Akash Finance And Chit Fund Co Private Limited

Manages chit fund business since 1982, based in Punjab.

1982 | Amritsar, Punjab (India) | Active
Last Updated:

Akash Finance And Chit Fund Co Profile

Key Indicators

  • Authorised Capital ₹ 2.00 M
  • Paid Up Capital ₹ 1.75 M
  • Company Age 42 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -38.11%
  • Profit Growth -153.17%
  • Ebitda -76.37%
  • Net Worth -6.54%
  • Total Assets -23.44%

About Akash Finance And Chit Fund Co

Akash Finance And Chit Fund Co Private Limited (AFACFCPL) is a Private Limited Indian Non-Government Company incorporated in India on 17 November 1982 and has a history of 42 years and three months. Its registered office is in Amritsar, Punjab.

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 2.00 M and a paid-up capital of Rs 1.75 M, as per Ministry of Corporate Affairs (MCA) records.

Bhupinder Singh, Kuldeep Singh, Parkash Kaur, and Two other members serve as directors at the Company.

Company Details

  • Location Amritsar, Punjab
  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65992PB1982PTC005173

  • Company No.

    005173

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    17 Nov 1982

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Financial Services

Who are the key members and board of directors at Akash Finance And Chit Fund Co?

Board Members (5)

NameDesignationAppointment DateStatus
Bhupinder Singh Country flag representing In Director 04-Dec-2000Current
Kuldeep Singh Country flag representing In Director 01-Jan-2024Current
Parkash Kaur Country flag representing In Director 02-Jan-1997Current
Iqbal Singh Country flag representing In Director 02-Jan-1997Current
Jaswinder Singh Country flag representing In Director 01-Jan-2024Current

Financial Performance of Akash Finance And Chit Fund Co.

Akash Finance And Chit Fund Co Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 38.11% decrease. The company also saw a substantial fall in profitability, with a 153.17% decrease in profit. The company's net worth dipped by a decrease of 6.54%.

Akash Finance And Chit Fund Co revenue growth over time
Akash Finance And Chit Fund Co 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
-38.11%
Revenue from Operations
-50.65%
Total Assets
-23.44%
Profit or Loss
-153.17%
Net Worth
-6.54%
EBITDA
-76.37%

What is the Ownership and Shareholding Structure of Akash Finance And Chit Fund Co?

In 2021, Akash Finance And Chit Fund Co had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Akash Finance And Chit Fund Co?

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

Employee growth trends for Akash Finance And Chit Fund Co Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Akash Finance And Chit Fund Co, 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 Akash Finance And Chit Fund Co'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 Akash Finance And Chit Fund Co

Recent activity within the organization

  • Annual General Meeting

    Akash Finance And Chit Fund Co Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Akash Finance And Chit Fund Co Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

  • Director Appointment

    Kuldeep Singh was appointed as a Director was appointed as a Director on 01 Jan 2024 & has been associated with this company since 1 year 2 months .

  • Director Appointment

    Jaswinder Singh was appointed as a Director was appointed as a Director on 01 Jan 2024 & has been associated with this company since 1 year 2 months .

  • Director Appointment

    Bhupinder Singh was appointed as a Director was appointed as a Director on 04 Dec 2000 & has been associated with this company since 24 years 3 months .

  • Director Appointment

    Parkash Kaur was appointed as a Director was appointed as a Director on 02 Jan 1997 & has been associated with this company since 28 years 2 months .

Frequently asked questions

  • What is the Incorporation or founding date of Akash Finance And Chit Fund Co Private Limited?

    Akash Finance And Chit Fund Co Private Limited was incorporated on 17 Nov 1982.

  • What is authorized share capital and paid-up capital of Akash Finance And Chit Fund Co Private Limited?

    The authorized share capital of Akash Finance And Chit Fund Co Private Limited is ₹ 2.00 M and paid-up capital is ₹ 1.75 M.

  • Who are the current board members & directors of Akash Finance And Chit Fund Co Private Limited?

    Currently 5 directors are associated with Akash Finance And Chit Fund Co Private Limited.

    • Bhupinder Singh
    • Kuldeep Singh
    • Parkash Kaur
    • Iqbal Singh
    • Jaswinder Singh

  • What is the registered address of Akash Finance And Chit Fund Co Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Akash Finance And Chit Fund Co Private Limited is Cheel Mandi India, Amritsar, Punjab.

  • What is the corporate identification number (CIN) and company number of Akash Finance And Chit Fund Co Private Limited?

    The corporate identification number (CIN) of Akash Finance And Chit Fund Co Private Limited is U65992PB1982PTC005173 and the company number is 005173 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Akash Finance And Chit Fund Co Private Limited?

    According to the financial reports for the fiscal year 2021, the revenue trend for Akash Finance And Chit Fund Co Private Limited has fallen by -38.11%.

  • What change has been observed in the net worth of Akash Finance And Chit Fund Co Private Limited, and by what percentage?

    The financial reports for the fiscal year 2021 indicates that The net worth of Akash Finance And Chit Fund Co Private Limited has experienced an downturn of -6.54%.

  • When was the last Balance Sheet of Akash Finance And Chit Fund Co Private Limited filed with the ROC?

    The most recent Balance Sheet for Akash Finance And Chit Fund Co Private Limited was filed with the ROC on 31 Mar 2024.

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