate Finance

Agate Finance Limited (AFL) is a Public Limited Indian Non-Government Company incorporated in India on 27 February 1996 and has a history of 29 years. Its registered office is in Namakkal, Tamil Nadu, India.

The Corporate was formerly known as Agate Madras International Finance Ltd. 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 2023. It's a company limited by shares with an authorized capital of Rs 40.00 Cr and a paid-up capital of Rs 38.83 Cr.

The company has closed loans amounting to ₹20.44 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Naina Mohamed, Ramasamy Suriyaprakasam, and Suriyaprakasam Kumar serve as directors at the Company.

Company Details

  • Location

    Namakkal, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65191TZ1996PLC037431

  • Company No.

    034633

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    27 Feb 1996

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Financial Services

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

Executive Team (1)

NameDesignationAppointment DateStatus
Naina Mohamed Country flag representing My Managing Director21-May-1997Current

Board Members (2)

NameDesignationAppointment DateStatus
Suriyaprakasam Kumar Country flag representing In Director 01-Jan-2015Current
Ramasamy Suriyaprakasam Country flag representing In Director 01-Jan-2015Current

Financial Performance of Agate Finance.

Agate Finance Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 29.05% decrease. The company also saw a substantial improvement in profitability, with a 61.79% increase in profit. The company's net worth dipped by a decrease of 0.86%.

Agate Finance revenue growth over time
Agate 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
-29.05%
Revenue from Operations
-29.48%
Total Assets
-37.53%
Profit or Loss
61.79%
Net Worth
-0.86%
EBITDA
-73.55%

What is the Ownership and Shareholding Structure of Agate Finance?

In 2020, Agate Finance had a promoter holding of 90.95% and a public holding of 9.04%. 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

Satisfied Charges

₹20.44 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 20.44 Cr

Latest Charge Details

DateLenderAmountStatus
21 Jul 2000State Bank Of India₹20.00 CrSatisfied
18 Dec 1998State Bank Of India₹1.35 MSatisfied
28 May 1998State Bank Of India₹3.00 MSatisfied

How Many Employees Work at Agate Finance?

Unlock and access historical data on people associated with Agate Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Agate Finance Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Agate 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 Agate 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 Agate Finance

Recent activity within the organization

  • Annual General Meeting

    Agate Finance Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Agate Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.

  • Director Appointment

    Ramasamy Suriyaprakasam was appointed as a Director was appointed as a Director on 01 Jan 2015 & has been associated with this company since 10 years 2 months .

  • Director Appointment

    Suriyaprakasam Prakadeesh Kumar was appointed as a Director was appointed as a Director on 01 Jan 2015 & has been associated with this company since 10 years 2 months .

  • Charges

    A charge registered on 21 Jul 2000 via Charge ID 90308521 with State Bank Of India was fully satisfied on 24 Apr 2012.

  • Charges

    A charge registered on 18 Dec 1998 via Charge ID 90305212 with State Bank Of India was fully satisfied on 24 Apr 2012.

Frequently asked questions

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

    Agate Finance Limited was incorporated on 27 Feb 1996.

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

    The authorized share capital of Agate Finance Limited is ₹ 40.00 Cr and paid-up capital is ₹ 38.83 Cr.

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

    Currently 3 directors are associated with Agate Finance Limited.

    • Naina Mohamed
    • Ramasamy Suriyaprakasam
    • Suriyaprakasam Prakadeesh Kumar

  • What is the registered address of Agate Finance Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Agate Finance Limited is No.86/20 Royal Towers Sankari Road, Seetharampalayam India, Thiruchengode, Tamil Nadu, 637209.

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

    The corporate identification number (CIN) of Agate Finance Limited is U65191TZ1996PLC037431 and the company number is 034633 as per Ministry of Corporate Affairs (MCA).

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

    According to the financial reports for the fiscal year 2020, the revenue trend for Agate Finance Limited has fallen by -29.05%.

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

    The financial reports for the fiscal year 2020 indicates that The net worth of Agate Finance Limited has experienced an downturn of -0.86%.

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

    The most recent Balance Sheet for Agate Finance Limited was filed with the ROC on 31 Mar 2023.

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