About Originate Financial Solutions Private Limited
Data last updated:
Originate Financial Solutions Private Limited was a private limited company based in New Delhi, Delhi, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 23 May 2011.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U93000DL2011PTC219678.
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Lakh. It was led by directors including Kasturi Syam Prasad and Pilligundla Srilatha.
Its last annual general meeting (AGM) was held on 15 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 106 1st Floor Amber Tower Azadpur, New Delhi, Delhi, India – 110033.
As per the financials filed for FY 2016, the company reported a revenue of ₹7.53 Lakh. For the same year it recorded a net loss of ₹51,748 (net margin -6.9%) and EBITDA of -₹51,092 (EBITDA margin -6.8%).
The last known website on record is originategroup.com.
Company details
Contact details
Originate Financial Solutions Private Limited's registered office is in New Delhi, Delhi.
- Registered Address106 1st Floor Amber Tower Azadpur, New Delhi, Delhi, India – 110033
- 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 Originate Financial Solutions 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 |
To see the full business activity and turnover split of Originate Financial Solutions Private Limited, buy the company report.
Financials of Originate Financial Solutions Private Limited
FY 2016 filings availableOriginate Financial Solutions Private Limited reported revenue of ₹7.53 Lakh for FY 2016.
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 | -₹51,092 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹51,748 | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
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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 | -6.8% | |
| Net Profit Margin | -6.9% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
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| 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 Originate Financial Solutions Private Limited, buy the company report.
Board of directors of Originate Financial Solutions Private Limited
Originate Financial Solutions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kasturi Syam Prasad Also directs: Adz Gateway LLP | Director | 23 May 2011 | 15 Years 5 Months | As last reported |
| Pilligundla Srilatha Also directs: Adz Gateway LLP | Director | 23 May 2011 | 15 Years 5 Months | As last reported |
| Kasturi Ravi Kumar | Additional Director | 31 Mar 2017 | 9 Years 7 Months | As last reported |
Peer comparison
Originate Financial Solutions Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Karnavati Finance Limited | ₹7.54 Lakh (FY 2022) | 3120.0% | Mumbai, Maharashtra, India | |||
| Agaram Bizcon Private Limited | ₹7.54 Lakh (FY 2023) | -15.0% | Chennai, Tamil Nadu, India | |||
| Amirav Financial Advisors Private Limited | ₹7.53 Lakh (FY 2024) | 45.0% | New Delhi, Delhi, India | |||
| Rangnaath Mahadev Financial Advisory Private Limited | ₹7.53 Lakh (FY 2024) | Mathura, Uttar Pradesh, India | ||||
| Kunal Undertakings Limited | ₹7.53 Lakh (FY 2025) | -7.0% | Bhubaneswar, Odisha, India | |||
| Originate Financial Solutions Private Limitedthis company | ₹7.53 Lakh (FY 2016) | -₹51,748 | -6.9% | New Delhi, Delhi, India | ||
| Unique Idea Marketing and Consultant Private Limited | ₹7.53 Lakh (FY 2025) | 2021.0% | Sunam, Punjab, India | |||
| Aashirwad Realtors Private Limited. | ₹7.53 Lakh (FY 2018) | -71.0% | Kolkata, West Bengal, India | |||
| Creditline Finance Private Limited | ₹7.53 Lakh (FY 2017) | 51.0% | Delhi, India |
To see the full peer comparison of Originate Financial Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Originate Financial Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Originate Financial Solutions 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 Originate Financial Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Originate Financial Solutions Private Limited has 5 board changes on record since 2011: 3 appointments and 2 cessations. The latest: Kasturi Ravi Kumar was appointed as Additional Director on 31 Mar 2017.
Frequently asked questions
Originate Financial Solutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Originate Financial Solutions was a private limited company based in New Delhi, Delhi, India. The company worked in financial activities, within the financial services industry. It was incorporated on 23 May 2011 and is registered under CIN U93000DL2011PTC219678. The company has been struck off by the Registrar of Companies and is no longer operational.
Originate Financial Solutions had 3 directors:
- Kasturi Syam Prasad - Director
- Pilligundla Srilatha - Director
- Kasturi Ravi Kumar - Additional Director
The CIN (Corporate Identification Number) of Originate Financial Solutions is U93000DL2011PTC219678. 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 Originate Financial Solutions is at 106 1st Floor Amber Tower Azadpur, New Delhi, Delhi, India – 110033.
Originate Financial Solutions was incorporated on 23 May 2011. It is registered with the Registrar of Companies, Delhi.
Originate Financial Solutions can be reached through the website originategroup.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Originate Financial Solutions on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 15 September 2016. Year-wise statements from 2015 are in the company report.
Originate Financial Solutions operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
The peers of Originate Financial Solutions by revenue are Karnavati Finance Limited, Agaram Bizcon Private Limited, Amirav Financial Advisors Private Limited, Rangnaath Mahadev Financial Advisory Private Limited, Kunal Undertakings Limited and 3 more, all in the same principal business activity (other financial activities).
Kasturi Ravi Kumar was appointed as Additional Director on 31 Mar 2017. Kasturi Ravi Kumar ceased to be Additional Director on 30 Sep 2014. Pawan Thakur ceased to be Additional Director on 30 Sep 2014. Originate Financial Solutions has 5 board changes on record in total.
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