India's Richest People 2026 edition · 1 director · Source: Hurun India
- #561 Ashish R. Goenka & family ₹6,000 Cr
Revenue · FY 2025
₹2.02 Lakh
▼ 33% YoY
Net loss · FY 2025
₹82,220
Net margin -40.6%
EBITDA · FY 2025
-₹80,730
EBITDA margin -39.9%
Authorised capital
₹8 Cr
Registered with MCA
Paid-up capital
₹7.75 Cr
Issued & subscribed
Company age
32 yrs
Est. 1994
Directors on board
3
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Suashish Finance Limited
Data last updated:
Suashish Finance Limited is a public limited company based in Borivlai East, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 31 March 1994 and has been in existence for over 32 years.
Its director Ashish R. Goenka and family are #561 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65920MH1994PLC077473.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.75 Cr. It is led by directors including Rajeshkumar Radhakishan Kedia and Vikas Manharlal Mehta.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 5th Floor B Wing Suashish IT Park, Borivlai East, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.02 Lakh, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹82,220 (net margin -40.6%) and EBITDA of -₹80,730 (EBITDA margin -39.9%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 35% over five years.
Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website suashish.com.
Company details
CIN U65920MH1994PLC077473
Registration Number 077473
Incorporation Date 31 March 1994
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Rajeshkumar Radhakishan Kedia Director Vikas Manharlal Mehta Director Ashish Rameshkumar Goenka Director Recognitions & Rankings of Suashish Finance
Contact details
Suashish Finance Limited's registered office is in Borivlai East, Maharashtra. Its website is suashish.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address5th Floor B Wing Suashish IT Park Cts No 68/E, Off Dattapada Road Rajendra Nagar Opp. Tata Steel Co, Borivlai East, Maharashtra, India – 400066
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Suashish Finance Limited, buy the company report.
Comprehensive company report
Suashish Finance Limited - one report that includes everything
- 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
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Financials of Suashish Finance Limited
FY 2025 filings availableSuashish Finance Limited reported revenue of ₹2.02 Lakh (down 33% YoY) for FY 2025.
Revenue · FY 2025
₹2.02 Lakh ▼ 33%
Net loss · FY 2025
₹82,220 margin -40.6%
EBITDA · FY 2025
-₹80,730 margin -39.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 33%
3 years · compounded
▲ 34%
5 years · compounded
▲ 35%
EBITDA CAGR growth
1 year
▼ 137%
3 years · compounded
▼ 173%
5 years · compounded
▼ 26%
Revenue fell 33% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 35%. EBITDA fell 137% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹80,730 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹82,220 | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -39.9% | ||||
| Net Profit Margin | -40.6% | ||||
| 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 Suashish Finance Limited, buy the company report.
Board of directors of Suashish Finance Limited
Suashish Finance has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeshkumar Radhakishan Kedia Also directs: Stallionsig LLP, Suashish Diamonds Limited, Hari Smriti Properties Private Limited and 5 more | Director | 03 Nov 2000 | 26 Years 0 Months | Current |
| Vikas Manharlal Mehta | Director | 31 Jul 2023 | 3 Years 3 Months | Current |
| Ashish Rameshkumar Goenka Also directs: Prime Gems & Jewellery Processor LLP, Stallionsig LLP, Suashish Diamonds Limited and 5 more | Director | 31 Mar 1994 | 32 Years 7 Months | Current |
Peer comparison
Suashish Finance Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Finance, Other Financial Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Standard Financial Advisors Private Limited | ₹2.03 Lakh (FY 2025) | 266.0% | Mumbai, Maharashtra, India | |||
| Sheetal Tieup Private Limited | ₹2.03 Lakh (FY 2025) | -90.0% | Kolkata, West Bengal, India | |||
| A&S Micro Benefit Foundation | ₹2.03 Lakh (FY 2023) | -28.0% | Khagaria, Bihar, India | |||
| Adcredit Finmax Private Limited | ₹2.03 Lakh (FY 2021) | Delhi, India | ||||
| Sethia Finance Private Limited | ₹2.02 Lakh (FY 2025) | 3.0% | Chennai, Tamil Nadu, India | |||
| Suashish Finance Limitedthis company | ₹2.02 Lakh (FY 2025) | -₹82,220 | -40.6% | -33.0% | Borivlai East, Maharashtra, India | |
| DWG Finance Private Limited | ₹2.02 Lakh (FY 2025) | Thane, Maharashtra, India | ||||
| Dasnavis Finance Private Limited | ₹2.02 Lakh (FY 2024) | Tuticorin, Tamil Nadu, India | ||||
| K D Fincap Limited | ₹2.02 Lakh (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| Silverwings Credit and Finance Private Limited | ₹2.02 Lakh (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| Sidham Finance & Investments Private Limited | ₹2.02 Lakh (FY 2018) | 1800.0% | Bandra, Mumbai, Maharashtra, India |
To see the full peer comparison of Suashish Finance Limited, buy the company report.
