White-Elephant Finance Limited - Company Profile

It is a financial services public limited company based in Ahmedabad, Gujarat, India, established in 1995.
1995 Ahmedabad, Gujarat, India Active
Last Updated:
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About White-Elephant Finance Limited

White-Elephant Finance Limited, a active public limited company, was established on 16 March 1995 in Ahmedabad, Gujarat, India. Engaging in investment & credit nbfc within the financial and insurance service sector, it holds CIN: U65910GJ1995PLC025057. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹3.20 Cr and a paid-up capital of ₹3.00 Cr.

Formerly known as Chokshi Finance Limited, Akshar Finance Limited. It upholds a compliant status. Its leadership includes Natwarlal Vachhraj Dholakia (Director), Dipakkumar Natwarlal Dholakiya (Director), Jugalkishor Natwarlal Dholakia (Whole-Time Director). Past directors included Girishkumar Vachhraj Dholakia, Dipakkumar Natwarlal Dholakiya, Manish Rameshbhai Patel. Its latest AGM occurred on 23 July 2025, with the balance sheet filed on 31 March 2025. It is based at B-2, Ashoka Apartment Nr. Orient Club, Ellisbridge, Ahmedabad, Gujarat, 380006.

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

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
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Company Details

  • CIN/LLPIN

    U65910GJ1995PLC025057

  • Registration Number

    025057

  • Incorporation Date

    16 March 1995

  • Authorized Capital

    ₹3.20 Cr

  • Paid-Up Capital

    ₹3.00 Cr

  • ROC Code

    Roc Ahmedabad

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 3.20 Cr
  • Paid Up Capital ₹ 3.00 Cr
  • Company Age 30 Year, 11 Months
  • Last Filing with ROC 31 Mar 2025
  • Revenue Growth **** -8.43%
  • Profit Growth **** 153.68%
  • Ebitda **** -47.33%
  • Net Worth 4.29%
  • Total Assets **** 2.47%
Company report

White-Elephant Finance Limited

Company Report FY 2025-2026

Comprehensive Company Insights

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

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Who are the key members and board of directors at White-Elephant Finance Limited?
Current Directors
Name Designation Appointment Date Status
Natwarlal Vachhraj Dholakia Director 19 Jun 2003 Current
Dipakkumar Natwarlal Dholakiya Director 28 May 2020 Current
Jugalkishor Natwarlal Dholakia Whole-Time Director 19 Jun 2003 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 28 May 2020 Past
Pramod Abcsdd Director 22 May 2017 Past
Pramod Abcsdd Additional Director 20 Sep 2017 Past
Pramod Abcsdd Company Secretary 12 Oct 2017 Past
Pramod Abcsdd Director 09 Dec 2019 Past
Pramod Abcsdd Director 09 Dec 2019 Past

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Financial Performance of White-Elephant Finance.

White-Elephant Finance Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 8.43% decrease. The company also saw a substantial improvement in profitability, with a 153.68% increase in profit. The company's net worth moved up by a moderate rise of 4.29%.

White-Elephant Finance revenue growth over time
White-Elephant 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
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 -8.43%
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Revenue from Operations
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*******
*******
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*******
*******
Total Assets
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 2.47%
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*******
*******
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Profit or Loss
*******
 153.68%
*******
*******
*******
*******
Net Worth
*******
 4.29%
*******
*******
*******
*******
EBITDA
*******
 -47.33%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of White-Elephant Finance?

In 2023, White-Elephant Finance had a promoter holding of 38.13% and a public holding of 61.87%. 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

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How Many Employees Work at White-Elephant Finance?

Unlock and access historical data on people associated with White-Elephant 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 White-Elephant 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 White-Elephant 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
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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.

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Latest Updates, News, and FAQs on White-Elephant Finance
Recent Activity within the Organization
  • Annual General Meeting

    The activity White-Elephant Finance Limited last Annual general meeting of members was held on 23 Jul 2025 as per latest MCA records. was completed.

  • Balance Sheet

    White-Elephant Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was recorded as a recent event.

  • Director Appointment

    Progress on Dipakkumar Natwarlal Dholakiya was appointed as a Director was appointed as a Director on 28 May 2020 & has been associated with this company since 5 years 9 months . was documented.

  • Director Appointment

    Dipakkumar Natwarlal Dholakiya was appointed as a CFO was appointed as a CFO on 22 May 2017 & has been associated with this company since 8 years 9 months . was recorded as a recent event.

  • Director Appointment

    Natwarlal Vachhraj Dholakia was appointed as a Director was appointed as a Director on 19 Jun 2003 & has been associated with this company since 22 years 8 months . was recorded as a recent event.

  • Director Appointment

    The activity Jugalkishor Natwarlal Dholakia was appointed as a Whole-time director was appointed as a Whole-time director on 19 Jun 2003 & has been associated with this company since 22 years 8 months . was completed.

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Frequently Asked Questions
What is the CIN of White-Elephant Finance Limited?

The CIN of White-Elephant Finance Limited is U65910GJ1995PLC025057.

Where is White-Elephant Finance Limited headquartered?

White-Elephant Finance Limited is headquartered at B-2, Ashoka Apartment Nr. Orient Club, Ellisbridge, Ahmedabad, Gujarat, 380006.

When was White-Elephant Finance Limited incorporated?

White-Elephant Finance Limited was incorporated on 16 March 1995.

Who are the current directors of White-Elephant Finance Limited?

The current directors of White-Elephant Finance Limited are

What is the primary industry of White-Elephant Finance Limited?

The primary industry of White-Elephant Finance Limited is Financial And Insurance Service.

Is White-Elephant Finance Limited a listed company?

White-Elephant Finance Limited is unlisted.

What is the capital structure of White-Elephant Finance Limited?

The authorized capital of White-Elephant Finance Limited is ₹3.20 Cr, and the paid-up capital is ₹3.00 Cr.

What is the compliance status of White-Elephant Finance Limited?

The compliance status of White-Elephant Finance Limited is Compliant.

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