Choice Finserv Profile
Key Indicators
- Authorised Capital ₹ 80.00 Cr
- Paid Up Capital ₹ 77.45 Cr
- Company Age 8 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 354.20 Cr
- Satisfied Charges ₹ 53.25 Cr
- Revenue Growth 18.93%
- Profit Growth -72.04%
- Ebitda -32.34%
- Net Worth 21.24%
- Total Assets -7.16%
About Choice Finserv
Choice Finserv Private Limited (CFPL) is a Private Limited Indian Non-Government Company incorporated in India on 01 June 2016 (Eight years and eight months 22 days old ). Its registered office is in Mumbai, Maharashtra, India.
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 80.00 Cr and a paid-up capital of Rs 77.45 Cr.
The company currently has active open charges totaling ₹354.20 Cr. The company has closed loans amounting to ₹53.25 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Choice Finserv Private Limited India are Manoj Sighania as Cfo, Vijendra Shekhawat as Ceo, and Karishma Shah as Company Secretary. Kamal Poddar, Sandeep Kumar, Arun Poddar, and Four other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
- Apps
Corporate Identity Details
- CIN/LLPIN
U74999MH2016PTC281908
- Company No.
281908
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
01 Jun 2016
- Date of AGM
24 Aug 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Choice Finserv?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Manoj Sighania  | CFO | 13-Aug-2021 | Current |
| Vijendra Shekhawat | CEO | 16-Dec-2021 | Current |
| Karishma Shah | Company Secretary | 01-Sep-2018 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sandeep Kumar | Director | 13-Aug-2021 | Current |
| Kamal Poddar | Whole-Time Director | 01-Jun-2016 | Current |
| Ajay Kejriwal | Director | 01-Jun-2016 | Current |
| Arun Poddar | Additional Director | Current | |
| Vijendra Shekhawat | Director and Ceo | 30-Sep-2022 | Current |
| Anil Aggarwal | Director | 13-Jul-2023 | Current |
Financial Performance of Choice Finserv.
Choice Finserv Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 18.93% increase. The company also saw a substantial fall in profitability, with a 72.04% decrease in profit. The company's net worth Soared by an impressive increase of 21.24%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Choice Finserv?
In 2023, Choice Finserv had a promoter holding of 94.80% and a public holding of 5.20%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Navkar Corporation LimitedSandeep Kumar is a mutual person
Shreeyam Trade Dynamics Private LimitedKamal Poddar and Arun Poddar are mutual person
Choice Tech Lab Solutions Private LimitedArun Poddar is a mutual person
Choice Consultancy Services Private LimitedKamal Poddar and Arun Poddar are mutual person
Choice International LimitedKamal Poddar, Sandeep Kumar and 4 more are mutual person
- Choice Capital Advisors Private Limited
Arun Poddar is a mutual person
Charges (Loans)
₹354.20 Cr
₹53.25 Cr
Charges Breakdown by Lending Institutions
- Others : 305.99 Cr
- State Bank Of India : 28.00 Cr
- Sidbi : 20.00 Cr
- Hdfc Bank Limited : 0.22 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Mar 2024 | Others | ₹15.00 Cr | Open |
| 27 Mar 2024 | Sidbi | ₹20.00 Cr | Open |
| 27 Mar 2024 | Others | ₹10.00 Cr | Open |
| 02 Mar 2024 | Others | ₹6.00 Cr | Open |
| 30 Jan 2024 | Others | ₹10.00 Cr | Open |
How Many Employees Work at Choice Finserv?
Choice Finserv has a workforce of 539 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 Choice Finserv, 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 Choice Finserv'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.
