About Finquest Financial Solutions Private Limited
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Finquest Financial Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 03 June 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH2004PTC146715. Its GSTIN is 27AAACF8117G1ZR (Maharashtra).
The company has an authorised share capital of ₹42 Cr and a paid-up capital of ₹31.9 Cr. It is led by directors including Hardik Bharat Patel (Managing Director) and Kalyani Sharma.
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 602 Boston House 6th Floor Suren Road Andheri (E), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹79.09 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net loss of ₹70.62 Cr (net margin -89.3%) and EBITDA of ₹181.54 Cr (EBITDA margin 229.5%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 18% over five years.
Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Finquest Finance and Finquest Group. As per MCA filings, the company has open charges of ₹15 Cr on record. Court records list 77 cases involving the company, including 34 filed by the company and 43 filed against it; 25 cases are pending. The company has 8 deals on record (5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹185.39 Cr; the latest was in January 2023. Its 9 peer companies in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 5 smaller; the largest is Laxminarayan Vyapaar Private Limited with revenue of ₹57.58 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website finquestgroup.com.
Company details
Contact details
Finquest Financial Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is finquestgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address602 Boston House 6th Floor Suren Road Andheri (E), Mumbai, Maharashtra, India – 400093
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Finquest Financial Solutions 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
Brands
Finquest Financial Solutions operates two associated brands: Finquest Finance and Finquest Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial investment solutions and group companies focused on markets and growth in India. | finquestgroup.com | |
| Financial solutions including lending and advisory services in India. | finquestfinance.in |
Business activity
The main business activity of Finquest Financial Solutions 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 Finquest Financial Solutions Private Limited, buy the company report.
Financials of Finquest Financial Solutions Private Limited
FY 2025 filings availableFinquest Financial Solutions Private Limited reported revenue of ₹79.09 Cr (down 20% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 20% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA rose 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
| 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 | ₹79.09 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹181.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹70.62 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Investments | |||||
| 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 | 229.5% | ||||
| Net Profit Margin | -89.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Inventory Days | |||||
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To see the full financial statements and ratios of Finquest Financial Solutions Private Limited, buy the company report.
Board of directors of Finquest Financial Solutions Private Limited
Finquest Financial Solutions has 5 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kalyani Sharma | Director | 07 Oct 2022 | 4 Years 0 Months | Current |
| B S Parashiva Murthy Also directs: Ballarpur Industries Limited, Jungbusch Ales India Private Limited, Genesis Resorts Private Limited and 2 more | Director | 29 Mar 2022 | 4 Years 6 Months | Current |
| Dhiren Shah Shevantilal Also directs: Anchor Pens and Stationery Private Limited, Rigata Tools Private Limited, MRK Healthcare Private Limited and 5 more | Director | 23 Jul 2020 | 6 Years 3 Months | Current |
| Hardik Bharat Patel Also directs: Ballarpur Industries Limited, Genesis Resorts Private Limited, Digjam Limited and 5 more | Managing Director | 25 Apr 2005 | 21 Years 5 Months | Current |
| Ruchit Bharat Patel Also directs: Genesis Resorts Private Limited, Digjam Limited, RNT Garments Private Limited and 5 more | Director | 19 Jan 2023 | 3 Years 9 Months | Current |
Peer comparison
Finquest Financial Solutions Private Limited is compared with the 9 companies closest to it by revenue in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important 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 |
|---|---|---|---|---|---|---|
| Finquest Financial Solutions Private Limitedthis company | ₹79.09 Cr (FY 2025) | -₹70.62 Cr | -89.3% | -20.0% | Mumbai, Maharashtra, India | |
| Laxminarayan Vyapaar Private Limited | ₹57.58 Cr (FY 2025) | -23.0% | Kolkata, West Bengal, India | |||
| Venkateswara Financiers Hyderabad Private Limited | ₹57.49 Cr (FY 2021) | -2.0% | Hyderabad, Telangana, India | |||
| Sakhi Barter Pvt Ltd | ₹56.92 Cr (FY 2025) | -54.0% | Kolkata, West Bengal, India | |||
| LNJ Financial Services Limited | ₹56.56 Cr (FY 2019) | 569.0% | Gurgaon, Haryana, India | |||
| Thar Commercial Finance Private Limited | ₹55.98 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Adventz Finance Private Limited | ₹55.75 Cr (FY 2019) | -22.0% | Kolkata, West Bengal, India | |||
| Tamilnadu Urban Finance and Infrastructure Development Corporation Limited | ₹55.74 Cr (FY 2024) | -18.0% | Chennai, Tamil Nadu, India | |||
| Abs Portfolio Pvt Ltd | ₹55.57 Cr (FY 2025) | 1646.0% | Kolkata, West Bengal, India | |||
| Sicom Limited | ₹55.2 Cr (FY 2025) | -43.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Finquest Financial Solutions Private Limited, buy the company report.
