Bandhan Financial Services Profile
Key Indicators
- Authorised Capital ₹ 150.00 Cr
- Paid Up Capital ₹ 127.82 Cr
- Company Age 29 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 275.00 Cr
- Satisfied Charges ₹ 17,747.14 Cr
- Revenue Growth -95.48%
- Profit Growth -95.97%
- Ebitda -95.56%
- Net Worth 3.00%
- Total Assets -5.20%
About Bandhan Financial Services
Bandhan Financial Services Limited (BFSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 03 August 1995 and has a history of 29 years and seven months. Its registered office is in 24 Parganas, West Bengal, India.
The Corporate was formerly known as Ganga Niryat Pvt 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 2024. It's a company limited by shares with an authorized capital of Rs 150.00 Cr and a paid-up capital of Rs 127.82 Cr.
The company currently has active open charges totaling ₹275.00 Cr. The company has closed loans amounting to ₹17,747.14 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Bandhan Financial Services Limited India are Amrit Daga as CFO and Biplab Mani as Company Secretary. Chandra Ghosh, Arvind Agrawal, Pankaj Sood, and Six other members serve as directors at the Company.
Company Details
- Location
24 Parganas, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U70101WB1995PLC073339
- Company No.
073339
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
03 Aug 1995
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Financial Services
What products or services does Bandhan Financial Services Limited offer?
Bandhan Financial Services Limited offers a wide range of products and services, including Banks and Banking Services, Banking Service.
Who are the key members and board of directors at Bandhan Financial Services?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Arvind Agrawal  | Managing Director | 08-Apr-2022 | Current |
| Amrit Daga | CFO | 09-Mar-2019 | Current |
| Biplab Mani | Company Secretary | 26-Nov-2020 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Pankaj Sood | Nominee Director | 08-May-2015 | Current |
Hulya Kefeli  | Nominee Director | 26-Nov-2020 | Current |
| Chandra Ghosh | Whole-Time Director | 10-Jul-2024 | Current |
| Arun Shrivastava | Director | 21-Jun-2021 | Current |
| Arup Kumar | Nominee Director | 30-Mar-2023 | Current |
| Arindam Banik | Director | 03-Feb-2021 | Current |
Financial Performance of Bandhan Financial Services.
Bandhan Financial Services Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 95.48% decrease. The company also saw a substantial fall in profitability, with a 95.97% decrease in profit. The company's net worth moved up by a moderate rise of 3%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Bandhan Financial Services?
In 2022, Bandhan Financial Services had a promoter holding of 40.73% and a public holding of 59.27%. 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.
Related Corporates (Common Directorship)
Mphasis LimitedPankaj Sood is a mutual person
Genisys Information Systems (India) Private LimitedChandra Ghosh and Arvind Agrawal are mutual person
Bandhan Mutual Fund Trustee LimitedArvind Agrawal is a mutual person
Sidbi Venture Capital LimitedArup Kumar is a mutual person
Singapore Investcorp (India) Private LimitedPankaj Sood is a mutual person
Atishay LimitedArun Shrivastava is a mutual person
Charges (Loans)
Open Charges
₹275.00 Cr
Satisfied Charges
₹17,747.14 Cr
Charges Breakdown by Lending Institutions
- Allahabad Bank : 250.00 Cr
- Corporation Bank : 25.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Sep 2014 | Corporation Bank | ₹25.00 Cr | Open |
| 23 Sep 2014 | Allahabad Bank | ₹100.00 Cr | Open |
| 30 Sep 2013 | Allahabad Bank | ₹150.00 Cr | Open |
| 18 Aug 2015 | State Bank Of India | ₹500.00 Cr | Satisfied |
| 14 Aug 2015 | Indian Overseas Bank | ₹150.00 Cr | Satisfied |
How Many Employees Work at Bandhan Financial Services?
Bandhan Financial Services has a workforce of 4 employees as of Apr 05, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Bandhan 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 Bandhan Financial Services's trajectory.
Rating
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
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 Bandhan Financial Services
Recent activity within the organization
- Annual General Meeting
Bandhan Financial Services Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Director Appointment
Chandra Shekhar Ghosh was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 10 Jul 2024 & has been associated with this company since 8 months 17 days .
- Balance Sheet
Bandhan Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
- Director Appointment
Arup Kumar was appointed as a Nominee Director was appointed as a Nominee Director on 30 Mar 2023 & has been associated with this company since 1 year 11 months .
- Director Appointment
Arvind Agrawal was appointed as a Managing Director was appointed as a Managing Director on 08 Apr 2022 & has been associated with this company since 2 years 11 months .
- Charges
A charge registered on 22 Mar 2010 via Charge ID 10218164 with National Bank For Agriculture And Rural Development was fully satisfied on 28 Mar 2022.
Recent News, Updates & Announcement
Investors Eyeing MFIs to NBFC Conversion for Increased Profitability #InvestorConfidence #MoneyMoves.Investors be like "More deals, more money!" Experts say MFIs might become NBFCs for better business. #InvestorConfidence #MFIToNBFC #MoneyMoves.
Frequently asked questions
What is the Incorporation or founding date of Bandhan Financial Services Limited?
Bandhan Financial Services Limited was incorporated on 03 Aug 1995.
What is authorized share capital and paid-up capital of Bandhan Financial Services Limited?
The authorized share capital of Bandhan Financial Services Limited is ₹ 150.00 Cr and paid-up capital is ₹ 127.82 Cr.
Who are the current board members & directors of Bandhan Financial Services Limited?
Currently 11 directors are associated with Bandhan Financial Services Limited.
- Chandra Shekhar Ghosh
- Arvind Agrawal
- Pankaj Sood
- Arun Shrivastava
- Arup Kumar
- Hulya Kefeli
- Arindam Banik
- Subrata Mandal
- Amit Kumar Hazra
- Amrit Daga
- Biplab Kumar Mani
What is the registered address of Bandhan Financial Services Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Bandhan Financial Services Limited is Dn-32 Sector-V, Salt Lake City India, Kolkata, West Bengal, 700091.
What is the corporate identification number (CIN) and company number of Bandhan Financial Services Limited?
The corporate identification number (CIN) of Bandhan Financial Services Limited is U70101WB1995PLC073339 and the company number is 073339 as per Ministry of Corporate Affairs (MCA).
What is the official website of Bandhan Financial Services Limited?
The Official website of Bandhan Financial Services Limited is https://www.bandhanmf.com
What has been the recent revenue trend for Bandhan Financial Services Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Bandhan Financial Services Limited has fallen by -95.48%.
How many employees does Bandhan Financial Services Limited currently have?
As Per 2022 financial reports, 4 employees are currently employed by Bandhan Financial Services Limited.
What change has been observed in the net worth of Bandhan Financial Services Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Bandhan Financial Services Limited has experienced an upsurge of 3.00%.
What are the total open charges for Bandhan Financial Services Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Bandhan Financial Services Limited amount to ₹ 275.00 Cr.
When was the last Balance Sheet of Bandhan Financial Services Limited filed with the ROC?
The most recent Balance Sheet for Bandhan Financial Services Limited was filed with the ROC on 31 Mar 2024.
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