About Cifco Limited
Data last updated:
Cifco Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 03 September 1973 and has been in existence for over 53 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1973PLC016796. Its GSTIN is 27AAACC1766G1ZT (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Champaklal Investment & Financial Consultancy Limited. It is led by directors including Bhupendra Champaklal Dalal and Asim Bhupendra Dalal.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at G – 1 Ground Floor Nirmal'S Nest Vayu Devta Mandir Complex Borivali West, Mumbai, Maharashtra, India – 400103.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.39 Lakh, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹1.17 Cr and EBITDA of -₹93.74 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 35% over five years.
As per MCA filings, the company has open charges of ₹58 Lakh on record. Court records list 49 cases involving the company, including 27 filed by the company and 19 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cifco.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressG – 1 Ground Floor Nirmal'S Nest Vayu Devta Mandir Complex Borivali West, Mumbai, Maharashtra, India – 400103
- IndustryFinancial Services, 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 Cifco Limited
The main business activity of Cifco is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | 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 Cifco Limited FY 2025 filings available
Cifco Limited reported revenue of ₹5.39 Lakh (down 88% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Cifco Limited
Revenue has declined at a compounded annual rate (CAGR) of 35% over five years, including a 88% fall in the latest year. EBITDA fell 195% 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 Cifco 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 | -₹93.74 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.17 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 Cifco Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Cifco 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 Cifco Limited
Cifco Limited is compared with the companies closest to it by revenue in the BFSI industry (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 |
|---|---|---|---|---|---|---|
| Sulekha Dutta Leasing Private Limited | ₹5.4 Lakh (FY 2017) | •••• | •••• | 6.0% | •••• | 24 Parganas, West Bengal, India |
| Mercurial Corporate Private Limited | ₹5.4 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Shuveta Leasing and Finance Private Ltd | ₹5.4 Lakh (FY 2022) | •••• | •••• | 13475.0% | •••• | Delhi, India |
| Pil Enterprise Private Limited | ₹5.4 Lakh (FY 2024) | •••• | •••• | -58.0% | •••• | Mumbai, Maharashtra, India |
| Ramsisaria Properties Private Limited | ₹5.4 Lakh (FY 2025) | •••• | •••• | -58.0% | •••• | Bangalore, Karnataka, India |
| Cifco Limited this company | ₹5.39 Lakh (FY 2025) | •••• | •••• | -88.0% | •••• | Mumbai, Maharashtra, India |
| Sanskriti Trade-Link Private Limited | ₹5.39 Lakh (FY 2025) | •••• | •••• | 6.0% | •••• | Kolkata, West Bengal, India |
| Prismone Finserv Management Private Limited | ₹5.38 Lakh (FY 2022) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Snowfall Vinimay Private Limited | ₹5.38 Lakh (FY 2025) | •••• | •••• | -50.0% | •••• | Kolkata, West Bengal, India |
| Infinite Wealth Management Private Limited | ₹5.38 Lakh (FY 2017) | •••• | •••• | -14.0% | •••• | Howrah, West Bengal, India |
| Classic Advisory Private Limited | ₹5.38 Lakh (FY 2025) | •••• | •••• | -75.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Cifco by revenue in the BFSI industry (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 Cifco Limited
Cifco Limited is audited by M D PANDYA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M D PANDYA & ASSOCIATES | 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 Cifco Limited
Cifco has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhupendra Champaklal Dalal Also directs: Foods and Inns Limited, Fni Spices Private Limited, Milan Investments Private Limited and 2 more | Director | 18 Aug 2009 | 17 Years 1 Months | Current |
| Asim Bhupendra Dalal Also directs: Western Press Private Limited, Elephant Company Retail Private Limited, Asda Trading Company Private Limited and 2 more | Director | 10 Nov 1995 | 30 Years 10 Months | Current |
| Milan Bhupendra Dalal Also directs: Foods and Inns Limited, Fni Spices Private Limited, Muller and Phipps (India) Limited and 5 more | Director | 08 Nov 1990 | 35 Years 11 Months | Current |
Ownership and Shareholding of Cifco 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 Cifco Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Feb 1996 | Kotak Mahindra Finance Ltd. | ₹58 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Cifco Limited
Cifco Limited has 49 court cases on record: 27 filed by Cifco, 19 filed against it, 3 where it is another party. 4 cases are pending and 45 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 39 | 15 | 3 |
| District courts | 10 | 4 | 1 |
Cases on record (5 of 49)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (NMCD) | Filed by the company against an individual | Pending |
| District court, New Delhi, Delhi | Civil suit | Filed against the company by an individual | Pending |
| Bombay High Court | Tax appeal | Filed by the company against Income Tax Officer Ward-3(1)(3) | Pending |
| Bombay High Court | Tax appeal | Filed by the company against Dy. Commissioner of Income Tax (Osd II) Central Range 7, Mumbai | Pending |
| District court, New Delhi, Delhi | Execution petition | Filed against the company by an individual | Disposed |
Full case history
All 49 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Cifco Limited
Employment history and EPFO contributions of people linked to Cifco.
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 Cifco Limited
Cifco Limited has 6 board changes on record since 1990: 3 appointments and 3 cessations. The latest: Devdut Milan Dalal ceased to be Additional Director on 30 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Cifco 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 Cifco 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 Cifco 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 Cifco Limited
Cifco has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC1766G1ZT | Maharashtra | Active | 01 Jul 2017 |
| 07AAACC1766G1ZV | Delhi | Active | 15 Aug 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 Cifco 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 Cifco Limited
Cifco is an active public limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 03 September 1973 (53+ years old) and is registered under CIN U65990MH1973PLC016796.
Cifco reported revenue of ₹5.39 Lakh for FY 2025 (down 88% YoY).
Cifco has 3 current directors:
- Bhupendra Champaklal Dalal - Director
- Asim Bhupendra Dalal - Director
- Milan Bhupendra Dalal - Director
Cifco reported a net loss of ₹1.17 Cr and EBITDA of -₹93.74 Lakh for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Cifco is -50% over three years and -35% over five years. In the latest year (FY 2025) revenue fell 88%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Cifco is 27AAACC1766G1ZT, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AAACC1766G1ZV (Delhi).
The CIN (Corporate Identification Number) of Cifco is U65990MH1973PLC016796. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cifco has 49 court cases on record: 27 filed by the company and 19 filed against it. 4 are pending. Most are in the high courts.
Cifco was incorporated on 03 September 1973, making it 53+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Cifco by revenue are Sulekha Dutta Leasing Private Limited, Mercurial Corporate Private Limited, Shuveta Leasing and Finance Private Ltd, Pil Enterprise Private Limited, Ramsisaria Properties Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Devdut Milan Dalal ceased to be Additional Director on 30 Sep 2019. Bhupendra Champaklal Dalal ceased to be Additional Director on 30 Sep 2009. Bhupendra Champaklal Dalal was appointed as Director on 18 Aug 2009. Cifco has 6 board changes on record in total.