Premium Financial Services Ltd
About Premium Financial Services Ltd
Data last updated:
Premium Financial Services Ltd was a public limited company based in Kolkata, West Bengal, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 15 September 1992.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U65110WB1992PLC056610.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹32 Lakh. It was led by directors including Tarun Sethia and Jagriti Sethia.
Its last annual general meeting (AGM) was held on 29 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 9 India Exchnge Place3Rd Floor, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.32 Lakh, a decline of 97% compared to the previous year. For the same year it recorded a net profit of ₹50,069 (net margin 37.8%) and EBITDA of ₹59,538 (EBITDA margin 45%). Revenue has declined at a compounded annual rate (CAGR) of 74% over three years and 55% over five years.
Company details
CIN history
Premium Financial Services has one previous CIN (Corporate Identification Number): U65110WB1992PTC056610. The current CIN is U65110WB1992PLC056610, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65110WB1992PLC056610 | Current |
| U65110WB1992PTC056610 | Previous |
Contact details
Premium Financial Services Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address9 India Exchnge Place3Rd Floor, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Premium Financial Services Ltd, 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
Financials of Premium Financial Services Ltd
FY 2020 filings availablePremium Financial Services Ltd reported revenue of ₹1.32 Lakh (down 97% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 55% over five years, including a 97% fall in the latest year. EBITDA rose 134% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹59,538 | ||||
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| Net Profit (PAT) | ₹50,069 | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profitability | |||||
| EBITDA Margin | 45% | ||||
| Net Profit Margin | 37.8% | ||||
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To see the full financial statements and ratios of Premium Financial Services Ltd, buy the company report.
Board of directors of Premium Financial Services Ltd
Premium Financial Services has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tarun Sethia | Director | 08 Oct 1998 | 28 Years 0 Months | As last reported |
| Jagriti Sethia | Director | 19 Jun 2018 | 8 Years 4 Months | As last reported |
| Vinod Kumar Surana Also directs: Well Water Services Pvt Ltd, Subhkiran Builders & Finance Pvt Ltd | Director | 19 Jun 2018 | 8 Years 4 Months | As last reported |
Auditor
Premium Financial Services Ltd is audited by V SHARMA & COMPANY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V SHARMA & COMPANY | FY 2017 | 327566E |
Shareholding
The shareholding of Premium Financial Services Ltd is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Premium Financial Services Ltd, buy the company report.
Legal cases
No court or tribunal cases involving Premium Financial Services Ltd 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 Premium Financial Services Ltd; 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 Premium Financial Services Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Premium Financial Services Ltd has 10 board changes on record since 1998: 3 appointments and 7 cessations. The latest: Jagriti Sethia ceased to be Whole-Time Director on 10 Dec 2018.
1 earlier event is in the company report.
Frequently asked questions
Premium Financial Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Premium Financial Services was a public limited company based in Kolkata, West Bengal, India. The company worked in financial activities, within the financial services industry. It was incorporated on 15 September 1992 and is registered under CIN U65110WB1992PLC056610. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Premium Financial Services was incorporated on 15 September 1992. It is registered with the Registrar of Companies, Kolkata.
Premium Financial Services had 3 directors:
- Tarun Sethia - Director
- Jagriti Sethia - Director
- Vinod Kumar Surana - Director
The CIN (Corporate Identification Number) of Premium Financial Services is U65110WB1992PLC056610. 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 Premium Financial Services is at 9 India Exchnge Place3Rd Floor, Kolkata, West Bengal, India – 700001.
The latest financial statements of Premium Financial Services on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 29 December 2020. Year-wise statements from 2015 are in the company report.
Premium Financial Services operated in the financial services industry, in the financial activities segment.
Jagriti Sethia ceased to be Whole-Time Director on 10 Dec 2018. Tarun Sethia ceased to be Whole-Time Director on 10 Dec 2018. Vinod Kumar Surana ceased to be Additional Director on 28 Sep 2018. Premium Financial Services has 10 board changes on record in total.
The compliance status of Premium Financial Services is compliant as of 21 August 2026.