About Dhansafal Finserve Limited
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Dhansafal Finserve Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 17 July 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L65100MH1981PLC044094. Its GSTIN is 27AAACH2735G1ZT (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 512048.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹22.71 Cr. It was formerly known as Indus Commercials Ltd and Splash Mediaworks Limited. It is led by directors including Ankur Anil Agrawal (Managing Director) and Apeksha Santosh Kadam.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 1402 Lotus Corporate Park, Mumbai, Maharashtra.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹12.23 Cr, a growth of 137.9% compared to the previous year. For the same year it recorded a net profit of ₹74 Lakh (net margin 6.1%) and EBITDA of ₹3.58 Cr (EBITDA margin 29.3%). The net worth stands at ₹66.47 Cr (up 24.2% YoY). Total assets are valued at ₹88.63 Cr (up 38.2% YoY).
The company is associated with 1 brand: Luharuka Media & Infra. As per MCA filings, the company has open charges of ₹27 Cr on record. Court records list 43 cases involving the company, including 21 filed by the company and 22 filed against it; 25 cases are pending. The company has 143 deals on record (143 market trades); the latest was in October 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website luharukamediainfra.com.
Company details
Name history
Dhansafal Finserve has undergone 5 name changes throughout its history. The current legal name is Dhansafal Finserve Limited.
| Company Name | Status |
|---|---|
| Dhansafal Finserve Limited | Current |
| Indus Commercials Ltd | Previous |
| Splash Mediaworks Limited | Previous |
| Splash Media & Infra Limited | Previous |
| Splash Media Works Limited | Previous |
CIN history
Dhansafal Finserve has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L65100MH1981PLC044094, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65100MH1981PLC044094 | Current |
| L45400MH1987PLC044094 | Previous |
| L51900MH1987PLC044094 | Previous |
| L65100MH1987PLC044094 | Previous |
Contact details
Dhansafal Finserve Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressG – 1402 Lotus Corporate Park, Jay Coach Area Goregaon East, Mumbai, Maharashtra, India – 400063
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- 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
Brands
Dhansafal Finserve operates one associated brand: Luharuka Media & Infra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Investment management and mortgage loan services are provided. | luharukamediainfra.com |
Financials of Dhansafal Finserve Limited
FY 2025-26 filings availableDhansafal Finserve Limited reported revenue of ₹12.23 Cr (up 137.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 12.23 | 5.14 | 1.63 | 1.93 | 1.68 | 1.20 | 0.77 |
| Revenue growth | +137.9% | +215.3% | -15.5% | +14.9% | +40.0% | +55.8% | - |
| EBITDA | 3.58 | 0.95 | 0.88 | 1.28 | 0.94 | 0.34 | (0.10) |
| EBITDA margin | +29.3% | +18.5% | +54.0% | +66.3% | +56.0% | +28.3% | -13.0% |
| Profit before tax | 1.07 | 0.59 | 0.89 | 0.90 | 0.77 | 0.23 | (0.04) |
| Net profit | 0.74 | 0.40 | 0.61 | 0.67 | 0.57 | 0.14 | (0.04) |
