About Mega Fin (India) Limited
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Mega Fin (India) Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 19 May 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L65990MH1982PLC027165. Its GSTIN is 27AAACM3861C1ZR (Maharashtra). It is recorded as listed by MCA, but trading in its shares on BSE (532105) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹9.18 Cr. It was formerly known as Blue Yellow Investments and Finance Pvt Ltd. It is led by directors including Ajay Shankarlal Mittal and Shweta Atul Phanse.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 17th Floor A – Wing Mittal Tower Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2023, the company reported a revenue of ₹26.68 Lakh, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹15.17 Lakh (net margin 56.9%) and EBITDA of ₹15.17 Lakh (EBITDA margin 56.9%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 195% over five years.
The company is associated with 1 brand: Mega Fin. As per MCA filings, the company has satisfied charges of ₹2 Cr on record. Court records list 36 cases involving the company, including 28 filed by the company and 8 filed against it. The company has 1 deal on record (1 market trade); the latest was in June 2024. Its 4 peer companies in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 1 larger and 3 smaller; the largest is Bajaj Global Limited with revenue of ₹26.78 Lakh. The company has 6 MSME Form 1 returns on record between 2021 and 2023, listing 92 overdue payments to 6 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website megafinindia.com.
Company details
CIN history
Mega Fin (India) has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L65990MH1982PLC027165, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65990MH1982PLC027165 | Current |
| U65990MH1982PTC027165 | Previous |
| U65990MH1982PLC027165 | Previous |
Contact details
Mega Fin (India) Limited's registered office is in Mumbai, Maharashtra. Its website is megafinindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address17th Floor A – Wing Mittal Tower Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Mega Fin (India) 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
Mega Fin (India) operates one associated brand: Mega Fin. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Equity, debt, and trade financing services are provided to businesses. | megafinindia.com |
Business activity
The main business activity of Mega Fin (India) 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 |
Financials of Mega Fin (India) Limited
FY 2023 filings availableMega Fin (India) Limited reported revenue of ₹26.68 Lakh (up 10% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 195% over five years, including 10% growth in the latest year. EBITDA rose 115% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹26.68 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹15.17 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.17 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 56.9% | ||||
| Net Profit Margin | 56.9% | ||||
| 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 Mega Fin (India) Limited, buy the company report.
Board of directors of Mega Fin (India) Limited
Mega Fin (India) has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Shankarlal Mittal | Director | 12 Dec 1991 | 34 Years 10 Months | Current |
| Shweta Atul Phanse Also directs: Novel FTWZ Limited | Director | 31 Mar 2015 | 11 Years 7 Months | Current |
| Archana Maheshwari Also directs: Novel FTWZ Limited, GM Taxation and Management Consultancy LLP, RM Manpower Consultancy LLP and 5 more | Director | 30 Sep 2021 | 5 Years 1 Months | Current |
| Hema Vikas Shah Also directs: Novel FTWZ Limited, GM Taxation and Management Consultancy LLP, RM Manpower Consultancy LLP and 5 more | Director | 08 Sep 2022 | 4 Years 1 Months | Current |
Peer comparison
Mega Fin (India) Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (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 |
|---|---|---|---|---|---|---|
| Bajaj Global Limited | ₹26.78 Lakh (FY 2020) | -47.0% | Nagpur, Maharashtra, India | |||
| Mega Fin (India) Limitedthis company | ₹26.68 Lakh (FY 2023) | ₹15.17 Lakh | 56.9% | 10.0% | Mumbai, Maharashtra, India | |
| Smart Technologies Pvt Ltd | ₹26.66 Lakh (FY 2025) | -4.0% | Kolkata, West Bengal, India | |||
| Shreepati Capital and Finance Private Limited | ₹26.6 Lakh (FY 2023) | 227.0% | Kolkata, West Bengal, India | |||
| Breeje Barter Pvt Ltd | ₹26.57 Lakh (FY 2025) | -91.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Mega Fin (India) Limited, buy the company report.
Auditor
Mega Fin (India) Limited is audited by Maheshwari & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Maheshwari & Co. | FY 2023 | 105834W |
Shareholding
The shareholding of Mega Fin (India) Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mega Fin (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Apr 1993 | 90187586 | The Federal Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of Mega Fin (India) Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Mega Fin (India) Limited has 1 deal on record (1 market trade); the latest was in June 2024.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2024 | Market trade | ₹10.1 Lakh | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mega Fin (India) Limited has 36 court cases on record: 28 filed by Mega Fin (India), 8 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 0 | 0 |
| High courts | 9 | 8 | 0 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Ms. Shaan Interwell India Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Ms. Goodearth Organic India Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Ms. Shaan Interwell India Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Ms. Janzen Castmetals Ltd., 3 Ors | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Ms. Bhooma Graphics Ltd., 2 Ors | Disposed |
To see the full case history of Mega Fin (India) 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
Mega Fin (India) Limited has 6 MSME Form 1 returns on record between 2021 and 2023, listing 92 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bigshare Services Private Limited | |||
| Compliance Masters LLP | |||
| Kankani Jain & Chopra | |||
| Maheshwari & Co. | |||
| DJ Mediaprint & Logistics Limited |
To see the full MSME payment records of Mega Fin (India) Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Mega Fin (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM3861C1ZR | Maharashtra | Active | 17 Aug 2021 |
To see the full GST registrations and return filing status of Mega Fin (India) Limited, buy the company report.
Recent activity
Mega Fin (India) Limited has 31 board changes on record since 1991: 18 appointments and 13 cessations. The latest: Hema Vikas Shah was appointed as Director on 08 Sep 2022.
24 earlier events are in the company report.
Frequently asked questions
Mega Fin (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 19 May 1982 (44+ years old) and is registered under CIN L65990MH1982PLC027165.
Mega Fin (India) has 4 current directors:
- Ajay Shankarlal Mittal - Director
- Shweta Atul Phanse - Director
- Archana Maheshwari - Director
- Hema Vikas Shah - Director
The latest financial statements of Mega Fin (India) on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Mega Fin (India) is 27AAACM3861C1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mega Fin (India) is L65990MH1982PLC027165. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mega Fin (India) is recorded as a listed company by MCA, but trading in its shares on BSE (532105) has been suspended, so they do not currently trade on a stock exchange.
Mega Fin (India) has 36 court cases on record: 28 filed by the company and 8 filed against it. Most are in the district courts.
Mega Fin (India) was incorporated on 19 May 1982, making it 44+ years old. It is registered with the Registrar of Companies, Mumbai.
Mega Fin (India) has 1 deal on record (1 market trade); the latest was in June 2024.
The peers of Mega Fin (India) by revenue are Bajaj Global Limited, Smart Technologies Pvt Ltd, Shreepati Capital and Finance Private Limited, Breeje Barter Pvt Ltd, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Hema Vikas Shah was appointed as Director on 08 Sep 2022. Reena Mirza ceased to be Additional Director on 08 Sep 2022. Archana Maheshwari was appointed as Director on 30 Sep 2021. Mega Fin (India) has 31 board changes on record in total.
Mega Fin (India) has 6 MSME Form 1 returns on record between 2021 and 2023, listing 92 overdue payments to 6 micro and small suppliers. The latest return was filed on 29 Aug 2023.
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