About Smifs Limited
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Smifs Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the financial product distributors segment of the financial services sector. It was incorporated on 08 December 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U66220WB1993PLC060987. Its GSTIN is 19AADCS7513E1ZE (West Bengal). The company holds 19 GST registrations, of which 16 are active.
The company has an authorised share capital of ₹90 Cr and a paid-up capital of ₹54.6 Cr. It was formerly known as Smifs Wealth Limited. It is led by directors including Ashiwini Kumar Tripathi (Managing Director) and Sudipto Datta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Vaibhav4 Lee Road, Kolkata, West Bengal, India – 700020.
As per the financials filed for FY 2024, the company reported a revenue of ₹71.18 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹16.51 Cr (net margin 23.2%) and EBITDA of ₹27.02 Cr (EBITDA margin 38%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 26% over five years.
The company has about 97 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: SMIFS. As per MCA filings, the company has open charges of ₹250.54 Cr and satisfied charges of ₹230 Cr on record. Court records list 97 cases involving the company, including 85 filed by the company and 12 filed against it; 49 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smifs.com.
Company details
Name history
Smifs has undergone 5 name changes throughout its history. The current legal name is Smifs Limited.
| Company Name | Status |
|---|---|
| Smifs Limited | Current |
| Smifs Wealth Limited | Previous |
| Smifs Securities Ltd. | Previous |
| Stewart & Mackertich Wealth Management Limited | Previous |
| Snehdeep Trexim Limited | Previous |
CIN history
Smifs has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U66220WB1993PLC060987, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66220WB1993PLC060987 | Current |
| U51109WB1993PLC060987 | Previous |
| U66190WB1993PLC060987 | Previous |
Contact details
Smifs Limited's registered office is in Kolkata, West Bengal. Its website is smifs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressVaibhav4 Lee Road, Kolkata, West Bengal, India – 700020
- IndustryFinancial Services, Financial Product Distributors, Brokerage & Trading Services
To see the full contact details of Smifs 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
Financials of Smifs Limited
FY 2024 filings availableSmifs Limited reported revenue of ₹71.18 Cr (up 44% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 44% growth in the latest year. EBITDA rose 58% 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 |
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| EBITDA | ₹27.02 Cr | ||||
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| Net Profit (PAT) | ₹16.51 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38% | ||||
| Net Profit Margin | 23.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Smifs Limited, buy the company report.
Board of directors of Smifs Limited
Smifs has 7 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dinkar Maheshwari | Director | 05 Sep 2020 | 6 Years 1 Months | Current |
| Ashiwini Kumar Tripathi Also directs: Stewart & Mackertich Commodities Limited, Smifs Wealth Management Limited, Smifs Management Services Limited and 1 more | Managing Director | 07 Nov 2014 | 11 Years 11 Months | Current |
| Sudipto Datta | Whole-Time Director | 03 Aug 2020 | 6 Years 2 Months | Current |
| Rajesh Kumar Kochar | Whole-Time Director | 15 Jun 2013 | 13 Years 4 Months | Current |
| Rahul Kayan Also directs: Smifs Wealth Management Limited, Smifs Management Services Limited, Triton Investment Advisors LLP and 2 more | Director | 20 Dec 2010 | 15 Years 10 Months | Current |
| Kunal Sheth Also directs: CDK Advisors Private Limited | Director | 28 Jan 2025 | 1 Years 9 Months | Current |
Peer comparison
Smifs Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Other Financial Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Abakkus Expert Professionals Private Limited | ₹72.32 Cr (FY 2023) | 57.0% | Mumbai, Maharashtra, India | |||
| Sprism Investment Services Private Limited | ₹72.25 Cr (FY 2025) | -13.0% | Bengaluru, Karnataka, India | |||
| Accel India Management Private Limited | ₹71.6 Cr (FY 2020) | 28.0% | Bangalore, Karnataka, India | |||
| Maben Nidhi Limited | ₹71.26 Cr (FY 2025) | -6.0% | Valapad, Kerala, India | |||
| Smifs Limitedthis company | ₹71.18 Cr (FY 2024) | ₹16.51 Cr | 23.2% | 44.0% | 97 | Kolkata, West Bengal, India |
| Alchemy Investment Managers Private Limited | ₹71.02 Cr (FY 2016) | -14.0% | Mumbai, Maharashtra, India | |||
| Bonus Desk Private Limited | ₹70.29 Cr (FY 2025) | 30.0% | Delhi, India |
To see the full peer comparison of Smifs Limited, buy the company report.
