
About Keynote Financial Services Limited
Data last updated:
Keynote Financial Services Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 16 June 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L67120MH1993PLC072407. Its GSTIN is 27AAACK3234D1Z0 (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 512597 and NSE: KEYFINSERV.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹5.57 Cr. It was formerly known as Keynote Corporate Services Private Limited and Keynote Corporate Services Limited. It is led by directors including Vineet Suchanti (Managing Director) and Rinku Suchanti (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at The Ruby 9th Floor Senapati Bapat Marg Dadar (West), Mumbai, Maharashtra, India – 400028.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹26.62 Cr, a decline of 13.3% compared to the previous year. For the same year it recorded a net profit of ₹6.92 Cr (net margin 26%) and EBITDA of ₹7.85 Cr (EBITDA margin 29.5%). The net worth stands at ₹144.57 Cr (up 4.5% YoY). Total assets are valued at ₹148.71 Cr (up 6.2% YoY).
Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Keynote India. As per MCA filings, the company has satisfied charges of ₹2.25 Cr on record. Court records list 20 cases involving the company, including 12 filed by the company and 8 filed against it. The company has 25 deals on record (25 market trades); the latest was in April 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website keynoteindia.net.
Company details
Name history
Keynote Financial Services has undergone 2 name changes throughout its history. The company was previously known as Keynote Corporate Services Private Limited, and Keynote Corporate Services Limited. The current legal name is Keynote Financial Services Limited.
| Company Name | Status |
|---|---|
| Keynote Financial Services Limited | Current |
| Keynote Corporate Services Private Limited | Previous |
| Keynote Corporate Services Limited | Previous |
Contact details
Keynote Financial Services Limited's registered office is in Mumbai, Maharashtra. Its website is keynoteindia.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressThe Ruby 9th Floor Senapati Bapat Marg Dadar (West), Mumbai, Maharashtra, India – 400028
- IndustryFinancial Services, Diversified Financial Services, Brokerage & Trading Services, Investment Banking & Advisory
To see the full contact details of Keynote Financial Services 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
Keynote Financial Services operates one associated brand: Keynote India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Debt and M&A advisory services are offered across multiple sectors. | keynoteindia.net |
Business activity
The main business activity of Keynote Financial Services 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 Keynote Financial Services Limited, buy the company report.
Financials of Keynote Financial Services Limited
