Best Finance Corporation Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 13.21 Cr
- Company Age 15 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 140.00 Cr
- Satisfied Charges ₹ 67.19 Cr
- Revenue Growth -3.83%
- Profit Growth -6.31%
- Ebitda -10.68%
- Net Worth 22.22%
- Total Assets 23.77%
About Best Finance Corporation
Best Finance Corporation Limited (BFCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 13 November 2009 and has a history of 15 years and three months. Its registered office is in Tirupur, Tamil Nadu, India.
The Corporate was formerly known as Best Finance Corporation 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 2023. It's a company limited by shares with an authorized capital of Rs 15.00 Cr and a paid-up capital of Rs 13.21 Cr.
The company currently has active open charges totaling ₹140.00 Cr. The company has closed loans amounting to ₹67.19 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Best Finance Corporation Limited India is Gokila Subramani as COMPANY SECRETARY. Rajkumar Ramasamy, Duraisamy Sampath, Ponnusamy Saravanan, and Three other members serve as directors at the Company.
Company Details
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Location
Tirupur, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
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Corporate Identity Details
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CIN/LLPIN
U65921TZ2009PLC015595
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Company No.
015595
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
13 Nov 2009
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Date of AGM
08 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Coimbatore
Industry
Who are the key members and board of directors at Best Finance Corporation?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajkumar Ramasamy
|
Managing Director | 13-Nov-2009 | Current |
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Gokila Subramani
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Company Secretary | 10-Jun-2020 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Duraisamy Sampath
|
Director | 20-Feb-2021 | Current |
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Ponnusamy Saravanan
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Director | 20-Feb-2021 | Current |
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Vivek Vasudevan
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Director | 20-Feb-2021 | Current |
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Sennimalaigounder Ramasamy
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Director | 30-Sep-2019 | Current |
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Dhanapal Ramasamy
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Director | 13-Nov-2009 | Current |
Financial Performance of Best Finance Corporation.
Best Finance Corporation Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 3.83% decrease. The company also saw a slight decrease in profitability, with a 6.31% decrease in profit. The company's net worth Soared by an impressive increase of 22.22%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Best Finance Corporation?
In 2023, Best Finance Corporation had a promoter holding of 90.19% and a public holding of 9.81%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Rrd Tex Private LimitedRajkumar Ramasamy and Dhanapal Ramasamy are mutual person
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Rrd Apparels Private LimitedDhanapal Ramasamy is a mutual person
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Ark Innovations Private LimitedDhanapal Ramasamy is a mutual person
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Best Lan Garments Private LimitedRajkumar Ramasamy and Dhanapal Ramasamy are mutual person
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Best Knitwear Export Private LimitedSennimalaigounder Ramasamy is a mutual person
Charges (Loans)
₹140.00 Cr
₹67.19 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 140.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 May 2016 | State Bank Of India | ₹140.00 Cr | Open |
| 05 Mar 2020 | Others | ₹25.00 Cr | Satisfied |
| 12 Jul 2019 | Others | ₹17.19 Cr | Satisfied |
| 28 Dec 2011 | Indian Overseas Bank | ₹25.00 Cr | Satisfied |
How Many Employees Work at Best Finance Corporation?
Best Finance Corporation has a workforce of 392 employees as of Mar 28, 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 Best Finance Corporation, 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 Best Finance Corporation'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.
