About Asel Financial Services Limited
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Asel Financial Services Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 04 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67110GJ2005PLC045636. Its GSTIN is 24AAFCA4919E1ZZ (Gujarat).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹7.48 Cr. It was formerly known as Ahmedabad Stock Exchange Limited. It is led by directors including Apurva Hathi and Devangkumar Champaklal Sheth.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1st Floor Kamdhenu Complexopp Sahajand College Nr Panjara Pole Ambawadi, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.64 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹6.35 Cr (net margin 25.8%) and EBITDA of ₹15.87 Cr (EBITDA margin 64.4%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 19% over five years.
Its group structure includes 1 subsidiary.
Court records list 24 cases involving the company, including 2 filed by the company and 22 filed against it; 4 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 aselfinserve.com.
Company details
Contact details
Asel Financial Services Limited's registered office is in Ahmedabad, Gujarat. Its website is aselfinserve.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1st Floor Kamdhenu Complexopp Sahajand College Nr Panjara Pole Ambawadi, Ahmedabad, Gujarat, India – 380015
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Asel Financial Services 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 Asel 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 Asel Financial Services Limited, buy the company report.
Financials of Asel Financial Services Limited
FY 2025 filings availableAsel Financial Services Limited reported revenue of ₹24.64 Cr (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 18% growth in the latest year. EBITDA rose 433% 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 | ₹15.87 Cr | ||||
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| Net Profit (PAT) | ₹6.35 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 64.4% | ||||
| Net Profit Margin | 25.8% | ||||
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To see the full financial statements and ratios of Asel Financial Services Limited, buy the company report.
Board of directors and KMP of Asel Financial Services Limited
Asel Financial Services Limited currently reports 3 directors and 1 key managerial person. 31 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vipul Ramanbhai Patel | Cfo | 14 Aug 2014 | 12 Years 2 Months | Current |
| Apurva Hathi Also directs: GCCL Construction and Realities Limited, Gujrat Credit Corporation Limited, Rakesh Advertising Private Limited and 2 more | Director | 26 May 2014 | 12 Years 5 Months | Current |
| Devangkumar Champaklal Sheth Also directs: Bhanu Stockbroking Private Limited | Director | 30 Sep 2022 | 4 Years 1 Months | Current |
| Rameshchandra Natvarlal Chokshi Also directs: Acml Capital Markets Limited, Ase Capital Market Development Board | Director | 31 Dec 2013 | 12 Years 10 Months | Current |
Auditor
Asel Financial Services Limited is audited by Manubhai & Shah LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Manubhai & Shah LLP | FY 2023 | 106041W/W100136 |
Shareholding
The shareholding of Asel Financial Services Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Asel Financial Services Limited, buy the company report.
Legal cases
Asel Financial Services Limited has 24 court cases on record: 2 filed by Asel Financial Services, 22 filed against it. 4 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 10 | 2 |
| High courts | 12 | 12 | 2 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by Darshan Stock Broking Pvt Ltd and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Prime Stock Holding and Custodian Private Limited | Disposed |
| District court, Vadodara, Gujarat | Civil suit | Filed against the company by Patel Food Products Limited | Disposed |
| District court, Ahmedabad, Gujarat | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (REFERENCE T LC) | Filed against the company by an individual | Pending |
To see the full case history of Asel Financial Services 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 Asel Financial Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Asel Financial Services has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Acml Capital Markets Limited | U67120GJ2000PLC037431 |
To see the full group structure of Asel Financial Services Limited, buy the company report.
GST
Asel Financial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCA4919E1ZZ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Asel Financial Services Limited, buy the company report.
Recent activity
Asel Financial Services Limited has 34 board changes on record since 2007: 4 appointments and 30 cessations. The latest: Devangkumar Champaklal Sheth ceased to be Additional Director on 28 Sep 2023.
25 earlier events are in the company report.
Frequently asked questions
Asel Financial Services is an active public limited company based in Ahmedabad, Gujarat, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 04 March 2005 (21+ years old) and is registered under CIN U67110GJ2005PLC045636.
Asel Financial Services has 4 current directors and KMP:
- Apurva Hathi - Director
- Devangkumar Champaklal Sheth - Director
- Rameshchandra Natvarlal Chokshi - Director
- Vipul Ramanbhai Patel - Cfo
The latest financial statements of Asel Financial Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Asel Financial Services is 24AAFCA4919E1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Asel Financial Services is U67110GJ2005PLC045636. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asel Financial Services has 24 court cases on record: 2 filed by the company and 22 filed against it. 4 are pending. Most are in the district courts.
Asel Financial Services was incorporated on 04 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Devangkumar Champaklal Sheth ceased to be Additional Director on 28 Sep 2023. Devangkumar Champaklal Sheth was appointed as Director on 30 Sep 2022. Dhruv Kishorsinh Mukadam ceased to be Director on 30 Sep 2022. Asel Financial Services has 34 board changes on record in total.
Asel Financial Services can be reached through the website aselfinserve.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Asel Financial Services is at 1st Floor Kamdhenu Complexopp Sahajand College Nr Panjara Pole Ambawadi, Ahmedabad, Gujarat, India – 380015.
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