Minal Finances Private Limited
About Minal Finances Private Limited
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Minal Finances Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 04 December 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1986PTC041791.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹12.28 Lakh. It is led by directors including Milesh Pravinchandra Parekh and Nilesh P Parekh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Flat No. 2 Bldg No. 3 Ghanshyam Baug Cama Lane Ghatkopar(West), Mumbai, Maharashtra, India – 400086.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.49 Lakh, a decline of 86% compared to the previous year. For the same year it recorded a net loss of ₹8.53 Lakh (net margin -190%) and EBITDA of -₹10.32 Lakh (EBITDA margin -229.9%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 46% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Minal Finances Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat No. 2 Bldg No. 3 Ghanshyam Baug Cama Lane Ghatkopar(West), Mumbai, Maharashtra, India – 400086
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Minal Finances 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
Financials of Minal Finances Private Limited
FY 2024 filings availableMinal Finances Private Limited reported revenue of ₹4.49 Lakh (down 86% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 46% over five years, including a 86% fall in the latest year. EBITDA fell 136% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹10.32 Lakh | ||||
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| Net Profit (PAT) | -₹8.53 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -229.9% | ||||
| Net Profit Margin | -190% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Minal Finances Private Limited, buy the company report.
Board of directors of Minal Finances Private Limited
Minal Finances 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 |
|---|---|---|---|---|
| Milesh Pravinchandra Parekh | Director | 19 Jul 2016 | 10 Years 3 Months | Current |
| Nilesh P Parekh | Director | 19 Jul 2016 | 10 Years 3 Months | Current |
| Vinit Navinchandra Pipariya | Director | 31 Aug 2009 | 17 Years 2 Months | Current |
Peer comparison
Minal Finances Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Other Financial Services), 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 |
|---|---|---|---|---|---|---|
| B S S Holdings Pvt Ltd | ₹4.5 Lakh (FY 2025) | Kolkata, West Bengal, India | ||||
| Shribhashyam Business Private Limited | ₹4.49 Lakh (FY 2025) | 22.0% | Kolkata, West Bengal, India | |||
| Minal Finances Private Limitedthis company | ₹4.49 Lakh (FY 2024) | -₹8.53 Lakh | -190% | -86.0% | Mumbai, Maharashtra, India | |
| Ellora Investment Company Private Limited | ₹4.49 Lakh (FY 2021) | 847.0% | Mumbai, Maharashtra, India | |||
| Aggarwal Credits Private Limited | ₹4.49 Lakh (FY 2025) | 16.0% | Punjab, India | |||
| Subhushan Investments Private Limited | ₹4.48 Lakh (FY 2023) | 40.0% | Navin Shahdara, Delhi, India | |||
| Superlite Tracom Private Limited | ₹4.47 Lakh (FY 2025) | 9.0% | Kolkata, West Bengal, India | |||
| Alankit Associates Private Limited | ₹4.47 Lakh (FY 2025) | 124.0% | New Delhi, Delhi, India |
To see the full peer comparison of Minal Finances Private Limited, buy the company report.
Auditor
Minal Finances Private Limited is audited by VORA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VORA & ASSOCIATES | FY 2023 | 111612W |
Shareholding
The shareholding of Minal Finances 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 Minal Finances Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Minal Finances Private 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 Minal Finances Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Minal Finances Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Minal Finances Private Limited has 11 board changes on record since 2003: 7 appointments and 4 cessations. The latest: Bhadhresh Chhaganlal Shah ceased to be Director on 26 Apr 2019.
2 earlier events are in the company report.
Frequently asked questions
Minal Finances is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 04 December 1986 (40+ years old) and is registered under CIN U65990MH1986PTC041791.
Minal Finances has 3 current directors:
- Milesh Pravinchandra Parekh - Director
- Nilesh P Parekh - Director
- Vinit Navinchandra Pipariya - Director
The latest financial statements of Minal Finances on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Minal Finances is U65990MH1986PTC041791. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Minal Finances was incorporated on 04 December 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Minal Finances by revenue are B S S Holdings Pvt Ltd, Shribhashyam Business Private Limited, Ellora Investment Company Private Limited, Aggarwal Credits Private Limited, Subhushan Investments Private Limited and 2 more, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Bhadhresh Chhaganlal Shah ceased to be Director on 26 Apr 2019. Milesh Pravinchandra Parekh was appointed as Director on 19 Jul 2016. Nilesh P Parekh was appointed as Director on 19 Jul 2016. Minal Finances has 11 board changes on record in total.
The registered office of Minal Finances is at Flat No. 2 Bldg No. 3 Ghanshyam Baug Cama Lane GhatkoparWest, Mumbai, Maharashtra, India – 400086.
Minal Finances operates in the financial services industry, in the diversified financial services segment.
The compliance status of Minal Finances is compliant as of 12 August 2026. The company is actively filing with the Registrar of Companies.
Minal Finances can be reached at its registered office: Flat No. 2 Bldg No. 3 Ghanshyam Baug Cama Lane GhatkoparWest, Mumbai, Maharashtra, India – 400086.
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