About
Basic Data Updated:
1 month agoFounded in 1991, Canbank Factors Limited (CFL) is a leading NBFC (Non-Banking Financial Company) that specializes in providing factoring services. These services include domestic factoring and invoice discounting, which help businesses manage their cash flow and improve their working capital. CFL operates under the regulatory norms of the Reserve Bank of India, ensuring that all its operations are in compliance with the highest standards. With its headquarters in Bangalore, Karnataka, CFL has established a strong presence across India with branches in major cities such as Hyderabad, Hosur, Pune, Chennai, Coimbatore, Mumbai, New Delhi, Ludhiana, Ahmedabad, Indore, Chandigarh, and Bhubaneswar. This widespread network allows CFL to cater to the diverse financial needs of businesses in different regions. As a part of Canara Bank, one of the largest public sector banks in India, CFL has a strong financial backing and a wealth of experience in the banking and financial sector. This enables the company to provide reliable and efficient factoring services to its clients, helping them grow and succeed in their respective industries. CFL's commitment to excellence and customer satisfaction has earned it a reputation as a trusted and dependable partner for businesses seeking financial solutions.
Industry
Company Details
- Location
Bangalore, Karnataka, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
| CIN/LLPIN/FCRN | U85110KA1991PLC011960 |
| Company No. | 011960 |
| Company Classification | Public Limited Indian Non-Government Company |
| Incorporation Date | 10 May 1991 |
| Date of AGM | 17 Jun 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Unlisted |
| ROC Code | Roc Bangalore |
Financials of Canbank Factors Limited
Canbank Factors Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 38.6% decrease. The company also saw a substantial improvement in profitability, with a 171.2% increase in profit. The company's net worth moved up by a moderate rise of 4.14%.
Corporate Structure
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People in Canbank Factors Limited
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Executive Team (2)
RS
Rajib Sahoo
Managing DirectorAppointment Date: 01-Feb-2021
Status: Current
HV
Helen Victor Company SecretaryAppointment Date: 01-Aug-2023
Status: Current
Board Members(6)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Canara Bank Creation Date: 18 Sep 1995 | ₹480.00 Cr | Open |
Canara Bank Creation Date: 18 Sep 1995 | ₹15.75 Cr | Satisfied |
Canara Bank Creation Date: 02 Jan 1995 | ₹10.00 Cr | Satisfied |
Deals i
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Rating
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Alert
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Active
3 years 8 months Basant Seth is a mutual person
Recent activity within the organization
Annual General Meeting
Canbank Factors Limited last Annual general meeting of members was held on 17 Jun 2023 as per latest MCA records.
17 Jun 2023Balance Sheet
Canbank Factors Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
31 Mar 2023Charges
A charge registered on 29 Mar 1994 via Charge ID 90193801 with Corporation Bank was fully satisfied on 10 Mar 2023.
10 Mar 2023Director Appointment
Ravi Chatterjee was appointed as a Director was appointed as a Director on 21 Sep 2022 & has been associated with this company since 1 year 8 months .
21 Sep 2022Director Appointment
Gyana Ranjan Sarangi was appointed as a Nominee Director was appointed as a Nominee Director on 17 Jan 2022 & has been associated with this company since 2 years 4 months .
17 Jan 2022
Recent News, Updates & Announcement
Canara Bank seeks bids for 70 stake sale in factoring service arm.Deal Street Asia 15 Sep 2017
Frequently asked questions
What is the Incorporation or founding date of Canbank Factors Limited?
