Kifs Financial Services Limited - Company Profile

It is a financial services public limited company based in Ahmadabad City, Gujarat, India, established in 1995.

1995 Ahmadabad City, Gujarat, India Active

Last Updated: January 06, 2026

About Kifs Financial Services Limited

Kifs Financial Services Limited, a active public limited company, was established on 29 March 1995 in Ahmadabad City, Gujarat, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: L67990GJ1995PLC025234. Registered under ROC Roc Ahmedabad. it is listed on BSE: 535566. It has an authorized capital of ₹11.00 Cr and a paid-up capital of ₹10.82 Cr.

Formerly known as Khandwala Financial Services Limited, Khandwala Capital Services Limited. It upholds a compliant status. In 2023, it reported revenue of ₹30.75 Cr and a net worth of ₹44.81 Cr. Its leadership includes Sonal Rajesh Khandwala (Director), Sharvil Bharat Kumar Suthar (Director), Rajesh Gopaldas Parekh (Director). Past directors included Sonal Rajesh Khandwala, Devang Manubhai Shah, Dharmendra Navnitlal Soni. Its latest AGM occurred on 19 August 2025, with the balance sheet filed on 31 March 2025. It is based at 4Th Floor, Kifs Corporate House, Nr.Land Mark Hotel,, Nr. Neptune House, Iskon-Ambli Road,, Ahmadabad City, Gujarat, 380054.

Company Details

CIN/LLPIN
L67990GJ1995PLC025234
Registration Number
025234
Incorporation Date
29 March 1995
Authorized Capital
₹11.00 Cr
Paid-Up Capital
₹10.82 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (BSE: 535566)
Company Status
Active

Key Metrics

Authorised Capital ₹ 11.00 Cr as on 06-01-2026
Paid Up Capital ₹ 10.82 Cr as on 06-01-2026
Company Age 30 Year, 10 Months
Last Filing with ROC 31 Mar 2025
Revenue Growth **** -6.00% (FY 2023)
Profit Growth **** 4.41% (FY 2023)
Ebitda **** -5.96% (FY 2023)
Net Worth 12.38% (FY 2023)
Total Assets **** 6.46% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Kifs Financial Services Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Kifs Financial Services Limited?

Current Directors

Name	Designation	Appointment Date	Status
Sonal Rajesh Khandwala	Director	27 May 2014	Current
Sharvil Bharat Kumar Suthar	Director	29 Jun 2020	Current
Rajesh Gopaldas Parekh	Director	14 Aug 2023	Current
Dixit Dipakkumar Shah	Director	14 Aug 2023	Current
Rajesh Parmanand Khandwala	Managing Director	31 Jul 2010	Current
Vimal Parmanand Khandwala	Director	25 Jan 2021	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	06 Sep 2014	Past
Pramod Abcsdd	Director	26 May 2024	Past
Pramod Abcsdd	Director	26 May 2024	Past
Pramod Abcsdd	Additional Director	29 Sep 2020	Past
Pramod Abcsdd	Additional Director	28 Sep 2023	Past
Pramod Abcsdd	Secretary	-	Past

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Financial Performance of Kifs Financial Services.

Kifs Financial Services Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 6% decrease. The company also saw a slight improvement in profitability, with a 4.41% increase in profit. The company's net worth Soared by an impressive increase of 12.38%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-6.00%

*******

Revenue from Operations

*******

-6.09%

*******

Total Assets

*******

6.46%

*******

Profit or Loss

*******

4.41%

*******

Net Worth

*******

12.38%

*******

EBITDA

*******

-5.96%

*******

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What is the Ownership and Shareholding Structure of Kifs Financial Services?

In 2023, Kifs Financial Services had a promoter holding of 74.41% and a public holding of 25.60%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Kifs Financial Services?

Unlock and access historical data on people associated with Kifs Financial Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Kifs Financial Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Kifs Financial Services's trajectory.

Rating

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Alerts

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Latest Updates, News, and FAQs on Kifs Financial Services

Recent Activity within the Organization

Annual General Meeting

Progress on Kifs Financial Services Limited last Annual general meeting of members was held on 19 Aug 2025 as per latest MCA records. was documented.
19 Aug 2025
Balance Sheet

The activity Kifs Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was completed.
31 Mar 2025
Director Appointment

Progress on Durgesh Dulichand Soni was appointed as a Company Secretary was appointed as a Company Secretary on 18 Feb 2025 & has been associated with this company since 1 year 3 days . was documented.
18 Feb 2025
Director Appointment

The activity Rajesh Gopaldas Parekh was appointed as a Director was appointed as a Director on 14 Aug 2023 & has been associated with this company since 2 years 6 months . was completed.
14 Aug 2023
Director Appointment

The activity Dixit Dipakkumar Shah was appointed as a Director was appointed as a Director on 14 Aug 2023 & has been associated with this company since 2 years 6 months . was completed.
14 Aug 2023
Director Appointment

The activity Vimal Parmanand Khandwala was appointed as a Director was appointed as a Director on 25 Jan 2021 & has been associated with this company since 5 years 27 days . was completed.
25 Jan 2021

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