MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-19-0025013
Afc India Limited - business outsourcing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹113.36 Cr
▲ 72% YoY
Net profit · FY 2025
₹73.03 Lakh
Net margin 0.6%
EBITDA · FY 2025
₹1.14 Cr
EBITDA margin 1%
Authorised capital
₹100 Cr
Registered with MCA
Paid-up capital
₹15 Cr
Issued & subscribed
Company age
58 yrs
Est. 1968
Directors on board
10
As per MCA filings
Active GSTINs
3
GST registered
About Afc India Limited
Data last updated:
Afc India Limited is a public limited union government company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 10 April 1968 and has been in existence for over 58 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1968GOI013983. Its GSTIN is 27AAACA8315K1ZN (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹15 Cr. It was formerly known as Agricultural Finance Corporation Limited. It is led by directors including Mashar Velapurath (Managing Director) and Ravindra Vidyadhar Boratkar.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Dhanraj Mahal 1st Floor Chatrapati Shivaji Maharaj Marg, Mumbai, Maharashtra, India – 400039.
As per the financials filed for FY 2025, the company reported a revenue of ₹113.36 Cr, a growth of 72% compared to the previous year. For the same year it recorded a net profit of ₹73.03 Lakh (net margin 0.6%) and EBITDA of ₹1.14 Cr (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years and 38% over five years.
The company is associated with 1 brand: AFC India Limited. Court records list 23 cases involving the company, including 6 filed by the company and 17 filed against it; 3 cases are pending.
Afc India Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0025013). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website afcindia.org.in.
Company details
CIN U65990MH1968GOI013983
Registration Number 013983
Incorporation Date 10 April 1968
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0025013
CIN history
Afc India has one previous CIN (Corporate Identification Number): L65990MH1968GOI013983. The current CIN is U65990MH1968GOI013983, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65990MH1968GOI013983 | Current |
| L65990MH1968GOI013983 | Previous |
Key People
Mashar Velapurath Managing Director Pratiksha Rishikesh Mayee Additional Director Ravindra Vidyadhar Boratkar Director Recognitions & Rankings of Afc India
Contact details
Afc India Limited's registered office is in Mumbai, Maharashtra. Its website is afcindia.org.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDhanraj Mahal 1st Floor Chatrapati Shivaji Maharaj Marg, Mumbai, Maharashtra, India – 400039
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Afc India Limited, buy the company report.
Comprehensive company report
Afc India Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Afc India operates one associated brand: AFC India Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Banking regulatory services are provided for the Indian financial sector. | afcindia.org.in |
Business activity
The main business activity of Afc India is agriculture, forestry, fishing. In detail, this covers support activities to agriculture and other activities including hunting.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A4 | Support activities to agriculture and Other Activities including hunting |
To see the full business activity and turnover split of Afc India Limited, buy the company report.
Financials of Afc India Limited
FY 2025 filings availableAfc India Limited reported revenue of ₹113.36 Cr (up 72% YoY) for FY 2025.
Revenue · FY 2025
₹113.36 Cr ▲ 72%
Net profit · FY 2025
₹73.03 Lakh margin 0.6%
EBITDA · FY 2025
₹1.14 Cr margin 1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 72%
3 years · compounded
▲ 55%
5 years · compounded
▲ 38%
EBITDA CAGR growth
1 year
▲ 56%
3 years · compounded
▲ 36%
5 years · compounded
▲ 22%
Revenue has grown at a compounded annual rate (CAGR) of 38% over five years, including 72% growth in the latest year. EBITDA rose 56% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹73.03 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Afc India Limited, buy the company report.
Board of directors of Afc India Limited
Afc India has 10 current directors and 59 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mashar Velapurath | Managing Director | 01 Nov 2021 | 4 Years 11 Months | Current |
| Pratiksha Rishikesh Mayee | Additional Director | 26 Sep 2024 | 2 Years 1 Months | Current |
| Ravindra Vidyadhar Boratkar Also directs: Apar Logistics & Warehousing LLP, Cian Agro Industries & Infrastructure Limited, Purti Power & Sugar Limited and 5 more | Director | 15 Apr 2021 | 5 Years 6 Months | Current |
| Deepak Ambadas Thombre Also directs: Dalmia Bharat Refractories Limited, Sanghvi Movers Limited, Vinay Cement Limited and 2 more | Director | 10 Mar 2022 | 4 Years 7 Months | Current |
| Archana Singh | Additional Director | 25 Jun 2025 | 1 Years 4 Months | Current |
| Shajan Babu Vayaprath Bangla | Additional Director | 17 Dec 2024 | 1 Years 10 Months | Current |
Showing 6 of 10 current directors. View all directors
Auditor
Afc India Limited is audited by KULKARNI AND KHANOLKAR for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KULKARNI AND KHANOLKAR | FY 2023 | 105407W |
Shareholding
The shareholding of Afc India Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Afc India Limited, buy the company report.
