About Essar Advisory Services Limited
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Essar Advisory Services Limited is a public limited company based in Vadodara, Gujarat, India, a subsidiary of Edwell Infrastructure Hazira Limited. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 16 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24119GJ2007PLC049785. Its GSTIN is 24AABCE7012Q1ZK (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹69.18 Cr. It was formerly known as Essar Gujarat Petrochemicals Limited. It is led by directors including Srikar Gopalrao Kowlikar (Whole-Time Director) and Manishkumar Satyanarayan Kedia.
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 601 6th Floor Indra Complex Near Namrata Society Manjalpur, Vadodara, Gujarat, India – 390004.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.69 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net profit of ₹1.14 Cr (net margin 42.4%) and EBITDA of ₹2.17 Cr (EBITDA margin 80.9%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years.
The company has about 21 employees on its provident fund (EPFO) records.
Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website essar.com.
Company details
Contact details
Essar Advisory Services Limited's registered office is in Vadodara, Gujarat. Its website is essar.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address601 6th Floor Indra Complex Near Namrata Society Manjalpur, Vadodara, Gujarat, India – 390004
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Essar Advisory Services 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 Essar Advisory Services is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Essar Advisory Services Limited, buy the company report.
Financials of Essar Advisory Services Limited
FY 2024 filings availableEssar Advisory Services Limited reported revenue of ₹2.69 Cr (down 71% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over three years, including a 71% fall in the latest year. EBITDA rose 156% 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 | ₹2.17 Cr | ||||
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| Net Profit (PAT) | ₹1.14 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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| EBITDA Margin | 80.9% | ||||
| Net Profit Margin | 42.4% | ||||
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To see the full financial statements and ratios of Essar Advisory Services Limited, buy the company report.
Board of directors of Essar Advisory Services Limited
Essar Advisory Services has 3 current directors and 30 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srikar Gopalrao Kowlikar Also directs: Jayashish Corporate Services LLP, Arco Leasing Limited, Yunik Managing Advisors Limited and 5 more | Whole-Time Director | 27 Dec 2021 | 4 Years 9 Months | Current |
| Manishkumar Satyanarayan Kedia Also directs: Futura Travels Limited | Director | 21 May 2019 | 7 Years 5 Months | Current |
| Suresh Sundaram Also directs: Futura Travels Limited, Specialised Air Technologies Private Limited, Specialized Aeronautix Private Limited and 1 more | Director | 21 May 2019 | 7 Years 5 Months | Current |
Auditor
Essar Advisory Services Limited is audited by N K R & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N K R & CO | FY 2021 | 127820W |
Shareholding
The shareholding of Essar Advisory Services Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Essar Advisory Services Limited, buy the company report.
Legal cases
Essar Advisory Services Limited has 3 court cases on record: 1 filed by Essar Advisory Services, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Devbhumi Dwarka at Khambhaliya, Gujarat | Civil suit | Filed against the company by Essar Oil Limited | Disposed |
| NCLT, Ahmedabad | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Ineos Commercial Services UK Ltd and 2 others | Disposed |
To see the full case history of Essar Advisory Services 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 Essar Advisory Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Essar Advisory Services Limited has a workforce of 21 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Essar Advisory Services has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCE7012Q1ZK | Gujarat | Active | 01 Jul 2017 |
| 27AABCE7012Q1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Essar Advisory Services Limited, buy the company report.
Recent activity
Essar Advisory Services Limited has 29 board changes on record since 2009: 4 appointments and 25 cessations. The latest: Kapil Purohit was appointed as CFO on 01 Oct 2024.
20 earlier events are in the company report.
News
Frequently asked questions
Essar Advisory Services is an active public limited company based in Vadodara, Gujarat, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 16 January 2007 (19+ years old) and is registered under CIN U24119GJ2007PLC049785.
Essar Advisory Services has 3 current directors:
- Srikar Gopalrao Kowlikar - Whole-Time Director
- Manishkumar Satyanarayan Kedia - Director
- Suresh Sundaram - Director
The latest financial statements of Essar Advisory Services 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 Essar Advisory Services is 24AABCE7012Q1ZK, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AABCE7012Q1ZE (Maharashtra).
The CIN (Corporate Identification Number) of Essar Advisory Services is U24119GJ2007PLC049785. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Essar Advisory Services has 3 court cases on record: 1 filed by the company and 2 filed against it. Most are in the district courts.
Essar Advisory Services was incorporated on 16 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kapil Purohit was appointed as CFO on 01 Oct 2024. Srikar Gopalrao Kowlikar ceased to be Additional Director on 29 Sep 2022. Srikar Gopalrao Kowlikar was appointed as Whole-Time Director on 27 Dec 2021. Essar Advisory Services has 29 board changes on record in total.
Essar Advisory Services can be reached through the website essar.com. Its registered office is in Vadodara, Gujarat, India.
The registered office of Essar Advisory Services is at 601 6th Floor Indra Complex Near Namrata Society Manjalpur, Vadodara, Gujarat, India – 390004.