About X10 Financial Services Limited
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X10 Financial Services Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of X10 Capital Pte. Ltd.. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 05 August 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1994PLC080143. Its GSTIN is 07AAACA4980C1ZZ (Delhi). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.05 Cr. It was formerly known as Abhishek Securities Limited. It is led by directors including Upendra Mani Tripathi and Sanjeev Kumar Gupta.
Its last annual general meeting (AGM) was held on 17 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Shop No. 42 Ground Floor City Mall New Link Road Andheri West, Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2022, the company reported a revenue of ₹5.31 Cr, a decline of 92% compared to the previous year. For the same year it recorded a net profit of ₹2.74 Cr (net margin 51.5%) and EBITDA of ₹2.93 Cr (EBITDA margin 55.2%). Revenue has grown at a compounded annual rate (CAGR) of 145% over three years and 4% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: X10FinancialServices. As per MCA filings, the company has open charges of ₹53 Lakh and satisfied charges of ₹27.5 Cr on record. Court records list 32 cases involving the company, including 25 filed by the company and 7 filed against it; 21 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in October 2014. Its 4 peer companies in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 1 smaller; the largest is Loanzen Finance Private Limited with revenue of ₹5.32 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 x10corp.com.
Company details
CIN history
X10 Financial Services has one previous CIN (Corporate Identification Number): L65990MH1994PLC080143. The current CIN is U65990MH1994PLC080143, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65990MH1994PLC080143 | Current |
| L65990MH1994PLC080143 | Previous |
Contact details
X10 Financial Services Limited's registered office is in Mumbai, Maharashtra. Its website is x10corp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressShop No. 42 Ground Floor City Mall New Link Road Andheri West, Mumbai, Maharashtra, India – 400053
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of X10 Financial Services 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
Brands
X10 Financial Services operates one associated brand: X10FinancialServices. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Supply chain focused tech NBFC | x10corp.com |
Business activity
The main business activity of X10 Financial Services 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 X10 Financial Services Limited, buy the company report.
Financials of X10 Financial Services Limited
FY 2022 filings availableX10 Financial Services Limited reported revenue of ₹5.31 Cr (down 92% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 92% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 40% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5.31 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.93 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.74 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 55.2% | ||||
| Net Profit Margin | 51.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 X10 Financial Services Limited, buy the company report.
Board of directors of X10 Financial Services Limited
X10 Financial Services has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Upendra Mani Tripathi | Director | 02 Feb 2022 | 4 Years 8 Months | Current |
| Sanjeev Kumar Gupta Also directs: RNG Propmart LLP, Rim Technologies Private Limited | Director | 14 Dec 2017 | 8 Years 10 Months | Current |
| Vikas Chandra Pathak | Director | 12 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
X10 Financial Services Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Loanzen Finance Private Limited | ₹5.32 Cr (FY 2024) | -46.0% | Bangalore, Karnataka, India | |||
| Apollo Trading and Finance Private Limited | ₹5.32 Cr (FY 2024) | -12.0% | New Delhi, Delhi, India | |||
| Kajal Synthetics and Silk Mills Limited | ₹5.31 Cr (FY 2019) | 9.0% | Mumbai, Maharashtra, India | |||
| X10 Financial Services Limitedthis company | ₹5.31 Cr (FY 2022) | ₹2.74 Cr | 51.5% | -92.0% | 2 | Mumbai, Maharashtra, India |
| Shakti Finance & Investment Private Limited | ₹5.3 Cr (FY 2025) | 3.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of X10 Financial Services Limited, buy the company report.
Auditor
X10 Financial Services Limited is audited by Ashok Amol & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashok Amol & Associates | FY 2022 | 0015102N |
Shareholding
The shareholding of X10 Financial Services Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of X10 Financial Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Mar 2022 | 100555928 | Others | ₹53 Lakh | Open | |
| 16 Feb 2017 | 100086988 | Others | ₹5 Cr | Satisfied | |
| 24 Jan 2017 | 100087910 | Others | ₹5 Cr | Satisfied | |
| 30 Nov 2016 | 100073046 | Others | ₹2.5 Cr | Satisfied | |
| 24 Oct 2016 | 100061181 | Others | ₹5 Cr | Satisfied |
To see the full charge records of X10 Financial Services Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
X10 Financial Services Limited has 1 deal on record (1 acquisition); the latest was in October 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2014 | Acquisition | Undisclosed | Buyer: Inflexionpoint Technologies Pte. Ltd. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
X10 Financial Services Limited has 32 court cases on record: 25 filed by X10 Financial Services, 7 filed against it. 21 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 29 | 5 | 21 |
| High courts | 3 | 2 | 0 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Cheque dishonour complaint | Filed by the company against JJ Tradelinks Private Limited and Ors | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Mas Financial Services Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Assistant/Deputy Registrar of Companies Mumbai | Pending |
| District court, East Khasi Hills, Meghalaya | Court case (Spl (Prevention of Money-Laundering Act)) | Filed against the company by Directorate of Enforcement Govt of India Through Its Assistant Director | Pending |
| District court, South East, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
To see the full case history of X10 Financial Services 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 X10 Financial Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
X10 Financial Services Limited has a workforce of 2 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
X10 Financial Services has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACA4980C1ZZ | Delhi | Active | 27 Nov 2019 |
To see the full GST registrations and return filing status of X10 Financial Services Limited, buy the company report.
Recent activity
X10 Financial Services Limited has 19 board changes on record since 2013: 3 appointments and 16 cessations. The latest: Upendra Mani Tripathi ceased to be Additional Director on 07 Mar 2023.
21 earlier events are in the company report.
Frequently asked questions
X10 Financial Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 05 August 1994 (32+ years old) and is registered under CIN U65990MH1994PLC080143.
X10 Financial Services has 3 current directors:
- Upendra Mani Tripathi - Director
- Sanjeev Kumar Gupta - Director
- Vikas Chandra Pathak - Director
The latest financial statements of X10 Financial Services on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 17 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of X10 Financial Services is 07AAACA4980C1ZZ, registered in Delhi. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of X10 Financial Services is U65990MH1994PLC080143. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
X10 Financial Services has 32 court cases on record: 25 filed by the company and 7 filed against it. 21 are pending. Most are in the district courts.
X10 Financial Services was incorporated on 05 August 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
X10 Financial Services has 1 deal on record (1 acquisition); the latest was in October 2014.
The peers of X10 Financial Services by revenue are Loanzen Finance Private Limited, Apollo Trading and Finance Private Limited, Kajal Synthetics and Silk Mills Limited, Shakti Finance & Investment Private Limited, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Upendra Mani Tripathi ceased to be Additional Director on 07 Mar 2023. Upendra Mani Tripathi was appointed as Director on 02 Feb 2022. Vikas Chandra Pathak ceased to be Additional Director on 30 Sep 2019. X10 Financial Services has 19 board changes on record in total.
X10 Financial Services can be reached through the website x10corp.com. Its registered office is in Mumbai, Maharashtra, India.