Earnest Towers Private Limited

Founded in 2007 and headquartered in Maharashtra, India.

2007 | Mumbai, Maharashtra (India) | Active
Last Updated: July 16, 2024

Earnest Towers Profile

Key Indicators

  • Authorised Capital ₹ 700.00 Cr
  • Paid Up Capital ₹ 154.63 Cr
  • Company Age 17 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1,050.00 Cr
  • Satisfied Charges ₹ 4,616.43 Cr
  • Revenue Growth 21.90%
  • Profit Growth 34.12%
  • Ebitda 27.46%
  • Net Worth 0.42%
  • Total Assets -10.21%

About Earnest Towers

Earnest Towers Private Limited (ETPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 12 September 2007 and has a history of 17 years and five months. 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 2024. It's a company limited by shares with an authorized capital of Rs 700.00 Cr and a paid-up capital of Rs 154.63 Cr.

The company currently has active open charges totaling ₹1,050.00 Cr. The company has closed loans amounting to ₹4,616.43 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Earnest Towers Private Limited India is Lavanya Kumar as COMPANY SECRETARY. Rajendran Subramaniam, Abhishek Agrawal, Vinitha Menon, and One other member serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    fifc.co.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U70101MH2007PTC302758

  • Company No.

    302758

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Sep 2007

  • Date of AGM

    22 Jun 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services
Real Estate and Construction

Who are the key members and board of directors at Earnest Towers?

Executive Team (1)

NameDesignationAppointment DateStatus
Lavanya Kumar Company Secretary09-Aug-2023Current

Board Members (4)

NameDesignationAppointment DateStatus
Rajendran Subramaniam Country flag representing In Nominee Director 06-May-2019Current
Abhishek Agrawal Country flag representing In Nominee Director 06-Nov-2020Current
Vinitha Menon Country flag representing In Nominee Director 13-Mar-2023Current
Ritwik Bhattacharjee Country flag representing In Nominee Director Current

Financial Performance of Earnest Towers.

Earnest Towers Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 21.9% increase. The company also saw a substantial improvement in profitability, with a 34.12% increase in profit. The company's net worth moved up by a moderate rise of 0.42%.

Graph illustrating revenue growth over time
Graph showing 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
21.90%
Revenue from Operations
24.46%
Total Assets
-10.21%
Profit or Loss
34.12%
Net Worth
0.42%
EBITDA
27.46%

What is the Ownership and Shareholding Structure of Earnest Towers?

In 2023, Earnest Towers had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,050.00 Cr

Satisfied Charges

₹4,616.43 Cr

Charges Breakdown by Lending Institutions

  • Others : 1050.00 Cr

Latest Charge Details

DateLenderAmountStatus
21 Sep 2023Others₹1,050.00 CrOpen
11 Jun 2019Others₹3,650.00 CrSatisfied
07 Dec 2017Others₹85.00 CrSatisfied
14 Mar 2016Others₹135.00 CrSatisfied
20 Dec 2013Housing Development Finance Corporation Limited₹86.00 CrSatisfied

How Many Employees Work at Earnest Towers?

Earnest Towers has a workforce of 3 employees as of Mar 22, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Earnest Towers, 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 Earnest Towers'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 Earnest Towers

Recent activity within the organization

  • Annual General Meeting

    Earnest Towers Private Limited last Annual general meeting of members was held on 22 Jun 2024 as per latest MCA records.

    22 Jun 2024

  • Balance Sheet

    Earnest Towers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Charges

    A charge with Others amounted to Rs. 1,050.00 Cr with Charge ID 100816952 was registered on 21 Sep 2023.

    21 Sep 2023

  • Director Appointment

    Lavanya Kumar was appointed as a Company Secretary was appointed as a Company Secretary on 09 Aug 2023 & has been associated with this company since 1 year 6 months .

    09 Aug 2023

  • Director Appointment

    Vinitha Menon was appointed as a Nominee Director was appointed as a Nominee Director on 13 Mar 2023 & has been associated with this company since 1 year 11 months .

    13 Mar 2023

  • Charges

    A charge registered on 11 Jun 2019 via Charge ID 100278968 with Others was fully satisfied on 02 Nov 2021.

    02 Nov 2021

Frequently asked questions

  • Earnest Towers Private Limited was incorporated on 12 Sep 2007.

  • The authorized share capital of Earnest Towers Private Limited is ₹ 700.00 Cr and paid-up capital is ₹ 154.63 Cr.

  • Currently 5 directors are associated with Earnest Towers Private Limited.

    • Rajendran Subramaniam
    • Abhishek Agrawal
    • Vinitha Menon
    • Lavanya Kumar
    • Ritwik Bhattacharjee
  • As per Ministry of Corporate Affairs (Mca), the registered address of Earnest Towers Private Limited is Plotno.C-54&C-55GblockBandrakurlacomplexBandraeast, Mumbai, Maharashtra, India, 400098.

  • The corporate identification number (CIN) of Earnest Towers Private Limited is U70101MH2007PTC302758 and the company number is 302758 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Earnest Towers Private Limited is https://www.fifc.co.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Earnest Towers Private Limited has risen by 21.90%.

  • As Per 2023 financial reports, 3 employees are currently employed by Earnest Towers Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Earnest Towers Private Limited has experienced an upsurge of 0.42%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Earnest Towers Private Limited amount to ₹ 1,050.00 Cr.

  • The most recent Balance Sheet for Earnest Towers Private Limited was filed with the ROC on 31 Mar 2024.

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