About Candid Resources Limited
Data last updated:
Candid Resources Limited is a public limited company based in New Delhi, Delhi, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 23 November 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140DL2005PLC142848. Its GSTIN is 07AACCC7103K1ZT (Delhi).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹40 Lakh. It was formerly known as Candid Resources Private Limited and Candid Wealth Management Private Limited. It is led by directors including Mukesh Kumar Agarwal and Soumya Kanta Padhi.
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 Suite No.2 Ground Floor, Plot No.23 Block – 127 Hanuman Road, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.22 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹19.79 Lakh (net margin 16.2%) and EBITDA of ₹26.46 Lakh (EBITDA margin 21.7%). Revenue has grown at a compounded annual rate (CAGR) of 104% over three years and 84% over five years.
Court records list 11 cases involving the company, including 6 filed by the company and 5 filed against it; 5 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹1.13 Cr; the latest was in April 2016.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website candidlex.com.
Company details
Name history
Candid Resources has undergone 2 name changes throughout its history. The company was previously known as Candid Resources Private Limited, and Candid Wealth Management Private Limited. The current legal name is Candid Resources Limited.
| Company Name | Status |
|---|---|
| Candid Resources Limited | Current |
| Candid Resources Private Limited | Previous |
| Candid Wealth Management Private Limited | Previous |
CIN history
Candid Resources has one previous CIN (Corporate Identification Number): U74140DL2005PTC142848. The current CIN is U74140DL2005PLC142848, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140DL2005PLC142848 | Current |
| U74140DL2005PTC142848 | Previous |
Contact details
Candid Resources Limited's registered office is in New Delhi, Delhi. Its website is candidlex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSuite No.2 Ground Floor, Plot No.23 Block – 127 Hanuman Road, New Delhi, Delhi, India – 110001
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Candid Resources 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 Candid Resources is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Candid Resources Limited, buy the company report.
Financials of Candid Resources Limited
FY 2024 filings availableCandid Resources Limited reported revenue of ₹1.22 Cr (down 14% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 84%. EBITDA rose 293% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹26.46 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.79 Lakh | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.7% | ||||
| Net Profit Margin | 16.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Candid Resources Limited, buy the company report.
Board of directors of Candid Resources Limited
Candid Resources has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Kumar Agarwal Also directs: Jainex Finance Limited | Director | 10 Apr 2020 | 6 Years 7 Months | Current |
| Soumya Kanta Padhi Also directs: Rcindo Infotech Private Limited, Indorient Financial Services Limited, Urjja Advisors & Consultants LLP and 4 more | Director | 23 Mar 2020 | 6 Years 7 Months | Current |
| Dinesh Kumar Agrawal Also directs: Signature Vardan Wealth Partners LLP, Indorient Enterprises LLP, Peyuh Global LLP and 5 more | Director | 25 Aug 2017 | 9 Years 2 Months | Current |
Auditor
Candid Resources Limited is audited by R C AGARWAL & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R C AGARWAL & CO | FY 2020 | 003175N |
Shareholding
The shareholding of Candid Resources Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Candid Resources Limited, buy the company report.
Deals & funding
Candid Resources Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹1.13 Cr; the latest was in April 2016.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: H L Petro Products Private Limited , Amba Alloys Private Limited , SPD Electronics Private Limited |
| Nov 2006 | Funding round | ₹1.13 Cr | Investors: S.S.Buildmart Private Limited, Amba Alloys Private Limited , Edynamics Solutions Limited. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Candid Resources Limited has 11 court cases on record: 6 filed by Candid Resources, 5 filed against it. 5 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 6 | 4 | 5 |
| District courts | 4 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Committee of Creditors of Hythro Power Corporation Limited | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against Mahesh Agarwal Liquidator of Hythro Power Corporation Limited & Ors and 10 others | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against Northern Arc Capital Limited and 4 others | Disposed |
| District court, East, Delhi | Criminal case | Filed by the company against Tempo Appliances Private Ltd | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Committee of Creditors of Hythro Power Corporation Limited | Pending |
To see the full case history of Candid Resources 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 Candid Resources Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Candid Resources has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCC7103K1ZT | Delhi | Active | 17 Jul 2018 |
To see the full GST registrations and return filing status of Candid Resources Limited, buy the company report.
Recent activity
Candid Resources Limited has 12 board changes on record since 2011: 3 appointments and 9 cessations. The latest: Mukesh Kumar Agarwal ceased to be Additional Director on 31 Dec 2020.
3 earlier events are in the company report.
Frequently asked questions
Candid Resources is an active public limited company based in New Delhi, Delhi, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 23 November 2005 (21+ years old) and is registered under CIN U74140DL2005PLC142848.
Candid Resources has 3 current directors:
- Mukesh Kumar Agarwal - Director
- Soumya Kanta Padhi - Director
- Dinesh Kumar Agrawal - Director
The latest financial statements of Candid Resources on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Candid Resources is 07AACCC7103K1ZT, registered in Delhi.
The CIN (Corporate Identification Number) of Candid Resources is U74140DL2005PLC142848. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Candid Resources has 11 court cases on record: 6 filed by the company and 5 filed against it. 5 are pending. Most are in the nclat.
Candid Resources was incorporated on 23 November 2005, making it 21+ years old. It is registered with the Registrar of Companies, Delhi.
Candid Resources has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹1.13 Cr; the latest was in April 2016.
Mukesh Kumar Agarwal ceased to be Additional Director on 31 Dec 2020. Soumya Kanta Padhi ceased to be Additional Director on 31 Dec 2020. Mukesh Kumar Agarwal was appointed as Director on 10 Apr 2020. Candid Resources has 12 board changes on record in total.
Candid Resources can be reached through the website candidlex.com. Its registered office is in New Delhi, Delhi, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
