About Nixa Fincap Private Limited
Data last updated:
Nixa Fincap Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Xander Capital Management Pte Ltd. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 10 January 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65921MH1997PTC258670. Its GSTIN is 27AAACC9304N1ZG (Maharashtra). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹148.1 Cr and a paid-up capital of ₹96.55 Cr. It was formerly known as Chattisgarh Finlease Private Limited. It is led by directors including Rohan Sikri and Rajesh Jogi Kumar.
Its last annual general meeting (AGM) was held on 26 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹45.91 Cr, a decline of 53% compared to the previous year. For the same year it recorded a net profit of ₹67.17 Cr (net margin 146.3%) and EBITDA of ₹11.77 Cr (EBITDA margin 25.6%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years and 26% over five years.
The company has about 7 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Xander Finance. As per MCA filings, the company has satisfied charges of ₹1,550 Cr on record. Court records list 30 cases involving the company, including 9 filed by the company and 21 filed against it; 16 cases are pending. The company has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹258.97 Cr; the latest was in May 2025. Its 5 peer companies in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 3 smaller; the largest is Merit Credit Corporation Limited with revenue of ₹46.5 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 xanderfinance.com.
Company details
Name history
Nixa Fincap has undergone 2 name changes throughout its history. The company was previously known as Chattisgarh Finlease Private Limited, and Nixa Fincap Private Limited. The current legal name is Nixa Fincap Private Limited.
| Company Name | Status |
|---|---|
| Nixa Fincap Private Limited | Current |
| Chattisgarh Finlease Private Limited | Previous |
CIN history
Nixa Fincap has one previous CIN (Corporate Identification Number): U65921DL1997PTC084402. The current CIN is U65921MH1997PTC258670, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921MH1997PTC258670 | Current |
| U65921DL1997PTC084402 | Previous |
Contact details
Nixa Fincap Private Limited's registered office is in Mumbai, Maharashtra. Its website is xanderfinance.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressOne Lodha Place Unit No. 2503, 25th Floor Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Nixa Fincap 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
Brands
Nixa Fincap operates one associated brand: Xander Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers advisory, deal structuring, and financing to investors and developers. | xanderfinance.com |
Business activity
The main business activity of Nixa Fincap 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 Nixa Fincap Private Limited, buy the company report.
Financials of Nixa Fincap Private Limited
FY 2025 filings availableNixa Fincap Private Limited reported revenue of ₹45.91 Cr (down 53% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 26% over five years, including a 53% fall in the latest year. EBITDA fell 73% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹11.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹67.17 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.6% | ||||
| Net Profit Margin | 146.3% | ||||
| 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 Nixa Fincap Private Limited, buy the company report.
Board of directors of Nixa Fincap Private Limited
Nixa Fincap has 3 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Jogi Kumar Also directs: Ujjivan Small Finance Bank Limited, Futura Techpark Private Limited, Tsi Business Parks (Hyderabad) Private Limited and 5 more | Nominee Director | 05 Mar 2021 | 5 Years 8 Months | Current |
| Tariq Maqbool Chinoy Also directs: Xander Advisors India Private Limited., Virtuous Retail Property Services LLP, VR Surat Private Limited and 5 more | Nominee Director | 19 Mar 2021 | 5 Years 7 Months | Current |
| Rohan Sikri | Director | 30 Aug 2010 | 16 Years 2 Months | Current |
Peer comparison
Nixa Fincap Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important 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 |
|---|---|---|---|---|---|---|
| Merit Credit Corporation Limited | ₹46.5 Cr (FY 2019) | 16.0% | Ahmedabad, Gujarat, India | |||
| Cyrus Investments Private Limited | ₹46.39 Cr (FY 2023) | -32.0% | Mumbai, Maharashtra, India | |||
| Nixa Fincap Private Limitedthis company | ₹45.91 Cr (FY 2023) | ₹67.17 Cr | 146.3% | -53.0% | 7 | Mumbai, Maharashtra, India |
| Progressive Star Finance Private Limited | ₹45.8 Cr (FY 2025) | 76.0% | Kolkata, West Bengal, India | |||
| Muthoot Money Limited | ₹45.56 Cr (FY 2022) | -35.0% | Ernakulam, Kerala, India | |||
| Burmans Finvest Private Limited | ₹45.52 Cr (FY 2023) | 9.0% | New Delhi, Delhi, India |
To see the full peer comparison of Nixa Fincap Private Limited, buy the company report.
