Festino Commerce Pvt Ltd
About Festino Commerce Pvt Ltd
Data last updated:
Festino Commerce Pvt Ltd is a private limited company based in Bangalore, Karnataka, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 26 June 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65921KA1991PTC046700.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.06 Cr. It is led by directors Mayank Jain and Naveen Kumar Saraogi.
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 Flat No.1102 Pride Regalia No.80/3 Hulimavu Bannerghatta Road, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2024, the company reported a revenue of ₹39.83 Lakh, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹6.92 Lakh (net margin 17.4%) and EBITDA of ₹18.55 Lakh (EBITDA margin 46.6%). Revenue has declined at a compounded annual rate (CAGR) of 357% over three years and 8% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Festino Commerce has one previous CIN (Corporate Identification Number): U65921WB1991PTC052125. The current CIN is U65921KA1991PTC046700, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921KA1991PTC046700 | Current |
| U65921WB1991PTC052125 | Previous |
Contact details
Festino Commerce Pvt Ltd's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressFlat No.1102 Pride Regalia No.80/3 Hulimavu Bannerghatta Road, Bangalore, Karnataka, India – 560076
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Festino Commerce Pvt Ltd, 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 Festino Commerce is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Festino Commerce Pvt Ltd, buy the company report.
Financials of Festino Commerce Pvt Ltd
FY 2024 filings availableFestino Commerce Pvt Ltd reported revenue of ₹39.83 Lakh (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 2% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 8%. EBITDA rose 14% 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 | ₹18.55 Lakh | ||||
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| Net Profit (PAT) | ₹6.92 Lakh | ||||
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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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| Profitability | |||||
| EBITDA Margin | 46.6% | ||||
| Net Profit Margin | 17.4% | ||||
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To see the full financial statements and ratios of Festino Commerce Pvt Ltd, buy the company report.
Board of directors of Festino Commerce Pvt Ltd
Festino Commerce has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mayank Jain Also directs: Nipun Convertech Private Limited | Director | 29 May 2007 | 19 Years 4 Months | Current |
| Naveen Kumar Saraogi Also directs: Nipun Convertech Private Limited | Director | 29 May 2007 | 19 Years 4 Months | Current |
Auditor
Festino Commerce Pvt Ltd is audited by SHARMA & PAGARIA for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHARMA & PAGARIA | FY 2021 | 008217S |
Shareholding
The shareholding of Festino Commerce Pvt Ltd is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Festino Commerce Pvt Ltd, buy the company report.
Legal cases
No court or tribunal cases involving Festino Commerce Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Festino Commerce Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Festino Commerce Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Festino Commerce Pvt Ltd has 5 board changes on record since 2007: 2 appointments and 3 cessations. The latest: Anand Kumar Jain ceased to be Additional Director on 30 Nov 2021.
Frequently asked questions
Festino Commerce is an active private limited company based in Bangalore, Karnataka, India. The company works in nbfc, within the financial services industry. It was incorporated on 26 June 1991 (35+ years old) and is registered under CIN U65921KA1991PTC046700.
Festino Commerce has 2 current directors:
- Mayank Jain - Director
- Naveen Kumar Saraogi - Director
The latest financial statements of Festino Commerce 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 CIN (Corporate Identification Number) of Festino Commerce is U65921KA1991PTC046700. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Festino Commerce was incorporated on 26 June 1991, making it 35+ years old. It is registered with the Registrar of Companies, Bangalore.
Anand Kumar Jain ceased to be Additional Director on 30 Nov 2021. Abhishek Sharad ceased to be Director on 24 Dec 2008. Dinesh Kumar Agarwal ceased to be Director on 24 Dec 2008. Festino Commerce has 5 board changes on record in total.
The registered office of Festino Commerce is at Flat No.1102 Pride Regalia No.803 Hulimavu Bannerghatta Road, Bangalore, Karnataka, India – 560076.
Festino Commerce operates in the financial services industry, in the nbfc segment.
The compliance status of Festino Commerce is compliant as of 20 September 2026. The company is actively filing with the Registrar of Companies.
Festino Commerce can be reached at its registered office: Flat No.1102 Pride Regalia No.803 Hulimavu Bannerghatta Road, Bangalore, Karnataka, India – 560076.