Iti Finance Profile
Key Indicators
- Authorised Capital ₹ 74.00 Cr
- Paid Up Capital ₹ 19.32 Cr
- Company Age 12 Year, 4 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 four 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.
Company Details
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Location
Mumbai, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U65923MH2012PLC235450
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Company No.
235450
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
08 Sep 2012
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Date of AGM
26 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 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 |
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Nitul Mehta
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Director | 15-Jun-2018 | Current |
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Bhavesh Gopwani
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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%.
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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)
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Suraksha Realty LimitedRamesh Jain is a mutual person
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Antique Stock Broking LimitedMukesh Unadkat is a mutual person
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Fasttrack Housing Finance LimitedMukesh Unadkat and Ramesh Jain are mutual person
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Iti Securities Broking LimitedMukesh Unadkat is a mutual person
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The Investment Trust Of India LimitedChintan Valia is a mutual person
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Iti Asset Management Limited
Chintan Valia is a mutual person
Charges (Loans)
₹995.80 Cr
₹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.
