Shah Financial Services Limited
Provides NBFC services since 1996, based in Mumbai, Maharashtra.
1996 | Mumbai, Maharashtra (India) | Active
Shah Financial Services Profile
Key Indicators
- Authorised Capital ₹ 15.50 Cr
- Paid Up Capital ₹ 13.89 Cr
- Company Age 28 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 131.66 Cr
- Satisfied Charges ₹ 279.16 Cr
- Revenue Growth -90.52%
- Profit Growth -129.29%
- Ebitda -118.59%
- Net Worth -0.16%
- Total Assets -0.40%
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 eight 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 2024. 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 are Mahesh Maru as CFO and Mamta Sharma as Company Secretary. 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
21 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Shah Financial Services Limited
Explore comprehensive data for Shah Financial Services Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Shah Financial Services?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ashok Shah  | Managing Director | 05-Aug-1996 | Current |
| Mahesh Maru | CFO | 30-Nov-2021 | Current |
| Mamta Sharma | Company Secretary | 10-Dec-2024 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Hirenbhai Prajapati | Director | 01-Jan-2021 | Current |
| Girish Shetty | Director | 30-Aug-2008 | Current |
| Mahesh Maru | Whole-Time Director and Cfo | 05-Aug-1996 | Current |
| Mahendra Shah | Director | 05-Aug-1996 | Current |
| Bharat Dixit | Director | 01-Jan-2021 | Current |
Financial Performance of Shah Financial Services.
Shah Financial Services Limited, for the financial year ended 2024, experienced significant reduction in revenue, with a 90.52% decrease. The company also saw a substantial fall in profitability, with a 129.29% decrease in profit. The company's net worth dipped by a decrease of 0.16%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Shah Financial Services?
In 2024, Shah Financial Services had a promoter holding of 53.93% and a public holding of 46.07%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Shah Paper Mills LimitedGirish Shetty, Ashok Shah and 1 more are mutual person
- Shah Tradelink And Industries Llp
Mahesh Maru is a mutual person
- Hum Estate Facilitators Llp
Ashok Shah is a mutual person
- Enem Marketing Llp
Mahendra Shah is a mutual person
Charges (Loans)
Open Charges
₹131.66 Cr
Satisfied Charges
₹279.16 Cr
Charges Breakdown by Lending Institutions
- Others : 131.66 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Mar 2019 | Others | ₹131.66 Cr | Open |
| 17 Jun 2014 | Indostar Capital Finance Limited | ₹279.16 Cr | Satisfied |
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.
Deals i
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
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 Shah Financial Services
Recent activity within the organization
- Director Appointment
Mamta Sharma was appointed as a Company Secretary was appointed as a Company Secretary on 10 Dec 2024 & has been associated with this company since 4 months 5 days .
- Annual General Meeting
Shah Financial Services Limited last Annual general meeting of members was held on 21 Sep 2024 as per latest MCA records.
- Balance Sheet
Shah Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- 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.
- 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 4 months .
- 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 3 months .
Frequently asked questions
What is the Incorporation or founding date of Shah Financial Services Limited?
Shah Financial Services Limited was incorporated on 05 Aug 1996.
What is authorized share capital and paid-up capital of Shah Financial Services Limited?
The authorized share capital of Shah Financial Services Limited is ₹ 15.50 Cr and paid-up capital is ₹ 13.89 Cr.
Who are the current board members & directors of Shah Financial Services Limited?
Currently 8 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
- Mamta Sharma
What is the registered address of Shah Financial Services Limited?
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.
What is the corporate identification number (CIN) and company number of Shah Financial Services Limited?
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).
What has been the recent revenue trend for Shah Financial Services Limited?
According to the financial reports for the fiscal year 2024, the revenue trend for Shah Financial Services Limited has fallen by -90.52%.
What change has been observed in the net worth of Shah Financial Services Limited, and by what percentage?
The financial reports for the fiscal year 2024 indicates that The net worth of Shah Financial Services Limited has experienced an downturn of -0.16%.
What are the total open charges for Shah Financial Services Limited?
As per the financial statements for fiscal Year 2024, The total open charges for Shah Financial Services Limited amount to ₹ 131.66 Cr.
When was the last Balance Sheet of Shah Financial Services Limited filed with the ROC?
The most recent Balance Sheet for Shah Financial Services Limited was filed with the ROC on 31 Mar 2024.
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