About GFL Financials India Limited
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GFL Financials India Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 01 July 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN L67120MP1992PLC007196. It is recorded as listed by MCA, but its shares were delisted from BSE on 23 Nov 2023 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹3.4 Cr and a paid-up capital of ₹3 Cr. It is led by director Naresh Nagindas Shah.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 224 – A Manavata Nagar Kanadia Road, Indore, Madhya Pradesh, India – 452016.
As per the financials filed for FY 2017, the company reported a revenue of ₹87.6 Lakh, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹8,810 (net margin -0.1%) and EBITDA of ₹26,569 (EBITDA margin 0.3%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 46% over five years.
The company is associated with 1 brand: GFL Financials India. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending. The company has 124 deals on record (124 market trades); the latest was in March 2015.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gflfin.com.
Company details
CIN history
GFL Financials India has one previous CIN (Corporate Identification Number): U67120MP1992PLC007196. The current CIN is L67120MP1992PLC007196, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L67120MP1992PLC007196 | Current |
| U67120MP1992PLC007196 | Previous |
Contact details
GFL Financials India Limited's registered office is in Indore, Madhya Pradesh. Its website is gflfin.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address224 – A Manavata Nagar Kanadia Road, Indore, Madhya Pradesh, India – 452016
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of GFL Financials India 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
Brands
GFL Financials India operates one associated brand: GFL Financials India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial consultancy, share broking, and derivatives trading services are offered. | gflfin.com |
Business activity
The main business activity of GFL Financials India 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 GFL Financials India Limited, buy the company report.
Financials of GFL Financials India Limited
FY 2018 filings availableGFL Financials India Limited reported revenue of ₹87.6 Lakh (down 47% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 46% over five years, including a 47% fall 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹87.6 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹26,569 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹8,810 | ||
| 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0.3% | ||
| Net Profit Margin | -0.1% | ||
| 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 | |||
To see the full financial statements and ratios of GFL Financials India Limited, buy the company report.
Board of directors of GFL Financials India Limited
GFL Financials India has 1 current director and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Nagindas Shah Also directs: India Polyspin Limited, Sapan Chemicals Limited, Fast Track Entertainment Limited and 3 more | Director | 20 May 2009 | 17 Years 5 Months | Current |
Auditor
GFL Financials India Limited is audited by MODI MEHTA & ASSOCIATES LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MODI MEHTA & ASSOCIATES LLP | FY 2017 | 120894W |
Shareholding
The shareholding of GFL Financials India Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of GFL Financials India Limited, buy the company report.
Deals & funding
GFL Financials India Limited has 124 deals on record (124 market trades); the latest was in March 2015.
Deals on record (5 of 124)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Market trade | ₹3.2 Lakh | Buyer: Heema Infocom Limited |
| Feb 2015 | Market trade | ₹7.9 Lakh | Buyer: R.C.G.Finance Pvt Ltd Seller: an individual |
| Mar 2013 | Market trade | ₹2.36 Cr | Buyer: Cornhill Trading Company Private Limited , Cornhill Trading Company Private Limited , 2 individuals Seller: Inventure Growth and Securities Limited |
| Apr 2012 | Market trade | ₹38.6 Lakh | Buyer: 3 individuals Seller: Pragati Shares & Stock Services Pro.Naresh Nagindas Shah, Sonal International Limited |
| Mar 2012 | Market trade | ₹39 Lakh | Buyer: 2 individuals Seller: Sonal International Limited , an individual |
To see the full deal history of GFL Financials India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
GFL Financials India Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gwalior, Madhya Pradesh | Court case (RCT) | Filed against the company by Company Registrar | Pending |
To see the full case history of GFL Financials India 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 GFL Financials India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for GFL Financials India Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
GFL Financials India Limited has 45 board changes on record since 1992: 23 appointments and 22 cessations. The latest: Alkaben Ajaykumar Jadhav ceased to be Additional Director on 11 Apr 2019.
36 earlier events are in the company report.
Frequently asked questions
GFL Financials India is an active public limited company based in Indore, Madhya Pradesh, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 01 July 1992 (34+ years old) and is registered under CIN L67120MP1992PLC007196.
GFL Financials India has 1 current director:
- Naresh Nagindas Shah - Director
The latest financial statements of GFL Financials India on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of GFL Financials India is L67120MP1992PLC007196. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GFL Financials India is recorded as a listed company by MCA, but its shares were delisted from BSE on 23 Nov 2023 · compulsory delisting, and no longer trade on a stock exchange.
GFL Financials India has 2 court cases on record: 2 filed against it. 2 are pending.
GFL Financials India was incorporated on 01 July 1992, making it 34+ years old. It is registered with the Registrar of Companies, Gwalior.
GFL Financials India has 124 deals on record (124 market trades); the latest was in March 2015.
Alkaben Ajaykumar Jadhav ceased to be Additional Director on 11 Apr 2019. Ketan Kantilal Shah ceased to be Director on 11 Apr 2019. Dhaval Ranjitbhai Jadhav ceased to be Additional Director on 05 Feb 2019. GFL Financials India has 45 board changes on record in total.
GFL Financials India can be reached through the website gflfin.com. Its registered office is in Indore, Madhya Pradesh, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