| Net profit margin | +6.1% | +7.8% | +37.4% | +34.7% | +33.9% | +11.7% | -5.2% |
| EPS (₹) | 0.03 | 0.02 | 0.06 | 0.07 | 0.06 | 0.01 | (0.01) |
| Balance sheet | |||||||
| Total assets | 88.63 | 64.14 | 16.32 | 14.83 | 20.53 | 14.89 | 15.46 |
| Net worth | 66.47 | 53.53 | 15.44 | 14.83 | 14.16 | 13.59 | 13.45 |
| Total debt | 22.16 | 10.61 | 0.88 | 0.00 | 6.36 | 1.30 | 2.01 |
| Cash & bank | 4.85 | 16.02 | 1.25 | 1.39 | 2.12 | 2.60 | 2.61 |
| Net working capital | 7.43 | 18.70 | 6.46 | 6.64 | 7.31 | 7.76 | 8.03 |
| Cash flow | |||||||
| Cash from operations | (38.88) | (35.13) | (2.51) | 4.23 | (6.72) | (0.37) | (2.35) |
| Cash from investing | (5.48) | (2.03) | 0.00 | 0.00 | 0.00 | 0.01 | 1.75 |
| Cash from financing | 33.19 | 51.94 | 2.37 | (4.96) | 6.23 | 0.36 | 1.93 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.74 | 3.64 | 3.52 | 2.76 | 2.32 | 1.84 | 1.18 | 0.50 |
| Revenue growth (YoY) | +61.2% | +97.8% | +198.3% | +452.0% | +74.4% | - | - | - |
| Other income | 0.14 | 0.04 | 0.03 | 0.14 | 0.06 | 0.02 | 0.19 | 0.09 |
| Total expenses | 2.04 | 2.01 | 2.34 | 2.34 | 1.96 | 1.23 | 1.47 | 1.01 |
| EBITDA | 1.70 | 1.63 | 1.18 | 0.42 | 0.36 | 0.61 | (0.29) | (0.51) |
| EBITDA margin | +45.5% | +44.8% | +33.5% | +15.2% | +15.5% | +33.2% | -24.6% | -102.0% |
| Depreciation | 0.17 | 0.21 | 0.21 | 0.21 | 0.15 | 0.16 | 0.01 | 0.00 |
| Interest | 0.90 | 0.76 | 0.74 | 0.42 | 0.09 | 0.19 | 0.01 | 0.01 |
| Profit before tax | 0.77 | 0.70 | 0.26 | (0.07) | 0.18 | 0.28 | (0.12) | (0.43) |
| Tax | 0.20 | 0.20 | 0.08 | 0.02 | 0.04 | 0.08 | 0.03 | (0.13) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.74 | 3.64 | 3.52 | 2.76 | 2.32 | 1.84 | 1.18 | 0.50 |
| Revenue growth (YoY) | +61.2% | +97.8% | +198.3% | +452.0% | +74.4% | - | - | - |
| Other income | 0.14 | 0.04 | 0.03 | 0.14 | 0.06 | 0.02 | 0.19 | 0.09 |
| Total expenses | 2.04 | 2.01 | 2.34 | 2.34 | 1.96 | 1.23 | 1.47 | 1.01 |
| EBITDA | 1.70 | 1.63 | 1.18 | 0.42 | 0.36 | 0.61 | (0.29) | (0.51) |
| EBITDA margin | +45.5% | +44.8% | +33.5% | +15.2% | +15.5% | +33.2% | -24.6% | -102.0% |
| Depreciation | 0.17 | 0.21 | 0.21 | 0.21 | 0.15 | 0.16 | 0.01 | 0.00 |
| Interest | 0.90 | 0.76 | 0.74 | 0.42 | 0.09 | 0.19 | 0.01 | 0.01 |
| Profit before tax | 0.77 | 0.70 | 0.26 | (0.07) | 0.18 | 0.28 | (0.12) | (0.43) |
| Tax | 0.20 | 0.20 | 0.08 | 0.02 | 0.04 | 0.08 | 0.03 | (0.13) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 12.23 | 5.14 | 1.63 | 1.93 | 1.68 | 1.20 | 0.77 |
| Revenue growth | +137.9% | +215.3% | -15.5% | +14.9% | +40.0% | +55.8% | - |
| Other income | 0.27 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.12 |
| Total expenses | 8.65 | 4.19 | 0.75 | 0.65 | 0.74 | 0.86 | 0.87 |
| Employee cost | 0.00 | 1.48 | 0.29 | 0.23 | 0.21 | 0.43 | 0.51 |
| EBITDA | 3.58 | 0.95 | 0.88 | 1.28 | 0.94 | 0.34 | (0.10) |
| EBITDA margin | +29.3% | +18.5% | +54.0% | +66.3% | +56.0% | +28.3% | -13.0% |
| Depreciation | 0.77 | 0.17 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 2.01 | 0.22 | 0.02 | 0.38 | 0.17 | 0.11 | 0.06 |
| Profit before tax | 1.07 | 0.59 | 0.89 | 0.90 | 0.77 | 0.23 | (0.04) |
| Tax | 0.33 | 0.19 | 0.28 | 0.23 | 0.20 | 0.09 | 0.00 |
| Net profit | 0.74 | 0.40 | 0.61 | 0.67 | 0.57 | 0.14 | (0.04) |
| Net profit margin | +6.1% | +7.8% | +37.4% | +34.7% | +33.9% | +11.7% | -5.2% |
