Free India Assurance Services Limited - Company Profile

It is a environment public limited company based in Mumbai, Maharashtra, India, established in 1998.
1998 Mumbai, Maharashtra, India Active
Last Updated:
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About Free India Assurance Services Limited

Free India Assurance Services Limited, a active public limited company, was established on 30 April 1998 in Mumbai, Maharashtra, India. Engaging in wind energy solutions within the construction sector, it holds CIN: U66010MH1998PLC114694. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹5.00 Cr and a paid-up capital of ₹3.96 Cr.

Formerly known as Free India Assurance Services Private Limited. It upholds a compliant status. Employing 9 professional, Its leadership includes Aakesh Suresh Chopra (Director), Shradha Manish Mehta (Director), Manish Gyanchand Mehta (Director). Past directors included Vinod Fekuram Jaiswal, Sunnil Waman Korgaonkar, Manish Gyanchand Mehta. It holds ₹3.00 M open charges and no settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at A -3210 ,Marathon Futurex,, Mafatlal Mills Compound ,N.M. Joshi Marg,, Mumbai, Maharashtra, 400013.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U66010MH1998PLC114694

  • Registration Number

    114694

  • Incorporation Date

    30 April 1998

  • Authorized Capital

    ₹5.00 Cr

  • Paid-Up Capital

    ₹3.96 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 3.96 Cr
  • Company Age 27 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 3.00 M
  • Revenue Growth **** 13.18%
  • Profit Growth **** 30.48%
  • Ebitda **** 24.70%
  • Net Worth -25.25%
  • Total Assets **** 49.14%
Company report

Free India Assurance Services Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Free India Assurance Services Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Free India Assurance Services Limited?
Current Directors
Name Designation Appointment Date Status
Aakesh Suresh Chopra Director 05 Feb 2006 Current
Shradha Manish Mehta Director 30 Sep 2022 Current
Manish Gyanchand Mehta Director 30 Dec 2020 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 06 Jun 2019 Past
Pramod Abcsdd Director 30 Sep 2022 Past
Pramod Abcsdd Director 06 Jun 2019 Past
Pramod Abcsdd Additional Director 30 Dec 2020 Past

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Financial Performance of Free India Assurance Services.

Free India Assurance Services Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 13.18% increase. The company also saw a substantial improvement in profitability, with a 30.48% increase in profit. The company's net worth observed a substantial decline by a decrease of 25.25%.

Free India Assurance Services revenue growth over time
Free India Assurance Services profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 13.18%
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Revenue from Operations
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 2.93%
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Total Assets
*******
 49.14%
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*******
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*******
Profit or Loss
*******
 30.48%
*******
*******
*******
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Net Worth
*******
 -25.25%
*******
*******
*******
*******
EBITDA
*******
 24.70%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Free India Assurance Services?

In 2021, Free India Assurance Services had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹3,001,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Hdfc Bank Limited : 0.20 Cr
  • Others : 0.10 Cr
Latest Charge Details
Date Lender Amount Status
22 Apr 2024 Others ₹1.00 M Open
24 Feb 2023 Hdfc Bank Limited ₹2.00 M Open

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How Many Employees Work at Free India Assurance Services?

Free India Assurance Services has a workforce of 9 employees as of Apr 03, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Free India Assurance Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Free India Assurance Services's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Free India Assurance Services
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Free India Assurance Services Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.

  • Charges

    Progress on A charge with Others amounted to Rs. 0.10 Cr with Charge ID 100926787 was registered on 22 Apr 2024. was documented.

  • Balance Sheet

    Free India Assurance Services Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was recorded as a recent event.

  • Charges

    The activity A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100757075 was registered on 24 Feb 2023. was completed.

  • Director Appointment

    The activity Shradha Manish Mehta was appointed as a Director was appointed as a Director on 30 Sep 2022 & has been associated with this company since 3 years 4 months . was completed.

  • Director Appointment

    Manish Gyanchand Mehta was appointed as a Director was appointed as a Director on 30 Dec 2020 & has been associated with this company since 5 years 1 month . was recorded as a recent event.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Free India Assurance Services Limited?

The CIN of Free India Assurance Services Limited is U66010MH1998PLC114694.

Where is Free India Assurance Services Limited headquartered?

Free India Assurance Services Limited is headquartered at A -3210 ,Marathon Futurex,, Mafatlal Mills Compound ,N.M. Joshi Marg,, Mumbai, Maharashtra, 400013.

When was Free India Assurance Services Limited incorporated?

Free India Assurance Services Limited was incorporated on 30 April 1998.

Who are the current directors of Free India Assurance Services Limited?

The current directors of Free India Assurance Services Limited are

What is the primary industry of Free India Assurance Services Limited?

The primary industry of Free India Assurance Services Limited is Construction.

Is Free India Assurance Services Limited a listed company?

Free India Assurance Services Limited is unlisted.

What is the capital structure of Free India Assurance Services Limited?

The authorized capital of Free India Assurance Services Limited is ₹5.00 Cr, and the paid-up capital is ₹3.96 Cr.

What is the compliance status of Free India Assurance Services Limited?

The compliance status of Free India Assurance Services Limited is Compliant.

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