Best Finance Corporation Profile
Key Indicators
- Authorised Capital ₹ 22.53 Cr
- Paid Up Capital ₹ 22.52 Cr
- Company Age 15 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 265.00 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 five months. Its registered office is in Coimbatore, 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 2024. It's a company limited by shares with an authorized capital of Rs 22.53 Cr and a paid-up capital of Rs 22.52 Cr.
The company currently has active open charges totaling ₹265.00 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. Muruganantham Marimuthu, Mahadanapuram Krishnan, Rajkumar Shivan, and Four other members serve as directors at the Company.
Company Details
- Location
Coimbatore, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U65921TZ2009PLC015595
- Company No.
015595
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
13 Nov 2009
- Date of AGM
16 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Financial Services
Best Finance Corporation Limited
Explore comprehensive data for Best Finance Corporation Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Best Finance Corporation?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Gokila Subramani  | Company Secretary | 10-Jun-2020 | Current |
| Rajkumar Ramasamy | Managing Director | 13-Nov-2009 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Mahadanapuram Krishnan | Director | 28-Jun-2024 | Current |
| Muruganantham Marimuthu | Director | 11-Nov-2024 | Current |
| Rajkumar Shivan | Director | 18-Sep-2024 | Current |
| Ponnusamy Saravanan | Director | 20-Feb-2021 | Current |
| Sennimalaigounder Ramasamy | Director | 30-Sep-2019 | Current |
| Duraisamy Sampath | Director | 18-Sep-2024 | 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
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
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Charges (Loans)
Open Charges
₹265.00 Cr
Satisfied Charges
₹67.19 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 210.00 Cr
- Others : 30.00 Cr
- Dhanlaxmi Bank Limited : 25.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Dec 2024 | Dhanlaxmi Bank Limited | ₹25.00 Cr | Open |
| 12 Nov 2024 | Others | ₹30.00 Cr | Open |
| 02 May 2016 | State Bank Of India | ₹210.00 Cr | Open |
| 05 Mar 2020 | Others | ₹25.00 Cr | Satisfied |
| 12 Jul 2019 | Others | ₹17.19 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.
Latest Updates, News, and FAQs on Best Finance Corporation
Recent activity within the organization
- Charges
A charge with Dhanlaxmi Bank Limited amounted to Rs. 25.00 Cr with Charge ID 101024865 was registered on 27 Dec 2024.
- Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 101010058 was registered on 12 Nov 2024.
- Director Appointment
Muruganantham Marimuthu was appointed as a Director was appointed as a Director on 11 Nov 2024 & has been associated with this company since 5 months 29 days .
- Director Appointment
Rajkumar Aadithya Shivan was appointed as a Director was appointed as a Director on 18 Sep 2024 & has been associated with this company since 7 months 22 days .
- Director Appointment
Duraisamy Sampath was appointed as a Director was appointed as a Director on 18 Sep 2024 & has been associated with this company since 7 months 22 days .
- Annual General Meeting
Best Finance Corporation Limited last Annual general meeting of members was held on 16 Aug 2024 as per latest MCA records.
Frequently asked questions
What is the Incorporation or founding date of Best Finance Corporation Limited?
Best Finance Corporation Limited was incorporated on 13 Nov 2009.
What is authorized share capital and paid-up capital of Best Finance Corporation Limited?
The authorized share capital of Best Finance Corporation Limited is ₹ 22.53 Cr and paid-up capital is ₹ 22.52 Cr.
Who are the current board members & directors of Best Finance Corporation Limited?
Currently 8 directors are associated with Best Finance Corporation Limited.
- Muruganantham Marimuthu
- Mahadanapuram Venkatachalam Krishnan
- Rajkumar Aadithya Shivan
- Ponnusamy Sivasubramanian Saravanan
- Sennimalaigounder Ramasamy
- Duraisamy Sampath
- Gokila Mani Subramani
- Rajkumar Ramasamy
What is the registered address of Best Finance Corporation Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Best Finance Corporation Limited is 89/2 Padmavathi Puram Avinashi Road, India, Tirupur, Tamil Nadu, 641603.
What is the corporate identification number (CIN) and company number of Best Finance Corporation Limited?
The corporate identification number (CIN) of Best Finance Corporation Limited is U65921TZ2009PLC015595 and the company number is 015595 as per Ministry of Corporate Affairs (MCA).
What is the official website of Best Finance Corporation Limited?
The Official website of Best Finance Corporation Limited is https://www.bestfinance.in
What has been the recent revenue trend for Best Finance Corporation Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Best Finance Corporation Limited has fallen by -3.83%.
How many employees does Best Finance Corporation Limited currently have?
As Per 2023 financial reports, 392 employees are currently employed by Best Finance Corporation Limited.
What change has been observed in the net worth of Best Finance Corporation Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Best Finance Corporation Limited has experienced an upsurge of 22.22%.
What are the total open charges for Best Finance Corporation Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Best Finance Corporation Limited amount to ₹ 265.00 Cr.
When was the last Balance Sheet of Best Finance Corporation Limited filed with the ROC?
The most recent Balance Sheet for Best Finance Corporation Limited was filed with the ROC on 31 Mar 2024.
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