Eastern Financiers Ltd

Financial consulting and investment services in Eastern India since 1986.

1986 | Kolkata, West Bengal (India) | Active
Last Updated:

Eastern Financiers Profile

Key Indicators

  • Authorised Capital ₹ 7.50 Cr
  • Paid Up Capital ₹ 2.44 Cr
  • Company Age 38 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 6.79 Cr
  • Satisfied Charges ₹ 2.56 Cr
  • Revenue Growth -7.36%
  • Profit Growth 191.82%
  • Ebitda -48.84%
  • Net Worth 9.42%
  • Total Assets 11.37%

About Eastern Financiers

Eastern Financiers Ltd (EFL) is a leading Public Limited Indian Non-Government Company incorporated in India on 14 October 1986 and has a history of 38 years and six months. Its registered office is in Kolkata, West Bengal, India.

The Corporate was formerly known as Eastern Financiers Private Ltd. 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 7.50 Cr and a paid-up capital of Rs 2.44 Cr.

The company currently has active open charges totaling ₹6.79 Cr. The company has closed loans amounting to ₹2.56 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Eastern Financiers Ltd India is Nisha Agarwal as COMPANY SECRETARY. Abhishek Agarwal, Ambrish Agarwal, Ajoy Agarwal, and Four other members serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65999WB1986PLC041392

  • Company No.

    041392

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    14 Oct 1986

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Financial Services

What products or services does Eastern Financiers Ltd offer?

Eastern Financiers Ltd offers a wide range of products and services, including Insurance Agents and Services, Life Insurance, Automotive Insurance, Stock Trading/Money Market, Currency Trading Services, Insurance Service, Health Insurance.

Company report

Eastern Financiers Ltd

Explore comprehensive data for Eastern Financiers Ltd, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Eastern Financiers?

Executive Team (2)

NameDesignationAppointment DateStatus
Ajoy Agarwal Country flag representing In Managing Director14-Oct-1986Current
Nisha Agarwal Company Secretary22-May-2024Current

Board Members (6)

NameDesignationAppointment DateStatus
Abhishek Agarwal Country flag representing In Whole-Time Director 10-Oct-1999Current
Ambrish Agarwal Country flag representing In Whole-Time Director 02-Feb-2001Current
Sudhir Ahuja Country flag representing In Director 01-Nov-2021Current
Anirudha Agarwalla Country flag representing In Director 24-Aug-2015Current
Sugam Madhogaria Country flag representing In Director 01-Jan-2015Current
Ritesh Jain Country flag representing In Director 19-May-2021Current

Financial Performance of Eastern Financiers.

Eastern Financiers Ltd, for the financial year ended 2021, experienced Minor drop in revenue, with a 7.36% decrease. The company also saw a substantial improvement in profitability, with a 191.82% increase in profit. The company's net worth moved up by a moderate rise of 9.42%.

Eastern Financiers revenue growth over time
Eastern Financiers 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
-7.36%
Revenue from Operations
-14.45%
Total Assets
11.37%
Profit or Loss
191.82%
Net Worth
9.42%
EBITDA
-48.84%

What is the Ownership and Shareholding Structure of Eastern Financiers?

In 2021, Eastern Financiers had a promoter holding of 99.69% and a public holding of 0.31%. The company had 2 Subsidiaries and 3 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹6.79 Cr

Satisfied Charges

₹2.56 Cr

Charges Breakdown by Lending Institutions

  • Others : 6.65 Cr
  • Hdfc Bank Limited : 0.14 Cr

Latest Charge Details

DateLenderAmountStatus
27 Mar 2024Others₹6.48 MOpen
15 Jun 2023Others₹5.00 CrOpen
29 Apr 2023Others₹1.00 CrOpen
29 Apr 2022Hdfc Bank Limited₹1.41 MOpen
20 Feb 2020Others₹2.50 MSatisfied

How Many Employees Work at Eastern Financiers?

Eastern Financiers has a workforce of 76 employees as of Apr 06, 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.

Employee growth trends for Eastern Financiers Ltd

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Eastern Financiers, 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 Eastern Financiers'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 Eastern Financiers

Recent activity within the organization

  • Annual General Meeting

    Eastern Financiers Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Director Appointment

    Nisha Agarwal was appointed as a Company Secretary was appointed as a Company Secretary on 22 May 2024 & has been associated with this company since 11 months 12 days .

  • Balance Sheet

    Eastern Financiers Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.

  • Charges

    A charge with Others amounted to Rs. 0.65 Cr with Charge ID 100941149 was registered on 27 Mar 2024.

  • Charges

    A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100741049 was registered on 15 Jun 2023.

  • Charges

    A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100732910 was registered on 29 Apr 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Eastern Financiers Ltd?

    Eastern Financiers Ltd was incorporated on 14 Oct 1986.

  • What is authorized share capital and paid-up capital of Eastern Financiers Ltd?

    The authorized share capital of Eastern Financiers Ltd is ₹ 7.50 Cr and paid-up capital is ₹ 2.44 Cr.

  • Who are the current board members & directors of Eastern Financiers Ltd?

    Currently 8 directors are associated with Eastern Financiers Ltd.

    • Abhishek Agarwal
    • Ambrish Agarwal
    • Ajoy Agarwal
    • Sudhir Desh Ahuja
    • Anirudha Agarwalla
    • Sugam Madhogaria
    • Ritesh Jain
    • Nisha Agarwal

  • What is the registered address of Eastern Financiers Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Eastern Financiers Ltd is Lords 7/1 Lord Sinha Road 1St Floor Suite No.102 104, India, Kolkata, West Bengal, 700071.

  • What is the corporate identification number (CIN) and company number of Eastern Financiers Ltd?

    The corporate identification number (CIN) of Eastern Financiers Ltd is U65999WB1986PLC041392 and the company number is 041392 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Eastern Financiers Ltd?

    The Official website of Eastern Financiers Ltd is https://www.easternfin.com

  • What has been the recent revenue trend for Eastern Financiers Ltd?

    According to the financial reports for the fiscal year 2021, the revenue trend for Eastern Financiers Ltd has fallen by -7.36%.

  • How many employees does Eastern Financiers Ltd currently have?

    As Per 2021 financial reports, 76 employees are currently employed by Eastern Financiers Ltd.

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

    The financial reports for the fiscal year 2021 indicates that The net worth of Eastern Financiers Ltd has experienced an upsurge of 9.42%.

  • What are the total open charges for Eastern Financiers Ltd?

    As per the financial statements for fiscal Year 2021, The total open charges for Eastern Financiers Ltd amount to ₹ 6.79 Cr.

  • When was the last Balance Sheet of Eastern Financiers Ltd filed with the ROC?

    The most recent Balance Sheet for Eastern Financiers Ltd was filed with the ROC on 31 Mar 2024.

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