Shruti Financial Services Private Limited
About Shruti Financial Services Private Limited
Data last updated:
Shruti Financial Services Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Jinvani Trading & Investment Company Pvt Ltd. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 25 September 2003.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U67120KA2003PTC032637. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.98 Cr. It was led by directors including Surendra Kedia and Rajat Kedia.
Its last annual general meeting (AGM) was held on 19 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Plot 143 C5 Bommasandra Industrial Area Hosur Road, Bangalore, Karnataka, India – 562158.
As per the financials filed for FY 2022, the company reported a revenue of ₹29.73 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3.54 Cr (net margin 11.9%) and EBITDA of ₹18.16 Cr (EBITDA margin 61.1%). Revenue has grown at a compounded annual rate (CAGR) of 53% over three years and 73% over five years.
As per MCA filings, the company had satisfied charges of ₹360 Cr on record.
Company details
Contact details
Shruti Financial Services Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot 143 C5 Bommasandra Industrial Area Hosur Road, Bangalore, Karnataka, India – 562158
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Shruti Financial Services 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 Shruti Financial Services is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Shruti Financial Services Private Limited, buy the company report.
Financials of Shruti Financial Services Private Limited
FY 2022 filings availableShruti Financial Services Private Limited reported revenue of ₹29.73 Cr (up 216% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 73% over five years, including 216% growth in the latest year. EBITDA rose 238% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹29.73 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹18.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.54 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 61.1% | ||||
| Net Profit Margin | 11.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Shruti Financial Services Private Limited, buy the company report.
Board of directors of Shruti Financial Services Private Limited
Shruti Financial Services has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surendra Kedia Also directs: Fitron Wellness LLP, Manjushree Ventures LLP, Manjushree Packtek Private Limited and 3 more | Director | 29 Jun 2015 | 11 Years 4 Months | As last reported |
| Rajat Kedia | Director | 03 Apr 2015 | 11 Years 6 Months | As last reported |
| Vimal Kedia Also directs: Fitron Wellness LLP, Manjushree Ventures LLP, Manjushree Packtek Private Limited and 5 more | Director | 25 Sep 2003 | 23 Years 1 Months | As last reported |
Peer comparison
Shruti Financial Services Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| J.K. Credit and Finance Limited. | ₹30.03 Cr (FY 2025) | 4.0% | Ballabgarh, Haryana, India | |||
| Pico Capital Private Limited | ₹30.01 Cr (FY 2024) | 6.0% | Mumbai, Maharashtra, India | |||
| Sainik Finance & Industries Limited | ₹29.8 Cr (FY 2019) | 16.0% | Punjabi Bagh, Delhi, India | |||
| Harita Srinivasan Private Limited | ₹29.78 Cr (FY 2025) | 870.0% | Chennai, Tamil Nadu, India | |||
| Shruti Financial Services Private Limitedthis company | ₹29.73 Cr (FY 2022) | ₹3.54 Cr | 11.9% | 216.0% | Bangalore, Karnataka, India | |
| Kotyark Distributors Pvt Ltd | ₹29.54 Cr (FY 2022) | 159.0% | Kolkata, West Bengal, India | |||
| Burlington Finance Ltd. | ₹29.52 Cr (FY 2019) | 801.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Shruti Financial Services Private Limited, buy the company report.
Auditor
Shruti Financial Services Private Limited is audited by SHARMA AND PAGARIA for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHARMA AND PAGARIA | FY 2022 | 008217S |
Shareholding
The shareholding of Shruti Financial Services Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shruti Financial Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jan 2015 | 10546182 | Stci Finance Limited | ₹180 Cr | Satisfied | |
| 01 Jan 2015 | 10542045 | Stci Finance Limited | ₹180 Cr | Satisfied |
To see the full charge records of Shruti Financial Services Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Shruti Financial Services 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 Shruti Financial Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shruti Financial Services has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Shruti Financial Services Private Limited, buy the company report.
Recent activity
Shruti Financial Services Private Limited has 7 board changes on record since 2003: 3 appointments and 4 cessations. The latest: Rajat Kedia ceased to be Additional Director on 24 Sep 2015.
2 earlier events are in the company report.
Frequently asked questions
Shruti Financial Services 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.
Shruti Financial Services was a private limited company based in Bangalore, Karnataka, India. The company worked in nbfc, within the financial services industry. It was incorporated on 25 September 2003 and is registered under CIN U67120KA2003PTC032637. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Shruti Financial Services was incorporated on 25 September 2003. It is registered with the Registrar of Companies, Bangalore.
Shruti Financial Services had 3 directors:
- Surendra Kedia - Director
- Rajat Kedia - Director
- Vimal Kedia - Director
The CIN (Corporate Identification Number) of Shruti Financial Services is U67120KA2003PTC032637. 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 Shruti Financial Services is at Plot 143 C5 Bommasandra Industrial Area Hosur Road, Bangalore, Karnataka, India – 562158.
The latest financial statements of Shruti Financial Services on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 19 September 2022. Year-wise statements from 2015 are in the company report.
No. Shruti Financial Services has 2 GST registrations on record and all of them are cancelled or inactive.
Shruti Financial Services operated in the financial services industry, in the nbfc segment.
The peers of Shruti Financial Services by revenue are J.K. Credit and Finance Limited, Pico Capital Private Limited, Sainik Finance & Industries Limited, Harita Srinivasan Private Limited, Kotyark Distributors Pvt Ltd and 1 more, all in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities).
Rajat Kedia ceased to be Additional Director on 24 Sep 2015. Surendra Kedia ceased to be Additional Director on 24 Sep 2015. Basant Raj Bhotika ceased to be Additional Director on 04 Jul 2015. Shruti Financial Services has 7 board changes on record in total.
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