Speed Business Private Limited
About Speed Business Private Limited
Data last updated:
Speed Business Private Limited was a private limited company based in Kolkata, West Bengal, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the diversified financial services segment of the financial services sector. It was incorporated on 12 September 2000.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB2000PTC092400. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹67.7 Lakh and a paid-up capital of ₹67.67 Lakh. It was led by directors Ravi Kumar Newatia and Asha Newatia.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 53A Mirza Gohalib Street Floor4Th Floor 2 Park Street., Kolkata, West Bengal, India – 700016.
As per the financials filed for FY 2023, the company reported a revenue of ₹48.47 Lakh, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹7.75 Lakh (net margin 16%) and EBITDA of ₹9.6 Lakh (EBITDA margin 19.8%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 25% over five years.
As per MCA filings, the company had open charges of ₹1.08 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
Company details
Contact details
Speed Business Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address53A Mirza Gohalib Street Floor4Th Floor 2 Park Street., Kolkata, West Bengal, India – 700016
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Speed Business 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 Speed Business 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 Speed Business Private Limited, buy the company report.
Financials of Speed Business Private Limited
FY 2023 filings availableSpeed Business Private Limited reported revenue of ₹48.47 Lakh (down 18% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 18% fall 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹9.6 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.75 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.8% | ||||
| Net Profit Margin | 16% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Speed Business Private Limited, buy the company report.
Board of directors of Speed Business Private Limited
Speed Business has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Kumar Newatia Also directs: Ritesh Commercial Holdings Ltd, Ritesh Properties Private Limited, BBR Developers Private Limited and 5 more | Director | 05 Feb 2014 | 12 Years 8 Months | As last reported |
| Asha Newatia Also directs: Rani Sati Mercantiles Pvt Ltd, Darshan Vyapaar Pvt. Ltd., Shiv Shankar Securities Pvt Ltd and 3 more | Director | 20 Aug 2019 | 7 Years 2 Months | As last reported |
Peer comparison
Speed Business Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial Services), 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 |
|---|---|---|---|---|---|---|
| Subramanian Investments Private Limited | ₹48.52 Lakh (FY 2025) | -15.0% | Tamil Nadu, India | |||
| Speed Business Private Limitedthis company | ₹48.47 Lakh (FY 2023) | ₹7.75 Lakh | 16% | -18.0% | Kolkata, West Bengal, India | |
| Rajvi Capital Services Private Limited | ₹48.44 Lakh (FY 2025) | 7.0% | Patna, Bihar, India | |||
| Travol Tie-Up Private Limited | ₹48.44 Lakh (FY 2025) | 8.0% | Howrah, West Bengal, India |
To see the full peer comparison of Speed Business Private Limited, buy the company report.
Auditor
Speed Business Private Limited is audited by LAHOTI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LAHOTI & CO | FY 2019 | 306045E |
Shareholding
The shareholding of Speed Business Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Speed Business Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Apr 2005 | 80033367 | Industind Bank Ltd | ₹48 Lakh | Open | |
| 29 Apr 2005 | 90246604 | Indusind Bank Ltd | ₹60 Lakh | Open |
To see the full charge records of Speed Business Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Speed Business Private Limited has 3 court cases on record: 3 filed by Speed Business. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Kolkata | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| High Court, West Bengal | Writ petition | Filed by the company against Union of India and Ors | Disposed |
| High Court | Writ petition | Filed by the company against Union of India | Disposed |
To see the full case history of Speed Business Private 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 Speed Business Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Speed Business 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 Speed Business Private Limited, buy the company report.
Recent activity
Speed Business Private Limited has 4 board changes on record since 2014: 2 appointments and 2 cessations. The latest: Asha Newatia was appointed as Director on 20 Aug 2019.
Frequently asked questions
Speed Business 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.
Speed Business was a private limited company based in Kolkata, West Bengal, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 12 September 2000 and is registered under CIN U51909WB2000PTC092400. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Speed Business was incorporated on 12 September 2000. It is registered with the Registrar of Companies, Kolkata.
Speed Business had 2 directors:
- Ravi Kumar Newatia - Director
- Asha Newatia - Director
The CIN (Corporate Identification Number) of Speed Business is U51909WB2000PTC092400. 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 Speed Business is at 53A Mirza Gohalib Street Floor4Th Floor 2 Park Street., Kolkata, West Bengal, India – 700016.
The latest financial statements of Speed Business on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Speed Business has 2 GST registrations on record and all of them are cancelled or inactive.
Speed Business operated in the financial services industry, in the diversified financial services segment.
The peers of Speed Business by revenue are Subramanian Investments Private Limited, Rajvi Capital Services Private Limited, Travol Tie-Up Private Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Speed Business has 3 court cases on record: 3 filed by the company. Most are in the high courts.