FY 2025-26 filings availableKeynote Financial Services Limited reported revenue of ₹26.62 Cr (down 13.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 26.62 | 30.69 | 49.23 | 15.93 | 31.51 | 22.67 | 11.20 |
| Revenue growth | -13.3% | -37.7% | +209.0% | -49.4% | +39.0% | +102.4% | - |
| EBITDA | 7.85 | 13.14 | 36.17 | 0.80 | 20.32 | 15.02 | (2.55) |
| EBITDA margin | +29.5% | +42.8% | +73.5% | +5.0% | +64.5% | +66.3% | -22.8% |
| Profit before tax | 9.30 | 11.55 | 35.49 | (0.06) | 18.68 | 13.28 | (4.36) |
| Net profit | 6.92 | 14.56 | 26.78 | (1.64) | 16.09 | 11.28 | (4.22) |
| Net profit margin | +26.0% | +47.4% | +54.4% | -10.3% | +51.1% | +49.8% | -37.7% |
| EPS (₹) | 11.96 | 26.17 | 48.12 | (2.93) | 28.89 | 20.25 | (7.59) |
| Balance sheet | |||||||
| Total assets | 149 | 140 | 125 | 101 | 128 | 111 | 95.00 |
| Net worth | 145 | 138 | 124 | 98.12 | 101 | 85.55 | 73.27 |
| Total debt | 4.14 | 1.66 | 0.70 | 2.49 | 27.11 | 25.84 | 21.73 |
| Cash & bank | 11.85 | 12.60 | 12.06 | 13.19 | 21.56 | 35.01 | 43.18 |
| Net working capital | 17.72 | 22.37 | 23.82 | 20.07 | 30.82 | 32.63 | 28.52 |
| Cash flow | |||||||
| Cash from operations | (23.85) | 6.80 | 5.59 | 20.78 | (12.64) | (9.44) | 16.39 |
| Cash from investing | 21.81 | (5.92) | (4.25) | (2.83) | 21.92 | (15.80) | 0.90 |
| Cash from financing | 1.64 | (0.35) | (2.63) | (26.01) | (0.49) | 3.98 | (0.43) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19.38 | 0.07 | 12.46 | (1.59) | 15.67 | (1.80) | 6.65 | 11.28 |
| Revenue growth (YoY) | +23.7% | +103.9% | +87.4% | -114.1% | +28.2% | - | - | - |
| Other income | 0.56 | 0.42 | 0.65 | 1.29 | 0.93 | 0.87 | 0.51 | 0.63 |
| EBITDA | 15.45 | (6.25) | 7.58 | (5.79) | 11.86 | (9.08) | 3.47 | 7.73 |
| EBITDA margin | +79.7% | - | +60.8% | +364.2% | +75.7% | +504.4% | +52.2% | +68.6% |
| Depreciation | 0.26 | 0.26 | 0.29 | 0.26 | 0.26 | 0.28 | 0.21 | 0.22 |
| Interest | 0.07 | 0.07 | 0.16 | 0.05 | 0.04 | 0.56 | 0.09 | 0.05 |
| Profit before tax | 15.68 | (6.16) | 7.78 | (4.81) | 12.49 | (9.05) | 3.68 | 8.09 |
| Tax | 4.09 | (1.19) | 2.01 | (3.19) | 5.00 | (4.83) | 0.75 | 2.35 |
| Net profit | 11.59 | (4.97) | 5.77 | (1.62) | 7.49 | (4.22) | 2.93 | 5.74 |
| EPS (₹) | 20.81 | (17.03) | 8.07 | (1.64) | 22.57 | (13.81) | 10.12 | 15.65 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5.59 | 10.34 | 25.32 | 6.80 | 8.92 | 10.98 | 5.23 |
| Revenue growth | -45.9% | -59.2% | +272.4% | -23.8% | -18.8% | +109.9% | - |
| EBITDA | (3.01) | 2.59 | 14.42 | 0.69 | 3.63 | 6.86 | (0.44) |
| EBITDA margin | -53.9% | +25.1% | +57.0% | +10.2% | +40.7% | +62.5% | -8.4% |
| Profit before tax | (1.80) | 2.52 | 14.62 | 0.75 | 3.64 | 6.78 | (0.47) |
| Net profit | (1.40) | 3.73 | 11.01 | 0.51 | 3.68 | 4.62 | (0.10) |
| Net profit margin | -25.0% | +36.1% | +43.5% | +7.5% | +41.3% | +42.1% | -1.9% |
| EPS (₹) | (2.98) | 6.71 | 15.69 | 0.73 | 5.21 | 6.59 | (0.13) |
| Balance sheet | |||||||
| Total assets | 72.01 | 74.34 | 71.96 | 61.75 | 61.85 | 58.88 | 54.94 |
