KVC Financial Services Private Limited
About KVC Financial Services Private Limited
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KVC Financial Services Private Limited was a private limited company based in Nashik, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the diversified financial services segment of the financial services sector. It was incorporated on 22 June 2007.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2007PTC171912. Its GSTIN is 27AADCK1048E1ZV (Maharashtra).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Kirtikumar Vasant Chitre and Krutika Kirtikumar Chitre.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Datar Appts. Flat No. 2 Vakil Wadi, Nashik, Maharashtra, India – 422002.
As per the financials filed for FY 2017, the company reported a revenue of ₹52.81 Lakh. For the same year it recorded a net loss of ₹12.03 Lakh (net margin -22.8%) and EBITDA of -₹7.41 Lakh (EBITDA margin -14%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years.
Company details
Contact details
KVC Financial Services Private Limited's registered office is in Nashik, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDatar Appts. Flat No. 2 Vakil Wadi, Nashik, Maharashtra, India – 422002
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of KVC Financial Services Private 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
Business activity
The main business activity of KVC Financial Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of KVC Financial Services Private Limited, buy the company report.
Financials of KVC Financial Services Private Limited
FY 2017 filings availableKVC Financial Services Private Limited reported revenue of ₹52.81 Lakh for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 28% over three years. EBITDA fell 380% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹52.81 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹7.41 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹12.03 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -14% | ||
| Net Profit Margin | -22.8% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| 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 KVC Financial Services Private Limited, buy the company report.
Board of directors of KVC Financial Services Private Limited
KVC Financial Services 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 |
|---|---|---|---|---|
| Kirtikumar Vasant Chitre | Director | 28 May 2012 | 14 Years 5 Months | As last reported |
| Krutika Kirtikumar Chitre | Director | 22 Jun 2007 | 19 Years 4 Months | As last reported |
Peer comparison
KVC Financial Services Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| KVC Financial Services Private Limitedthis company | ₹52.81 Lakh (FY 2017) | -₹12.03 Lakh | -22.8% | Nashik, Maharashtra, India | ||
| Bellwether Wealth Advisory Private Limited | ₹52.8 Lakh (FY 2025) | 50.0% | New Delhi, Delhi, India | |||
| K L Fincon Private Limited | ₹52.78 Lakh (FY 2021) | 26.0% | Malakunta Road, Telangana, India | |||
| MMS Financial Hub (India) Private Limited | ₹52.72 Lakh (FY 2025) | 62.0% | Bangalore, Karnataka, India |
To see the full peer comparison of KVC Financial Services Private Limited, buy the company report.
Auditor
KVC Financial Services Private Limited is audited by S N CHAVAN AND CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S N CHAVAN AND CO | FY 2017 | 135477W |
Shareholding
The shareholding of KVC Financial Services Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of KVC Financial Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving KVC Financial Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for KVC Financial Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
KVC Financial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCK1048E1ZV | Maharashtra | Active | 02 Jan 2018 |
To see the full GST registrations and return filing status of KVC Financial Services Private Limited, buy the company report.
Recent activity
KVC Financial Services Private Limited has 3 board changes on record since 2007: 2 appointments and 1 cessation. The latest: Kamlesh Madhavrao Ugale ceased to be Director on 28 May 2012.
Frequently asked questions
KVC Financial Services has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
KVC Financial Services was a private limited company based in Nashik, Maharashtra, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 22 June 2007 and is registered under CIN U67190MH2007PTC171912. The company has been struck off by the Registrar of Companies and is no longer operational.
KVC Financial Services had 2 directors:
- Kirtikumar Vasant Chitre - Director
- Krutika Kirtikumar Chitre - Director
The CIN (Corporate Identification Number) of KVC Financial Services is U67190MH2007PTC171912. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of KVC Financial Services is at Datar Appts. Flat No. 2 Vakil Wadi, Nashik, Maharashtra, India – 422002.
KVC Financial Services was incorporated on 22 June 2007. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of KVC Financial Services on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of KVC Financial Services is 27AADCK1048E1ZV, registered in Maharashtra.
KVC Financial Services operated in the financial services industry, in the diversified financial services segment. It worked in this industry before it was struck off.
The peers of KVC Financial Services by revenue are Bellwether Wealth Advisory Private Limited, K L Fincon Private Limited, MMS Financial Hub (India) Private Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Kamlesh Madhavrao Ugale ceased to be Director on 28 May 2012. Kirtikumar Vasant Chitre was appointed as Director on 28 May 2012. Krutika Kirtikumar Chitre was appointed as Director on 22 Jun 2007.
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