About Apaar Source Finance Private Limited
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Apaar Source Finance Private Limited is a private limited company based in Udaipur, Rajasthan, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 30 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U65999RJ2016PTC055093.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Meenakshi Jain and Rashmi Jain.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 18 Govind Nagar Hiran Magri, Sector 13 Udaipur, Rajasthan, India – 313002.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.38 Lakh, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹2.05 Lakh (net margin 10%) and EBITDA of ₹3.01 Lakh (EBITDA margin 14.8%). Revenue has declined at a compounded annual rate (CAGR) of 10% over five years.
The company is associated with 1 brand: Apaar Source Finance. Court records list 10 cases involving the company, including 10 filed by the company; 9 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website apaarfinance.com.
Company details
Contact details
Apaar Source Finance Private Limited's registered office is in Udaipur, Rajasthan. Its website is apaarfinance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address18 Govind Nagar Hiran Magri, Sector 13 Udaipur, Rajasthan, India – 313002
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Apaar Source Finance 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
Brands
Apaar Source Finance operates one associated brand: Apaar Source Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial solutions for MSME loans, startup capital, and business lending. | apaarfinance.com |
Business activity
The main business activity of Apaar Source Finance 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 Apaar Source Finance Private Limited, buy the company report.
Financials of Apaar Source Finance Private Limited
FY 2025 filings availableApaar Source Finance Private Limited reported revenue of ₹20.38 Lakh (down 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 24% fall in the latest year. EBITDA fell 28% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.01 Lakh | ||||
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| Net Profit (PAT) | ₹2.05 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 14.8% | ||||
| Net Profit Margin | 10% | ||||
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To see the full financial statements and ratios of Apaar Source Finance Private Limited, buy the company report.
Board of directors of Apaar Source Finance Private Limited
Apaar Source Finance has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meenakshi Jain Also directs: Visoh Private Limited, Visoh Foods Private Limited | Director | 04 Jul 2024 | 2 Years 3 Months | Current |
| Rashmi Jain Also directs: Arthspacee Services Private Limited | Director | 04 Jul 2024 | 2 Years 3 Months | Current |
| Mahima Jain Also directs: Arthspacee Services Private Limited | Director | 04 Jul 2024 | 2 Years 3 Months | Current |
| Mahendra Kumar Jain | Director | 04 Jul 2024 | 2 Years 3 Months | Current |
Peer comparison
Apaar Source Finance Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Finance, 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 |
|---|---|---|---|---|---|---|
| Chair Finance and Investments Private Limited | ₹20.4 Lakh (FY 2019) | -29.0% | Indore, Madhya Pradesh, India | |||
| Apaar Source Finance Private Limitedthis company | ₹20.38 Lakh (FY 2025) | ₹2.05 Lakh | 10% | -24.0% | Udaipur, Rajasthan, India | |
| Coracle Capital Consulting and Corporate Services Private Limited | ₹20.35 Lakh (FY 2024) | -16.0% | New Delhi, Delhi, India | |||
| Calcutta Multimax Pvt. Ltd. | ₹20.33 Lakh (FY 2025) | 33.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Apaar Source Finance Private Limited, buy the company report.
Auditor
Apaar Source Finance Private Limited is audited by KALYAN JAIN & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KALYAN JAIN & CO | FY 2021 | 104601W |
Shareholding
The shareholding of Apaar Source Finance Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Apaar Source Finance Private Limited, buy the company report.
Legal cases
Apaar Source Finance Private Limited has 10 court cases on record: 10 filed by Apaar Source Finance. 9 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 0 | 9 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against an individual | Pending |
To see the full case history of Apaar Source Finance Private 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 Apaar Source Finance 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 Apaar Source Finance Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Apaar Source Finance Private Limited has 6 board changes on record since 2024: 4 appointments and 2 cessations. The latest: Vinay Rokadia ceased to be Director on 03 Sep 2024.
Frequently asked questions
Apaar Source Finance is an active private limited company based in Udaipur, Rajasthan, India. The company works in nbfc, within the financial services industry. It was incorporated on 30 May 2016 (10+ years old) and is registered under CIN U65999RJ2016PTC055093.
Apaar Source Finance has 4 current directors:
- Meenakshi Jain - Director
- Rashmi Jain - Director
- Mahima Jain - Director
- Mahendra Kumar Jain - Director
The latest financial statements of Apaar Source Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Apaar Source Finance is U65999RJ2016PTC055093. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Apaar Source Finance has 10 court cases on record: 10 filed by the company. 9 are pending. Most are in the district courts.
Apaar Source Finance was incorporated on 30 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Apaar Source Finance by revenue are Chair Finance and Investments Private Limited, Coracle Capital Consulting and Corporate Services Private Limited, Calcutta Multimax Pvt. Ltd, all in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Vinay Rokadia ceased to be Director on 03 Sep 2024. Hardik Indramal Jain ceased to be Director on 05 Jul 2024. Mahendra Kumar Jain was appointed as Director on 04 Jul 2024. Apaar Source Finance has 6 board changes on record in total.
Apaar Source Finance can be reached through the website apaarfinance.com. Its registered office is in Udaipur, Rajasthan, India.
The registered office of Apaar Source Finance is at 18 Govind Nagar Hiran Magri, Sector 13 Udaipur, Rajasthan, India – 313002.
Apaar Source Finance operates in the financial services industry, in the nbfc segment.