Jm Financial Asset Reconstruction Company Limited

Acquires non-performing assets and resolves them for financial institutions.

2007 | Mumbai, Maharashtra (India) | Active
Last Updated:

Jm Financial Asset Reconstruction Company Profile

Key Indicators

  • Authorised Capital ₹ 2,000.00 Cr
  • Paid Up Capital ₹ 795.31 Cr
  • Company Age 17 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1,931.33 Cr
  • Satisfied Charges ₹ 2,800.20 Cr
  • Revenue Growth -7.85%
  • Profit Growth 7.24%
  • Ebitda -0.23%
  • Net Worth 4.47%
  • Total Assets 2.82%

About Jm Financial Asset Reconstruction Company

Jm Financial Asset Reconstruction Company Limited (JFARCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 19 September 2007 and has a history of 17 years and six months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Jm Financial Asset Reconstruction Company Private 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 2,000.00 Cr and a paid-up capital of Rs 795.31 Cr.

The company currently has active open charges totaling ₹1,931.33 Cr. The company has closed loans amounting to ₹2,800.20 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Jm Financial Asset Reconstruction Company Limited India are Sabyasachi Ray as Cfo, Srinivasan Viswanathan as Ceo, and Vineet Singh as Company Secretary. Ameetkumar Desai, Vishal Kampani, Vijay Kelkar, and Seven 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

    U67190MH2007PLC174287

  • Company No.

    174287

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    19 Sep 2007

  • Date of AGM

    25 Jul 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 Jm Financial Asset Reconstruction Company?

Executive Team (3)

NameDesignationAppointment DateStatus
Sabyasachi Ray Country flag representing In CFO27-Oct-2014Current
Srinivasan Viswanathan CEO22-Jun-2023Current
Vineet Singh Country flag representing In Company Secretary17-Jan-2019Current

Board Members (10)

NameDesignationAppointment DateStatus
Satishchand Mathur Country flag representing In Director 15-Apr-2019Current
Rupa Vora Country flag representing In Director 31-Mar-2015Current
Pulkit Sekhsaria Country flag representing In Nominee Director 26-Nov-2014Current
Munesh Khanna Country flag representing In Director 27-Sep-2022Current
Ameetkumar Desai Country flag representing In Director 09-Jan-2019Current
Vishal Kampani Country flag representing In Nominee Director 28-Nov-2007Current

Financial Performance of Jm Financial Asset Reconstruction Company.

Jm Financial Asset Reconstruction Company Limited, for the financial year ended 2021, experienced Minor drop in revenue, with a 7.85% decrease. The company also saw a slight improvement in profitability, with a 7.24% increase in profit. The company's net worth moved up by a moderate rise of 4.47%.

Jm Financial Asset Reconstruction Company revenue growth over time
Jm Financial Asset Reconstruction Company 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
-7.85%
Revenue from Operations
-6.94%
Total Assets
2.82%
Profit or Loss
7.24%
Net Worth
4.47%
EBITDA
-0.23%

What is the Ownership and Shareholding Structure of Jm Financial Asset Reconstruction Company?

In 2022, Jm Financial Asset Reconstruction Company had a promoter holding of 59.25% and a public holding of 40.75%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,931.33 Cr

Satisfied Charges

₹2,800.20 Cr

Charges Breakdown by Lending Institutions

  • Sbicap Trustee Company Limited : 1435.00 Cr
  • Others : 246.33 Cr
  • Indian Overseas Bank : 100.00 Cr
  • Idbi Bank Limited : 100.00 Cr
  • Dhanlaxmi Bank Limited : 50.00 Cr

Latest Charge Details

DateLenderAmountStatus
05 Oct 2023Sbicap Trustee Company Limited₹50.00 CrOpen
23 May 2023Sbicap Trustee Company Limited₹50.00 CrOpen
12 Apr 2023Sbicap Trustee Company Limited₹30.00 CrOpen
02 Feb 2023Sbicap Trustee Company Limited₹750.00 CrOpen
23 Dec 2022Others₹22.76 CrOpen

How Many Employees Work at Jm Financial Asset Reconstruction Company?

