About Inditrade Fincorp Limited
Data last updated:
Inditrade Fincorp Limited is a public limited company based in Kochi, Kerala, India, a subsidiary of Inditrade Capital Limited. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 06 September 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65923KL2007PLC021180. Its GSTIN is 32AABCJ9476F1ZH (Kerala). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹54.82 Cr. It was formerly known as Jrg Fincorp Limited. It is led by directors including Sudip Bandyopadhyay and Jhuma Guha.
Its last annual general meeting (AGM) was held on 06 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Second Floor M E S Building Kaloor, Kochi, Kerala, India – 682017.
As per the financials filed for FY 2024, the company reported a revenue of ₹42.37 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹13.66 Cr (net margin 32.2%) and EBITDA of ₹29.39 Cr (EBITDA margin 69.4%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 7% over five years.
The company has about 59 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹56 Cr and satisfied charges of ₹200.5 Cr on record. Court records list 182 cases involving the company, including 172 filed by the company and 6 filed against it; 52 cases are pending. The company has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹26.4 Cr; the latest was in February 2016. Its 10 peer companies in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies) are compared by revenue, 5 larger and 5 smaller; the largest is Sirsa Deposits and Advances Limited with revenue of ₹42.7 Cr. The company has 2 MSME Form 1 returns on record between 2023 and 2024, listing 42 overdue payments to 20 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website inditrade.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSecond Floor M E S Building Kaloor, Kochi, Kerala, India – 682017
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
- 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
- One PDF report, delivered after checkout
Business Activity of Inditrade Fincorp Limited
The main business activity of Inditrade Fincorp is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Inditrade Fincorp Limited FY 2024 filings available
Inditrade Fincorp Limited reported revenue of ₹42.37 Cr (down 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Inditrade Fincorp Limited
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA rose 223% 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 of Inditrade Fincorp Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹42.37 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹29.39 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.66 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 of Inditrade Fincorp Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 69.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 32.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Inditrade Fincorp are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Inditrade Fincorp Limited
Inditrade Fincorp Limited is compared with the companies closest to it by revenue in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sirsa Deposits and Advances Limited | ₹42.7 Cr (FY 2024) | •••• | •••• | 36.0% | •••• | Mohali, Punjab, India |
| Geo VPL Finance Limited | ₹42.54 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Kochi, Kerala, India |
| PCR Investments Limited | ₹42.53 Cr (FY 2020) | •••• | •••• | 160.0% | •••• | Chennai, Tamil Nadu, India |
| Shree Biradev Finance Private Limited | ₹42.46 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Kalaburgi, Karnataka, India |
| Scud Finlease Limited | ₹42.43 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Delhi, India |
| Inditrade Fincorp Limited this company | ₹42.37 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | Kochi, Kerala, India |
| Jalaj Trading and Investment Co Pvt Ltd | ₹42.28 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Mumbai, Maharashtra, India |
| Karvy Capital Limited | ₹41.91 Cr (FY 2019) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Phillip Finance & Investment Services India Private Limited | ₹41.87 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
| Srinidhi Credit Private Limited | ₹41.81 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Chennai, Tamil Nadu, India |
| Glaxo Finance Private Limited | ₹41.68 Cr (FY 2024) | •••• | •••• | 211.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Inditrade Fincorp by revenue in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Inditrade Fincorp Limited
Inditrade Fincorp Limited is audited by NGS & Co. LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NGS & Co. LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Inditrade Fincorp Limited
Inditrade Fincorp has 4 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudip Bandyopadhyay Also directs: VST Industries Limited, Inditrade Capital Limited, Inditrade Rural Marketing Limited and 4 more | Director | 15 Feb 2016 | 10 Years 7 Months | Current |
| Jhuma Guha Also directs: Inditrade Capital Limited, Inditrade Scalerator Limited, Inditrade Microfinance Limited and 3 more | Director | 29 Jun 2017 | 9 Years 3 Months | Current |
| Vijay Chugh Also directs: Inditrade Microfinance Limited, Arka Fincap Limited | Director | 03 Aug 2018 | 8 Years 2 Months | Current |
| Kerachan Ayyappan Somasekharan | Director | 15 Feb 2016 | 10 Years 7 Months | Current |
Ownership and Shareholding of Inditrade Fincorp Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Inditrade Fincorp Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Dec 2022 | Others | ₹5 Cr | Open |
