Iti Asset Management Limited

Financial services company providing management, consulting, and administration for various investment funds and portfolios.

2008 | Mumbai, Maharashtra (India) | Active
Last Updated: November 16, 2024

Iti Asset Management Profile

Key Indicators

  • Authorised Capital ₹ 2.50 Cr
  • Paid Up Capital ₹ 2.38 Cr
  • Company Age 17 Year, 21 Days
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -32.54%
  • Profit Growth -23.04%
  • Ebitda -5.66%
  • Net Worth -3.60%
  • Total Assets -4.02%

About Iti Asset Management

Iti Asset Management Limited (IAML) is a leading Public Limited Indian Non-Government Company incorporated in India on 10 January 2008 and has a history of 17 years. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Fortune Insurance Advisory Services (India) Limited. 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 2.50 Cr and a paid-up capital of Rs 2.38 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Iti Asset Management Limited India are Vikas Pandya as COMPANY SECRETARY and Hitesh Thakkar as Ceo. Rakesh Khanna, Atul Bheda, Chintan Valia, and One other member 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

    U67100MH2008PLC177677

  • Company No.

    177677

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    10 Jan 2008

  • Date of AGM

    05 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services

Who are the key members and board of directors at Iti Asset Management?

Executive Team (2)

NameDesignationAppointment DateStatus
Vikas Pandya Company Secretary15-Feb-2024Current
Hitesh Thakkar CEO01-Aug-2022Current

Board Members (4)

NameDesignationAppointment DateStatus
Atul Bheda Country flag representing In Director 21-Sep-2022Current
Rakesh Khanna Country flag representing In Director 04-Apr-2017Current
Chintan Valia Country flag representing In Director 13-Aug-2024Current
Alok Misra Country flag representing In Director 04-Apr-2017Current

Financial Performance of Iti Asset Management.

Iti Asset Management Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 32.54% decrease. The company also saw a substantial fall in profitability, with a 23.04% decrease in profit. The company's net worth dipped by a decrease of 3.6%.

Graph illustrating revenue growth over time
Graph showing 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
-32.54%
Revenue from Operations
40.80%
Total Assets
-4.02%
Profit or Loss
-23.04%
Net Worth
-3.60%
EBITDA
-5.66%

What is the Ownership and Shareholding Structure of Iti Asset Management?

In 2023, Iti Asset Management had a promoter holding of 89.67% and a public holding of 10.33%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Iti Asset Management?

Iti Asset Management has a workforce of 196 employees as of Apr 07, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Iti Asset Management, 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 Asset Management'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 Iti Asset Management

Recent activity within the organization

  • Director Appointment

    Chintan Vijay Valia was appointed as a Director was appointed as a Director on 13 Aug 2024 & has been associated with this company since 5 months 19 days .

    13 Aug 2024

  • Annual General Meeting

    Iti Asset Management Limited last Annual general meeting of members was held on 05 Aug 2024 as per latest MCA records.

    05 Aug 2024

  • Balance Sheet

    Iti Asset Management Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Director Appointment

    Vikas Rameshchandra Pandya was appointed as a Company Secretary was appointed as a Company Secretary on 15 Feb 2024 & has been associated with this company since 11 months 16 days .

    15 Feb 2024

  • Director Appointment

    Atul Chunilal Bheda was appointed as a Director was appointed as a Director on 21 Sep 2022 & has been associated with this company since 2 years 4 months .

    21 Sep 2022

  • Director Appointment

    Rakesh Khanna was appointed as a Director was appointed as a Director on 04 Apr 2017 & has been associated with this company since 7 years 9 months .

    04 Apr 2017

Recent News, Updates & Announcement

Frequently asked questions

  • Iti Asset Management Limited was incorporated on 10 Jan 2008.

  • The authorized share capital of Iti Asset Management Limited is ₹ 2.50 Cr and paid-up capital is ₹ 2.38 Cr.

  • Currently 6 directors are associated with Iti Asset Management Limited.

    • Vikas Rameshchandra Pandya
    • Rakesh Khanna
    • Atul Chunilal Bheda
    • Chintan Vijay Valia
    • Hitesh Hasmukhbhai Thakkar
    • Alok Kumar Misra
  • As per Ministry of Corporate Affairs (Mca), the registered address of Iti Asset Management Limited is Iti House 36 Dr. R. K. Shirodkar Marg Parel India, Mumbai, Maharashtra, 400012.

  • The corporate identification number (CIN) of Iti Asset Management Limited is U67100MH2008PLC177677 and the company number is 177677 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Iti Asset Management Limited is https://www.itiamc.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Iti Asset Management Limited has fallen by -32.54%.

  • As Per 2023 financial reports, 196 employees are currently employed by Iti Asset Management Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Iti Asset Management Limited has experienced an downturn of -3.60%.

  • The most recent Balance Sheet for Iti Asset Management Limited was filed with the ROC on 31 Mar 2024.

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