Sasvitha Home Finance Limited

Provides home finance solutions to low and middle-income customers through various loan options.

2017 | Chennai, Tamil Nadu (India) | Active
Last Updated: October 23, 2024

Sasvitha Home Finance Profile

Key Indicators

  • Authorised Capital ₹ 40.00 Cr
  • Paid Up Capital ₹ 30.06 Cr
  • Company Age 7 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 165.88 Cr
  • Satisfied Charges ₹ 15.66 Cr
  • Revenue Growth 24.38%
  • Profit Growth 29.49%
  • Ebitda 31.71%
  • Net Worth 36.35%
  • Total Assets 15.46%

About Sasvitha Home Finance

Sasvitha Home Finance Limited (SHFL) is a Public Limited Indian Non-Government Company incorporated in India on 21 June 2017 (Seven years and eight months 3 days old ). Its registered office is in Chennai, Tamil Nadu, India.

The Corporate was formerly known as Sasvitha Home Finance 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 40.00 Cr and a paid-up capital of Rs 30.06 Cr.

The company currently has active open charges totaling ₹165.88 Cr. The company has closed loans amounting to ₹15.66 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Sasvitha Home Finance Limited India are Melpadi Chakrapani as Company Secretary, Kothandapani Rajendran as Cfo, and Ramratthinam Seshadri as Ceo. Muthusamy Balachandran, Yerabhagha Reddy, Ramachandran Bhaskaran, and Four other members serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    sasvithahome.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65999TN2017PLC117189

  • Company No.

    117189

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    21 Jun 2017

  • Date of AGM

    02 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services

Who are the key members and board of directors at Sasvitha Home Finance?

Executive Team (3)

NameDesignationAppointment DateStatus
Melpadi Chakrapani Country flag representing In Company Secretary30-Sep-2024Current
Kothandapani Rajendran CFO30-Apr-2024Current
Ramratthinam Seshadri CEO30-Apr-2024Current

Board Members (7)

NameDesignationAppointment DateStatus
Valliappan Nagappan Country flag representing In Director 22-Mar-2022Current
Ramachandran Bhaskaran Country flag representing In Director 26-Sep-2022Current
Muthusamy Balachandran Country flag representing In Director 21-Jun-2017Current
Yerabhagha Reddy Country flag representing In Director 01-Oct-2024Current
Kuppan Devendiran Country flag representing In Director 21-Jun-2017Current
Karuppiah Ganesan Country flag representing In Director 08-Nov-2018Current

Financial Performance of Sasvitha Home Finance.

Sasvitha Home Finance Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 24.38% increase. The company also saw a substantial improvement in profitability, with a 29.49% increase in profit. The company's net worth Soared by an impressive increase of 36.35%.

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
24.38%
Revenue from Operations
23.60%
Total Assets
15.46%
Profit or Loss
29.49%
Net Worth
36.35%
EBITDA
31.71%

What is the Ownership and Shareholding Structure of Sasvitha Home Finance?

In 2023, Sasvitha Home Finance had a promoter holding of 13.68% and a public holding of 86.32%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹165.88 Cr

Satisfied Charges

₹15.66 Cr

Charges Breakdown by Lending Institutions

  • Others : 95.60 Cr
  • Bank Of India : 20.00 Cr
  • State Bank Of India : 19.28 Cr
  • Canara Bank : 10.00 Cr
  • Indian Overseas Bank : 9.00 Cr
  • Others : 12.00 Cr

Latest Charge Details

DateLenderAmountStatus
25 Sep 2024Others₹5.00 CrOpen
04 Jan 2024Others₹15.50 CrOpen
22 Dec 2023City Union Bank Limited₹5.00 CrOpen
15 Nov 2023Others₹10.00 CrOpen
26 Dec 2022Canara Bank₹10.00 CrOpen

How Many Employees Work at Sasvitha Home Finance?

Sasvitha Home Finance has a workforce of 61 employees as of Oct 09, 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 Sasvitha Home 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 Sasvitha Home Finance'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 Sasvitha Home Finance

Recent activity within the organization

  • Director Appointment

    Yerabhagha Meera Reddy was appointed as a Director was appointed as a Director on 01 Oct 2024 & has been associated with this company since 4 months 24 days .

    01 Oct 2024

  • Director Appointment

    Melpadi Chakrapani was appointed as a Company Secretary was appointed as a Company Secretary on 30 Sep 2024 & has been associated with this company since 4 months 25 days .

    30 Sep 2024

  • Charges

    A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100981648 was registered on 25 Sep 2024.

    25 Sep 2024

  • Annual General Meeting

    Sasvitha Home Finance Limited last Annual general meeting of members was held on 02 Sep 2024 as per latest MCA records.

    02 Sep 2024

  • Director Appointment

    Kothandapani Rajendran was appointed as a Cfo was appointed as a Cfo on 30 Apr 2024 & has been associated with this company since 9 months 25 days .

    30 Apr 2024

  • Director Appointment

    Ramratthinam Kaveripakkam Seshadri was appointed as a Ceo was appointed as a Ceo on 30 Apr 2024 & has been associated with this company since 9 months 25 days .

    30 Apr 2024

Frequently asked questions

  • Sasvitha Home Finance Limited was incorporated on 21 Jun 2017.

  • The authorized share capital of Sasvitha Home Finance Limited is ₹ 40.00 Cr and paid-up capital is ₹ 30.06 Cr.

  • Currently 10 directors are associated with Sasvitha Home Finance Limited.

    • Muthusamy Balachandran
    • Yerabhagha Meera Reddy
    • Ramachandran Bhaskaran
    • Valliappan Nagappan
    • Kuppan Devendiran
    • Karuppiah Ganesan
    • Manimaran
    • Melpadi Chakrapani
    • Kothandapani Rajendran
    • Ramratthinam Kaveripakkam Seshadri
  • As per Ministry of Corporate Affairs (Mca), the registered address of Sasvitha Home Finance Limited is Sathguru Complex 1St Floor Old No.488 New No 640 Anna Salai, Nan Danam India, Chennai, Tamil Nadu, 600035.

  • The corporate identification number (CIN) of Sasvitha Home Finance Limited is U65999TN2017PLC117189 and the company number is 117189 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Sasvitha Home Finance Limited is https://www.sasvithahome.com

  • According to the financial reports for the fiscal year 2024, the revenue trend for Sasvitha Home Finance Limited has risen by 24.38%.

  • As Per 2024 financial reports, 61 employees are currently employed by Sasvitha Home Finance Limited.

  • The financial reports for the fiscal year 2024 indicates that The net worth of Sasvitha Home Finance Limited has experienced an upsurge of 36.35%.

  • As per the financial statements for fiscal Year 2024, The total open charges for Sasvitha Home Finance Limited amount to ₹ 165.88 Cr.

  • The most recent Balance Sheet for Sasvitha Home Finance Limited was filed with the ROC on 31 Mar 2024.

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