| 31 Dec 2022 | Others | ₹5 Cr | Open |
| 21 Jan 2022 | State Bank of India | ₹20 Cr | Open |
| 06 Jul 2021 | Others | ₹19 Cr | Open |
| 30 Sep 2020 | Others | ₹5 Cr | Open |
Total charge records: 19 View all charges
Deals & Funding of Inditrade Fincorp Limited
Inditrade Fincorp Limited has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹26.4 Cr; the latest was in February 2016.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2016 | Secondary share transfer | Undisclosed | Buyer: Athena India Opportunities Seller: Baring Private Equity Partners India |
| Nov 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| May 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2008 | Funding round | ₹26.4 Cr | Investors: Baring Private Equity Partners India |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Inditrade Fincorp Limited
Inditrade Fincorp Limited has 182 court cases on record: 172 filed by Inditrade Fincorp, 6 filed against it, 4 where it is another party. 52 cases are pending and 130 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 168 | 5 | 47 |
| High courts | 14 | 1 | 5 |
Cases on record (5 of 182)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Idfc First Bank Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Idfc First Bank Limited | Pending |
| High Court of Kerala | Writ petition | Filed by the company against Reserve Bank Innovation Hub | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Dhiyara Technology Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Curetic Biotechs Private Limited | Pending |
Full case history
All 182 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Inditrade Fincorp Limited
Inditrade Fincorp Limited has 2 MSME Form 1 returns on record between 2023 and 2024, listing 42 overdue payments to 20 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 20)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| JB Arsen | •••• | •••• | •••• |
| Valuefirst Digital Media Private Limited | •••• | •••• | •••• |
| Orange Technolab Private Limited | •••• | •••• | •••• |
| Finbonacci Softsys Private Limited | •••• | •••• | •••• |
| Agram Marketing and Services Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Inditrade Fincorp Limited
Inditrade Fincorp Limited has a workforce of 59 employees as of Apr 07, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Inditrade Fincorp Limited
Inditrade Fincorp has 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
Name History of Inditrade Fincorp Limited
Inditrade Fincorp has undergone 2 name changes throughout its history. The company was previously known as Inditrade Fincorp Limited, and Jrg Fincorp Limited. The current legal name is Inditrade Fincorp Limited.
| Company Name | Status |
|---|---|
| Inditrade Fincorp Limited | Current |
| Jrg Fincorp Limited | Previous |
News related to Inditrade Fincorp Limited
Recent Activity on Inditrade Fincorp Limited
Inditrade Fincorp Limited has 29 board changes on record since 2009: 5 appointments and 24 cessations. The latest: Ravi Prakash Jain ceased to be CFO on 28 Dec 2023.
54 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Inditrade Fincorp Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Inditrade Fincorp Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Inditrade Fincorp Limited
Inditrade Fincorp has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCJ9476F1ZH | Kerala | Active | 01 Jul 2017 |
| 37AABCJ9476F1Z7 | Andhra Pradesh | Active | 18 Feb 2019 |
| 29AABCJ9476F1Z4 | Karnataka | Active | 05 Apr 2021 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Inditrade Fincorp Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Inditrade Fincorp Limited
Inditrade Fincorp is an active public limited company based in Kochi, Kerala, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 06 September 2007 (19+ years old) and is registered under CIN U65923KL2007PLC021180.
Inditrade Fincorp reported revenue of ₹42.37 Cr for FY 2024 (down 12% YoY).
Inditrade Fincorp has 4 current directors:
- Sudip Bandyopadhyay - Director
- Jhuma Guha - Director
- Vijay Chugh - Director
- Kerachan Ayyappan Somasekharan - Director
Inditrade Fincorp reported a net profit of ₹13.66 Cr (net margin 32.2%) and EBITDA of ₹29.39 Cr (EBITDA margin 69.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Inditrade Fincorp is -25% over three years and 7% over five years. In the latest year (FY 2024) revenue fell 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Inditrade Fincorp is 32AABCJ9476F1ZH, registered in Kerala. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 37AABCJ9476F1Z7 (Andhra Pradesh), 29AABCJ9476F1Z4 (Karnataka).
The CIN (Corporate Identification Number) of Inditrade Fincorp is U65923KL2007PLC021180. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Inditrade Fincorp has 182 court cases on record: 172 filed by the company and 6 filed against it. 52 are pending. Most are in the district courts.
Inditrade Fincorp was incorporated on 06 September 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ernakulam.
Inditrade Fincorp has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹26.4 Cr; the latest was in February 2016.
The peers of Inditrade Fincorp by revenue are Sirsa Deposits and Advances Limited, Geo VPL Finance Limited, PCR Investments Limited, Shree Biradev Finance Private Limited, Scud Finlease Limited and 5 more, all in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies).
Ravi Prakash Jain ceased to be CFO on 28 Dec 2023. Naveen Kumar Jain ceased to be Cfo(Kmp) on 02 Nov 2022. Gurmeet Mohan Singh ceased to be Director on 31 Mar 2022. Inditrade Fincorp has 29 board changes on record in total.