Excel Financial Services Private Limited
About Excel Financial Services Private Limited
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Excel Financial Services Private Limited is a private limited company based in Ranchi, Jharkhand, India. It operates in the advisory services segment of the financial services sector. It was incorporated on 07 February 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Ranchi, under CIN U00804JH1997PTC007716.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Manish Khatore (Managing Director) and Madhuri Khatore.
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 F – 84 Sainik Market Main Road, Ranchi, Jharkhand, India – 834001.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.54 Lakh, a growth of 49% compared to the previous year. For the same year it recorded a net loss of ₹77,815 (net margin -10.3%) and EBITDA of -₹70,666 (EBITDA margin -9.4%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 7% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Excel Financial Services Private Limited's registered office is in Ranchi, Jharkhand. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressF – 84 Sainik Market Main Road, Ranchi, Jharkhand, India – 834001
- IndustryFinancial Services, Advisory, Consultancy, Financial Brokerage
To see the full contact details of Excel Financial Services Private 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 Excel 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 Excel Financial Services Private Limited, buy the company report.
Financials of Excel Financial Services Private Limited
FY 2025 filings availableExcel Financial Services Private Limited reported revenue of ₹7.54 Lakh (up 49% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 49% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 79% 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 | -₹70,666 | ||||
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| Net Profit (PAT) | -₹77,815 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -9.4% | ||||
| Net Profit Margin | -10.3% | ||||
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To see the full financial statements and ratios of Excel Financial Services Private Limited, buy the company report.
Board of directors of Excel Financial Services Private Limited
Excel Financial Services has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Khatore | Managing Director | 07 Feb 1997 | 29 Years 8 Months | Current |
| Madhuri Khatore | Director | 24 May 2021 | 5 Years 4 Months | Current |
Peer comparison
Excel Financial Services Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Phoenix Finacc Solutions Private Limited | ₹7.56 Lakh (FY 2024) | 13.0% | Palakkad, Kerala, India | |||
| Swamin Consultancy Services Private Limited | ₹7.55 Lakh (FY 2016) | -37.0% | Vadodara, Gujarat, India | |||
| Niram Intouch Private Limited | ₹7.55 Lakh (FY 2020) | Puducherry, India | ||||
| Artis Financial Expertise Private Limited | ₹7.55 Lakh (FY 2024) | -49.0% | Thiruvananthapuram, Kerala, India | |||
| BMR Square Private Limited | ₹7.55 Lakh (FY 2024) | 36424.0% | Rajkot, Gujarat, India | |||
| Excel Financial Services Private Limitedthis company | ₹7.54 Lakh (FY 2024) | -₹77,815 | -10.3% | 49.0% | Ranchi, Jharkhand, India | |
| Arthkshitij Finsales Private Limited | ₹7.53 Lakh (FY 2025) | -70.0% | Ahmedabad, Gujarat, India | |||
| Golcha Securities Private Limited | ₹7.53 Lakh (FY 2024) | 40.0% | Jaipur, Rajasthan, India | |||
| Qovar Advisors Private Limited | ₹7.52 Lakh (FY 2024) | -22.0% | Bangalore, Karnataka, India | |||
| Star Financial Consultants Private Limited | ₹7.52 Lakh (FY 2025) | 98.0% | Ludhiana, Punjab, India | |||
| Karyam Financial Services Private Limited | ₹7.51 Lakh (FY 2024) | -17.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Excel Financial Services Private Limited, buy the company report.
Auditor
Excel Financial Services Private Limited is audited by R.KAUSHAL & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.KAUSHAL & ASSOCIATES | FY 2017 | 005791C |
Shareholding
The shareholding of Excel Financial Services Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Excel Financial Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Excel Financial Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Excel Financial Services Private 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 Excel Financial Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Excel Financial Services Private Limited has 3 board changes on record since 1997: 2 appointments and 1 cessation. The latest: Jagdish Prasad Khatore ceased to be Director on 24 May 2021.
Frequently asked questions
Excel Financial Services is an active private limited company based in Ranchi, Jharkhand, India. The company works in advisory, within the financial services industry. It was incorporated on 07 February 1997 (29+ years old) and is registered under CIN U00804JH1997PTC007716.
Excel Financial Services has 2 current directors:
- Manish Khatore - Managing Director
- Madhuri Khatore - Director
The latest financial statements of Excel Financial Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Excel Financial Services is U00804JH1997PTC007716. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Excel Financial Services was incorporated on 07 February 1997, making it 29+ years old. It is registered with the Registrar of Companies, Ranchi.
The peers of Excel Financial Services by revenue are Phoenix Finacc Solutions Private Limited, Swamin Consultancy Services Private Limited, Niram Intouch Private Limited, Artis Financial Expertise Private Limited, BMR Square Private Limited and 5 more, all in the same principal business activity (financial advisory, brokerage and consultancy services).
Jagdish Prasad Khatore ceased to be Director on 24 May 2021. Madhuri Khatore was appointed as Director on 24 May 2021. Manish Khatore was appointed as Managing Director on 07 Feb 1997.
The registered office of Excel Financial Services is at F – 84 Sainik Market Main Road, Ranchi, Jharkhand, India – 834001.
Excel Financial Services operates in the financial services industry, in the advisory segment.
The compliance status of Excel Financial Services is compliant as of 24 September 2026. The company is actively filing with the Registrar of Companies.
Excel Financial Services can be reached at its registered office: F – 84 Sainik Market Main Road, Ranchi, Jharkhand, India – 834001.