First Financial Services Profile
Key Indicators
- Authorised Capital ₹ 16.00 Cr
- Paid Up Capital ₹ 8.07 Cr
- Company Age 40 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 2.54 Cr
- Revenue Growth -98.54%
- Profit Growth 79.47%
- Ebitda 63.63%
- Net Worth -0.86%
- Total Assets -0.88%
About First Financial Services
First Financial Services Ltd (FFSL) is a Public Limited Indian Non-Government Company incorporated in India on 17 October 1984 and has a history of 40 years and five months. Its registered office is in Chennai, Tamil Nadu, 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 16.00 Cr and a paid-up capital of Rs 8.07 Cr.
The company currently has active open charges totaling ₹2.54 Cr.
The Key Managerial Personnel (KMP) at First Financial Services Ltd India is Sonal Sagar as CFO. Girshkumar Panchal, Chetan Sagar, Sonal Sagar, 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
L85100TN1984PLC011231
- Company No.
011231
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
17 Oct 1984
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Chennai
Industry
Financial Services
Who are the key members and board of directors at First Financial Services?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sonal Sagar | CFO | 30-Nov-2021 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Girshkumar Panchal  | Director | 28-Sep-2015 | Current |
| Chetan Sagar | Director | 28-Jul-2021 | Current |
| Chandrika Panchal | Director | 28-May-2016 | Current |
Financial Performance of First Financial Services.
First Financial Services Ltd, for the financial year ended 2023, experienced significant reduction in revenue, with a 98.54% decrease. The company also saw a substantial improvement in profitability, with a 79.47% increase in profit. The company's net worth dipped by a decrease of 0.86%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations | |||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of First Financial Services?
In 2023, First Financial Services had a public 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)
Pazel International LimitedSonal Sagar is a mutual person
Charges (Loans)
Open Charges
₹2.54 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Indian Bank : 1.00 Cr
- The Federal Bank Ltd : 0.50 Cr
- Bank Of Madurai : 0.50 Cr
- The Karnatka Bank Ltd : 0.50 Cr
- Bank Of Madurai Ltd : 0.03 Cr
- Others : 0.01 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 1996 | The Karnatka Bank Ltd | ₹5.00 M | Open |
| 09 Mar 1995 | Indian Bank | ₹1.00 Cr | Open |
| 24 Jan 1995 | Bank Of Madurai | ₹5.00 M | Open |
| 07 Oct 1994 | Bank Of Madurai Ltd | ₹0.30 M | Open |
| 04 Apr 1994 | The Federal Bank Ltd | ₹5.00 M | Open |
How Many Employees Work at First Financial Services?
Unlock and access historical data on people associated with First Financial Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of First Financial Services, 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 First Financial Services'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 First Financial Services
Recent activity within the organization
- Annual General Meeting
First Financial Services Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
First Financial Services Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
- Director Appointment
Sonal Chetan Sagar was appointed as a Cfo was appointed as a Cfo on 30 Nov 2021 & has been associated with this company since 3 years 3 months .
- Director Appointment
Chetan Pradip Sagar was appointed as a Director was appointed as a Director on 28 Jul 2021 & has been associated with this company since 3 years 7 months .
- Director Appointment
Sonal Chetan Sagar was appointed as a Director was appointed as a Director on 28 Jul 2021 & has been associated with this company since 3 years 7 months .
- Director Appointment
Chandrika Girish Panchal was appointed as a Director was appointed as a Director on 28 May 2016 & has been associated with this company since 8 years 9 months .
Frequently asked questions
What is the Incorporation or founding date of First Financial Services Ltd?
First Financial Services Ltd was incorporated on 17 Oct 1984.
What is authorized share capital and paid-up capital of First Financial Services Ltd?
The authorized share capital of First Financial Services Ltd is ₹ 16.00 Cr and paid-up capital is ₹ 8.07 Cr.
Who are the current board members & directors of First Financial Services Ltd?
Currently 5 directors are associated with First Financial Services Ltd.
- Girshkumar Dalshukhram Panchal
- Sonal Chetan Sagar
- Chetan Pradip Sagar
- Sonal Chetan Sagar
- Chandrika Girish Panchal
What is the registered address of First Financial Services Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of First Financial Services Ltd is Sivakami Lllam No.27 Anna Nagar Street, Lmk Near Raj Theatre India, Saidapet, Tamil Nadu, 600015.
What is the corporate identification number (CIN) and company number of First Financial Services Ltd?
The corporate identification number (CIN) of First Financial Services Ltd is L85100TN1984PLC011231 and the company number is 011231 as per Ministry of Corporate Affairs (MCA).
What is the official website of First Financial Services Ltd?
The Official website of First Financial Services Ltd is https://www.ffslonline.com
What has been the recent revenue trend for First Financial Services Ltd?
According to the financial reports for the fiscal year 2023, the revenue trend for First Financial Services Ltd has fallen by -98.54%.
What change has been observed in the net worth of First Financial Services Ltd, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of First Financial Services Ltd has experienced an downturn of -0.86%.
What are the total open charges for First Financial Services Ltd?
As per the financial statements for fiscal Year 2023, The total open charges for First Financial Services Ltd amount to ₹ 2.54 Cr.
When was the last Balance Sheet of First Financial Services Ltd filed with the ROC?
The most recent Balance Sheet for First Financial Services Ltd was filed with the ROC on 31 Mar 2024.
People also Viewed
Sambasivaiyer SwaminathanDirectorRS
Rathinam SubramanianDirectorSR
Seetharaman RaoDirectorPN
Ponnuswamy NatarajanDirectorSM
Stanley MelkhasinghDirectorNM
Nirmal MertiaWholetime DirectorVS
Vasalakotram SudhakarDirectorRT
Ritu TushamDirector