About Clarion Fintech Private Limited
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Clarion Fintech Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 30 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74110GJ2007PTC051252. Its GSTIN is 24AADCV2956L1Z0 (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Chesa Financial Advisors Private Limited and Chesa Financial Services Private Limited. It is led by directors including Shalvi Maharshee Munshaw and Mahir Chintan Shah.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.5 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹73.4 Lakh (net margin -473.6%) and EBITDA of -₹73.37 Lakh (EBITDA margin -473.4%).
The company has about 6 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veritasfintech.com.
Company details
Name history
Clarion Fintech has undergone 3 name changes throughout its history. The company was previously known as Chesa Financial Advisors Private Limited, Chesa Financial Services Private Limited, and Veritas Holding Services Private Limited. The current legal name is Clarion Fintech Private Limited.
| Company Name | Status |
|---|---|
| Clarion Fintech Private Limited | Current |
| Chesa Financial Advisors Private Limited | Previous |
| Chesa Financial Services Private Limited | Previous |
| Veritas Holding Services Private Limited | Previous |
CIN history
Clarion Fintech has one previous CIN (Corporate Identification Number): U67120GJ2007PTC051252. The current CIN is U74110GJ2007PTC051252, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110GJ2007PTC051252 | Current |
| U67120GJ2007PTC051252 | Previous |
Contact details
Clarion Fintech Private Limited's registered office is in Ahmedabad, Gujarat. Its website is veritasfintech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered Address905 Colonnade – II, Behind – Rajpath Club, Ahmedabad, Gujarat, India – 380054
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Clarion Fintech Private 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 Clarion Fintech 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 Clarion Fintech Private Limited, buy the company report.
Financials of Clarion Fintech Private Limited
FY 2024 filings availableClarion Fintech Private Limited reported revenue of ₹15.5 Lakh (up 1577% YoY) for FY 2024.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹73.37 Lakh | ||||
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| Net Profit (PAT) | -₹73.4 Lakh | ||||
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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 | -473.4% | ||||
| Net Profit Margin | -473.6% | ||||
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To see the full financial statements and ratios of Clarion Fintech Private Limited, buy the company report.
Board of directors of Clarion Fintech Private Limited
Clarion Fintech has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shalvi Maharshee Munshaw Also directs: Clarion Insurance Broking Services Private Limited | Director | 14 Nov 2022 | 3 Years 11 Months | Current |
| Mahir Chintan Shah Also directs: Provenance Technologies Private Limited, Clarion Insurance Broking Services Private Limited, Stratosphere Solutions LLP and 1 more | Director | 14 Nov 2022 | 3 Years 11 Months | Current |
| Maharshee Madhukarbhai Munshaw | Director | 30 Jun 2007 | 19 Years 4 Months | Current |
| Chintan Suketu Shah | Director | 30 Jun 2007 | 19 Years 4 Months | Current |
Auditor
Clarion Fintech Private Limited is audited by Talati & Talati LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Talati & Talati LLP | FY 2023 | 110758W/W100377 |
Shareholding
The shareholding of Clarion Fintech Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Clarion Fintech Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Clarion Fintech Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Clarion Fintech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Clarion Fintech Private Limited has a workforce of 6 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 6 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 |
To see the full employee and EPFO history of Clarion Fintech Private Limited, buy the company report.
GST
Clarion Fintech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCV2956L1Z0 | Gujarat | Active | 31 Aug 2023 |
To see the full GST registrations and return filing status of Clarion Fintech Private Limited, buy the company report.
Recent activity
Clarion Fintech Private Limited has 6 board changes on record since 2007: 4 appointments and 2 cessations. The latest: Mahir Chintan Shah ceased to be Additional Director on 29 Sep 2023.
Frequently asked questions
Clarion Fintech is an active private limited company based in Ahmedabad, Gujarat, India. The company works in insurance brokerage and advisory, within the financial services industry. It was incorporated on 30 June 2007 (19+ years old) and is registered under CIN U74110GJ2007PTC051252.
Clarion Fintech has 4 current directors:
- Shalvi Maharshee Munshaw - Director
- Mahir Chintan Shah - Director
- Maharshee Madhukarbhai Munshaw - Director
- Chintan Suketu Shah - Director
The latest financial statements of Clarion Fintech 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 Clarion Fintech is 24AADCV2956L1Z0, registered in Gujarat.
The CIN (Corporate Identification Number) of Clarion Fintech is U74110GJ2007PTC051252. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clarion Fintech was incorporated on 30 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mahir Chintan Shah ceased to be Additional Director on 29 Sep 2023. Shalvi Maharshee Munshaw ceased to be Additional Director on 29 Sep 2023. Mahir Chintan Shah was appointed as Director on 14 Nov 2022. Clarion Fintech has 6 board changes on record in total.
Clarion Fintech can be reached through the website veritasfintech.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Clarion Fintech is at 905 Colonnade – II, Behind – Rajpath Club, Ahmedabad, Gujarat, India – 380054.
Clarion Fintech operates in the financial services industry, in the insurance brokerage and advisory segment.
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