HSBC Consultancy Services (India) Limited

HSBC Consultancy Services (India) Limited - financial services in Mumbai, Maharashtra, India. Directors, charges & compliance details.
CIN U65991MH1996PLC229572 Incorporated 25 April 1996 ROC Mumbai HQ Mumbai, Maharashtra, India
Merged Public Limited Company financial services
Revenue · FY 2022
₹393.1 Cr
▲ 13% YoY
Net profit · FY 2022
₹151.38 Cr
Net margin 38.5%
EBITDA · FY 2022
₹253.89 Cr
EBITDA margin 64.6%
Authorised capital
₹1,454.26 Cr
Registered with MCA
Paid-up capital
₹220.62 Cr
Issued & subscribed
Company age
30 yrs
Est. 1996
Employees · EPFO
332
Provident fund records
Directors on board
3
As per MCA filings

About HSBC Consultancy Services (India) Limited

Data last updated:

HSBC Consultancy Services (India) Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of L&T Finance Holdings Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the asset management firms segment of the financial services sector. It was incorporated on 25 April 1996.

The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U65991MH1996PLC229572. Its GSTIN is 27AABCC5819R1Z3 (Maharashtra). The company held 21 GST registrations, of which 20 are active.

The company had an authorised share capital of ₹1,454.26 Cr and a paid-up capital of ₹220.62 Cr. It was formerly known as Dbs Cholamandalam Asset Management Limited and Cholamandalam Cazenove Amc Limited. It was led by directors including Denny Thomas and Payal Rajesh Advani.

Its last annual general meeting (AGM) was held on 11 July 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 9th – 11th Floors Nesco IT Park Building No.3 Western Express Highway Goregaon (East), Mumbai, Maharashtra, India – 400063.

As per the financials filed for FY 2022, the company reported a revenue of ₹393.1 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹151.38 Cr (net margin 38.5%) and EBITDA of ₹253.89 Cr (EBITDA margin 64.6%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 2% over five years.

The company had about 332 employees on its provident fund (EPFO) records before it was dissolved.

The company has 34 deals on record (14 funding rounds, 12 rights issues, 7 secondary share transfers), with disclosed funding of ₹778.2 Cr; the latest was in December 2021.

The last known website on record is ltfs.com.

Company details

CIN U65991MH1996PLC229572
Registration Number 229572
Incorporation Date 25 April 1996
ROC Mumbai
Listing Status Unlisted
Company Status Amalgamated
Parent Company L&T Finance Holdings Limited
Compliance Status Active Compliant

Name history

HSBC Consultancy Services (India) has undergone 2 name changes throughout its history. The company was previously known as Dbs Cholamandalam Asset Management Limited, and Cholamandalam Cazenove Amc Limited. The current legal name is Hsbc Consultancy Services (India) Limited.

Company NameStatus
HSBC Consultancy Services (India) LimitedCurrent
Dbs Cholamandalam Asset Management LimitedPrevious
Cholamandalam Cazenove Amc LimitedPrevious

CIN history

HSBC Consultancy Services (India) has one previous CIN (Corporate Identification Number): U65991TN1996PLC035321. The current CIN is U65991MH1996PLC229572, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U65991MH1996PLC229572Current
U65991TN1996PLC035321Previous

Contact details

HSBC Consultancy Services (India) Limited's registered office is in Mumbai, Maharashtra. Its website is ltfs.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
  • Social Media
  • Registered Address
    9th – 11th Floors Nesco IT Park Building No.3 Western Express Highway Goregaon (East), Mumbai, Maharashtra, India – 400063
  • Industry
    Financial Services, Asset Management Firms, Portfolio Management Services

To see the full contact details of HSBC Consultancy Services (India) Limited, buy the company report.

Comprehensive company report
HSBC Consultancy Services (India) Limited - one report that includes everything
  • 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

The main business activity of HSBC Consultancy Services (India) is financial and insurance service. In detail, this covers fund management services.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK6Fund Management Services

To see the full business activity and turnover split of HSBC Consultancy Services (India) Limited, buy the company report.

Financials of HSBC Consultancy Services (India) Limited

FY 2022 filings available

HSBC Consultancy Services (India) Limited reported revenue of ₹393.1 Cr (up 13% YoY) for FY 2022.

Revenue · FY 2022
₹393.1 Cr ▲ 13%
Net profit · FY 2022
₹151.38 Cr margin 38.5%
EBITDA · FY 2022
₹253.89 Cr margin 64.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▼ 15%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 22%
5 years · compounded
▲ 41%

Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 13% growth in the latest year. EBITDA rose 8% 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

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹393.1 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹253.89 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹151.38 Cr
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

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
EBITDA Margin64.6%
Net Profit Margin38.5%
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 HSBC Consultancy Services (India) Limited, buy the company report.

