About Kandoi Finance Pvt Ltd
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Kandoi Finance Pvt Ltd is a private limited company based in Cuttack, Odisha, India, a subsidiary of Kandoi Transport Limited. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 03 August 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U65921OR1994PTC003670.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.49 Cr. It is led by directors Navin Kumar Kandoi (Managing Director) and Ratana Kandoi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Kandoi House Mathasahi Chauliaganj, Cuttack, Odisha, India – 753003.
As per the financials filed for FY 2024, the company reported a revenue of ₹63.07 Lakh, a growth of 69% compared to the previous year. For the same year it recorded a net profit of ₹36.39 Lakh (net margin 57.7%) and EBITDA of ₹41.77 Lakh (EBITDA margin 66.2%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years and 34% over five years.
As per MCA filings, the company has open charges of ₹132.85 Cr and satisfied charges of ₹61.05 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ktlgroup.in.
Company details
Contact details
Kandoi Finance Pvt Ltd's registered office is in Cuttack, Odisha. Its website is ktlgroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressKandoi House Mathasahi Chauliaganj, Cuttack, Odisha, India – 753003
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Kandoi Finance Pvt Ltd, 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 Kandoi Finance 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 Kandoi Finance Pvt Ltd, buy the company report.
Financials of Kandoi Finance Pvt Ltd
FY 2024 filings availableKandoi Finance Pvt Ltd reported revenue of ₹63.07 Lakh (up 69% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years, including 69% growth in the latest year. EBITDA rose 29% 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 |
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| Total Expenses | |||||
| EBITDA | ₹41.77 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹36.39 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 66.2% | ||||
| Net Profit Margin | 57.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Kandoi Finance Pvt Ltd, buy the company report.
Board of directors of Kandoi Finance Pvt Ltd
Kandoi Finance has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Navin Kumar Kandoi Also directs: Nandighosha Steels Private Limited, Kandoi Eestates Private Limited, Blue Mount Exports Pvt Ltd. and 5 more | Managing Director | 03 Aug 1994 | 32 Years 3 Months | Current |
| Ratana Kandoi Also directs: Kalinga Park LLP, Nandighosha Steels Private Limited, Kandoi Eestates Private Limited and 2 more | Director | 05 May 2009 | 17 Years 6 Months | Current |
Peer comparison
Kandoi Finance Pvt Ltd is compared with the 3 companies closest to it by revenue in the BFSI industry (Finance, Other Financial Services), 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 |
|---|---|---|---|---|---|---|
| Ambalica Finvest Private Limited | ₹63.24 Lakh (FY 2024) | 7.0% | Chandigarh, India | |||
| Mahanta Group Holdings Private Limited | ₹63.22 Lakh (FY 2022) | -6.0% | Guwahati, Assam, India | |||
| Kandoi Finance Pvt Ltdthis company | ₹63.07 Lakh (FY 2024) | ₹36.39 Lakh | 57.7% | 69.0% | Cuttack, Odisha, India | |
| Raptas Financial Solution Private Limited | ₹63.06 Lakh (FY 2024) | 4.0% | Pune, Maharashtra, India |
To see the full peer comparison of Kandoi Finance Pvt Ltd, buy the company report.
Auditor
Kandoi Finance Pvt Ltd is audited by RKJS & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RKJS & CO. LLP | FY 2023 | 323001E |
Shareholding
The shareholding of Kandoi Finance Pvt Ltd 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 Kandoi Finance Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Mar 2021 | 100442822 | Others | ₹35 Cr | Open | |
| 23 Mar 2015 | 10564477 | Hdfc Bank Limited | ₹91.85 Cr | Open | |
| 08 Dec 2011 | 10330326 | Hdfc Bank Limited | ₹6 Cr | Open | |
| 10 Mar 2021 | 100443341 | Hdfc Bank Limited | ₹5.17 Lakh | Satisfied | |
| 18 Jun 2019 | 100271258 | Others | ₹20 Cr | Satisfied |
To see the full charge records of Kandoi Finance Pvt Ltd, buy the company report.
Total charge records: 7 View all charges
Legal cases
Kandoi Finance Pvt Ltd has 5 court cases on record: 3 filed by Kandoi Finance, 2 filed against it. 2 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 2 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ORISSA | Writ petition | Filed by the company against M/S. Indian Oil Corporation Ltd. | Disposed |
| District court, Cuttack, Odisha | Court case (Ex.P.) | Filed by the company against National Highways Authority | Pending |
| District court, Cuttack, Odisha | Appeal | Filed against the company by an individual | Pending |
| High Court of Orissa | Court case (MACA) | Filed against the company by an individual | Disposed |
| District court, Cuttack, Orissa | Court case (1C.C.) | Filed by the company against an individual | Disposed |
To see the full case history of Kandoi Finance Pvt Ltd, 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
No delayed payments to MSME suppliers are on our record for Kandoi Finance Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Kandoi Finance has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Kandoi Finance Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Kandoi Finance Pvt Ltd has 3 board changes on record since 1994: 2 appointments and 1 cessation. The latest: Neelam Kandoi ceased to be Director on 05 May 2009.
7 earlier events are in the company report.
Frequently asked questions
Kandoi Finance is an active private limited company based in Cuttack, Odisha, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 03 August 1994 (32+ years old) and is registered under CIN U65921OR1994PTC003670.
Kandoi Finance has 2 current directors:
- Navin Kumar Kandoi - Managing Director
- Ratana Kandoi - Director
The latest financial statements of Kandoi Finance on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Kandoi Finance is U65921OR1994PTC003670. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kandoi Finance has 5 court cases on record: 3 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Kandoi Finance was incorporated on 03 August 1994, making it 32+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Kandoi Finance by revenue are Ambalica Finvest Private Limited, Mahanta Group Holdings Private Limited, Raptas Financial Solution Private Limited, all in the BFSI industry (Finance, Other Financial Services), with the same principal business activity (other financial activities).
Neelam Kandoi ceased to be Director on 05 May 2009. Ratana Kandoi was appointed as Director on 05 May 2009. Navin Kumar Kandoi was appointed as Managing Director on 03 Aug 1994.
Kandoi Finance can be reached through the website ktlgroup.in. Its registered office is in Cuttack, Odisha, India.
The registered office of Kandoi Finance is at Kandoi House Mathasahi Chauliaganj, Cuttack, Odisha, India – 753003.
Kandoi Finance operates in the financial services industry, in the diversified financial services segment.
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