MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0011910
Finstars Capital Limited - financial services in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹13.1 Cr
▲ 51.12% YoY
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.05 Cr
Issued & subscribed
Open charges
₹60 Cr
Satisfied ₹14.85 Cr
Company age
37 yrs
Est. 1989
Employees · EPFO
111
Provident fund records
Directors on board
4
As per MCA filings
Active GSTINs
1
GST registered
About Finstars Capital Limited
Data last updated:
Finstars Capital Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 17 February 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65100GJ1989PLC112111. Its GSTIN is 24AACCG1893Q1Z4 (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.05 Cr. It was formerly known as Gopalka Motor Finance Ltd. It is led by directors including Barun More and Nisha More.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 701 7th Floor Pinnacle Business Park Opp. Royal Orchid Prahladnagar, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2023, the company reported a revenue of ₹13.1 Cr, a growth of 51.12% compared to the previous year.
The company has about 111 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Finstars Capital. As per MCA filings, the company has open charges of ₹60 Cr and satisfied charges of ₹14.85 Cr on record. Court records list 207 cases involving the company, including 205 filed by the company and 2 filed against it; 49 cases are pending.
Finstars Capital Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0011910). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website finstarscapital.com.
Company details
CIN U65100GJ1989PLC112111
Registration Number 112111
Incorporation Date 17 February 1989
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0011910
CIN history
Finstars Capital has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U65100GJ1989PLC112111, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65100GJ1989PLC112111 | Current |
| U34101WB1989PLC046283 | Previous |
| U65100WB1989PLC046283 | Previous |
Recognitions & Rankings of Finstars Capital
Contact details
Finstars Capital Limited's registered office is in Ahmedabad, Gujarat. Its website is finstarscapital.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address701 7th Floor Pinnacle Business Park Opp. Royal Orchid Prahladnagar, Ahmedabad, Gujarat, India – 380015
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Finstars Capital Limited, buy the company report.
Comprehensive company report
Finstars Capital Limited - one report that includes everything
- 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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Brands
Finstars Capital operates one associated brand: Finstars Capital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers loans and financial solutions to individuals and businesses in India. | finstarscapital.com |
Business activity
Finstars Capital operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Other financial activities |
To see the full business activity and turnover split of Finstars Capital Limited, buy the company report.
Financials of Finstars Capital Limited
FY 2025 filings availableFinstars Capital Limited reported revenue of ₹13.1 Cr (up 51.12% YoY) for FY 2023.
Revenue · FY 2023
₹13.1 Cr ▲ 51.12%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 51.12%
Revenue rose 51.12% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Revenue | ₹13.1 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Finstars Capital Limited, buy the company report.
Board of directors of Finstars Capital Limited
Finstars Capital has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Barun More | Director | 26 Apr 2017 | 9 Years 5 Months | Current |
| Nisha More | Director | 26 Apr 2017 | 9 Years 5 Months | Current |
| Umangkumar Navinbhai Thakkar | Director | 21 Aug 2017 | 9 Years 2 Months | Current |
| Ashishkumar Rajmalbhai Pancholi Also directs: Growmint Consultancy Services LLP | Director | 23 Mar 2019 | 7 Years 7 Months | Current |
Auditor
Finstars Capital Limited is audited by K P S J & ASSOCIATES LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K P S J & ASSOCIATES LLP | FY 2022 | 124845W/W100209 |
Shareholding
The shareholding of Finstars Capital Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Finstars Capital Limited, buy the company report.
Charges & borrowings
Open charges
₹60 Cr
Satisfied charges
₹14.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Aug 2024 | 101149842 | Others | ₹25 Cr | Open | |
| 29 Feb 2024 | 100888504 | Others | ₹3 Cr | Open | |
| 31 Mar 2023 | 100708822 | State Bank of India | ₹7 Cr | Open | |
| 14 Oct 2022 | 100622183 | Others | ₹10 Cr | Open | |
| 14 Oct 2022 | 100622225 | Others | ₹15 Cr | Open |
To see the full charge records of Finstars Capital Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Finstars Capital Limited has 207 court cases on record: 205 filed by Finstars Capital, 2 filed against it. 49 cases are pending and 158 are disposed.
Total cases
207
Filed by the company
205
Filed against the company
2
Pending
49
Disposed
158
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 207 | 2 | 49 |
Cases on record (5 of 207)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (RECO33C2-LC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (INS P) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed by the company against Dwarkadish Industries and Vijay Ishvarbhai Makvana | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Finstars Capital 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 Finstars Capital Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Finstars Capital Limited has a workforce of 111 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
111
Active EPFO establishments
1
Employee growth
19.35%
GST
Finstars Capital has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCG1893Q1Z4 | Gujarat | Active | 16 Apr 2018 |
To see the full GST registrations and return filing status of Finstars Capital Limited, buy the company report.
Recent activity
Finstars Capital Limited has 14 board changes on record since 1989: 9 appointments and 5 cessations. The latest: Miteshan Bindusagar Agrawal ceased to be Director on 17 Sep 2025.
AGM
Finstars Capital Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Miteshan Bindusagar Agrawal ceased to be Director.
Charges
A charge registered on 05 Feb 2024 via Charge ID 100874475 with Others was fully satisfied on 13 Aug 2025.
Charges
A charge registered on 30 Jun 2022 via Charge ID 100600672 with Others was fully satisfied on 18 Jun 2025.
Charges
A charge registered on 02 Nov 2021 via Charge ID 100499759 with Others was fully satisfied on 28 May 2025.
Charges
A charge registered on 31 Mar 2023 via Charge ID 100708865 with Others was fully satisfied on 14 Apr 2025.
Filing
Finstars Capital Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 29 Sep 2022 via Charge ID 100617138 with Others was fully satisfied on 26 Sep 2024.
Charges
A charge registered on 17 Sep 2022 via Charge ID 100615364 with Others was fully satisfied on 22 Sep 2024.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101149842 was registered on 30 Aug 2024.
Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100888504 was registered on 29 Feb 2024.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100874475 was registered on 05 Feb 2024.
25 earlier events are in the company report.
Frequently asked questions
Finstars Capital is an active public limited company based in Ahmedabad, Gujarat, India. The company works in nbfc, within the financial services industry. It was incorporated on 17 February 1989 (37+ years old) and is registered under CIN U65100GJ1989PLC112111.
Finstars Capital has 4 current directors:
- Barun More - Director
- Nisha More - Director
- Umangkumar Navinbhai Thakkar - Director
- Ashishkumar Rajmalbhai Pancholi - Director
The latest financial statements of Finstars Capital on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Finstars Capital is 24AACCG1893Q1Z4, registered in Gujarat.
The CIN (Corporate Identification Number) of Finstars Capital is U65100GJ1989PLC112111. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finstars Capital has 207 court cases on record: 205 filed by the company and 2 filed against it. 49 are pending.
Finstars Capital was incorporated on 17 February 1989, making it 37+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Miteshan Bindusagar Agrawal ceased to be Director on 17 Sep 2025. Miteshan Bindusagar Agrawal was appointed as Director on 28 Sep 2023. Ashishkumar Rajmalbhai Pancholi was appointed as Director on 23 Mar 2019. Finstars Capital has 14 board changes on record in total.
Yes, Finstars Capital is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0011910).
Finstars Capital can be reached through the website finstarscapital.com. Its registered office is in Ahmedabad, Gujarat, India.