| Net worth | 71.49 | 73.66 | 71.93 | 61.72 | 61.82 | 58.85 | 54.90 |
| Total debt | 0.53 | 0.69 | 0.03 | 0.04 | 0.03 | 0.03 | 0.04 |
| Cash & bank | 1.08 | 1.87 | 1.08 | 1.32 | 1.61 | 13.88 | 11.94 |
| Net working capital | 0.52 | 1.28 | 1.59 | 1.07 | 1.36 | 13.38 | 12.46 |
| Cash flow | |||||||
| Cash from operations | (1.88) | 0.42 | 8.46 | (4.15) | (1.06) | 5.74 | (1.08) |
| Cash from investing | 1.82 | 1.81 | (7.99) | 4.57 | 2.32 | (15.88) | 9.73 |
| Cash from financing | (0.74) | (1.42) | (0.71) | (0.71) | (0.71) | (0.75) | (0.85) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.75 | (2.69) | 2.29 | (0.13) | 6.11 | 0.21 | 0.46 | 3.57 |
| Revenue growth (YoY) | +141.4% | -1381.0% | +397.8% | -103.6% | +15.1% | - | - | - |
| Other income | 0.41 | (0.22) | 0.41 | 0.75 | 0.65 | 0.38 | 0.39 | 0.18 |
| Total expenses | 4.74 | 2.39 | 2.27 | 2.07 | 1.87 | 2.43 | 1.57 | 1.74 |
| EBITDA | 10.01 | (5.08) | 0.02 | (2.20) | 4.24 | (2.22) | (1.11) | 1.83 |
| EBITDA margin | +67.9% | +187.5% | +0.9% | +1692.3% | +69.5% | -1057.1% | -241.3% | +51.4% |
| Depreciation | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 10.33 | (5.39) | 0.34 | (1.54) | 4.79 | (1.94) | (0.82) | 1.91 |
| Tax | 2.60 | (1.09) | 0.18 | (0.37) | 1.14 | (2.68) | (0.02) | 0.52 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19.38 | 0.07 | 12.46 | (1.59) | 15.67 | (1.80) | 6.65 | 11.28 |
| Revenue growth (YoY) | +23.7% | +103.9% | +87.4% | -114.1% | +28.2% | - | - | - |
| Other income | 0.56 | 0.42 | 0.65 | 1.29 | 0.93 | 0.87 | 0.51 | 0.63 |
| EBITDA | 15.45 | (6.25) | 7.58 | (5.79) | 11.86 | (9.08) | 3.47 | 7.73 |
| EBITDA margin | +79.7% | - | +60.8% | +364.2% | +75.7% | +504.4% | +52.2% | +68.6% |
| Depreciation | 0.26 | 0.26 | 0.29 | 0.26 | 0.26 | 0.28 | 0.21 | 0.22 |
| Interest | 0.07 | 0.07 | 0.16 | 0.05 | 0.04 | 0.56 | 0.09 | 0.05 |
| Profit before tax | 15.68 | (6.16) | 7.78 | (4.81) | 12.49 | (9.05) | 3.68 | 8.09 |
| Tax | 4.09 | (1.19) | 2.01 | (3.19) | 5.00 | (4.83) | 0.75 | 2.35 |
| Net profit | 11.59 | (4.97) | 5.77 | (1.62) | 7.49 | (4.22) | 2.93 | 5.74 |
| EPS (₹) | 20.81 | (17.03) | 8.07 | (1.64) | 22.57 | (13.81) | 10.12 | 15.65 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 26.62 | 30.69 | 49.23 | 15.93 | 31.51 | 22.67 | 11.20 |
| Revenue growth | -13.3% | -37.7% | +209.0% | -49.4% | +39.0% | +102.4% | - |
| Other income | 2.85 | 0.05 | 0.39 | 0.02 | 0.23 | 0.08 | 0.17 |
| Total expenses | 18.77 | 17.55 | 13.06 | 15.13 | 11.19 | 7.65 | 13.75 |
| Employee cost | 0.00 | 8.80 | 5.97 | 5.41 | 5.25 | 3.97 | 4.60 |
| EBITDA | 7.85 | 13.14 | 36.17 | 0.80 | 20.32 | 15.02 | (2.55) |
| EBITDA margin | +29.5% | +42.8% | +73.5% | +5.0% | +64.5% | +66.3% | -22.8% |
| Depreciation | 1.08 | 0.91 | 0.78 | 0.63 | 0.69 | 0.73 | 0.76 |
| Interest | 0.32 | 0.73 | 0.29 | 0.25 | 1.18 | 1.09 | 1.22 |
| Profit before tax | 9.30 | 11.55 | 35.49 | (0.06) | 18.68 | 13.28 | (4.36) |
