Chandresh Finance Limited
About Chandresh Finance Limited
Data last updated:
Chandresh Finance Limited was a public limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 29 September 1995.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U20131GJ1995PLC027662. Its GSTIN is 24AABCC6726H1ZU (Gujarat).
The company had an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.05 Cr. It was led by directors including Abhivandan Chandresh Lodha and Abhishek Jain.
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 was at Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.34 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹1.28 Cr (net margin 7.4%) and EBITDA of ₹1.81 Cr (EBITDA margin 10.5%). Revenue has grown at a compounded annual rate (CAGR) of 99% over three years and 78% over five years.
As per MCA filings, the company had satisfied charges of ₹6.25 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending.
Company details
CIN history
Chandresh Finance has one previous CIN (Corporate Identification Number): U65910GJ1995PLC027662. The current CIN is U20131GJ1995PLC027662, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U20131GJ1995PLC027662 | Current |
| U65910GJ1995PLC027662 | Previous |
Contact details
Chandresh Finance Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1st Floor C/1 Shayona Colden Estate Shayona Estate Maheshwari Mill Compound Shahib, Aug, Ahmedabad, Gujarat, India – 380004
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Chandresh Finance 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 Chandresh Finance is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Chandresh Finance Limited, buy the company report.
Financials of Chandresh Finance Limited
FY 2024 filings availableChandresh Finance Limited reported revenue of ₹17.34 Cr (up 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 78% over five years, including 18% growth in the latest year. EBITDA rose 127% 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 |
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| EBITDA | ₹1.81 Cr | ||||
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| Net Profit (PAT) | ₹1.28 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.5% | ||||
| Net Profit Margin | 7.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Chandresh Finance Limited, buy the company report.
Board of directors of Chandresh Finance Limited
Chandresh Finance has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhivandan Chandresh Lodha | Director | 07 Mar 2012 | 14 Years 8 Months | As last reported |
| Abhishek Jain | Director | 21 Jan 2013 | 13 Years 9 Months | As last reported |
| Anil Khimraj Jain Also directs: Avocab India Private Limited, Chandresh Cables Limited, Aneka Fabtex Private Limited and 1 more | Director | 07 Mar 2012 | 14 Years 8 Months | As last reported |
| Ankit Chandreshji Lodha Also directs: Chandresh Cables Limited, Aneka Fabtex Private Limited, Rataan Fab Tex Private Limited and 1 more | Director | 21 Jan 2013 | 13 Years 9 Months | As last reported |
Auditor
Chandresh Finance Limited is audited by mehta lodha and co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| mehta lodha and co | FY 2022 | 034363 |
Shareholding
The shareholding of Chandresh Finance Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Chandresh Finance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jan 2013 | 10403277 | Dena Bank | ₹6.25 Cr | Satisfied |
To see the full charge records of Chandresh Finance Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Chandresh Finance Limited has 2 court cases on record: 1 filed by Chandresh Finance, 1 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by individuals | Pending |
| NCLT, Ahmedabad | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Chandresh Finance 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 Chandresh Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Chandresh Finance has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCC6726H1ZU | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Chandresh Finance Limited, buy the company report.
Recent activity
Chandresh Finance Limited has 8 board changes on record since 2012: 4 appointments and 4 cessations. The latest: Rajendra Khimraj Jain ceased to be Director on 26 Mar 2021.
2 earlier events are in the company report.
Frequently asked questions
Chandresh Finance has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Chandresh Finance was a public limited company based in Ahmedabad, Gujarat, India. The company worked in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 29 September 1995 and is registered under CIN U20131GJ1995PLC027662. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Chandresh Finance was incorporated on 29 September 1995. It is registered with the Registrar of Companies, Ahmedabad.
Chandresh Finance had 4 directors:
- Abhivandan Chandresh Lodha - Director
- Abhishek Jain - Director
- Anil Khimraj Jain - Director
- Ankit Chandreshji Lodha - Director
The CIN (Corporate Identification Number) of Chandresh Finance is U20131GJ1995PLC027662. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Chandresh Finance is at 1st Floor C1 Shayona Colden Estate Shayona Estate Maheshwari Mill Compound Shahib, Aug, Ahmedabad, Gujarat, India – 380004.
The latest financial statements of Chandresh Finance 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 Chandresh Finance is 24AABCC6726H1ZU, registered in Gujarat.
Chandresh Finance operated in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
Chandresh Finance has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the nclt.
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