About Kifs Finstock Limited
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Kifs Finstock Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Skyblue Buildwell Private Limited. It operates in the broadcasting and programming activities segment of the broadcasting and media sector. It was incorporated on 13 June 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24209MH2006PLC281105. Its GSTIN is 06AACCT4674N1ZU (Haryana). The company holds 10 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹28.71 Cr and a paid-up capital of ₹2.71 Cr. It was formerly known as Tv18 Home Shopping Network Limited and Home Shop Network Limited. It is led by directors including Aishwarya Himanshu Parekh and Rajesh Gopaldas Parekh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Wing Lotus Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,742.9 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹116.1 Cr (net margin 2.4%) and EBITDA of ₹202.33 Cr (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 230% over five years.
The company has about 91 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: HomeShop18. As per MCA filings, the company has open charges of ₹283.66 Cr and satisfied charges of ₹200 Cr on record. Court records list 25 cases involving the company, including 10 filed by the company and 15 filed against it; 4 cases are pending. The company has 15 deals on record (12 funding rounds, 3 secondary share transfers), with disclosed funding of ₹1,094.64 Cr; the latest was in February 2018. Its 6 peer companies in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 3 larger and 3 smaller; the largest is Khandwala Finstock Pvt Ltd with revenue of ₹6,073.66 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website homeshop18.com.
Company details
Name history
Kifs Finstock has undergone 4 name changes throughout its history. The current legal name is Kifs Finstock Limited.
| Company Name | Status |
|---|---|
| Kifs Finstock Limited | Current |
| Tv18 Home Shopping Network Limited | Previous |
| Home Shop Network Limited | Previous |
| Tv18 Home Shopping Network Private Limited | Previous |
CIN history
Kifs Finstock has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U24209MH2006PLC281105, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24209MH2006PLC281105 | Current |
| U93091DL2006PLC149705 | Previous |
| U93091MH2006PLC281105 | Previous |
Contact details
Kifs Finstock Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressOffice No. 901 C – Wing Lotus Corporate Park Graham Firth Steel Compound, Western Express Highway, Mumbai, Maharashtra, India – 400063
- IndustryBroadcasting, Broadcasting And Programming Activities
- 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
Kifs Finstock operates one associated brand: HomeShop18. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online and television-based retail marketing and distribution are operated. | homeshop18.com |
Business activity
The main business activity of Kifs Finstock is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Kifs Finstock Limited, buy the company report.
Financials of Kifs Finstock Limited
FY 2024 filings availableKifs Finstock Limited reported revenue of ₹4,742.9 Cr (down 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 230%. EBITDA fell 66% 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 |
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| EBITDA | ₹202.33 Cr | ||||
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| Net Profit (PAT) | ₹116.1 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.3% | ||||
| Net Profit Margin | 2.4% | ||||
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To see the full financial statements and ratios of Kifs Finstock Limited, buy the company report.
Board of directors of Kifs Finstock Limited
Kifs Finstock has 4 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aishwarya Himanshu Parekh Also directs: Kifs Finstock Limited | Director | 07 Aug 2024 | 2 Years 2 Months | Current |
| Rajesh Gopaldas Parekh Also directs: Kifs Finstock Limited, Kifs Financial Services Limited, Citco Fund Services (India) Ifsc LLP and 2 more | Director | 07 Aug 2024 | 2 Years 2 Months | Current |
| Amit Bansiprasad Modi | Director | 05 Dec 2023 | 2 Years 10 Months | Current |
| Vimal Parmanand Khandwala Also directs: Kifs Finstock Limited, Kifs Bullion Private Limited, Anantadrishti Pedestal Private Limited and 5 more | Director | 05 Dec 2023 | 2 Years 10 Months | Current |
Peer comparison
Kifs Finstock Limited is compared with the 6 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Khandwala Finstock Pvt Ltd | ₹6,073.66 Cr (FY 2023) | -43.0% | Ahmedabad, Gujarat, India | |||
| Jyotirmay Jewels Private Limited | ₹5,393.87 Cr (FY 2025) | 1.0% | Ahmedabad, Gujarat, India | |||
| Dwarika Jewellers Private Limited | ₹5,341.27 Cr (FY 2025) | 315.0% | Shahibaugh, Gujarat, India | |||
| Kifs Finstock Limitedthis company | ₹4,742.9 Cr (FY 2025) | ₹116.1 Cr | 2.4% | -24.0% | Mumbai, Maharashtra, India | |
| Saravana Stores Elite Private Limited | ₹4,362.91 Cr (FY 2024) | 18.0% | Chennai, Tamil Nadu, India | |||
| P. C. Chandra Holdings Private Limited | ₹4,217.01 Cr (FY 2025) | 27.0% | Kolkata, West Bengal, India | |||
