About JM Financial Credit Solutions Limited
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JM Financial Credit Solutions Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Jm Financial Limited. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 15 May 1980 and has been in existence for over 46 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH1980PLC022644. Its GSTIN is 27AAACF0723E1Z7 (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.83 Cr. It was formerly known as Fics Consultancy Services Limited. It is led by directors including Vishal Nimesh Kampani (Managing Director) and Satishchand Mathur.
Its last annual general meeting (AGM) was held on 06 August 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 2025, the company reported a revenue of ₹826.23 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net profit of ₹14.75 Cr (net margin 1.8%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 9% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: JM Financial Credit Solutions and JM Financial. As per MCA filings, the company has open charges of ₹15,189 Cr and satisfied charges of ₹8,159 Cr on record. Court records list 97 cases involving the company, including 37 filed by the company and 60 filed against it; 51 cases are pending. The company has 15 deals on record (10 secondary share transfers, 2 funding rounds, 2 acquisitions), with disclosed funding of ₹1,414.78 Cr; the latest was in March 2025. The company has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 12 overdue payments to 5 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 jmfl.com.
Company details
CIN history
JM Financial Credit Solutions has one previous CIN (Corporate Identification Number): L74140MH1980PLC022644. The current CIN is U74140MH1980PLC022644, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140MH1980PLC022644 | Current |
| L74140MH1980PLC022644 | Previous |
Contact details
JM Financial Credit Solutions Limited's registered office is in Mumbai, Maharashtra. Its website is jmfl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address7th Floor Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of JM Financial Credit Solutions 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 Credit Solutions operates two associated brands: JM Financial Credit Solutions and JM Financial. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Commercial real estate loans are provided to businesses in India. | jmfinancialcreditsolutions.in | |
| Investment banking services are offered across multiple sectors. | jmfl.com |
Business activity
The main business activity of JM Financial Credit Solutions is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding |
To see the full business activity and turnover split of JM Financial Credit Solutions Limited, buy the company report.
Financials of JM Financial Credit Solutions Limited
FY 2025 filings availableJM Financial Credit Solutions Limited reported revenue of ₹826.23 Cr (down 37% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 37% fall 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 | ₹826.23 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.75 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | 1.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 JM Financial Credit Solutions Limited, buy the company report.
Board of directors of JM Financial Credit Solutions Limited
JM Financial Credit Solutions has 8 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dipti Neelakantan | Nominee Director | 28 Oct 2015 | 11 Years 0 Months | Current |
| Vikram Shankar Pandit | Nominee Director | 06 Jan 2015 | 11 Years 10 Months | Current |
| Adi Rusi Patel | Nominee Director | 01 Aug 2023 | 3 Years 3 Months | Current |
| Satishchand Mathur Also directs: Tilaknagar Industries Limited, Kesar Petroproducts Limited, Green Planet Logistics Private Limited and 3 more | Director | 01 Aug 2019 | 7 Years 3 Months | Current |
| Anup Pravin Shah Also directs: Awl Agri Business Limited, Adani Green Energy Limited, JM Financial Trustee Company Private Limited and 4 more | Director | 29 Mar 2016 | 10 Years 7 Months | Current |
| Vishal Nimesh Kampani Also directs: KSB Limited, JM Financial Limited, Capital Market Publishers India Private Limited and 5 more | Managing Director | 01 Aug 2019 | 7 Years 3 Months | Current |
Auditor
JM Financial Credit Solutions Limited is audited by KKC & Associates LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KKC & Associates LLP | FY 2025 | 105146W/W100621 |
Shareholding
The shareholding of JM Financial Credit Solutions Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | 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 JM Financial Credit Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2025 | 101154568 | Idbi Trusteeship Services Limited | ₹2,000 Cr | Open | |
| 29 Mar 2023 | 100698626 | Others | ₹100 Cr | Open | |
| 03 Oct 2022 | 100695191 | Idbi Trusteeship Services Limited | ₹2,000 Cr | Open | |
| 31 Aug 2021 | 100482282 | Idbi Trusteeship Services Limited | ₹7,000 Cr | Open | |
| 09 Feb 2021 | 100427464 | Idbi Trusteeship Services Limited | ₹1,000 Cr | Open |
To see the full charge records of JM Financial Credit Solutions Limited, buy the company report.
