White-Elephant Finance Limited

NBFC providing microfinance and finance-related services in 12 states.

1995 | Ahmedabad, Gujarat (India) | Active
Last Updated: October 24, 2024

White-Elephant Finance Profile

Key Indicators

  • Authorised Capital ₹ 3.20 Cr
  • Paid Up Capital ₹ 3.00 Cr
  • Company Age 29 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth -8.43%
  • Profit Growth 153.68%
  • Ebitda -47.33%
  • Net Worth 4.29%
  • Total Assets 2.47%

About White-Elephant Finance

White-Elephant Finance Limited (WFL) is a Public Limited Indian Non-Government Company incorporated in India on 16 March 1995 and has a history of 29 years and ten months. Its registered office is in Ahmedabad, Gujarat, India.

The Corporate was formerly known as Chokshi Finance 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 2023. It's a company limited by shares with an authorized capital of Rs 3.20 Cr and a paid-up capital of Rs 3.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at White-Elephant Finance Limited India is Dipakkumar Dholakiya as CFO. Dipakkumar Dholakiya, Natwarlal Dholakia, and Jugalkishor Dholakia serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U65910GJ1995PLC025057

  • Company No.

    025057

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    16 Mar 1995

  • Date of AGM

    25 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Financial Services

Who are the key members and board of directors at White-Elephant Finance?

Executive Team (1)

Name Designation Appointment Date Status
Dipakkumar Dholakiya Country flag representing In CFO 22-May-2017 Current

Board Members (3)

Name Designation Appointment Date Status
Dipakkumar Dholakiya Country flag representing In Director and Cfo 19-Jun-2003 Current
Natwarlal Dholakia Country flag representing In Director 19-Jun-2003 Current
Jugalkishor Dholakia Country flag representing In Whole-Time Director 19-Jun-2003 Current

Financial Performance of White-Elephant Finance.

White-Elephant Finance Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 8.43% decrease. The company also saw a substantial improvement in profitability, with a 153.68% increase in profit. The company's net worth moved up by a moderate rise of 4.29%.

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
-8.43%
Revenue from Operations
Total Assets
2.47%
Profit or Loss
153.68%
Net Worth
4.29%
EBITDA
-47.33%

What is the Ownership and Shareholding Structure of White-Elephant Finance?

In 2023, White-Elephant Finance had a promoter holding of 38.13% and a public holding of 61.87%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at White-Elephant Finance?

Unlock and access historical data on people associated with White-Elephant Finance, 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 White-Elephant 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 White-Elephant 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 White-Elephant Finance

Recent activity within the organization

  • Annual General Meeting

    White-Elephant Finance Limited last Annual general meeting of members was held on 25 Sep 2023 as per latest MCA records.

    25 Sep 2023

  • Balance Sheet

    White-Elephant Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

    31 Mar 2023

  • Director Appointment

    Dipakkumar Natwarlal Dholakiya was appointed as a Cfo was appointed as a Cfo on 22 May 2017 & has been associated with this company since 7 years 8 months .

    22 May 2017

  • Director Appointment

    Dipakkumar Natwarlal Dholakiya was appointed as a Director was appointed as a Director on 19 Jun 2003 & has been associated with this company since 21 years 7 months .

    19 Jun 2003

  • Director Appointment

    Natwarlal Vachhraj Dholakia was appointed as a Director was appointed as a Director on 19 Jun 2003 & has been associated with this company since 21 years 7 months .

    19 Jun 2003

  • Director Appointment

    Jugalkishor Natwarlal Dholakia was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 19 Jun 2003 & has been associated with this company since 21 years 7 months .

    19 Jun 2003

Frequently asked questions

  • White-Elephant Finance Limited was incorporated on 16 Mar 1995.

  • The authorized share capital of White-Elephant Finance Limited is ₹ 3.20 Cr and paid-up capital is ₹ 3.00 Cr.

  • Currently 4 directors are associated with White-Elephant Finance Limited.

    • Dipakkumar Natwarlal Dholakiya
    • Natwarlal Vachhraj Dholakia
    • Jugalkishor Natwarlal Dholakia
    • Dipakkumar Natwarlal Dholakiya
  • As per Ministry of Corporate Affairs (Mca), the registered address of White-Elephant Finance Limited is B-2 Ashoka Apartment Nr. Orient Club, Ellisbridge India, Ahmedabad, Gujarat, 380006.

  • The corporate identification number (CIN) of White-Elephant Finance Limited is U65910GJ1995PLC025057 and the company number is 025057 as per Ministry of Corporate Affairs (MCA).

  • The Official website of White-Elephant Finance Limited is https://www.aksharfinancelimited.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for White-Elephant Finance Limited has fallen by -8.43%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of White-Elephant Finance Limited has experienced an upsurge of 4.29%.

  • The most recent Balance Sheet for White-Elephant Finance Limited was filed with the ROC on 31 Mar 2023.

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