About Destimoney India Services Private Limited
Data last updated:
Destimoney India Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Destimoney Enterprises Limited, Mauritius. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 18 March 2005.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2005PTC152063. Its GSTIN is 27AACCD1326K1ZT (Maharashtra). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹65 Cr and a paid-up capital of ₹31.39 Cr. It is led by directors Arvind Malhan and Vivek Anilchand Sett.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 2nd And 3rd Floor Birla Centurian Pandurang Budhkar Marg Worli, Mumbai, Maharashtra, India – 400030.
As per the financials filed for FY 2020, the company reported a revenue of ₹38.08 Lakh, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹12.37 Lakh (net margin 32.5%) and EBITDA of ₹12.37 Lakh (EBITDA margin 32.5%).
As per MCA filings, the company has satisfied charges of ₹16.58 Cr on record. Court records list 12 cases involving the company, including 3 filed by the company and 9 filed against it; 2 cases are pending.
The last known website on record is destimoneyadvisors.com.
Company details
Contact details
Destimoney India Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is destimoneyadvisors.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2nd And 3rd Floor Birla Centurian Pandurang Budhkar Marg Worli, Mumbai, Maharashtra, India – 400030
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Destimoney India Services 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
Financials of Destimoney India Services Private Limited
FY 2020 filings availableDestimoney India Services Private Limited reported revenue of ₹38.08 Lakh (down 27% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 27% in the latest year. EBITDA rose 426% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹38.08 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.37 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.37 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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.5% | ||||
| Net Profit Margin | 32.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of Destimoney India Services Private Limited, buy the company report.
Board of directors of Destimoney India Services Private Limited
Destimoney India Services has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arvind Malhan | Additional Director | 18 Mar 2019 | 7 Years 7 Months | As last reported |
| Vivek Anilchand Sett Also directs: Allied Blenders and Distillers Limited, 9X Telefilms Private Limited, Vasudev Adigas Fastfood Private Limited and 1 more | Nominee Director | 02 Feb 2015 | 11 Years 9 Months | As last reported |
Peer comparison
Destimoney India Services Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Satyam Realistic Private Limited | ₹38.11 Lakh (FY 2025) | -42.0% | Ahmedabad, Gujarat, India | |||
| Vision Infin Private Limited | ₹38.1 Lakh (FY 2025) | 42.0% | Hyderabad, Telangana, India | |||
| Aum Financial Services Ltd | ₹38.1 Lakh (FY 2025) | -82.0% | Chennai, Tamil Nadu, India | |||
| Calibre Trades and Finance Limited | ₹38.09 Lakh (FY 2025) | 145.0% | Kolkalat, West Bengal, India | |||
| M S P R Management Services Private Limited | ₹38.08 Lakh (FY 2025) | -68.0% | Hyderabad, Telangana, India | |||
| Destimoney India Services Private Limitedthis company | ₹38.08 Lakh (FY 2020) | ₹12.37 Lakh | 32.5% | -27.0% | Mumbai, Maharashtra, India | |
| Shri Arihant Merchants Pvt.Ltd. | ₹38.03 Lakh (FY 2024) | -8.0% | Kolkata, West Bengal, India | |||
| Detars Estivision (OPC) Private Limited | ₹38.02 Lakh (FY 2025) | 3.0% | Lucknow, Uttar Pradesh, India | |||
| Rajdhan Tradecomm Private Limited | ₹38.02 Lakh (FY 2025) | 4730.0% | Kolkata, West Bengal, India | |||
| Triplezone Business Private Limited | ₹37.98 Lakh (FY 2025) | -4.0% | Hindmotor, West Bengal, India | |||
| Mangalvarsha Mercanitle Private Limited | ₹37.92 Lakh (FY 2024) | -51.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Destimoney India Services Private Limited, buy the company report.
Auditor
Destimoney India Services Private Limited is audited by KAMLESH P MEHTA ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAMLESH P MEHTA ASSOCIATES | FY 2019 | 120063W |
Shareholding
The shareholding of Destimoney India Services Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Destimoney India Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Aug 2008 | 10118506 | New Silk Route Advisors Private Limited | ₹4.25 Cr | Satisfied | |
| 20 Apr 2006 | 10007174 | The Hongkong and Shanghai Banking Corporation Ltd | ₹6.33 Cr | Satisfied | |
| 06 Jan 2006 | 80032017 | The Hongkong and Shanghai Banking Corporation Limited | ₹6 Cr | Satisfied |
To see the full charge records of Destimoney India Services Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Destimoney India Services Private Limited has 12 court cases on record: 3 filed by Destimoney India Services, 9 filed against it. 2 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 6 | 0 |
| District courts | 2 | 2 | 1 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by Reliance Nippon Life Insurance Company Limited | Disposed |
| Bombay High Court | Court case (CHS) | Filed against the company by Reliance Life Insurance Company Limited | Disposed |
| Bombay High Court | Court case (SJ) | Filed against the company by Reliance Life Insurance Company Ltd | Disposed |
| Bombay High Court | Company petition | Filed by the company against Alkem Laboratories Limited, Cin No. U00305mh1937plc174201 | Disposed |
| Bombay High Court | Court case (COMSS) | Filed against the company by Reliance Nippon Life Insurance Company Limited | Disposed |
To see the full case history of Destimoney India Services Private 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 Destimoney India Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Destimoney India Services has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCD1326K1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Destimoney India Services Private Limited, buy the company report.
Recent activity
Destimoney India Services Private Limited has 11 board changes on record since 2008: 2 appointments and 9 cessations. The latest: Sujjain Suresh Talwar ceased to be Director on 20 Mar 2019.
9 earlier events are in the company report.
Frequently asked questions
Destimoney India Services is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Destimoney India Services is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 18 March 2005 and is registered under CIN U67190MH2005PTC152063. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Destimoney India Services has 2 current directors:
- Arvind Malhan - Additional Director
- Vivek Anilchand Sett - Nominee Director
The latest financial statements of Destimoney India Services on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Destimoney India Services is U67190MH2005PTC152063. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Destimoney India Services has no open charges and satisfied charges of ₹16.58 Cr as per latest MCA filings.
Destimoney India Services has 12 court cases on record: 3 filed by the company and 9 filed against it. 2 are pending. Most are in the high courts.
Destimoney India Services was incorporated on 18 March 2005. It is registered with the Registrar of Companies, Mumbai.
The peers of Destimoney India Services by revenue are Satyam Realistic Private Limited, Vision Infin Private Limited, Aum Financial Services Ltd, Calibre Trades and Finance Limited, M S P R Management Services Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Sujjain Suresh Talwar ceased to be Director on 20 Mar 2019. Arvind Malhan was appointed as Additional Director on 18 Mar 2019. Vivek Anilchand Sett ceased to be Director on 02 Dec 2015. Destimoney India Services has 11 board changes on record in total.
Destimoney India Services can be reached through the website destimoneyadvisors.com. Its registered office is in Mumbai, Maharashtra, India.
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