Board of directors of HSBC Consultancy Services (India) Limited

HSBC Consultancy Services (India) has 3 current directors and 39 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Denny ThomasAdditional Director25 Nov 20223 Years 11 MonthsAs last reported
Payal Rajesh AdvaniAdditional Director07 Sep 20233 Years 2 MonthsAs last reported
Kailash Vasudeo KulkarniAdditional Director25 Nov 20223 Years 11 MonthsAs last reported

Auditor

HSBC Consultancy Services (India) Limited is audited by B. K. Khare & Co. for the financial year 2022.

Auditor firmFinancial yearFirm registration number
B. K. Khare & Co.FY 2022105102W

Shareholding

The shareholding of HSBC Consultancy Services (India) Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of HSBC Consultancy Services (India) Limited, buy the company report.

Deals & funding

HSBC Consultancy Services (India) Limited has 34 deals on record (14 funding rounds, 12 rights issues, 7 secondary share transfers), with disclosed funding of ₹778.2 Cr; the latest was in December 2021.

Total deals
34
Funding rounds
14
Rights issues
12
Secondary share transfers
7
Acquisition
1
Disclosed funding
₹778.2 Cr

Deals on record (5 of 34)

WhenDealAmountParties
Dec 2021Acquisition₹3,204.5 CrBuyer: HSBC Asset Management (India) Private Limited
Sep 2010Secondary share transferUndisclosedBuyer: L&T Finance Limited
Seller: Cholamandalam Investment and Finance Company Limited
Nov 2009Funding round₹3 CrInvestors: Cholamandalam Investment and Finance Company Limited
Aug 2009Funding round₹5 CrInvestors: Cholamandalam Investment and Finance Company Limited
Jun 2009Funding round₹5 CrInvestors: Cholamandalam Investment and Finance Company Limited

To see the full deal history of HSBC Consultancy Services (India) Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

HSBC Consultancy Services (India) Limited was last rated by Care on 15 Apr 2016.

Rating agencyRated onRating
Care15 Apr 2016

To see the full credit ratings and regulatory alerts of HSBC Consultancy Services (India) Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for HSBC Consultancy Services (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

HSBC Consultancy Services (India) has 21 GST registrations: 20 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
21
Active
20
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AABCC5819R1Z3MaharashtraActive01 Jul 2017
03AABCC5819R1ZDPunjabActive01 Jul 2017
04AABCC5819R1ZBChandigarhActive01 Jul 2017
05AABCC5819R1Z9UttarakhandActive01 Jul 2017

To see the full GST registrations and return filing status of HSBC Consultancy Services (India) Limited, buy the company report.

Recent activity

HSBC Consultancy Services (India) Limited has 30 board changes on record since 2007: 3 appointments and 27 cessations. The latest: Arun Mahendra Jain ceased to be Additional Director on 12 Sep 2023.

Ceased
Arun Mahendra Jain ceased to be Additional Director.
Appointed
Payal Rajesh Advani was appointed as Additional Director.
Ceased
Ravindran Menon ceased to be Additional Director.
Appointed
Denny Thomas was appointed as Additional Director.
Appointed
Kailash Vasudeo Kulkarni was appointed as Additional Director.
Ceased
Kailash Vasudeo Kulkarni ceased to be Ceo(Kmp).
Ceased
Vishwanathan Mavila Nair ceased to be Director.
AGM
Hsbc Consultancy Services (India) Limited last Annual general meeting of members was held on 11 Jul 2022 as per latest MCA records.
Filing
Hsbc Consultancy Services (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Mumbai.
Ceased
Manish Bachubhai Jethwa ceased to be Cfo(Kmp).
Ceased
Ashish Jain ceased to be Cfo(Kmp).
Ceased
Anisha Motwani ceased to be Additional Director.

21 earlier events are in the company report.

Frequently asked questions

HSBC Consultancy Services (India) 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.

HSBC Consultancy Services (India) was a public limited company based in Mumbai, Maharashtra, India. The company worked in asset management firms, within the financial services industry. It was incorporated on 25 April 1996 and is registered under CIN U65991MH1996PLC229572. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

HSBC Consultancy Services (India) was incorporated on 25 April 1996. It is registered with the Registrar of Companies, Mumbai.

HSBC Consultancy Services (India) had 3 directors:

The CIN (Corporate Identification Number) of HSBC Consultancy Services (India) is U65991MH1996PLC229572. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

The registered office of HSBC Consultancy Services (India) is at 9th – 11th Floors Nesco IT Park Building No.3 Western Express Highway Goregaon East, Mumbai, Maharashtra, India – 400063.

HSBC Consultancy Services (India) can be reached through the website ltfs.com. Its registered office is in Mumbai, Maharashtra, India.

The latest financial statements of HSBC Consultancy Services (India) on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 11 July 2022. Year-wise statements from 2015 are in the company report.

The GSTIN of HSBC Consultancy Services (India) is 27AABCC5819R1Z3, registered in Maharashtra. The company has 21 GST registrations in all, of which 20 are active and 1 is cancelled or inactive. Other active GSTINs include 03AABCC5819R1ZD (Punjab), 04AABCC5819R1ZB (Chandigarh), 05AABCC5819R1Z9 (Uttarakhand).

HSBC Consultancy Services (India) operated in the financial services industry, in the asset management firms segment.