Friendly Financial Services Pvt Ltd
About Friendly Financial Services Pvt Ltd
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Friendly Financial Services Pvt Ltd 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 24 January 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH1994PTC076185. Its GSTIN is 27AAACF0686L1ZE (Maharashtra).
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹2.7 Cr. It is led by directors including Devang Rohit Shah and Nirad Dhirajlal Mehta.
Its last annual general meeting (AGM) was held on 24 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 511 Maker Bhavan No. III 21 New Marine Lines, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.94 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹47.01 Lakh (net margin -2.9%) and EBITDA of -₹1.46 Lakh (EBITDA margin -0.1%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 34% over five years.
As per MCA filings, the company has open charges of ₹37.14 Lakh and satisfied charges of ₹1 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Friendly Financial Services Pvt Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address511 Maker Bhavan No. III 21 New Marine Lines, Mumbai, Maharashtra, India – 400020
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Friendly Financial Services Pvt Ltd, 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
Business activity
The main business activity of Friendly Financial Services is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Friendly Financial Services Pvt Ltd, buy the company report.
Financials of Friendly Financial Services Pvt Ltd
FY 2025 filings availableFriendly Financial Services Pvt Ltd reported revenue of ₹15.94 Cr (down 40% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 40% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 34%. EBITDA fell 101% 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 |
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| EBITDA | -₹1.46 Lakh | ||||
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| Net Profit (PAT) | -₹47.01 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -0.1% | ||||
| Net Profit Margin | -2.9% | ||||
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To see the full financial statements and ratios of Friendly Financial Services Pvt Ltd, buy the company report.
Board of directors of Friendly Financial Services Pvt Ltd
Friendly Financial Services has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devang Rohit Shah Also directs: Aaryan Buildspace LLP, Neminath Portfolio Management Services Private Limited, Niche Financial Services Private Limited and 1 more | Director | 24 Jan 1994 | 32 Years 8 Months | Current |
| Nirad Dhirajlal Mehta Also directs: Aaryan Buildspace LLP, Niche Financial Services Private Limited, Barabanki Energy Limited and 5 more | Director | 31 Aug 1994 | 32 Years 1 Months | Current |
| Maitry Devang Shah Also directs: Niche Financial Services Private Limited | Director | 24 Jan 1994 | 32 Years 8 Months | Current |
Peer comparison
Friendly Financial Services Pvt Ltd is compared with the 3 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ratna Nandan Commercials Pvt Ltd | ₹15.99 Cr (FY 2025) | -87.0% | Kolkata, West Bengal, India | |||
| Bakliwal Holdings Private Limited | ₹15.99 Cr (FY 2025) | 128.0% | New Delhi, Delhi, India | |||
| Goolestan Investments Private Limited | ₹15.96 Cr (FY 2025) | 61.0% | Mumbai, Maharashtra, India | |||
| Friendly Financial Services Pvt Ltdthis company | ₹15.94 Cr (FY 2025) | -₹47.01 Lakh | -2.9% | -40.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Friendly Financial Services Pvt Ltd, buy the company report.
Auditor
Friendly Financial Services Pvt Ltd is audited by GANDHI & LAKHANI for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GANDHI & LAKHANI | FY 2021 | 102969W |
Shareholding
The shareholding of Friendly Financial Services Pvt Ltd is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Friendly Financial Services Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Aug 2025 | 101149049 | Hdfc Bank Limited | ₹16.14 Lakh | Open | |
| 08 Dec 2023 | 100836593 | Hdfc Bank Limited | ₹21 Lakh | Open | |
| 31 May 2002 | 90159107 | Fiat Sundaram Auto Finance Ltd. | ₹1 Lakh | Satisfied |
To see the full charge records of Friendly Financial Services Pvt Ltd, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Friendly Financial Services Pvt Ltd 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 Friendly Financial Services Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Friendly Financial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACF0686L1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Friendly Financial Services Pvt Ltd, buy the company report.
Recent activity
Friendly Financial Services Pvt Ltd has 3 board changes on record since 1994: 3 appointments. The latest: Nirad Dhirajlal Mehta was appointed as Director on 31 Aug 1994.
Frequently asked questions
Friendly Financial Services 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 24 January 1994 (32+ years old) and is registered under CIN U67190MH1994PTC076185.
Friendly Financial Services has 3 current directors:
- Devang Rohit Shah - Director
- Nirad Dhirajlal Mehta - Director
- Maitry Devang Shah - Director
The latest financial statements of Friendly Financial Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Friendly Financial Services is 27AAACF0686L1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Friendly Financial Services is U67190MH1994PTC076185. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Friendly Financial Services was incorporated on 24 January 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Friendly Financial Services by revenue are Ratna Nandan Commercials Pvt Ltd, Bakliwal Holdings Private Limited, Goolestan Investments Private Limited, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (activities auxiliary to financial service and insurance activities).
Nirad Dhirajlal Mehta was appointed as Director on 31 Aug 1994. Devang Rohit Shah was appointed as Director on 24 Jan 1994. Maitry Devang Shah was appointed as Director on 24 Jan 1994.
The registered office of Friendly Financial Services is at 511 Maker Bhavan No. III 21 New Marine Lines, Mumbai, Maharashtra, India – 400020.
Friendly Financial Services operates in the financial services industry, in the nbfc segment.
Friendly Financial Services has open charges of ₹37.14 Lakh and satisfied charges of ₹1 Lakh as per latest MCA filings.