Samruddhi Finstock Limited
About Samruddhi Finstock Limited
Data last updated:
Samruddhi Finstock Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Samco Ventures Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the diversified financial services segment of the financial services sector. It was incorporated on 29 March 1995.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U65910MH1995PLC367237. Its GSTIN is 27AACCS3742C1ZN (Maharashtra). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹30 Lakh. It was led by directors including Jimeet Vipul Modi and Vipul Jayantilal Modi.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 1004 A Wing Naman Midtown 10th Floor Senapati Bapat Marg Prabhadevi, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2023, the company reported a revenue of ₹63,783, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹18.44 Lakh and EBITDA of -₹15,767 (EBITDA margin -24.7%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 65% over five years.
The company was associated with 1 brand: Samco. Court records list 12 cases involving the company, including 8 filed by the company and 4 filed against it. The company has 4 deals on record (2 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹2.5 Cr; the latest was in March 2015. Its 6 peer companies in the BFSI industry (Other Financial Services), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 2 larger and 4 smaller; the largest is Florida Holdings and Trading Pvt Ltd with revenue of ₹64,247.
Company details
CIN history
Samruddhi Finstock has one previous CIN (Corporate Identification Number): U65910GJ1995PLC025229. The current CIN is U65910MH1995PLC367237, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65910MH1995PLC367237 | Current |
| U65910GJ1995PLC025229 | Previous |
Contact details
Samruddhi Finstock Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address1004 A Wing Naman Midtown 10th Floor Senapati Bapat Marg Prabhadevi, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Samruddhi Finstock 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
Financials of Samruddhi Finstock Limited
FY 2023 filings availableSamruddhi Finstock Limited reported revenue of ₹63,783 (down 96% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 65% over five years, including a 96% fall in the latest year. EBITDA rose 98% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹15,767 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹18.44 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -24.7% | ||||
| 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 Samruddhi Finstock Limited, buy the company report.
Board of directors of Samruddhi Finstock Limited
Samruddhi Finstock 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 |
|---|---|---|---|---|
| Jimeet Vipul Modi Also directs: Samco Ventures Private Limited, Samco Foundation, Samco Asset Management Private Limited and 1 more | Director | 17 Jan 2015 | 11 Years 9 Months | As last reported |
| Vipul Jayantilal Modi Also directs: K. A. Investments Consultancy LLP, Quick Trading and Investment Advisors LLP, Piyali Builders and Developers LLP and 5 more | Director | 24 Dec 1996 | 29 Years 10 Months | As last reported |
| Leena Vipul Modi Also directs: K. A. Investments Consultancy LLP, Quick Trading and Investment Advisors LLP, Piyali Builders and Developers LLP and 5 more | Director | 08 Feb 2002 | 24 Years 8 Months | As last reported |
Peer comparison
Samruddhi Finstock Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Other Financial Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Florida Holdings and Trading Pvt Ltd | ₹64,247 (FY 2025) | -88.0% | Mumbai, Maharashtra, India | |||
| Boribunder Finance and Investments Private Limited | ₹64,000 (FY 2025) | 83.0% | Mumbai, Maharashtra, India | |||
| Samruddhi Finstock Limitedthis company | ₹63,783 (FY 2023) | -₹18.44 Lakh | -96.0% | Mumbai, Maharashtra, India | ||
| Sujyoti Capital Services Private Limited | ₹63,767 (FY 2025) | Mumbai, Maharashtra, India | ||||
| Maryland Suppliers Private Limited | ₹63,700 (FY 2025) | -1.0% | Kolkata, West Bengal, India | |||
| Bay-Side Exports Private Limited | ₹63,606 (FY 2022) | -13.0% | Mumbai, Maharashtra, India | |||
| Brindaban Agro Industries Private Limited | ₹63,603 (FY 2022) | -13.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Samruddhi Finstock Limited, buy the company report.
Auditor
Samruddhi Finstock Limited is audited by I.P. MEHTA & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| I.P. MEHTA & CO. | FY 2017 | 034609 |
Shareholding
The shareholding of Samruddhi Finstock Limited 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 Samruddhi Finstock Limited, buy the company report.
Deals & funding
Samruddhi Finstock Limited has 4 deals on record (2 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹2.5 Cr; the latest was in March 2015.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Acquisition | Undisclosed | Buyer: Samco Ventures Private Limited Seller: Cvil Infra Limited , 2 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Cvil Infra Limited Seller: Congent Ventura India Limited |
| Mar 2008 | Secondary share transfer | Undisclosed | Seller: Winsure Trade Invest Private Limited |
To see the full deal history of Samruddhi Finstock 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
Samruddhi Finstock Limited has 12 court cases on record: 8 filed by Samruddhi Finstock, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 1 | 0 |
| District courts | 4 | 3 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Samco Securities Ltd. and 2 Ors. | Disposed |
| Bombay High Court | Commercial suit | Filed by the company against Samco Securities Limited and 1 other | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Samco Securities Limited and 1 other | Disposed |
| Bombay High Court | Court case (CHS) | Filed by the company against Advisorymandi.Com Pvt Ltd and Anr and 1 other | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against Advisorymandi.Com Pvt Ltd and Anr and 1 other | Disposed |
To see the full case history of Samruddhi Finstock 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Samruddhi Finstock Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Samruddhi Finstock has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCS3742C1ZN | Maharashtra | Active | 01 Jul 2017 |
| 24AACCS3742C1ZT | Gujarat | Active | 16 May 2018 |
To see the full GST registrations and return filing status of Samruddhi Finstock Limited, buy the company report.
Recent activity
Samruddhi Finstock Limited has 5 board changes on record since 1996: 3 appointments and 2 cessations. The latest: Venkateswara Suram Rao ceased to be Additional Director on 30 Sep 2015.
Frequently asked questions
Samruddhi Finstock 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.
Samruddhi Finstock was a public limited company based in Mumbai, Maharashtra, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 29 March 1995 and is registered under CIN U65910MH1995PLC367237. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Samruddhi Finstock was incorporated on 29 March 1995. It is registered with the Registrar of Companies, Mumbai.
Samruddhi Finstock had 3 directors:
- Jimeet Vipul Modi - Director
- Vipul Jayantilal Modi - Director
- Leena Vipul Modi - Director
The CIN (Corporate Identification Number) of Samruddhi Finstock is U65910MH1995PLC367237. 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 Samruddhi Finstock is at 1004 A Wing Naman Midtown 10th Floor Senapati Bapat Marg Prabhadevi, Mumbai, Maharashtra, India – 400013.
The latest financial statements of Samruddhi Finstock on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Samruddhi Finstock is 27AACCS3742C1ZN, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AACCS3742C1ZT (Gujarat).
Samruddhi Finstock operated in the financial services industry, in the diversified financial services segment.
Samruddhi Finstock has 4 deals on record (2 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹2.5 Cr; the latest was in March 2015.
The peers of Samruddhi Finstock by revenue are Florida Holdings and Trading Pvt Ltd, Boribunder Finance and Investments Private Limited, Sujyoti Capital Services Private Limited, Maryland Suppliers Private Limited, Bay-Side Exports Private Limited and 1 more, all in the BFSI industry (Other Financial Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
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.
