Atulya Finance Limited
About Atulya Finance Limited
Data last updated:
Atulya Finance Limited was a public limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 20 December 1991.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1991PLC012643.
The company had an authorised share capital of ₹90 Lakh and a paid-up capital of ₹43.76 Lakh. It was led by directors including Meena Hegde and Konganda Somaya Devaiah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at No 34 80 Feet Road Hal 3rd Stage, Bangalore, Karnataka, India – 560075.
As per the financials filed for FY 2024, the company reported a revenue of ₹16,100, a growth of 75% compared to the previous year. For the same year it recorded a net loss of ₹56,406 (net margin -350.3%) and EBITDA of -₹56,406 (EBITDA margin -350.3%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 5% over five years.
Court records list 67 cases involving the company, including 41 filed by the company and 26 filed against it.
Company details
CIN history
Atulya Finance has one previous CIN (Corporate Identification Number): U65910KA1991PLC012643. The current CIN is U85110KA1991PLC012643, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1991PLC012643 | Current |
| U65910KA1991PLC012643 | Previous |
Contact details
Atulya Finance Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo 34 80 Feet Road Hal 3rd Stage, Bangalore, Karnataka, India – 560075
- IndustryFinancial Services, Financial Activities
To see the full contact details of Atulya Finance 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
Financials of Atulya Finance Limited
FY 2024 filings availableAtulya Finance Limited reported revenue of ₹16,100 (up 75% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 75% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA rose 82% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹56,406 | ||||
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| Net Profit (PAT) | -₹56,406 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -350.3% | ||||
| Net Profit Margin | -350.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Atulya Finance Limited, buy the company report.
Board of directors of Atulya Finance Limited
Atulya Finance has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meena Hegde | Director | 30 Apr 1993 | 33 Years 6 Months | As last reported |
| Konganda Somaya Devaiah | Director | 17 Aug 1992 | 34 Years 2 Months | As last reported |
| Naresh Kumar Sharada Shankar | Director | 20 Dec 1991 | 34 Years 10 Months | As last reported |
| Shankar Jeppo | Director | 20 Dec 1991 | 34 Years 10 Months | As last reported |
Peer comparison
Atulya Finance Limited is compared with the 6 companies closest to it by revenue in the Ecommerce and Internet industry (Finance), 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 |
|---|---|---|---|---|---|---|
| Swarnim Investment and Finance Private Limited | ₹16,580 (FY 2025) | 10.0% | Delhi, India | |||
| Jotirling Finance and Investment Limited | ₹16,389 (FY 2025) | -81.0% | Kolhapur, Maharashtra, India | |||
| Bold Finance Technologies Private Limited | ₹16,292 (FY 2022) | Udaipur, Rajasthan, India | ||||
| Atulya Finance Limitedthis company | ₹16,100 (FY 2024) | -₹56,406 | -350.3% | 75.0% | Bangalore, Karnataka, India | |
| Shiv Sai Investments and Finance Private Limited | ₹16,015 (FY 2018) | -98.0% | Belgam, Karnataka, India | |||
| Bhattad Finance Private Limited | ₹16,000 (FY 2024) | 60.0% | Hyderabad, Telangana, India | |||
| Kamadhenu Capital and Credit Finance Private Limited | ₹16,000 (FY 2025) | -82.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Atulya Finance Limited, buy the company report.
Auditor
Atulya Finance Limited is audited by N S BHAT & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N S BHAT & CO. | FY 2017 | 013078S |
Shareholding
The shareholding of Atulya Finance 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 Atulya Finance Limited, buy the company report.
Legal cases
Atulya Finance Limited has 67 court cases on record: 41 filed by Atulya Finance, 26 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 41 | 4 | 0 |
| District courts | 26 | 22 | 0 |
Cases on record (5 of 67)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (CRL.R.P.) | Filed against the company by Frontline Leasing Company Pvt.Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Ms. Shetty Leasing India Limited 2 Others. | Disposed |
| High Court of Karnataka | Court case (ITA.CROB) | Filed by the company against The Commissioner of Income Tax | Disposed |
| High Court of Karnataka | Tax appeal | Filed against the company by The Commr of Income Tax | Disposed |
| High Court of Karnataka | Court case (CRL.RP) | Filed by the company against an individual | Disposed |
To see the full case history of Atulya Finance 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 Atulya Finance 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 Atulya Finance Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Atulya Finance Limited has 5 board changes on record since 1991: 4 appointments and 1 cessation. The latest: Umamaheswara Rao Vadlamani ceased to be Director on 02 Mar 2013.
Frequently asked questions
Atulya Finance has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Atulya Finance was a public limited company based in Bangalore, Karnataka, India. The company worked in financial activities, within the financial services industry. It was incorporated on 20 December 1991 and is registered under CIN U85110KA1991PLC012643. The company has been struck off by the Registrar of Companies and is no longer operational.
Atulya Finance had 4 directors:
- Meena Hegde - Director
- Konganda Somaya Devaiah - Director
- Naresh Kumar Sharada Shankar - Director
- Shankar Jeppo - Director
The CIN (Corporate Identification Number) of Atulya Finance is U85110KA1991PLC012643. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Atulya Finance is at No 34 80 Feet Road Hal 3rd Stage, Bangalore, Karnataka, India – 560075.
Atulya Finance was incorporated on 20 December 1991. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Atulya Finance on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
Atulya Finance operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
The peers of Atulya Finance by revenue are Swarnim Investment and Finance Private Limited, Jotirling Finance and Investment Limited, Bold Finance Technologies Private Limited, Shiv Sai Investments and Finance Private Limited, Bhattad Finance Private Limited and 1 more, all in the Ecommerce and Internet industry (Finance), with the same principal business activity (other financial activities).
Atulya Finance has 67 court cases on record: 41 filed by the company and 26 filed against it. Most are in the high courts.
Umamaheswara Rao Vadlamani ceased to be Director on 02 Mar 2013. Meena Hegde was appointed as Director on 30 Apr 1993. Konganda Somaya Devaiah was appointed as Director on 17 Aug 1992. Atulya Finance has 5 board changes on record in total.
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