About New Link Overseas Finance Limited
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New Link Overseas Finance Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the asset financing companies segment of the financial services sector. It was incorporated on 17 January 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65191TN1991PLC020173. Its GSTIN is 33AAACN1131A1ZI (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹5.3 Cr. It is led by directors including Sornaraja Deivanai and Om Prakash Garg.
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 Mamatta Complex II Floor 13 Whites Road Royapettah Madras – 14, Chennai, Tamil Nadu, India – 600014.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.21 Cr, a growth of 84% compared to the previous year. For the same year it recorded a net loss of ₹22.94 Cr and EBITDA of -₹12.46 Cr (EBITDA margin -388.6%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 23% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Newlink Overseas Finance Limited. As per MCA filings, the company has open charges of ₹35.68 Cr and satisfied charges of ₹86.66 Cr on record. Court records list 268 cases involving the company, including 180 filed by the company and 88 filed against it; 34 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website newlinkoverseas.com.
Company details
Contact details
New Link Overseas Finance Limited's registered office is in Chennai, Tamil Nadu. Its website is newlinkoverseas.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMamatta Complex II Floor 13 Whites Road Royapettah Madras – 14, Chennai, Tamil Nadu, India – 600014
- IndustryFinancial Services, Asset Financing Companies, Investment & Credit NBFC, NBFC
To see the full contact details of New Link Overseas 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
Brands
New Link Overseas Finance operates one associated brand: Newlink Overseas Finance Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers hire purchase financing solutions for small and medium enterprises. | nofl.in |
Business activity
The main business activity of New Link Overseas 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 New Link Overseas Finance Limited, buy the company report.
Financials of New Link Overseas Finance Limited
FY 2023 filings availableNew Link Overseas Finance Limited reported revenue of ₹3.21 Cr (up 84% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 84% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 23%. EBITDA rose 25% 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 |
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| EBITDA | -₹12.46 Cr | ||||
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| Net Profit (PAT) | -₹22.94 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | -388.6% | ||||
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To see the full financial statements and ratios of New Link Overseas Finance Limited, buy the company report.
Board of directors of New Link Overseas Finance Limited
New Link Overseas Finance has 4 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thangaraj Gopalakrishnan | Additional Director | 03 Nov 2023 | 3 Years 0 Months | Current |
| Sornaraja Deivanai | Director | 07 Dec 2018 | 7 Years 11 Months | Current |
| Om Prakash Garg | Director | 17 Jan 1991 | 35 Years 9 Months | Current |
| Denise Marcelle Mollex Panjwani | Director | 19 Sep 2016 | 10 Years 1 Months | Current |
Auditor
New Link Overseas Finance Limited is audited by PRICE PATT & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRICE PATT & CO | FY 2022 | 002783S |
Shareholding
The shareholding of New Link Overseas 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 New Link Overseas Finance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2018 | 100234257 | Idbi Trusteeship Services Limited | ₹15 Cr | Open | |
| 29 Aug 2017 | 100166118 | Idbi Trusteeship Services Limited | ₹15 Cr | Open | |
| 11 Apr 2014 | 10489149 | Idbi Trusteeship Services Limited | ₹4.22 Cr | Open | |
| 16 Jun 1998 | 90305175 | Indian Renewabl Energy Development Agency Limited | ₹73 Lakh | Open | |
| 15 Jun 1998 | 90305174 | Indian Renewable Energy Development Agency Limited | ₹73 Lakh | Open |
To see the full charge records of New Link Overseas Finance Limited, buy the company report.
Total charge records: 29 View all charges
Legal cases
New Link Overseas Finance Limited has 268 court cases on record: 180 filed by New Link Overseas Finance, 88 filed against it. 34 cases are pending and 234 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 153 | 22 | 22 |
| High courts | 103 | 59 | 11 |
| NCLT | 6 | 5 | 0 |
| NCLAT | 4 | 0 | 1 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 268)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Court case (CRL A) | Filed by the company against Sargam Metals Pvt Ltd | Pending |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Sargam Metals Pvt Ltd Rep by Arun | Disposed |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed by the company against Vijay Aqua Pipes Private Limited | Disposed |
| District court, Chennai, Tamil Nadu | Appeal | Filed against the company by Sargam Metals Pvt Ltd Rep by Arun | Disposed |
| High Court, TAMIL NADU | Court case (CRL MP) | Filed by the company against M/S. Sargam Metals Pvt Ltd and 2 others | Disposed |
To see the full case history of New Link Overseas 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.
Credit ratings & regulatory alerts
New Link Overseas Finance Limited was last rated by Care on 28 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 28 Dec 2021 |
To see the full credit ratings and regulatory alerts of New Link Overseas Finance Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for New Link Overseas Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
New Link Overseas Finance has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACN1131A1ZI | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of New Link Overseas Finance Limited, buy the company report.
Recent activity
New Link Overseas Finance Limited has 25 board changes on record since 1991: 4 appointments and 21 cessations. The latest: Thangaraj Gopalakrishnan was appointed as Additional Director on 03 Nov 2023.
79 earlier events are in the company report.
Frequently asked questions
New Link Overseas Finance is an active public limited company based in Chennai, Tamil Nadu, India. The company works in asset financing companies, within the financial services industry. It was incorporated on 17 January 1991 (35+ years old) and is registered under CIN U65191TN1991PLC020173.
New Link Overseas Finance has 4 current directors:
- Thangaraj Gopalakrishnan - Additional Director
- Sornaraja Deivanai - Director
- Om Prakash Garg - Director
- Denise Marcelle Mollex Panjwani - Director
The latest financial statements of New Link Overseas Finance 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 New Link Overseas Finance is 33AAACN1131A1ZI, registered in Tamil Nadu. 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 New Link Overseas Finance is U65191TN1991PLC020173. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
New Link Overseas Finance has 268 court cases on record: 180 filed by the company and 88 filed against it. 34 are pending. Most are in the district courts.
New Link Overseas Finance was incorporated on 17 January 1991, making it 35+ years old. It is registered with the Registrar of Companies, Chennai.
Thangaraj Gopalakrishnan was appointed as Additional Director on 03 Nov 2023. Ramasamy Subbiah ceased to be Director on 31 Jul 2021. Vinod Kumar Tikoo ceased to be Director on 04 Sep 2020. New Link Overseas Finance has 25 board changes on record in total.
New Link Overseas Finance can be reached through the website newlinkoverseas.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of New Link Overseas Finance is at Mamatta Complex II Floor 13 Whites Road Royapettah Madras – 14, Chennai, Tamil Nadu, India – 600014.
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