Akal Finlease Limited
About Akal Finlease Limited
Data last updated:
Akal Finlease Limited was a public limited company based in Gurdaspur, Punjab, India. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 06 January 1997.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65921PB1997PLC019260. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹75 Lakh and a paid-up capital of ₹63.5 Lakh. It was led by directors including Sarbjit Singh (Whole-Time Director) and Mittarman Singh (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 13 New Guru Nanak Market Shashtri Nagar Batala, Gurdaspur, Punjab, India – 143505.
As per the financials filed for FY 2019, the company reported a revenue of ₹5.83 Lakh, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹3.17 Lakh (net margin 54.3%) and EBITDA of ₹5.57 Lakh (EBITDA margin 95.4%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years.
Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Akal Finlease Limited's registered office is in Gurdaspur, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address13 New Guru Nanak Market Shashtri Nagar Batala, Gurdaspur, Punjab, India – 143505
- IndustryFinancial Services, NBFC
To see the full contact details of Akal Finlease 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 Akal Finlease 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 Akal Finlease Limited, buy the company report.
Financials of Akal Finlease Limited
FY 2019 filings availableAkal Finlease Limited reported revenue of ₹5.83 Lakh (down 16% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 38% over three years, including a 16% fall in the latest year. EBITDA rose 274% 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 | ₹5.57 Lakh | ||||
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| Net Profit (PAT) | ₹3.17 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 95.4% | ||||
| Net Profit Margin | 54.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Akal Finlease Limited, buy the company report.
Board of directors of Akal Finlease Limited
Akal Finlease has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sarbjit Singh | Whole-Time Director | 06 Jan 1997 | 29 Years 10 Months | As last reported |
| Mittarman Singh | Whole-Time Director | 06 May 1999 | 27 Years 6 Months | As last reported |
| Jatinder Singh | Director | 01 Feb 2000 | 26 Years 9 Months | As last reported |
Peer comparison
Akal Finlease Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (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 |
|---|---|---|---|---|---|---|
| Astralit Investments Private Limited | ₹6.26 Lakh (FY 2023) | Kolkata, West Bengal, India | ||||
| Kedia Fingrowth Private Limited | ₹6.08 Lakh (FY 2022) | -87.0% | Mumbai, Maharashtra, India | |||
| Akal Finlease Limitedthis company | ₹5.83 Lakh (FY 2019) | ₹3.17 Lakh | 54.3% | -16.0% | Gurdaspur, Punjab, India | |
| Ricon Commerce Ltd | ₹5.77 Lakh (FY 2021) | -45.0% | Kolkata, West Bengal, India | |||
| Pawapuri Mercantiles Pvt. Ltd. | ₹5.76 Lakh (FY 2018) | 772.0% | Kolkata, West Bengal, India | |||
| Payal Credit Pvt Ltd | ₹5.75 Lakh (FY 2017) | -73.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Akal Finlease Limited, buy the company report.
Auditor
Akal Finlease Limited is audited by Anjan Bansal & Co. for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Anjan Bansal & Co. | FY 2015 |
Shareholding
The shareholding of Akal Finlease Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Akal Finlease Limited, buy the company report.
Legal cases
Akal Finlease Limited has 1 court case on record: 1 filed by Akal Finlease. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chandigarh | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Akal Finlease Limited, 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Akal Finlease Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Akal Finlease 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 Akal Finlease Limited, buy the company report.
Recent activity
Akal Finlease Limited has 6 board changes on record since 1997: 3 appointments and 3 cessations. The latest: Navjot Bajwa ceased to be Director on 20 Aug 2018.
Frequently asked questions
Akal Finlease has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Akal Finlease was a public limited company based in Gurdaspur, Punjab, India. The company worked in nbfc, within the financial services industry. It was incorporated on 06 January 1997 and is registered under CIN U65921PB1997PLC019260. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Akal Finlease was incorporated on 06 January 1997. It is registered with the Registrar of Companies, Chandigarh.
Akal Finlease had 3 directors:
- Sarbjit Singh - Whole-Time Director
- Mittarman Singh - Whole-Time Director
- Jatinder Singh - Director
The CIN (Corporate Identification Number) of Akal Finlease is U65921PB1997PLC019260. 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 Akal Finlease is at 13 New Guru Nanak Market Shashtri Nagar Batala, Gurdaspur, Punjab, India – 143505.
The latest financial statements of Akal Finlease on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Akal Finlease has 1 GST registration on record and it is cancelled or inactive.
Akal Finlease operated in the financial services industry, in the nbfc segment.
The peers of Akal Finlease by revenue are Astralit Investments Private Limited, Kedia Fingrowth Private Limited, Ricon Commerce Ltd, Pawapuri Mercantiles Pvt. Ltd, Payal Credit Pvt Ltd, all in the BFSI industry (NBFC), with the same principal business activity (other financial activities).
Akal Finlease has 1 court case on record: 1 filed by the company.
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