Sashiate Microfin Private Limited
About Sashiate Microfin Private Limited
Data last updated:
Sashiate Microfin Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 14 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65999GJ2016PTC094693.
The company has an authorised share capital of ₹5.25 Cr and a paid-up capital of ₹5.08 Cr. It is led by directors including Gaurang Mukulbhai Shah (Managing Director) and Minaxiben Mukulbhai Shah.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.29 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹11.02 Lakh (net margin -4.8%) and EBITDA of -₹5.27 Lakh (EBITDA margin -2.3%). Revenue has grown at a compounded annual rate (CAGR) of 108% over three years and 59% over five years.
The company has 1 deal on record (1 funding round), with disclosed funding of ₹5.07 Cr; the latest was in March 2018.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sashiate Microfin Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address602 Shitiratna Complex Above Laxmi Cycle Shop Panchvati Five C, Ross Road, Ahmedabad, Gujarat, India – 380009
- IndustryFinancial Services, NBFC
To see the full contact details of Sashiate Microfin 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 Sashiate Microfin 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 Sashiate Microfin Private Limited, buy the company report.
Financials of Sashiate Microfin Private Limited
FY 2024 filings availableSashiate Microfin Private Limited reported revenue of ₹2.29 Cr (up 214% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 59% over five years, including 214% growth in the latest year. EBITDA rose 91% 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 |
|---|---|---|---|---|---|
| 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 | -₹5.27 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.02 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.3% | ||||
| Net Profit Margin | -4.8% | ||||
| 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 Sashiate Microfin Private Limited, buy the company report.
Board of directors of Sashiate Microfin Private Limited
Sashiate Microfin has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurang Mukulbhai Shah Also directs: Icon Mart Private Limited | Managing Director | 14 Dec 2016 | 9 Years 10 Months | Current |
| Minaxiben Mukulbhai Shah Also directs: Icon Mart Private Limited | Director | 14 Dec 2016 | 9 Years 10 Months | Current |
| Sangeeta Gaurang Shah Also directs: Icon Mart Private Limited | Director | 14 Dec 2016 | 9 Years 10 Months | Current |
Auditor
Sashiate Microfin Private Limited is audited by S B MANDALIA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S B MANDALIA & CO | FY 2021 | 122979W |
Shareholding
The shareholding of Sashiate Microfin Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 | FY 2017 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Sashiate Microfin Private Limited, buy the company report.
Deals & funding
Sashiate Microfin Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹5.07 Cr; the latest was in March 2018.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Funding round | ₹5.07 Cr | Investors: Gaurang Mukulbhai Shah HUF, Mukulbhai Shantilal Shah HUF, 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Sashiate Microfin 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 Sashiate Microfin 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 Sashiate Microfin Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sashiate Microfin Private Limited has 5 board changes on record since 2016: 3 appointments and 2 cessations. The latest: Manojkumar Hiralal Shah ceased to be Director on 02 Aug 2022.
Frequently asked questions
Sashiate Microfin is an active private limited company based in Ahmedabad, Gujarat, India. The company works in nbfc, within the financial services industry. It was incorporated on 14 December 2016 (10+ years old) and is registered under CIN U65999GJ2016PTC094693.
Sashiate Microfin has 3 current directors:
- Gaurang Mukulbhai Shah - Managing Director
- Minaxiben Mukulbhai Shah - Director
- Sangeeta Gaurang Shah - Director
The latest financial statements of Sashiate Microfin 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 FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Sashiate Microfin is U65999GJ2016PTC094693. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sashiate Microfin was incorporated on 14 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sashiate Microfin has 1 deal on record (1 funding round), with disclosed funding of ₹5.07 Cr; the latest was in March 2018.
Manojkumar Hiralal Shah ceased to be Director on 02 Aug 2022. Gaurang Mukulbhai Shah ceased to be Director on 14 Aug 2019. Gaurang Mukulbhai Shah was appointed as Managing Director on 14 Dec 2016. Sashiate Microfin has 5 board changes on record in total.
The registered office of Sashiate Microfin is at 602 Shitiratna Complex Above Laxmi Cycle Shop Panchvati Five C, Ross Road, Ahmedabad, Gujarat, India – 380009.
Sashiate Microfin operates in the financial services industry, in the nbfc segment.
The compliance status of Sashiate Microfin is compliant as of 23 July 2026. The company is actively filing with the Registrar of Companies.