About Ethikos Financial Services Private Limited
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Ethikos Financial Services Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 21 September 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U67190MP2005PTC017973. Its GSTIN is 23AABCE6345G1ZX (Madhya Pradesh).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Dipti Jhavar and Kailash Chandra Jhavar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3 Royal Residency Pipliyahana, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.67 Lakh, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹3,400 (net margin 0.2%) and EBITDA of ₹1.41 Lakh (EBITDA margin 9.6%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 24% over five years.
The company is associated with 1 brand: Ethikos Financial Services.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ethikosfin.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address3 Royal Residency Pipliyahana, Indore, Madhya Pradesh, India – 452001
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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
- One PDF report, delivered after checkout
Associated Brands with Ethikos Financial Services Private Limited
Ethikos Financial Services operates one associated brand: Ethikos Financial Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| It produces high-quality products of precision auto parts. | ethikosfin.com |
Business Activity of Ethikos Financial Services Private Limited
The main business activity of Ethikos Financial Services is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ethikos Financial Services Private Limited FY 2025 filings available
Ethikos Financial Services Private Limited reported revenue of ₹14.67 Lakh (down 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ethikos Financial Services Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 24% fall in the latest year. EBITDA fell 20% 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 of Ethikos Financial Services Private Limited
| 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 | ₹1.41 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3,400 | •••• | •••• | •••• | •••• |
| 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 of Ethikos Financial Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ethikos Financial Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Ethikos Financial Services Private Limited
Ethikos Financial Services has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dipti Jhavar Also directs: Advancea Advisors Private Limited | Director | 21 Sep 2005 | 21 Years 0 Months | Current |
| Kailash Chandra Jhavar | Director | 21 Sep 2005 | 21 Years 0 Months | Current |
Peer Comparison of Ethikos Financial Services Private Limited
Ethikos Financial Services Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Learners & Winners Training & Consultancy Private Limited | ₹14.71 Lakh (FY 2025) | •••• | •••• | -41.0% | •••• | Navi Mumbai, Maharashtra, India |
| Trivarga Technologies Private Limited | ₹14.71 Lakh (FY 2024) | •••• | •••• | -6.0% | •••• | Bangalore, Karnataka, India |
| Chadabhoy and Jassoobhoy Consultants Private Limited | ₹14.71 Lakh (FY 2025) | •••• | •••• | 3.0% | •••• | Ahmedabad, Gujarat, India |
| Compliance Buddy Consultants Private Limited | ₹14.7 Lakh (FY 2025) | •••• | •••• | 29.0% | •••• | Noida, Uttar Pradesh, India |
| Harikripa Management Consultants Private Limited | ₹14.69 Lakh (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Ethikos Financial Services Private Limited this company | ₹14.67 Lakh (FY 2025) | •••• | •••• | -24.0% | •••• | Indore, Madhya Pradesh, India |
| Triva Consulting Services Private Limited | ₹14.66 Lakh (FY 2024) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Bagat Career Solutions International Private Limited | ₹14.65 Lakh (FY 2025) | •••• | •••• | 142.0% | •••• | Chennai, Tamil Nadu, India |
| Go Smart Compliance Services Private Limited | ₹14.65 Lakh (FY 2024) | •••• | •••• | 80.0% | •••• | Hyderabad, Telangana, India |
| Ka Consultants and Management Advisory Services Private Limited | ₹14.64 Lakh (FY 2022) | •••• | •••• | -61.0% | •••• | Chennai, Tamil Nadu, India |
| Nibs Management Private Limited | ₹14.64 Lakh (FY 2025) | •••• | •••• | -3.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Ethikos Financial Services by revenue in the Outsourcing industry (Consulting Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ethikos Financial Services Private Limited
Ethikos Financial Services Private Limited is audited by KAUSHAL & AGRAWAL for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KAUSHAL & AGRAWAL | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Ethikos Financial Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ethikos Financial Services Private Limited
Ethikos Financial Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ethikos Financial Services Private Limited
Employment history and EPFO contributions of people linked to Ethikos Financial Services.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ethikos Financial Services Private Limited
Ethikos Financial Services Private Limited has 4 board changes on record since 2005: 2 appointments and 2 cessations. The latest: Gagan Jhavar ceased to be Additional Director on 30 Sep 2016.
Credit Ratings, Litigation & Regulatory Alerts for Ethikos Financial Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ethikos Financial Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ethikos Financial Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ethikos Financial Services Private Limited
Ethikos Financial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCE6345G1ZX | Madhya Pradesh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ethikos Financial Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Ethikos Financial Services Private Limited
Frequently Asked Questions about Ethikos Financial Services Private Limited
Ethikos Financial Services is an active private limited company based in Indore, Madhya Pradesh, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 21 September 2005 (21+ years old) and is registered under CIN U67190MP2005PTC017973.
Ethikos Financial Services reported revenue of ₹14.67 Lakh for FY 2025 (down 24% YoY).
Ethikos Financial Services has 2 current directors:
- Dipti Jhavar - Director
- Kailash Chandra Jhavar - Director
Ethikos Financial Services reported a net profit of ₹3,400 (net margin 0.2%) and EBITDA of ₹1.41 Lakh (EBITDA margin 9.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ethikos Financial Services is -3% over three years and -24% over five years. In the latest year (FY 2025) revenue fell 24%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ethikos Financial Services is 23AABCE6345G1ZX, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Ethikos Financial Services is U67190MP2005PTC017973. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ethikos Financial Services was incorporated on 21 September 2005, making it 21+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Ethikos Financial Services by revenue are Learners & Winners Training & Consultancy Private Limited, Trivarga Technologies Private Limited, Chadabhoy and Jassoobhoy Consultants Private Limited, Compliance Buddy Consultants Private Limited, Harikripa Management Consultants Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Gagan Jhavar ceased to be Additional Director on 30 Sep 2016. Molika Garg ceased to be Director on 15 Jul 2009. Dipti Jhavar was appointed as Director on 21 Sep 2005. Ethikos Financial Services has 4 board changes on record in total.
Ethikos Financial Services can be reached through the website ethikosfin.com. Its registered office is in Indore, Madhya Pradesh, India.