Panatone Finvest Limited
About Panatone Finvest Limited
Data last updated:
Panatone Finvest Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Tata Sons Private Limited. It operates in the core investment companies segment of the financial services sector. It was incorporated on 30 March 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1992PLC066160.
The company has an authorised share capital of ₹16,500 Cr and a paid-up capital of ₹4,013.44 Cr. It was formerly known as Stormy Investments and Finance Pvt.Ltd. It is led by directors including Kurush Jal Daruwalla and Nikhil Kumar (Manager).
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bombay House24 Homi Mody Street, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2023, the company reported a revenue of ₹284.45 Cr, a growth of 42.98% compared to the previous year.
Its group structure includes 4 subsidiaries.
As per MCA filings, the company has satisfied charges of ₹950 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 2 cases are pending. The company has 8 deals on record (3 convertible or debt financings, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹2,263.23 Cr; the latest was in August 2023.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Panatone Finvest Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBombay House24 Homi Mody Street, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, Core Investment Companies, NBFC
To see the full contact details of Panatone Finvest 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
Panatone Finvest operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Activities by Trusts, funds and other financial holding companies |
To see the full business activity and turnover split of Panatone Finvest Limited, buy the company report.
Financials of Panatone Finvest Limited
FY 2025 filings availablePanatone Finvest Limited reported revenue of ₹284.45 Cr (up 42.98% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 42.98% in the latest 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹284.45 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Panatone Finvest Limited, buy the company report.
Board of directors of Panatone Finvest Limited
Panatone Finvest has 7 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kurush Jal Daruwalla Also directs: Simto Investment Co Ltd | Director | 01 Jul 2023 | 3 Years 4 Months | Current |
| Nikhil Kumar Also directs: DHTC Logistics Limited | Manager | 29 May 2022 | 4 Years 5 Months | Current |
| Kersi Rustom Bhagat Also directs: Akashastha Technologies Private Limited, The Associated Building Company Limited, Mohar Export Services Pvt Ltd and 5 more | Director | 11 Sep 2009 | 17 Years 2 Months | Current |
| Sourav Mukherjee | Director | 27 May 2022 | 4 Years 5 Months | Current |
| Eruch Noshir Kapadia Also directs: Akashastha Technologies Private Limited, The Associated Building Company Limited, Indian Rotorcraft Limited and 5 more | Director | 11 Sep 2009 | 17 Years 2 Months | Current |
| Indra Gurnam Anand Also directs: TS Investments Limited | Director | 30 Mar 2022 | 4 Years 7 Months | Current |
Auditor
Panatone Finvest Limited is audited by CHAITANYA C DALAL & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHAITANYA C DALAL & CO. | FY 2017 | 101632W |
Shareholding
The shareholding of Panatone Finvest Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2020 | FY 2019 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Panatone Finvest Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Mar 2004 | 80061874 | Central Bank of India | ₹450 Cr | Satisfied | |
| 23 May 2003 | 90351646 | Central Bank of India | ₹500 Cr | Satisfied |
To see the full charge records of Panatone Finvest Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Panatone Finvest Limited has 8 deals on record (3 convertible or debt financings, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹2,263.23 Cr; the latest was in August 2023.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Rights issue | ₹724.7 Cr | Investors: Tata Sons Private Limited |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Tata Sons Private Limited , Tata Sons Private Limited & Chetan Nage, Tata Sons Private Limited & Girish Valecha Seller: Tata Industries Limited , Tata Sons Private Limited & Deepika Bhagwagar, Tata Sons Private Limited & Farohk Subedar |
| Feb 2023 | Rights issue | ₹299.99 Cr | Investors: Tata Sons Private Limited |
| Mar 2022 | Rights issue | ₹800 Cr | Investors: Tata Sons Private Limited , Tata Industries Limited |
| May 2018 | Secondary share transfer | Undisclosed | Buyer: Tata Sons Private Limited Seller: The Tata Power Company Limited |
To see the full deal history of Panatone Finvest Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Panatone Finvest Limited has 3 court cases on record: 1 filed by Panatone Finvest, 2 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 2 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-2 | Pending |
| Bombay High Court | Tax appeal | Filed by the company against Deputy Commissioner of Income-Tax-Circle (2), Mumbai | Pending |
| Allahabad High Court | Court case (WRIA) | Filed against the company | Disposed |
To see the full case history of Panatone Finvest 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
Panatone Finvest Limited was last rated by Care on 05 Aug 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Aug 2026 |
To see the full credit ratings and regulatory alerts of Panatone Finvest Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Panatone Finvest Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Panatone Finvest has 4 subsidiary companies and 5 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Tejas Networks Limited | L72900KA2000PLC026980 | |
| Akashastha Technologies Private Limited | U32109MH2021PTC361499 | |
| Saankhya Labs Private Limited | U72200KA2006PTC041339 | |
| Saankhya Strategic Electronics Private Limited | U72900KA2020PTC136822 |
To see the full group structure of Panatone Finvest Limited, buy the company report.
GST
No GST registration is on our record for Panatone Finvest Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Panatone Finvest Limited has 29 board changes on record since 2006: 7 appointments and 22 cessations. The latest: Kurush Jal Daruwalla ceased to be Additional Director on 27 Sep 2023.
26 earlier events are in the company report.
Frequently asked questions
Panatone Finvest is an active public limited company based in Mumbai, Maharashtra, India. The company works in core investment companies, within the financial services industry. It was incorporated on 30 March 1992 (34+ years old) and is registered under CIN U67120MH1992PLC066160.
Panatone Finvest has 7 current directors:
- Kurush Jal Daruwalla - Director
- Kersi Rustom Bhagat - Director
- Sourav Mukherjee - Director
- Eruch Noshir Kapadia - Director
- Indra Gurnam Anand - Director
- Sidharth Sharma - Director
- Nikhil Kumar - Manager
The latest financial statements of Panatone Finvest on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Panatone Finvest is U67120MH1992PLC066160. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panatone Finvest has 3 court cases on record: 1 filed by the company and 2 filed against it. 2 are pending.
Panatone Finvest was incorporated on 30 March 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Panatone Finvest has 8 deals on record (3 convertible or debt financings, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹2,263.23 Cr; the latest was in August 2023.
Kurush Jal Daruwalla ceased to be Additional Director on 27 Sep 2023. Kurush Jal Daruwalla was appointed as Director on 01 Jul 2023. Indra Gurnam Anand ceased to be Additional Director on 29 Sep 2022. Panatone Finvest has 29 board changes on record in total.
The registered office of Panatone Finvest is at Bombay House24 Homi Mody Street, Mumbai, Maharashtra, India – 400001.
Panatone Finvest operates in the financial services industry, in the core investment companies segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
