About Action Financial Services (India) Ltd
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Action Financial Services (India) Ltd is a public limited company based in Mumbai, Maharashtra, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 01 October 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L65944MH1992PLC068879. The company has 1 GST registration on record, which is no longer active. It is recorded as listed by MCA, but its shares were delisted from BSE on 26 Aug 2024 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹13.33 Cr. It is led by directors including Bakul Ramniklal Parekh (Managing Director) and Milan Ramniklal Parekh (Managing Director).
Its last annual general meeting (AGM) was held on 27 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹4.61 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹24.2 Lakh (net margin 5.3%) and EBITDA of ₹1.14 Cr (EBITDA margin 24.8%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years.
The company has about 26 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Action Financial Services. As per MCA filings, the company has open charges of ₹1.27 Cr and satisfied charges of ₹5.34 Cr on record. Court records list 8 cases involving the company, including 3 filed by the company and 5 filed against it; 5 cases are pending. The company has 152 deals on record (152 market trades); the latest was in December 2017.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website actionfin.com.
Company details
CIN history
Action Financial Services (India) has one previous CIN (Corporate Identification Number): U65944MH1992PLC068879. The current CIN is L65944MH1992PLC068879, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65944MH1992PLC068879 | Current |
| U65944MH1992PLC068879 | Previous |
Contact details
Action Financial Services (India) Ltd's registered office is in Mumbai, Maharashtra. Its website is actionfin.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address46 & 47 6th Floor Rajgir Chambers 12/14 Shahid Bhagat Singh Road Opp.Old Custom House F, Ort, Mumbai, Maharashtra, India – 400023
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Action Financial Services (India) Ltd, 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
Brands
Action Financial Services (India) operates one associated brand: Action Financial Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Anti-fatigue work shoes and foot care products are manufactured. | actionfin.com |
Business activity
The main business activity of Action Financial Services (India) is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| 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 | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Action Financial Services (India) Ltd, buy the company report.
Financials of Action Financial Services (India) Ltd
FY 2019 filings availableAction Financial Services (India) Ltd reported revenue of ₹4.61 Cr (up 4% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over three years, including 4% growth in the latest year. EBITDA rose 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹1.14 Cr | ||||
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| Net Profit (PAT) | ₹24.2 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA Margin | 24.8% | ||||
| Net Profit Margin | 5.3% | ||||
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To see the full financial statements and ratios of Action Financial Services (India) Ltd, buy the company report.
Board of directors of Action Financial Services (India) Ltd
Action Financial Services (India) has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harbhajan Singh J Dhillon | Director | 01 Aug 2012 | 14 Years 2 Months | Current |
| Bakul Ramniklal Parekh Also directs: Action Commodities Limited, Action Securities Limited | Managing Director | 01 Oct 1992 | 34 Years 0 Months | Current |
| Milan Ramniklal Parekh Also directs: Action Commodities Limited, Action Securities Limited | Managing Director | 01 Oct 2007 | 19 Years 0 Months | Current |
Auditor
Action Financial Services (India) Ltd is audited by JAIN CHOWDHARY & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN CHOWDHARY & CO | FY 2019 | 113267W |
Shareholding
The shareholding of Action Financial Services (India) Ltd is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Action Financial Services (India) Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Nov 2011 | 10319956 | Bank of India | ₹1.27 Cr | Open | |
| 22 Dec 2005 | 80067384 | Icici Bank Limited | ₹50 Lakh | Satisfied | |
| 29 Sep 2004 | 80067385 | Progressive Co-Op Bank Limited | ₹25 Lakh | Satisfied | |
| 08 Jun 2001 | 90161039 | Bank of India | ₹4.25 Cr | Satisfied | |
| 25 Nov 1997 | 90160934 | Bank of India | ₹10 Lakh | Satisfied |
To see the full charge records of Action Financial Services (India) Ltd, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Action Financial Services (India) Ltd has 152 deals on record (152 market trades); the latest was in December 2017.
Deals on record (5 of 152)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Market trade | ₹5.6 Lakh | Buyer: an individual Seller: Ekaparnik Vintrade Private Limited |
| Feb 2017 | Market trade | ₹4.2 Lakh | Buyer: an individual Seller: Ekaparnik Vintrade Private Limited |
| Oct 2014 | Market trade | ₹6.6 Lakh | Buyer: an individual Seller: Shrim Investment Solutions Private Limited |
| Jun 2014 | Market trade | ₹73 Lakh | Buyer: Priyali Properties LLP , an individual Seller: Decent Vincom Private Limited , Brijdham Dealcom Private Limited , Ashiyana Mercantile Private Limited |
| Jun 2014 | Market trade | ₹7.9 Lakh | Buyer: an individual Seller: Shrim Investment Solutions Private Limited |
To see the full deal history of Action Financial Services (India) Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Action Financial Services (India) Ltd has 8 court cases on record: 3 filed by Action Financial Services (India), 5 filed against it. 5 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 3 | 4 |
| District courts | 3 | 2 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Commercial suit | Filed against the company by National Stock Exchange of India Ltd | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by National Stock Exchange of India Ltd | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against individuals | Pending |
| High Court | Interim or miscellaneous application | Filed by the company against National Stock Exchange Ltd and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Police cases PW) | Filed against the company by an individual | Pending |
To see the full case history of Action Financial Services (India) Ltd, 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.
Credit ratings & regulatory alerts
Action Financial Services (India) Ltd was last rated by Crisil on 01 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 01 Oct 2020 |
To see the full credit ratings and regulatory alerts of Action Financial Services (India) Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Action Financial Services (India) Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Action Financial Services (India) has 2 subsidiary companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Action Commodities Limited | U65999MH2009PLC194732 | |
| Action Securities Limited | U67120MH2007PLC175874 |
To see the full group structure of Action Financial Services (India) Ltd, buy the company report.
Employees & EPFO
Action Financial Services (India) Ltd has a workforce of 26 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Action Financial Services (India) 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 Action Financial Services (India) Ltd, buy the company report.
Recent activity
Action Financial Services (India) Ltd has 22 board changes on record since 1992: 12 appointments and 10 cessations. The latest: Parul Bhavesh Doshi ceased to be Director on 02 Mar 2020.
25 earlier events are in the company report.
Frequently asked questions
Action Financial Services (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 01 October 1992 (34+ years old) and is registered under CIN L65944MH1992PLC068879.
Action Financial Services (India) has 3 current directors:
- Bakul Ramniklal Parekh - Managing Director
- Milan Ramniklal Parekh - Managing Director
- Harbhajan Singh J Dhillon - Director
The latest financial statements of Action Financial Services (India) on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 27 September 2019. Year-wise statements from 2015 are in the company report.
No. Action Financial Services (India) has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Action Financial Services (India) is L65944MH1992PLC068879. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Action Financial Services (India) is recorded as a listed company by MCA, but its shares were delisted from BSE on 26 Aug 2024 · compulsory delisting, and no longer trade on a stock exchange.
Action Financial Services (India) has 8 court cases on record: 3 filed by the company and 5 filed against it. 5 are pending. Most are in the high courts.
Action Financial Services (India) was incorporated on 01 October 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Action Financial Services (India) has 152 deals on record (152 market trades); the latest was in December 2017.
Parul Bhavesh Doshi ceased to be Director on 02 Mar 2020. Raja Gupta ceased to be Director on 29 Feb 2020. Jayantilal Raghunathram Suthar ceased to be Company Secretary on 31 Dec 2018. Action Financial Services (India) has 22 board changes on record in total.