Dwarkesh Finance Limited
About Dwarkesh Finance Limited
Data last updated:
Dwarkesh Finance Limited is a public limited company based in Bavla, Gujarat, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 29 June 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65910GJ1992PLC017790. Its GSTIN is 23AABCD7162N1ZI (Madhya Pradesh).
The company has an authorised share capital of ₹33 Cr and a paid-up capital of ₹31.47 Cr. It was formerly known as Richmore Finance and Leasing Limited. It is led by directors including Rajesh Kumar Gupta (Managing Director) and Vijendra Kumar Sood.
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 Block No.638 Industrial Shed, Moje Aadroda Ta Bavla, Gujarat, India – 382220.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.04 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹8.06 Cr and EBITDA of ₹6.81 Cr. Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 13% over five years.
As per MCA filings, the company has satisfied charges of ₹5 Cr on record. Court records list 21 cases involving the company, including 3 filed by the company and 18 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Dwarkesh Finance Limited's registered office is in Bavla, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBlock No.638 Industrial Shed, Moje Aadroda Ta Bavla, Gujarat, India – 382220
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Dwarkesh Finance 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 Dwarkesh Finance is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Dwarkesh Finance Limited, buy the company report.
Financials of Dwarkesh Finance Limited
FY 2024 filings availableDwarkesh Finance Limited reported revenue of ₹1.04 Cr (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 2% growth in the latest year. EBITDA rose 919% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹6.81 Cr | ||||
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| Net Profit (PAT) | ₹8.06 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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To see the full financial statements and ratios of Dwarkesh Finance Limited, buy the company report.
Board of directors of Dwarkesh Finance Limited
Dwarkesh Finance has 5 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijendra Kumar Sood | Director | 16 Aug 2024 | 2 Years 2 Months | Current |
| Rakesh Agrawal | Director | 16 Aug 2024 | 2 Years 2 Months | Current |
| Hemant Kasliwal Also directs: Kayvee Polyesters Pvt.Ltd., Etiam Emedia Limited, Raaj Medisafe India Limited and 4 more | Director | 30 Mar 2019 | 7 Years 7 Months | Current |
| Arpit Bangur Also directs: Arpit Packaging Private Limited, Raaj Medisafe India Limited, Shrivats Paper and Paper Products Private Limited and 5 more | Director | 01 Apr 2022 | 4 Years 7 Months | Current |
| Rajesh Kumar Gupta Also directs: Kayvee Polyesters Pvt.Ltd., Shree Packers (Ujjain) Private Limited, Vyanktesh Plastics and Packagings Pvt Ltd and 3 more | Managing Director | 20 Sep 2007 | 19 Years 1 Months | Current |
Auditor
Dwarkesh Finance Limited is audited by Nilesh Subhash Agr awa l & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nilesh Subhash Agr awa l & Associates | FY 2023 | 011427C |
Shareholding
The shareholding of Dwarkesh Finance 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 Dwarkesh Finance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 May 2019 | 100273749 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Dwarkesh Finance Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Dwarkesh Finance Limited has 21 court cases on record: 3 filed by Dwarkesh Finance, 18 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 17 | 0 |
| NCLT | 3 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Indore | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Indore | Petition | Filed by the company | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by an individual | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by The State of Gujarat | Disposed |
To see the full case history of Dwarkesh Finance 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 Dwarkesh Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Dwarkesh Finance has 7 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Dwarkesh Finance has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCD7162N1ZI | Madhya Pradesh | Active | 16 Dec 2024 |
To see the full GST registrations and return filing status of Dwarkesh Finance Limited, buy the company report.
Recent activity
Dwarkesh Finance Limited has 15 board changes on record since 2007: 5 appointments and 10 cessations. The latest: Rakesh Agrawal ceased to be Additional Director on 29 Sep 2024.
8 earlier events are in the company report.
Frequently asked questions
Dwarkesh Finance is an active public limited company based in Bavla, Gujarat, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 29 June 1992 (34+ years old) and is registered under CIN U65910GJ1992PLC017790.
Dwarkesh Finance has 5 current directors:
- Rajesh Kumar Gupta - Managing Director
- Vijendra Kumar Sood - Director
- Rakesh Agrawal - Director
- Hemant Kasliwal - Director
- Arpit Bangur - Director
The latest financial statements of Dwarkesh Finance 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 Dwarkesh Finance is 23AABCD7162N1ZI, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Dwarkesh Finance is U65910GJ1992PLC017790. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dwarkesh Finance has 21 court cases on record: 3 filed by the company and 18 filed against it. Most are in the district courts.
Dwarkesh Finance was incorporated on 29 June 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Rakesh Agrawal ceased to be Additional Director on 29 Sep 2024. Vijendra Kumar Sood ceased to be Additional Director on 29 Sep 2024. Rakesh Agrawal was appointed as Director on 16 Aug 2024. Dwarkesh Finance has 15 board changes on record in total.
The registered office of Dwarkesh Finance is at Block No.638 Industrial Shed, Moje Aadroda Ta Bavla, Gujarat, India – 382220.
Dwarkesh Finance operates in the financial services industry, in the diversified financial services segment.
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