About Minsol India Private Limited
Data last updated:
Minsol India Private Limited was a private limited company based in Kolkata, West Bengal, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the diversified financial services segment of the financial services sector. It was incorporated on 12 May 2011.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U10300WB2011PTC162572.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3.6 Lakh. It was led by directors Santosh Kumar Gangwal and Shruti Bagrodia.
Its last annual general meeting (AGM) was held on 13 May 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 23C Ashutosh Chowdhury Avenue Kci Plaza 3rd Floor, Kolkata, West Bengal, India – 700019.
As per the financials filed for FY 2024, the company reported a revenue of ₹43.13 Lakh, a growth of 51% compared to the previous year. For the same year it recorded a net profit of ₹11.16 Lakh (net margin 25.9%) and EBITDA of ₹14.96 Lakh (EBITDA margin 34.7%). Revenue has grown at a compounded annual rate (CAGR) of 332% over three years and 147% over five years.
The last known website on record is minsol.co.in.
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- Website
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- Registered Address23C Ashutosh Chowdhury Avenue Kci Plaza 3rd Floor, Kolkata, West Bengal, India – 700019
- IndustryFinancial Services, Diversified Financial Services
- 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
- One PDF report, delivered after checkout
Financials of Minsol India Private Limited
FY 2024 filings availableMinsol India Private Limited reported revenue of ₹43.13 Lakh (up 51% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 147% over five years, including 51% growth in the latest year. EBITDA fell 47% 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 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | •••• | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹14.96 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹11.16 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 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 34.7% | |
| Net Profit Margin | 25.9% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2019-20 to FY 2022-23, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Minsol India are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Board of Directors of Minsol India Private Limited
Minsol India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santosh Kumar Gangwal | Director | 12 May 2011 | 15 Years 5 Months | As last reported |
| Shruti Bagrodia | Director | 01 Apr 2023 | 3 Years 6 Months | As last reported |
Peer Comparison
Minsol India Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Geera Trading Limited | ₹43.19 Lakh (FY 2019) | •••• | •••• | 278.0% | •••• | Ahmedabad, Gujarat, India |
| Rapid Fire Multitrading Private Limited | ₹43.19 Lakh (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Tejasavibhav Nidhi Limited | ₹43.13 Lakh (FY 2021) | •••• | •••• | 1037.0% | •••• | Delhi, India |
| Minsol India Private Limited this company | ₹43.13 Lakh (FY 2024) | •••• | •••• | 51.0% | •••• | Kolkata, West Bengal, India |
| La-Money Financial Services Private Limited | ₹43.06 Lakh (FY 2025) | •••• | •••• | 49.0% | •••• | Mumbai, Maharashtra, India |
Peers are the companies nearest to Minsol India by revenue, above and below it, in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Minsol India Private Limited is audited by B KUMAR & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B KUMAR & CO | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Minsol India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Minsol India.
: available in the company report
Recent Activity
Minsol India Private Limited has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Shruti Bagrodia ceased to be Additional Director on 28 Sep 2023.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Minsol India has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Minsol India was a private limited company based in Kolkata, West Bengal, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 12 May 2011 and is registered under CIN U10300WB2011PTC162572. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Minsol India is U10300WB2011PTC162572. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Minsol India had 2 directors:
- Santosh Kumar Gangwal - Director
- Shruti Bagrodia - Director
Minsol India was incorporated on 12 May 2011. It is registered with the Registrar of Companies, Kolkata.
Minsol India can be reached through the website minsol.co.in. Its registered office is in Kolkata, West Bengal, India.
The registered office of Minsol India is at 23C Ashutosh Chowdhury Avenue Kci Plaza 3rd Floor, Kolkata, West Bengal, India – 700019.
The latest financial statements of Minsol India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 13 May 2024. Year-wise statements from 2015 are in the company report.
Minsol India operated in the financial services industry, in the diversified financial services segment.
The peers of Minsol India by revenue are Geera Trading Limited, Rapid Fire Multitrading Private Limited, Tejasavibhav Nidhi Limited, La-Money Financial Services Private Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Shruti Bagrodia ceased to be Additional Director on 28 Sep 2023. Shruti Bagrodia was appointed as Director on 01 Apr 2023. Songit Kumar Bagrodia ceased to be Director on 01 Apr 2023. Minsol India has 4 board changes on record in total.