Asel Financial Services Limited - Company Profile

It is a financial services public limited company based in Ahmedabad, Gujarat, India, established in 2005.
2005 Ahmedabad, Gujarat, India Active
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About Asel Financial Services Limited

Asel Financial Services Limited, a active public limited company, was established on 04 March 2005 in Ahmedabad, Gujarat, India. Engaging in diversified financial services within the financial and insurance service sector, it holds CIN: U67110GJ2005PLC045636. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹15.00 Cr and a paid-up capital of ₹7.48 Cr.

Formerly known as Ahmedabad Stock Exchange Limited. It upholds a compliant status. Its leadership includes Vipul Ramanbhai Patel (Cfo), Apurva Hathi (Director), Devangkumar Champaklal Sheth (Director). Past directors included Rangarao Vasantrao Dani, Kaluvakolanu Nityanandam, Shyam Nath Misra. Its latest AGM occurred on 26 September 2025, with the balance sheet filed on 31 March 2025. It is based at 1St Floor Kamdhenu Complexopp Sahajand College Nr Panjara Pole Ambawadi, Ahmedabad, Gujarat, 380015.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U67110GJ2005PLC045636

  • Registration Number

    045636

  • Incorporation Date

    04 March 2005

  • Authorized Capital

    ₹15.00 Cr

  • Paid-Up Capital

    ₹7.48 Cr

  • ROC Code

    Roc Ahmedabad

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 7.48 Cr
  • Company Age 20 Year, 11 Months
  • Last Filing with ROC 31 Mar 2025
  • Revenue Growth **** 17.40%
  • Profit Growth **** 26.09%
  • Ebitda **** -1.06%
  • Net Worth 2.66%
  • Total Assets **** 17.31%
Company report

Asel Financial Services Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Asel Financial Services Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Asel Financial Services Limited?
Current Directors
Name Designation Appointment Date Status
Vipul Ramanbhai Patel Cfo 14 Aug 2014 Current
Apurva Hathi Director 26 May 2014 Current
Devangkumar Champaklal Sheth Director 30 Sep 2022 Current
Rameshchandra Natvarlal Chokshi Director 31 Dec 2013 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Nominee Director 21 Mar 2011 Past
Pramod Abcsdd Director 22 Aug 2016 Past
Pramod Abcsdd Nominee Director 09 Oct 2013 Past
Pramod Abcsdd Director 30 Sep 2022 Past
Pramod Abcsdd Nominee Director 28 Jun 2008 Past
Pramod Abcsdd Company Secretary - Past

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Financial Performance of Asel Financial Services.

Asel Financial Services Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 17.4% increase. The company also saw a substantial improvement in profitability, with a 26.09% increase in profit. The company's net worth moved up by a moderate rise of 2.66%.

Asel Financial Services revenue growth over time
Asel Financial Services profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 17.40%
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Revenue from Operations
*******
 14.78%
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*******
*******
Total Assets
*******
 17.31%
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*******
*******
*******
Profit or Loss
*******
 26.09%
*******
*******
*******
*******
Net Worth
*******
 2.66%
*******
*******
*******
*******
EBITDA
*******
 -1.06%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Asel Financial Services?

In 2023, Asel Financial Services had a public holding of 99.99%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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How Many Employees Work at Asel Financial Services?

Unlock and access historical data on people associated with Asel Financial Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Asel Financial Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Asel Financial Services's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Asel Financial Services
Recent Activity within the Organization
  • Annual General Meeting

    The activity Asel Financial Services Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records. was completed.

  • Balance Sheet

    Progress on Asel Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was documented.

  • Director Appointment

    Devangkumar Champaklal Sheth was appointed as a Director was appointed as a Director on 30 Sep 2022 & has been associated with this company since 3 years 4 months . was recorded as a recent event.

  • Director Appointment

    Vipul Ramanbhai Patel was appointed as a CFO was appointed as a CFO on 14 Aug 2014 & has been associated with this company since 11 years 6 months . was recorded as a recent event.

  • Director Appointment

    Progress on Vipul Ramanbhai Patel was appointed as a CFO was appointed as a CFO on 14 Aug 2014 & has been associated with this company since 11 years 6 months . was documented.

  • Director Appointment

    Progress on Apurva Hathi was appointed as a Director was appointed as a Director on 26 May 2014 & has been associated with this company since 11 years 8 months . was documented.

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Frequently Asked Questions
What is the CIN of Asel Financial Services Limited?

The CIN of Asel Financial Services Limited is U67110GJ2005PLC045636.

Where is Asel Financial Services Limited headquartered?

Asel Financial Services Limited is headquartered at 1St Floor Kamdhenu Complexopp Sahajand College Nr Panjara Pole Ambawadi, Ahmedabad, Gujarat, 380015.

When was Asel Financial Services Limited incorporated?

Asel Financial Services Limited was incorporated on 04 March 2005.

Who are the current directors of Asel Financial Services Limited?

The current directors of Asel Financial Services Limited are

What is the primary industry of Asel Financial Services Limited?

The primary industry of Asel Financial Services Limited is Financial And Insurance Service.

Is Asel Financial Services Limited a listed company?

Asel Financial Services Limited is unlisted.

What is the capital structure of Asel Financial Services Limited?

The authorized capital of Asel Financial Services Limited is ₹15.00 Cr, and the paid-up capital is ₹7.48 Cr.

What is the compliance status of Asel Financial Services Limited?

The compliance status of Asel Financial Services Limited is Compliant.

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