| EPS (₹) | 0.03 | 0.02 | 0.06 | 0.07 | 0.06 | 0.01 | (0.01) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 22.71 | 18.74 | 9.37 | 9.37 | 9.37 | 9.37 | 9.37 |
| Reserves & surplus | 38.70 | 24.81 | 6.07 | 5.46 | 4.79 | 4.22 | 4.08 |
| Shareholders' funds (net worth) | 66.47 | 53.53 | 15.44 | 14.83 | 14.16 | 13.59 | 13.45 |
| Secured loans | 18.16 | 10.61 | 0.88 | 0.00 | 1.75 | 1.30 | 2.01 |
| Unsecured loans | 4.00 | 0.00 | 0.00 | 0.00 | 4.61 | 0.00 | 0.00 |
| Total debt | 22.16 | 10.61 | 0.88 | 0.00 | 6.36 | 1.30 | 2.01 |
| Total liabilities | 88.63 | 64.14 | 16.32 | 14.83 | 20.53 | 14.89 | 15.46 |
| Assets | |||||||
| Gross block | 2.86 | 2.31 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 |
| Net block | 1.91 | 2.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 5.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.00 | 0.00 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 4.85 | 16.02 | 1.25 | 1.39 | 2.12 | 2.60 | 2.61 |
| Loans & advances | 5.75 | 5.85 | 5.40 | 5.43 | 5.42 | 5.44 | 5.75 |
| Total current assets | 10.60 | 21.87 | 6.67 | 6.84 | 7.54 | 8.04 | 8.36 |
| Total current liabilities | 3.17 | 3.17 | 0.21 | 0.20 | 0.23 | 0.28 | 0.33 |
| Net working capital | 7.43 | 18.70 | 6.46 | 6.64 | 7.31 | 7.76 | 8.03 |
| Total assets | 88.63 | 64.14 | 16.32 | 14.83 | 20.53 | 14.89 | 15.46 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 16.02 | 1.25 | 1.39 | 2.12 | 2.60 | 2.61 | 1.29 |
| Net cash from operating activities | (38.88) | (35.13) | (2.51) | 4.23 | (6.72) | (0.37) | (2.35) |
| Net cash from investing activities | (5.48) | (2.03) | 0.00 | 0.00 | 0.00 | 0.01 | 1.75 |
| Net cash from financing activities | 33.19 | 51.94 | 2.37 | (4.96) | 6.23 | 0.36 | 1.93 |
| Net change in cash | (11.17) | 14.78 | (0.14) | (0.73) | (0.49) | 0.00 | 1.32 |
| Closing cash | 4.85 | 16.02 | 1.25 | 1.39 | 2.12 | 2.60 | 2.61 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +137.9% | +215.3% | -15.5% | +14.9% | +40.0% | +55.8% | - |
| EBITDA growth | +276.8% | +8.0% | -31.3% | +36.2% | +176.5% | +440.0% | - |
| PBT growth | +81.4% | -33.7% | -1.1% | +16.9% | +234.8% | +9998.0% | - |
| Net income growth | +85.0% | -34.4% | -9.0% | +17.5% | +307.1% | +450.0% | - |
| Revenue CAGR (3Y) | +85.1% | +45.2% | +10.8% | +35.8% | +16.2% | -15.5% | -19.9% |
| EBITDA CAGR (3Y) | +40.9% | +0.4% | +37.3% | - | +34.1% | -16.8% | - |
| Profitability & leverage | |||||||
| Net income margin | +6.1% | +7.8% | +37.4% | +34.7% | +33.9% | +11.7% | -5.2% |
| Return on capital employed | - | +2.0% | +5.8% | +7.2% | +5.3% | +2.2% | +0.1% |
| Return on net worth | - | +1.1% | +4.0% | +4.6% | +4.1% | +1.0% | -0.4% |
| Debt / equity | - | 0.17 | 0.03 | 0.22 | 0.28 | 0.12 | 0.11 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 71.53 | 28.21 | 2.27 | 29.69 | 18.09 | 32.35 | -60.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 4.48 | 0.00 | 0.00 | 0.00 | 60.00 | 22.25 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 517.00 | 83.00 | 193.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 0.03 | 0.02 | 0.06 | 0.07 | 0.06 | 0.01 | (0.01) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 2.32 | 1.65 | 1.58 | 1.51 | 1.45 | 1.44 |
To see the full year-wise statements and ratios of Dhansafal Finserve Limited, buy the company report.
