Shah Financial Services Limited
About Shah Financial Services Limited
Data last updated:
Shah Financial Services Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 05 August 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1996PLC101623. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹15.5 Cr and a paid-up capital of ₹13.89 Cr. It is led by directors including Ashok Zaverchand Shah (Managing Director) and Mahendra Hirji Shah.
Its last annual general meeting (AGM) was held on 21 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 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. For the same year it recorded a net profit of ₹17.64 Cr and EBITDA of ₹17.64 Cr. Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 38% over five years.
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.
Company details
CIN history
Shah Financial Services 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 |
Contact details
Shah Financial Services Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1101 Unicorn Chandak Commercial Bulding, Dattaji Salvi Marg Off Veera Desai Road, Mumbai, Maharashtra, India – 400053
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Shah Financial Services 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 Shah Financial Services is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Shah Financial Services Limited, buy the company report.
Financials of Shah Financial Services Limited
FY 2024 filings availableShah Financial Services Limited reported revenue of ₹2.15 Lakh (down 91% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 38% over five years, including a 91% fall in the latest year. EBITDA fell 24% 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 | ₹2.15 Lakh | ||||
| Other Income | |||||
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| EBITDA | ₹17.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.64 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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To see the full financial statements and ratios of Shah Financial Services Limited, buy the company report.
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 | 30 Years 3 Months | Current |
| Ashok Zaverchand Shah Also directs: Hum Estate Facilitators LLP | Managing Director | 05 Aug 1996 | 30 Years 3 Months | Current |
| Mahesh Khetsi Maru Also directs: Shah Tradelink and Industries LLP | Cfo | 01 Mar 2017 | 9 Years 8 Months | Current |
| Girish Sarvotham Shetty Also directs: Shah Paper Mills Limited | Director | 30 Aug 2008 | 18 Years 2 Months | Current |
| Poonam Bharat Chauhan | Director | 30 Sep 2025 | 1 Years 1 Months | Current |
| Parsottam Chhaganbhai Konkani | Director | 30 Sep 2025 | 1 Years 1 Months | Current |
Auditor
Shah Financial Services Limited is audited by S. K. PARVI & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. K. PARVI & ASSOCIATES | FY 2024 | 119663 |
Shareholding
The shareholding of Shah Financial Services Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shah Financial Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Mar 2019 | 100250051 | Others | ₹131.66 Cr | Open | |
| 17 Jun 2014 | 10508959 | Indostar Capital Finance Limited | ₹279.16 Cr | Satisfied |
To see the full charge records of Shah Financial Services Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Shah Financial Services 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 Shah Financial Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shah Financial Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Shah Financial Services Limited, buy the company report.
Recent activity
Shah Financial Services Limited has 13 board changes on record since 1996: 9 appointments and 4 cessations. The latest: Parsottam Chhaganbhai Konkani was appointed as Director on 30 Sep 2025.
9 earlier events are in the company report.
Frequently asked questions
Shah Financial Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 05 August 1996 (30+ years old) and is registered under CIN U67120MH1996PLC101623.
Shah Financial Services has 6 current directors and KMP:
- Ashok Zaverchand Shah - Managing Director
- Mahendra Hirji Shah - Director
- Girish Sarvotham Shetty - Director
- Poonam Bharat Chauhan - Director
- Parsottam Chhaganbhai Konkani - Director
- Mahesh Khetsi Maru - Cfo
The latest financial statements of Shah Financial Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 21 September 2024. Year-wise statements from 2015 are in the company report.
No. Shah Financial Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Shah Financial Services is U67120MH1996PLC101623. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shah Financial Services was incorporated on 05 August 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Parsottam Chhaganbhai Konkani was appointed as Director on 30 Sep 2025. Poonam Bharat Chauhan was appointed as Director on 30 Sep 2025. Mamta Sharma was appointed as Company Secretary on 01 Dec 2024. Shah Financial Services has 13 board changes on record in total.
The registered office of Shah Financial Services is at 1101 Unicorn Chandak Commercial Bulding, Dattaji Salvi Marg Off Veera Desai Road, Mumbai, Maharashtra, India – 400053.
Shah Financial Services operates in the financial services industry, in the investment and credit nbfc segment.
Shah Financial Services has open charges of ₹131.66 Cr and satisfied charges of ₹279.16 Cr as per latest MCA filings.
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