Karvy Financial Services Profile
Key Indicators
- Authorised Capital ₹ 205.00 Cr
- Paid Up Capital ₹ 78.25 Cr
- Company Age 23 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 2,818.74 Cr
- Revenue Growth -59.32%
- Profit Growth -215.12%
- Ebitda -178.77%
- Net Worth -25.71%
- Total Assets -24.51%
About Karvy Financial Services
Karvy Financial Services Limited (KFSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 18 October 2001 and has a history of 23 years and four months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Karvy Financial Services P 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 205.00 Cr and a paid-up capital of Rs 78.25 Cr.
The company has closed loans amounting to ₹2,818.74 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Karvy Financial Services Limited India are Bhalchandra Jadhav as CFO and Shikha Sangodkar as Company Secretary. Mahesh Vijayagopal, Bhagwan Narang, and Jyothi Prasad 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
U67190MH2001PLC227379
- Company No.
227379
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
18 Oct 2001
- Date of AGM
01 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 Karvy Financial Services?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Bhalchandra Jadhav | CFO | 07-Nov-2024 | Current |
| Shikha Sangodkar | Company Secretary | 20-Sep-2022 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mahesh Vijayagopal  | Director | 17-Jul-2009 | Current |
| Bhagwan Narang | Director | 31-Oct-2012 | Current |
| Jyothi Prasad | Director | 30-Jun-2015 | Current |
Financial Performance of Karvy Financial Services.
Karvy Financial Services Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 59.32% decrease. The company also saw a substantial fall in profitability, with a 215.12% decrease in profit. The company's net worth observed a substantial decline by a decrease of 25.71%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Karvy Financial Services?
In 2023, Karvy Financial Services had a promoter 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)
Karvy Insurance Repository LimitedMahesh Vijayagopal is a mutual person
Karvy Innotech LimitedMahesh Vijayagopal is a mutual person
Karvy Insights LimitedMahesh Vijayagopal is a mutual person
Karvy Stock Broking LimitedBhagwan Narang and Jyothi Prasad are mutual person
Karvy Digikonnect LimitedMahesh Vijayagopal is a mutual person
Hero Corporate Service Private LimitedBhagwan Narang is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹2,818.74 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 350.00 Cr
- Bank Of India : 350.00 Cr
- Idbi Bank Limited : 200.00 Cr
- Canara Bank : 175.00 Cr
- Others : 158.74 Cr
- Others : 1585.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Mar 2017 | Others | ₹100.00 Cr | Satisfied |
| 17 Nov 2016 | Canara Bank | ₹75.00 Cr | Satisfied |
| 15 Feb 2016 | Small Industries Development Bank Of India | ₹50.00 Cr | Satisfied |
| 29 Dec 2015 | Andhra Bank | ₹25.00 Cr | Satisfied |
| 07 Dec 2015 | State Bank Of India | ₹200.00 Cr | Satisfied |
How Many Employees Work at Karvy Financial Services?
Karvy Financial Services has a workforce of 17 employees as of Apr 03, 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 Karvy Financial Services, 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 Karvy Financial Services'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 Karvy Financial Services
Recent activity within the organization
- Director Appointment
Bhalchandra Vinayak Jadhav was appointed as a Cfo was appointed as a Cfo on 07 Nov 2024 & has been associated with this company since 4 months 1 day .
- Annual General Meeting
Karvy Financial Services Limited last Annual general meeting of members was held on 01 Aug 2024 as per latest MCA records.
- Balance Sheet
Karvy Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Charges
A charge registered on 18 Mar 2017 via Charge ID 100086533 with Others was fully satisfied on 27 Dec 2022.
- Director Appointment
Shikha Sanjeev Sangodkar was appointed as a Company Secretary was appointed as a Company Secretary on 20 Sep 2022 & has been associated with this company since 2 years 5 months .
- Charges
A charge registered on 26 Jun 2015 via Charge ID 10579588 with The South Indian Bank Limited was fully satisfied on 30 Aug 2022.
