Virtuous Finance Private Limited - Company Profile

It is a financial services private limited company based in Mumbai, Maharashtra, India, established in 1989.
1989 Mumbai, Maharashtra, India Amalgamated
Last Updated:
Access Report
About Virtuous Finance Private Limited

Virtuous Finance Private Limited, a amalgamated private limited company, was established on 28 September 1989 in Mumbai, Maharashtra, India. Engaging in investment banking & advisory within the financial and insurance service sector, it holds CIN: U65990MH1989PTC053686. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹1.00 Cr and a paid-up capital of ₹9.90 M.

Its leadership includes Ashok Indulal Bhuta (Director), Dineshkumar Ramniklal Desai (Director), Mangesh Ramakant Tahmane (Director). Past directors included Azadar Husain Asghar Mehdi Khan, Mangesh Ramakant Tahmane. It holds no open charges and ₹1,573.76 Cr settled loans. Its latest AGM occurred on 29 September 2017, with the balance sheet filed on 31 March 2017. It is based at 4Th Floor, The Eagle'S Flight, Suren Road, Off Andheri-Kurla Rd Andheri (East),, Mumbai, Maharashtra, 400093.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U65990MH1989PTC053686

  • Registration Number

    053686

  • Incorporation Date

    28 September 1989

  • Authorized Capital

    ₹1.00 Cr

  • Paid-Up Capital

    ₹9.90 M

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Amalgamated

Key Metrics
  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 9.90 M
  • Company Age 36 Year, 5 Months
  • Last Filing with ROC 31 Mar 2017
  • Satisfied Charges ₹ 1,573.76 Cr
  • Revenue Growth **** 7.89%
  • Profit Growth **** -101.22%
  • Ebitda **** 6.84%
  • Net Worth -2.66%
  • Total Assets -2.67%
Company report

Virtuous Finance Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Virtuous Finance Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report
Who are the key members and board of directors at Virtuous Finance Private Limited?
Current Directors
Name Designation Appointment Date Status
Ashok Indulal Bhuta Director 28 Feb 2005 Current
Dineshkumar Ramniklal Desai Director 10 Mar 1998 Current
Mangesh Ramakant Tahmane Director 27 May 2016 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 13 Jun 2016 Past
Pramod Abcsdd Additional Director 26 Sep 2016 Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Virtuous Finance.

Virtuous Finance Private Limited, for the financial year ended 2017, experienced modest growth in revenue, with a 7.89% increase. The company also saw a substantial fall in profitability, with a 101.22% decrease in profit. The company's net worth dipped by a decrease of 2.66%.

Virtuous Finance revenue growth over time
Virtuous Finance profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 7.89%
*******
*******
*******
*******
Revenue from Operations
*******
 7.89%
*******
*******
*******
*******
Total Assets
*******
 -2.67%
*******
*******
*******
*******
Profit or Loss
*******
 -101.22%
*******
*******
*******
*******
Net Worth
*******
 -2.66%
*******
*******
*******
*******
EBITDA
*******
 6.84%
*******
*******
*******
*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Virtuous Finance?

In 2017, Virtuous Finance had a public holding of 100.00%. The company had 4 Subsidiaries and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

Reveal ownership structures and financial performance - Get instant access now!

Charges (Loans)
Open Charges

₹0

Satisfied Charges

₹15,737,588,604.00

Charges Breakdown by Lending Institutions
  • State Bank Of India : 1198.00 Cr
  • Indusind Bank Ltd. : 375.76 Cr
Latest Charge Details
Date Lender Amount Status
10 Aug 2016 State Bank Of India ₹1,150.00 Cr Satisfied
30 Apr 2015 State Bank Of India ₹31.00 Cr Satisfied
29 Apr 2015 State Bank Of India ₹17.00 Cr Satisfied
26 Mar 2015 Indusind Bank Ltd. ₹17.00 Cr Satisfied
18 Feb 2015 Indusind Bank Ltd. ₹358.76 Cr Satisfied

Explore comprehensive loan charge details -

How Many Employees Work at Virtuous Finance?

Unlock and access historical data on people associated with Virtuous Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Virtuous Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Virtuous Finance's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Virtuous Finance
Recent Activity within the Organization
  • Charges

    Progress on A charge registered on 10 Aug 2016 via Charge ID 100047545 with State Bank Of India was fully satisfied on 23 Nov 2017. was documented.

  • Annual General Meeting

    The activity Virtuous Finance Private Limited last Annual general meeting of members was held on 29 Sep 2017 as per latest MCA records. was completed.

  • Balance Sheet

    The activity Virtuous Finance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Mumbai. was completed.

  • Charges

    Progress on A charge with State Bank Of India amounted to Rs. 1,150.00 Cr with Charge ID 100047545 was registered on 10 Aug 2016. was documented.

  • Charges

    A charge registered on 18 Feb 2015 via Charge ID 10555486 with Indusind Bank Ltd. was fully satisfied on 04 Aug 2016. was recorded as a recent event.

  • Director Appointment

    The activity Mangesh Ramakant Tahmane was appointed as a Director was appointed as a Director on 27 May 2016 & has been associated with this company since 9 years 9 months . was completed.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Virtuous Finance Private Limited?

The CIN of Virtuous Finance Private Limited is U65990MH1989PTC053686.

Where is Virtuous Finance Private Limited headquartered?

Virtuous Finance Private Limited is headquartered at 4Th Floor, The Eagle'S Flight, Suren Road, Off Andheri-Kurla Rd Andheri (East),, Mumbai, Maharashtra, 400093.

When was Virtuous Finance Private Limited incorporated?

Virtuous Finance Private Limited was incorporated on 28 September 1989.

Who are the current directors of Virtuous Finance Private Limited?

The current directors of Virtuous Finance Private Limited are

What is the primary industry of Virtuous Finance Private Limited?

The primary industry of Virtuous Finance Private Limited is Financial And Insurance Service.

Is Virtuous Finance Private Limited a listed company?

Virtuous Finance Private Limited is unlisted.

What is the capital structure of Virtuous Finance Private Limited?

The authorized capital of Virtuous Finance Private Limited is ₹1.00 Cr, and the paid-up capital is ₹9.90 M.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available