Board of directors of Dhansafal Finserve Limited
Dhansafal Finserve has 4 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Apeksha Santosh Kadam Also directs: Comfort Commotrade Limited, Comfort Intech Limited, Luharuka Commotrade Private Limited and 5 more | Director | 12 Feb 2021 | 5 Years 9 Months | Current |
| Harsh Kedia Also directs: Nitco Limited | Director | 07 Aug 2025 | 1 Years 3 Months | Current |
| Raghunath Narasimhachar Patel | Director | 14 Aug 2025 | 1 Years 2 Months | Current |
| Ankur Anil Agrawal | Managing Director | 27 Jun 2016 | 10 Years 4 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 May 2026 | 101300144 | Others | ₹3 Cr | Open | |
| 21 May 2026 | 101301045 | Others | ₹2 Cr | Open | |
| 14 Apr 2026 | 101283458 | Others | ₹2 Cr | Open | |
| 17 Mar 2026 | 101265551 | Others | ₹3 Cr | Open | |
| 11 Feb 2026 | 101239810 | Others | ₹5 Cr | Open |
Total charge records: 8 View all charges
Deals & funding
Dhansafal Finserve Limited has 143 deals on record (143 market trades); the latest was in October 2024.
Deals on record (5 of 143)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2024 | Market trade | ₹1.3 Cr | Buyer: Multiplier Share and Stock Advisors Private Limited Seller: Multiplier Share and Stock Advisors Private Limited |
| Oct 2024 | Market trade | ₹2.09 Cr | Buyer: Multiplier Share and Stock Advisors Private Limited , Aryafin-Trade Services India Private Limited, an individual |
| Oct 2023 | Market trade | ₹32.9 Lakh | Buyer: Prithvi Finmart Private Limited Seller: Prithvi Finmart Private Limited |
| Oct 2023 | Market trade | ₹38 Lakh | Buyer: Prithvi Finmart Private Limited Seller: Prithvi Finmart Private Limited |
| Mar 2022 | Market trade | ₹36.2 Lakh | Buyer: Alpha Leon Enterprises LLP |
To see the full deal history of Dhansafal Finserve Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dhansafal Finserve Limited has 43 court cases on record: 21 filed by Dhansafal Finserve, 22 filed against it. 25 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 33 | 13 | 25 |
| High courts | 10 | 9 | 0 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (Chamber Summons) | Filed by the company against M/S Krishna Sagar Builders Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Multi Commodity Exchange of India Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Multi Commodity Exchange of India Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against M/S Krishna Sagar Builders Ltd and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against M/S Krishna Sagar Builders Ltd | Pending |
To see the full case history of Dhansafal Finserve 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 Dhansafal Finserve Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Dhansafal Finserve has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH2735G1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dhansafal Finserve Limited, buy the company report.
Recent activity
Dhansafal Finserve Limited has 25 board changes on record since 2009: 4 appointments and 21 cessations. The latest: Harsh Kedia ceased to be Additional Director on 25 Sep 2025.
24 earlier events are in the company report.
Frequently asked questions
Dhansafal Finserve is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 17 July 1987 (39+ years old) and is registered under CIN L65100MH1981PLC044094. Listed on BSE: 512048.
Dhansafal Finserve reported revenue of ₹12.23 Cr for FY 2025-26 (up 137.9% YoY) based on standalone financials.
Dhansafal Finserve has 4 current directors:
- Ankur Anil Agrawal - Managing Director
- Apeksha Santosh Kadam - Director
- Harsh Kedia - Director
- Raghunath Narasimhachar Patel - Director
The latest financial statements of Dhansafal Finserve on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Dhansafal Finserve is 27AAACH2735G1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Dhansafal Finserve is L65100MH1981PLC044094. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Dhansafal Finserve is a listed company as per MCA records. Its shares are listed on BSE (code: 512048).
Dhansafal Finserve has 43 court cases on record: 21 filed by the company and 22 filed against it. 25 are pending. Most are in the district courts.
Dhansafal Finserve was incorporated on 17 July 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Dhansafal Finserve has 143 deals on record (143 market trades); the latest was in October 2024.
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