| Tax | 2.63 | 0.81 | 7.69 | 1.66 | 2.59 | 2.00 | (0.14) |
| Net profit | 6.92 | 14.56 | 26.78 | (1.64) | 16.09 | 11.28 | (4.22) |
| Net profit margin | +26.0% | +47.4% | +54.4% | -10.3% | +51.1% | +49.8% | -37.7% |
| EPS (₹) | 11.96 | 26.17 | 48.12 | (2.93) | 28.89 | 20.25 | (7.59) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 5.57 | 5.57 | 5.57 | 5.57 | 6.17 | 6.17 | 5.57 |
| Reserves & surplus | 139 | 133 | 119 | 92.55 | 94.98 | 79.38 | 67.70 |
| Shareholders' funds (net worth) | 145 | 138 | 124 | 98.12 | 101 | 85.55 | 73.27 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 2.19 | 1.48 | 0.52 | 2.45 | 8.09 | 6.17 | 0.49 |
| Unsecured loans | 1.95 | 0.18 | 0.18 | 0.04 | 19.02 | 19.67 | 21.24 |
| Total debt | 4.14 | 1.66 | 0.70 | 2.49 | 27.11 | 25.84 | 21.73 |
| Total liabilities | 149 | 140 | 125 | 101 | 128 | 111 | 95.00 |
| Assets | |||||||
| Gross block | 24.66 | 22.23 | 20.68 | 19.91 | 18.86 | 18.78 | 18.75 |
| Net block | 19.11 | 17.74 | 16.84 | 16.62 | 16.21 | 16.75 | 17.43 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.45 | 0.21 | 0.00 | 0.00 |
| Investments | 77.55 | 102 | 83.56 | 59.57 | 62.39 | 44.29 | 27.99 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.20 | 0.15 | 0.21 | 0.09 |
| Sundry debtors | 2.56 | 2.95 | 9.33 | 2.82 | 2.42 | 1.05 | 3.97 |
| Cash & bank balances | 11.85 | 12.60 | 12.06 | 13.19 | 21.56 | 35.01 | 43.18 |
| Loans & advances | 10.55 | 14.62 | 11.35 | 9.77 | 14.25 | 3.58 | 4.19 |
| Total current assets | 24.96 | 30.17 | 32.74 | 25.98 | 38.38 | 39.85 | 51.43 |
| Total current liabilities | 7.24 | 7.80 | 8.92 | 5.91 | 7.56 | 7.22 | 22.91 |
| Net working capital | 17.72 | 22.37 | 23.82 | 20.07 | 30.82 | 32.63 | 28.52 |
| Total assets | 149 | 140 | 125 | 101 | 128 | 111 | 95.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.37 | 1.84 | 3.13 | 11.18 | 2.39 | 23.64 | 6.77 |
| Net cash from operating activities | (23.85) | 6.80 | 5.59 | 20.78 | (12.64) | (9.44) | 16.39 |
| Net cash from investing activities | 21.81 | (5.92) | (4.25) | (2.83) | 21.92 | (15.80) | 0.90 |
| Net cash from financing activities | 1.64 | (0.35) | (2.63) | (26.01) | (0.49) | 3.98 | (0.43) |
| Net change in cash | (0.40) | 0.53 | (1.29) | (8.05) | 8.79 | (21.25) | 16.87 |
| Closing cash | 11.85 | 12.60 | 12.06 | 13.19 | 21.56 | 35.01 | 43.18 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -13.3% | -37.7% | +209.0% | -49.4% | +39.0% | +102.4% | - |
| EBITDA growth | -40.3% | -63.7% | +4421.3% | -96.1% | +35.3% | +689.0% | - |
| PBT growth | -19.5% | -67.5% | +9998.0% | - | +40.7% | +9998.0% | -389.9% |
| Net income growth | -52.5% | -45.6% | +1732.9% | -110.2% | +42.6% | +367.3% | - |
| Revenue CAGR (3Y) | +18.7% | -0.9% | +29.5% | +12.5% | +33.1% | +3.9% | -23.2% |
| EBITDA CAGR (3Y) | +114.1% | -13.5% | +34.0% | - | +299.0% | +15.9% | - |
| Profitability & leverage | |||||||
| Net income margin | +25.1% | +35.0% | +56.5% | -10.8% | +51.1% | +49.8% | -37.7% |