Auditor
Finquest Financial Solutions Private Limited is audited by R. C. Jain & Associates for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. C. Jain & Associates | FY 2019 | 103952W |
Shareholding
The shareholding of Finquest Financial Solutions Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Finquest Financial Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 May 2023 | 100730238 | Others | ₹15 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Finquest Financial Solutions Private Limited has 8 deals on record (5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹185.39 Cr; the latest was in January 2023.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Mar 2018 | Funding round | ₹136 Cr | Investors: 4 individuals |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Dec 2007 | Funding round | ₹6.72 Cr | Investors: Finquest Securities Private Limited , 2 individuals |
To see the full deal history of Finquest Financial Solutions 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
Finquest Financial Solutions Private Limited has 77 court cases on record: 34 filed by Finquest Financial Solutions, 43 filed against it. 25 cases are pending and 52 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 28 | 21 | 12 |
| High courts | 25 | 12 | 7 |
| District courts | 13 | 5 | 3 |
| NCLT | 7 | 2 | 2 |
| Supreme Court | 4 | 3 | 1 |
Cases on record (5 of 77)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case SC) | Filed by the company against Velex Logistics Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Edelweiss Asset Reconstruction Company Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Suraksha Asset Reconstruction Limited and 19 others | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Manpasand Beverages Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Edelweiss Asset Reconstruction Company Ltd and 3 others | Pending |
To see the full case history of Finquest Financial Solutions 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.
Credit ratings & regulatory alerts
Finquest Financial Solutions Private Limited was last rated by Brickwork on 14 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 14 Oct 2021 |
To see the full credit ratings and regulatory alerts of Finquest Financial Solutions Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Finquest Financial Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Finquest Financial Solutions has 2 subsidiary companies. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ballarpur Industries Limited | L21010MH1945PLC010337 | |
| Leggiuno India Private Limited | U17299MH2022PTC387543 |
To see the full group structure of Finquest Financial Solutions Private Limited, buy the company report.
GST
Finquest Financial Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACF8117G1ZR | Maharashtra | Active | 21 Aug 2017 |
To see the full GST registrations and return filing status of Finquest Financial Solutions Private Limited, buy the company report.
Recent activity
Finquest Financial Solutions Private Limited has 16 board changes on record since 2005: 5 appointments and 11 cessations. The latest: Kalyani Sharma ceased to be Additional Director on 29 Sep 2023.
8 earlier events are in the company report.
Frequently asked questions
Finquest Financial Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 03 June 2004 (22+ years old) and is registered under CIN U74140MH2004PTC146715.
Finquest Financial Solutions has 5 current directors:
- Hardik Bharat Patel - Managing Director
- Kalyani Sharma - Director
- B S Parashiva Murthy - Director
- Dhiren Shah Shevantilal - Director
- Ruchit Bharat Patel - Director
The latest financial statements of Finquest Financial Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Finquest Financial Solutions is 27AAACF8117G1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Finquest Financial Solutions is U74140MH2004PTC146715. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finquest Financial Solutions has 77 court cases on record: 34 filed by the company and 43 filed against it. 25 are pending. Most are in the nclat.
Finquest Financial Solutions was incorporated on 03 June 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Finquest Financial Solutions has 8 deals on record (5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹185.39 Cr; the latest was in January 2023.
The peers of Finquest Financial Solutions by revenue are Laxminarayan Vyapaar Private Limited, Venkateswara Financiers Hyderabad Private Limited, Sakhi Barter Pvt Ltd, LNJ Financial Services Limited, Thar Commercial Finance Private Limited and 4 more, all in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities).
Kalyani Sharma ceased to be Additional Director on 29 Sep 2023. Ruchit Bharat Patel ceased to be Additional Director on 29 Sep 2023. Ruchit Bharat Patel was appointed as Director on 19 Jan 2023. Finquest Financial Solutions has 16 board changes on record in total.
Finquest Financial Solutions can be reached through the website finquestgroup.com. Its registered office is in Mumbai, Maharashtra, India.