Challenge Advisors Private Limited
About Challenge Advisors Private Limited
Data last updated:
Challenge Advisors Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Challenge Consultancy Services Private Limited. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the fund segment of the financial services sector. It was incorporated on 07 February 1995.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U93000MH1995PTC085309. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1.3 Cr and a paid-up capital of ₹1.13 Cr. It was led by directors Pankaj Haridas Bathiya and Sheetal Shailesh Bathiya.
Its last annual general meeting (AGM) was held on 04 August 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 8 – B Shyam Bhuvan Ground Floor Mathuradas Road Devji Bhimji Lane Kandivali – West, Mumbai, Maharashtra, India – 400067.
As per the financials filed for FY 2016, the company reported a revenue of ₹16.45 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.34 Lakh (net margin -8.1%) and EBITDA of ₹1.82 Lakh (EBITDA margin 11.1%).
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- Registered Address8 – B Shyam Bhuvan Ground Floor Mathuradas Road Devji Bhimji Lane Kandivali – West, Mumbai, Maharashtra, India – 400067
- IndustryFinancial Services, Fund, Other Financial Holding, Trust
- 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 Challenge Advisors Private Limited
The main business activities of Challenge Advisors are professional, scientific and technical and financial and insurance service. In detail, this covers accounting, book keeping and auditing activities, tax consultancy and activities by trusts, funds and other financial holding companies. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy | Locked |
| K | Financial and insurance Service | K2 | Activities by Trusts, funds and other financial holding companies | 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 Challenge Advisors Private Limited FY 2016 filings available
Challenge Advisors Private Limited reported revenue of ₹16.45 Lakh (up 181% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR) of Challenge Advisors Private Limited
Revenue rose 181% in the latest year. EBITDA fell 38% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Challenge Advisors Private Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| 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 | ₹1.82 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹1.34 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 of Challenge Advisors Private Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 11.1% | •••• |
| Net Profit Margin | -8.1% | •••• |
| 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 Challenge Advisors 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 Challenge Advisors Private Limited
Challenge Advisors Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting 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 |
|---|---|---|---|---|---|---|
| Shendra Advisory Services Private Limited | ₹16.46 Lakh (FY 2021) | •••• | •••• | -40.0% | •••• | Mumbai, Maharashtra, India |
| Zinc Financial Advisors Private Limited | ₹16.46 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Propmo Services Private Limited | ₹16.46 Lakh (FY 2024) | •••• | •••• | -59.0% | •••• | Pune, Maharashtra, India |
| Meticulous Fiscal Private Limited | ₹16.45 Lakh (FY 2025) | •••• | •••• | 94.0% | •••• | Thane, Maharashtra, India |
| Aaibuzz India Private Limited | ₹16.45 Lakh (FY 2024) | •••• | •••• | 5.0% | •••• | Navi Mumbai, Maharashtra, India |
| Challenge Advisors Private Limited this company | ₹16.45 Lakh (FY 2016) | •••• | •••• | 181.0% | •••• | Mumbai, Maharashtra, India |
| Indicium Certification Private Limited | ₹16.45 Lakh (FY 2025) | •••• | •••• | 186.0% | •••• | New Delhi, Delhi, India |
| Nihil Ultra Vyapaar Private Limited | ₹16.45 Lakh (FY 2025) | •••• | •••• | 6.0% | •••• | Kolkata, West Bengal, India |
| Planout Group Private Limited | ₹16.45 Lakh (FY 2025) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Day Marry Advisory Private Limited | ₹16.44 Lakh (FY 2025) | •••• | •••• | 20.0% | •••• | Faridabad, Haryana, India |
| KSH Consultant Private Limited | ₹16.44 Lakh (FY 2025) | •••• | •••• | 20.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Challenge Advisors by revenue in the Outsourcing industry (Consulting Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Challenge Advisors Private Limited
Challenge Advisors has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Haridas Bathiya Also directs: Bathiya Legal LLP, Bathiya Restructuring Services Private Limited | Director | 07 Feb 1995 | 31 Years 8 Months | As last reported |
| Sheetal Shailesh Bathiya | Director | 03 Sep 2015 | 11 Years 1 Months | As last reported |
Charges & Borrowings of Challenge Advisors Private Limited
Challenge Advisors Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Challenge Advisors Private Limited
Employment history and EPFO contributions of people linked to Challenge Advisors.
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.
CIN History of Challenge Advisors Private Limited
Challenge Advisors has one previous CIN (Corporate Identification Number): U67120MH1995PTC085309. The current CIN is U93000MH1995PTC085309, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93000MH1995PTC085309 | Current |
| U67120MH1995PTC085309 | Previous |
Recent Activity on Challenge Advisors Private Limited
Challenge Advisors Private Limited has 4 board changes on record since 1995: 2 appointments and 2 cessations. The latest: Sheetal Shailesh Bathiya ceased to be Additional Director on 30 Sep 2015.
Credit Ratings, Litigation & Regulatory Alerts for Challenge Advisors 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 Challenge Advisors 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 Challenge Advisors 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 Challenge Advisors Private Limited
Challenge Advisors has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Challenge Advisors 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 Challenge Advisors Private Limited
Challenge Advisors has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Challenge Advisors was a private limited company based in Mumbai, Maharashtra, India. The company worked in fund, within the financial services industry. It was incorporated on 07 February 1995 and is registered under CIN U93000MH1995PTC085309. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Challenge Advisors is U93000MH1995PTC085309. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Challenge Advisors had 2 directors:
- Pankaj Haridas Bathiya - Director
- Sheetal Shailesh Bathiya - Director
Challenge Advisors was incorporated on 07 February 1995. It is registered with the Registrar of Companies, Mumbai.
The registered office of Challenge Advisors is at 8 – B Shyam Bhuvan Ground Floor Mathuradas Road Devji Bhimji Lane Kandivali – West, Mumbai, Maharashtra, India – 400067.
Challenge Advisors reported revenue of ₹16.45 Lakh for FY 2016 (up 181% YoY).
Challenge Advisors has an authorised share capital of ₹1.3 Cr and a paid-up capital of ₹1.13 Cr.
Challenge Advisors reported a net loss of ₹1.34 Lakh (net margin -8.1%) and EBITDA of ₹1.82 Lakh (EBITDA margin 11.1%) for FY 2016, as per its filed financial statements.
No. Challenge Advisors has 1 GST registration on record and it is cancelled or inactive.
Challenge Advisors operated in the financial services industry, in the fund segment.