About Mehta Financial Services Limited
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Mehta Financial Services Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 24 May 1995.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH1995PLC088709. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹68.33 Lakh. It was led by directors including Rakesh Govindchand Mehta and Nidhi Rakesh Mehta.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 903 Lodha Supremus Dr. E. Moses Road Worli Naka, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2022, the company reported a revenue of ₹26.03 Lakh, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹54.29 Lakh (net margin -208.6%) and EBITDA of ₹16.93 Lakh (EBITDA margin 65.1%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 46% over five years.
The last known website on record is mehtagroup.in.
Company details
Contact details
Mehta Financial Services Limited's registered office is in Mumbai, Maharashtra. Its website is mehtagroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address903 Lodha Supremus Dr. E. Moses Road Worli Naka, Mumbai, Maharashtra, India – 400018
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Mehta Financial Services 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 Mehta Financial Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Mehta Financial Services Limited, buy the company report.
Financials of Mehta Financial Services Limited
FY 2022 filings availableMehta Financial Services Limited reported revenue of ₹26.03 Lakh (down 95% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 46% over five years, including a 95% fall in the latest year. EBITDA fell 96% 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 | ₹26.03 Lakh | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹16.93 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹54.29 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 65.1% | ||||
| Net Profit Margin | -208.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Mehta Financial Services Limited, buy the company report.
Board of directors of Mehta Financial Services Limited
Mehta Financial Services has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nidhi Rakesh Mehta Also directs: Mehta Energy LLP, Mangaldeep Infratech LLP, Mehta Financial Services Private Limited and 1 more | Additional Director | 01 Nov 2019 | 6 Years 11 Months | As last reported |
| Pankaj Jain Also directs: Jai Gurudev Consultancy Services Private Limited | Additional Director | 04 Jan 2023 | 3 Years 9 Months | As last reported |
| Rakesh Govindchand Mehta | Director | 21 Nov 2005 | 20 Years 11 Months | As last reported |
Auditor
Mehta Financial Services Limited is audited by P. D. SARAF & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P. D. SARAF & CO. | FY 2022 | 109241W |
Shareholding
The shareholding of Mehta Financial Services 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 Mehta Financial Services Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mehta Financial Services Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mehta Financial Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mehta Financial Services 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 Mehta Financial Services Limited, buy the company report.
Recent activity
Mehta Financial Services Limited has 8 board changes on record since 2005: 3 appointments and 5 cessations. The latest: Pankaj Jain was appointed as Additional Director on 04 Jan 2023.
News
Frequently asked questions
Mehta Financial Services 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.
Mehta Financial Services was a public limited company based in Mumbai, Maharashtra, India. The company worked in business and IT consulting, within the business outsourcing industry. It was incorporated on 24 May 1995 and is registered under CIN U67190MH1995PLC088709. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Mehta Financial Services was incorporated on 24 May 1995. It is registered with the Registrar of Companies, Mumbai.
Mehta Financial Services had 3 directors:
- Nidhi Rakesh Mehta - Additional Director
- Pankaj Jain - Additional Director
- Rakesh Govindchand Mehta - Director
The CIN (Corporate Identification Number) of Mehta Financial Services is U67190MH1995PLC088709. 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 Mehta Financial Services is at 903 Lodha Supremus Dr. E. Moses Road Worli Naka, Mumbai, Maharashtra, India – 400018.
Mehta Financial Services can be reached through the website mehtagroup.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Mehta Financial Services on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Mehta Financial Services has 1 GST registration on record and it is cancelled or inactive.
Mehta Financial Services operated in the business outsourcing industry, in the business and IT consulting segment.