Auditor
Smifs Limited is audited by Sumanta & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sumanta & Co. | FY 2024 | 322554E |
Shareholding
The shareholding of Smifs 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 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Smifs Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Nov 2025 | 101190287 | Others | ₹15 Cr | Open | |
| 24 Sep 2025 | 101198391 | Hdfc Bank Limited | ₹32.62 Lakh | Open | |
| 26 Jun 2025 | 101122254 | Others | ₹5 Cr | Open | |
| 14 Nov 2022 | 100648596 | Hdfc Bank Limited | ₹75 Cr | Open | |
| 30 May 2022 | 100585203 | Others | ₹125 Cr | Open |
To see the full charge records of Smifs Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Smifs Limited has 97 court cases on record: 85 filed by Smifs, 12 filed against it. 49 cases are pending and 48 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 76 | 6 | 40 |
| High courts | 21 | 6 | 9 |
Cases on record (5 of 97)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (FAT) | Filed by the company against Mansamata Securities Private Limited & Ors | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against The State of Maharashtra,Ms Mansamata Securities Pvt.Ltd.,Rohitash Kumar Mittal and Ors-Respondens | Disposed |
| District court, Calcutta, West Bengal | Court case (TS) | Filed by the company against Grasim Industries Limited and 4 others | Disposed |
| Calcutta High Court | Writ petition | Filed by the company against Union of India and Ors | Pending |
| District court, South Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed by the company against an individual | Pending |
To see the full case history of Smifs Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Smifs Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Smifs has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Stewart & Mackertich Commodities Limited | U51909WB2007PLC118900 |
To see the full group structure of Smifs Limited, buy the company report.
Employees & EPFO
Smifs Limited has a workforce of 97 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Smifs has 19 GST registrations: 16 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCS7513E1ZE | West Bengal | Active | 01 Jul 2017 |
| 19AADCS7513E2ZD | West Bengal | Active | 01 Mar 2025 |
| 27AADCS7513E1ZH | Maharashtra | Active | 01 Jul 2017 |
| 10AADCS7513E1ZW | Bihar | Active | 04 Aug 2017 |
To see the full GST registrations and return filing status of Smifs Limited, buy the company report.
Recent activity
Smifs Limited has 21 board changes on record since 2009: 7 appointments and 14 cessations. The latest: Kunal Sheth ceased to be Additional Director on 09 Feb 2025.
24 earlier events are in the company report.
Frequently asked questions
Smifs is an active public limited company based in Kolkata, West Bengal, India. The company works in financial product distributors, within the financial services industry. It was incorporated on 08 December 1993 (33+ years old) and is registered under CIN U66220WB1993PLC060987.
Smifs has 7 current directors:
- Ashiwini Kumar Tripathi - Managing Director
- Sudipto Datta - Whole-Time Director
- Rajesh Kumar Kochar - Whole-Time Director
- Dinkar Maheshwari - Director
- Rahul Kayan - Director
- Kunal Sheth - Director
- Soma Roy - Director
The latest financial statements of Smifs on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Smifs is 19AADCS7513E1ZE, registered in West Bengal. The company has 19 GST registrations in all, of which 16 are active and 3 are cancelled or inactive. Other active GSTINs include 19AADCS7513E2ZD (West Bengal), 27AADCS7513E1ZH (Maharashtra), 10AADCS7513E1ZW (Bihar).
The CIN (Corporate Identification Number) of Smifs is U66220WB1993PLC060987. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Smifs has 97 court cases on record: 85 filed by the company and 12 filed against it. 49 are pending. Most are in the district courts.
Smifs was incorporated on 08 December 1993, making it 33+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Smifs by revenue are Abakkus Expert Professionals Private Limited, Sprism Investment Services Private Limited, Accel India Management Private Limited, Maben Nidhi Limited, Alchemy Investment Managers Private Limited and 1 more, all in the BFSI industry (Other Financial Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Kunal Sheth ceased to be Additional Director on 09 Feb 2025. Soma Roy ceased to be Additional Director on 09 Feb 2025. Kunal Sheth was appointed as Director on 28 Jan 2025. Smifs has 21 board changes on record in total.
Smifs can be reached through the website smifs.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Smifs is at Vaibhav4 Lee Road, Kolkata, West Bengal, India – 700020.