Shah Financial Services Limited - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 1996.
1996 Mumbai, Maharashtra, India Active
Last Updated:
Access Report
About Shah Financial Services Limited

Shah Financial Services Limited, a active public limited company, was established on 05 August 1996 in Mumbai, Maharashtra, India. Engaging in investment & credit nbfc within the financial and insurance service sector, it holds CIN: U67120MH1996PLC101623. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹15.50 Cr and a paid-up capital of ₹13.89 Cr.

It upholds a compliant status. Its leadership includes Mahendra Hirji Shah (Director), Ashok Zaverchand Shah (Managing Director), Mahesh Khetsi Maru (Cfo). Past directors included Amritlal Khimji Shah, Hiral Purohit, Ashok Zaverchand Shah. It holds ₹131.66 Cr open charges and ₹279.16 Cr settled loans. Its latest AGM occurred on 21 September 2024, with the balance sheet filed on 31 March 2024. It is based at 1101, Unicorn, Chandak Commercial Bulding, Dattaji Salvi Marg, Off Veera Desai Road, Mumbai, Maharashtra, 400053.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U67120MH1996PLC101623

  • Registration Number

    101623

  • Incorporation Date

    05 August 1996

  • Authorized Capital

    ₹15.50 Cr

  • Paid-Up Capital

    ₹13.89 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 15.50 Cr
  • Paid Up Capital ₹ 13.89 Cr
  • Company Age 29 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 131.66 Cr
  • Satisfied Charges ₹ 279.16 Cr
  • Revenue Growth **** -90.52%
  • Profit Growth **** -129.29%
  • Ebitda **** -118.59%
  • Net Worth -0.16%
  • Total Assets -0.40%
Company report

Shah Financial Services Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Shah Financial Services Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report
Who are the key members and board of directors at Shah Financial Services Limited?
Current Directors
Name Designation Appointment Date Status
Mahendra Hirji Shah Director 05 Aug 1996 Current
Ashok Zaverchand Shah Managing Director 05 Aug 1996 Current
Mahesh Khetsi Maru Cfo 01 Mar 2017 Current
Girish Sarvotham Shetty Director 30 Aug 2008 Current
Poonam Bharat Chauhan Director 30 Sep 2025 Current
Parsottam Chhaganbhai Konkani Director 30 Sep 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 28 Mar 2022 Past
Pramod Abcsdd Company Secretary - Past
Pramod Abcsdd Director 30 Aug 2008 Past
Pramod Abcsdd Director 30 Nov 2021 Past
Pramod Abcsdd Director 23 May 2019 Past
Pramod Abcsdd Company Secretary - Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Shah Financial Services.

Shah Financial Services Limited, for the financial year ended 2024, experienced significant reduction in revenue, with a 90.52% decrease. The company also saw a substantial fall in profitability, with a 129.29% decrease in profit. The company's net worth dipped by a decrease of 0.16%.

Shah Financial Services revenue growth over time
Shah Financial Services profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -90.52%
*******
*******
*******
*******
Revenue from Operations
*******
 -90.52%
*******
*******
*******
*******
Total Assets
*******
 -0.40%
*******
*******
*******
*******
Profit or Loss
*******
 -129.29%
*******
*******
*******
*******
Net Worth
*******
 -0.16%
*******
*******
*******
*******
EBITDA
*******
 -118.59%
*******
*******
*******
*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Shah Financial Services?

In 2024, Shah Financial Services had a promoter holding of 53.93% and a public holding of 46.07%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

Reveal ownership structures and financial performance - Get instant access now!

Charges (Loans)
Open Charges

₹1,316,600,000.00

Satisfied Charges

₹2,791,600,000.00

Charges Breakdown by Lending Institutions
  • Others : 131.66 Cr
Latest Charge Details
Date Lender Amount Status
19 Mar 2019 Others ₹131.66 Cr Open
17 Jun 2014 Indostar Capital Finance Limited ₹279.16 Cr Satisfied

Explore comprehensive loan charge details -

How Many Employees Work at Shah Financial Services?

Unlock and access historical data on people associated with Shah Financial Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Shah Financial Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Shah Financial Services's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Shah Financial Services
Recent Activity within the Organization
  • Director Appointment

    Progress on Poonam Bharat Chauhan was appointed as a Director was appointed as a Director on 30 Sep 2025 & has been associated with this company since 4 months 21 days . was documented.

  • Director Appointment

    Parsottam Chhaganbhai Konkani was appointed as a Director was appointed as a Director on 30 Sep 2025 & has been associated with this company since 4 months 21 days . was recorded as a recent event.

  • Director Appointment

    The activity Mamta Sharma was appointed as a Company Secretary was appointed as a Company Secretary on 10 Dec 2024 & has been associated with this company since 1 year 2 months . was completed.

  • Annual General Meeting

    The activity Shah Financial Services Limited last Annual general meeting of members was held on 21 Sep 2024 as per latest MCA records. was completed.

  • Balance Sheet

    Shah Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was recorded as a recent event.

  • Charges

    The activity A charge with Others of Rs. 131.66 Cr registered on 19 Mar 2019 with Charge ID 100250051 was modified on 07 Jun 2023. was completed.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Shah Financial Services Limited?

The CIN of Shah Financial Services Limited is U67120MH1996PLC101623.

Where is Shah Financial Services Limited headquartered?

Shah Financial Services Limited is headquartered at 1101, Unicorn, Chandak Commercial Bulding, Dattaji Salvi Marg, Off Veera Desai Road, Mumbai, Maharashtra, 400053.

When was Shah Financial Services Limited incorporated?

Shah Financial Services Limited was incorporated on 05 August 1996.

Who are the current directors of Shah Financial Services Limited?

The current directors of Shah Financial Services Limited are

What is the primary industry of Shah Financial Services Limited?

The primary industry of Shah Financial Services Limited is Financial And Insurance Service.

Is Shah Financial Services Limited a listed company?

Shah Financial Services Limited is unlisted.

What is the capital structure of Shah Financial Services Limited?

The authorized capital of Shah Financial Services Limited is ₹15.50 Cr, and the paid-up capital is ₹13.89 Cr.

What is the compliance status of Shah Financial Services Limited?

The compliance status of Shah Financial Services Limited is Compliant.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available