Titec Finance Private Limited
About Titec Finance Private Limited
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Titec Finance Private Limited is a private limited company based in Kolkata, West Bengal, India, a subsidiary of Aas Commercial Private Limited. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 06 March 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U65993WB2007PTC113947.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.63 Cr. It was formerly known as Titec Finance Limited. It is led by directors including Annie Jose and Radhika Mehul Gandhi.
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 51A Sarat Bose Road Ground Floor, Kolkata, West Bengal, India – 700025.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.51 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹9.09 Lakh (net margin 0.6%) and EBITDA of ₹10.16 Lakh (EBITDA margin 0.7%). Revenue has grown at a compounded annual rate (CAGR) of 105% over three years and 69% over five years.
Court records list 33 cases involving the company, including 17 filed by the company and 16 filed against it; 13 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Titec Finance has one previous CIN (Corporate Identification Number): U65993WB2007PLC113947. The current CIN is U65993WB2007PTC113947, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65993WB2007PTC113947 | Current |
| U65993WB2007PLC113947 | Previous |
Contact details
Titec Finance 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 Address51A Sarat Bose Road Ground Floor, Kolkata, West Bengal, India – 700025
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Titec Finance 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 Titec Finance 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 Titec Finance Private Limited, buy the company report.
Financials of Titec Finance Private Limited
FY 2025 filings availableTitec Finance Private Limited reported revenue of ₹15.51 Cr (up 250% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 69% over five years, including 250% growth in the latest year. EBITDA rose 155% 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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| Total Expenses | |||||
| EBITDA | ₹10.16 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.09 Lakh | ||||
| Balance Sheet | |||||
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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 | 0.7% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Titec Finance Private Limited, buy the company report.
Board of directors of Titec Finance Private Limited
Titec Finance has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Annie Jose | Director | 06 Mar 2007 | 19 Years 8 Months | Current |
| Radhika Mehul Gandhi Also directs: Veerya Attachments Private Limited, Naman Vintrade Private Limited, Shivkripa Shoppers Private Limited and 1 more | Director | 26 Aug 2025 | 1 Years 2 Months | Current |
| Mehul Indrakumar Gandhi | Director | 26 Aug 2025 | 1 Years 2 Months | Current |
| Sonal Mehul Gandhi Also directs: Ermotec International Private Limited, Verga Attachments Private Limited, Veerya Attachments Private Limited and 2 more | Director | 20 Sep 2024 | 2 Years 1 Months | Current |
Peer comparison
Titec Finance Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small 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 |
|---|---|---|---|---|---|---|
| Andhra Pradesh Industrial Development Corporation Limited | ₹15.6 Cr (FY 2019) | 18.0% | Hyderabad, Telangana, India | |||
| Sweety Holdings Pvt Ltd | ₹15.58 Cr (FY 2024) | 65.0% | Kolkata, West Bengal, India | |||
| Titec Finance Private Limitedthis company | ₹15.51 Cr (FY 2024) | ₹9.09 Lakh | 0.6% | 250.0% | Kolkata, West Bengal, India | |
| Janus Consolidated Finance Private Limited | ₹15.44 Cr (FY 2024) | 88.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Titec Finance Private Limited, buy the company report.
Auditor
Titec Finance Private Limited is audited by GUJRANI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUJRANI & CO | FY 2021 | 322101E |
Shareholding
The shareholding of Titec Finance Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Titec Finance Private Limited, buy the company report.
Legal cases
Titec Finance Private Limited has 33 court cases on record: 17 filed by Titec Finance, 16 filed against it. 13 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 10 | 8 |
| District courts | 14 | 6 | 5 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Tantia Constructions Limited | Pending |
| High Court, West Bengal | Court case (CRR) | Filed by the company against Supreme Wood Products Pvt Ltd and Others | Disposed |
| District court, Calcutta, West Bengal | Revision petition | Filed against the company by Supreme Wood Products Pvt. Ltd. | Disposed |
| Calcutta High Court | Court case (CRR) | Filed by the company against Supreme Wood Products Pvt. Ltd. | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Supreme Wood Products Pvt. Ltd. 2 Others | Disposed |
To see the full case history of Titec Finance 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 Titec Finance Private 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 Titec Finance Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Titec Finance Private Limited has 14 board changes on record since 2007: 9 appointments and 5 cessations. The latest: Mehul Indrakumar Gandhi was appointed as Director on 26 Aug 2025.
5 earlier events are in the company report.
Frequently asked questions
Titec Finance is an active private limited company based in Kolkata, West Bengal, India. The company works in nbfc, within the financial services industry. It was incorporated on 06 March 2007 (19+ years old) and is registered under CIN U65993WB2007PTC113947.
Titec Finance has 4 current directors:
- Annie Jose - Director
- Radhika Mehul Gandhi - Director
- Mehul Indrakumar Gandhi - Director
- Sonal Mehul Gandhi - Director
The latest financial statements of Titec 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 Titec Finance is U65993WB2007PTC113947. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Titec Finance has 33 court cases on record: 17 filed by the company and 16 filed against it. 13 are pending. Most are in the high courts.
Titec Finance was incorporated on 06 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Titec Finance by revenue are Andhra Pradesh Industrial Development Corporation Limited, Sweety Holdings Pvt Ltd, Janus Consolidated Finance Private Limited, all in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Mehul Indrakumar Gandhi was appointed as Director on 26 Aug 2025. Radhika Mehul Gandhi was appointed as Director on 26 Aug 2025. Sanjeev Bhojnagarwala ceased to be Director on 25 Aug 2025. Titec Finance has 14 board changes on record in total.
The registered office of Titec Finance is at 51A Sarat Bose Road Ground Floor, Kolkata, West Bengal, India – 700025.
Titec Finance operates in the financial services industry, in the nbfc segment.
The compliance status of Titec Finance is compliant as of 18 July 2026. The company is actively filing with the Registrar of Companies.
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