About Vardhan Finvest Limited
Data last updated:
Vardhan Finvest Limited was a public 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 non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 20 March 2006.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U74140WB2006PLC108600.
The company had an authorised share capital of ₹2.2 Cr and a paid-up capital of ₹71.54 Lakh. It was formerly known as Vardhan Consultancy Services Limited. It was led by directors including Saumya Vardhan Kanoria and Gautam Jamer.
Its last annual general meeting (AGM) was held on 02 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Kci Plaza 7th Floor 23C Ashutosh Chowdhury Avenue, Kolkata, West Bengal, India – 700019.
As per the financials filed for FY 2021, the company reported a revenue of ₹23.98 Lakh, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹12.48 Cr and EBITDA of ₹34.08 Cr. Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 7% over five years.
Court records list 2 cases involving the company, including 2 filed by the company.
The last known website on record is kirtivardhan.com.
Company details
Contact details
Vardhan Finvest Limited's registered office is in Kolkata, West Bengal. Its website is kirtivardhan.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressKci Plaza 7th Floor 23C Ashutosh Chowdhury Avenue, Kolkata, West Bengal, India – 700019
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Vardhan Finvest 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
Financials of Vardhan Finvest Limited
FY 2021 filings availableVardhan Finvest Limited reported revenue of ₹23.98 Lakh (down 22% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 28% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹23.98 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹34.08 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.48 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Vardhan Finvest Limited, buy the company report.
Board of directors of Vardhan Finvest Limited
Vardhan Finvest has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saumya Vardhan Kanoria Also directs: R.V. Investment and Dealers Ltd, Kanoria Chemicals & Industries Ltd, Fytomax Nutrition Private Limited and 3 more | Director | 29 Jun 2013 | 13 Years 4 Months | As last reported |
| Gautam Jamer Also directs: Sid Weaving Elegance (OPC) Private Limited | Director | 24 Dec 2007 | 18 Years 10 Months | As last reported |
| Narendra Kumar Sethia Also directs: R.V. Investment and Dealers Ltd, Belvedere Gardens Limited | Director | 20 Mar 2006 | 20 Years 7 Months | As last reported |
| Nirmal Kumar Nolkha Also directs: Vardhan Ltd., Apag Elektronik Private Limited | Director | 01 Feb 2012 | 14 Years 9 Months | As last reported |
Peer comparison
Vardhan Finvest Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (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 |
|---|---|---|---|---|---|---|
| Aradhya Tie-Up Pvt Ltd | ₹397.36 Cr (FY 2025) | 11.0% | Kolkata, West Bengal, India | |||
| Sapphire Intrex Limited | ₹396.08 Cr (FY 2022) | 107.0% | Kolkata, West Bengal, India | |||
| Stci Finance Limited | ₹394.47 Cr (FY 2019) | -51.0% | Lower Parel West Mumbai, Maharashtra, India | |||
| Hathway Investments Private Limited | ₹391.79 Cr (FY 2019) | 40.0% | Mumbai, Maharashtra, India | |||
| Goodworth Investments Pvt Ltd | ₹390.98 Cr (FY 2025) | -23.0% | Kolkata, West Bengal, India | |||
| Ratnabali Equity Private Limited | ₹389.35 Cr (FY 2025) | -10.0% | Kolkata, West Bengal, India | |||
| Skyline Tracom Private Limited | ₹387.67 Cr (FY 2021) | 24.0% | Kolkata, West Bengal, India | |||
| Capfloat Financial Services Private Limited | ₹383.94 Cr (FY 2024) | 75.0% | Bangalore, Karnataka, India | |||
| LRSD Securities Private Limited | ₹374.7 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Dhani Loans and Services Limited | ₹372.43 Cr (FY 2024) | -30.0% | New Delhi, Delhi, India | |||
| Vardhan Finvest Limitedthis company | ₹23.98 Lakh (FY 2021) | ₹12.48 Cr | -22.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Vardhan Finvest Limited, buy the company report.
Auditor
Vardhan Finvest Limited is audited by K K JAIN & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K K JAIN & CO | FY 2021 | 302022E |
Shareholding
The shareholding of Vardhan Finvest Limited is on record for 5 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 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vardhan Finvest Limited, buy the company report.
Legal cases
Vardhan Finvest Limited has 2 court cases on record: 2 filed by Vardhan Finvest. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Kolkata | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Kolkata | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Vardhan Finvest 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 Vardhan Finvest 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 Vardhan Finvest Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vardhan Finvest Limited has 10 board changes on record since 2006: 4 appointments and 6 cessations. The latest: Saumya Vardhan Kanoria ceased to be Additional Director on 27 Sep 2013.
1 earlier event is in the company report.
Frequently asked questions
Vardhan Finvest 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.
Vardhan Finvest was a public limited company based in Kolkata, West Bengal, India. The company worked in nbfc, within the financial services industry. It was incorporated on 20 March 2006 and is registered under CIN U74140WB2006PLC108600. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Vardhan Finvest was incorporated on 20 March 2006. It is registered with the Registrar of Companies, Kolkata.
Vardhan Finvest had 4 directors:
- Saumya Vardhan Kanoria - Director
- Gautam Jamer - Director
- Narendra Kumar Sethia - Director
- Nirmal Kumar Nolkha - Director
The CIN (Corporate Identification Number) of Vardhan Finvest is U74140WB2006PLC108600. 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 Vardhan Finvest is at Kci Plaza 7th Floor 23C Ashutosh Chowdhury Avenue, Kolkata, West Bengal, India – 700019.
Vardhan Finvest can be reached through the website kirtivardhan.com. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of Vardhan Finvest on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 02 September 2021. Year-wise statements from 2015 are in the company report.
Vardhan Finvest operated in the financial services industry, in the nbfc segment.
The peers of Vardhan Finvest by revenue are Aradhya Tie-Up Pvt Ltd, Sapphire Intrex Limited, Stci Finance Limited, Hathway Investments Private Limited, Goodworth Investments Pvt Ltd and 5 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Vardhan Finvest has 2 court cases on record: 2 filed by the company.
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