India's Richest People 2026 edition · 1 director · Source: Hurun India
- #748 Rashesh Chandrakant Shah & family ₹4,200 Cr
Revenue · FY 2023
₹1,614.16 Cr
▼ 9.29% YoY
Authorised capital
₹724 Cr
Registered with MCA
Paid-up capital
₹318.29 Cr
Issued & subscribed
Open charges
₹6,591.22 Cr
Satisfied ₹15,854 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
284
Provident fund records
Directors on board
8
As per MCA filings
Active GSTINs
22
GST registered
About Ecl Finance Limited
Data last updated:
Ecl Finance Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Edelweiss Financial Services Limited. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 18 July 2005 and has been in existence for over 21 years.
Its director Rashesh Chandrakant Shah and family are #748 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH2005PLC154854. Its GSTIN is 27AABCE4916D1ZY (Maharashtra). The company holds 22 GST registrations, all of them active.
The company has an authorised share capital of ₹724 Cr and a paid-up capital of ₹318.29 Cr. It is led by directors including Ajay Khurana (Managing Director) and Kashmira Joji Mathew (Whole-Time Director).
Its last annual general meeting (AGM) was held on 04 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 5th Floor Tower 3 Wing B Kohinoor City Mall Kohinoor City Kirol Road Kurla(W), Mumbai, Maharashtra, India – 400070.
As per the financials filed for FY 2023, the company reported a revenue of ₹1,614.16 Cr, a decline of 9.29% compared to the previous year.
The company has about 284 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6,591.22 Cr and satisfied charges of ₹15,854 Cr on record. Court records list 7,162 cases involving the company, including 6,864 filed by the company and 298 filed against it; 4,344 cases are pending. The company has 14 deals on record (8 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹2,481.56 Cr; the latest was in July 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website eclfinance.edelweissfin.com.
Company details
CIN U65990MH2005PLC154854
Registration Number 154854
Incorporation Date 18 July 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 04 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Edelweiss Financial Services Limited
Compliance Status Active Compliant
CIN history
Ecl Finance has one previous CIN (Corporate Identification Number): U65990MH2005PTC154854. The current CIN is U65990MH2005PLC154854, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65990MH2005PLC154854 | Current |
| U65990MH2005PTC154854 | Previous |
Key People
Ajay Khurana Managing Director Kashmira Joji Mathew Whole-Time Director Atul Pande Director Recognitions & Rankings of Ecl Finance
Contact details
Ecl Finance Limited's registered office is in Mumbai, Maharashtra. Its website is eclfinance.edelweissfin.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address5th Floor Tower 3 Wing B Kohinoor City Mall Kohinoor City Kirol Road Kurla(W), Mumbai, Maharashtra, India – 400070
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Ecl Finance Limited, buy the company report.
Comprehensive company report
Ecl Finance Limited - one report that includes everything
- 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
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Business activity
Ecl Finance operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Financial and Credit leasing activities |
To see the full business activity and turnover split of Ecl Finance Limited, buy the company report.
Financials of Ecl Finance Limited
FY 2025 filings availableEcl Finance Limited reported revenue of ₹1,614.16 Cr (down 9.29% YoY) for FY 2023.
Revenue · FY 2023
₹1,614.16 Cr ▼ 9.29%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9.29%
Revenue fell 9.29% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Revenue | ₹1,614.16 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Ecl Finance Limited, buy the company report.
Board of directors of Ecl Finance Limited
Ecl Finance has 8 current directors and 38 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Pande | Director | 24 Jan 2023 | 3 Years 8 Months | Current |
| Pandiyan Kumaresan | Nominee Director | 23 May 2025 | 1 Years 4 Months | Current |
| Ajay Khurana | Managing Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Sameer Ambarish Kaji Also directs: Sutlej Textiles and Industries Limited, Nuvama Wealth Management Limited, Nuvama Wealth and Investment Limited and 5 more | Director | 29 Sep 2022 | 4 Years 0 Months | Current |
| Aalok Gupta | Director | 29 Sep 2022 | 4 Years 0 Months | Current |
| Kashmira Joji Mathew | Whole-Time Director | 04 Jan 2024 | 2 Years 9 Months | Current |
Showing 6 of 8 current directors. View all directors
Auditor
Ecl Finance Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2018 | 012754N/N500016 |
Shareholding
The shareholding of Ecl 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 Ecl Finance Limited, buy the company report.
Charges & borrowings
Open charges
₹6,591.22 Cr
Satisfied charges
₹15,854 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jun 2025 | 101126680 | Indian Overseas Bank | ₹200 Cr | Open | |
| 28 Jun 2024 | 100955707 | Others | ₹30 Cr | Open | |
| 20 Mar 2024 | 100898010 | Others | ₹30 Cr | Open | |
| 29 Jul 2022 | 100607254 | Idbi Bank Limited | ₹50 Cr | Open | |
| 07 Sep 2021 | 100476770 | State Bank of India | ₹250 Cr | Open |
To see the full charge records of Ecl Finance Limited, buy the company report.
Total charge records: 110 View all charges
Deals & funding
Ecl Finance Limited has 14 deals on record (8 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹2,481.56 Cr; the latest was in July 2020.
