Payal Finlease Private Limited
About Payal Finlease Private Limited
Data last updated:
Payal Finlease Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 09 December 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1994PTC063337.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹20 Lakh. It is led by directors including Akash Mittal and Badal Mittal.
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 E – 29 South Extension Part – 11, New Delhi, Delhi, India – 110049.
As per the financials filed for FY 2024, the company reported a revenue of ₹27,609, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹33,321 (net margin -120.7%) and EBITDA of -₹4,171 (EBITDA margin -15.1%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years and 22% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Payal Finlease Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressE – 29 South Extension Part – 11, New Delhi, Delhi, India – 110049
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Payal Finlease Private 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 Payal Finlease 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 Payal Finlease Private Limited, buy the company report.
Financials of Payal Finlease Private Limited
FY 2024 filings availablePayal Finlease Private Limited reported revenue of ₹27,609 (down 95% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 95% fall in the latest year. EBITDA fell 106% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹4,171 | ||||
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| Net Profit (PAT) | -₹33,321 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -15.1% | ||||
| Net Profit Margin | -120.7% | ||||
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To see the full financial statements and ratios of Payal Finlease Private Limited, buy the company report.
Board of directors of Payal Finlease Private Limited
Payal Finlease 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 |
|---|---|---|---|---|
| Akash Mittal | Director | 09 Dec 1994 | 31 Years 10 Months | Current |
| Badal Mittal Also directs: Payal International Limited, Raja Rani Overseas Private Ltd. | Director | 09 Dec 1994 | 31 Years 10 Months | Current |
| Abha Mittal Also directs: Payal International Limited, Raja Rani Overseas Private Ltd. | Director | 09 Dec 1994 | 31 Years 10 Months | Current |
Auditor
Payal Finlease Private Limited is audited by APRA & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| APRA & Associates LLP | FY 2023 | N500064 |
Shareholding
The shareholding of Payal Finlease Private 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 Payal Finlease Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Payal Finlease 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 Payal Finlease 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 Payal Finlease Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Payal Finlease Private Limited has 7 board changes on record since 1994: 5 appointments and 2 cessations. The latest: Sudhir Mittal ceased to be Director on 24 Jan 2024.
Frequently asked questions
Payal Finlease is an active private limited company based in New Delhi, Delhi, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 09 December 1994 (32+ years old) and is registered under CIN U74899DL1994PTC063337.
Payal Finlease has 3 current directors:
- Akash Mittal - Director
- Badal Mittal - Director
- Abha Mittal - Director
The latest financial statements of Payal Finlease 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 CIN (Corporate Identification Number) of Payal Finlease is U74899DL1994PTC063337. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Payal Finlease was incorporated on 09 December 1994, making it 32+ years old. It is registered with the Registrar of Companies, Delhi.
Sudhir Mittal ceased to be Director on 24 Jan 2024. Surjit Kumar Chopra ceased to be Director on 12 Jul 2019. Sudhir Mittal was appointed as Director on 20 Jul 2012. Payal Finlease has 7 board changes on record in total.
The registered office of Payal Finlease is at E – 29 South Extension Part – 11, New Delhi, Delhi, India – 110049.
Payal Finlease operates in the financial services industry, in the diversified financial services segment.
The compliance status of Payal Finlease is compliant as of 17 September 2026. The company is actively filing with the Registrar of Companies.
Payal Finlease can be reached at its registered office: E – 29 South Extension Part – 11, New Delhi, Delhi, India – 110049.
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