| Return on capital employed | - | +9.3% | +31.7% | +0.2% | +16.6% | +13.9% | -3.3% |
| Return on net worth | - | +8.2% | +25.0% | -1.7% | +17.3% | +14.3% | -5.6% |
| Debt / equity | - | 0.01 | 0.01 | 0.15 | 0.28 | 0.30 | 0.28 |
| Long-term debt / equity | - | 0.01 | 0.01 | 0.10 | 0.10 | 0.01 | 0.01 |
| Interest cover | 4.73 | 5.97 | 0.82 | 147.06 | 6.01 | 7.63 | -36.86 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 1.43 | 2.44 | 0.82 | 1.69 | 1.21 | 0.61 |
| Inventory turnover | - | 0.00 | 496.20 | 91.14 | 176.33 | 151.67 | 66.88 |
| Debtors turnover | - | 5.01 | 8.17 | 6.09 | 18.29 | 9.06 | 2.93 |
| EPS (₹) | 11.96 | 26.17 | 48.12 | (2.93) | 28.89 | 20.25 | (7.59) |
| Dividend per share (₹) | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Book value per share (₹) | 0.00 | 248.60 | 223.27 | 176.26 | 180.63 | 152.61 | 131.62 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.75 | (2.69) | 2.29 | (0.13) | 6.11 | 0.21 | 0.46 | 3.57 |
| Revenue growth (YoY) | +141.4% | -1381.0% | +397.8% | -103.6% | +15.1% | - | - | - |
| Other income | 0.41 | (0.22) | 0.41 | 0.75 | 0.65 | 0.38 | 0.39 | 0.18 |
| Total expenses | 4.74 | 2.39 | 2.27 | 2.07 | 1.87 | 2.43 | 1.57 | 1.74 |
| EBITDA | 10.01 | (5.08) | 0.02 | (2.20) | 4.24 | (2.22) | (1.11) | 1.83 |
| EBITDA margin | +67.9% | +187.5% | +0.9% | +1692.3% | +69.5% | -1057.1% | -241.3% | +51.4% |
| Depreciation | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 10.33 | (5.39) | 0.34 | (1.54) | 4.79 | (1.94) | (0.82) | 1.91 |
| Tax | 2.60 | (1.09) | 0.18 | (0.37) | 1.14 | (2.68) | (0.02) | 0.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5.59 | 10.34 | 25.32 | 6.80 | 8.92 | 10.98 | 5.23 |
| Revenue growth | -45.9% | -59.2% | +272.4% | -23.8% | -18.8% | +109.9% | - |
| Other income | 1.59 | 0.29 | 0.41 | 0.27 | 0.29 | 0.29 | 0.32 |
| Total expenses | 8.60 | 7.75 | 10.90 | 6.11 | 5.29 | 4.12 | 5.67 |
| Employee cost | 0.00 | 4.26 | 3.31 | 3.06 | 3.06 | 2.22 | 2.43 |
| EBITDA | (3.01) | 2.59 | 14.42 | 0.69 | 3.63 | 6.86 | (0.44) |
| EBITDA margin | -53.9% | +25.1% | +57.0% | +10.2% | +40.7% | +62.5% | -8.4% |
| Depreciation | 0.32 | 0.31 | 0.21 | 0.21 | 0.28 | 0.32 | 0.35 |
| Interest | 0.06 | 0.05 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 |
| Profit before tax | (1.80) | 2.52 | 14.62 | 0.75 | 3.64 | 6.78 | (0.47) |
| Tax | (0.15) | (1.21) | 3.61 | 0.24 | (0.03) | 2.16 | (0.37) |
| Net profit | (1.40) | 3.73 | 11.01 | 0.51 | 3.68 | 4.62 | (0.10) |
| Net profit margin | -25.0% | +36.1% | +43.5% | +7.5% | +41.3% | +42.1% | -1.9% |
| EPS (₹) | (2.98) | 6.71 | 15.69 | 0.73 | 5.21 | 6.59 | (0.13) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 5.57 | 5.57 | 7.02 | 7.02 | 7.02 | 7.02 | 7.02 |
| Reserves & surplus | 65.92 | 68.09 | 64.91 | 54.70 | 54.80 | 51.83 | 47.88 |
| Shareholders' funds (net worth) | 71.49 | 73.66 | 71.93 | 61.72 | 61.82 | 58.85 | 54.90 |
| Secured loans | 0.00 | 0.00 | 0.02 | 0.02 | 0.00 | 0.02 | 0.02 |
