About Acolyte Finserv Limited
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Acolyte Finserv Limited is a public limited company based in New Delhi, Delhi, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 29 February 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U65100DL1988PLC030798. Its GSTIN is 07AAACG1032D1ZE (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5.25 Cr and a paid-up capital of ₹5.23 Cr. It was formerly known as Gagan Metals Private Limited. It is led by directors including Anil Kumar Aggarwal and Vibha Jain.
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 39 1st Floor, Road No.35 Punjabi Bagh (West) New Delhi, Delhi, India – 110026.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.28 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.04 Cr (net margin 9.2%) and EBITDA of ₹1.57 Cr (EBITDA margin 13.9%). Revenue has grown at a compounded annual rate (CAGR) of 295% over three years and 137% over five years.
As per MCA filings, the company has satisfied charges of ₹22.5 Lakh on record. Court records list 19 cases involving the company, including 1 filed by the company and 18 filed against it; 14 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gaganmetals.com.
Company details
Name history
Acolyte Finserv has undergone 2 name changes throughout its history. The company was previously known as Gagan Metals Private Limited, and Acolyte Finserv Limited. The current legal name is Acolyte Finserv Limited.
| Company Name | Status |
|---|---|
| Acolyte Finserv Limited | Current |
| Gagan Metals Private Limited | Previous |
CIN history
Acolyte Finserv has one previous CIN (Corporate Identification Number): U27106DL1988PLC030798. The current CIN is U65100DL1988PLC030798, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65100DL1988PLC030798 | Current |
| U27106DL1988PLC030798 | Previous |
Contact details
Acolyte Finserv Limited's registered office is in New Delhi, Delhi. Its website is gaganmetals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address39 1st Floor, Road No.35 Punjabi Bagh (West) New Delhi, Delhi, India – 110026
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Acolyte Finserv 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
Business activity
The main business activity of Acolyte Finserv 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 Acolyte Finserv Limited, buy the company report.
Financials of Acolyte Finserv Limited
FY 2025 filings availableAcolyte Finserv Limited reported revenue of ₹11.28 Cr (up 6975% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 137% over five years. 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 | ₹1.57 Cr | ||||
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| Net Profit (PAT) | ₹1.04 Cr | ||||
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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 | 13.9% | ||||
| Net Profit Margin | 9.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Acolyte Finserv Limited, buy the company report.
Board of directors of Acolyte Finserv Limited
Acolyte Finserv has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Kumar Aggarwal Also directs: Radhey Mega Mart Private Limited, M C Bansal Steels Private Limited, Savitri Impex Private Limited and 1 more | Director | 12 Jan 1996 | 30 Years 9 Months | Current |
| Vibha Jain | Additional Director | 09 Oct 2025 | 1 Years 0 Months | Current |
| Asha Sharma Also directs: Jointolead Solutions Private Limited | Additional Director | 01 Aug 2025 | 1 Years 2 Months | Current |
| Sanjay Kumar Gupta Also directs: Aasg Chemicals & Engineer Private Limited | Additional Director | 01 Aug 2025 | 1 Years 2 Months | Current |
Peer comparison
Acolyte Finserv Limited is compared with the 6 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 (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pinnacle Capital Solutions Private Limited | ₹11.37 Cr (FY 2025) | -34.0% | Jamshedpur, Jharkhand, India | |||
| Paras Credit Capital Private Limited | ₹11.33 Cr (FY 2025) | -75.0% | Kolkata, West Bengal, India | |||
| Rors Finance Private Limited | ₹11.32 Cr (FY 2025) | 11.0% | Srinivasapur, Karnataka, India | |||
| Capup Financial Services Private Limited | ₹11.3 Cr (FY 2025) | 122.0% | Bangalore, Karnataka, India | |||
| Acolyte Finserv Limitedthis company | ₹11.28 Cr (FY 2025) | ₹1.04 Cr | 9.2% | 6975.0% | New Delhi, Delhi, India | |
| Lulu Financial Services (India) Private Limited | ₹11.25 Cr (FY 2025) | 98.0% | Kochi, Kerala, India | |||
| Didu Investments Private Limited | ₹11.22 Cr (FY 2019) | 85.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Acolyte Finserv Limited, buy the company report.
Auditor
Acolyte Finserv Limited is audited by Jain Jain & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jain Jain & Associates | FY 2022 | 009094N |
Shareholding
The shareholding of Acolyte Finserv 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 Acolyte Finserv Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jul 2016 | 100054040 | The South Indian Bank Limited | ₹22.5 Lakh | Satisfied |
To see the full charge records of Acolyte Finserv Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Acolyte Finserv Limited has 19 court cases on record: 1 filed by Acolyte Finserv, 18 filed against it. 14 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 16 | 13 |
| High courts | 2 | 2 | 1 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (I.C.) | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, Coimbatore, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Acolyte Finserv 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 Acolyte Finserv Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Acolyte Finserv has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACG1032D1ZE | Delhi | Active | 14 May 2024 |
| 09AAACG1032D1ZA | Uttar Pradesh | Active | 17 Dec 2024 |
To see the full GST registrations and return filing status of Acolyte Finserv Limited, buy the company report.
Recent activity
Acolyte Finserv Limited has 10 board changes on record since 1996: 7 appointments and 3 cessations. The latest: Alok Kumar Aggarwal ceased to be Director on 22 Nov 2025.
3 earlier events are in the company report.
Frequently asked questions
Acolyte Finserv is an active public limited company based in New Delhi, Delhi, India. The company works in nbfc, within the financial services industry. It was incorporated on 29 February 1988 (38+ years old) and is registered under CIN U65100DL1988PLC030798.
Acolyte Finserv has 4 current directors:
- Anil Kumar Aggarwal - Director
- Vibha Jain - Additional Director
- Asha Sharma - Additional Director
- Sanjay Kumar Gupta - Additional Director
The latest financial statements of Acolyte Finserv 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 Acolyte Finserv is 07AAACG1032D1ZE, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AAACG1032D1ZA (Uttar Pradesh).
The CIN (Corporate Identification Number) of Acolyte Finserv is U65100DL1988PLC030798. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Acolyte Finserv has 19 court cases on record: 1 filed by the company and 18 filed against it. 14 are pending. Most are in the district courts.
Acolyte Finserv was incorporated on 29 February 1988, making it 38+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Acolyte Finserv by revenue are Pinnacle Capital Solutions Private Limited, Paras Credit Capital Private Limited, Rors Finance Private Limited, Capup Financial Services Private Limited, Lulu Financial Services (India) Private Limited and 1 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Alok Kumar Aggarwal ceased to be Director on 22 Nov 2025. Anju Aggarwal ceased to be Director on 22 Nov 2025. Vibha Jain was appointed as Additional Director on 09 Oct 2025. Acolyte Finserv has 10 board changes on record in total.
Acolyte Finserv can be reached through the website gaganmetals.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Acolyte Finserv is at 39 1st Floor, Road No.35 Punjabi Bagh West New Delhi, Delhi, India – 110026.