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Equentia Financial Service Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹86.43 Cr
▲ 29% YoY
Net profit · FY 2025
₹90.35 Lakh
Net margin 1%
EBITDA · FY 2025
₹50.26 Cr
EBITDA margin 58.1%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹8.3 Cr
Issued & subscribed
Open charges
₹769.5 Cr
Satisfied ₹409 Cr
Company age
9 yrs
Est. 2017
Employees · EPFO
56
Provident fund records
About Equentia Financial Service Private Limited
Data last updated:
Equentia Financial Service Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Equentia Scf Technologies Private Limited and recognised as a startup by DPIIT. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 30 October 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH2017PTC301251. Its GSTIN is 27AAECE8306J1ZI (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.3 Cr. It is led by directors including Rajiv Ramnarayan and Nirav Shaunak Choksi.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹86.43 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹90.35 Lakh (net margin 1%) and EBITDA of ₹50.26 Cr (EBITDA margin 58.1%). Revenue has grown at a compounded annual rate (CAGR) of 87% over three years and 96% over five years.
The company has about 56 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: CredAble. As per MCA filings, the company has open charges of ₹769.5 Cr and satisfied charges of ₹409 Cr on record. Court records list 40 cases involving the company, including 36 filed by the company and 4 filed against it; 32 cases are pending. The company has 7 deals on record (6 rights issues, 1 funding round), with disclosed funding of ₹9.8 Cr; the latest was in March 2025. Its 3 peer companies in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 1 smaller; the largest is Subham Capital Private Limited with revenue of ₹87.79 Cr.
Equentia Financial Service Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0067752). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website credable.in.
Company details
CIN U65990MH2017PTC301251
Registration Number 301251
Incorporation Date 30 October 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Equentia Scf Technologies Private Limited
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-MH-19-0067752
Recognitions & Rankings of Equentia Financial Service
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0067752
Contact details
Equentia Financial Service Private Limited's registered office is in Mumbai, Maharashtra. Its website is credable.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address5th Floor Satyam Tower, Off Govandi Station Road Deonar Govandi East, Mumbai, Maharashtra, India – 400088
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Equentia Financial Service Private Limited, buy the company report.
Comprehensive company report
Equentia Financial Service Private 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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Brands
Equentia Financial Service operates one associated brand: CredAble. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of working capital and supply chain finance solutions for businesses | credable.in |
Business activity
The main business activity of Equentia Financial Service 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 Equentia Financial Service Private Limited, buy the company report.
Financials of Equentia Financial Service Private Limited
FY 2025 filings availableEquentia Financial Service Private Limited reported revenue of ₹86.43 Cr (up 29% YoY) for FY 2025.
Revenue · FY 2025
₹86.43 Cr ▲ 29%
Net profit · FY 2025
₹90.35 Lakh margin 1%
EBITDA · FY 2025
₹50.26 Cr margin 58.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 87%
5 years · compounded
▲ 96%
EBITDA CAGR growth
1 year
▲ 36%
3 years · compounded
▲ 241%
5 years · compounded
▲ 154%
Revenue has grown at a compounded annual rate (CAGR) of 96% over five years, including 29% growth in the latest year. EBITDA rose 36% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹50.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹90.35 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 58.1% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Equentia Financial Service Private Limited, buy the company report.
Board of directors of Equentia Financial Service Private Limited
Equentia Financial Service has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Ramnarayan Also directs: Samadan Global Trading Private Limited, Equentia SCF Technologies Private Limited, Equentia Renewables Private Limited and 5 more | Director | 30 Oct 2017 | 9 Years 0 Months | Current |
| Nirav Shaunak Choksi | Director | 23 Jun 2020 | 6 Years 4 Months | Current |
| Ram Prakash Kewalramani | Director | 23 Jun 2020 | 6 Years 4 Months | Current |
| Anil Gudibande Also directs: Sanaka India Advisors LLP, Hoi Food Concepts Private Limited, Parijat Industries (India) Limited and 5 more | Director | 04 Nov 2017 | 9 Years 0 Months | Current |
Peer comparison
Equentia Financial Service Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Subham Capital Private Limited | ₹87.79 Cr (FY 2023) | -8.0% | Kolkata, West Bengal, India | |||
| Speel Finance Company Private Limited | ₹87.06 Cr (FY 2025) | 32.0% | Nagpur, Maharashtra, India | |||
| Equentia Financial Service Private Limitedthis company | ₹86.43 Cr (FY 2025) | ₹90.35 Lakh | 1% | 29.0% | 56 | Mumbai, Maharashtra, India |
| Gamco Limited | ₹86.28 Cr (FY 2023) | 275.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Equentia Financial Service Private Limited, buy the company report.
Auditor
Equentia Financial Service Private Limited is audited by Sanghvi Sanghvi & Sanghvi for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sanghvi Sanghvi & Sanghvi | FY 2023 | 109138W |
Shareholding
The shareholding of Equentia Financial Service Private 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 Equentia Financial Service Private Limited, buy the company report.
