About JM Financial Asset Reconstruction Company Limited
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JM Financial Asset Reconstruction Company Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Jm Financial Limited. It operates in the asset reconstruction firms segment of the financial services sector. It was incorporated on 19 September 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2007PLC174287. Its GSTIN is 27AABCJ9062F1ZI (Maharashtra). The company holds 19 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹795.31 Cr. It was formerly known as Jm Financial Asset Reconstruction Company Private Limited. It is led by directors including Ameetkumar Hiranyakumar Desai and Munesh Narinder Khanna.
Its last annual general meeting (AGM) was held on 30 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 7th Floor Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2024, the company reported a revenue of ₹358.95 Cr, a growth of 52.94% compared to the previous year.
The company has about 61 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: JM Financial Asset Reconstruction Company. As per MCA filings, the company has open charges of ₹1,490.33 Cr and satisfied charges of ₹2,966.2 Cr on record. Court records list 1,893 cases involving the company, including 1,470 filed by the company and 427 filed against it; 566 cases are pending. The company has 13 deals on record (5 secondary share transfers, 4 rights issues, 2 funding rounds), with disclosed funding of ₹610.23 Cr; the latest was in September 2026. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 22 overdue payments to 4 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 jmfinancialarc.com.
Company details
CIN history
JM Financial Asset Reconstruction Company has one previous CIN (Corporate Identification Number): U67190MH2007PTC174287. The current CIN is U67190MH2007PLC174287, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190MH2007PLC174287 | Current |
| U67190MH2007PTC174287 | Previous |
Contact details
JM Financial Asset Reconstruction Company Limited's registered office is in Mumbai, Maharashtra. Its website is jmfinancialarc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address7th Floor Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025
- IndustryFinancial Services, Asset Reconstruction Firms
To see the full contact details of JM Financial Asset Reconstruction Company 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
Brands
JM Financial Asset Reconstruction Company operates one associated brand: JM Financial Asset Reconstruction Company. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial regulatory authority | jmfinancialarc.com |
Business activity
JM Financial Asset Reconstruction Company operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Other financial activities |
To see the full business activity and turnover split of JM Financial Asset Reconstruction Company Limited, buy the company report.
Financials of JM Financial Asset Reconstruction Company Limited
FY 2025 filings availableJM Financial Asset Reconstruction Company Limited reported revenue of ₹358.95 Cr (up 52.94% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 52.94% in the latest 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 |
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| Total Revenue | ₹358.95 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of JM Financial Asset Reconstruction Company Limited, buy the company report.
Board of directors of JM Financial Asset Reconstruction Company Limited
JM Financial Asset Reconstruction Company has 8 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pulkit Narotam Sekhsaria Also directs: Pallav Properties & Assets LLP, Plume Properties & Assets LLP, Satyanarayan Sekhsaria Private Limited and 1 more | Nominee Director | 26 Nov 2014 | 11 Years 11 Months | Current |
| Ameetkumar Hiranyakumar Desai | Director | 09 Jan 2019 | 7 Years 10 Months | Current |
| Munesh Narinder Khanna Also directs: JM Financial Products Limited, Gulf Oil Lubricants India Limited, Black Box Limited and 5 more | Director | 27 Sep 2022 | 4 Years 1 Months | Current |
| Adi Rusi Patel | Director | 05 Dec 2017 | 8 Years 11 Months | Current |
| Vijay Laxman Kelkar | Director | 21 Sep 2018 | 8 Years 1 Months | Current |
| Rupa Rajul Vora Also directs: Omniactive Health Technologies Limited, Saarathi Finance and Credit Private Limited, Incred Financial Services Limited and 5 more | Director | 31 Mar 2015 | 11 Years 7 Months | Current |
Auditor
JM Financial Asset Reconstruction Company Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2019 | 117366W/W-100018 |
Shareholding
The shareholding of JM Financial Asset Reconstruction Company 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 JM Financial Asset Reconstruction Company Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Oct 2023 | 100819349 | Sbicap Trustee Company Limited | ₹50 Cr | Open | |
| 23 May 2023 | 100735004 | Sbicap Trustee Company Limited | ₹50 Cr | Open | |
| 12 Apr 2023 | 100772287 | Sbicap Trustee Company Limited | ₹30 Cr | Open | |
| 02 Feb 2023 | 100728886 | Sbicap Trustee Company Limited | ₹575 Cr | Open | |
| 23 Dec 2022 | 100656765 | Others | ₹22.76 Cr | Open |
To see the full charge records of JM Financial Asset Reconstruction Company Limited, buy the company report.
