About SMFL Services Limited
Data last updated:
SMFL Services Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Dwm Investments (Cyprus) Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 21 March 1995.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U70200TN1995PLC030604. Its GSTIN is 33AAFCS5614J1ZD (Tamil Nadu). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹17.34 Cr. It was formerly known as Sri Madhava Finance Private Limited and Semam Microfinance Investment Literacy & Empowerment Limited. It is led by directors including J Bradley Swanson and Anil Kumar Khicha (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 16 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.79 Cr, a decline of 65% compared to the previous year. For the same year it recorded a net profit of ₹3.05 Cr (net margin 44.9%) and EBITDA of ₹3.17 Cr (EBITDA margin 46.7%).
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: S.M.I.L.E. Microfinance. As per MCA filings, the company has open charges of ₹25 Cr and satisfied charges of ₹2,064.79 Cr on record. Court records list 16 cases involving the company, including 4 filed by the company and 12 filed against it; 1 case is pending. The company has 2 deals on record (1 acquisition, 1 funding round), with disclosed funding of ₹50 Cr; the latest was in January 2013. Its 10 peer companies in the BFSI industry (Large NBFC, Micro Finance Institutions, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 5 larger and 5 smaller; the largest is Caterpillar Financial Services India Private Limited with revenue of ₹6.94 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 5 overdue payments to 3 micro and small suppliers.
The last known website on record is sfltd.in.
Company details
Name history
SMFL Services has undergone 2 name changes throughout its history. The company was previously known as Sri Madhava Finance Private Limited, and Semam Microfinance Investment Literacy & Empowerment Limited. The current legal name is Smfl Services Limited.
| Company Name | Status |
|---|---|
| SMFL Services Limited | Current |
| Sri Madhava Finance Private Limited | Previous |
| Semam Microfinance Investment Literacy & Empowerment Limited | Previous |
CIN history
SMFL Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U70200TN1995PLC030604, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70200TN1995PLC030604 | Current |
| U67190TN1995PTC030604 | Previous |
| U67190TN1995PLC030604 | Previous |
Contact details
SMFL Services Limited's registered office is in Chennai, Tamil Nadu. Its website is sfltd.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address8th Floor No 2 South Tower, Krm Plaza Harrington Road Chetpet, Chennai, Tamil Nadu, India – 600031
- IndustryFinancial Services, Microfinance Institutions, NBFC
To see the full contact details of SMFL 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
Brands
SMFL Services operates one associated brand: S.M.I.L.E. Microfinance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Non-banking financial company offering financial services | sfltd.in |
Financials of SMFL Services Limited
FY 2024 filings availableSMFL Services Limited reported revenue of ₹6.79 Cr (down 65% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 65% in the latest year. EBITDA fell 69% in the latest 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 | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.05 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 46.7% | ||||
| Net Profit Margin | 44.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of SMFL Services Limited, buy the company report.
Board of directors and KMP of SMFL Services Limited
SMFL Services Limited currently reports 3 directors and 1 key managerial person. 31 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatachalam Sundaram Padmanaban Also directs: Kiwi Health Private Limited, Kiwi Hospitals Private Limited, Kiwi Prime Health Private Limited and 1 more | Nominee Director | 29 Oct 2019 | 6 Years 11 Months | As last reported |
| Vee Thangavelu Prabakaran | Cfo | 01 Apr 2015 | 11 Years 6 Months | As last reported |
| J Bradley Swanson | Director | 04 Jan 2010 | 16 Years 9 Months | As last reported |
| Anil Kumar Khicha | Irp/Rp/Liquidator | 16 Sep 2024 | 2 Years 1 Months | As last reported |
Peer comparison
SMFL Services Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Large NBFC, Micro Finance Institutions, Systemically Important Non Deposit NBFC), 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 |
|---|---|---|---|---|---|---|
| Caterpillar Financial Services India Private Limited | ₹6.94 Cr (FY 2020) | Bangalore, Karnataka, India | ||||
| G. K. & Sons Pvt Ltd | ₹6.94 Cr (FY 2025) | -22.0% | Kolkata, West Bengal, India | |||
| Shardul Securities Limited | ₹6.91 Cr (FY 2019) | -9.0% | Mumbai, Maharashtra, India | |||
| Poonawalla Credit Private Limited | ₹6.88 Cr (FY 2020) | 396.0% | Pune, Maharashtra, India | |||
| Sustainable Agro-Commercial Finance Limited | ₹6.83 Cr (FY 2024) | -30.0% | Mumbai, Maharashtra, India | |||
| SMFL Services Limitedthis company | ₹6.79 Cr (FY 2024) | ₹3.05 Cr | 44.9% | -65.0% | 2 | Chennai, Tamil Nadu, India |
| Meghalaya Industrial Development Corporation Limited | ₹6.58 Cr (FY 2022) | -5.0% | Shillong, Meghalaya, India | |||
| Odyssey Capital Private Limited | ₹6.43 Cr (FY 2025) | -8.0% | Mumbai, Maharashtra, India | |||
| Optimum Stock Trading Company Private Limited | ₹6.35 Cr (FY 2025) | 84.0% | Mumbai, Maharashtra, India | |||
| K.G. Finvest Private Limited | ₹6.13 Cr (FY 2025) | 8507.0% | Delhi, India | |||
| Kalyan Vyapaar Pvt. Ltd. | ₹5.99 Cr (FY 2025) | 264.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of SMFL Services Limited, buy the company report.
