About Iti Credit Limited
Data last updated:
Iti Credit Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of The Investment Trust Of India Limited. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 19 October 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2007PLC175180. Its GSTIN is 27AABCF1433G1Z1 (Maharashtra). The company holds 9 GST registrations, all of them active.
The company has an authorised share capital of ₹120 Cr and a paid-up capital of ₹50 Cr. It is led by directors including Vishal Ashok Kanakia and Papia Sengupta.
Its last annual general meeting (AGM) was held on 22 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Iti House 36 Dr. R. K. Shirodkar Marg Parel, Mumbai, Maharashtra, India – 400012.
As per the financials filed for FY 2025, the company reported a revenue of ₹55.1 Cr, a growth of 110% compared to the previous year. For the same year it recorded a net profit of ₹17.99 Cr (net margin 32.6%) and EBITDA of ₹22.86 Cr (EBITDA margin 41.5%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 9% over five years.
The company has about 296 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹30 Cr and satisfied charges of ₹375 Cr on record. Court records list 2,023 cases involving the company, including 2,021 filed by the company and 2 filed against it; 1,906 cases are pending. The company has 8 deals on record (4 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹71.05 Cr; the latest was in March 2020. Its 8 peer companies in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 5 larger and 3 smaller; the largest is Thar Commercial Finance Private Limited with revenue of ₹55.98 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website itigroup.co.in.
Company details
Contact details
Iti Credit Limited's registered office is in Mumbai, Maharashtra. Its website is itigroup.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressIti House 36 Dr. R. K. Shirodkar Marg Parel, Mumbai, Maharashtra, India – 400012
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Iti Credit 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 Iti Credit 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 Iti Credit Limited, buy the company report.
Financials of Iti Credit Limited
FY 2025 filings availableIti Credit Limited reported revenue of ₹55.1 Cr (up 110% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 110% growth 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹22.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.99 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 41.5% | ||||
| Net Profit Margin | 32.6% | ||||
| 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 Iti Credit Limited, buy the company report.
Board of directors and KMP of Iti Credit Limited
Iti Credit Limited currently reports 5 directors and 1 key managerial person. 25 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Ashok Kanakia Also directs: Sobhaniye Constructions LLP | Director | 14 Oct 2016 | 10 Years 0 Months | Current |
| Manickam Subbiah Also directs: Iti Jewel Charter Limited | Cfo | 28 May 2024 | 2 Years 5 Months | Current |
| Papia Sengupta Also directs: Antique Stock Broking Limited, The Investment Trust of India Limited, Andhra Paper Limited and 3 more | Director | 14 May 2025 | 1 Years 5 Months | Current |
| Alok Kumar Misra Also directs: Antique Stock Broking Limited | Director | 28 Sep 2023 | 3 Years 1 Months | Current |
| Chintan Vijay Valia Also directs: Iti Jewel Charter Limited, Ventana Power Generation LLP, Iti Growth Opportunities LLP and 5 more | Director | 01 Apr 2013 | 13 Years 7 Months | Current |
| Jignesh Prabhudas Sangani Also directs: Antique Stock Broking (Ifsc) Limited, Iti Gilts Limited, Antique Stock Broking Limited and 1 more | Director | 27 Feb 2015 | 11 Years 8 Months | Current |
Peer comparison
Iti Credit Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), 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 |
|---|---|---|---|---|---|---|
| Thar Commercial Finance Private Limited | ₹55.98 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Adventz Finance Private Limited | ₹55.75 Cr (FY 2019) | -22.0% | Kolkata, West Bengal, India | |||
| Tamilnadu Urban Finance and Infrastructure Development Corporation Limited | ₹55.74 Cr (FY 2024) | -18.0% | Chennai, Tamil Nadu, India | |||
| Abs Portfolio Pvt Ltd | ₹55.57 Cr (FY 2025) | 1646.0% | Kolkata, West Bengal, India | |||
| Sicom Limited | ₹55.2 Cr (FY 2025) | -43.0% | Mumbai, Maharashtra, India | |||
| Iti Credit Limitedthis company | ₹55.1 Cr (FY 2025) | ₹17.99 Cr | 32.6% | 110.0% | 296 | Mumbai, Maharashtra, India |
| Valuvanadu Capital Limited | ₹54.63 Cr (FY 2025) | 85.0% | New Delhi, Delhi, India | |||
| Idf Financial Services Private Limited | ₹54.62 Cr (FY 2025) | 11.0% | Bangalore, Karnataka, India | |||
| Amritkunj Capital Markets Ltd | ₹54.17 Cr (FY 2025) | -35.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Iti Credit Limited, buy the company report.
