Indian Association For Savings And Credit Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 6.00 M
- Company Age 27 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 67.00 Cr
- Revenue Growth 35.06%
- Profit Growth 169.81%
- Ebitda 148.40%
- Net Worth 23.36%
- Total Assets 20.79%
About Indian Association For Savings And Credit
Indian Association For Savings And Credit (IAFSAC) is a Public Not For Profit Company incorporated in India on 13 February 1998 and has a history of 27 years and three months. Its registered office is in Thane, 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 3.00 Cr and a paid-up capital of Rs 6.00 M.
The company has closed loans amounting to ₹67.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Ganesh Rao, Meenakshi Rao, and Vadakandarai Mohan serve as directors at the Company.
Company Details
- Location
Thane, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U91110MH1998NPL113558
- Company No.
113558
- Company Classification
Public Not For Profit Company
- Incorporation Date
13 Feb 1998
- Date of AGM
05 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Indian Association For Savings And Credit
Explore comprehensive data for Indian Association For Savings And Credit, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Indian Association For Savings And Credit?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Meenakshi Rao  | Director | 02-Jul-2015 | Current |
| Ganesh Rao | Director | 02-Jul-2015 | Current |
| Vadakandarai Mohan | Director | 03-Oct-2014 | Current |
Financial Performance of Indian Association For Savings And Credit.
Indian Association For Savings And Credit, for the financial year ended 2022, experienced significant growth in revenue, with a 35.06% increase. The company also saw a substantial improvement in profitability, with a 169.81% increase in profit. The company's net worth Soared by an impressive increase of 23.36%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Indian Association For Savings And Credit?
In 2020, Indian Association For Savings And Credit 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)
New Opportunity Consultancy Private LimitedGanesh Rao and Meenakshi Rao are mutual person
Conatus Finserve Private LimitedGanesh Rao is a mutual person
Crescendo Finserve Private LimitedGanesh Rao is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹67.00 Cr
Charges Breakdown by Lending Institutions
- Gruh Finance Limited : 15.00 Cr
- State Bank Of Travancore : 10.00 Cr
- Hdfc Bank Limited : 8.00 Cr
- Hdfc Bank Ltd. : 5.50 Cr
- Central Bank Of India Limited : 5.00 Cr
- Others : 23.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jun 2011 | Gruh Finance Limited | ₹10.00 Cr | Satisfied |
| 05 Mar 2010 | Hdfc Bank Limited | ₹1.50 Cr | Satisfied |
| 04 Mar 2010 | Central Bank Of India Limited | ₹5.00 Cr | Satisfied |
| 04 Mar 2010 | Idbi Bank Limited | ₹5.00 Cr | Satisfied |
| 14 Dec 2009 | State Bank Of Travancore | ₹5.00 Cr | Satisfied |
How Many Employees Work at Indian Association For Savings And Credit?
Indian Association For Savings And Credit has a workforce of 1 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 Indian Association For Savings And 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 Indian Association For Savings And 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.
Latest Updates, News, and FAQs on Indian Association For Savings And Credit
Recent activity within the organization
- Annual General Meeting
Indian Association For Savings And Credit last Annual general meeting of members was held on 05 Aug 2024 as per latest MCA records.
- Balance Sheet
Indian Association For Savings And Credit has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Ganesh Ramanand Rao was appointed as a Director was appointed as a Director on 02 Jul 2015 & has been associated with this company since 9 years 10 months .
- Director Appointment
Meenakshi Ganesh Rao was appointed as a Director was appointed as a Director on 02 Jul 2015 & has been associated with this company since 9 years 10 months .
- Director Appointment
Vadakandarai Krishnamurthy Mohan was appointed as a Director was appointed as a Director on 03 Oct 2014 & has been associated with this company since 10 years 7 months .
- Charges
A charge registered on 24 Jun 2004 via Charge ID 90145247 with Can Fin Homes Ltd was fully satisfied on 18 Sep 2014.
Frequently asked questions
What is the Incorporation or founding date of Indian Association For Savings And Credit?
Indian Association For Savings And Credit was incorporated on 13 Feb 1998.
What is authorized share capital and paid-up capital of Indian Association For Savings And Credit?
The authorized share capital of Indian Association For Savings And Credit is ₹ 3.00 Cr and paid-up capital is ₹ 6.00 M.
Who are the current board members & directors of Indian Association For Savings And Credit?
Currently 3 directors are associated with Indian Association For Savings And Credit.
- Ganesh Ramanand Rao
- Meenakshi Ganesh Rao
- Vadakandarai Krishnamurthy Mohan
What is the registered address of Indian Association For Savings And Credit?
As per Ministry of Corporate Affairs (Mca), the registered address of Indian Association For Savings And Credit is 7Th Floor No. 707/708 Cyber One Plot 4 6 Sector No.30A Vashi, Na Vi Mumbai India, Thane, Maharashtra, 400703.
What is the corporate identification number (CIN) and company number of Indian Association For Savings And Credit?
The corporate identification number (CIN) of Indian Association For Savings And Credit is U91110MH1998NPL113558 and the company number is 113558 as per Ministry of Corporate Affairs (MCA).
What is the official website of Indian Association For Savings And Credit?
The Official website of Indian Association For Savings And Credit is https://www.iasc.in
What has been the recent revenue trend for Indian Association For Savings And Credit?
According to the financial reports for the fiscal year 2022, the revenue trend for Indian Association For Savings And Credit has risen by 35.06%.
How many employees does Indian Association For Savings And Credit currently have?
As Per 2022 financial reports, 1 employees are currently employed by Indian Association For Savings And Credit.
What change has been observed in the net worth of Indian Association For Savings And Credit, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Indian Association For Savings And Credit has experienced an upsurge of 23.36%.
When was the last Balance Sheet of Indian Association For Savings And Credit filed with the ROC?
The most recent Balance Sheet for Indian Association For Savings And Credit was filed with the ROC on 31 Mar 2024.
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