About Iiml Asset Advisors Limited
Data last updated:
Iiml Asset Advisors Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Il & Fs Investment Managers 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 diversified financial services segment of the financial services sector. It was incorporated on 28 December 2005.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH2005PLC158416. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹7.2 Cr and a paid-up capital of ₹6.41 Cr. It was formerly known as Saffron Asset Advisors Private Limited and Iiml Asset Advisors Private Limited. It was led by directors including Kamalesh Sarangi and Manoj Yeshwant Borkar.
Its last annual general meeting (AGM) was held on 27 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at The Il&Fs Financial Centre Plot No C – 22 G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2023, the company reported a revenue of ₹57.47 Lakh, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹51.57 Lakh (net margin 89.7%) and EBITDA of ₹55.35 Lakh (EBITDA margin 96.3%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 37% over five years.
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending. The company has 8 deals on record (4 funding rounds, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹10.2 Cr; the latest was in July 2016. The company has 2 MSME Form 1 returns on record between 2020 and 2021, listing 3 overdue payments to 1 micro and small supplier.
The last known website on record is iimlindia.com.
Company details
Name history
Iiml Asset Advisors has undergone 2 name changes throughout its history. The company was previously known as Saffron Asset Advisors Private Limited, and Iiml Asset Advisors Private Limited. The current legal name is Iiml Asset Advisors Limited.
| Company Name | Status |
|---|---|
| Iiml Asset Advisors Limited | Current |
| Saffron Asset Advisors Private Limited | Previous |
| Iiml Asset Advisors Private Limited | Previous |
CIN history
Iiml Asset Advisors has one previous CIN (Corporate Identification Number): U74140MH2005PTC158416. The current CIN is U74140MH2005PLC158416, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140MH2005PLC158416 | Current |
| U74140MH2005PTC158416 | Previous |
Contact details
Iiml Asset Advisors Limited's registered office is in Mumbai, Maharashtra. Its website is iimlindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressThe Il&Fs Financial Centre Plot No C – 22 G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Iiml Asset Advisors 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 Iiml Asset Advisors 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 |
Financials of Iiml Asset Advisors Limited
FY 2023 filings availableIiml Asset Advisors Limited reported revenue of ₹57.47 Lakh (down 23% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 23% fall in the latest year. EBITDA fell 19% 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 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹57.47 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹55.35 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹51.57 Lakh | ||||
| 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 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 96.3% | ||||
| Net Profit Margin | 89.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Iiml Asset Advisors Limited, buy the company report.
Board of directors of Iiml Asset Advisors Limited
Iiml Asset Advisors has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamalesh Sarangi | Director | 14 Apr 2020 | 6 Years 7 Months | As last reported |
| Manoj Yeshwant Borkar Also directs: Core Advisory and Accounting Private Limited | Director | 27 Apr 2018 | 8 Years 6 Months | As last reported |
| Sanjay Mitra | Director | 04 Jun 2018 | 8 Years 5 Months | As last reported |
Auditor
Iiml Asset Advisors Limited is audited by KKC & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KKC & Associates LLP | FY 2023 | 105146W / W100621 |
Shareholding
The shareholding of Iiml Asset Advisors Limited is on record for 5 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 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Iiml Asset Advisors Limited, buy the company report.
Deals & funding
Iiml Asset Advisors Limited has 8 deals on record (4 funding rounds, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹10.2 Cr; the latest was in July 2016.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2016 | Funding round | ₹3.8 Cr | Investors: IL&FS Investment Managers |
| Dec 2011 | Secondary share transfer | Undisclosed | Buyer: IL&FS Investment Managers Seller: Saffron Capital Advisors Private Limited |
| Dec 2010 | Acquisition | ₹2.54 Cr | Buyer: IL&FS Investment Managers Seller: Saffron Capital Securities Limited, Saffron Capital Securities Limited & Ajoy Veer kapoor |
| Jul 2010 | Funding round | ₹2.16 Cr | Investors: Saffron Capital Advisors Private Limited |
| Jul 2010 | Secondary share transfer | Undisclosed | Seller: Saffron Capital Securities Limited |
To see the full deal history of Iiml Asset Advisors 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
Iiml Asset Advisors Limited has 4 court cases on record: 2 filed by Iiml Asset Advisors, 2 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 1 |
| NCLT | 2 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by The Commissioner of Income Tax - 7 | Pending |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| Bombay High Court | Company petition | Filed against the company by P S L Leasing Corporation | Disposed |
To see the full case history of Iiml Asset Advisors Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Iiml Asset Advisors Limited has 2 MSME Form 1 returns on record between 2020 and 2021, listing 3 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| KKC & Associates LLP |
To see the full MSME payment records of Iiml Asset Advisors Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Iiml Asset Advisors Limited has a workforce of 1 employees on its EPFO records as of Mar 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2018-19 | 1 |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Iiml Asset Advisors Limited, buy the company report.
GST
Iiml Asset Advisors has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Iiml Asset Advisors Limited, buy the company report.
Recent activity
Iiml Asset Advisors Limited has 16 board changes on record since 2010: 3 appointments and 13 cessations. The latest: Kamalesh Sarangi ceased to be Additional Director on 03 Sep 2020.
7 earlier events are in the company report.
Frequently asked questions
Iiml Asset Advisors 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.
Iiml Asset Advisors was a public limited company based in Mumbai, Maharashtra, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 28 December 2005 and is registered under CIN U74140MH2005PLC158416. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Iiml Asset Advisors was incorporated on 28 December 2005. It is registered with the Registrar of Companies, Mumbai.
Iiml Asset Advisors had 3 directors:
- Kamalesh Sarangi - Director
- Manoj Yeshwant Borkar - Director
- Sanjay Mitra - Director
The CIN (Corporate Identification Number) of Iiml Asset Advisors is U74140MH2005PLC158416. 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 Iiml Asset Advisors is at The Il&Fs Financial Centre Plot No C – 22 G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
Iiml Asset Advisors can be reached through the website iimlindia.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Iiml Asset Advisors on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 27 July 2023. Year-wise statements from 2015 are in the company report.
No. Iiml Asset Advisors has 1 GST registration on record and it is cancelled or inactive.
Iiml Asset Advisors operated in the financial services industry, in the diversified financial services segment.
Iiml Asset Advisors has 8 deals on record (4 funding rounds, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹10.2 Cr; the latest was in July 2016.
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