Covet Financial Services Private Limited - Company Profile

It is a financial services private limited company based in New Delhi, Delhi, India, established in 1994.
1994 New Delhi, Delhi, India Active
Last Updated:
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About Covet Financial Services Private Limited

Covet Financial Services Private Limited, a active private limited company, was established on 16 February 1994 in New Delhi, Delhi, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: U74899DL1994PTC057439. Registered under ROC Roc Delhi. it is unlisted. It has an authorized capital of ₹4.92 Cr and a paid-up capital of ₹4.82 Cr.

Formerly known as Raahul Financial Services Private Limited. It upholds a compliant status. Its leadership includes Manoj Kumar Faujdar (Director), Sonia Sharma (Director). Past directors included Rakesh Kumar Aggarwal, Manoj Kumar Faujdar, Sonia Sharma. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Plot Unit No. 15, Pkt-B, Space No. S-2, S/F Sachdeva Arcade, Mayur Vihar Phase-2, New Delhi, Delhi, 110091.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U74899DL1994PTC057439

  • Registration Number

    057439

  • Incorporation Date

    16 February 1994

  • Authorized Capital

    ₹4.92 Cr

  • Paid-Up Capital

    ₹4.82 Cr

  • ROC Code

    Roc Delhi

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 4.92 Cr
  • Paid Up Capital ₹ 4.82 Cr
  • Company Age 32 Year, 17 Days
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth **** 10051.11%
  • Profit Growth **** 10219.06%
  • Ebitda **** 25277.00%
  • Net Worth 10007.19%
  • Total Assets **** 9909.83%
Company report

Covet Financial Services Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Covet Financial Services Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Covet Financial Services Private Limited?
Current Directors
Name Designation Appointment Date Status
Manoj Kumar Faujdar Director 09 Mar 2021 Current
Sonia Sharma Director 06 Feb 2018 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 14 Jan 2016 Past
Pramod Abcsdd Additional Director 30 Nov 2021 Past
Pramod Abcsdd Additional Director 29 Sep 2018 Past
Pramod Abcsdd Director 12 Mar 2021 Past
Pramod Abcsdd Director 21 Dec 2018 Past

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Financial Performance of Covet Financial Services.

Covet Financial Services Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 10051.11% increase. The company also saw a substantial improvement in profitability, with a 10219.06% increase in profit. The company's net worth Soared by an impressive increase of 10007.19%.

Covet Financial Services revenue growth over time
Covet Financial Services profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 10051.11%
*******
*******
*******
*******
Revenue from Operations
*******
 10614.43%
*******
*******
*******
*******
Total Assets
*******
 9909.83%
*******
*******
*******
*******
Profit or Loss
*******
 10219.06%
*******
*******
*******
*******
Net Worth
*******
 10007.19%
*******
*******
*******
*******
EBITDA
*******
 25277.00%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Covet Financial Services?

In 2023, Covet Financial Services had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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How Many Employees Work at Covet Financial Services?

Unlock and access historical data on people associated with Covet Financial Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Covet Financial Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Covet Financial Services's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Covet Financial Services
Recent Activity within the Organization
  • Annual General Meeting

    Covet Financial Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    The activity Covet Financial Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi. was completed.

  • Director Appointment

    Progress on Manoj Kumar Faujdar was appointed as a Director was appointed as a Director on 09 Mar 2021 & has been associated with this company since 4 years 11 months . was documented.

  • Director Appointment

    Sonia Sharma was appointed as a Director was appointed as a Director on 06 Feb 2018 & has been associated with this company since 8 years 27 days . was recorded as a recent event.

  • Company Incorporation

    Covet Financial Services Private Limited was registered on 16 Feb 1994 with Roc Delhi & aged 32 years 17 days as per MCA records. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Covet Financial Services Private Limited?

The CIN of Covet Financial Services Private Limited is U74899DL1994PTC057439.

Where is Covet Financial Services Private Limited headquartered?

Covet Financial Services Private Limited is headquartered at Plot Unit No. 15, Pkt-B, Space No. S-2, S/F Sachdeva Arcade, Mayur Vihar Phase-2, New Delhi, Delhi, 110091.

When was Covet Financial Services Private Limited incorporated?

Covet Financial Services Private Limited was incorporated on 16 February 1994.

Who are the current directors of Covet Financial Services Private Limited?

The current directors of Covet Financial Services Private Limited are

What is the primary industry of Covet Financial Services Private Limited?

The primary industry of Covet Financial Services Private Limited is Financial And Insurance Service.

Is Covet Financial Services Private Limited a listed company?

Covet Financial Services Private Limited is unlisted.

What is the capital structure of Covet Financial Services Private Limited?

The authorized capital of Covet Financial Services Private Limited is ₹4.92 Cr, and the paid-up capital is ₹4.82 Cr.

What is the compliance status of Covet Financial Services Private Limited?

The compliance status of Covet Financial Services Private Limited is Compliant.

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