About Adcon Capital Services Limited
Data last updated: 23 December 2025
Adcon Capital Services Limited is a public limited company based in Indore, Madhya Pradesh, India. It specialises in investment and credit NBFC, a part of the broader financial services sector. Incorporated on 28 July 1994, the company has been in operation for over 32 years.
Registered with ROC Gwalior under CIN L67120MP1994PLC008511. Listed on BSE: 539506.
Capital: an authorised share capital of ₹35 Cr and a paid-up capital of ₹31.7 Cr. It is led by directors including Yesha Yatishbhai Shah and Piyush Saraf.
Last AGM: 23 September 2024. Financial statements filed for year ended 31 March 2024. Office: 417 Chetak Centre Nx Near Hotel Shreemaya R.N.T. Marg, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.68 Cr, reflecting significant growth compared to the previous year.
The company is associated with 1 brand - Adcon.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adconcap.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered Address417 Chetak Centre Nx Near Hotel Shreemaya R.N.T. Marg, Indore, Madhya Pradesh, India – 452001
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IndustryFinancial Services, Investment & Credit NBFC, NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Adcon Capital Services Limited
Adcon Capital Services Limited has one previous CIN (Corporate Identification Number): U67120MP1994PLC008511. The current CIN is L67120MP1994PLC008511, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L67120MP1994PLC008511 | Current |
| U67120MP1994PLC008511 | Previous |
Associated Brands with Adcon Capital Services Limited
Adcon Capital Services Limited operates one associated brand: Adcon. These brands represent Adcon Capital Services Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Business loans and financial services are provided to enterprises. | adconcap.com |
Competitors & Alternatives of Adcon Capital Services Limited
Brands and companies operating in the same space as Adcon Capital Services Limited include Manappuram Finance, L & T Finance Holdings, Bajaj Finserv and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Manappuram Finance
|
Consumer and SME loans are provided by Manappuram Finance. | Valapad, India, India | 1992 |
L & T Finance Holdings
|
Diversified lending services are provided as a non-banking financial institution. | Mumbai, India, India | 1994 |
Bajaj Finserv
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Financial solutions including loans and insurance are offered. | Pune, India, India | 2007 |
Northern Arc Capital
|
Household and business loans are provided with risk management support. | Chennai, India, India | 2006 |
IIFL Finance
|
Online gold, home, personal, and business loans are provided. | Mumbai, India, India | 1995 |
Mahindra Finance
|
Consumer and SME loans are provided by Mahindra Finance. | Mumbai, India, India | 1991 |
Hero Fincorp
|
2-wheeler loans and consumer/business financing are provided by Hero Fincorp. | Delhi, India, India | 1991 |
Kinara Capital
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Collateral-free loans are provided to MSMEs for business operations. | Bengaluru, India, India | 2011 |
Dvara KGFS
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Loans for consumers and SMEs are provided alongside financial services. | Chennai, India, India | 2008 |
Business Activity of Adcon Capital Services Limited
Adcon Capital Services Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | ********* |
Auditor Details of Adcon Capital Services Limited
Adcon Capital Services Limited is audited by Maheshwari & Co (ICAI peer reviewed, certificate valid till 2029-02-28) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Maheshwari & Co (ICAI peer reviewed, certificate valid till 2029-02-28) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Adcon Capital Services Limited
Adcon Capital Services Limited is currently managed by 5 directors, with 22 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yesha Yatishbhai Shah | Director | 05 Jul 2024 | 2 Years 0 Months | Current |
| Piyush Saraf | Cfo | 21 Jan 2022 | 4 Years 5 Months | Current |
|
Rajeswari Bangal
Also directs:
