Movefast Corporate Services Private Limited
About Movefast Corporate Services Private Limited
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Movefast Corporate Services Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 01 August 1994.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1994PTC079986.
The company had an authorised share capital of ₹11 Lakh and a paid-up capital of ₹8.5 Lakh. It was led by directors including Rohit Baboobhai Choksy and Azad Indurkumar Shivdasani.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 86/87 Atlantanariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2016, the company reported a revenue of ₹23,001, a growth of 77% compared to the previous year. For the same year it recorded a net loss of ₹19,213 (net margin -83.5%) and EBITDA of -₹19,213 (EBITDA margin -83.5%).
Court records list 3 cases involving the company, including 3 filed by the company.
Company details
Contact details
Movefast Corporate Services Private Limited's registered office is in Mumbai, Maharashtra.
- Registered Address86/87 Atlantanariman Point, Mumbai, Maharashtra, India – 400021
- IndustryFinancial Services, Financial Activities
- 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 Movefast Corporate Services 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 Movefast Corporate Services Private Limited
FY 2016 filings availableMovefast Corporate Services Private Limited reported revenue of ₹23,001 (up 77% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 77% in the latest year. EBITDA rose 24% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| 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 | -₹19,213 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹19,213 | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
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| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -83.5% | |
| Net Profit Margin | -83.5% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
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| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
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| Inventory Days | ||
| Revenue Growth | ||
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To see the full financial statements and ratios of Movefast Corporate Services Private Limited, buy the company report.
Board of directors of Movefast Corporate Services Private Limited
Movefast Corporate Services has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohit Baboobhai Choksy | Director | 05 Apr 1999 | 27 Years 6 Months | As last reported |
| Viresh Kishorbhai Batavia Also directs: Lifecare Global Health Management LLP, HVB Lifestyles Private Limited, HVB Technologies Private Limited and 1 more | Additional Director | 01 Dec 2016 | 9 Years 10 Months | As last reported |
| Azad Indurkumar Shivdasani | Director | 02 Apr 2002 | 24 Years 6 Months | As last reported |
Peer comparison
Movefast Corporate Services Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Just Unite Foundation | ₹23,110 (FY 2022) | 16.0% | Varanasi, Uttar Pradesh, India | |||
| Mountain Chits Private Limited | ₹23,104 (FY 2017) | 15.0% | Delhi, India | |||
| Yadhukulam Chits Private Limited | ₹23,102 (FY 2025) | 20168.0% | Kozhikode, Kerala, India | |||
| Right Choice Vinimay Pvt Ltd | ₹23,050 (FY 2016) | 13.0% | Kolkata, West Bengal, India | |||
| Richwell Financiers Limited | ₹23,003 (FY 2021) | Paota, Rajasthan, India | ||||
| Movefast Corporate Services Private Limitedthis company | ₹23,001 (FY 2016) | -₹19,213 | -83.5% | 77.0% | Mumbai, Maharashtra, India | |
| Kavalayil Chit Private Limited | ₹23,000 (FY 2019) | -8.0% | Elamannoor, Kerala, India | |||
| Modem Vyapaar Private Limited | ₹22,995 (FY 2021) | 125.0% | Kolkata, West Bengal, India | |||
| Ferm Institute Private Limited | ₹22,984 (FY 2022) | Mumbai, Maharashtra, India | ||||
| Isewa Business Solution Private Limited | ₹22,952 (FY 2018) | 18.0% | Jamui, Bihar, India | |||
| Onesta Business Services Private Limited | ₹22,924 (FY 2019) | New Delhi, Delhi, India |
To see the full peer comparison of Movefast Corporate Services Private Limited, buy the company report.
Legal cases
Movefast Corporate Services Private Limited has 3 court cases on record: 3 filed by Movefast Corporate Services. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed by the company against Conglomerate Investments Pvt.Ltd.With Movefast Corporate Services Pvt.Ltd. and 1 other | Disposed |
| Bombay High Court | Appeal | Filed by the company against Conglomerate Investments P.Ltd.With Splendid Corporate Services Pvt.Ltd. and 1 other | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
To see the full case history of Movefast Corporate Services Private 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 Movefast Corporate Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Movefast Corporate Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Movefast Corporate Services Private Limited has 6 board changes on record since 1999: 3 appointments and 3 cessations. The latest: Prabuddha Chatterjee ceased to be Director on 06 Dec 2016.
Frequently asked questions
Movefast Corporate Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Movefast Corporate Services was a private limited company based in Mumbai, Maharashtra, India. The company worked in financial activities, within the financial services industry. It was incorporated on 01 August 1994 and is registered under CIN U67120MH1994PTC079986. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Movefast Corporate Services was incorporated on 01 August 1994. It is registered with the Registrar of Companies, Mumbai.
Movefast Corporate Services had 3 directors:
- Rohit Baboobhai Choksy - Director
- Viresh Kishorbhai Batavia - Additional Director
- Azad Indurkumar Shivdasani - Director
The CIN (Corporate Identification Number) of Movefast Corporate Services is U67120MH1994PTC079986. 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 Movefast Corporate Services is at 8687 Atlantanariman Point, Mumbai, Maharashtra, India – 400021.
The latest financial statements of Movefast Corporate Services on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
Movefast Corporate Services operated in the financial services industry, in the financial activities segment.
The peers of Movefast Corporate Services by revenue are Just Unite Foundation, Mountain Chits Private Limited, Yadhukulam Chits Private Limited, Right Choice Vinimay Pvt Ltd, Richwell Financiers Limited and 5 more, all in the same principal business activity (other financial activities).
Movefast Corporate Services has 3 court cases on record: 3 filed by the company.
Prabuddha Chatterjee ceased to be Director on 06 Dec 2016. Viresh Kishorbhai Batavia was appointed as Additional Director on 01 Dec 2016. Ramaswamy Sundaresan ceased to be Director on 30 May 2015. Movefast Corporate Services has 6 board changes on record in total.