Thar Commercial Finance Profile
Key Indicators
- Authorised Capital ₹ 50.00 Cr
- Paid Up Capital ₹ 49.96 Cr
- Company Age 16 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 30.00 Cr
- Satisfied Charges ₹ 5.00 Cr
- Revenue Growth 10.32%
- Profit Growth -5.82%
- Ebitda 9.54%
- Net Worth 4.65%
- Total Assets 11.54%
About Thar Commercial Finance
Thar Commercial Finance Private Limited (TCFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 25 July 2008 and has a history of 16 years and eight months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as India Advantage 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 50.00 Cr and a paid-up capital of Rs 49.96 Cr.
The company currently has active open charges totaling ₹30.00 Cr. The company has closed loans amounting to ₹5.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Thar Commercial Finance Private Limited India is Nachiket Sohani as COMPANY SECRETARY. Yatin Mankad, Chintan Shah, and Vivek Thar 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
U65999MH2008PTC185082
- Company No.
185082
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
25 Jul 2008
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Who are the key members and board of directors at Thar Commercial Finance?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Nachiket Sohani | Company Secretary | 01-Apr-2024 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vivek Thar  | Director | 21-Feb-2015 | Current |
| Chintan Shah | Director | 21-Jan-2019 | Current |
| Yatin Mankad | Director | 10-May-2021 | Current |
Financial Performance of Thar Commercial Finance.
Thar Commercial Finance Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 10.32% increase. The company also saw a slight decrease in profitability, with a 5.82% decrease in profit. The company's net worth moved up by a moderate rise of 4.65%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Thar Commercial Finance?
In 2023, Thar Commercial Finance had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Walchand Peoplefirst LimitedNachiket Sohani is a mutual person
- Jrt Realty Llp
Chintan Shah is a mutual person
- Jrt Builders And Developers Llp
Chintan Shah is a mutual person
- Jrt Homes Llp
Chintan Shah is a mutual person
- Jrt Projects Llp
Chintan Shah is a mutual person
- Khushi Textiles Private Limited
Chintan Shah is a mutual person
Charges (Loans)
Open Charges
₹30.00 Cr
Satisfied Charges
₹5.00 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 20.00 Cr
- Others : 10.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Mar 2024 | Others | ₹10.00 Cr | Open |
| 30 Aug 2022 | State Bank Of India | ₹20.00 Cr | Open |
| 28 Jun 2019 | Others | ₹5.00 Cr | Satisfied |
How Many Employees Work at Thar Commercial Finance?
Unlock and access historical data on people associated with Thar Commercial Finance, 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 Thar Commercial 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 Thar Commercial Finance'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 Thar Commercial Finance
Recent activity within the organization
- Annual General Meeting
Thar Commercial Finance Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Director Appointment
Nachiket Sudhir Sohani was appointed as a Company Secretary was appointed as a Company Secretary on 01 Apr 2024 & has been associated with this company since 11 months 28 days .
- Balance Sheet
Thar Commercial Finance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100893392 was registered on 13 Mar 2024.
- Charges
A charge registered on 28 Jun 2019 via Charge ID 100277022 with Others was fully satisfied on 01 Jun 2023.
- Charges
A charge with State Bank Of India amounted to Rs. 20.00 Cr with Charge ID 100608677 was registered on 30 Aug 2022.
Frequently asked questions
What is the Incorporation or founding date of Thar Commercial Finance Private Limited?
Thar Commercial Finance Private Limited was incorporated on 25 Jul 2008.
What is authorized share capital and paid-up capital of Thar Commercial Finance Private Limited?
The authorized share capital of Thar Commercial Finance Private Limited is ₹ 50.00 Cr and paid-up capital is ₹ 49.96 Cr.
Who are the current board members & directors of Thar Commercial Finance Private Limited?
Currently 4 directors are associated with Thar Commercial Finance Private Limited.
- Yatin Ajitrai Mankad
- Chintan Hitendra Shah
- Vivek Jayesh Thar
- Nachiket Sudhir Sohani
What is the registered address of Thar Commercial Finance Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Thar Commercial Finance Private Limited is 602 A- Wing 6Th Floor Kaledonia Building Sahar Road Near Railway Station, Andher I (East) India, Mumbai, Maharashtra, 400069.
What is the corporate identification number (CIN) and company number of Thar Commercial Finance Private Limited?
The corporate identification number (CIN) of Thar Commercial Finance Private Limited is U65999MH2008PTC185082 and the company number is 185082 as per Ministry of Corporate Affairs (MCA).
What is the official website of Thar Commercial Finance Private Limited?
The Official website of Thar Commercial Finance Private Limited is https://www.me.com
What has been the recent revenue trend for Thar Commercial Finance Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Thar Commercial Finance Private Limited has risen by 10.32%.
What change has been observed in the net worth of Thar Commercial Finance Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Thar Commercial Finance Private Limited has experienced an upsurge of 4.65%.
What are the total open charges for Thar Commercial Finance Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Thar Commercial Finance Private Limited amount to ₹ 30.00 Cr.
When was the last Balance Sheet of Thar Commercial Finance Private Limited filed with the ROC?
The most recent Balance Sheet for Thar Commercial Finance Private Limited was filed with the ROC on 31 Mar 2024.
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