Harness Financial Services Private Limited
About Harness Financial Services Private Limited
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Harness Financial Services Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the diversified financial services segment of the financial services sector. It was incorporated on 02 April 2007.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH2007PTC169516.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹36.5 Lakh. It was led by directors Ashok Kumar Khandelwal and Pramod Mahadevlal Jain.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Room No. 1 Shree Ram Laxmi Niwas Chs Near Anthony Bakery Kolbad Thane West, Mumbai, Maharashtra, India – 400601.
As per the financials filed for FY 2021, the company reported a revenue of ₹43,188, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹1.75 Lakh (net margin -404.1%) and EBITDA of ₹34,276 (EBITDA margin 79.4%). Revenue has declined at a compounded annual rate (CAGR) of 72% over three years and 33% over five years.
Court records list 2 cases involving the company, including 2 filed by the company.
Company details
Contact details
Harness Financial Services Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressRoom No. 1 Shree Ram Laxmi Niwas Chs Near Anthony Bakery Kolbad Thane West, Mumbai, Maharashtra, India – 400601
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Harness Financial Services Private 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
Financials of Harness Financial Services Private Limited
FY 2021 filings availableHarness Financial Services Private Limited reported revenue of ₹43,188 (down 99% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 33% over five years, including a 99% fall in the latest year. EBITDA rose 102% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Total Expenses | |||||
| EBITDA | ₹34,276 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.75 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 79.4% | ||||
| Net Profit Margin | -404.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Harness Financial Services Private Limited, buy the company report.
Board of directors of Harness Financial Services Private Limited
Harness Financial Services has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Kumar Khandelwal Also directs: Auranova Energy Private Limited, Cross Border Synergy India Private Limited, Dhiraj & Dheeraj Advisors Private Limited and 1 more | Director | 01 Nov 2010 | 15 Years 11 Months | As last reported |
| Pramod Mahadevlal Jain | Director | 09 Oct 2020 | 6 Years 0 Months | As last reported |
Peer comparison
Harness Financial Services Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Other Financial Services), 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 |
|---|---|---|---|---|---|---|
| Rapid Technosoft Private Limited | ₹43,500 (FY 2025) | -26.0% | Meerut, Uttar Pradesh, India | |||
| Rashi Distributors Private Limited | ₹43,500 (FY 2021) | 6.0% | Kolkata, West Bengal, India | |||
| Digital Vincom Private Limited | ₹43,192 (FY 2023) | -90.0% | Kolkata, West Bengal, India | |||
| Harness Financial Services Private Limitedthis company | ₹43,188 (FY 2021) | -₹1.75 Lakh | -404.1% | -99.0% | Mumbai, Maharashtra, India | |
| Manuelsons Investments and Leasing Company Private Limited | ₹43,033 (FY 2024) | -97.0% | Chennai, Tamil Nadu, India | |||
| Mantri Complex Private Limited | ₹43,010 (FY 2024) | 38.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Harness Financial Services Private Limited, buy the company report.
Auditor
Harness Financial Services Private Limited is audited by BAKLIWAL & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BAKLIWAL & CO | FY 2019 | 130381W |
Shareholding
The shareholding of Harness Financial Services Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Harness Financial Services Private Limited, buy the company report.
Legal cases
Harness Financial Services Private Limited has 2 court cases on record: 2 filed by Harness Financial Services. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Harness Financial Services Private 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 Harness Financial Services Private 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 Harness Financial Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Harness Financial Services Private Limited has 11 board changes on record since 2009: 2 appointments and 9 cessations. The latest: Pramod Mahadevlal Jain ceased to be Additional Director on 28 Dec 2020.
2 earlier events are in the company report.
Frequently asked questions
Harness Financial Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Harness Financial Services was a private limited company based in Mumbai, Maharashtra, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 02 April 2007 and is registered under CIN U65990MH2007PTC169516. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Harness Financial Services was incorporated on 02 April 2007. It is registered with the Registrar of Companies, Mumbai.
Harness Financial Services had 2 directors:
- Ashok Kumar Khandelwal - Director
- Pramod Mahadevlal Jain - Director
The CIN (Corporate Identification Number) of Harness Financial Services is U65990MH2007PTC169516. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Harness Financial Services is at Room No. 1 Shree Ram Laxmi Niwas Chs Near Anthony Bakery Kolbad Thane West, Mumbai, Maharashtra, India – 400601.
The latest financial statements of Harness Financial Services on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
Harness Financial Services operated in the financial services industry, in the diversified financial services segment.
The peers of Harness Financial Services by revenue are Rapid Technosoft Private Limited, Rashi Distributors Private Limited, Digital Vincom Private Limited, Manuelsons Investments and Leasing Company Private Limited, Mantri Complex Private Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Harness Financial Services has 2 court cases on record: 2 filed by the company.
Pramod Mahadevlal Jain ceased to be Additional Director on 28 Dec 2020. Bhanwarlal Munnalal Rathi ceased to be Director on 09 Oct 2020. Pramod Mahadevlal Jain was appointed as Director on 09 Oct 2020. Harness Financial Services has 11 board changes on record in total.
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