About Idfc Alternatives Limited
Data last updated:
Idfc Alternatives Limited was a public limited company based in Teynampet, Tamil Nadu, India, operated as a subsidiary of Idfc Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the investment banking and advisory segment of the financial services sector. It was incorporated on 07 November 2002.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U67190TN2002PLC132310. Its GSTIN is 27AABCI0920K1ZR (Maharashtra). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹227 Cr and a paid-up capital of ₹21.99 Lakh. It was led by directors including Bipin Narandas Gemani and Shivangi Maheshkumar Mistry.
Its last annual general meeting (AGM) was held on 26 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 4th Floor Capitale Tower 555 Anna Salai Thiru VI Ka Kudiyiruppu, Teynampet, Tamil Nadu, India – 600018.
As per the financials filed for FY 2022, the company reported a revenue of ₹41.72 Cr, a growth of 70% compared to the previous year. For the same year it recorded a net profit of ₹32.64 Cr (net margin 78.2%) and EBITDA of -₹38 Lakh (EBITDA margin -0.9%). Revenue has declined at a compounded annual rate (CAGR) of 20% over five years.
The company had about 33 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: IDFC. As per MCA filings, the company had satisfied charges of ₹200 Cr on record. The company has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in November 2019.
The last known website on record is idfc.com.
Company details
CIN history
Idfc Alternatives has one previous CIN (Corporate Identification Number): U67190MH2002PLC137798. The current CIN is U67190TN2002PLC132310, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190TN2002PLC132310 | Current |
| U67190MH2002PLC137798 | Previous |
Contact details
Idfc Alternatives Limited's registered office is in Teynampet, Tamil Nadu. Its website is idfc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4th Floor Capitale Tower 555 Anna Salai Thiru VI Ka Kudiyiruppu, Teynampet, Tamil Nadu, India – 600018
- IndustryFinancial Services, Investment Banking & Advisory
To see the full contact details of Idfc Alternatives 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 Idfc Alternatives Limited
FY 2022 filings availableIdfc Alternatives Limited reported revenue of ₹41.72 Cr (up 70% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 70% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 20%. 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹41.72 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹38 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹32.64 Cr | ||||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.9% | ||||
| Net Profit Margin | 78.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Idfc Alternatives Limited, buy the company report.
Board of directors of Idfc Alternatives Limited
Idfc Alternatives has 3 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bipin Narandas Gemani | Nominee Director | 29 Jun 2018 | 8 Years 4 Months | As last reported |
| Shivangi Maheshkumar Mistry | Additional Director | 30 Sep 2022 | 4 Years 1 Months | As last reported |
| Mahendra Narandas Shah Also directs: Surekha Properties Limited | Nominee Director | 29 Jun 2018 | 8 Years 4 Months | As last reported |
Auditor
Idfc Alternatives Limited is audited by Khimji Kunverji & Co LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Khimji Kunverji & Co LLP | FY 2022 | 105146W/W100621 |
Shareholding
The shareholding of Idfc Alternatives Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Idfc Alternatives Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jun 2020 | 100353459 | Others | ₹200 Cr | Satisfied |
To see the full charge records of Idfc Alternatives Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Idfc Alternatives Limited has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in November 2019.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: IDFC Limited & Bimal Kishor Giri, Idfc Limited , IDFC Limited & Nirav Shah Seller: Idfc Financial Holding Company Limited & Mayuri Chhichhiya, Idfc Financial Holding Company Limited , Idfc Financial Holding Company & Amol Ranade |
| Apr 2015 | Secondary share transfer | Undisclosed | Buyer: Idfc Financial Holding Company Limited , Idfc Financial Holding Company Limited & Bipin Gemani, Idfc Financial Holding Company & Rajiv B Lall Seller: Idfc Limited , Idfc Limited & Rajiv B Lall, Idfc Limited & Vikram Limaye |
| Sep 2014 | Acquisition | ₹200 Cr | Buyer: Idfc Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Idfc Alternatives Limited 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 Idfc Alternatives Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Idfc Alternatives Limited has a workforce of 33 employees on its EPFO records as of Mar 24, 2024, across 1 active EPFO establishment.
GST
Idfc Alternatives has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI0920K1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Idfc Alternatives Limited, buy the company report.
Recent activity
Idfc Alternatives Limited has 23 board changes on record since 2007: 3 appointments and 20 cessations. The latest: Shivangi Maheshkumar Mistry was appointed as Additional Director on 30 Sep 2022.
16 earlier events are in the company report.
News
Frequently asked questions
Idfc Alternatives 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.
Idfc Alternatives was a public limited company based in Teynampet, Tamil Nadu, India. The company worked in investment banking and advisory, within the financial services industry. It was incorporated on 07 November 2002 and is registered under CIN U67190TN2002PLC132310. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Idfc Alternatives was incorporated on 07 November 2002. It is registered with the Registrar of Companies, Chennai.
Idfc Alternatives had 3 directors:
- Bipin Narandas Gemani - Nominee Director
- Shivangi Maheshkumar Mistry - Additional Director
- Mahendra Narandas Shah - Nominee Director
The CIN (Corporate Identification Number) of Idfc Alternatives is U67190TN2002PLC132310. 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 Idfc Alternatives is at 4th Floor Capitale Tower 555 Anna Salai Thiru VI Ka Kudiyiruppu, Teynampet, Tamil Nadu, India – 600018.
Idfc Alternatives can be reached through the website idfc.com. Its registered office is in Teynampet, Tamil Nadu, India.
The latest financial statements of Idfc Alternatives on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 26 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Idfc Alternatives is 27AABCI0920K1ZR, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Idfc Alternatives operated in the financial services industry, in the investment banking and advisory segment.
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