About Inditrade Fincorp Limited
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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 379 cases involving the company, including 367 filed by the company and 12 filed against it; 221 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 6 peer companies in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 2 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.
Company details
Name history
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 |
Contact details
Inditrade Fincorp Limited's registered office is in Kochi, Kerala. Its website is inditrade.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSecond Floor M E S Building Kaloor, Kochi, Kerala, India – 682017
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Inditrade Fincorp 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 Inditrade Fincorp 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 Inditrade Fincorp Limited, buy the company report.
Financials of Inditrade Fincorp Limited
FY 2024 filings availableInditrade Fincorp Limited reported revenue of ₹42.37 Cr (down 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
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
| 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
| 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 | |||||
To see the full financial statements and ratios of Inditrade Fincorp Limited, buy the company report.
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 8 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 8 Months | Current |
Peer comparison
Inditrade Fincorp Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), 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 |
|---|---|---|---|---|---|---|
| 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 | |||
| Inditrade Fincorp Limitedthis company | ₹42.37 Cr (FY 2024) | ₹13.66 Cr | 32.2% | -12.0% | 59 | Kochi, Kerala, India |
| Phillip Finance & Investment Services India Private Limited | ₹41.87 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Glaxo Finance Private Limited | ₹41.68 Cr (FY 2024) | 211.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Inditrade Fincorp Limited, buy the company report.
Auditor
Inditrade Fincorp Limited is audited by NGS & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NGS & Co. LLP | FY 2024 | 119850W |
Shareholding
The shareholding of Inditrade Fincorp Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Inditrade Fincorp Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2022 | 100678275 | Others | ₹5 Cr | Open | |
| 31 Dec 2022 | 100677996 | Others | ₹5 Cr | Open | |
| 21 Jan 2022 | 100531046 | State Bank of India | ₹20 Cr | Open | |
| 06 Jul 2021 | 100464325 | Others | ₹19 Cr | Open | |
| 30 Sep 2020 | 100378952 | Others | ₹5 Cr | Open |
To see the full charge records of Inditrade Fincorp Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
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 |
To see the full deal history of Inditrade Fincorp 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
Inditrade Fincorp Limited has 379 court cases on record: 367 filed by Inditrade Fincorp, 12 filed against it. 221 cases are pending and 158 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 362 | 8 | 216 |
| High courts | 15 | 2 | 5 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 379)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Idfc First Bank Limited Through Mr. Abhishek Mahajan | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Idfc First Bank Limited Through Mr. Abhishek Mahajan Senior Manager | Pending |
| High Court of Kerala | Writ petition | Filed by the company against Reserve Bank of India | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Akarmaxs Tech Private Limited and 2 others | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Continental Cargocare Private Limited and 2 others | Pending |
To see the full case history of Inditrade Fincorp 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
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 |
To see the full MSME payment records of Inditrade Fincorp Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
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.
Employees & EPFO
Inditrade Fincorp Limited has a workforce of 59 employees on its EPFO records as of Apr 07, 2025, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Inditrade Fincorp Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 has 4 current directors:
- Sudip Bandyopadhyay - Director
- Jhuma Guha - Director
- Vijay Chugh - Director
- Kerachan Ayyappan Somasekharan - Director
The latest financial statements of Inditrade Fincorp on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 06 August 2024. Year-wise statements from 2015 are in the company report.
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 379 court cases on record: 367 filed by the company and 12 filed against it. 221 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, Phillip Finance & Investment Services India Private Limited and 1 more, all in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities).
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.
Inditrade Fincorp has 2 MSME Form 1 returns on record between 2023 and 2024, listing 42 overdue payments to 20 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Inditrade Fincorp can be reached through the website inditrade.com. Its registered office is in Kochi, Kerala, India.