About Ashutosh Finsec Limited
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Ashutosh Finsec Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 06 September 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65910GJ1995PLC027350.
The company has an authorised share capital of ₹3.7 Cr and a paid-up capital of ₹3.28 Cr. It was formerly known as Ashutosh Finsec Private Limited. It is led by directors including Chimanbhai Kalubhai Patel and Sangitaben Arvindbhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at A – 304 Satyamev – 2 Opp Gujarat Highcourt, Opp Karagil Petrol Pump, Ahmedabad, Gujarat, India – 380061.
As per the financials filed for FY 2023, the company reported a revenue of ₹35.96 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3.4 Lakh (net margin 9.5%) and EBITDA of ₹4.42 Lakh (EBITDA margin 12.3%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 12% over five years.
Court records list 86 cases involving the company, including 85 filed by the company and 1 filed against it; 42 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashutoshfinsec.in.
Company details
Contact details
Ashutosh Finsec Limited's registered office is in Ahmedabad, Gujarat. Its website is ashutoshfinsec.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 304 Satyamev – 2 Opp Gujarat Highcourt, Opp Karagil Petrol Pump, Ahmedabad, Gujarat, India – 380061
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Ashutosh Finsec 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 Ashutosh Finsec is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Ashutosh Finsec Limited, buy the company report.
Financials of Ashutosh Finsec Limited
FY 2023 filings availableAshutosh Finsec Limited reported revenue of ₹35.96 Lakh (up 317% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 317% growth in the latest year. EBITDA rose 103% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹4.42 Lakh | ||||
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| Net Profit (PAT) | ₹3.4 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 12.3% | ||||
| Net Profit Margin | 9.5% | ||||
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To see the full financial statements and ratios of Ashutosh Finsec Limited, buy the company report.
Board of directors of Ashutosh Finsec Limited
Ashutosh Finsec has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chimanbhai Kalubhai Patel | Director | 26 Aug 2010 | 16 Years 1 Months | Current |
| Sangitaben Arvindbhai Patel | Director | 25 Mar 2010 | 16 Years 6 Months | Current |
| Rajpalsingh Mohansinh Biyola | Additional Director | 05 Oct 2023 | 3 Years 0 Months | Current |
| Ravindrasinh Mohansinh Biyola | Director | 15 Mar 2016 | 10 Years 7 Months | Current |
Peer comparison
Ashutosh Finsec Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Southern Lease Finance Ltd | ₹36.05 Lakh (FY 2025) | -39.0% | Kolkata, West Bengal, India | |||
| Golu Neha Fiscal Services Pvt Ltd | ₹35.98 Lakh (FY 2025) | -67.0% | Kolkata, West Bengal, India | |||
| Ashutosh Finsec Limitedthis company | ₹35.96 Lakh (FY 2023) | ₹3.4 Lakh | 9.5% | 317.0% | Ahmedabad, Gujarat, India | |
| Champawat Investments and Consultants Private Limited | ₹35.95 Lakh (FY 2025) | 14.0% | Ahmedabad, Gujarat, India | |||
| MBSK Finvest Private Limited | ₹35.95 Lakh (FY 2025) | 37.0% | Kolkata, West Bengal, India | |||
| Sangrur Finvest Private Limited | ₹35.92 Lakh (FY 2024) | 35.0% | Sangrur, Punjab, India | |||
| Sukanya Trading & Finance Private Limited | ₹35.85 Lakh (FY 2021) | 45.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Ashutosh Finsec Limited, buy the company report.
Auditor
Ashutosh Finsec Limited is audited by MEHUL THAKKER & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHUL THAKKER & CO. | FY 2022 | 118993W |
Shareholding
The shareholding of Ashutosh Finsec Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashutosh Finsec Limited, buy the company report.
Legal cases
Ashutosh Finsec Limited has 86 court cases on record: 85 filed by Ashutosh Finsec, 1 filed against it. 42 cases are pending and 44 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 84 | 0 | 42 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 86)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Ashutosh Finsec 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 Ashutosh Finsec Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Ashutosh Finsec Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ashutosh Finsec Limited has 14 board changes on record since 2007: 4 appointments and 10 cessations. The latest: Rajpalsingh Mohansinh Biyola was appointed as Additional Director on 05 Oct 2023.
5 earlier events are in the company report.
Frequently asked questions
Ashutosh Finsec is an active public limited company based in Ahmedabad, Gujarat, India. The company works in nbfc, within the financial services industry. It was incorporated on 06 September 1995 (31+ years old) and is registered under CIN U65910GJ1995PLC027350.
Ashutosh Finsec has 4 current directors:
- Chimanbhai Kalubhai Patel - Director
- Sangitaben Arvindbhai Patel - Director
- Rajpalsingh Mohansinh Biyola - Additional Director
- Ravindrasinh Mohansinh Biyola - Director
The latest financial statements of Ashutosh Finsec on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ashutosh Finsec is U65910GJ1995PLC027350. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashutosh Finsec has 86 court cases on record: 85 filed by the company and 1 filed against it. 42 are pending. Most are in the district courts.
Ashutosh Finsec was incorporated on 06 September 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ashutosh Finsec by revenue are Southern Lease Finance Ltd, Golu Neha Fiscal Services Pvt Ltd, Champawat Investments and Consultants Private Limited, MBSK Finvest Private Limited, Sangrur Finvest Private Limited and 1 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Rajpalsingh Mohansinh Biyola was appointed as Additional Director on 05 Oct 2023. Chintan Ramesh Abichandani ceased to be Additional Director on 30 Nov 2021. Darshan Prabhuji Parmar ceased to be Additional Director on 30 Dec 2020. Ashutosh Finsec has 14 board changes on record in total.
Ashutosh Finsec can be reached through the website ashutoshfinsec.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Ashutosh Finsec is at A – 304 Satyamev – 2 Opp Gujarat Highcourt, Opp Karagil Petrol Pump, Ahmedabad, Gujarat, India – 380061.
Ashutosh Finsec operates in the financial services industry, in the nbfc segment.