Finecons Limited

Founded in 2000 and headquartered in Tamil Nadu, India.

2000 | Chennai, Tamil Nadu (India) | Active
Last Updated: November 16, 2024

Finecons Profile

Key Indicators

  • Authorised Capital ₹ 25.00 Cr
  • Paid Up Capital ₹ 1.12 Cr
  • Company Age 24 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 41.17 Cr
  • Satisfied Charges ₹ 30.22 Cr
  • Revenue Growth 39.43%
  • Profit Growth 991.93%
  • Ebitda 275.22%
  • Net Worth 175.35%
  • Total Assets 75.59%

About Finecons

Finecons Limited (FL) is a leading Public Limited Indian Non-Government Company incorporated in India on 11 July 2000 and has a history of 24 years and six months. Its registered office is in Chennai, Tamil Nadu, India.

The Company is engaged in the Information Technology 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 25.00 Cr and a paid-up capital of Rs 1.12 Cr.

The company currently has active open charges totaling ₹41.17 Cr. The company has closed loans amounting to ₹30.22 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Finecons Limited India is Ramasamy Karthikeyan as CFO. Soundararajan Radhakrishnan, Chithralekha, Shamugasundaram Karthikeyan, and One other member 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

    U32204TN2000PLC045348

  • Company No.

    045348

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    11 Jul 2000

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Information Technology

Who are the key members and board of directors at Finecons?

Executive Team (2)

Name Designation Appointment Date Status
Ramasamy Karthikeyan CFO 01-May-2023 Current
Tyagi Paramasiven Country flag representing In Managing Director 01-Jan-2001 Current

Board Members (3)

Name Designation Appointment Date Status
Soundararajan Radhakrishnan Country flag representing In Director 11-Jul-2000 Current
Chithralekha Country flag representing In Whole-Time Director 01-Jan-2001 Current
Shamugasundaram Karthikeyan Country flag representing In Director 24-Apr-2023 Current

Financial Performance of Finecons.

Finecons Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 39.43% increase. The company also saw a substantial improvement in profitability, with a 991.93% increase in profit. The company's net worth Soared by an impressive increase of 175.35%.

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
39.43%
Revenue from Operations
39.39%
Total Assets
75.59%
Profit or Loss
991.93%
Net Worth
175.35%
EBITDA
275.22%

What is the Ownership and Shareholding Structure of Finecons?

In 2023, Finecons had a promoter holding of 85.79% and a public holding of 14.21%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹41.17 Cr

Satisfied Charges

₹30.22 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 37.00 Cr
  • Others : 2.51 Cr
  • Hdfc Bank Limited : 1.65 Cr

Latest Charge Details

Date Lender Amount Status
01 Oct 2024 Others ₹2.50 Cr Open
23 Aug 2024 Hdfc Bank Limited ₹1.17 Cr Open
09 Nov 2023 State Bank Of India ₹37.00 Cr Open
04 May 2023 Hdfc Bank Limited ₹3.49 M Open
26 Nov 2021 Hdfc Bank Limited ₹1.35 M Open

How Many Employees Work at Finecons?

Finecons has a workforce of 223 employees as of Apr 07, 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 Finecons, 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 Finecons'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 Finecons

Recent activity within the organization

  • Charges

    A charge registered on 23 Dec 2020 via Charge ID 100422885 with Hdfc Bank Limited was fully satisfied on 29 Oct 2024.

    29 Oct 2024

  • Charges

    A charge registered on 06 Nov 2020 via Charge ID 100412553 with Hdfc Bank Limited was fully satisfied on 29 Oct 2024.

    29 Oct 2024

  • Charges

    A charge with Others amounted to Rs. 2.50 Cr with Charge ID 100997415 was registered on 01 Oct 2024.

    01 Oct 2024

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 1.17 Cr with Charge ID 100974468 was registered on 23 Aug 2024.

    23 Aug 2024

  • Charges

    A charge registered on 06 Jun 2023 via Charge ID 100853977 with Hdfc Bank Limited was fully satisfied on 21 Aug 2024.

    21 Aug 2024

  • Charges

    A charge registered on 06 Jun 2023 via Charge ID 100856055 with Hdfc Bank Limited was fully satisfied on 21 Aug 2024.

    21 Aug 2024

Frequently asked questions

  • Finecons Limited was incorporated on 11 Jul 2000.

  • The authorized share capital of Finecons Limited is ₹ 25.00 Cr and paid-up capital is ₹ 1.12 Cr.

  • Currently 5 directors are associated with Finecons Limited.

    • Soundararajan Radhakrishnan
    • Chithralekha
    • Shamugasundaram Karthikeyan
    • Ramasamy Karthikeyan
    • Tyagi Paramasiven
  • As per Ministry of Corporate Affairs (Mca), the registered address of Finecons Limited is New No.22/35 First Floor Maharaja Surya Rao Road, Alwarpet India, Chennai, Tamil Nadu, 600018.

  • The corporate identification number (CIN) of Finecons Limited is U32204TN2000PLC045348 and the company number is 045348 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Finecons Limited is https://www.finecons.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Finecons Limited has risen by 39.43%.

  • As Per 2023 financial reports, 223 employees are currently employed by Finecons Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Finecons Limited has experienced an upsurge of 175.35%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Finecons Limited amount to ₹ 41.17 Cr.

  • The most recent Balance Sheet for Finecons Limited was filed with the ROC on 31 Mar 2023.

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