FGS Limited
About FGS Limited
Data last updated:
FGS Limited is a public limited company based in Ghaziabad, Uttar Pradesh, India. It operates in the health insurance providers segment of the financial services sector. It was incorporated on 21 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U93000UP2019PLC113940. Its GSTIN is 09AADCF6577F1ZC (Uttar Pradesh). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Mahkin Chauhan and Mahesh Kumar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at H. No. 1105 Emeralo – 1 Gardenia Glamour Sector 3 Vasundhara, Ghaziabad, Uttar Pradesh, India – 201012.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.11 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹3.25 Lakh (net margin 0.6%) and EBITDA of ₹23.36 Lakh (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 181% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressH. No. 1105 Emeralo – 1 Gardenia Glamour Sector 3 Vasundhara, Ghaziabad, Uttar Pradesh, India – 201012
- IndustryFinancial Services, Health Insurance Providers
- 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 of FGS Limited
The main business activity of FGS is financial and insurance service. In detail, this covers life/non-life insurance and reinsurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K3 | Life/Non-life Insurance and Reinsurance activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of FGS Limited FY 2025 filings available
FGS Limited reported revenue of ₹5.11 Cr (up 14% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of FGS Limited
Revenue has grown at a compounded annual rate (CAGR) of 181% over three years, including 14% growth in the latest year. EBITDA fell 8% 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 of FGS Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹23.36 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.25 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of FGS Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.6% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of FGS are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of FGS Limited
FGS Limited is compared with the companies closest to it by revenue in the BFSI industry (Health Insurance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Medsave Health Insurance Tpa Limited | ₹25.04 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Technocraze Computing Solution Private Limited | ₹16.55 Cr (FY 2024) | •••• | •••• | 47.0% | •••• | Delhi, India |
| Claimbuddy Technologies Private Limited | ₹14.6 Cr (FY 2025) | •••• | •••• | 63.0% | •••• | Haryana, India |
| Eexpedise Healthcare Private Limited | ₹11.17 Cr (FY 2023) | •••• | •••• | 12.0% | •••• | Delhi, India |
| Chnhb Health Insurance Co. Limited | ₹10.33 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Kolkata, West Bengal, India |
| FGS Limited this company | ₹5.11 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Bimahub Insurance Web Aggregator Private Limited | ₹4.89 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Delhi, India |
| Prost Technologies Private Limited | ₹3.7 Cr (FY 2025) | •••• | •••• | 117.0% | •••• | Bengaluru, Karnataka, India |
| Safetynet Insurance Services Private Limited | ₹2.84 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Mumbai, Maharashtra, India |
| Haxar Insurance Services Private Limited | ₹2.48 Cr (FY 2025) | •••• | •••• | 78.0% | •••• | Mumbai, Maharashtra, India |
| Family First Advisory Private Limited | ₹1.6 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below FGS by revenue in the BFSI industry (Health Insurance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of FGS Limited
FGS has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahkin Chauhan | Director | 05 Oct 2022 | 4 Years 0 Months | Current |
| Mahesh Kumar Also directs: FGS Insurance Broking Private Limited | Director | 05 Oct 2022 | 4 Years 0 Months | Current |
| Anuradha Chauhan Also directs: Manura Wealth Imf Private Limited | Director | 23 Nov 2024 | 1 Years 10 Months | Current |
Charges & Borrowings of FGS Limited
FGS Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at FGS Limited
Employment history and EPFO contributions of people linked to FGS.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of FGS Limited
FGS has one previous CIN (Corporate Identification Number): U93000UP2019PTC113940. The current CIN is U93000UP2019PLC113940, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93000UP2019PLC113940 | Current |
| U93000UP2019PTC113940 | Previous |
Recent Activity on FGS Limited
FGS Limited has 5 board changes on record since 2022: 3 appointments and 2 cessations. The latest: Anuradha Chauhan was appointed as Director on 23 Nov 2024.
Credit Ratings, Litigation & Regulatory Alerts for FGS Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by FGS Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of FGS Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of FGS Limited
FGS has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AADCF6577F1ZC | Uttar Pradesh | Active | 09 Jun 2022 |
| 07AADCF6577F1ZG | Delhi | Active | 13 Aug 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of FGS Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about FGS Limited
FGS is an active public limited company based in Ghaziabad, Uttar Pradesh, India. The company works in health insurance providers, within the financial services industry. It was incorporated on 21 February 2019 (7+ years old) and is registered under CIN U93000UP2019PLC113940.
FGS reported revenue of ₹5.11 Cr for FY 2024 (up 14% YoY).
FGS has 3 current directors:
- Mahkin Chauhan - Director
- Mahesh Kumar - Director
- Anuradha Chauhan - Director
FGS reported a net profit of ₹3.25 Lakh (net margin 0.6%) and EBITDA of ₹23.36 Lakh (EBITDA margin 4.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of FGS is 181% over three years. In the latest year (FY 2024) revenue rose 14%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of FGS is 09AADCF6577F1ZC, registered in Uttar Pradesh. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 07AADCF6577F1ZG (Delhi).
The CIN (Corporate Identification Number) of FGS is U93000UP2019PLC113940. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
FGS was incorporated on 21 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Kanpur.
The peers of FGS by revenue are Medsave Health Insurance Tpa Limited, Technocraze Computing Solution Private Limited, Claimbuddy Technologies Private Limited, Eexpedise Healthcare Private Limited, Chnhb Health Insurance Co. Limited and 5 more, all in the BFSI industry (Health Insurance).
Anuradha Chauhan was appointed as Director on 23 Nov 2024. Anuradha Chauhan ceased to be Director on 12 Oct 2022. Sunit Kumar ceased to be Director on 12 Oct 2022. FGS has 5 board changes on record in total.
The registered office of FGS is at H. No. 1105 Emeralo – 1 Gardenia Glamour Sector 3 Vasundhara, Ghaziabad, Uttar Pradesh, India – 201012.