| Unsecured loans | 0.53 | 0.69 | 0.01 | 0.02 | 0.03 | 0.01 | 0.02 |
| Total debt | 0.53 | 0.69 | 0.03 | 0.04 | 0.03 | 0.03 | 0.04 |
| Total liabilities | 72.01 | 74.34 | 71.96 | 61.75 | 61.85 | 58.88 | 54.94 |
| Assets | |||||||
| Gross block | 10.17 | 10.14 | 9.08 | 9.10 | 9.00 | 9.01 | 8.97 |
| Net block | 7.89 | 8.18 | 7.48 | 7.66 | 7.76 | 7.98 | 8.24 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 64.72 | 66.70 | 65.01 | 48.53 | 52.51 | 37.60 | 33.09 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.04 | 0.26 | 6.56 | 0.84 | 1.35 | 0.76 | 0.70 |
| Cash & bank balances | 1.08 | 1.87 | 1.08 | 1.32 | 1.61 | 13.88 | 11.94 |
| Loans & advances | 1.20 | 1.22 | 0.98 | 1.36 | 0.78 | 0.29 | 1.13 |
| Total current assets | 2.32 | 3.35 | 8.62 | 3.52 | 3.74 | 14.93 | 13.77 |
| Total current liabilities | 1.80 | 2.07 | 7.03 | 2.45 | 2.38 | 1.55 | 1.31 |
| Net working capital | 0.52 | 1.28 | 1.59 | 1.07 | 1.36 | 13.38 | 12.46 |
| Total assets | 72.01 | 74.34 | 71.96 | 61.75 | 61.85 | 58.88 | 54.94 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.70 | 0.90 | 1.14 | 1.42 | 0.86 | 11.75 | 3.95 |
| Net cash from operating activities | (1.88) | 0.42 | 8.46 | (4.15) | (1.06) | 5.74 | (1.08) |
| Net cash from investing activities | 1.82 | 1.81 | (7.99) | 4.57 | 2.32 | (15.88) | 9.73 |
| Net cash from financing activities | (0.74) | (1.42) | (0.71) | (0.71) | (0.71) | (0.75) | (0.85) |
| Net change in cash | (0.80) | 0.80 | (0.24) | (0.28) | 0.56 | (10.88) | 7.80 |
| Closing cash | 1.08 | 1.87 | 1.08 | 1.32 | 1.61 | 13.88 | 11.94 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -45.9% | -59.2% | +272.4% | -23.8% | -18.8% | +109.9% | - |
| EBITDA growth | -216.2% | -82.0% | +1989.9% | -81.0% | -47.1% | +1659.1% | - |
| PBT growth | - | -82.8% | +1849.3% | -79.4% | -46.3% | +9998.0% | - |
| Net income growth | -137.5% | -66.1% | +2058.8% | -86.1% | -20.4% | +4720.0% | - |
| Revenue CAGR (3Y) | -6.3% | +5.1% | +32.1% | +9.1% | +4.2% | +1.8% | -11.4% |
| EBITDA CAGR (3Y) | - | -10.6% | +28.1% | - | +21.2% | +14.8% | - |
| Profitability & leverage | |||||||
| Net income margin | -29.5% | +36.1% | +43.5% | +7.5% | +41.1% | +42.1% | -1.9% |
| Return on capital employed | - | +3.5% | +21.9% | +1.2% | +6.0% | +12.0% | -0.8% |
| Return on net worth | - | +5.1% | +16.5% | +0.8% | +6.1% | +8.1% | -0.2% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -1.80 | 2.19 | 0.00 | 0.00 | 0.00 | 0.76 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 1.11 | 2.83 | 0.78 | 1.02 | 1.25 | 0.62 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 3.12 | 6.95 | 6.46 | 8.73 | 15.44 | 8.67 |
| EPS (₹) | (2.98) | 6.71 | 15.69 | 0.73 | 5.21 | 6.59 | (0.13) |
| Dividend per share (₹) | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Book value per share (₹) | 0.00 | 132.31 | 102.49 | 87.93 | 88.08 | 83.85 | 78.22 |
To see the full year-wise statements and ratios of Keynote Financial Services Limited, buy the company report.
