Akme Fintrade (India) Limited

Provides asset financing and loans for vehicles, property, and personal/business needs.

1996 | Udaipur, Rajasthan (India) | Active
Last Updated: December 24, 2024

Akme Fintrade (India) Profile

Key Indicators

  • Authorised Capital ₹ 50.00 Cr
  • Paid Up Capital ₹ 42.67 Cr
  • Company Age 29 Year, 17 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 383.34 Cr
  • Satisfied Charges ₹ 771.38 Cr
  • Revenue Growth -11.42%
  • Profit Growth -11.54%
  • Ebitda -16.24%
  • Net Worth 18.58%
  • Total Assets -13.61%

About Akme Fintrade (India)

Akme Fintrade (India) Limited (AFIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 05 February 1996 and has a history of 29 years. Its registered office is in Udaipur, Rajasthan, India.

The Corporate was formerly known as Akme Fintrade (India) 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 2024. It's a company limited by shares with an authorized capital of Rs 50.00 Cr and a paid-up capital of Rs 42.67 Cr.

The company currently has active open charges totaling ₹383.34 Cr. The company has closed loans amounting to ₹771.38 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Akme Fintrade (India) Limited India are Akash Jain as Ceo, Rajni Gehlot as Cfo, and Manoj Choubisa as Company Secretary. Nirmal Jain, Vimal Sardarsinghji, Rajendra Chittora, and Three other members serve as directors at the Company.

Company Details

  • Location

    Udaipur, Rajasthan, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    akmefintrade.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U67120RJ1996PLC011509

  • Company No.

    011509

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    05 Feb 1996

  • Date of AGM

    28 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Jaipur

Industry

Financial Services

Who are the key members and board of directors at Akme Fintrade (India)?

Executive Team (4)

NameDesignationAppointment DateStatus
Rajni Gehlot Country flag representing In CFO17-May-2019Current
Nirmal Jain Country flag representing In Managing Director25-Aug-1996Current
Akash Jain CEO24-Jul-2024Current
Manoj Choubisa Company Secretary19-Jan-2024Current

Board Members (5)

NameDesignationAppointment DateStatus
Rajendra Chittora Country flag representing In Director 29-Dec-2020Current
Nishant Sharma Country flag representing In Director 05-Jan-2023Current
Vimal Sardarsinghji Country flag representing In Director 07-Dec-2022Current
Antima Kataria Country flag representing In Director 07-Dec-2022Current
Sanjay Tatke Country flag representing In Director 05-Jan-2023Current

Financial Performance of Akme Fintrade (India).

Akme Fintrade (India) Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 11.42% decrease. The company also saw a substantial fall in profitability, with a 11.54% decrease in profit. The company's net worth Soared by an impressive increase of 18.58%.

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
-11.42%
Revenue from Operations
-9.39%
Total Assets
-13.61%
Profit or Loss
-11.54%
Net Worth
18.58%
EBITDA
-16.24%

What is the Ownership and Shareholding Structure of Akme Fintrade (India)?

In 2021, Akme Fintrade (India) had a promoter holding of 70.90% and a public holding of 29.10%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹383.34 Cr

Satisfied Charges

₹771.38 Cr

Charges Breakdown by Lending Institutions

  • Others : 339.25 Cr
  • Indian Overseas Bank : 25.00 Cr
  • State Bank Of India : 19.00 Cr
  • Hdfc Bank Limited : 0.10 Cr

Latest Charge Details

DateLenderAmountStatus
12 Dec 2024Others₹25.00 CrOpen
24 Oct 2024Indian Overseas Bank₹25.00 CrOpen
22 Oct 2024Others₹5.00 CrOpen
30 Sep 2024Others₹10.00 CrOpen
25 Sep 2024Others₹5.00 CrOpen

How Many Employees Work at Akme Fintrade (India)?

Akme Fintrade (India) has a workforce of 65 employees as of Apr 08, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Akme Fintrade (India), 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 Akme Fintrade (India)'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 Akme Fintrade (India)

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101014639 was registered on 12 Dec 2024.

    12 Dec 2024

  • Charges

    A charge registered on 28 Sep 2021 via Charge ID 100482459 with Others was fully satisfied on 07 Nov 2024.

    07 Nov 2024

  • Charges

    A charge registered on 26 Mar 2021 via Charge ID 100434025 with Others was fully satisfied on 07 Nov 2024.

    07 Nov 2024

  • Charges

    A charge registered on 26 Mar 2021 via Charge ID 100434028 with Others was fully satisfied on 07 Nov 2024.

    07 Nov 2024

  • Charges

    A charge registered on 10 Jun 2017 via Charge ID 100112963 with Others was fully satisfied on 07 Nov 2024.

    07 Nov 2024

  • Charges

    A charge registered on 14 Aug 2021 via Charge ID 100477094 with Others was fully satisfied on 25 Oct 2024.

    25 Oct 2024

Recent News, Updates & Announcement

  • News icon
    Akme Fintrade files IPO papers with Sebi.

    Udaipur-based Akme Fintrade is primarily engaged in providing rural and semi-urban centric lending solution to customers in four states -- Rajasthan, Maharashtra, Madhya Pradesh and Gujarat.

    16 Feb 2023 Economic Times

Frequently asked questions

  • Akme Fintrade (India) Limited was incorporated on 05 Feb 1996.

  • The authorized share capital of Akme Fintrade (India) Limited is ₹ 50.00 Cr and paid-up capital is ₹ 42.67 Cr.

  • Currently 9 directors are associated with Akme Fintrade (India) Limited.

    • Nirmal Kumar Jain
    • Vimal Bolia Sardarsinghji
    • Rajendra Chittora
    • Nishant Sharma
    • Antima Kataria
    • Sanjay Dattatray Tatke
    • Akash Jain
    • Rajni Gehlot
    • Manoj Kumar Choubisa
  • As per Ministry of Corporate Affairs (Mca), the registered address of Akme Fintrade (India) Limited is Akme Business Centre (Abc) 4-5 Subcity Savin Circle, Opp. Krishi Upaz Mandi India, Udaipur, Rajasthan, 313002.

  • The corporate identification number (CIN) of Akme Fintrade (India) Limited is U67120RJ1996PLC011509 and the company number is 011509 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Akme Fintrade (India) Limited is https://www.akmefintrade.com

  • According to the financial reports for the fiscal year 2021, the revenue trend for Akme Fintrade (India) Limited has fallen by -11.42%.

  • As Per 2021 financial reports, 65 employees are currently employed by Akme Fintrade (India) Limited.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Akme Fintrade (India) Limited has experienced an upsurge of 18.58%.

  • As per the financial statements for fiscal Year 2021, The total open charges for Akme Fintrade (India) Limited amount to ₹ 383.34 Cr.

  • The most recent Balance Sheet for Akme Fintrade (India) Limited was filed with the ROC on 31 Mar 2024.

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