Rishab Financial Services Limited
About Rishab Financial Services Limited
Data last updated:
Rishab Financial Services Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 10 October 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L65993TN1990PLC019755. It is a listed company.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Madan Financial Services Limited. and Madan Financial Services Private Limited. It is led by directors including Rajesh Mangalchand Surana (Managing Director) and Surana Champalal Mangalchand.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Hanwant Complex Old No.58 Govindappa Naicken Street 1st Floor, Chennai, Tamil Nadu, India – 600001.
As per the financials filed for FY 2022, the company reported a revenue of ₹19.25 Lakh, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹1.85 Lakh (net margin 9.6%) and EBITDA of ₹2.84 Lakh (EBITDA margin 14.7%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 5% over five years.
The company is associated with 1 brand: Rishab Financial Services. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressHanwant Complex Old No.58 Govindappa Naicken Street 1st Floor, Chennai, Tamil Nadu, India – 600001
- IndustryFinancial Services, Diversified Financial Services
- 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
- One PDF report, delivered after checkout
Business Activity of Rishab Financial Services Limited
The main business activity of Rishab Financial Services is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Rishab Financial Services Limited FY 2022 filings available
Rishab Financial Services Limited reported revenue of ₹19.25 Lakh (down 23% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Rishab Financial Services Limited
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 23% fall in the latest year. EBITDA fell 12% 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 of Rishab Financial Services Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 | ₹2.84 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.85 Lakh | •••• | •••• | •••• | •••• |
| 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 of Rishab Financial Services Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Rishab Financial Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Rishab Financial Services Limited
Rishab Financial Services Limited is audited by AMIT SHARMA S & ASSOCIATES for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AMIT SHARMA S & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Rishab Financial Services Limited
Rishab Financial Services has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surana Champalal Mangalchand | Director | 27 Sep 2007 | 19 Years 0 Months | Current |
| Rajesh Mangalchand Surana Also directs: Anush Shares and Securities Private Limited, Mangal-Kiran Securities Limited, Infraatmos and Realty Private Limited and 1 more | Managing Director | 27 Sep 2007 | 19 Years 0 Months | Current |
| Ramesh Kumar | Additional Director | 25 Oct 2011 | 14 Years 11 Months | Current |
| Sudha Surana Also directs: Mangal-Kiran Securities Limited, Earthone Spaces Private Limited | Additional Director | 26 Mar 2018 | 8 Years 6 Months | Current |
Ownership and Shareholding of Rishab Financial Services Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Rishab Financial Services Limited
Rishab Financial Services Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Rishab Financial Services Limited
Rishab Financial Services Limited has 2 court cases on record: 1 filed by Rishab Financial Services, 1 filed against it. All cases are disposed. Status as checked between 03 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
| District court, Chennai, Tamil Nadu | Court case (EOCC) | Filed against the company by Deputy Registrar of Companies | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Rishab Financial Services Limited
Rishab Financial Services operates one associated brand: Rishab Financial Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial services for retailers are provided in India. | rishabfinance.com |
Employees and EPFO Compliance at Rishab Financial Services Limited
Employment history and EPFO contributions of people linked to Rishab Financial Services.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Rishab Financial Services Limited
Rishab Financial Services has undergone 3 name changes throughout its history. The company was previously known as Madan Financial Services Limited., Madan Financial Services Private Limited., and Madan Capital Markets Private Limited. The current legal name is Rishab Financial Services Limited.
| Company Name | Status |
|---|---|
| Rishab Financial Services Limited | Current |
| Madan Financial Services Limited. | Previous |
| Madan Financial Services Private Limited. | Previous |
| Madan Capital Markets Private Limited | Previous |
CIN History of Rishab Financial Services Limited
Rishab Financial Services has one previous CIN (Corporate Identification Number): L65993TN1990PTC019755. The current CIN is L65993TN1990PLC019755, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65993TN1990PLC019755 | Current |
| L65993TN1990PTC019755 | Previous |
Recent Activity on Rishab Financial Services Limited
Rishab Financial Services Limited has 12 board changes on record since 1990: 8 appointments and 4 cessations. The latest: Sudha Surana was appointed as Additional Director on 26 Mar 2018.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Rishab Financial Services Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Rishab Financial Services Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Rishab Financial Services Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Rishab Financial Services Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Rishab Financial Services Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Rishab Financial Services Limited
Rishab Financial Services is an active public limited company based in Chennai, Tamil Nadu, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 10 October 1990 (36+ years old) and is registered under CIN L65993TN1990PLC019755.
Rishab Financial Services reported revenue of ₹19.25 Lakh for FY 2022 (down 23% YoY).
Rishab Financial Services has 4 current directors:
- Rajesh Mangalchand Surana - Managing Director
- Surana Champalal Mangalchand - Director
- Ramesh Kumar - Additional Director
- Sudha Surana - Additional Director
Rishab Financial Services reported a net profit of ₹1.85 Lakh (net margin 9.6%) and EBITDA of ₹2.84 Lakh (EBITDA margin 14.7%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rishab Financial Services is -4% over three years and -5% over five years. In the latest year (FY 2022) revenue fell 23%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Rishab Financial Services is L65993TN1990PLC019755. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Rishab Financial Services is a listed company.
Rishab Financial Services has 2 court cases on record: 1 filed by the company and 1 filed against it.
Rishab Financial Services was incorporated on 10 October 1990, making it 36+ years old. It is registered with the Registrar of Companies, Chennai.
Sudha Surana was appointed as Additional Director on 26 Mar 2018. Yeswant Chopra ceased to be Director on 26 Mar 2018. Nareshkumar Surana ceased to be Director on 25 Oct 2011. Rishab Financial Services has 12 board changes on record in total.