Board of directors of Keynote Financial Services Limited
Keynote Financial Services has 6 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rinku Suchanti | Whole-Time Director | 31 Mar 2015 | 11 Years 7 Months | Current |
| Vineet Suchanti | Managing Director | 17 Sep 1997 | 29 Years 1 Months | Current |
| Pankaj Sham Joshi | Director | 31 Mar 2025 | 1 Years 7 Months | Current |
| Rakesh Shriram Choudhari Also directs: Green Leaf Fintech Private Limited, Keynote Fincorp Limited, Keynote Capitals Limited and 3 more | Director | 02 May 2024 | 2 Years 6 Months | Current |
| Ravindranath Cheerakuzhi Puthan Menon Also directs: Keynote Capitals Limited | Director | 28 Mar 2024 | 2 Years 7 Months | Current |
| Riaz Taher Thingna | Director | 28 Mar 2024 | 2 Years 7 Months | Current |
Auditor
Keynote Financial Services Limited is audited by S M S R & Co LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S M S R & Co LLP | FY 2024 | 110592W/W100094 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 71.90%, foreign institutional investors hold 9.30%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 18.90%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 71.90% | 71.90% | 71.90% | 71.90% |
| Public | 28.10% | 28.10% | 28.10% | 28.10% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jul 1999 | 90155159 | Punjab National Bank | ₹1.5 Cr | Satisfied | |
| 07 Aug 1997 | 90155073 | Punjab National Bank | ₹75 Lakh | Satisfied |
To see the full charge records of Keynote Financial Services Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Keynote Financial Services Limited has 25 deals on record (25 market trades); the latest was in April 2025.
Deals on record (5 of 25)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2023 | Market trade | ₹1.79 Cr | Buyer: NK Securities Research Private Limited , an individual Seller: NK Securities Research Private Limited , an individual |
| Nov 2020 | Market trade | ₹41.7 Lakh | Seller: Skunk Agents Pvt Ltd |
| Mar 2017 | Market trade | ₹1.2 Cr | Buyer: NSS Digital Media Limited Seller: Dhanvirdhi Tieup Private Limited |
| Feb 2017 | Market trade | ₹1.5 Cr | Buyer: NSS Digital Media Limited Seller: Dhanvirdhi Tieup Private Limited |
| Oct 2012 | Market trade | ₹37.5 Lakh | Buyer: NSS Digital Media Limited |
To see the full deal history of Keynote Financial Services 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
Keynote Financial Services Limited has 20 court cases on record: 12 filed by Keynote Financial Services, 8 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 7 | 0 |
| District courts | 6 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Reliance Capital Ltd. and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Pmi Electro Mobility Solutions Pvt. Ltd. and 2 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against M/S. A. C. P. Industries Ltd.-Respdt. | Disposed |
| Bombay High Court | Writ petition | Filed against the company by HDFC Bank Limited | Disposed |
| Bombay High Court | Writ petition | Filed against the company by Ashima Limited | Disposed |
To see the full case history of Keynote Financial Services 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
No delayed payments to MSME suppliers are on our record for Keynote Financial Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Keynote Financial Services has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Keynote Fincorp Limited | U67120MH1995PLC084814 | |
| Keynote Capitals Limited | U67120MH1995PLC088172 |
To see the full group structure of Keynote Financial Services Limited, buy the company report.
GST
Keynote Financial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK3234D1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Keynote Financial Services Limited, buy the company report.
Recent activity
Keynote Financial Services Limited has 28 board changes on record since 1993: 17 appointments and 11 cessations. The latest: Pankaj Sham Joshi was appointed as Director on 31 Mar 2025.
25 earlier events are in the company report.
News
Frequently asked questions
Keynote Financial Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 16 June 1993 (33+ years old) and is registered under CIN L67120MH1993PLC072407. Listed on BSE: 512597 and NSE: KEYFINSERV.
Keynote Financial Services reported revenue of ₹26.62 Cr for FY 2025-26 (down 13.3% YoY) based on consolidated financials.
Keynote Financial Services has 6 current directors:
- Vineet Suchanti - Managing Director
- Rinku Suchanti - Whole-Time Director
- Pankaj Sham Joshi - Director
- Rakesh Shriram Choudhari - Director
- Ravindranath Cheerakuzhi Puthan Menon - Director
- Riaz Taher Thingna - Director
The latest financial statements of Keynote Financial Services on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Keynote Financial Services is 27AAACK3234D1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Keynote Financial Services is L67120MH1993PLC072407. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Keynote Financial Services is a listed company as per MCA records. Its shares are listed on both BSE (code: 512597) and NSE (symbol: KEYFINSERV).
Keynote Financial Services has 20 court cases on record: 12 filed by the company and 8 filed against it. Most are in the high courts.
Keynote Financial Services was incorporated on 16 June 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Keynote Financial Services has 25 deals on record (25 market trades); the latest was in April 2025.

