Finaltus Financial Solutions Private Limited
About Finaltus Financial Solutions Private Limited
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Finaltus Financial Solutions Private Limited is a private limited company based in Thane, Maharashtra, India. The company is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the company may be struck off soon. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 20 June 2019.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH2019PTC327020.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors including Ankit Varshney and Gopinath Ramankutty Nair.
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 is at Office 16 1st Floor Tropical Lagoon Tl 5 Kavesar G B Road Thane, Maharashtra, India – 400615.
As per the financials filed for FY 2023, the company reported a revenue of ₹83,495, a decline of 94% compared to the previous year. For the same year it recorded a net profit of ₹290 (net margin 0.3%) and EBITDA of -₹57,845 (EBITDA margin -69.3%). Revenue has declined at a compounded annual rate (CAGR) of 57% over three years.
Company details
Contact details
Finaltus Financial Solutions Private Limited's registered office is in Thane, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice 16 1st Floor Tropical Lagoon Tl 5 Kavesar G B Road Thane, Maharashtra, India – 400615
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Finaltus Financial Solutions 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
Financials of Finaltus Financial Solutions Private Limited
FY 2024 filings availableFinaltus Financial Solutions Private Limited reported revenue of ₹83,495 (down 94% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over three years, including a 94% fall 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹83,495 | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹57,845 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹290 | |||
| 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -69.3% | |||
| Net Profit Margin | 0.3% | |||
| 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 | ||||
To see the full financial statements and ratios of Finaltus Financial Solutions Private Limited, buy the company report.
Board of directors of Finaltus Financial Solutions Private Limited
Finaltus Financial Solutions has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Varshney | Director | 20 Jun 2019 | 7 Years 4 Months | Current |
| Gopinath Ramankutty Nair | Director | 20 Jun 2019 | 7 Years 4 Months | Current |
| Sanket Suresh Patil Also directs: Bioaltus Laboratories Private Limited | Director | 20 Jun 2019 | 7 Years 4 Months | Current |
Auditor
Finaltus Financial Solutions Private Limited is audited by K P A D & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K P A D & ASSOCIATES | FY 2023 | 014326C |
Shareholding
The shareholding of Finaltus Financial Solutions Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Finaltus Financial Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Finaltus Financial Solutions 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 Finaltus Financial Solutions 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 Finaltus Financial Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Finaltus Financial Solutions Private Limited has 3 board changes on record since 2019: 3 appointments. The latest: Ankit Varshney was appointed as Director on 20 Jun 2019.
Frequently asked questions
Finaltus Financial Solutions is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the company from the register, typically due to non-filing of statutory returns. This process is not yet final, but the company may be struck off soon. Caution is advised before entering into any agreements with this entity.
Finaltus Financial Solutions is a company pending strike off, currently registered as a private limited company based in Thane, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 20 June 2019 and is registered under CIN U67120MH2019PTC327020. The company may be struck off soon - caution is advised.
Finaltus Financial Solutions has 3 current directors:
- Ankit Varshney - Director
- Gopinath Ramankutty Nair - Director
- Sanket Suresh Patil - Director
The CIN (Corporate Identification Number) of Finaltus Financial Solutions is U67120MH2019PTC327020. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finaltus Financial Solutions was incorporated on 20 June 2019. It is registered with the Registrar of Companies, Mumbai.
The registered office of Finaltus Financial Solutions is at Office 16 1st Floor Tropical Lagoon Tl 5 Kavesar G B Road Thane, Maharashtra, India – 400615.
The latest financial statements of Finaltus Financial Solutions 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 FY 2020 are in the company report.
Finaltus Financial Solutions operates in the financial services industry, in the diversified financial services segment.
Ankit Varshney was appointed as Director on 20 Jun 2019. Gopinath Ramankutty Nair was appointed as Director on 20 Jun 2019. Sanket Suresh Patil was appointed as Director on 20 Jun 2019.
Finaltus Financial Solutions can be reached at its registered office: Office 16 1st Floor Tropical Lagoon Tl 5 Kavesar G B Road Thane, Maharashtra, India – 400615.