Iti Credit Profile
Key Indicators
- Authorised Capital ₹ 120.00 Cr
- Paid Up Capital ₹ 50.00 Cr
- Company Age 17 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 30.00 Cr
- Satisfied Charges ₹ 375.00 Cr
- Revenue Growth -19.51%
- Profit Growth 95.76%
- Ebitda -204.88%
- Net Worth -0.37%
- Total Assets -14.09%
About Iti Credit
Iti Credit Limited (ICL) is a leading Public Limited Indian Non-Government Company incorporated in India on 19 October 2007 and has a history of 17 years and three months. Its registered office is in Mumbai, Maharashtra, 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 120.00 Cr and a paid-up capital of Rs 50.00 Cr.
The company currently has active open charges totaling ₹30.00 Cr. The company has closed loans amounting to ₹375.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Iti Credit Limited India are Manickam Subbiah as CFO and Vidhita Ashar as Company Secretary. Jignesh Sangani, Alok Misra, Vishal Kanakia, and One other member serve as directors at the Company.
Company Details
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Location
Mumbai, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
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Corporate Identity Details
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CIN/LLPIN
U67190MH2007PLC175180
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Company No.
175180
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
19 Oct 2007
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Date of AGM
25 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Iti Credit?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Manickam Subbiah
|
CFO | 26-Jun-2024 | Current |
| Vidhita Ashar | Company Secretary | 14-Aug-2023 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Jignesh Sangani
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Director | 27-Feb-2015 | Current |
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Alok Misra
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Director | 14-Aug-2023 | Current |
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Vishal Kanakia
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Director | 14-Oct-2016 | Current |
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Chintan Valia
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Director | 01-Apr-2013 | Current |
Financial Performance of Iti Credit.
Iti Credit Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 19.51% decrease. The company also saw a substantial improvement in profitability, with a 95.76% increase in profit. The company's net worth dipped by a decrease of 0.37%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of Iti Credit?
In 2022, Iti Credit 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)
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Antique Stock Broking LimitedJignesh Sangani, Alok Misra and 1 more are mutual person
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Nitstone Finserv Private LimitedAlok Misra is a mutual person
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Iti Securities Broking LimitedVidhita Ashar is a mutual person
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Antique Stock Broking (Ifsc) LimitedJignesh Sangani is a mutual person
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The Investment Trust Of India Limited
Alok Misra, Chintan Valia and 2 more are mutual person
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Iti Asset Management Limited
Alok Misra and Chintan Valia are mutual person
Charges (Loans)
₹30.00 Cr
₹375.00 Cr
Charges Breakdown by Lending Institutions
- Yes Bank Limited : 30.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Jul 2018 | Yes Bank Limited | ₹30.00 Cr | Open |
| 21 Dec 2020 | Standard Chartered Bank | ₹75.00 Cr | Satisfied |
| 11 Apr 2018 | Yes Bank Limited | ₹300.00 Cr | Satisfied |
How Many Employees Work at Iti Credit?
Iti Credit has a workforce of 296 employees as of Apr 09, 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 Iti Credit, 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 Iti Credit'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.