Adcon Capital Services Limited, Vaishno Cement Company Ltd., N.C.L.Research And Financial Services Ltd. and 1 more
|
Director | 21 Jan 2022 | 4 Years 5 Months | Current |
| Suman Das | Director | 21 Jan 2022 | 4 Years 5 Months | Current |
|
Jay Bharatkumar Shah
Also directs:
Adcon Capital Services Limited
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Whole-Time Director | 05 Jul 2024 | 2 Years 0 Months | Current |
Financials of Adcon Capital Services Limited FY 2026 filings available
Adcon Capital Services Limited reported revenue of ₹4.58 Cr (up ) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹4.58 Cr | ₹1.66 Cr | ₹56.11 Lakh | ₹63.07 Lakh | ₹23.1 Lakh | ₹23.05 Lakh | ₹21.49 Lakh |
| Interest Earned | - | ₹1.66 Cr | ₹44.15 Lakh | ₹22.15 Lakh | ₹23.1 Lakh | ₹23.05 Lakh | - |
| Other Income | ₹0 | ₹2.07 Lakh | ₹0 | ₹5.73 Lakh | ₹5.32 Lakh | ₹2.48 Lakh | ₹2.7 Lakh |
| Total Income | ₹4.58 Cr | ₹1.68 Cr | ₹56.11 Lakh | ₹68.8 Lakh | ₹28.42 Lakh | ₹25.53 Lakh | ₹24.19 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹5.19 Lakh | ₹13.76 Lakh | ₹10.56 Lakh | ₹8.3 Lakh | ₹6.03 Lakh | ₹6.17 Lakh | ₹5.91 Lakh |
| Finance Costs | ₹1.82 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Depreciation & Amortisation | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Other Expenses | ₹5.54 Cr | ₹48.85 Lakh | ₹1.13 Cr | ₹10.99 Lakh | ₹8.57 Lakh | ₹17.36 Lakh | ₹12.34 Lakh |
| Total Expenses | ₹7.42 Cr | ₹62.61 Lakh | ₹1.23 Cr | ₹19.28 Lakh | ₹14.6 Lakh | ₹23.53 Lakh | ₹18.25 Lakh |
| Profit Before Exceptional Items & Tax | -₹2.84 Cr | ₹1.05 Cr | -₹67.24 Lakh | ₹49.52 Lakh | ₹13.82 Lakh | ₹2 Lakh | ₹5.94 Lakh |
| Exceptional Items | ₹0 | -₹91,400 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹2.84 Cr | ₹1.04 Cr | -₹67.24 Lakh | ₹49.52 Lakh | ₹13.82 Lakh | ₹2 Lakh | ₹5.94 Lakh |
| Total Tax Expense | -₹71.52 Lakh | ₹13.93 Lakh | ₹1.09 Lakh | ₹8.1 Lakh | ₹2.04 Lakh | ₹38,000 | ₹39,000 |
| Net Profit | -₹2.13 Cr | ₹90.27 Lakh | -₹68.33 Lakh | ₹41.42 Lakh | ₹11.78 Lakh | ₹1.62 Lakh | ₹5.55 Lakh |
| Other Comprehensive Income | -₹1.02 Cr | ₹53.54 Lakh | ₹4.77 Lakh | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹3.15 Cr | ₹1.44 Cr | -₹63.56 Lakh | ₹41.42 Lakh | ₹11.78 Lakh | ₹1.62 Lakh | ₹5.55 Lakh |
| EBITDA (computed) | -₹1.02 Cr | ₹1.05 Cr | -₹67.24 Lakh | ₹49.52 Lakh | ₹13.82 Lakh | ₹2 Lakh | ₹5.94 Lakh |
| Basic EPS | ₹-0.09 | ₹0.03 | ₹-0.02 | ₹1.17 | ₹0.33 | ₹0.05 | ₹0.16 |
| Diluted EPS | ₹-0.09 | ₹0.03 | ₹-0.06 | ₹1.17 | ₹0.33 | ₹0.05 | ₹0.16 |
| Metrics | FY 2026 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Total Assets | ₹60.87 Cr | ₹33.54 Cr | ₹30.14 Cr | ₹4.12 Cr | ₹3.66 Cr | ₹3.57 Cr | ₹3.51 Cr |
| Non-current Assets | ₹1.06 Cr | - | - | - | - | - | ₹3.27 Lakh |
| Current Assets | ₹59.81 Cr | - | - | - | - | - | ₹3.47 Cr |
| Property, Plant & Equipment | ₹3,000 | ₹2,600 | ₹2,600 | ₹2,600 | ₹3,000 | ₹3,000 | ₹3,000 |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Trade Receivables | ₹15.79 Lakh | - | - | - | - | - | ₹0 |
| Cash & Equivalents | ₹24.47 Lakh | ₹7.49 Lakh | ₹3.54 Lakh | ₹47,200 | ₹6.4 Lakh | ₹5.25 Lakh | ₹5.05 Lakh |
| Equity (Net Worth) | ₹30.86 Cr | ₹33 Cr | ₹30.05 Cr | ₹4.05 Cr | ₹3.64 Cr | ₹3.52 Cr | ₹3.5 Cr |
| Equity Share Capital | ₹31.81 Cr | ₹31.7 Cr | ₹30.18 Cr | ₹3.55 Cr | ₹3.55 Cr | ₹3.55 Cr | ₹3.55 Cr |
| Borrowings (Non-current) | ₹0 | - | - | - | - | - | ₹0 |
| Borrowings (Current) | ₹0 | - | - | - | - | - | ₹0 |
| Total Debt (computed) | ₹0 | - | - | - | - | - | ₹0 |
| Current Liabilities | ₹22.19 Lakh | - | - | - | - | - | ₹20,000 |
| Total Liabilities | ₹30.01 Cr | ₹53.81 Lakh | ₹8.89 Lakh | ₹6.5 Lakh | ₹2.34 Lakh | ₹4.71 Lakh | ₹20,000 |
| Metrics | FY 2026 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Operating Cash Flow | ₹3.89 Cr | ₹1.16 Cr | -₹1.08 Cr | ₹16.27 Lakh |
| Investing Cash Flow | -₹3.78 Cr | -₹2.82 Cr | -₹26.01 Cr | ₹45.14 Lakh |
| Financing Cash Flow | ₹0 | ₹1.51 Cr | ₹26.63 Cr | ₹0 |
| Capital Expenditure | ₹0 | ₹0 | ₹0 | ₹0 |
| Free Cash Flow (computed) | ₹3.89 Cr | ₹1.16 Cr | -₹1.08 Cr | ₹16.27 Lakh |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹10.87 Lakh | -₹14.35 Lakh | -₹45.97 Lakh | ₹61.41 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹2.21 Cr | ₹61.99 Lakh | ₹59.13 Lakh | ₹1.29 Cr | ₹46.99 Lakh |
