Finovate Technology Platforms Private Limited
About Finovate Technology Platforms Private Limited
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Finovate Technology Platforms Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Lodha Ventures Holdings Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the diversified financial services segment of the financial services sector. It was incorporated on 01 June 2016.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2016PTC281901. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Yogesh Ashwinbhai Vadhwana and Ashokkumar Sureshchandra Tiwari.
Its last annual general meeting (AGM) was held on 25 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 7th Floor Lodha Excelus Apollo Mills Compound N. M. Joshi Marg Mahalaxmi, Mumbai, Maharashtra, India – 400011.
As per the financials filed for FY 2017, the company reported a revenue of ₹80,115. For the same year it recorded a net loss of ₹83.81 Lakh and EBITDA of -₹79.57 Lakh.
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
Company details
Contact details
Finovate Technology Platforms Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address7th Floor Lodha Excelus Apollo Mills Compound N. M. Joshi Marg Mahalaxmi, Mumbai, Maharashtra, India – 400011
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Finovate Technology Platforms Private 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
Financials of Finovate Technology Platforms Private Limited
FY 2017 filings availableFinovate Technology Platforms Private Limited reported revenue of ₹80,115 for FY 2017.
Financial Statement Summary
| Metrics | FY 2016-17 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹80,115 |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹79.57 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹83.81 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
| Metrics | FY 2016-17 |
|---|---|
| Profitability | |
| EBITDA Margin | |
| Net Profit Margin | |
| 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 | |
To see the full financial statements and ratios of Finovate Technology Platforms Private Limited, buy the company report.
Board of directors of Finovate Technology Platforms Private Limited
Finovate Technology Platforms has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogesh Ashwinbhai Vadhwana Also directs: Way Bound Advisory Services LLP, Vedapura Consulting Services LLP, Tomorrow Capital Advisors LLP and 5 more | Director | 30 Jun 2016 | 10 Years 3 Months | As last reported |
| Ashokkumar Sureshchandra Tiwari | Director | 30 Jun 2016 | 10 Years 3 Months | As last reported |
Auditor
Finovate Technology Platforms Private Limited is audited by SHANKER AND KAPANI for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHANKER AND KAPANI | FY 2017 | 117761W |
Shareholding
The shareholding of Finovate Technology Platforms Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Finovate Technology Platforms Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Finovate Technology Platforms Private Limited 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 Finovate Technology Platforms Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Finovate Technology Platforms has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Finovate Technology Platforms Private Limited, buy the company report.
Recent activity
Finovate Technology Platforms Private Limited has 7 board changes on record since 2016: 2 appointments and 5 cessations. The latest: Ashokkumar Sureshchandra Tiwari ceased to be Additional Director on 25 Sep 2017.
Frequently asked questions
Finovate Technology Platforms has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Finovate Technology Platforms was a private limited company based in Mumbai, Maharashtra, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 01 June 2016 and is registered under CIN U67190MH2016PTC281901. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Finovate Technology Platforms was incorporated on 01 June 2016. It is registered with the Registrar of Companies, Mumbai.
Finovate Technology Platforms had 2 directors:
- Yogesh Ashwinbhai Vadhwana - Director
- Ashokkumar Sureshchandra Tiwari - Director
The CIN (Corporate Identification Number) of Finovate Technology Platforms is U67190MH2016PTC281901. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Finovate Technology Platforms is at 7th Floor Lodha Excelus Apollo Mills Compound N. M. Joshi Marg Mahalaxmi, Mumbai, Maharashtra, India – 400011.
The latest financial statements of Finovate Technology Platforms on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 25 September 2017. Year-wise statements from FY 2017 are in the company report.
No. Finovate Technology Platforms has 1 GST registration on record and it is cancelled or inactive.
Finovate Technology Platforms operated in the financial services industry, in the diversified financial services segment.
Ashokkumar Sureshchandra Tiwari ceased to be Additional Director on 25 Sep 2017. Yogesh Ashwinbhai Vadhwana ceased to be Additional Director on 25 Sep 2017. Jaideep Tibrewala ceased to be Whole-Time Director on 10 Jun 2017. Finovate Technology Platforms has 7 board changes on record in total.