Shah Financial Services Limited

Provides NBFC services since 1996, based in Mumbai, Maharashtra.

1996 | Mumbai, Maharashtra (India) | Active
Last Updated: December 15, 2024

Shah Financial Services Profile

Key Indicators

  • Authorised Capital ₹ 15.50 Cr
  • Paid Up Capital ₹ 13.89 Cr
  • Company Age 28 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 131.66 Cr
  • Satisfied Charges ₹ 279.16 Cr
  • Revenue Growth 206.38%
  • Profit Growth 233.69%
  • Ebitda 1116.37%
  • Net Worth 1.47%
  • Total Assets -1.49%

About Shah Financial Services

Shah Financial Services Limited (SFSL) is a Public Limited Indian Non-Government Company incorporated in India on 05 August 1996 and has a history of 28 years and six months. Its registered office is in Mumbai, Maharashtra, 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 15.50 Cr and a paid-up capital of Rs 13.89 Cr.

The company currently has active open charges totaling ₹131.66 Cr. The company has closed loans amounting to ₹279.16 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Shah Financial Services Limited India is Mahesh Maru as CFO. Girish Shetty, Mahesh Maru, Ashok Shah, and Three other members 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

    U67120MH1996PLC101623

  • Company No.

    101623

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    05 Aug 1996

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services

Who are the key members and board of directors at Shah Financial Services?

Executive Team (2)

NameDesignationAppointment DateStatus
Ashok Shah Country flag representing In Managing Director05-Aug-1996Current
Mahesh Maru Country flag representing In CFO30-Nov-2021Current

Board Members (5)

NameDesignationAppointment DateStatus
Hirenbhai Prajapati Country flag representing In Director 01-Jan-2021Current
Girish Shetty Country flag representing In Director 30-Aug-2008Current
Mahesh Maru Country flag representing In Whole-Time Director and Cfo 05-Aug-1996Current
Mahendra Shah Country flag representing In Director 05-Aug-1996Current
Bharat Dixit Country flag representing In Director 01-Jan-2021Current

Financial Performance of Shah Financial Services.

Shah Financial Services Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 206.38% increase. The company also saw a substantial improvement in profitability, with a 233.69% increase in profit. The company's net worth moved up by a moderate rise of 1.47%.

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
206.38%
Revenue from Operations
247.85%
Total Assets
-1.49%
Profit or Loss
233.69%
Net Worth
1.47%
EBITDA
1116.37%

What is the Ownership and Shareholding Structure of Shah Financial Services?

In 2022, Shah Financial Services had a promoter holding of 43.90% and a public holding of 56.10%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹131.66 Cr

Satisfied Charges

₹279.16 Cr

Charges Breakdown by Lending Institutions

  • Others : 131.66 Cr

Latest Charge Details

DateLenderAmountStatus
19 Mar 2019Others₹131.66 CrOpen
17 Jun 2014Indostar Capital Finance Limited₹279.16 CrSatisfied

How Many Employees Work at Shah Financial Services?

Unlock and access historical data on people associated with Shah Financial Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Shah 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 Shah Financial Services'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 Shah Financial Services

Recent activity within the organization

  • Annual General Meeting

    Shah Financial Services Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge with Others of Rs. 131.66 Cr registered on 19 Mar 2019 with Charge ID 100250051 was modified on 07 Jun 2023.

    07 Jun 2023

  • Balance Sheet

    Shah Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Director Appointment

    Mahesh Khetsi Maru was appointed as a Cfo was appointed as a Cfo on 30 Nov 2021 & has been associated with this company since 3 years 2 months .

    30 Nov 2021

  • Director Appointment

    Hirenbhai Vinodrai Prajapati was appointed as a Director was appointed as a Director on 01 Jan 2021 & has been associated with this company since 4 years 1 month .

    01 Jan 2021

  • Director Appointment

    Bharat Dixit was appointed as a Director was appointed as a Director on 01 Jan 2021 & has been associated with this company since 4 years 1 month .

    01 Jan 2021

Frequently asked questions

  • Shah Financial Services Limited was incorporated on 05 Aug 1996.

  • The authorized share capital of Shah Financial Services Limited is ₹ 15.50 Cr and paid-up capital is ₹ 13.89 Cr.

  • Currently 7 directors are associated with Shah Financial Services Limited.

    • Girish Sarvotham Shetty
    • Mahesh Khetsi Maru
    • Ashok Zaverchand Shah
    • Mahendra Hirji Shah
    • Hirenbhai Vinodrai Prajapati
    • Bharat Dixit
    • Mahesh Khetsi Maru
  • As per Ministry of Corporate Affairs (Mca), the registered address of Shah Financial Services Limited is Office No. 209 2Nd Floor M. L. Spaces Dashrathlal Joshi Road Vile Parle (West ), India, Mumbai, Maharashtra, 400056.

  • The corporate identification number (CIN) of Shah Financial Services Limited is U67120MH1996PLC101623 and the company number is 101623 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2022, the revenue trend for Shah Financial Services Limited has risen by 206.38%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Shah Financial Services Limited has experienced an upsurge of 1.47%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Shah Financial Services Limited amount to ₹ 131.66 Cr.

  • The most recent Balance Sheet for Shah Financial Services Limited was filed with the ROC on 31 Mar 2023.

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