Total charge records: 56 View all charges
Deals & funding
JM Financial Credit Solutions Limited has 15 deals on record (10 secondary share transfers, 2 funding rounds, 2 acquisitions), with disclosed funding of ₹1,414.78 Cr; the latest was in March 2025.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: JM Financial Limited Seller: Aparna Aiyar Family Trust, an individual |
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: JM Financial Limited Seller: an individual |
| Sep 2018 | Funding round | ₹875 Cr | Investors: JM Financial Limited , Alpha Wave Global, 2 individuals |
| Nov 2014 | Rights issue | ₹344.4 Cr | Investors: JM Financial Limited , Jm Financial Limited & Prashant K Choksi, Jm Financial Limited & Vishal N Kampani |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: JM Financial Limited Seller: JM Financial Services (Family Office) |
To see the full deal history of JM Financial Credit Solutions 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 Credit Solutions Limited has 97 court cases on record: 37 filed by JM Financial Credit Solutions, 60 filed against it. 51 cases are pending and 46 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 81 | 51 | 48 |
| High courts | 10 | 4 | 2 |
| NCLAT | 3 | 3 | 1 |
| Supreme Court | 2 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 97)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed against the company by Klicqtech IT Solutions Pvt Ltd and Another Two in Rev___/2026 | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed by the company against Klicqtech IT Solutions Pvt Ltd and 3 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against M S Marvel Landmarks Pvt Ltd and 8 Ors | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed by the company against Ideal Real Estates Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed by the company against Ideal Unique Realtors Pvt. Ltd. and Ors 4 | Pending |
To see the full case history of JM Financial Credit Solutions 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 Credit Solutions Limited was last rated by Crisil on 04 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 04 Feb 2020 |
To see the full credit ratings and regulatory alerts of JM Financial Credit Solutions Limited, buy the company report.
MSME payment delays
JM Financial Credit Solutions Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 12 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Secur Credentials Limited | |||
| Docuscan | |||
| Nmah & Co. | |||
| Systems IT Solutions |
To see the full MSME payment records of JM Financial Credit Solutions Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
JM Financial Credit Solutions Limited has a workforce of 32 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 | 32 |
| 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 Credit Solutions Limited, buy the company report.
GST
JM Financial Credit Solutions has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACF0723E1Z7 | Maharashtra | Active | 01 Jul 2017 |
| 33AAACF0723E1ZE | Tamil Nadu | Active | 26 Jul 2017 |
| 07AAACF0723E1Z9 | Delhi | Active | 07 Feb 2019 |
To see the full GST registrations and return filing status of JM Financial Credit Solutions Limited, buy the company report.
Recent activity
JM Financial Credit Solutions Limited has 22 board changes on record since 2013: 8 appointments and 14 cessations. The latest: Vikram Shankar Pandit ceased to be Nominee Director on 05 May 2025.
130 earlier events are in the company report.
News
Frequently asked questions
JM Financial Credit Solutions 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 15 May 1980 (46+ years old) and is registered under CIN U74140MH1980PLC022644.
JM Financial Credit Solutions has 8 current directors:
- Vishal Nimesh Kampani - Managing Director
- Dipti Neelakantan - Nominee Director
- Vikram Shankar Pandit - Nominee Director
- Adi Rusi Patel - Nominee Director
- Satishchand Mathur - Director
- Anup Pravin Shah - Director
- Hariharan Ramamurthi Aiyar - Director
- Krishnamurthy Kulumani Gopalratnam - Director
The latest financial statements of JM Financial Credit Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 06 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of JM Financial Credit Solutions is 27AAACF0723E1Z7, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 33AAACF0723E1ZE (Tamil Nadu), 07AAACF0723E1Z9 (Delhi).
The CIN (Corporate Identification Number) of JM Financial Credit Solutions is U74140MH1980PLC022644. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
JM Financial Credit Solutions has 97 court cases on record: 37 filed by the company and 60 filed against it. 51 are pending. Most are in the district courts.
JM Financial Credit Solutions was incorporated on 15 May 1980, making it 46+ years old. It is registered with the Registrar of Companies, Mumbai.
JM Financial Credit Solutions has 15 deals on record (10 secondary share transfers, 2 funding rounds, 2 acquisitions), with disclosed funding of ₹1,414.78 Cr; the latest was in March 2025.
Vikram Shankar Pandit ceased to be Nominee Director on 05 May 2025. Hariharan Ramamurthi Aiyar ceased to be Nominee Director on 04 May 2025. Gagan Roshan Kothari ceased to be CFO on 31 Oct 2023. JM Financial Credit Solutions has 22 board changes on record in total.
JM Financial Credit Solutions has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 12 overdue payments to 5 micro and small suppliers. The latest return was filed on 17 Nov 2019.
JM Financial Credit Solutions can be reached through the website jmfl.com. Its registered office is in Mumbai, Maharashtra, India.
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