About Idfc Finance Limited
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Idfc Finance Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Idfc Projects 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 diversified financial services segment of the financial services sector. It was incorporated on 18 April 2000.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U45201MH2000PLC271333. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹40 Cr and a paid-up capital of ₹21 Cr. It was led by directors including Bipin Narandas Gemani (Manager) and Rajeev Uberoi.
Its last annual general meeting (AGM) was held on 09 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at C – 32 G Block Naman Chambers Bandra Kurla Complex Bandra East., Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2016, the company reported a revenue of ₹4.3 Cr, a growth of 120% compared to the previous year. For the same year it recorded a net profit of ₹2.82 Cr (net margin 65.6%) and EBITDA of ₹4.25 Cr (EBITDA margin 98.8%).
Court records list 12 cases involving the company, including 2 filed by the company and 10 filed against it; 6 cases are pending.
The last known website on record is idfc.com.
Company details
CIN history
Idfc Finance has one previous CIN (Corporate Identification Number): U45201DL2000PLC105292. The current CIN is U45201MH2000PLC271333, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201MH2000PLC271333 | Current |
| U45201DL2000PLC105292 | Previous |
Contact details
Idfc Finance Limited's registered office is in Mumbai, Maharashtra. Its website is idfc.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressC – 32 G Block Naman Chambers Bandra Kurla Complex Bandra East., Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Idfc Finance 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 Idfc Finance is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Idfc Finance Limited, buy the company report.
Financials of Idfc Finance Limited
FY 2016 filings availableIdfc Finance Limited reported revenue of ₹4.3 Cr (up 120% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 120% in the latest year. EBITDA rose 121% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹4.3 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹4.25 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹2.82 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 98.8% | |
| Net Profit Margin | 65.6% | |
| 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 Idfc Finance Limited, buy the company report.
Board of directors of Idfc Finance Limited
Idfc Finance has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bipin Narandas Gemani | Manager | 21 Apr 2009 | 17 Years 6 Months | As last reported |
| Rajeev Uberoi Also directs: Shalimar Paints Ltd, Jindal Stainless Limited, Il&Fs Transportation Networks Limited and 5 more | Director | 27 Jul 2010 | 16 Years 3 Months | As last reported |
| Mahendra Narandas Shah Also directs: Surekha Properties Limited | Director | 24 Jul 2015 | 11 Years 3 Months | As last reported |
| Sunil Kakar Also directs: Gic Housing Finance Limited, Unity Small Finance Bank Limited, Edelweiss Asset Management Limited and 2 more | Director | 24 Mar 2011 | 15 Years 7 Months | As last reported |
Auditor
Idfc Finance Limited is audited by Deloitte Haskins & Sells for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells | FY 2016 |
Shareholding
The shareholding of Idfc Finance Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Idfc Finance Limited, buy the company report.
Legal cases
Idfc Finance Limited has 12 court cases on record: 2 filed by Idfc Finance, 10 filed against it. 6 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 6 |
| High courts | 3 | 1 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Dindigul, Tamil Nadu | Court case (IP) | Filed against the company by an individual | Pending |
| District court, Kallakurichi, Tamil Nadu | Court case (IP) | Filed against the company | Pending |
| District court, Tiruppur, Tamil Nadu | Court case (IP) | Filed against the company | Pending |
| District court, Virudhunagar, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
| District court, Virudhunagar, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Idfc Finance 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 Idfc Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Idfc Finance has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Idfc Finance Limited, buy the company report.
Recent activity
Idfc Finance Limited has 10 board changes on record since 2009: 4 appointments and 6 cessations. The latest: Mahendra Narandas Shah ceased to be Additional Director on 29 Sep 2015.
1 earlier event is in the company report.
News
Frequently asked questions
Idfc Finance 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 Finance was a public limited company based in Mumbai, Maharashtra, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 18 April 2000 and is registered under CIN U45201MH2000PLC271333. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Idfc Finance was incorporated on 18 April 2000. It is registered with the Registrar of Companies, Mumbai.
Idfc Finance had 4 directors:
- Rajeev Uberoi - Director
- Mahendra Narandas Shah - Director
- Sunil Kakar - Director
- Bipin Narandas Gemani - Manager
The CIN (Corporate Identification Number) of Idfc Finance is U45201MH2000PLC271333. 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 Finance is at C – 32 G Block Naman Chambers Bandra Kurla Complex Bandra East., Mumbai, Maharashtra, India – 400051.
Idfc Finance can be reached through the website idfc.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Idfc Finance on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 09 September 2016. Year-wise statements from 2015 are in the company report.
No. Idfc Finance has 1 GST registration on record and it is cancelled or inactive.
Idfc Finance operated in the financial services industry, in the diversified financial services segment.
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