Shah Financial Services Limited
About Shah Financial Services Limited
Data last updated: 05 January 2026
Shah Financial Services Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in investment and credit NBFC, a part of the broader financial services sector. Incorporated on 05 August 1996, the company has been in operation for over 30 years.
Registered with ROC Mumbai under CIN U67120MH1996PLC101623.
Capital: an authorised share capital of ₹15.5 Cr and a paid-up capital of ₹13.89 Cr. It is led by directors including Mahendra Hirji Shah and Ashok Zaverchand Shah.
Last AGM: 21 September 2024. Financial statements filed for year ended 31 March 2024. Office: Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.15 Lakh, a decline of 91% compared to the previous year.
As per MCA filings, the company has open charges of ₹131.66 Cr and satisfied charges of ₹279.16 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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Registered Address1101 Unicorn Chandak Commercial Bulding, Dattaji Salvi Marg Off Veera Desai Road, Mumbai, Maharashtra, India – 400053
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IndustryFinancial Services, Investment & Credit NBFC, NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Shah Financial Services Limited
Shah Financial Services Limited has one previous CIN (Corporate Identification Number): L67120MH1996PLC101623. The current CIN is U67120MH1996PLC101623, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120MH1996PLC101623 | Current |
| L67120MH1996PLC101623 | Previous |
Business Activity of Shah Financial Services Limited
Shah Financial Services Limited is engaged in the principal business activity of financial and insurance activities, with detailed activities including activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | Locked |
Business activity turnover details for Shah Financial Services Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Shah Financial Services Limited
Shah Financial Services Limited is audited by S. K. PARVI & ASSOCIATES for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. K. PARVI & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Shah Financial Services Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Shah Financial Services Limited
Shah Financial Services Limited currently reports 5 directors and 1 key managerial person. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Hirji Shah | Director | 05 Aug 1996 | 29 Years 11 Months | Current |
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Ashok Zaverchand Shah
Also directs:
Hum Estate Facilitators Llp
|
Managing Director | 05 Aug 1996 | 29 Years 11 Months | Current |
|
Mahesh Khetsi Maru
Also directs:
Shah Tradelink And Industries Llp
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Cfo | 01 Mar 2017 | 9 Years 4 Months | Current |
|
Girish Sarvotham Shetty
Also directs:
Shah Paper Mills Limited
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Director | 30 Aug 2008 | 17 Years 10 Months | Current |
| Poonam Bharat Chauhan | Director | 30 Sep 2025 | 0 Years 9 Months | Current |
| Parsottam Chhaganbhai Konkani | Director | 30 Sep 2025 | 0 Years 9 Months | Current |
Financials of Shah Financial Services Limited FY 2024 filings available
Shah Financial Services Limited reported revenue of ₹2.15 Lakh (down 91.00% YoY) for FY 2024.
Ten-year financial statements for Shah Financial Services Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Shah Financial Services Limited
Shareholding and ownership data for Shah Financial Services Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Shah Financial Services Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Mar 2019 | Others | ₹131.66 Cr | Open |
| 17 Jun 2014 | Indostar Capital Finance Limited | ₹279.16 Cr | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Shah Financial Services Limited
View historical data on people associated with Shah Financial Services Limited, including employment history and EPFO contributions.
Employee and EPFO history for Shah Financial Services Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Shah Financial Services Limited
GST registrations and filing compliance for Shah Financial Services Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Shah Financial Services Limited
Credit ratings, litigation, and regulatory alerts for Shah Financial Services Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- 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 Shah Financial Services Limited
MSME payment history for Shah Financial Services Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Shah Financial Services Limited
Corporate group structure for Shah Financial Services Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Shah Financial Services Limited
MCA filings and documents for Shah Financial Services Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Shah Financial Services Limited
Frequently Asked Questions about Shah Financial Services Limited
Shah Financial Services Limited is an active public limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 05 August 1996 (30+ years old) and is registered under CIN U67120MH1996PLC101623.
Shah Financial Services Limited reported revenue of ₹2.15 Lakh for FY 2024 (down 91.00% YoY).
The current directors and KMP of Shah Financial Services Limited are:
- Mahendra Hirji Shah - Director
- Ashok Zaverchand Shah - Managing Director
- Mahesh Khetsi Maru - Cfo
- Girish Sarvotham Shetty - Director
- Poonam Bharat Chauhan - Director
- Parsottam Chhaganbhai Konkani - Director
The primary industry of Shah Financial Services Limited is financial services. The company specifically operates in investment and credit nbfc. The company is currently active in this sector.
Shah Financial Services Limited can be reached at the registered office: 1101 Unicorn Chandak Commercial Bulding, Dattaji Salvi Marg Off Veera Desai Road, Mumbai, Maharashtra, India – 400053.
The authorised capital is ₹15.5 Cr, and the paid-up capital is ₹13.89 Cr.