Fasttrack Housing Finance Limited

Provides housing finance solutions to individuals and small businesses in India since 2005.

2005 | Parel, Maharashtra (India) | Active
Last Updated:

Fasttrack Housing Finance Profile

Key Indicators

  • Authorised Capital ₹ 7.50 M
  • Paid Up Capital ₹ 6.26 M
  • Company Age 19 Year, 2 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 48.00 Cr
  • Revenue Growth 15.12%
  • Profit Growth 1552.67%
  • Ebitda -4.72%
  • Net Worth 4.03%
  • Total Assets 62.31%

About Fasttrack Housing Finance

Fasttrack Housing Finance Limited (FHFL) is a leading Public Limited Indian Non-Government Company incorporated in India on 20 December 2005 and has a history of 19 years and two months. Its registered office is in Parel, Maharashtra, India.

The Corporate was formerly known as Fasttrack Housing Finance 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 7.50 M and a paid-up capital of Rs 6.26 M.

The company currently has active open charges totaling ₹48.00 Cr.

Sudhir Valia, Paras Mehta, Mukesh Unadkat, and Two other members serve as directors at the Company.

Company Details

  • Location

    Parel, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    fasttrackhfc.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65993MH2005PLC158168

  • Company No.

    158168

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    20 Dec 2005

  • Date of AGM

    14 Jul 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services

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

Board Members (5)

NameDesignationAppointment DateStatus
Sudhir Valia Country flag representing In Director 10-Jun-2014Current
Paras Mehta Country flag representing In Director 27-Aug-2021Current
Mukesh Unadkat Country flag representing In Director 22-Dec-2021Current
Ramesh Jain Country flag representing In Additional Director 28-Aug-2023Current
Shradha Panchamia Country flag representing In Director 14-Apr-2016Current

Financial Performance of Fasttrack Housing Finance.

Fasttrack Housing Finance Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 15.12% increase. The company also saw a substantial improvement in profitability, with a 1552.67% increase in profit. The company's net worth moved up by a moderate rise of 4.03%.

Fasttrack Housing Finance revenue growth over time
Fasttrack Housing 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
15.12%
Revenue from Operations
20.01%
Total Assets
62.31%
Profit or Loss
1552.67%
Net Worth
4.03%
EBITDA
-4.72%

What is the Ownership and Shareholding Structure of Fasttrack Housing Finance?

In 2023, Fasttrack Housing Finance had a promoter holding of 0.21% and a public holding of 99.79%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹480.00 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Sbicap Trustee Company Limited : 48.00 Cr

Latest Charge Details

DateLenderAmountStatus
27 Jun 2022Sbicap Trustee Company Limited₹48.00 CrOpen

How Many Employees Work at Fasttrack Housing Finance?

Fasttrack Housing Finance has a workforce of 241 employees as of Apr 08, 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 Fasttrack Housing Finance Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Fasttrack Housing 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 Fasttrack Housing 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 Fasttrack Housing Finance

Recent activity within the organization

  • Charges

    A charge with Sbicap Trustee Company Limited of Rs. 480.00 M registered on 27 Jun 2022 with Charge ID 100590097 was modified on 30 Oct 2023.

  • Director Appointment

    Ramesh Madanlal Jain was appointed as a Additional Director was appointed as a Additional Director on 28 Aug 2023 & has been associated with this company since 1 year 6 months .

  • Annual General Meeting

    Fasttrack Housing Finance Limited last Annual general meeting of members was held on 14 Jul 2023 as per latest MCA records.

  • Balance Sheet

    Fasttrack Housing Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

  • Charges

    A charge with Sbicap Trustee Company Limited amounted to Rs. 480.00 M with Charge ID 100590097 was registered on 27 Jun 2022.

  • Director Appointment

    Mukesh Navinchandra Unadkat was appointed as a Director was appointed as a Director on 22 Dec 2021 & has been associated with this company since 3 years 2 months .

Frequently asked questions

  • What is the Incorporation or founding date of Fasttrack Housing Finance Limited?

    Fasttrack Housing Finance Limited was incorporated on 20 Dec 2005.

  • What is authorized share capital and paid-up capital of Fasttrack Housing Finance Limited?

    The authorized share capital of Fasttrack Housing Finance Limited is ₹ 7.50 M and paid-up capital is ₹ 6.26 M.

  • Who are the current board members & directors of Fasttrack Housing Finance Limited?

    Currently 5 directors are associated with Fasttrack Housing Finance Limited.

    • Sudhir Vrundavandas Valia
    • Paras Bhaskarrai Mehta
    • Mukesh Navinchandra Unadkat
    • Ramesh Madanlal Jain
    • Shradha Jash Panchamia

  • What is the registered address of Fasttrack Housing Finance Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Fasttrack Housing Finance Limited is Iti House 36 Dr. R. K. Shirodkar Road, Parel, Maharashtra, India, 400012.

  • What is the corporate identification number (CIN) and company number of Fasttrack Housing Finance Limited?

    The corporate identification number (CIN) of Fasttrack Housing Finance Limited is U65993MH2005PLC158168 and the company number is 158168 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Fasttrack Housing Finance Limited?

    The Official website of Fasttrack Housing Finance Limited is https://www.fasttrackhfc.com

  • What has been the recent revenue trend for Fasttrack Housing Finance Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Fasttrack Housing Finance Limited has risen by 15.12%.

  • How many employees does Fasttrack Housing Finance Limited currently have?

    As Per 2023 financial reports, 241 employees are currently employed by Fasttrack Housing Finance Limited.

  • What change has been observed in the net worth of Fasttrack Housing Finance Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Fasttrack Housing Finance Limited has experienced an upsurge of 4.03%.

  • What are the total open charges for Fasttrack Housing Finance Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Fasttrack Housing Finance Limited amount to ₹ 48.00 Cr.

  • When was the last Balance Sheet of Fasttrack Housing Finance Limited filed with the ROC?

    The most recent Balance Sheet for Fasttrack Housing Finance Limited was filed with the ROC on 31 Mar 2023.

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