Agate Finance Limited
About Agate Finance Limited
Data last updated:
Agate Finance Limited is a public limited company based in Tiruchengode, Tamil Nadu, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 27 February 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65191TZ1996PLC037431. Its GSTIN is 33AAACA7992A1ZY (Tamil Nadu).
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹38.83 Cr. It was formerly known as Agate Madras International Finance Ltd. It is led by directors including Naina Mohamed (Managing Director) and Suriyaprakasam Prakadeesh Kumar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.86/20 Royal Towers Sankari Road Seetharampalayam, Tiruchengode, Tamil Nadu, India – 637209.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.86 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹91.19 Lakh (net margin 31.9%) and EBITDA of ₹1.44 Cr (EBITDA margin 50.3%). Revenue has grown at a compounded annual rate (CAGR) of 79% over three years and 97% over five years.
As per MCA filings, the company has satisfied charges of ₹20.44 Cr on record. Court records list 300 cases involving the company, including 103 filed by the company and 197 filed against it; 17 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Agate Finance has one previous CIN (Corporate Identification Number): U65191TN1996PLC034633. The current CIN is U65191TZ1996PLC037431, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65191TZ1996PLC037431 | Current |
| U65191TN1996PLC034633 | Previous |
Contact details
Agate Finance Limited's registered office is in Tiruchengode, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.86/20 Royal Towers Sankari Road Seetharampalayam, Tiruchengode, Tamil Nadu, India – 637209
- IndustryFinancial Services, NBFC
To see the full contact details of Agate 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 Agate Finance is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities |
To see the full business activity and turnover split of Agate Finance Limited, buy the company report.
Financials of Agate Finance Limited
FY 2024 filings availableAgate Finance Limited reported revenue of ₹2.86 Cr (down 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 97%. EBITDA fell 17% 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 |
|---|---|---|---|---|---|
| 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 | ₹1.44 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹91.19 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 50.3% | ||||
| Net Profit Margin | 31.9% | ||||
| 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 Agate Finance Limited, buy the company report.
Board of directors of Agate Finance Limited
Agate Finance has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suriyaprakasam Prakadeesh Kumar Also directs: Plus Max Starch Sago Private Limited, Plus Max Beverages Private Limited, Plus Max Infrastructure Private Limited and 5 more | Director | 01 Jan 2015 | 11 Years 9 Months | Current |
| Naina Mohamed | Managing Director | 21 May 1997 | 29 Years 5 Months | Current |
| Ramasamy Suriyaprakasam Also directs: Plus Max Starch Sago Private Limited, Plus Max Beverages Private Limited, Plus Max Infrastructure Private Limited and 5 more | Director | 01 Jan 2015 | 11 Years 9 Months | Current |
Auditor
Agate Finance Limited is audited by K SARAVANAN & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K SARAVANAN & ASSOCIATES | FY 2024 | 007367S |
Shareholding
The shareholding of Agate Finance 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Agate Finance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jul 2000 | 90308521 | State Bank of India | ₹20 Cr | Satisfied | |
| 18 Dec 1998 | 90305212 | State Bank of India | ₹13.5 Lakh | Satisfied | |
| 28 May 1998 | 90305171 | State Bank of India | ₹30 Lakh | Satisfied |
To see the full charge records of Agate Finance Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Agate Finance Limited has 300 court cases on record: 103 filed by Agate Finance, 197 filed against it. 17 cases are pending and 283 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 231 | 159 | 15 |
| District courts | 67 | 36 | 2 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 300)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Court case (CRL RC) | Filed against the company by M/S.L.S.P.Agro Ltd V.Manohar, R.Rajeshkrishnan,S.Pavithrashini,Prathik Y Jain,Cost of Memo Filed and 1 other | Pending |
| Madras High Court | Court case (CRL RC) | Filed against the company by L.S.P.Agro Ltd., | Pending |
| Madras High Court | Court case (CRL MP) | Filed against the company by L.S.P Agro Ltd | Disposed |
| High Court, TAMIL NADU | Court case (CRL RC) | Filed against the company by an individual | Pending |
| Madras High Court | Court case (CRL RC) | Filed against the company by an individual | Pending |
To see the full case history of Agate 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 Agate Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Agate Finance has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACA7992A1ZY | Tamil Nadu | Active | 13 Jan 2022 |
To see the full GST registrations and return filing status of Agate Finance Limited, buy the company report.
Recent activity
Agate Finance Limited has 15 board changes on record since 1997: 3 appointments and 12 cessations. The latest: Shaik Allaudin Mohamed Amanulla ceased to be Director on 21 Mar 2020.
12 earlier events are in the company report.
Frequently asked questions
Agate Finance is an active public limited company based in Tiruchengode, Tamil Nadu, India. The company works in nbfc, within the financial services industry. It was incorporated on 27 February 1996 (30+ years old) and is registered under CIN U65191TZ1996PLC037431.
Agate Finance has 3 current directors:
- Naina Mohamed - Managing Director
- Suriyaprakasam Prakadeesh Kumar - Director
- Ramasamy Suriyaprakasam - Director
The latest financial statements of Agate Finance on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Agate Finance is 33AAACA7992A1ZY, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Agate Finance is U65191TZ1996PLC037431. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Agate Finance has 300 court cases on record: 103 filed by the company and 197 filed against it. 17 are pending. Most are in the high courts.
Agate Finance was incorporated on 27 February 1996, making it 30+ years old. It is registered with the Registrar of Companies, Coimbatore.
Shaik Allaudin Mohamed Amanulla ceased to be Director on 21 Mar 2020. Ramasamy Suriyaprakasam ceased to be Additional Director on 30 Sep 2015. Suriyaprakasam Prakadeesh Kumar ceased to be Additional Director on 30 Sep 2015. Agate Finance has 15 board changes on record in total.
The registered office of Agate Finance is at No.8620 Royal Towers Sankari Road Seetharampalayam, Tiruchengode, Tamil Nadu, India – 637209.
Agate Finance operates in the financial services industry, in the nbfc segment.