Jm Financial Asset Reconstruction Company has a workforce of 56 employees as of Mar 26, 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 Jm Financial Asset Reconstruction Company Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Jm Financial Asset Reconstruction Company, 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 Jm Financial Asset Reconstruction Company'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 Jm Financial Asset Reconstruction Company

Recent activity within the organization

  • Charges

    A charge registered on 30 Sep 2021 via Charge ID 100491805 with Others was fully satisfied on 15 Nov 2024.

  • Charges

    A charge registered on 25 Feb 2021 via Charge ID 100423584 with Others was fully satisfied on 08 Nov 2024.

  • Charges

    A charge with Sbicap Trustee Company Limited of Rs. 125.00 Cr registered on 18 Nov 2022 with Charge ID 100696922 was modified on 30 Oct 2024.

  • Charges

    A charge with Sbicap Trustee Company Limited of Rs. 150.00 Cr registered on 30 Aug 2022 with Charge ID 100685061 was modified on 30 Oct 2024.

  • Charges

    A charge registered on 26 May 2022 via Charge ID 100584630 with Sbicap Trustee Company Limited was fully satisfied on 17 Oct 2024.

  • Charges

    A charge registered on 11 Feb 2022 via Charge ID 100541986 with Sbicap Trustee Company Limited was fully satisfied on 17 Oct 2024.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Jm Financial Asset Reconstruction Company Limited?

    Jm Financial Asset Reconstruction Company Limited was incorporated on 19 Sep 2007.

  • What is authorized share capital and paid-up capital of Jm Financial Asset Reconstruction Company Limited?

    The authorized share capital of Jm Financial Asset Reconstruction Company Limited is ₹ 2,000.00 Cr and paid-up capital is ₹ 795.31 Cr.

  • Who are the current board members & directors of Jm Financial Asset Reconstruction Company Limited?

    Currently 13 directors are associated with Jm Financial Asset Reconstruction Company Limited.

    • Ameetkumar Hiranyakumar Desai
    • Vishal Nimesh Kampani
    • Vijay Laxman Kelkar
    • Vaddarse Prabhakar Shetty
    • Pulkit Narotam Sekhsaria
    • Munesh Narinder Khanna
    • Narotam Satyanarayan Sekhsaria
    • Rupa Rajul Vora
    • Adi Rusi Patel
    • Satishchand Mathur
    • Sabyasachi Ray
    • Srinivasan Viswanathan
    • Vineet Subhash Singh

  • What is the registered address of Jm Financial Asset Reconstruction Company Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Jm Financial Asset Reconstruction Company Limited is 7Th Floor Cnergy Appasaheb Marathe Marg Prabhadevi, India, Mumbai, Maharashtra, 400025.

  • What is the corporate identification number (CIN) and company number of Jm Financial Asset Reconstruction Company Limited?

    The corporate identification number (CIN) of Jm Financial Asset Reconstruction Company Limited is U67190MH2007PLC174287 and the company number is 174287 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Jm Financial Asset Reconstruction Company Limited?

    The Official website of Jm Financial Asset Reconstruction Company Limited is https://www.jmfinancialarc.com

  • What has been the recent revenue trend for Jm Financial Asset Reconstruction Company Limited?

    According to the financial reports for the fiscal year 2021, the revenue trend for Jm Financial Asset Reconstruction Company Limited has fallen by -7.85%.

  • How many employees does Jm Financial Asset Reconstruction Company Limited currently have?

    As Per 2021 financial reports, 56 employees are currently employed by Jm Financial Asset Reconstruction Company Limited.

  • What change has been observed in the net worth of Jm Financial Asset Reconstruction Company Limited, and by what percentage?

    The financial reports for the fiscal year 2021 indicates that The net worth of Jm Financial Asset Reconstruction Company Limited has experienced an upsurge of 4.47%.

  • What are the total open charges for Jm Financial Asset Reconstruction Company Limited?

    As per the financial statements for fiscal Year 2021, The total open charges for Jm Financial Asset Reconstruction Company Limited amount to ₹ 1,931.33 Cr.

  • When was the last Balance Sheet of Jm Financial Asset Reconstruction Company Limited filed with the ROC?

    The most recent Balance Sheet for Jm Financial Asset Reconstruction Company Limited was filed with the ROC on 31 Mar 2024.

People also Viewed