About Affirmative Financial Services Private Limited
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Affirmative Financial Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 18 January 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65999MH2017PTC289697. Its GSTIN is 27AAPCA3719G1ZJ (Maharashtra).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.1 Cr. It was formerly known as E-City Financial Services Private Limited. It is led by directors Atul Goel and Amit Handa.
Its last annual general meeting (AGM) was held on 02 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Fun Republic Plot No 844/4 Shah Industrial Estate Off New Link Road Andheri (West), Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2026, the company reported a revenue of ₹13.3 Lakh, a decline of 53% compared to the previous year. For the same year it recorded a net profit of ₹9.75 Lakh (net margin 73.3%) and EBITDA of ₹12.78 Lakh (EBITDA margin 96%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 24% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website affirmative.co.in.
Company details
Contact details
Affirmative Financial Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is affirmative.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFun Republic Plot No 844/4 Shah Industrial Estate Off New Link Road Andheri (West), Mumbai, Maharashtra, India – 400053
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Affirmative 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 Affirmative 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 Affirmative Financial Services Private Limited, buy the company report.
Financials of Affirmative Financial Services Private Limited
FY 2025 filings availableAffirmative Financial Services Private Limited reported revenue of ₹13.3 Lakh (down 53% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 53% fall in the latest year. EBITDA fell 50% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹12.78 Lakh | ||||
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| Net Profit (PAT) | ₹9.75 Lakh | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA Margin | 96% | ||||
| Net Profit Margin | 73.3% | ||||
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To see the full financial statements and ratios of Affirmative Financial Services Private Limited, buy the company report.
Board of directors of Affirmative Financial Services Private Limited
Affirmative Financial Services has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Goel Also directs: Charugoel Fine Jewels LLP, E-City Hi-Tech Projects LLP, E- City Gems & Jewellery LLP and 4 more | Director | 18 Jan 2017 | 9 Years 9 Months | Current |
| Amit Handa Also directs: Avantminds Educational and Research Foundation, Studio Developers LLP, E-City Real Estates Private Limited and 1 more | Director | 24 Aug 2018 | 8 Years 1 Months | Current |
Peer comparison
Affirmative Financial Services Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (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 |
|---|---|---|---|---|---|---|
| Oscar Sealing Systems Pvt Ltd | ₹28.69 Lakh (FY 2025) | -7.0% | Kolkata, West Bengal, India | |||
| Aashriya Capital & Financial Services Private Limited | ₹28.62 Lakh (FY 2020) | -15.0% | Ludhiana, Punjab, India | |||
| Snowcem Trades Private Limited | ₹28.61 Lakh (FY 2021) | 2168.0% | Mumbai, Maharashtra, India | |||
| Sarthak Vinimoy Pvt Ltd | ₹28.58 Lakh (FY 2025) | -10.0% | Kolkata, West Bengal, India | |||
| Ishika Capital Private Limited | ₹28.54 Lakh (FY 2024) | 70.0% | Delhi, India | |||
| Affirmative Financial Services Private Limitedthis company | ₹13.3 Lakh (FY 2026) | ₹9.75 Lakh | 73.3% | -53.0% | 1 | Mumbai, Maharashtra, India |
To see the full peer comparison of Affirmative Financial Services Private Limited, buy the company report.
Auditor
Affirmative Financial Services Private Limited is audited by R P R & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R P R & ASSOCIATES | FY 2019 | 127242W |
Shareholding
The shareholding of Affirmative Financial Services Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Affirmative Financial Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Affirmative Financial Services 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 Affirmative Financial Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Affirmative Financial Services Private Limited has a workforce of 1 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Affirmative Financial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAPCA3719G1ZJ | Maharashtra | Active | 08 Feb 2019 |
To see the full GST registrations and return filing status of Affirmative Financial Services Private Limited, buy the company report.
Recent activity
Affirmative Financial Services Private Limited has 4 board changes on record since 2017: 2 appointments and 2 cessations. The latest: Amit Handa ceased to be Additional Director on 29 Sep 2018.
Frequently asked questions
Affirmative Financial Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 18 January 2017 (9+ years old) and is registered under CIN U65999MH2017PTC289697.
Affirmative Financial Services has 2 current directors:
- Atul Goel - Director
- Amit Handa - Director
The latest financial statements of Affirmative Financial Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 02 June 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Affirmative Financial Services is 27AAPCA3719G1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Affirmative Financial Services is U65999MH2017PTC289697. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Affirmative Financial Services was incorporated on 18 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Affirmative Financial Services by revenue are Oscar Sealing Systems Pvt Ltd, Aashriya Capital & Financial Services Private Limited, Snowcem Trades Private Limited, Sarthak Vinimoy Pvt Ltd, Ishika Capital Private Limited, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Amit Handa ceased to be Additional Director on 29 Sep 2018. Amit Handa was appointed as Director on 24 Aug 2018. Charu Goel ceased to be Director on 24 Aug 2018. Affirmative Financial Services has 4 board changes on record in total.
Affirmative Financial Services can be reached through the website affirmative.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Affirmative Financial Services is at Fun Republic Plot No 8444 Shah Industrial Estate Off New Link Road Andheri West, Mumbai, Maharashtra, India – 400053.
Affirmative Financial Services operates in the financial services industry, in the nbfc segment.