Total deals
14
Funding rounds
8
Secondary share transfers
5
Acquisition
1
Disclosed funding
₹2,481.56 Cr
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Funding round | ₹525.61 Cr | Investors: Edelweiss Financial Services Limited , Edel Finance Company Limited |
| Dec 2013 | Secondary share transfer | Undisclosed | Buyer: Edelweiss Financial Services Limited , Edelweiss Financial Services Limited & Rujan Panjwani Seller: Edelweiss Financial Services Limited & Prasad Baji, Edelweiss Financial Services Limited & Himanshu Kaji, Edelweiss Financial Services Limited & Rashesh Shah |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Edelweiss Rural & Corporate Services Limited Seller: Edelweiss Trading & Holdings Limited |
| Oct 2010 | Secondary share transfer | Undisclosed | Buyer: Edelweiss Trading & Holdings Limited Seller: Lehman Brothers Holdings |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Edelweiss Financial Services Limited Seller: Shuaa Capital Psc |
To see the full deal history of Ecl Finance 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
Ecl Finance Limited has 7,162 court cases on record: 6,864 filed by Ecl Finance, 298 filed against it. 4,344 cases are pending and 2,818 are disposed.
Total cases
7,162
Filed by the company
6,864
Filed against the company
298
Pending
4,344
Disposed
2,818
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6,886 | 119 | 4,263 |
| High courts | 222 | 133 | 61 |
| NCLAT | 30 | 25 | 11 |
| Supreme Court | 19 | 16 | 9 |
| NCLT | 5 | 5 | 0 |
Cases on record (5 of 7,162)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Aha Holdings Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Patron Facility Management Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Noori Dhatu Shodhan Udyog LLP | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against B K S Products LLP | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Isinox Steels Limited and 4 others | Pending |
To see the full case history of Ecl 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.
Credit ratings & regulatory alerts
Ecl Finance Limited was last rated by Brickwork on 08 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 08 Nov 2021 |
To see the full credit ratings and regulatory alerts of Ecl Finance Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ecl Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ecl Finance Limited has a workforce of 284 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
Employee count
284
Active EPFO establishments
1
Employee growth
-15.48%
GST
Ecl Finance has 22 GST registrations: 22 active. The first 4 active GSTINs are listed below.
Total GSTINs
22
Active
22
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE4916D1ZY | Maharashtra | Active | 01 Jul 2017 |
| 24AABCE4916D1Z4 | Gujarat | Active | 19 Jul 2017 |
| 04AABCE4916D1Z6 | Chandigarh | Active | 21 Jul 2017 |
| 06AABCE4916D1Z2 | Haryana | Active | 22 Jul 2017 |
To see the full GST registrations and return filing status of Ecl Finance Limited, buy the company report.
Recent activity
Ecl Finance Limited has 42 board changes on record since 2007: 8 appointments and 34 cessations. The latest: Pandiyan Kumaresan ceased to be Additional Director on 22 Jun 2025.
Charges
A charge with Others of Rs. 0.80 Cr registered on 05 Jan 2015 with Charge ID 10546558 was modified on 30 Oct 2025.
Charges
A charge with Others of Rs. 1,060.00 Cr registered on 30 Apr 2014 with Charge ID 10495932 was modified on 28 Oct 2025.
Charges
A charge registered on 02 Sep 2014 via Charge ID 10523778 with Others was fully satisfied on 10 Oct 2025.
AGM
Ecl Finance Limited last Annual general meeting of members was held on 04 Sep 2025 as per latest MCA records.
Charges
A charge registered on 03 Jul 2023 via Charge ID 100753748 with Others was fully satisfied on 28 Jul 2025.
Charges
A charge registered on 31 Dec 2022 via Charge ID 100668049 with Others was fully satisfied on 28 Jul 2025.
Charges
A charge with Others of Rs. 77.00 Cr registered on 13 Jul 2015 with Charge ID 10585036 was modified on 28 Jul 2025.
Charges
A charge with Indian Overseas Bank amounted to Rs. 200.00 Cr with Charge ID 101126680 was registered on 25 Jun 2025.
Ceased
Pandiyan Kumaresan ceased to be Additional Director.
Charges
A charge registered on 28 Feb 2023 via Charge ID 100708330 with Tata Capital Financial Services Limited was fully satisfied on 12 Jun 2025.
Appointed
Pandiyan Kumaresan was appointed as Nominee Director.
Appointed
Ajay Khurana was appointed as Managing Director.
264 earlier events are in the company report.
News
Frequently asked questions
Ecl Finance 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 18 July 2005 (21+ years old) and is registered under CIN U65990MH2005PLC154854.
Ecl Finance has 8 current directors:
- Ajay Khurana - Managing Director
- Kashmira Joji Mathew - Whole-Time Director
- Atul Pande - Director
- Pandiyan Kumaresan - Nominee Director
- Sameer Ambarish Kaji - Director
- Aalok Gupta - Director
- Rashesh Chandrakant Shah - Director
- Shiva Kumar - Director
The latest financial statements of Ecl Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ecl Finance is 27AABCE4916D1ZY, registered in Maharashtra. The company has 22 GST registrations in all, of which 22 are active. Other active GSTINs include 24AABCE4916D1Z4 (Gujarat), 04AABCE4916D1Z6 (Chandigarh), 06AABCE4916D1Z2 (Haryana).
The CIN (Corporate Identification Number) of Ecl Finance is U65990MH2005PLC154854. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ecl Finance has 7,162 court cases on record: 6,864 filed by the company and 298 filed against it. 4,344 are pending. Most are in the district courts.
Ecl Finance was incorporated on 18 July 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Ecl Finance has 14 deals on record (8 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹2,481.56 Cr; the latest was in July 2020.
Pandiyan Kumaresan ceased to be Additional Director on 22 Jun 2025. Pandiyan Kumaresan was appointed as Nominee Director on 23 May 2025. Ajay Khurana was appointed as Managing Director on 01 Apr 2025. Ecl Finance has 42 board changes on record in total.
Ecl Finance can be reached through the website eclfinance.edelweissfin.com. Its registered office is in Mumbai, Maharashtra, India.