Auditor
SMFL Services Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2019 | 117366W/W-100018 |
Shareholding
The shareholding of SMFL Services Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of SMFL Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Aug 2020 | 100371236 | Others | ₹25 Cr | Open | |
| 11 Mar 2022 | 100548109 | Others | ₹40 Cr | Satisfied | |
| 29 Oct 2021 | 100505342 | Others | ₹10 Cr | Satisfied | |
| 25 Oct 2021 | 100494306 | Others | ₹20 Cr | Satisfied | |
| 28 Sep 2021 | 100492196 | Others | ₹20 Cr | Satisfied |
To see the full charge records of SMFL Services Limited, buy the company report.
Total charge records: 253 View all charges
Deals & funding
SMFL Services Limited has 2 deals on record (1 acquisition, 1 funding round), with disclosed funding of ₹50 Cr; the latest was in January 2013.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2013 | Funding round | ₹50 Cr | Investors: Developing World Markets |
| Jan 2010 | Acquisition | ₹37.3 Cr | Buyer: Developing World Markets |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SMFL Services Limited has 16 court cases on record: 4 filed by SMFL Services, 12 filed against it. 1 case is pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 5 | 0 |
| District courts | 4 | 4 | 0 |
| Supreme Court | 3 | 3 | 1 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Civil miscellaneous application | Filed by the company against M/S. Fathi Software (Pvt) Ltd., and 2 others | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by J. Mohammed Nazir S/D/W/Thru:- A. Jainudeen No. 9, Police Commissioner, Office Road, Egmore ,Chennai , Tamil Nadu and 1 other | Pending |
| Supreme Court | Court case (2703-Religious & Charitable Endowments : Others) | Filed against the company by J. Mohammed Nazir S/D/W/Thru:- A. Jainudeen No. 9 Police Commissioner Office Road, Egmore ,Chennai , Tamil Nadu | Disposed |
| Supreme Court | Court case (2703-Religious & Charitable Endowments : Others) | Filed against the company by M. Rabia Banu S/D/W/Thru:- J. Mohammed Nazir No. 9, Police Commissioner Office Road, Egmore ,Chennai , Tamil Nadu | Disposed |
| District court, Thoothukudi, Tamil Nadu | Court case (IP) | Filed against the company by an individual | Disposed |
To see the full case history of SMFL Services 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.
Credit ratings & regulatory alerts
SMFL Services Limited was last rated by Icra on 28 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 28 Apr 2022 |
To see the full credit ratings and regulatory alerts of SMFL Services Limited, buy the company report.
MSME payment delays
SMFL Services Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 5 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bharucha & Partners | |||
| Cameo Corporate Services Limited | |||
| Kayman Vaults India Private Limited |
To see the full MSME payment records of SMFL Services Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
SMFL Services Limited has a workforce of 2 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
SMFL Services has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCS5614J1ZD | Tamil Nadu | Active | 01 Jul 2017 |
| 32AAFCS5614J1ZF | Kerala | Active | 01 Nov 2017 |
| 34AAFCS5614J1ZB | Puducherry | Active | 09 Nov 2017 |
| 22AAFCS5614J1ZG | Chhattisgarh | Active | 10 Aug 2019 |
To see the full GST registrations and return filing status of SMFL Services Limited, buy the company report.
Recent activity
SMFL Services Limited has 35 board changes on record since 2007: 4 appointments and 31 cessations. The latest: Aleem Remtula ceased to be Director on 31 Dec 2024.
546 earlier events are in the company report.
Frequently asked questions
SMFL Services is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
SMFL Services is a company under liquidation, formerly operating as a public limited company based in Chennai, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 21 March 1995 and is registered under CIN U70200TN1995PLC030604. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
SMFL Services has 4 current directors and KMP:
- Venkatachalam Sundaram Padmanaban - Nominee Director
- J Bradley Swanson - Director
- Vee Thangavelu Prabakaran - Cfo
- Anil Kumar Khicha - Irp/Rp/Liquidator
The latest financial statements of SMFL Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 16 August 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of SMFL Services is U70200TN1995PLC030604. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SMFL Services has open charges of ₹25 Cr and satisfied charges of ₹2,064.79 Cr as per latest MCA filings.
SMFL Services has 16 court cases on record: 4 filed by the company and 12 filed against it. 1 is pending. Most are in the high courts.
SMFL Services was incorporated on 21 March 1995. It is registered with the Registrar of Companies, Chennai.
SMFL Services has 2 deals on record (1 acquisition, 1 funding round), with disclosed funding of ₹50 Cr; the latest was in January 2013.
The peers of SMFL Services by revenue are Caterpillar Financial Services India Private Limited, G. K. & Sons Pvt Ltd, Shardul Securities Limited, Poonawalla Credit Private Limited, Sustainable Agro-Commercial Finance Limited and 5 more, all in the BFSI industry (Large NBFC, Micro Finance Institutions, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities).
Aleem Remtula ceased to be Director on 31 Dec 2024. Vee Thangavelu Prabakaran ceased to be Additional Director on 31 Dec 2024. Anil Kumar Khicha was appointed as Irp/Rp/Liquidator on 16 Sep 2024. SMFL Services has 35 board changes on record in total.
SMFL Services has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 5 overdue payments to 3 micro and small suppliers. The latest return was filed on 29 Apr 2024.