Indian Association For Savings And Credit

Provides financial and related services, skill-building, and networking opportunities.

1998 | Thane, Maharashtra (India) | Active
Last Updated:

Indian Association For Savings And Credit Profile

Key Indicators

  • Authorised Capital ₹ 3.00 Cr
  • Paid Up Capital ₹ 6.00 M
  • Company Age 27 Year, 2 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 two 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
Company report

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)

NameDesignationAppointment DateStatus
Meenakshi Rao Country flag representing In Director 02-Jul-2015Current
Ganesh Rao Country flag representing In Director 02-Jul-2015Current
Vadakandarai Mohan Country flag representing In Director 03-Oct-2014Current

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%.

Indian Association For Savings And Credit revenue growth over time
Indian Association For Savings And Credit profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
35.06%
Revenue from Operations
24.37%
Total Assets
20.79%
Profit or Loss
169.81%
Net Worth
23.36%
EBITDA
148.40%

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.

Shareholding Indicator graph

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

DateLenderAmountStatus
22 Jun 2011Gruh Finance Limited₹10.00 CrSatisfied
05 Mar 2010Hdfc Bank Limited₹1.50 CrSatisfied
04 Mar 2010Central Bank Of India Limited₹5.00 CrSatisfied
04 Mar 2010Idbi Bank Limited₹5.00 CrSatisfied
14 Dec 2009State Bank Of Travancore₹5.00 CrSatisfied

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.

Employee growth trends for Indian Association For Savings And Credit

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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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