Samavesh Finserve Private Limited

Provides microfinance services including business process, loans, and insurance through partnerships with various companies.

2019 | Varanasi, Uttar Pradesh (India) | Active
Last Updated: July 17, 2024

Samavesh Finserve Profile

Key Indicators

  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 13.33 Cr
  • Company Age 5 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 96.75 Cr
  • Satisfied Charges ₹ 22.50 Cr
  • Revenue Growth 95.40%
  • Profit Growth 63.37%
  • Ebitda 148.30%
  • Net Worth 2.45%
  • Total Assets 48.68%

About Samavesh Finserve

Samavesh Finserve Private Limited (SFPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 26 February 2019 (Five years and 11 months 6 days old ). Its registered office is in Varanasi, Uttar 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 2023. It's a company limited by shares with an authorized capital of Rs 15.00 Cr and a paid-up capital of Rs 13.33 Cr.

The company currently has active open charges totaling ₹96.75 Cr. The company has closed loans amounting to ₹22.50 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Samavesh Finserve Private Limited India are Rajesh Mishra as CEO and Shashank Dubey as Company Secretary. Rajesh Mishra, Vinod Kathuria, Tushar Dhanuka, and Three other members serve as directors at the Company.

Company Details

  • Location

    Varanasi, Uttar Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65990UP2019PTC114159

  • Company No.

    114159

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    26 Feb 2019

  • Date of AGM

    16 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kanpur

Industry

Financial Services

Who are the key members and board of directors at Samavesh Finserve?

Executive Team (3)

Name Designation Appointment Date Status
Shiv Agrawal Country flag representing In Managing Director 26-Feb-2019 Current
Rajesh Mishra CEO 20-Jun-2020 Current
Shashank Dubey Company Secretary 01-Mar-2020 Current

Board Members (5)

Name Designation Appointment Date Status
Tushar Dhanuka Country flag representing In Director 26-Feb-2019 Current
Raji Gain Country flag representing In Additional Director 02-Apr-2024 Current
Rajesh Mishra Country flag representing In Director 26-Feb-2019 Current
Vinod Kathuria Country flag representing In Director 17-Jan-2020 Current
Ashok Chaubey Country flag representing In Director 26-Feb-2019 Current

Financial Performance of Samavesh Finserve.

Samavesh Finserve Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 95.4% increase. The company also saw a substantial improvement in profitability, with a 63.37% increase in profit. The company's net worth moved up by a moderate rise of 2.45%.

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
95.40%
Revenue from Operations
90.90%
Total Assets
48.68%
Profit or Loss
63.37%
Net Worth
2.45%
EBITDA
148.30%

What is the Ownership and Shareholding Structure of Samavesh Finserve?

In 2023, Samavesh Finserve had a promoter holding of 12.84% and a public holding of 87.16%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹96.75 Cr

Satisfied Charges

₹22.50 Cr

Charges Breakdown by Lending Institutions

  • Others : 76.75 Cr
  • State Bank Of India : 20.00 Cr

Latest Charge Details

Date Lender Amount Status
28 Mar 2024 Others ₹1.00 Cr Open
20 Mar 2024 Others ₹1.00 Cr Open
20 Mar 2024 Others ₹5.00 Cr Open
14 Mar 2024 Others ₹1.00 Cr Open
04 Mar 2024 Others ₹2.00 Cr Open

How Many Employees Work at Samavesh Finserve?

Samavesh Finserve has a workforce of 247 employees as of Mar 23, 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 Samavesh Finserve, 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 Samavesh Finserve'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 Samavesh Finserve

Recent activity within the organization

  • Director Appointment

    Raji Thekedathumadam Subramani Gain was appointed as a Additional Director was appointed as a Additional Director on 02 Apr 2024 & has been associated with this company since 10 months .

    02 Apr 2024

  • Charges

    A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100894649 was registered on 28 Mar 2024.

    28 Mar 2024

  • Charges

    A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100893122 was registered on 20 Mar 2024.

    20 Mar 2024

  • Charges

    A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100894391 was registered on 20 Mar 2024.

    20 Mar 2024

  • Charges

    A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100883720 was registered on 14 Mar 2024.

    14 Mar 2024

  • Charges

    A charge registered on 26 Aug 2022 via Charge ID 100604457 with Others was fully satisfied on 07 Mar 2024.

    07 Mar 2024

Frequently asked questions

  • Samavesh Finserve Private Limited was incorporated on 26 Feb 2019.

  • The authorized share capital of Samavesh Finserve Private Limited is ₹ 15.00 Cr and paid-up capital is ₹ 13.33 Cr.

  • Currently 8 directors are associated with Samavesh Finserve Private Limited.

    • Rajesh Kumar Mishra
    • Vinod Kumar Kathuria
    • Tushar Dhanuka
    • Ashok Kumar Chaubey
    • Raji Thekedathumadam Subramani Gain
    • Shiv Kumar Agrawal
    • Rajesh Mishra
    • Shashank Shekhar Dubey
  • As per Ministry of Corporate Affairs (Mca), the registered address of Samavesh Finserve Private Limited is 602 Tower A 6Th Floor Vinayak Plaza Maldahiya, Varanasi, Uttar Pradesh, India, 221002.

  • The corporate identification number (CIN) of Samavesh Finserve Private Limited is U65990UP2019PTC114159 and the company number is 114159 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Samavesh Finserve Private Limited is https://www.samaveshmfi.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Samavesh Finserve Private Limited has risen by 95.40%.

  • As Per 2023 financial reports, 247 employees are currently employed by Samavesh Finserve Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Samavesh Finserve Private Limited has experienced an upsurge of 2.45%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Samavesh Finserve Private Limited amount to ₹ 96.75 Cr.

  • The most recent Balance Sheet for Samavesh Finserve Private Limited was filed with the ROC on 31 Mar 2023.