Deccan Finance Profile
Key Indicators
- Authorised Capital ₹ 9.00 Cr
- Paid Up Capital ₹ 5.58 Cr
- Company Age 46 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 75.84 Cr
- Satisfied Charges ₹ 20.68 Cr
- Revenue Growth 73.14%
- Profit Growth -218.43%
- Ebitda 62.74%
- Net Worth 21.43%
- Total Assets 73.24%
About Deccan Finance
Deccan Finance Limited (DFL) is a leading Public Limited Indian Non-Government Company incorporated in India on 02 November 1978 and has a history of 46 years and four months. Its registered office is in Chennai, Tamil Nadu, India.
The Corporate was formerly known as Darda Investments 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 9.00 Cr and a paid-up capital of Rs 5.58 Cr.
The company currently has active open charges totaling ₹75.84 Cr. The company has closed loans amounting to ₹20.68 Cr, as per Ministry of Corporate Affairs (MCA) records.
Kailashmull Dugar, Ramana Krishna, Dugar Hemant, and Two other members serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U65910TN1978PLC007632
- Company No.
007632
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
02 Nov 1978
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Financial Services
Who are the key members and board of directors at Deccan Finance?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sanjay Bhansali  | Managing Director | 01-Mar-2007 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Dugar Hemant | Director | 21-Nov-2018 | Current |
| Abhay Mehta | Director | 22-May-2019 | Current |
| Kailashmull Dugar | Director | 01-Apr-2015 | Current |
| Ramana Krishna | Director | 09-Mar-1992 | Current |
Financial Performance of Deccan Finance.
Deccan Finance Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 73.14% increase. The company also saw a substantial fall in profitability, with a 218.43% decrease in profit. The company's net worth Soared by an impressive increase of 21.43%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Deccan Finance?
In 2023, Deccan Finance had a promoter holding of 89.61% and a public holding of 10.39%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
South India Hire Purchase AssociationDugar Hemant is a mutual person
G K Shetty Builders Private LimitedRamana Krishna is a mutual person
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Finance Companies' Association (India)Sanjay Bhansali is a mutual person
Tulive Developers LimitedRamana Krishna is a mutual person
Prapus Systems Private LimitedKailashmull Dugar is a mutual person
- Ahimsaa Research Foundation
Kailashmull Dugar and Abhay Mehta are mutual person
Charges (Loans)
Open Charges
₹75.84 Cr
Satisfied Charges
₹20.68 Cr
Charges Breakdown by Lending Institutions
- Others : 60.72 Cr
- State Bank Of India : 10.12 Cr
- Indian Overseas Bank : 5.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Apr 2024 | Others | ₹4.00 Cr | Open |
| 10 Jun 2023 | Others | ₹5.00 Cr | Open |
| 22 Mar 2023 | Others | ₹3.00 Cr | Open |
| 16 Nov 2022 | Indian Overseas Bank | ₹5.00 Cr | Open |
| 29 Oct 2022 | Others | ₹5.50 Cr | Open |
How Many Employees Work at Deccan Finance?
Deccan Finance has a workforce of 216 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 Deccan 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 Deccan Finance'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 Deccan Finance
Recent activity within the organization
- Charges
A charge registered on 10 Jun 2022 via Charge ID 100586064 with Others was fully satisfied on 26 Sep 2024.
- Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 100930838 was registered on 05 Apr 2024.
- Annual General Meeting
Deccan Finance Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Charges
A charge with Others of Rs. 2.00 Cr registered on 10 Jun 2022 with Charge ID 100586064 was modified on 20 Jul 2023.
- Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100763864 was registered on 10 Jun 2023.
- Charges
A charge registered on 12 Sep 2013 via Charge ID 10452100 with Gda Trusteeship Limited was fully satisfied on 24 Apr 2023.
Frequently asked questions
What is the Incorporation or founding date of Deccan Finance Limited?
Deccan Finance Limited was incorporated on 02 Nov 1978.
What is authorized share capital and paid-up capital of Deccan Finance Limited?
The authorized share capital of Deccan Finance Limited is ₹ 9.00 Cr and paid-up capital is ₹ 5.58 Cr.
Who are the current board members & directors of Deccan Finance Limited?
Currently 5 directors are associated with Deccan Finance Limited.
- Kailashmull Dugar
- Ramana Shetty Venkata Krishna
- Dugar Hemant
- Sanjay Bhansali
- Abhay S Mehta
What is the registered address of Deccan Finance Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Deccan Finance Limited is No.20 3Rd Floor, Pycrofts Garden Road Nungambakkam India, Chennai, Tamil Nadu, 600006.
What is the corporate identification number (CIN) and company number of Deccan Finance Limited?
The corporate identification number (CIN) of Deccan Finance Limited is U65910TN1978PLC007632 and the company number is 007632 as per Ministry of Corporate Affairs (MCA).
What is the official website of Deccan Finance Limited?
The Official website of Deccan Finance Limited is https://www.myridefinance.com
What has been the recent revenue trend for Deccan Finance Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Deccan Finance Limited has risen by 73.14%.
How many employees does Deccan Finance Limited currently have?
As Per 2023 financial reports, 216 employees are currently employed by Deccan Finance Limited.
What change has been observed in the net worth of Deccan Finance Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Deccan Finance Limited has experienced an upsurge of 21.43%.
What are the total open charges for Deccan Finance Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Deccan Finance Limited amount to ₹ 75.84 Cr.
When was the last Balance Sheet of Deccan Finance Limited filed with the ROC?
The most recent Balance Sheet for Deccan Finance Limited was filed with the ROC on 31 Mar 2023.
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