About Komaf Financial Services Private Limited
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Komaf Financial Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Cumulus Trading Company Private Limited. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 08 December 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65910MH1987PTC045544. Its GSTIN is 27AAACK5919K1Z9 (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.42 Cr. It was formerly known as Komaf Financial Services Limited and Komaf Enterprise Limited. It is led by directors including Rajesh Harkishandas Doshi and Indira Suresh Kotak.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 240 Navsari Bldg1St Floor D N Road, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹26.14 Cr, a decline of 59% compared to the previous year. For the same year it recorded a net profit of ₹86.11 Cr (net margin 329.5%) and EBITDA of ₹86.59 Cr (EBITDA margin 331.3%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 16% over five years.
The company has about 13 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Komaf. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it. The company has 20 deals on record (15 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹11.66 Cr; the latest was in March 2024. Its 5 peer companies in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 2 smaller; the largest is Tara Pur Properties & Finance Private Limited with revenue of ₹26.58 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 11 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website komaf.in.
Company details
Name history
Komaf Financial Services has undergone 2 name changes throughout its history. The company was previously known as Komaf Financial Services Limited, and Komaf Enterprise Limited. The current legal name is Komaf Financial Services Private Limited.
| Company Name | Status |
|---|---|
| Komaf Financial Services Private Limited | Current |
| Komaf Financial Services Limited | Previous |
| Komaf Enterprise Limited | Previous |
CIN history
Komaf Financial Services has one previous CIN (Corporate Identification Number): U65910MH1987PLC045544. The current CIN is U65910MH1987PTC045544, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65910MH1987PTC045544 | Current |
| U65910MH1987PLC045544 | Previous |
Contact details
Komaf Financial Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is komaf.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address240 Navsari Bldg1St Floor D N Road, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Komaf Financial Services 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
Business activity
The main business activity of Komaf Financial Services is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Komaf Financial Services Private Limited, buy the company report.
Financials of Komaf Financial Services Private Limited
FY 2025 filings availableKomaf Financial Services Private Limited reported revenue of ₹26.14 Cr (down 59% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 59% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA fell 30% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹86.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹86.11 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 331.3% | ||||
| Net Profit Margin | 329.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Komaf Financial Services Private Limited, buy the company report.
Board of directors of Komaf Financial Services Private Limited
Komaf Financial Services has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Harkishandas Doshi Also directs: Kotak Chemicals Limited, Allied Auto Accessories Private Limited, Aero Agencies Private Limited and 4 more | Director | 17 Aug 1994 | 32 Years 2 Months | Current |
| Indira Suresh Kotak Also directs: Business Standard Online Private Limited, Palko Properties Private Limited, Puma Properties Private Limited and 4 more | Director | 22 Sep 2008 | 18 Years 1 Months | Current |
| Venkatasubramanian Radhakrishnan | Director | 07 May 2018 | 8 Years 5 Months | Current |
Peer comparison
Komaf Financial Services Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tara Pur Properties & Finance Private Limited | ₹26.58 Cr (FY 2025) | 102.0% | Kolkata, West Bengal, India | |||
| Yamnotri Vinimay Pvt Ltd | ₹26.36 Cr (FY 2025) | 379.0% | Kolkata, West Bengal, India | |||
| RCM Finance and Leasing Private Limited | ₹26.14 Cr (FY 2024) | -15.0% | New Delhi, Delhi, India | |||
| Komaf Financial Services Private Limitedthis company | ₹26.14 Cr (FY 2025) | ₹86.11 Cr | 329.5% | -59.0% | 13 | Mumbai, Maharashtra, India |
| Rashi Fincorp Limited | ₹26.06 Cr (FY 2025) | -48.0% | Mumbai, Maharashtra, India | |||
| Manoranjan Grah Limited | ₹26.01 Cr (FY 2025) | 23.0% | Aligarh, Uttar Pradesh, India |
To see the full peer comparison of Komaf Financial Services Private Limited, buy the company report.
Auditor
Komaf Financial Services Private Limited is audited by S.V. Shah & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.V. Shah & Associates | FY 2023 | 139517W |
Shareholding
The shareholding of Komaf Financial Services Private 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 Komaf Financial Services Private Limited, buy the company report.
