Master Exchange & Finance Limited
About Master Exchange & Finance Limited
Data last updated:
Master Exchange & Finance Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 17 September 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U65923WB1991PLC053077. Its GSTIN is 19AAACM3388C2ZH (West Bengal). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5.55 Cr and a paid-up capital of ₹2.35 Cr. It is led by directors including Aashti Agarwala (Whole-Time Director) and Gaurav Agarwala.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.48 Cr, a decline of 89% compared to the previous year. For the same year it recorded a net profit of ₹11.7 Lakh (net margin 4.7%) and EBITDA of ₹1.26 Cr (EBITDA margin 50.8%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 21% over five years.
As per MCA filings, the company has open charges of ₹1.6 Cr and satisfied charges of ₹100.14 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Master Exchange & Finance has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U65923WB1991PLC053077, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65923WB1991PLC053077 | Current |
| L65923WB1991PLC053077 | Previous |
| U99999WB1991PLC053077 | Previous |
Contact details
Master Exchange & Finance Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address14B Camac Street, 3rd Floor, Kolkata, West Bengal, India – 700017
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Master Exchange & Finance 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 Master Exchange & 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 Master Exchange & Finance Limited, buy the company report.
Financials of Master Exchange & Finance Limited
FY 2025 filings availableMaster Exchange & Finance Limited reported revenue of ₹2.48 Cr (down 89% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 89% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA fell 94% 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 |
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| EBITDA | ₹1.26 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹11.7 Lakh | ||||
| Balance Sheet | |||||
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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 | 50.8% | ||||
| Net Profit Margin | 4.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Master Exchange & Finance Limited, buy the company report.
Board of directors of Master Exchange & Finance Limited
Master Exchange & Finance has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Agarwala | Director | 22 Nov 2021 | 4 Years 11 Months | Current |
| Shradha Agarwala Also directs: Adventz Securities Enterprises Limited, Duke Commerce Ltd, Animark Enterprises Private Limited and 5 more | Director | 01 May 2002 | 24 Years 6 Months | Current |
| Aashti Agarwala Also directs: Shradha Real Estate Properties LLP | Whole-Time Director | 28 Feb 2024 | 2 Years 8 Months | Current |
Peer comparison
Master Exchange & Finance Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), 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 |
|---|---|---|---|---|---|---|
| Finsherpa Investments Private Limited | ₹2.49 Cr (FY 2025) | 30.0% | Chennai, Tamil Nadu, India | |||
| Baldev Finlease Private Limited. | ₹2.48 Cr (FY 2024) | 3.0% | New Delhi, Delhi, India | |||
| Master Exchange & Finance Limitedthis company | ₹2.48 Cr (FY 2025) | ₹11.7 Lakh | 4.7% | -89.0% | Kolkata, West Bengal, India | |
| Sagun Commercials Private Ltd | ₹2.47 Cr (FY 2024) | 28.0% | Kolkata, West Bengal, India | |||
| Atirath Commercial Pvt Ltd | ₹2.47 Cr (FY 2025) | 346.0% | Kolkata, West Bengal, India | |||
| Venkateswara Business Finance Private Limited | ₹2.47 Cr (FY 2025) | 86.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Master Exchange & Finance Limited, buy the company report.
Auditor
Master Exchange & Finance Limited is audited by MANAV & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANAV & CO | FY 2023 | 325904E |
Shareholding
The shareholding of Master Exchange & Finance Limited 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 Master Exchange & Finance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2023 | 100902335 | Hdfc Bank Limited | ₹1.25 Cr | Open | |
| 08 Jun 2021 | 100462471 | Hdfc Bank Limited | ₹22 Lakh | Open | |
| 18 Mar 2010 | 10295758 | Hdfc Bank Limited | ₹13 Lakh | Open | |
| 09 Jun 2022 | 100578949 | Sbicap Trustee Company Limited | ₹100 Cr | Satisfied | |
| 31 Mar 2005 | 80030641 | Icici Bank Ltd | ₹14 Lakh | Satisfied |
To see the full charge records of Master Exchange & Finance Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Master Exchange & Finance Limited has 1 court case on record: 1 filed by Master Exchange & Finance. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Civil suit | Filed by the company against S.N.Bagla & Co. | Disposed |
To see the full case history of Master Exchange & Finance 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 Master Exchange & Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Master Exchange & 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
Master Exchange & Finance has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACM3388C2ZH | West Bengal | Active | 04 Nov 2024 |
To see the full GST registrations and return filing status of Master Exchange & Finance Limited, buy the company report.
Recent activity
Master Exchange & Finance Limited has 15 board changes on record since 1994: 9 appointments and 6 cessations. The latest: Devendra Khemka ceased to be Director on 01 Sep 2024.
13 earlier events are in the company report.
Frequently asked questions
Master Exchange & Finance is an active public limited company based in Kolkata, West Bengal, India. The company works in nbfc, within the financial services industry. It was incorporated on 17 September 1991 (35+ years old) and is registered under CIN U65923WB1991PLC053077.
Master Exchange & Finance has 3 current directors:
- Aashti Agarwala - Whole-Time Director
- Gaurav Agarwala - Director
- Shradha Agarwala - Director
The latest financial statements of Master Exchange & Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Master Exchange & Finance is 19AAACM3388C2ZH, registered in West Bengal. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Master Exchange & Finance is U65923WB1991PLC053077. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Master Exchange & Finance has 1 court case on record: 1 filed by the company.
Master Exchange & Finance was incorporated on 17 September 1991, making it 35+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Master Exchange & Finance by revenue are Finsherpa Investments Private Limited, Baldev Finlease Private Limited, Sagun Commercials Private Ltd, Atirath Commercial Pvt Ltd, Venkateswara Business Finance Private Limited, all in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Devendra Khemka ceased to be Director on 01 Sep 2024. Aashti Agarwala was appointed as Whole-Time Director on 28 Feb 2024. Santosh Kumar Poddar ceased to be Director on 28 Feb 2022. Master Exchange & Finance has 15 board changes on record in total.
The registered office of Master Exchange & Finance is at 14B Camac Street, 3rd Floor, Kolkata, West Bengal, India – 700017.
Master Exchange & Finance operates in the financial services industry, in the nbfc segment.
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