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
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 Name | Status |
|---|---|
| HSBC Consultancy Services (India) Limited | Current |
| Dbs Cholamandalam Asset Management Limited | Previous |
| Cholamandalam Cazenove Amc Limited | Previous |
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.
| CIN | Status |
|---|---|
| U65991MH1996PLC229572 | Current |
| U65991TN1996PLC035321 | Previous |
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 Address9th – 11th Floors Nesco IT Park Building No.3 Western Express Highway Goregaon (East), Mumbai, Maharashtra, India – 400063
- IndustryFinancial Services, Asset Management Firms, Portfolio Management Services
To see the full contact details of HSBC Consultancy Services (India) 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 HSBC Consultancy Services (India) is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund 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 availableHSBC Consultancy Services (India) Limited reported revenue of ₹393.1 Cr (up 13% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 64.6% | ||||
| Net Profit Margin | 38.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Denny Thomas | Additional Director | 25 Nov 2022 | 3 Years 11 Months | As last reported |
| Payal Rajesh Advani | Additional Director | 07 Sep 2023 | 3 Years 2 Months | As last reported |
| Kailash Vasudeo Kulkarni | Additional Director | 25 Nov 2022 | 3 Years 11 Months | As last reported |
Auditor
HSBC Consultancy Services (India) Limited is audited by B. K. Khare & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. K. Khare & Co. | FY 2022 | 105102W |
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 category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 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.
Deals on record (5 of 34)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Acquisition | ₹3,204.5 Cr | Buyer: HSBC Asset Management (India) Private Limited |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: L&T Finance Limited Seller: Cholamandalam Investment and Finance Company Limited |
| Nov 2009 | Funding round | ₹3 Cr | Investors: Cholamandalam Investment and Finance Company Limited |
| Aug 2009 | Funding round | ₹5 Cr | Investors: Cholamandalam Investment and Finance Company Limited |
| Jun 2009 | Funding round | ₹5 Cr | Investors: 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.
Legal cases
No court or tribunal cases involving HSBC Consultancy Services (India) Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
HSBC Consultancy Services (India) Limited was last rated by Care on 15 Apr 2016.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 15 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.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCC5819R1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 03AABCC5819R1ZD | Punjab | Active | 01 Jul 2017 |
| 04AABCC5819R1ZB | Chandigarh | Active | 01 Jul 2017 |
| 05AABCC5819R1Z9 | Uttarakhand | Active | 01 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.
21 earlier events are in the company report.
News
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:
- Denny Thomas - Additional Director
- Payal Rajesh Advani - Additional Director
- Kailash Vasudeo Kulkarni - Additional Director
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.
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