| Interest Earned | - | - | ₹59.13 Lakh | ₹40.52 Lakh | ₹40.36 Lakh |
| Other Income | ₹0 | -₹28,000 | ₹0 | ₹13.23 Lakh | ₹0 |
| Total Income | ₹2.21 Cr | ₹61.71 Lakh | ₹59.13 Lakh | ₹1.42 Cr | ₹46.99 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | -₹1.92 Lakh | ₹0 |
| Employee Benefit Expense | ₹6,000 | ₹1.14 Lakh | ₹1.65 Lakh | ₹3.5 Lakh | ₹1.92 Lakh |
| Finance Costs | ₹68.43 Lakh | ₹50.8 Lakh | ₹0 | ₹0 | ₹0 |
| Depreciation & Amortisation | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Other Expenses | ₹5.47 Cr | ₹1.24 Lakh | ₹13.47 Lakh | ₹4.45 Lakh | ₹22.13 Lakh |
| Total Expenses | ₹6.16 Cr | ₹53.18 Lakh | ₹15.11 Lakh | ₹6.03 Lakh | ₹24.05 Lakh |
| Profit Before Exceptional Items & Tax | -₹3.95 Cr | ₹8.53 Lakh | ₹44.02 Lakh | ₹1.36 Cr | ₹22.94 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹3.95 Cr | ₹8.53 Lakh | ₹44.02 Lakh | ₹1.36 Cr | ₹22.94 Lakh |
| Total Tax Expense | -₹97.04 Lakh | -₹21,000 | ₹11.09 Lakh | ₹21.38 Lakh | ₹5.8 Lakh |
| Net Profit | -₹2.98 Cr | ₹8.74 Lakh | ₹32.93 Lakh | ₹1.15 Cr | ₹17.14 Lakh |
| Other Comprehensive Income | -₹1.02 Cr | -₹24.63 Lakh | ₹69,600 | -₹75.61 Lakh | ₹18.95 Lakh |
| Total Comprehensive Income | -₹4 Cr | -₹15.89 Lakh | ₹33.63 Lakh | ₹39.17 Lakh | ₹36.1 Lakh |
| EBITDA (computed) | -₹3.26 Cr | ₹59.33 Lakh | ₹44.02 Lakh | ₹1.36 Cr | ₹22.94 Lakh |
| Basic EPS | ₹-0.09 | ₹0.00 | ₹0.01 | ₹0.04 | ₹0.01 |
| Diluted EPS | ₹-0.09 | ₹0.00 | ₹0.01 | ₹0.04 | ₹0.01 |
Shareholding Pattern of Adcon Capital Services Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, retail and other public shareholders hold 100.00% of Adcon Capital Services Limited. The company had 75,687 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | - | - | - | - | - | - |
| Public | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | - | - | - |
| Public | 100.00% | 100.00% | 100.00% |
| Promoter change (YoY, %pts) | - | - | - |
Charges & Borrowings Adcon Capital Services Limited
Adcon Capital Services Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Adcon Capital Services Limited
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Employee Count & EPFO Data of Adcon Capital Services Limited
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GST Compliance of Adcon Capital Services Limited
GSTIN & GST Filing Data of Adcon Capital Services Limited
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Credit Ratings, Litigation & Regulatory Alerts for Adcon Capital Services Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Adcon Capital Services Limited
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MSME Payment Delays by Adcon Capital Services Limited
MSME Payment Delays by Adcon Capital Services Limited
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Subsidiaries & Group Companies of Adcon Capital Services Limited
Subsidiaries & Group Companies of Adcon Capital Services Limited
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MCA Filings & Documents of Adcon Capital Services Limited
MCA Filings & Documents of Adcon Capital Services Limited
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Recent Activity on Adcon Capital Services Limited
Recent News on Adcon Capital Services Limited
Frequently Asked Questions about Adcon Capital Services Limited
Adcon Capital Services Limited is an active public limited company in the financial services sector based in Indore, Madhya Pradesh, India. It was incorporated on 28 July 1994 (32+ years old) and is registered under CIN L67120MP1994PLC008511. Listed on BSE: 539506.
Adcon Capital Services Limited reported revenue of ₹1.68 Cr for FY 2024 (up 199.00% YoY).
The current directors of Adcon Capital Services Limited are:
The primary industry of Adcon Capital Services Limited is financial services. The company specifically operates in investment and credit nbfc. The company is currently active in this sector.
Yes. Adcon Capital Services Limited is listed on BSE with code 539506.
Adcon Capital Services Limited can be reached at the registered office: 417 Chetak Centre Nx Near Hotel Shreemaya R.N.T. Marg, Indore, Madhya Pradesh, India – 452001, or through the website adconcap.com.