Aries Financial Services Limited
About Aries Financial Services Limited
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Aries Financial Services Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 17 February 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U01100PB1993PLC013065. Its GSTIN is 03AABCA4119N1ZW (Punjab).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Aries Financial Services Private Limited. It is led by directors including Sachin Sood and Sinder Pal Singh.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at SCO 130 131A 132A Office No 801 8th Floor Apra Towers Feroze Gandhi Market, Ludhiana, Punjab, India – 141002.
As per the financials filed for FY 2019, the company reported a revenue of ₹7.08 Lakh, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹3.45 Lakh (net margin -48.7%) and EBITDA of -₹2.59 Lakh (EBITDA margin -36.6%).
Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Aries Financial Services has one previous CIN (Corporate Identification Number): U91120PB1993PLC013065. The current CIN is U01100PB1993PLC013065, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01100PB1993PLC013065 | Current |
| U91120PB1993PLC013065 | Previous |
Contact details
Aries Financial Services Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSCO 130 131A 132A Office No 801 8th Floor Apra Towers Feroze Gandhi Market, Ludhiana, Punjab, India – 141002
- IndustryFinancial Services, Financial Activities
To see the full contact details of Aries Financial Services Limited, buy the company report.
- 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
Business activity
The main business activity of Aries Financial Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Aries Financial Services Limited, buy the company report.
Financials of Aries Financial Services Limited
FY 2020 filings availableAries Financial Services Limited reported revenue of ₹7.08 Lakh (down 1% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year. EBITDA fell 234% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹2.59 Lakh | ||||
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| Net Profit (PAT) | -₹3.45 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -36.6% | ||||
| Net Profit Margin | -48.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Aries Financial Services Limited, buy the company report.
Board of directors of Aries Financial Services Limited
Aries Financial Services has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Sood Also directs: Elgran Aqua Producer Company Limited | Director | 25 Apr 2018 | 8 Years 6 Months | Current |
| Sinder Pal Singh | Director | 01 Apr 2017 | 9 Years 7 Months | Current |
| Kamal Sood | Director | 01 Apr 2017 | 9 Years 7 Months | Current |
Auditor
Aries Financial Services Limited is audited by R JAIN P BHATIA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R JAIN P BHATIA & ASSOCIATES | FY 2017 | 020606N |
Shareholding
The shareholding of Aries Financial Services Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Aries Financial Services Limited, buy the company report.
Legal cases
Aries Financial Services Limited has 7 court cases on record: 5 filed by Aries Financial Services, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 2 | 0 |
Cases on record (4 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Amritsar, Punjab | Civil suit | Filed against the company by an individual | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against M/S Vedant Sea Foods | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against an individual | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against an individual | Disposed |
To see the full case history of Aries Financial Services 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 Aries Financial Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aries Financial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCA4119N1ZW | Punjab | Active | 11 Oct 2018 |
To see the full GST registrations and return filing status of Aries Financial Services Limited, buy the company report.
Recent activity
Aries Financial Services Limited has 12 board changes on record since 2016: 3 appointments and 9 cessations. The latest: Sachin Sood ceased to be Additional Director on 30 Sep 2018.
3 earlier events are in the company report.
Frequently asked questions
Aries Financial Services is an active public limited company based in Ludhiana, Punjab, India. The company works in financial activities, within the financial services industry. It was incorporated on 17 February 1993 (33+ years old) and is registered under CIN U01100PB1993PLC013065.
Aries Financial Services has 3 current directors:
- Sachin Sood - Director
- Sinder Pal Singh - Director
- Kamal Sood - Director
The latest financial statements of Aries Financial Services on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Aries Financial Services is 03AABCA4119N1ZW, registered in Punjab.
The CIN (Corporate Identification Number) of Aries Financial Services is U01100PB1993PLC013065. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aries Financial Services has 7 court cases on record: 5 filed by the company and 2 filed against it.
Aries Financial Services was incorporated on 17 February 1993, making it 33+ years old. It is registered with the Registrar of Companies, Chandigarh.
Sachin Sood ceased to be Additional Director on 30 Sep 2018. Abhinav Sood ceased to be Director on 28 Apr 2018. Anju Sood ceased to be Director on 28 Apr 2018. Aries Financial Services has 12 board changes on record in total.
The registered office of Aries Financial Services is at SCO 130 131A 132A Office No 801 8th Floor Apra Towers Feroze Gandhi Market, Ludhiana, Punjab, India – 141002.
Aries Financial Services operates in the financial services industry, in the financial activities segment.
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