Lakshmi Finance Profile
Key Indicators
- Authorised Capital ₹ 40.00 Cr
- Paid Up Capital ₹ 40.00 Cr
- Company Age 8 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 200.00 Cr
- Revenue Growth -79.19%
- Profit Growth -62.10%
- Ebitda -75.06%
- Net Worth 11.69%
- Total Assets -38.09%
About Lakshmi Finance
Lakshmi Finance Private Limited (LFPL) is a Private Limited Indian Non-Government Company incorporated in India on 27 December 2016 (Eight years and four months 25 days old ). Its registered office is in Visakhapatnam, Andhra Pradesh, 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 40.00 Cr and a paid-up capital of Rs 40.00 Cr.
The company has closed loans amounting to ₹200.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Lakshmi Finance Private Limited India is Ashima Chhatwal as COMPANY SECRETARY. Varun Vallurupalli, Prabhu Vallurupalli, Sudhakar Desai, and One other member serve as directors at the Company.
Company Details
- Location
Visakhapatnam, Andhra Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U64920AP2016PTC104726
- Company No.
104726
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
27 Dec 2016
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Vijayawada
Industry
Financial Services
Lakshmi Finance Private Limited
Explore comprehensive data for Lakshmi Finance Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Lakshmi Finance?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Varun Vallurupalli  | Managing Director | 27-Dec-2016 | Current |
| Ashima Chhatwal | Company Secretary | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Prabhu Vallurupalli | Director | 27-Dec-2016 | Current |
| Sudhakar Desai | Additional Director | 04-Aug-2023 | Current |
| Srinivas Cherukuri | Additional Director | 14-Oct-2023 | Current |
Financial Performance of Lakshmi Finance.
Lakshmi Finance Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 79.19% decrease. The company also saw a substantial fall in profitability, with a 62.1% decrease in profit. The company's net worth Soared by an impressive increase of 11.69%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Lakshmi Finance?
In 2022, Lakshmi Finance 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)
Padmaja Motors Private LimitedVarun Vallurupalli and Prabhu Vallurupalli are mutual person
Varun Constructions Private LimitedPrabhu Vallurupalli is a mutual person
Varun International Convention Center Private LimitedVarun Vallurupalli is a mutual person
Varun Hospitality Private LimitedVarun Vallurupalli and Prabhu Vallurupalli are mutual person
Varun Carriers Private LimitedPrabhu Vallurupalli is a mutual person
Varun Auto Sales Private LimitedPrabhu Vallurupalli is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹200.00 Cr
Charges Breakdown by Lending Institutions
- Others : 200.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 May 2018 | Others | ₹200.00 Cr | Satisfied |
How Many Employees Work at Lakshmi Finance?
Lakshmi Finance has a workforce of 597 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 Lakshmi Finance, 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 Lakshmi Finance'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 Lakshmi Finance
Recent activity within the organization
- Annual General Meeting
Lakshmi Finance Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Lakshmi Finance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.
- Director Appointment
Srinivas Cherukuri was appointed as a Additional Director was appointed as a Additional Director on 14 Oct 2023 & has been associated with this company since 1 year 7 months .
- Director Appointment
Sudhakar Rao Desai was appointed as a Additional Director was appointed as a Additional Director on 04 Aug 2023 & has been associated with this company since 1 year 9 months .
- Charges
A charge registered on 22 May 2018 via Charge ID 100199372 with Others was fully satisfied on 28 Jun 2021.
- Charges
A charge with Others of Rs. 200.00 Cr registered on 22 May 2018 with Charge ID 100199372 was modified on 06 Aug 2019.
Frequently asked questions
What is the Incorporation or founding date of Lakshmi Finance Private Limited?
Lakshmi Finance Private Limited was incorporated on 27 Dec 2016.
What is authorized share capital and paid-up capital of Lakshmi Finance Private Limited?
The authorized share capital of Lakshmi Finance Private Limited is ₹ 40.00 Cr and paid-up capital is ₹ 40.00 Cr.
Who are the current board members & directors of Lakshmi Finance Private Limited?
Currently 5 directors are associated with Lakshmi Finance Private Limited.
- Varun Dev Vallurupalli
- Prabhu Kishore Vallurupalli
- Sudhakar Rao Desai
- Srinivas Cherukuri
- Ashima Chhatwal
What is the registered address of Lakshmi Finance Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Lakshmi Finance Private Limited is 8-1-1/1 Balaji Nagar T/C Karakachettu Polamamba Road, Siripuram India, Vishakhapatnam, Andhra Pradesh, 530003.
What is the corporate identification number (CIN) and company number of Lakshmi Finance Private Limited?
The corporate identification number (CIN) of Lakshmi Finance Private Limited is U64920AP2016PTC104726 and the company number is 104726 as per Ministry of Corporate Affairs (MCA).
What is the official website of Lakshmi Finance Private Limited?
The Official website of Lakshmi Finance Private Limited is https://www.varungroup.com
What has been the recent revenue trend for Lakshmi Finance Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Lakshmi Finance Private Limited has fallen by -79.19%.
How many employees does Lakshmi Finance Private Limited currently have?
As Per 2022 financial reports, 597 employees are currently employed by Lakshmi Finance Private Limited.
What change has been observed in the net worth of Lakshmi Finance Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Lakshmi Finance Private Limited has experienced an upsurge of 11.69%.
When was the last Balance Sheet of Lakshmi Finance Private Limited filed with the ROC?
The most recent Balance Sheet for Lakshmi Finance Private Limited was filed with the ROC on 31 Mar 2024.
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