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.
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- Registered Address511 Maker Bhavan No. III 21 New Marine Lines, Mumbai, Maharashtra, India – 400020
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- 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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Business Activity of Friendly Financial Services Pvt Ltd
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Friendly Financial Services Pvt Ltd FY 2025 filings available
Friendly Financial Services Pvt Ltd reported revenue of ₹15.94 Cr (down 40% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Friendly Financial Services Pvt Ltd
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 of Friendly Financial Services Pvt Ltd
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.46 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹47.01 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 of Friendly Financial Services Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -2.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Friendly Financial Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
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 of Friendly Financial Services Pvt Ltd
Friendly Financial Services Pvt Ltd is compared with the companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Duddu Fin-Lease Limited | ₹16.01 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
| 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 |
| STFT Finance Private Limited | ₹15.95 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | Gurgaon, Haryana, India |
| Friendly Financial Services Pvt Ltd this company | ₹15.94 Cr (FY 2025) | •••• | •••• | -40.0% | •••• | Mumbai, Maharashtra, India |
| B P Securities (India) Private Limited | ₹15.9 Cr (FY 2025) | •••• | •••• | 552.0% | •••• | Delhi, India |
| Ricon Commodities Pvt.Ltd. | ₹15.89 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Kolkata, West Bengal, India |
| Classic Barter Pvt. Ltd. | ₹15.89 Cr (FY 2025) | •••• | •••• | 104.0% | •••• | Kolkata, West Bengal, India |
| Solex Commercial & Credit Pvt Ltd | ₹15.89 Cr (FY 2025) | •••• | •••• | -52.0% | •••• | Hyderabad, Telangana, India |
| Nightingale Finance and Leasing Limited | ₹15.85 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Haryana, India |
Peers are the five companies nearest above and the five nearest below Friendly Financial Services by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Friendly Financial Services Pvt Ltd
Friendly Financial Services Pvt Ltd is audited by GANDHI & LAKHANI for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GANDHI & LAKHANI | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Friendly Financial Services Pvt Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Friendly Financial Services Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Aug 2025 | Hdfc Bank Limited | ₹16.14 Lakh | Open |
| 08 Dec 2023 | Hdfc Bank Limited | ₹21 Lakh | Open |
| 31 May 2002 | Fiat Sundaram Auto Finance Ltd. | ₹1 Lakh | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Friendly Financial Services Pvt Ltd
Employment history and EPFO contributions of people linked to Friendly Financial Services.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Friendly Financial Services Pvt Ltd
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.
Credit Ratings, Litigation & Regulatory Alerts for Friendly Financial Services Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Friendly Financial Services Pvt Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Friendly Financial Services Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Friendly Financial Services Pvt Ltd
Friendly Financial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACF0686L1ZE | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Friendly Financial Services Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Friendly Financial Services Pvt Ltd
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 reported revenue of ₹15.94 Cr for FY 2025 (down 40% YoY).
Friendly Financial Services has 3 current directors:
- Devang Rohit Shah - Director
- Nirad Dhirajlal Mehta - Director
- Maitry Devang Shah - Director
Friendly Financial Services reported a net loss of ₹47.01 Lakh (net margin -2.9%) and EBITDA of -₹1.46 Lakh (EBITDA margin -0.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Friendly Financial Services is -10% over three years and 34% over five years. In the latest year (FY 2025) revenue fell 40%. CAGR is the steady yearly rate that links the first and the last year.
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 Duddu Fin-Lease Limited, Ratna Nandan Commercials Pvt Ltd, Bakliwal Holdings Private Limited, Goolestan Investments Private Limited, STFT Finance Private Limited and 5 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC).
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.