Legal cases
Afc India Limited has 23 court cases on record: 6 filed by Afc India, 17 filed against it. 3 cases are pending and 20 are disposed.
Total cases
23
Filed by the company
6
Filed against the company
17
Pending
3
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 20 | 14 | 3 |
| District courts | 3 | 3 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against M/S Mount Talent Consulting Pvt. Limited and 4 others | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against Mount Talent Consulting Pvt. Ltd | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Vsoft Technologies Private Limited. and 1 other | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by International Traceability Systems Ltd | Disposed |
| High Court for State of Telangana | Writ petition | Filed against the company | Pending |
To see the full case history of Afc India Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Afc India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Afc India has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACA8315K1ZN | Maharashtra | Active | 01 Jul 2017 |
| 21AAACA8315K1ZZ | Odisha | Active | 13 Feb 2024 |
| 07AAACA8315K1ZP | Delhi | Active | 21 Oct 2024 |
To see the full GST registrations and return filing status of Afc India Limited, buy the company report.
Recent activity
Afc India Limited has 72 board changes on record since 2008: 16 appointments and 56 cessations. The latest: Nakula Behera was appointed as Additional Director on 16 Dec 2025.
Appointed
Nakula Behera was appointed as Additional Director.
AGM
Afc India Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Appointed
Archana Singh was appointed as Additional Director.
Appointed
Dhananjay Singh Rathour was appointed as Additional Director.
Appointed
Sangeeta Kirtikumar Shroff was appointed as Additional Director.
Appointed
Shyam Sunder Singh was appointed as Additional Director.
Filing
Afc India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Shajan Babu Vayaprath Bangla was appointed as Additional Director.
Appointed
Pratiksha Rishikesh Mayee was appointed as Additional Director.
Ceased
Ashok Kumar Pathak ceased to be Additional Director.
Ceased
Kuldeep Singh Rana ceased to be Additional Director.
Ceased
Neeraja . Nandamudi ceased to be Additional Director.
63 earlier events are in the company report.
Frequently asked questions
Afc India is an active public limited union government company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 10 April 1968 (58+ years old) and is registered under CIN U65990MH1968GOI013983.
Afc India has 10 current directors:
- Mashar Velapurath - Managing Director
- Pratiksha Rishikesh Mayee - Additional Director
- Ravindra Vidyadhar Boratkar - Director
- Deepak Ambadas Thombre - Director
- Archana Singh - Additional Director
- Shajan Babu Vayaprath Bangla - Additional Director
- Shyam Sunder Singh - Additional Director
- Dhananjay Singh Rathour - Additional Director
- Sangeeta Kirtikumar Shroff - Additional Director
- Nakula Behera - Additional Director
The latest financial statements of Afc India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Afc India is 27AAACA8315K1ZN, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 21AAACA8315K1ZZ (Odisha), 07AAACA8315K1ZP (Delhi).
The CIN (Corporate Identification Number) of Afc India is U65990MH1968GOI013983. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Afc India has 23 court cases on record: 6 filed by the company and 17 filed against it. 3 are pending. Most are in the high courts.
Afc India was incorporated on 10 April 1968, making it 58+ years old. It is registered with the Registrar of Companies, Mumbai.
Nakula Behera was appointed as Additional Director on 16 Dec 2025. Archana Singh was appointed as Additional Director on 25 Jun 2025. Dhananjay Singh Rathour was appointed as Additional Director on 25 Jun 2025. Afc India has 72 board changes on record in total.
Yes, Afc India is registered as an MSME under Udyam registration (number: UDYAM-MH-19-0025013).
Afc India can be reached through the website afcindia.org.in. Its registered office is in Mumbai, Maharashtra, India.