| Pritam Bullion Private Limited | ₹4,086.35 Cr (FY 2025) | 39.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Kifs Finstock Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 May 2024 | 100933265 | Others | ₹95 Cr | Open | |
| 18 Apr 2024 | 100917054 | Others | ₹140 Cr | Open | |
| 13 Aug 2021 | 100467374 | Others | ₹17 Lakh | Open | |
| 21 Aug 2018 | 100200700 | Others | ₹25 Cr | Open | |
| 09 Jun 2015 | 10578461 | Indusind Bank Ltd. | ₹13.5 Cr | Open |
To see the full charge records of Kifs Finstock Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Kifs Finstock Limited has 15 deals on record (12 funding rounds, 3 secondary share transfers), with disclosed funding of ₹1,094.64 Cr; the latest was in February 2018.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2018 | Funding round | ₹311.67 Cr | Investors: CJO Shopping Company Limited, Providence Equity Partners |
| Feb 2018 | Funding round | ₹32.5 Cr | Investors: Network18 Media & Investments Limited , Nw 18 Hsn Holdings Plc |
| Aug 2016 | Funding round | ₹238.99 Cr | Investors: Network18 Media & Investments Limited , Nw 18 Hsn Holdings Plc |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: Nw 18 Hsn Holdings Plc, 3 individuals Seller: Tv18 Hsn Holdings Ltd, 3 individuals |
| Dec 2013 | Funding round | ₹249.39 Cr | Investors: Network18 Media & Investments Limited |
To see the full deal history of Kifs Finstock Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kifs Finstock Limited has 25 court cases on record: 10 filed by Kifs Finstock, 15 filed against it. 4 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 3 | 0 |
| District courts | 8 | 7 | 2 |
| NCLT | 5 | 5 | 2 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed against the company by HP India Sales Pvt Ltd | Pending |
| High Court of Gujarat | Court case (MCA) | Filed by the company against Survival Technologies Pvt Ltd. Through Mr. Anand Prakash Singh, and 3 others | Disposed |
| High Court of Gujarat | Appeal | Filed by the company against Survival Technologies Pvt Ltd. Through Mr. Anand Prakash Singh, and 3 others | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by Shadowfax Technologies Private Limited | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Arbitration matter | Filed against the company by Transorg Solutions and Services Pvt Ltd. | Disposed |
To see the full case history of Kifs Finstock 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 Kifs Finstock Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Kifs Finstock has 10 GST registrations: 8 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AACCT4674N1ZU | Haryana | Active | 01 Jul 2017 |
| 34AACCT4674N1C6 | Puducherry | Active | 11 Oct 2018 |
| 05AACCT4674N1C7 | Uttarakhand | Active | 13 Oct 2018 |
| 08AACCT4674N1C1 | Rajasthan | Active | 13 Oct 2018 |
To see the full GST registrations and return filing status of Kifs Finstock Limited, buy the company report.
Recent activity
Kifs Finstock Limited has 36 board changes on record since 2009: 4 appointments and 32 cessations. The latest: Chimanlal Jaigopal Shah ceased to be Director on 26 May 2025.
41 earlier events are in the company report.
News
Frequently asked questions
Kifs Finstock is an active public limited company based in Mumbai, Maharashtra, India. The company works in broadcasting and programming activities, within the broadcasting industry. It was incorporated on 13 June 2006 (20+ years old) and is registered under CIN U24209MH2006PLC281105.
Kifs Finstock has 4 current directors:
- Aishwarya Himanshu Parekh - Director
- Rajesh Gopaldas Parekh - Director
- Amit Bansiprasad Modi - Director
- Vimal Parmanand Khandwala - Director
The latest financial statements of Kifs Finstock on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Kifs Finstock is 06AACCT4674N1ZU, registered in Haryana. The company has 10 GST registrations in all, of which 8 are active and 2 are cancelled or inactive. Other active GSTINs include 34AACCT4674N1C6 (Puducherry), 05AACCT4674N1C7 (Uttarakhand), 08AACCT4674N1C1 (Rajasthan).
The CIN (Corporate Identification Number) of Kifs Finstock is U24209MH2006PLC281105. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kifs Finstock has 25 court cases on record: 10 filed by the company and 15 filed against it. 4 are pending. Most are in the high courts.
Kifs Finstock was incorporated on 13 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Kifs Finstock has 15 deals on record (12 funding rounds, 3 secondary share transfers), with disclosed funding of ₹1,094.64 Cr; the latest was in February 2018.
The peers of Kifs Finstock by revenue are Khandwala Finstock Pvt Ltd, Jyotirmay Jewels Private Limited, Dwarika Jewellers Private Limited, Saravana Stores Elite Private Limited, P. C. Chandra Holdings Private Limited and 1 more, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading).
Chimanlal Jaigopal Shah ceased to be Director on 26 May 2025. Aishwarya Himanshu Parekh ceased to be Additional Director on 29 Sep 2024. Rajesh Gopaldas Parekh ceased to be Additional Director on 29 Sep 2024. Kifs Finstock has 36 board changes on record in total.
Kifs Finstock can be reached through the website homeshop18.com. Its registered office is in Mumbai, Maharashtra, India.
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