Total charge records: 48 View all charges
Deals & funding
JM Financial Asset Reconstruction Company Limited has 13 deals on record (5 secondary share transfers, 4 rights issues, 2 funding rounds), with disclosed funding of ₹610.23 Cr; the latest was in September 2026.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | Rights issue | ₹162.59 Cr | Investors: JM Financial Credit Solutions Limited |
| May 2024 | Rights issue | ₹595.48 Cr | Investors: JM Financial Limited , JM Financial Credit Solutions Limited |
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: JM Financial Credit Solutions Limited Seller: JM Financial Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: JM Financial Limited Seller: Central Bank of India |
| Mar 2018 | Rights issue | ₹279.16 Cr | Investors: JM Financial Limited , Narotam Sekhsaria Family Office, Valiant Capital Partners |
To see the full deal history of JM Financial Asset Reconstruction Company 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
JM Financial Asset Reconstruction Company Limited has 1,893 court cases on record: 1,470 filed by JM Financial Asset Reconstruction Company, 427 filed against it. 566 cases are pending and 1,327 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,126 | 40 | 326 |
| High courts | 454 | 202 | 126 |
| NCLAT | 208 | 136 | 94 |
| NCLT | 68 | 19 | 11 |
| Supreme Court | 37 | 30 | 9 |
Cases on record (5 of 1,893)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (4102-Rent Control and Public Premises (Eviction) Act : Public Premises (Eviction) Act) | Filed by the company against Mumbai Port Authority (Formerly the Board of Trustees of the Port of Mumbai), and 3 others | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Abinandan Holdings Private Ltd. | Pending |
| High Court for State of Telangana | Writ petition | Filed against the company by Kobo Biotech Limited | Pending |
| High Court of Andhra Pradesh | Writ petition | Filed against the company by Canara Bank | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Appeal | Filed against the company by Shubh Hospitality Pvt Ltd Through Director/Authorised Signatory | Pending |
To see the full case history of JM Financial Asset Reconstruction Company 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
JM Financial Asset Reconstruction Company Limited was last rated by Icra on 31 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 31 Jan 2022 |
To see the full credit ratings and regulatory alerts of JM Financial Asset Reconstruction Company Limited, buy the company report.
MSME payment delays
JM Financial Asset Reconstruction Company Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 22 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| E-Procurement Technologies Limited | |||
| an individual supplier | |||
| Admire Publicity Private Limited | |||
| Newfields Advertising Private Limited |
To see the full MSME payment records of JM Financial Asset Reconstruction Company Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
JM Financial Asset Reconstruction Company Limited has a workforce of 61 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 61 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of JM Financial Asset Reconstruction Company Limited, buy the company report.
GST
JM Financial Asset Reconstruction Company has 19 GST registrations: 4 active and 15 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCJ9062F1ZI | Maharashtra | Active | 01 Jul 2017 |
| 07AABCJ9062F1ZK | Delhi | Active | 01 Jul 2017 |
| 29AABCJ9062F1ZE | Karnataka | Active | 01 Jul 2017 |
| 19AABCJ9062F1ZF | West Bengal | Active | 25 Aug 2017 |
To see the full GST registrations and return filing status of JM Financial Asset Reconstruction Company Limited, buy the company report.
Recent activity
JM Financial Asset Reconstruction Company Limited has 31 board changes on record since 2007: 8 appointments and 23 cessations. The latest: Munesh Narinder Khanna ceased to be Additional Director on 02 Nov 2022.
131 earlier events are in the company report.
News
Frequently asked questions
JM Financial Asset Reconstruction Company is an active public limited company based in Mumbai, Maharashtra, India. The company works in asset reconstruction firms, within the financial services industry. It was incorporated on 19 September 2007 (19+ years old) and is registered under CIN U67190MH2007PLC174287.
JM Financial Asset Reconstruction Company has 8 current directors:
- Pulkit Narotam Sekhsaria - Nominee Director
- Ameetkumar Hiranyakumar Desai - Director
- Munesh Narinder Khanna - Director
- Adi Rusi Patel - Director
- Vijay Laxman Kelkar - Director
- Rupa Rajul Vora - Director
- Vaddarse Prabhakar Shetty - Director
- Vishal Nimesh Kampani - Nominee Director
The latest financial statements of JM Financial Asset Reconstruction Company on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of JM Financial Asset Reconstruction Company is 27AABCJ9062F1ZI, registered in Maharashtra. The company has 19 GST registrations in all, of which 4 are active and 15 are cancelled or inactive. Other active GSTINs include 07AABCJ9062F1ZK (Delhi), 29AABCJ9062F1ZE (Karnataka), 19AABCJ9062F1ZF (West Bengal).
The CIN (Corporate Identification Number) of JM Financial Asset Reconstruction Company is U67190MH2007PLC174287. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
JM Financial Asset Reconstruction Company has 1,893 court cases on record: 1,470 filed by the company and 427 filed against it. 566 are pending. Most are in the district courts.
JM Financial Asset Reconstruction Company was incorporated on 19 September 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
JM Financial Asset Reconstruction Company has 13 deals on record (5 secondary share transfers, 4 rights issues, 2 funding rounds), with disclosed funding of ₹610.23 Cr; the latest was in September 2026.
Munesh Narinder Khanna ceased to be Additional Director on 02 Nov 2022. Munesh Narinder Khanna was appointed as Director on 27 Sep 2022. Anil Ramchand Bhatia ceased to be Managing Director on 08 Nov 2019. JM Financial Asset Reconstruction Company has 31 board changes on record in total.
JM Financial Asset Reconstruction Company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 22 overdue payments to 4 micro and small suppliers. The latest return was filed on 30 May 2019.
JM Financial Asset Reconstruction Company can be reached through the website jmfinancialarc.com. Its registered office is in Mumbai, Maharashtra, India.
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