Deals & funding
Komaf Financial Services Private Limited has 20 deals on record (15 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹11.66 Cr; the latest was in March 2024.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Rights issue | ₹14.94 Cr | Investors: Cumulus Trading Company Private Limited , 3 individuals |
| Oct 2018 | Rights issue | ₹12.96 Cr | Investors: Cumulus Trading Company Private Limited , 3 individuals |
| Jun 2017 | Rights issue | ₹8.18 Cr | Investors: Cumulus Trading Company Private Limited , Kotak and Company Private Limited , 2 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Terra Dekm India Private Limited , 3 individuals Seller: Terra Dekm India Private Limited , 3 individuals |
| Jan 2016 | Funding round | ₹7.91 Cr | Investors: Cumulus Trading Company Private Limited , 3 individuals |
To see the full deal history of Komaf Financial Services Private 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
Komaf Financial Services Private Limited has 4 court cases on record: 3 filed by Komaf Financial Services, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CRR) | Filed by the company against Western Paques (India) Ltd | Disposed |
| High Court, UTTARAKHAND | Appeal | Filed against the company by Bazpur Co-Operative Sugar Factory Ltd. | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Bazpur Coop.Sugar Factory Ltd. | Disposed |
| Bombay High Court | Court case (CHS) | Filed by the company against Bazpur Coop.Sugar Factory Ltd.Bazpur | Disposed |
To see the full case history of Komaf Financial Services Private 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
Komaf Financial Services Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 11 overdue payments to 3 micro and small suppliers. 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shreechakra Gourmet Services Private Limited | |||
| CDP (India) Private Limited | |||
| Logix Infosecurity Private Limited |
To see the full MSME payment records of Komaf Financial Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Komaf Financial Services has 1 subsidiary company and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Insurekot Sports Private Limited | U75144MH2001PTC131527 |
To see the full group structure of Komaf Financial Services Private Limited, buy the company report.
Employees & EPFO
Komaf Financial Services Private Limited has a workforce of 13 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Komaf Financial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK5919K1Z9 | Maharashtra | Active | 15 Oct 2018 |
To see the full GST registrations and return filing status of Komaf Financial Services Private Limited, buy the company report.
Recent activity
Komaf Financial Services Private Limited has 11 board changes on record since 1994: 7 appointments and 4 cessations. The latest: Ankita Nitish Mhatre ceased to be Company Secretary on 30 Nov 2018.
2 earlier events are in the company report.
Frequently asked questions
Komaf Financial Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 08 December 1987 (39+ years old) and is registered under CIN U65910MH1987PTC045544.
Komaf Financial Services has 3 current directors:
- Rajesh Harkishandas Doshi - Director
- Indira Suresh Kotak - Director
- Venkatasubramanian Radhakrishnan - Director
The latest financial statements of Komaf Financial Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Komaf Financial Services is 27AAACK5919K1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Komaf Financial Services is U65910MH1987PTC045544. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Komaf Financial Services has 4 court cases on record: 3 filed by the company and 1 filed against it.
Komaf Financial Services was incorporated on 08 December 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Komaf Financial Services has 20 deals on record (15 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹11.66 Cr; the latest was in March 2024.
The peers of Komaf Financial Services by revenue are Tara Pur Properties & Finance Private Limited, Yamnotri Vinimay Pvt Ltd, RCM Finance and Leasing Private Limited, Rashi Fincorp Limited, Manoranjan Grah Limited, all in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Ankita Nitish Mhatre ceased to be Company Secretary on 30 Nov 2018. Pallavi Uday Kotak ceased to be Director on 08 May 2018. Venkatasubramanian Radhakrishnan was appointed as Director on 07 May 2018. Komaf Financial Services has 11 board changes on record in total.
Komaf Financial Services has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 11 overdue payments to 3 micro and small suppliers. The latest return was filed on 21 Jun 2019.
Komaf Financial Services can be reached through the website komaf.in. Its registered office is in Mumbai, Maharashtra, India.
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