Finorchem Profile
Key Indicators
- Authorised Capital ₹ 75.00 Cr
- Paid Up Capital ₹ 64.66 Cr
- Company Age 31 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 407.48 Cr
- Satisfied Charges ₹ 526.58 Cr
- Revenue Growth 34.96%
- Profit Growth -21.58%
- Ebitda -11.81%
- Net Worth 19.95%
- Total Assets 10.43%
About Finorchem
Finorchem Limited (FL) is a leading Public Limited Indian Non-Government Company incorporated in India on 31 January 1994 and has a history of 31 years and one month. Its registered office is in Kolkata, West Bengal, India.
The Corporate was formerly known as Merchem Limited. The Company is engaged in the Chemicals And Materials 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 75.00 Cr and a paid-up capital of Rs 64.66 Cr.
The company currently has active open charges totaling ₹407.48 Cr. The company has closed loans amounting to ₹526.58 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Finorchem Limited India is Balakrishnan Nair as COMPANY SECRETARY. Aditi Holani, Narain Holani, Varsha Holani, 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
U24299WB1994PLC240045
- Company No.
007681
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
31 Jan 1994
- Date of AGM
28 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Chemicals and Materials
Who are the key members and board of directors at Finorchem?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Narain Holani  | Managing Director | 19-Mar-2019 | Current |
| Balakrishnan Nair | Company Secretary | 10-Feb-2021 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Aditi Holani | Whole-Time Director | 07-Dec-2021 | Current |
| Varsha Holani | Whole-Time Director | 07-Dec-2021 | Current |
| Bhanwarlal Joshi | Director | 11-Oct-2022 | Current |
| Shyam Taparia | Whole-Time Director | 21-Nov-2022 | Current |
| Rishabh Holani | Whole-Time Director | 19-Mar-2019 | Current |
| Vishwanathramnath Balasubramaniyan | Whole-Time Director | 10-Feb-2021 | Current |
Financial Performance of Finorchem.
Finorchem Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 34.96% increase. The company also saw a substantial fall in profitability, with a 21.58% decrease in profit. The company's net worth Soared by an impressive increase of 19.95%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Finorchem?
In 2023, Finorchem had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Acme Chem LtdAditi Holani, Narain Holani and 1 more are mutual person
Hiramoti Properties LlpNarain Holani and Varsha Holani are mutual person
- Adirish Nirman Llp
Narain Holani and Varsha Holani are mutual person
- Adirish Realty Llp
Narain Holani and Varsha Holani are mutual person
- Lesha Realty Llp
Narain Holani and Varsha Holani are mutual person
- Keytouch Properties Llp
Narain Holani and Varsha Holani are mutual person
Charges (Loans)
Open Charges
₹407.48 Cr
Satisfied Charges
₹526.58 Cr
Charges Breakdown by Lending Institutions
- Citi Bank N.A. : 123.00 Cr
- Hdfc Bank Limited : 115.34 Cr
- Axis Bank Limited : 93.50 Cr
- Yes Bank Limited : 45.00 Cr
- Others : 30.65 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Aug 2024 | Others | ₹1.30 M | Open |
| 19 Jul 2024 | Others | ₹0.54 M | Open |
| 03 May 2024 | Citi Bank N.A. | ₹43.00 Cr | Open |
| 12 Apr 2024 | Hdfc Bank Limited | ₹4.21 M | Open |
| 04 Mar 2024 | Others | ₹30.00 Cr | Open |
How Many Employees Work at Finorchem?
Finorchem has a workforce of 454 employees as of Apr 03, 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 Finorchem, 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 Finorchem'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 Finorchem
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 0.13 Cr with Charge ID 100966965 was registered on 23 Aug 2024.
- Charges
A charge with Others amounted to Rs. 0.05 Cr with Charge ID 100966873 was registered on 19 Jul 2024.
- Charges
A charge with Citi Bank N.A. amounted to Rs. 43.00 Cr with Charge ID 100912752 was registered on 03 May 2024.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.42 Cr with Charge ID 100920620 was registered on 12 Apr 2024.
- Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 100892747 was registered on 04 Mar 2024.
- Charges
A charge registered on 11 Aug 2020 via Charge ID 100360813 with Others was fully satisfied on 15 Feb 2024.
Frequently asked questions
What is the Incorporation or founding date of Finorchem Limited?
Finorchem Limited was incorporated on 31 Jan 1994.
What is authorized share capital and paid-up capital of Finorchem Limited?
The authorized share capital of Finorchem Limited is ₹ 75.00 Cr and paid-up capital is ₹ 64.66 Cr.
Who are the current board members & directors of Finorchem Limited?
Currently 8 directors are associated with Finorchem Limited.
- Aditi Holani
- Narain Holani
- Varsha Holani
- Bhanwarlal Ramkumar Joshi
- Shyam Kumar Taparia
- Rishabh Holani
- Vishwanathramnath Balasubramaniyan
- Balakrishnan Unnikrishnan Nair
What is the registered address of Finorchem Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Finorchem Limited is 9E Saket Apartments 2 Ho Chi Minh Sarani, India, Kolkata, West Bengal, 700071.
What is the corporate identification number (CIN) and company number of Finorchem Limited?
The corporate identification number (CIN) of Finorchem Limited is U24299WB1994PLC240045 and the company number is 007681 as per Ministry of Corporate Affairs (MCA).
What is the official website of Finorchem Limited?
The Official website of Finorchem Limited is https://www.finorchem.com
What has been the recent revenue trend for Finorchem Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Finorchem Limited has risen by 34.96%.
How many employees does Finorchem Limited currently have?
As Per 2023 financial reports, 454 employees are currently employed by Finorchem Limited.
What change has been observed in the net worth of Finorchem Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Finorchem Limited has experienced an upsurge of 19.95%.
What are the total open charges for Finorchem Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Finorchem Limited amount to ₹ 407.48 Cr.
When was the last Balance Sheet of Finorchem Limited filed with the ROC?
The most recent Balance Sheet for Finorchem Limited was filed with the ROC on 31 Mar 2023.
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