Charges & borrowings
Open charges
₹769.5 Cr
Satisfied charges
₹409 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2025 | 101187033 | Others | ₹7.5 Cr | Open | |
| 31 Oct 2025 | 101187028 | Others | ₹7.5 Cr | Open | |
| 26 Sep 2025 | 101168220 | Others | ₹10 Cr | Open | |
| 25 Sep 2025 | 101168342 | Others | ₹10 Cr | Open | |
| 25 Sep 2025 | 101168443 | Others | ₹15 Cr | Open |
To see the full charge records of Equentia Financial Service Private Limited, buy the company report.
Total charge records: 66 View all charges
Deals & funding
Equentia Financial Service Private Limited has 7 deals on record (6 rights issues, 1 funding round), with disclosed funding of ₹9.8 Cr; the latest was in March 2025.
Total deals
7
Rights issues
6
Funding round
1
Disclosed funding
₹9.8 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Rights issue | ₹12 Cr | Investors: Equentia SCF Technologies Private Limited |
| Dec 2023 | Rights issue | ₹43.05 Cr | Investors: Equentia SCF Technologies Private Limited |
| Sep 2022 | Rights issue | ₹58.48 Cr | Investors: Equentia SCF Technologies Private Limited |
| Jan 2022 | Rights issue | ₹35 Cr | Investors: Equentia SCF Technologies Private Limited |
| Dec 2020 | Rights issue | ₹10.45 Cr | Investors: Equentia SCF Technologies Private Limited |
To see the full deal history of Equentia Financial Service Private 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
Equentia Financial Service Private Limited has 40 court cases on record: 36 filed by Equentia Financial Service, 4 filed against it. 32 cases are pending and 8 are disposed.
Total cases
40
Filed by the company
36
Filed against the company
4
Pending
32
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 36 | 2 | 29 |
| Supreme Court | 2 | 2 | 2 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 40)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Petition | Filed against the company by H.Q. Lamps Manufacturing Co. Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Marketing King Online Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Ms Ramdev International Castor Products Pvt Ltd and 2 others | Pending |
| District court, Gurugram, Haryana | Arbitration matter | Filed by the company against Gensol Engineering Ltd Etc and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Kidsnkarts Toys Limited and 2 others | Pending |
To see the full case history of Equentia Financial Service 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 Equentia Financial Service Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Equentia Financial Service Private Limited has a workforce of 56 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
56
Active EPFO establishments
1
Employee growth
86.67%
GST
Equentia Financial Service has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECE8306J1ZI | Maharashtra | Active | 01 Jun 2018 |
To see the full GST registrations and return filing status of Equentia Financial Service Private Limited, buy the company report.
Recent activity
Equentia Financial Service Private Limited has 8 board changes on record since 2017: 4 appointments and 4 cessations. The latest: Nirav Shaunak Choksi ceased to be Additional Director on 28 Sep 2020.
Charges
A charge registered on 06 Mar 2024 via Charge ID 100886285 with Others was fully satisfied on 17 Nov 2025.
Charges
A charge registered on 30 Jul 2024 via Charge ID 100965070 with Others was fully satisfied on 11 Nov 2025.
Charges
A charge registered on 30 Jul 2024 via Charge ID 100965377 with Others was fully satisfied on 11 Nov 2025.
Charges
A charge registered on 30 May 2023 via Charge ID 100730550 with Others was fully satisfied on 04 Nov 2025.
Charges
A charge with Others amounted to Rs. 7.50 Cr with Charge ID 101187033 was registered on 31 Oct 2025.
Charges
A charge with Others amounted to Rs. 7.50 Cr with Charge ID 101187028 was registered on 31 Oct 2025.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101168220 was registered on 26 Sep 2025.
AGM
Equentia Financial Service Private Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101168342 was registered on 25 Sep 2025.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101168443 was registered on 25 Sep 2025.
Charges
A charge registered on 27 Sep 2024 via Charge ID 100985965 with Others was fully satisfied on 15 Sep 2025.
Charges
A charge registered on 26 Jun 2024 via Charge ID 100949524 with Others was fully satisfied on 10 Sep 2025.
94 earlier events are in the company report.
News
Frequently asked questions
Equentia Financial Service is an active private limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 30 October 2017 (9+ years old) and is registered under CIN U65990MH2017PTC301251.
Equentia Financial Service has 4 current directors:
- Rajiv Ramnarayan - Director
- Nirav Shaunak Choksi - Director
- Ram Prakash Kewalramani - Director
- Anil Gudibande - Director
The latest financial statements of Equentia Financial Service on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Equentia Financial Service is 27AAECE8306J1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Equentia Financial Service is U65990MH2017PTC301251. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Equentia Financial Service has 40 court cases on record: 36 filed by the company and 4 filed against it. 32 are pending. Most are in the district courts.
Equentia Financial Service was incorporated on 30 October 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Equentia Financial Service has 7 deals on record (6 rights issues, 1 funding round), with disclosed funding of ₹9.8 Cr; the latest was in March 2025.
The peers of Equentia Financial Service by revenue are Subham Capital Private Limited, Speel Finance Company Private Limited, Gamco Limited, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Nirav Shaunak Choksi ceased to be Additional Director on 28 Sep 2020. Ram Prakash Kewalramani ceased to be Additional Director on 28 Sep 2020. Nirav Shaunak Choksi was appointed as Director on 23 Jun 2020. Equentia Financial Service has 8 board changes on record in total.
Yes, Equentia Financial Service is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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