About Basic Financial Services Private Limited
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Basic Financial Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the general insurance providers segment of the financial services sector. It was incorporated on 26 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1994PTC081468. Its GSTIN is 27AABCB7868H1ZC (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Nikhil Jaysukhlal Mehta and Gauri Nikhil Mehta.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sonal Bldg 99 August Krantimarg Ist Floor, Mumbai, Maharashtra, India – 400036.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.32 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹1.09 Cr (net margin 32.9%) and EBITDA of ₹1.23 Cr (EBITDA margin 37.1%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 16% over five years.
The company is associated with 1 brand: BasicFin.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website basicfin.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSonal Bldg 99 August Krantimarg Ist Floor, Mumbai, Maharashtra, India – 400036
- IndustryFinancial Services, General Insurance Providers, Diversified Financial Services
- 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
- One PDF report, delivered after checkout
Business Activity of Basic Financial Services Private Limited
The main business activity of Basic Financial Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Basic Financial Services Private Limited FY 2024 filings available
Basic Financial Services Private Limited reported revenue of ₹3.32 Cr (up 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Basic Financial Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 35% growth in the latest year. EBITDA rose 76% 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 of Basic Financial Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.23 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.09 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Basic Financial Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 37.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 32.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Basic Financial Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Basic Financial Services Private Limited
Basic Financial Services Private Limited is compared with the companies closest to it by revenue in the BFSI industry (General Insurance, Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| V B Desai Financial Services Ltd Listed | ₹3.33 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Winrich Professional Services Private Limited | ₹3.33 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Bangalore, Karnataka, India |
| Nand Infradevelopers Private Limited | ₹3.33 Cr (FY 2025) | •••• | •••• | -61.0% | •••• | Bareilly, Uttar Pradesh, India |
| Matsyodari Investment & Holdings Private Limited | ₹3.32 Cr (FY 2025) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Tata Trustee Company Private Limited | ₹3.32 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Basic Financial Services Private Limited this company | ₹3.32 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Mumbai, Maharashtra, India |
| Kovil Nagaram Benefit Fund Nidhi Limited | ₹3.3 Cr (FY 2023) | •••• | •••• | 14.0% | •••• | Kumbakonam, Tamil Nadu, India |
| Sahayya Finserve Private Limited | ₹3.3 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Bangalore, Karnataka, India |
| Global Agents Pvt Ltd | ₹3.29 Cr (FY 2025) | •••• | •••• | 110.0% | •••• | Kolkata, West Bengal, India |
| Bhansali Industrial Investment and Finance Pvt Ltd | ₹3.29 Cr (FY 2025) | •••• | •••• | -63.0% | •••• | Mumbai, Maharashtra, India |
| Swell Exports Private Limited | ₹3.29 Cr (FY 2025) | •••• | •••• | 627.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Basic Financial Services by revenue in the BFSI industry (General Insurance, Other Financial Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Basic Financial Services Private Limited
Basic Financial Services Private Limited is audited by M. D. DUMASIA AND COMPANY for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M. D. DUMASIA AND COMPANY | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Basic Financial Services Private Limited
Basic Financial Services has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikhil Jaysukhlal Mehta | Director | 26 Sep 1994 | 32 Years 0 Months | Current |
| Gauri Nikhil Mehta | Director | 16 Sep 2024 | 2 Years 1 Months | Current |
| Jyoti Nikhil Mehta | Director | 26 Sep 1994 | 32 Years 0 Months | Current |
Ownership and Shareholding of Basic Financial Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Basic Financial Services Private Limited
Basic Financial Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Basic Financial Services Private Limited
Basic Financial Services operates one associated brand: BasicFin. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers asset management services to clients. | basicfin.com |
Employees and EPFO Compliance at Basic Financial Services Private Limited
Employment history and EPFO contributions of people linked to Basic Financial Services.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Basic Financial Services Private Limited
Basic Financial Services Private Limited has 3 board changes on record since 1994: 3 appointments. The latest: Gauri Nikhil Mehta was appointed as Director on 16 Sep 2024.
Credit Ratings, Litigation & Regulatory Alerts for Basic Financial Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Basic Financial Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Basic Financial Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Basic Financial Services Private Limited
Basic Financial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCB7868H1ZC | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Basic Financial Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Basic Financial Services Private Limited
Basic Financial Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in general insurance providers, within the financial services industry. It was incorporated on 26 September 1994 (32+ years old) and is registered under CIN U67120MH1994PTC081468.
Basic Financial Services reported revenue of ₹3.32 Cr for FY 2025 (up 35% YoY).
Basic Financial Services has 3 current directors:
- Nikhil Jaysukhlal Mehta - Director
- Gauri Nikhil Mehta - Director
- Jyoti Nikhil Mehta - Director
Basic Financial Services reported a net profit of ₹1.09 Cr (net margin 32.9%) and EBITDA of ₹1.23 Cr (EBITDA margin 37.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Basic Financial Services is 14% over three years and 16% over five years. In the latest year (FY 2025) revenue rose 35%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Basic Financial Services is 27AABCB7868H1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Basic Financial Services is U67120MH1994PTC081468. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Basic Financial Services was incorporated on 26 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Basic Financial Services by revenue are V B Desai Financial Services Ltd, Winrich Professional Services Private Limited, Nand Infradevelopers Private Limited, Matsyodari Investment & Holdings Private Limited, Tata Trustee Company Private Limited and 5 more, all in the BFSI industry (General Insurance, Other Financial Services).
Gauri Nikhil Mehta was appointed as Director on 16 Sep 2024. Jyoti Nikhil Mehta was appointed as Director on 26 Sep 1994. Nikhil Jaysukhlal Mehta was appointed as Director on 26 Sep 1994.
Basic Financial Services can be reached through the website basicfin.com. Its registered office is in Mumbai, Maharashtra, India.