Prayas Financial Services Profile
Key Indicators
- Authorised Capital ₹ 30.00 Cr
- Paid Up Capital ₹ 23.65 Cr
- Company Age 8 Year, 17 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 18.50 Cr
- Satisfied Charges ₹ 11.42 Cr
- Revenue Growth 75.41%
- Profit Growth 127.95%
- Ebitda 3717.32%
- Net Worth 201.53%
- Total Assets 88.77%
About Prayas Financial Services
Prayas Financial Services Private Limited (PFSPL) is a Private Limited Indian Non-Government Company incorporated in India on 03 March 2017 (Eight years 17 days old ). Its registered office is in Ahmedabad, Gujarat, 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 30.00 Cr and a paid-up capital of Rs 23.65 Cr.
The company currently has active open charges totaling ₹18.50 Cr. The company has closed loans amounting to ₹11.42 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Prayas Financial Services Private Limited India are Divya Rathi as Company Secretary, Mr Desai as Cfo, and Abhisek Khanna as Ceo. Sidharth Sinha, Pranav Desai, Bhavana Srivastava, and Three other members serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U67190GJ2017PTC096063
- Company No.
096063
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
03 Mar 2017
- Date of AGM
09 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Financial Services
Prayas Financial Services Private Limited
Explore comprehensive data for Prayas Financial Services Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Prayas Financial Services?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Abhisek Khanna  | Managing Director | 16-May-2023 | Current |
| Divya Rathi | Company Secretary | Current | |
| Mr Desai | CFO | 14-Aug-2023 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Surendra Srivastava | Director | 23-Mar-2022 | Current |
| Sidharth Sinha | Nominee Director | 16-May-2023 | Current |
| Pranav Desai | Nominee Director and Cfo | 16-May-2023 | Current |
| Bhavana Srivastava | Director | 03-Feb-2024 | Current |
Guerol Sari  | Director | 14-Aug-2023 | Current |
Financial Performance of Prayas Financial Services.
Prayas Financial Services Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 75.41% increase. The company also saw a substantial improvement in profitability, with a 127.95% increase in profit. The company's net worth Soared by an impressive increase of 201.53%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Prayas Financial Services?
In 2023, Prayas Financial Services had a promoter holding of 97.36% and a public holding of 2.64%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Finvalue Advisors Private LimitedBhavana Srivastava is a mutual person
Charges (Loans)
Open Charges
₹18.50 Cr
Satisfied Charges
₹11.42 Cr
Charges Breakdown by Lending Institutions
- Others : 18.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jul 2024 | Others | ₹5.00 Cr | Open |
| 01 Dec 2023 | Others | ₹5.00 Cr | Open |
| 22 Feb 2023 | Others | ₹2.00 Cr | Open |
| 29 Dec 2022 | Others | ₹5.00 Cr | Open |
| 26 Nov 2020 | Others | ₹1.50 Cr | Open |
How Many Employees Work at Prayas Financial Services?
Unlock and access historical data on people associated with Prayas Financial Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Prayas 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 Prayas 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 Prayas Financial Services
Recent activity within the organization
- Charges
A charge registered on 28 Jun 2021 via Charge ID 100458979 with Others was fully satisfied on 22 Aug 2024.
- Annual General Meeting
Prayas Financial Services Private Limited last Annual general meeting of members was held on 09 Aug 2024 as per latest MCA records.
- Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100950789 was registered on 08 Jul 2024.
- Charges
A charge registered on 29 Mar 2023 via Charge ID 100709117 with Idbi Trusteeship Services Limited was fully satisfied on 04 Apr 2024.
- Balance Sheet
Prayas Financial Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Director Appointment
Bhavana Srivastava was appointed as a Director was appointed as a Director on 03 Feb 2024 & has been associated with this company since 1 year 1 month .
Frequently asked questions
What is the Incorporation or founding date of Prayas Financial Services Private Limited?
Prayas Financial Services Private Limited was incorporated on 03 Mar 2017.
What is authorized share capital and paid-up capital of Prayas Financial Services Private Limited?
The authorized share capital of Prayas Financial Services Private Limited is ₹ 30.00 Cr and paid-up capital is ₹ 23.65 Cr.
Who are the current board members & directors of Prayas Financial Services Private Limited?
Currently 9 directors are associated with Prayas Financial Services Private Limited.
- Sidharth Sinha
- Pranav Shailesh Desai
- Bhavana Srivastava
- Surendra Srivastava
- Abhisek Khanna
- Guerol Michael Sari
- Divya Rathi
- Mr Pranav Desai
- Abhisek Khanna
What is the registered address of Prayas Financial Services Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Prayas Financial Services Private Limited is 903 9Th Floor Sakar-Ix Besides Old Rbi Ashram Road, Ahmedabad City India, City Ahmedabad, Gujarat, 380009.
What is the corporate identification number (CIN) and company number of Prayas Financial Services Private Limited?
The corporate identification number (CIN) of Prayas Financial Services Private Limited is U67190GJ2017PTC096063 and the company number is 096063 as per Ministry of Corporate Affairs (MCA).
What is the official website of Prayas Financial Services Private Limited?
The Official website of Prayas Financial Services Private Limited is https://www.prayasfinance.com
What has been the recent revenue trend for Prayas Financial Services Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Prayas Financial Services Private Limited has risen by 75.41%.
What change has been observed in the net worth of Prayas Financial Services Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Prayas Financial Services Private Limited has experienced an upsurge of 201.53%.
What are the total open charges for Prayas Financial Services Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Prayas Financial Services Private Limited amount to ₹ 18.50 Cr.
When was the last Balance Sheet of Prayas Financial Services Private Limited filed with the ROC?
The most recent Balance Sheet for Prayas Financial Services Private Limited was filed with the ROC on 31 Mar 2024.
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