Auditor
Suashish Finance Limited is audited by PYS & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PYS & CO LLP | FY 2024 | 012388S/S200048 |
Shareholding
The shareholding of Suashish Finance 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 Suashish Finance Limited, buy the company report.
Legal cases
Suashish Finance Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Ashik Woollen Mills Ltd | Disposed |
To see the full case history of Suashish Finance 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 Suashish Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Suashish Finance Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Suashish Finance Limited has 6 board changes on record since 1994: 3 appointments and 3 cessations. The latest: Vikas Manharlal Mehta ceased to be Additional Director on 11 Sep 2023.
AGM
Suashish Finance Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Suashish Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Vikas Manharlal Mehta ceased to be Additional Director.
Ceased
Rajkamal Ramniwas Bajaj ceased to be Director.
Appointed
Vikas Manharlal Mehta was appointed as Director.
Ceased
Rameshkumar Sattyanarayan Goenka ceased to be Director.
Appointed
Rajeshkumar Radhakishan Kedia was appointed as Director.
Appointed
Ashish Rameshkumar Goenka was appointed as Director.
Incorporation
31 Mar 1994
Suashish Finance Limited was registered on 31 Mar 1994 with Roc Mumbai & aged 32 years 7 months as per MCA records.
Frequently asked questions
Suashish Finance is an active public limited company based in Borivlai East, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 31 March 1994 (32+ years old) and is registered under CIN U65920MH1994PLC077473.
Suashish Finance has 3 current directors:
- Rajeshkumar Radhakishan Kedia - Director
- Vikas Manharlal Mehta - Director
- Ashish Rameshkumar Goenka - Director
The latest financial statements of Suashish Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Suashish Finance is U65920MH1994PLC077473. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Suashish Finance has 1 court case on record: 1 filed against it.
Suashish Finance was incorporated on 31 March 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Suashish Finance by revenue are Standard Financial Advisors Private Limited, Sheetal Tieup Private Limited, A&S Micro Benefit Foundation, Adcredit Finmax Private Limited, Sethia Finance Private Limited and 5 more, all in the BFSI industry (Finance, Other Financial Services).
Vikas Manharlal Mehta ceased to be Additional Director on 11 Sep 2023. Rajkamal Ramniwas Bajaj ceased to be Director on 31 Jul 2023. Vikas Manharlal Mehta was appointed as Director on 31 Jul 2023. Suashish Finance has 6 board changes on record in total.
Suashish Finance can be reached through the website suashish.com. Its registered office is in Borivlai East, Maharashtra, India.
The registered office of Suashish Finance is at 5th Floor B Wing Suashish IT Park Cts No 68E, Off Dattapada Road Rajendra Nagar Opp. Tata Steel Co, Borivlai East, Maharashtra, India – 400066.
Suashish Finance operates in the financial services industry, in the diversified financial services segment.
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