Asel Financial Services Limited

Facilitates trading of equities for individual and institutional investors in India and abroad.

2005 | Ahmedabad, Gujarat (India) | Active
Last Updated: January 16, 2025

Asel Financial Services Profile

Key Indicators

  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 7.48 Cr
  • Company Age 19 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 17.40%
  • Profit Growth 26.09%
  • Ebitda -1.06%
  • Net Worth 2.66%
  • Total Assets 17.31%

About Asel Financial Services

Asel Financial Services Limited (AFSL) is a Public Limited Indian Non-Government Company incorporated in India on 04 March 2005 and has a history of 19 years and 11 months. Its registered office is in Ahmedabad, Gujarat, India.

The Corporate was formerly known as Ahmedabad Stock Exchange 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 2023. It's a company limited by shares with an authorized capital of Rs 15.00 Cr and a paid-up capital of Rs 7.48 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Asel Financial Services Limited India is Vipul Patel as CFO. Devangkumar Sheth, Apurva Hathi, and Rameshchandra Chokshi serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U67110GJ2005PLC045636

  • Company No.

    045636

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    04 Mar 2005

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Financial Services

Who are the key members and board of directors at Asel Financial Services?

Executive Team (1)

Name Designation Appointment Date Status
Vipul Patel Country flag representing In CFO 14-Aug-2014 Current

Board Members (3)

Name Designation Appointment Date Status
Rameshchandra Chokshi Country flag representing In Director 31-Dec-2013 Current
Devangkumar Sheth Country flag representing In Director 30-Sep-2022 Current
Apurva Hathi Country flag representing In Director 08-Nov-2011 Current

Financial Performance of Asel Financial Services.

Asel Financial Services Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 17.4% increase. The company also saw a substantial improvement in profitability, with a 26.09% increase in profit. The company's net worth moved up by a moderate rise of 2.66%.

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
17.40%
Revenue from Operations
14.78%
Total Assets
17.31%
Profit or Loss
26.09%
Net Worth
2.66%
EBITDA
-1.06%

What is the Ownership and Shareholding Structure of Asel Financial Services?

In 2023, Asel Financial Services had a public holding of 99.99%. The company had 1 Subsidiary and 1 Associate company. 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 Asel Financial Services?

Unlock and access historical data on people associated with Asel Financial Services, 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 Asel Financial Services, 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 Asel Financial Services'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 Asel Financial Services

Recent activity within the organization

  • Annual General Meeting

    Asel Financial Services Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

    29 Sep 2023

  • Balance Sheet

    Asel Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

    31 Mar 2023

  • Director Appointment

    Devangkumar Champaklal Sheth was appointed as a Director was appointed as a Director on 30 Sep 2022 & has been associated with this company since 2 years 4 months .

    30 Sep 2022

  • Director Appointment

    Vipul Ramanbhai Patel was appointed as a Cfo was appointed as a Cfo on 14 Aug 2014 & has been associated with this company since 10 years 5 months .

    14 Aug 2014

  • Director Appointment

    Rameshchandra Natvarlal Chokshi was appointed as a Director was appointed as a Director on 31 Dec 2013 & has been associated with this company since 11 years 1 month .

    31 Dec 2013

  • Director Appointment

    Apurva Hathi was appointed as a Director was appointed as a Director on 08 Nov 2011 & has been associated with this company since 13 years 3 months .

    08 Nov 2011

Frequently asked questions

  • Asel Financial Services Limited was incorporated on 04 Mar 2005.

  • The authorized share capital of Asel Financial Services Limited is ₹ 15.00 Cr and paid-up capital is ₹ 7.48 Cr.

  • Currently 4 directors are associated with Asel Financial Services Limited.

    • Devangkumar Champaklal Sheth
    • Apurva Hathi
    • Rameshchandra Natvarlal Chokshi
    • Vipul Ramanbhai Patel
  • As per Ministry of Corporate Affairs (Mca), the registered address of Asel Financial Services Limited is 1St Floor Kamdhenu Complexopp Sahajand College Nr Panjara Pole Ambawadi India, Ahmedabad, Gujarat, 380015.

  • The corporate identification number (CIN) of Asel Financial Services Limited is U67110GJ2005PLC045636 and the company number is 045636 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Asel Financial Services Limited is https://www.aselfinserve.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Asel Financial Services Limited has risen by 17.40%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Asel Financial Services Limited has experienced an upsurge of 2.66%.

  • The most recent Balance Sheet for Asel Financial Services Limited was filed with the ROC on 31 Mar 2023.

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