Provase Financial Services Private Limited
About Provase Financial Services Private Limited
Data last updated:
Provase Financial Services Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 08 March 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U67100WB2002PTC094340. Its GSTIN is 19AACCP9495P1ZA (West Bengal).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹19.45 Lakh. It is led by directors Piush Jain and Rahul Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 7A 4th Floor Room No 402 Bentrick Street, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2024, the company reported a revenue of ₹56.91 Lakh, a growth of 50% compared to the previous year. For the same year it recorded a net profit of ₹3.54 Lakh (net margin 6.2%) and EBITDA of ₹6.03 Lakh (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 19% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Provase Financial Services has one previous CIN (Corporate Identification Number): U74140WB2002PTC094340. The current CIN is U67100WB2002PTC094340, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67100WB2002PTC094340 | Current |
| U74140WB2002PTC094340 | Previous |
Contact details
Provase Financial Services Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address7A 4th Floor Room No 402 Bentrick Street, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Provase Financial Services 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 Provase Financial Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Provase Financial Services Private Limited, buy the company report.
Financials of Provase Financial Services Private Limited
FY 2025 filings availableProvase Financial Services Private Limited reported revenue of ₹56.91 Lakh (up 50% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 50% growth in the latest year. EBITDA rose 40% 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 | ₹6.03 Lakh | ||||
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| Net Profit (PAT) | ₹3.54 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.6% | ||||
| Net Profit Margin | 6.2% | ||||
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To see the full financial statements and ratios of Provase Financial Services Private Limited, buy the company report.
Board of directors of Provase Financial Services Private Limited
Provase Financial Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piush Jain | Director | 11 Dec 2020 | 5 Years 10 Months | Current |
| Rahul Agarwal Also directs: Advent Financial Advisory Services Private Limited | Director | 08 Mar 2002 | 24 Years 7 Months | Current |
Auditor
Provase Financial Services Private Limited is audited by AGARWAL RAMESH K & COMPANY for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGARWAL RAMESH K & COMPANY | FY 2020 | 004614C |
Shareholding
The shareholding of Provase Financial Services Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Provase Financial Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Provase Financial Services 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 Provase Financial Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Provase Financial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCP9495P1ZA | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Provase Financial Services Private Limited, buy the company report.
Recent activity
Provase Financial Services Private Limited has 5 board changes on record since 2002: 2 appointments and 3 cessations. The latest: Kiran Agarwal ceased to be Director on 21 Dec 2020.
Frequently asked questions
Provase Financial Services is an active private limited company based in Kolkata, West Bengal, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 08 March 2002 (24+ years old) and is registered under CIN U67100WB2002PTC094340.
Provase Financial Services has 2 current directors:
- Piush Jain - Director
- Rahul Agarwal - Director
The latest financial statements of Provase Financial Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Provase Financial Services is 19AACCP9495P1ZA, registered in West Bengal.
The CIN (Corporate Identification Number) of Provase Financial Services is U67100WB2002PTC094340. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Provase Financial Services was incorporated on 08 March 2002, making it 24+ years old. It is registered with the Registrar of Companies, Kolkata.
Kiran Agarwal ceased to be Director on 21 Dec 2020. Piush Jain was appointed as Director on 11 Dec 2020. Manisha Agarwal ceased to be Director on 01 Jan 2017. Provase Financial Services has 5 board changes on record in total.
The registered office of Provase Financial Services is at 7A 4th Floor Room No 402 Bentrick Street, Kolkata, West Bengal, India – 700001.
Provase Financial Services operates in the financial services industry, in the brokerage and trading services segment.
The compliance status of Provase Financial Services is compliant as of 26 August 2026. The company is actively filing with the Registrar of Companies.
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