Auditor
Iti Credit Limited is audited by Ramesh M. Sheth & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ramesh M. Sheth & Associates | FY 2023 | 111883W |
Shareholding
The shareholding of Iti Credit Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Iti Credit Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jul 2018 | 100208536 | Yes Bank Limited | ₹30 Cr | Open | |
| 21 Dec 2020 | 100450659 | Standard Chartered Bank | ₹75 Cr | Satisfied | |
| 11 Apr 2018 | 100175071 | Yes Bank Limited | ₹300 Cr | Satisfied |
To see the full charge records of Iti Credit Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Iti Credit Limited has 8 deals on record (4 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹71.05 Cr; the latest was in March 2020.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: FORTUNE INTEGRATED ASSETS FINANCE LIMITED Seller: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: The Investment Trust Of India Limited Seller: Conwood Agencies Private Limited |
| Oct 2017 | Funding round | ₹34 Cr | Investors: Conwood Agencies Private Limited |
| Apr 2016 | Rights issue | ₹40 Cr | Investors: The Investment Trust Of India Limited |
| Jun 2014 | Rights issue | ₹37.2 Cr | Investors: The Investment Trust Of India Limited |
To see the full deal history of Iti Credit 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
Iti Credit Limited has 2,023 court cases on record: 2,021 filed by Iti Credit, 2 filed against it. 1,906 cases are pending and 117 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2,019 | 0 | 1,904 |
| High courts | 4 | 2 | 2 |
Cases on record (5 of 2,023)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Shravan Medisales Private Limited and 2 others | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Paramount Castors and Equipments Private Limited and 1 other | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Viva Asphalt Technologies Pvt Ltd and 2 others | Pending |
| District court, South West, Delhi | Execution petition | Filed by the company against Shri Shyam Motors | Pending |
| High Court, West Bengal | Court case (CRR) | Filed against the company by an individual | Pending |
To see the full case history of Iti Credit 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.
Credit ratings & regulatory alerts
Iti Credit Limited was last rated by Crisil on 18 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 Mar 2020 |
To see the full credit ratings and regulatory alerts of Iti Credit Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Iti Credit Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Iti Credit Limited has a workforce of 296 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Iti Credit has 9 GST registrations: 9 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCF1433G1Z1 | Maharashtra | Active | 01 Jul 2017 |
| 10AABCF1433G1ZG | Bihar | Active | 13 Feb 2018 |
| 19AABCF1433G1ZY | West Bengal | Active | 09 Dec 2019 |
| 18AABCF1433G1Z0 | Assam | Active | 12 Dec 2019 |
To see the full GST registrations and return filing status of Iti Credit Limited, buy the company report.
Recent activity
Iti Credit Limited has 27 board changes on record since 2009: 6 appointments and 21 cessations. The latest: Papia Sengupta ceased to be Additional Director on 21 Aug 2025.
23 earlier events are in the company report.
Frequently asked questions
Iti Credit is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 19 October 2007 (19+ years old) and is registered under CIN U67190MH2007PLC175180.
Iti Credit has 6 current directors and KMP:
- Vishal Ashok Kanakia - Director
- Papia Sengupta - Director
- Alok Kumar Misra - Director
- Chintan Vijay Valia - Director
- Jignesh Prabhudas Sangani - Director
- Manickam Subbiah - Cfo
The latest financial statements of Iti Credit on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Iti Credit is 27AABCF1433G1Z1, registered in Maharashtra. The company has 9 GST registrations in all, of which 9 are active. Other active GSTINs include 10AABCF1433G1ZG (Bihar), 19AABCF1433G1ZY (West Bengal), 18AABCF1433G1Z0 (Assam).
The CIN (Corporate Identification Number) of Iti Credit is U67190MH2007PLC175180. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iti Credit has 2,023 court cases on record: 2,021 filed by the company and 2 filed against it. 1,906 are pending. Most are in the district courts.
Iti Credit was incorporated on 19 October 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Iti Credit has 8 deals on record (4 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹71.05 Cr; the latest was in March 2020.
The peers of Iti Credit by revenue are Thar Commercial Finance Private Limited, Adventz Finance Private Limited, Tamilnadu Urban Finance and Infrastructure Development Corporation Limited, Abs Portfolio Pvt Ltd, Sicom Limited and 3 more, all in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities).
Papia Sengupta ceased to be Additional Director on 21 Aug 2025. Papia Sengupta was appointed as Director on 14 May 2025. Prateek Tayal ceased to be Manager on 16 Apr 2025. Iti Credit has 27 board changes on record in total.
Iti Credit can be reached through the website itigroup.co.in. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
