About Canopy Finance Limited
Data last updated:
Canopy Finance Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 26 June 1981.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN L65910MH1981PLC380399. The company has 1 GST registration on record, which is no longer active. It is recorded as listed by MCA, but its shares were delisted from BSE on 28 Mar 2024 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.59 Cr. It was formerly known as Kartavya Udyog Viniyog Limited. It was led by directors including Lalit Kumar Tapadia (Managing Director) and Manisha Agarwal.
Its last annual general meeting (AGM) was held on 14 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.18 Cr, a decline of 66.11% compared to the previous year.
Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending. The company has 21 deals on record (20 market trades, 1 acquisition); the latest was in February 2024. Its 6 peer companies in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 3 smaller; the largest is Jayshree Credit Services Private Limited with revenue of ₹2.24 Cr.
The last known website on record is canopyfinance.org.
Company details
CIN history
Canopy Finance has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L65910MH1981PLC380399, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65910MH1981PLC380399 | Current |
| L65910AS1981PLC017921 | Previous |
| L65910WB1981PLC033821 | Previous |
Contact details
Canopy Finance Limited's registered office is in Mumbai, Maharashtra. Its website is canopyfinance.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2nd Floor Satvant Villa, Aarey Road Bhd Delux Zerox, Mumbai, Maharashtra, India – 400104
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Canopy 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
Business activity
Canopy Finance operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Other financial activities |
To see the full business activity and turnover split of Canopy Finance Limited, buy the company report.
Financials of Canopy Finance Limited
FY 2023 filings availableCanopy Finance Limited reported revenue of ₹1.18 Cr (down 66.11% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 66.11% in the latest 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.18 Cr | ||||
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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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To see the full financial statements and ratios of Canopy Finance Limited, buy the company report.
Board of directors and KMP of Canopy Finance Limited
Canopy Finance Limited currently reports 5 directors and 1 key managerial person. 14 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalit Kumar Tapadia | Managing Director | 21 May 2018 | 8 Years 5 Months | As last reported |
| Manisha Agarwal | Director | 12 Feb 2019 | 7 Years 8 Months | As last reported |
| Suresh Salian Also directs: HCKK Ventures Limited, Flomic Global Logistics Limited | Director | 09 Nov 2022 | 3 Years 11 Months | As last reported |
| Varun Newatia | Director | 24 Mar 2018 | 8 Years 7 Months | As last reported |
| Aneish Kumaran Kumar | Director | 25 May 2022 | 4 Years 5 Months | As last reported |
| Anita Kejriwal Also directs: Jain Vanijya Udyog Limited | Company Secretary | 29 Jul 2023 | 3 Years 2 Months | As last reported |
Peer comparison
Canopy Finance Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Finance, 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 |
|---|---|---|---|---|---|---|
| Jayshree Credit Services Private Limited | ₹2.24 Cr (FY 2025) | 232.0% | Bangalore, Karnataka, India | |||
| Vertex Suppliers Private Limited | ₹2.24 Cr (FY 2024) | -52.0% | Kolkata, West Bengal, India | |||
| Superior Finlease Limited | ₹2.24 Cr (FY 2023) | 60.0% | New Delhi, Delhi, India | |||
| Anilraj Promoters & Fincon Pvt. Ltd. | ₹2.23 Cr (FY 2025) | -27.0% | Kolkata, West Bengal, India | |||
| Duruva Finance Private Limited | ₹2.23 Cr (FY 2025) | 17.0% | Karur, Tamil Nadu, India | |||
| Sambandh Finserve Private Limited | ₹2.23 Cr (FY 2022) | -88.0% | Rourkela, Odisha, India | |||
| Canopy Finance Limitedthis company | ₹1.18 Cr (FY 2023) | -66.1% | Mumbai, Maharashtra, India |
To see the full peer comparison of Canopy Finance Limited, buy the company report.
Auditor
Canopy Finance Limited is audited by A.Saraogi & Associates for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.Saraogi & Associates | FY 2019 | 322993E |
Shareholding
The shareholding of Canopy Finance 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 Canopy Finance Limited, buy the company report.
Deals & funding
Canopy Finance Limited has 21 deals on record (20 market trades, 1 acquisition); the latest was in February 2024.
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2023 | Market trade | ₹2.2 Cr | Buyer: 2 individuals Seller: Linkup Financial Consultants Private Limited |
| Apr 2023 | Market trade | ₹1.07 Cr | Seller: Linkup Financial Consultants Private Limited |
| Jan 2023 | Market trade | ₹70 Lakh | Seller: Pranesh Dealmark Private Limited |
| Dec 2022 | Market trade | ₹1.14 Cr | Seller: Pranesh Dealmark Private Limited |
| Dec 2022 | Market trade | ₹31.6 Lakh | Seller: Pranesh Dealmark Private Limited |
To see the full deal history of Canopy Finance Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Canopy Finance Limited has 3 court cases on record: 3 filed by Canopy Finance. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, West Bengal | Writ petition | Filed by the company against Union of India and Ors | Pending |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Canopy 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 Canopy Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Canopy Finance has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Canopy Finance Limited, buy the company report.
Recent activity
Canopy Finance Limited has 28 board changes on record since 2000: 17 appointments and 11 cessations. The latest: Anita Kejriwal was appointed as Company Secretary on 29 Jul 2023.
19 earlier events are in the company report.
Frequently asked questions
Canopy Finance has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Canopy Finance was a public limited company based in Mumbai, Maharashtra, India. The company worked in nbfc, within the financial services industry. It was incorporated on 26 June 1981 and is registered under CIN L65910MH1981PLC380399. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Canopy Finance was incorporated on 26 June 1981. It is registered with the Registrar of Companies, Mumbai.
Canopy Finance had 6 directors and KMP:
- Lalit Kumar Tapadia - Managing Director
- Manisha Agarwal - Director
- Suresh Salian - Director
- Varun Newatia - Director
- Aneish Kumaran Kumar - Director
- Anita Kejriwal - Company Secretary
The CIN (Corporate Identification Number) of Canopy Finance is L65910MH1981PLC380399. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Canopy Finance is recorded as a listed company by MCA, but its shares were delisted from BSE on 28 Mar 2024 · merger, and no longer trade on a stock exchange.
The registered office of Canopy Finance is at 2nd Floor Satvant Villa, Aarey Road Bhd Delux Zerox, Mumbai, Maharashtra, India – 400104.
Canopy Finance can be reached through the website canopyfinance.org. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Canopy Finance on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 14 July 2023. Year-wise statements from 2015 are in the company report.
No. Canopy Finance has 1 GST registration on record and it is cancelled or inactive.
Canopy Finance operated in the financial services industry, in the nbfc segment.