Commitment Finance Ltd

Financial services company providing investments, loans, and financing for industrial enterprises.

1990 | Kolkata, West Bengal (India) | Active
Last Updated:

Commitment Finance Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 4.90 Cr
  • Company Age 34 Year, 2 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth -80.53%
  • Profit Growth -121.93%
  • Ebitda -180.60%
  • Net Worth -5.92%
  • Total Assets 0.34%

About Commitment Finance

Commitment Finance Ltd (CFL) is a Public Limited Indian Non-Government Company incorporated in India on 18 December 1990 and has a history of 34 years and two months. Its registered office is in Kolkata, West Bengal, 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 5.00 Cr and a paid-up capital of Rs 4.90 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Commitment Finance Ltd India are Sumit Ladia as COMPANY SECRETARY and Turlapati Rao as Cfo. Sanjay Khazanchi, Megha Jain, and Rajesh Singhal serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    L65923WB1990PLC050406

  • Company No.

    050406

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    18 Dec 1990

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Kolkata

Industry

Financial Services

Who are the key members and board of directors at Commitment Finance?

Executive Team (3)

NameDesignationAppointment DateStatus
Rajesh Singhal Country flag representing In Managing Director10-Oct-2017Current
Sumit Ladia Country flag representing In Company Secretary30-Nov-2023Current
Turlapati Rao CFO03-Oct-2023Current

Board Members (2)

NameDesignationAppointment DateStatus
Megha Jain Country flag representing In Director 28-Jun-2017Current
Sanjay Khazanchi Country flag representing In Director 07-May-2018Current

Financial Performance of Commitment Finance.

Commitment Finance Ltd, for the financial year ended 2023, experienced significant reduction in revenue, with a 80.53% decrease. The company also saw a substantial fall in profitability, with a 121.93% decrease in profit. The company's net worth dipped by a decrease of 5.92%.

Commitment Finance revenue growth over time
Commitment Finance 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
-80.53%
Revenue from Operations
-73.18%
Total Assets
0.34%
Profit or Loss
-121.93%
Net Worth
-5.92%
EBITDA
-180.60%

What is the Ownership and Shareholding Structure of Commitment Finance?

In 2023, Commitment Finance had a promoter holding of 16.56% and a public holding of 83.44%. The company had 2 Subsidiaries. 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 Commitment Finance?

Unlock and access historical data on people associated with Commitment Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Commitment Finance Ltd

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Commitment Finance, 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 Commitment Finance'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 Commitment Finance

Recent activity within the organization

  • Director Appointment

    Sumit Kumar Ladia was appointed as a Company Secretary was appointed as a Company Secretary on 30 Nov 2023 & has been associated with this company since 1 year 3 months .

  • Director Appointment

    Turlapati Venkatachalapathi Rao was appointed as a Cfo was appointed as a Cfo on 03 Oct 2023 & has been associated with this company since 1 year 5 months .

  • Annual General Meeting

    Commitment Finance Ltd last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Commitment Finance Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.

  • Director Appointment

    Sanjay Khazanchi was appointed as a Director was appointed as a Director on 07 May 2018 & has been associated with this company since 6 years 9 months .

  • Director Appointment

    Rajesh Singhal was appointed as a Managing Director was appointed as a Managing Director on 10 Oct 2017 & has been associated with this company since 7 years 4 months .

Frequently asked questions

  • What is the Incorporation or founding date of Commitment Finance Ltd?

    Commitment Finance Ltd was incorporated on 18 Dec 1990.

  • What is authorized share capital and paid-up capital of Commitment Finance Ltd?

    The authorized share capital of Commitment Finance Ltd is ₹ 5.00 Cr and paid-up capital is ₹ 4.90 Cr.

  • Who are the current board members & directors of Commitment Finance Ltd?

    Currently 5 directors are associated with Commitment Finance Ltd.

    • Sanjay Khazanchi
    • Megha Jain
    • Rajesh Singhal
    • Sumit Kumar Ladia
    • Turlapati Venkatachalapathi Rao

  • What is the registered address of Commitment Finance Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Commitment Finance Ltd is 159, Rabindra Sarani 3Rd Floor Room No 3C India, Kolkata, West Bengal, 700007.

  • What is the corporate identification number (CIN) and company number of Commitment Finance Ltd?

    The corporate identification number (CIN) of Commitment Finance Ltd is L65923WB1990PLC050406 and the company number is 050406 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Commitment Finance Ltd?

    The Official website of Commitment Finance Ltd is https://www.commitmentfinance.net.in

  • What has been the recent revenue trend for Commitment Finance Ltd?

    According to the financial reports for the fiscal year 2023, the revenue trend for Commitment Finance Ltd has fallen by -80.53%.

  • What change has been observed in the net worth of Commitment Finance Ltd, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Commitment Finance Ltd has experienced an downturn of -5.92%.

  • When was the last Balance Sheet of Commitment Finance Ltd filed with the ROC?

    The most recent Balance Sheet for Commitment Finance Ltd was filed with the ROC on 31 Mar 2023.

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