Recent News, Updates & Announcement
IONIC Brands Signs LOI to Acquire Licensed Cannabis Volatile Extraction and Manufacturing Assets of Kavry Managment LLC./PRNewswire/ -- IONIC Brands Corp., formerly Zara Resources Inc. (CSE: IONC) ("IONIC BRANDS" or the "Company") announces today that it has entered into a....
- MG Capital Forms Strategic Distribution Partnership With Karvy Middle East.
/PRNewswire/ -- MG Capital, a leading private equity real estate management firm, and Karvy Middle East LLC ("KME"), part of India's Karvy Group, announced....
- Small Business Loan Portfolio Acquired for $200 Million with Mape Advisors' Assistance, Led by Former Executives from Top Banks.
When you buy a small business loan portfolio for $200 million, but only bring in $40 million yourself. Other buyers were interested, but you sealed the deal with the help of Mape Advisors. The company will be headed by former executives from HDFC Bank and Kotak Mahindra Bank. The deal will focus on low ticket size business loans and loans against gold. ICRA says there will be an upfront equity infusion of Rs 845 crore. Karvy Group and Arpwood Partners did not respond to queries..
Frequently asked questions
What is the Incorporation or founding date of Karvy Financial Services Limited?
Karvy Financial Services Limited was incorporated on 18 Oct 2001.
What is authorized share capital and paid-up capital of Karvy Financial Services Limited?
The authorized share capital of Karvy Financial Services Limited is ₹ 205.00 Cr and paid-up capital is ₹ 78.25 Cr.
Who are the current board members & directors of Karvy Financial Services Limited?
Currently 5 directors are associated with Karvy Financial Services Limited.
- Mahesh Vijayagopal
- Bhagwan Das Narang
- Jyothi Prasad
- Bhalchandra Vinayak Jadhav
- Shikha Sanjeev Sangodkar
What is the registered address of Karvy Financial Services Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Karvy Financial Services Limited is 301 Gujrals House 167 Cst Road Opp Idbi Bank Kolivery Area Village Mmrda Kalina, Sa Ntacruz(E) India, Mumbai, Maharashtra, 400098.
What is the corporate identification number (CIN) and company number of Karvy Financial Services Limited?
The corporate identification number (CIN) of Karvy Financial Services Limited is U67190MH2001PLC227379 and the company number is 227379 as per Ministry of Corporate Affairs (MCA).
What is the official website of Karvy Financial Services Limited?
The Official website of Karvy Financial Services Limited is https://www.karvyfinance.com
What has been the recent revenue trend for Karvy Financial Services Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Karvy Financial Services Limited has fallen by -59.32%.
How many employees does Karvy Financial Services Limited currently have?
As Per 2023 financial reports, 17 employees are currently employed by Karvy Financial Services Limited.
What change has been observed in the net worth of Karvy Financial Services Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Karvy Financial Services Limited has experienced an downturn of -25.71%.
When was the last Balance Sheet of Karvy Financial Services Limited filed with the ROC?
The most recent Balance Sheet for Karvy Financial Services Limited was filed with the ROC on 31 Mar 2024.
People also Viewed
Sanjeev SehrawatDirector
Sabyasachi RathWholetime Director and Ceo(Kmp)
Meenal TalesaraDirector and Company Secretary
Gopala GomathamDirectorYM
Yugandhar MekaDirectorSM
Siva MulpuriDirectorBN
Bhagwan NarangAdditional DirectorAC
Amitabh ChaturvediDirector
Similar Companies Based on NBFC
Tata Capital Limited Mumbai, Maharashtra, India
Shriram Finance Limited Chennai, Tamil Nadu, India
Indian Railway Finance Corporation Limited South West Delhi, Delhi, India
Power Finance Corporation Limited New Delhi, India
Sbi Cards And Payment Services Limited Delhi, India
Mahindra And Mahindra Financial Services Limited Mumbai, Maharashtra, India
Cholamandalam Investment And Finance Company Limited Chennai, Tamil Nadu, India
Bajaj Finance Limited Pune, Maharashtra, India