Finsol Business Development Private Limited
About Finsol Business Development Private Limited
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Finsol Business Development Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 19 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2012PTC086845.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Srikanth Lakshmi and Raghunathan Ramarao.
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 Newno.54 A – 2 Kousthubhamseethammaroad Alwarpet, Chennai, Tamil Nadu, India – 600018.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.77 Lakh, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹11,325 (net margin 1.7%) and EBITDA of ₹15,667 (EBITDA margin 2.3%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 6% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNewno.54 A – 2 Kousthubhamseethammaroad Alwarpet, Chennai, Tamil Nadu, India – 600018
- IndustryFinancial Services, Diversified Financial Services
- 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
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Business Activity of Finsol Business Development Private Limited
The main business activity of Finsol Business Development is professional, scientific and technical. In detail, this covers accounting, book keeping and auditing activities, tax consultancy.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy | 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 Finsol Business Development Private Limited FY 2025 filings available
Finsol Business Development Private Limited reported revenue of ₹6.77 Lakh (up 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Finsol Business Development Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 15% growth in the latest year. EBITDA rose 4% 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 Finsol Business Development Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹15,667 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11,325 | •••• | •••• | •••• | •••• |
| 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 Finsol Business Development Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.7% | •••• | •••• | •••• | •••• |
| 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 Finsol Business Development 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 Finsol Business Development Private Limited
Finsol Business Development has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srikanth Lakshmi | Director | 19 Jul 2012 | 14 Years 3 Months | Current |
| Raghunathan Ramarao Also directs: Ta Autotec Information Systems India Private Limited | Director | 19 Jul 2012 | 14 Years 3 Months | Current |
Peer Comparison of Finsol Business Development Private Limited
Finsol Business Development Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial 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 |
|---|---|---|---|---|---|---|
| Vartex Image Creations Private Limited | ₹6.78 Lakh (FY 2025) | •••• | •••• | 2.0% | •••• | New Delhi, Delhi, India |
| Ganpati Ashiana Pvt Ltd | ₹6.78 Lakh (FY 2025) | •••• | •••• | -2.0% | •••• | Kolkata, West Bengal, India |
| Magadh Mutual Benefit Nidhi Limited | ₹6.77 Lakh (FY 2021) | •••• | •••• | 1154.0% | •••• | Jehanabad, Bihar, India |
| Trident Tradevest Private Limited | ₹6.77 Lakh (FY 2025) | •••• | •••• | 1405.0% | •••• | Mumbai, Maharashtra, India |
| Acru Finserv Private Limited | ₹6.77 Lakh (FY 2024) | •••• | •••• | -55.0% | •••• | Bangalore, Karnataka, India |
| Finsol Business Development Private Limited this company | ₹6.77 Lakh (FY 2024) | •••• | •••• | 15.0% | •••• | Chennai, Tamil Nadu, India |
| Mitter Finance Company Limited | ₹6.77 Lakh (FY 2017) | •••• | •••• | -27.0% | •••• | Ludhiana, Punjab, India |
| Barak Valley Alloys Pvt Ltd | ₹6.76 Lakh (FY 2024) | •••• | •••• | 21.0% | •••• | Guwahati, Assam, India |
| Chiropolis Property Private Limited | ₹6.76 Lakh (FY 2025) | •••• | •••• | -7.0% | •••• | Kolkata, West Bengal, India |
| Fin Lit Project Services Private Limited | ₹6.76 Lakh (FY 2025) | •••• | •••• | -83.0% | •••• | Lucknow, Uttar Pradesh, India |
| Swati Viniyog Pvt. Ltd. | ₹6.76 Lakh (FY 2024) | •••• | •••• | 2.0% | •••• | Clive Row Calcutta-1, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Finsol Business Development by revenue in the BFSI industry (Other Financial 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 Finsol Business Development Private Limited
Finsol Business Development Private Limited is audited by N D RAJAGOPAL & CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N D RAJAGOPAL & CO | 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 Finsol Business Development 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 Finsol Business Development Private Limited
Finsol Business Development Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Finsol Business Development Private Limited
Employment history and EPFO contributions of people linked to Finsol Business Development.
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 Finsol Business Development Private Limited
Finsol Business Development Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Raghunathan Ramarao was appointed as Director on 19 Jul 2012.
Credit Ratings, Litigation & Regulatory Alerts for Finsol Business Development 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 Finsol Business Development 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 Finsol Business Development 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 Finsol Business Development Private Limited
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 Finsol Business Development 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.
Frequently Asked Questions about Finsol Business Development Private Limited
Finsol Business Development is an active private limited company based in Chennai, Tamil Nadu, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 19 July 2012 (14+ years old) and is registered under CIN U74900TN2012PTC086845.
Finsol Business Development reported revenue of ₹6.77 Lakh for FY 2024 (up 15% YoY).
Finsol Business Development has 2 current directors:
- Srikanth Lakshmi - Director
- Raghunathan Ramarao - Director
Finsol Business Development reported a net profit of ₹11,325 (net margin 1.7%) and EBITDA of ₹15,667 (EBITDA margin 2.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Finsol Business Development is 9% over three years and 6% over five years. In the latest year (FY 2024) revenue rose 15%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Finsol Business Development is U74900TN2012PTC086845. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finsol Business Development was incorporated on 19 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Finsol Business Development by revenue are Vartex Image Creations Private Limited, Ganpati Ashiana Pvt Ltd, Magadh Mutual Benefit Nidhi Limited, Trident Tradevest Private Limited, Acru Finserv Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Raghunathan Ramarao was appointed as Director on 19 Jul 2012. Srikanth Lakshmi was appointed as Director on 19 Jul 2012.
The registered office of Finsol Business Development is at Newno.54 A – 2 Kousthubhamseethammaroad Alwarpet, Chennai, Tamil Nadu, India – 600018.
Finsol Business Development has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.