Iti Finance Profile
Key Indicators
- Authorised Capital ₹ 74.00 Cr
- Paid Up Capital ₹ 19.32 Cr
- Company Age 12 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 995.80 Cr
- Satisfied Charges ₹ 1,658.60 Cr
- Revenue Growth -29.77%
- Profit Growth -17.39%
- Ebitda -36.68%
- Net Worth 6.61%
- Total Assets -23.69%
About Iti Finance
Iti Finance Limited (IFL) is a leading Public Limited Indian Non-Government Company incorporated in India on 08 September 2012 and has a history of 12 years and six 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 74.00 Cr and a paid-up capital of Rs 19.32 Cr.
The company currently has active open charges totaling ₹995.80 Cr. The company has closed loans amounting to ₹1,658.60 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Iti Finance Limited India are Nikeeta Haryan as COMPANY SECRETARY and Bhavesh Gopwani as Cfo. Mukesh Unadkat, Chintan Valia, Ramesh Jain, and Two other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U65923MH2012PLC235450
- Company No.
235450
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
08 Sep 2012
- Date of AGM
26 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Iti Finance Limited
Explore comprehensive data for Iti Finance Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Iti Finance?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Chintan Valia  | Managing Director | 10-Sep-2012 | Current |
| Nikeeta Haryan | Company Secretary | 07-Jul-2023 | Current |
| Bhavesh Gopwani | CFO | 24-May-2022 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Mukesh Unadkat | Director | 25-Jun-2015 | Current |
| Ramesh Jain | Director | 09-Sep-2021 | Current |
| Nitul Mehta | Director | 15-Jun-2018 | Current |
| Bhavesh Gopwani | Director and Cfo | 24-May-2022 | Current |
Financial Performance of Iti Finance.
Iti Finance Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 29.77% decrease. The company also saw a substantial fall in profitability, with a 17.39% decrease in profit. The company's net worth moved up by a moderate rise of 6.61%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Iti Finance?
In 2021, Iti Finance had a promoter holding of 25.00% and a public holding of 75.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Suraksha Realty LimitedRamesh Jain is a mutual person
Antique Stock Broking LimitedMukesh Unadkat is a mutual person
Fasttrack Housing Finance LimitedMukesh Unadkat and Ramesh Jain are mutual person
Iti Securities Broking LimitedMukesh Unadkat is a mutual person
- The Investment Trust Of India Limited
Chintan Valia is a mutual person
- Iti Asset Management Limited
Chintan Valia is a mutual person
Charges (Loans)
Open Charges
₹995.80 Cr
Satisfied Charges
₹1,658.60 Cr
Charges Breakdown by Lending Institutions
- Others : 945.80 Cr
- Yes Bank Limited : 25.00 Cr
- Indian Overseas Bank : 25.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Sep 2024 | Others | ₹50.00 Cr | Open |
| 12 Sep 2024 | Indian Overseas Bank | ₹25.00 Cr | Open |
| 31 May 2024 | Others | ₹100.00 Cr | Open |
| 22 Apr 2024 | Yes Bank Limited | ₹25.00 Cr | Open |
| 01 Nov 2023 | Others | ₹100.00 Cr | Open |
How Many Employees Work at Iti Finance?
Iti Finance has a workforce of 1437 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Iti 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 Iti Finance'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 Iti Finance
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100989520 was registered on 27 Sep 2024.
- Annual General Meeting
Iti Finance Limited last Annual general meeting of members was held on 26 Sep 2024 as per latest MCA records.
- Charges
A charge with Indian Overseas Bank amounted to Rs. 25.00 Cr with Charge ID 100983445 was registered on 12 Sep 2024.
- Charges
A charge registered on 29 Aug 2022 via Charge ID 100606983 with Tata Capital Financial Services Limited was fully satisfied on 05 Jun 2024.
- Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 100935598 was registered on 31 May 2024.
- Charges
A charge with Yes Bank Limited amounted to Rs. 25.00 Cr with Charge ID 100904657 was registered on 22 Apr 2024.
Recent News, Updates & Announcement
ITI group launches early-stage venture capital fund | Mint.ITI group is looking to raise 100 crore for ITI Growth Opportunities Venture Fund with a green shoe option to raise a further 50 crore, says managing general partner Mohit Gulati.
Frequently asked questions
What is the Incorporation or founding date of Iti Finance Limited?
Iti Finance Limited was incorporated on 08 Sep 2012.
What is authorized share capital and paid-up capital of Iti Finance Limited?
The authorized share capital of Iti Finance Limited is ₹ 74.00 Cr and paid-up capital is ₹ 19.32 Cr.
Who are the current board members & directors of Iti Finance Limited?
Currently 7 directors are associated with Iti Finance Limited.
- Mukesh Navinchandra Unadkat
- Chintan Vijay Valia
- Ramesh Madanlal Jain
- Nitul Nagindas Mehta
- Bhavesh Lal Gopwani
- Nikeeta Deepak Haryan
- Bhavesh Lal Gopwani
What is the registered address of Iti Finance Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Iti Finance Limited is Iti House 36 Dr. R. K. Shirodkar Marg, Parel India, Mumbai, Maharashtra, 400012.
What is the corporate identification number (CIN) and company number of Iti Finance Limited?
The corporate identification number (CIN) of Iti Finance Limited is U65923MH2012PLC235450 and the company number is 235450 as per Ministry of Corporate Affairs (MCA).
What is the official website of Iti Finance Limited?
The Official website of Iti Finance Limited is https://www.itigroup.co.in
What has been the recent revenue trend for Iti Finance Limited?
According to the financial reports for the fiscal year 2021, the revenue trend for Iti Finance Limited has fallen by -29.77%.
How many employees does Iti Finance Limited currently have?
As Per 2021 financial reports, 1437 employees are currently employed by Iti Finance Limited.
What change has been observed in the net worth of Iti Finance Limited, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Iti Finance Limited has experienced an upsurge of 6.61%.
What are the total open charges for Iti Finance Limited?
As per the financial statements for fiscal Year 2021, The total open charges for Iti Finance Limited amount to ₹ 995.80 Cr.
When was the last Balance Sheet of Iti Finance Limited filed with the ROC?
The most recent Balance Sheet for Iti Finance Limited was filed with the ROC on 31 Mar 2024.
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