Auditor
Nixa Fincap Private Limited is audited by RAVI RAJAN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAVI RAJAN & CO | FY 2023 | 009073N |
Shareholding
The shareholding of Nixa Fincap Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nixa Fincap Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Sep 2020 | 100372955 | Others | ₹100 Cr | Satisfied | |
| 04 Sep 2020 | 100373443 | Others | ₹50 Cr | Satisfied | |
| 04 Sep 2020 | 100373446 | Others | ₹50 Cr | Satisfied | |
| 10 Jul 2020 | 100355759 | Others | ₹25 Cr | Satisfied | |
| 04 May 2018 | 100174622 | Others | ₹300 Cr | Satisfied |
To see the full charge records of Nixa Fincap Private Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Nixa Fincap Private Limited has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹258.97 Cr; the latest was in May 2025.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2025 | Secondary share transfer | Undisclosed | Seller: Nixa Management Pte Limited, 3 individuals |
| May 2023 | Secondary share transfer | Undisclosed | Seller: Nixa Management Pte Limited, 3 individuals |
| Apr 2012 | Funding round | ₹203.29 Cr | Investors: Nixa Management Pte Limited, 3 individuals |
| Feb 2012 | Funding round | ₹49.12 Cr | Investors: Nixa Management Pte Limited |
| Aug 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Usha S. Enterprises Private Limited , 2 individuals |
To see the full deal history of Nixa Fincap Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nixa Fincap Private Limited has 30 court cases on record: 9 filed by Nixa Fincap, 21 filed against it. 16 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 20 | 16 | 11 |
| NCLAT | 4 | 3 | 3 |
| District courts | 3 | 1 | 2 |
| NCLT | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by CFM Asset Reconstruction Private Ltd (Acting in the Capacity of Trustee of Cfmarc Trust-1 Xander) | Pending |
| District court, New Delhi, Delhi | Court case (Cr Cases) | Filed by the company against Sneh Sadan Traders and Agents Ltd and Ors | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Skylark Mansions Pvt Ltd and 2 others | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Valdel Engineers and Constructors Private Limited | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by Shree Vardhman Developers Private Limited | Disposed |
To see the full case history of Nixa Fincap 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.
Credit ratings & regulatory alerts
Nixa Fincap Private Limited was last rated by Icra on 02 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 02 Nov 2020 |
To see the full credit ratings and regulatory alerts of Nixa Fincap Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nixa Fincap Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Nixa Fincap has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Balestier Ventures Private Limited | U74110MH2018PTC306531 |
To see the full group structure of Nixa Fincap Private Limited, buy the company report.
Employees & EPFO
Nixa Fincap Private Limited has a workforce of 7 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Nixa Fincap has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC9304N1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nixa Fincap Private Limited, buy the company report.
Recent activity
Nixa Fincap Private Limited has 18 board changes on record since 2010: 4 appointments and 14 cessations. The latest: Dipak Agarwal was appointed as CEO on 01 Aug 2024.
50 earlier events are in the company report.
News
Frequently asked questions
Nixa Fincap is an active private limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 10 January 1997 (29+ years old) and is registered under CIN U65921MH1997PTC258670.
Nixa Fincap has 3 current directors:
- Rajesh Jogi Kumar - Nominee Director
- Tariq Maqbool Chinoy - Nominee Director
- Rohan Sikri - Director
The latest financial statements of Nixa Fincap on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nixa Fincap is 27AAACC9304N1ZG, registered in Maharashtra. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
The CIN (Corporate Identification Number) of Nixa Fincap is U65921MH1997PTC258670. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nixa Fincap has 30 court cases on record: 9 filed by the company and 21 filed against it. 16 are pending. Most are in the high courts.
Nixa Fincap was incorporated on 10 January 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Nixa Fincap has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹258.97 Cr; the latest was in May 2025.
The peers of Nixa Fincap by revenue are Merit Credit Corporation Limited, Cyrus Investments Private Limited, Progressive Star Finance Private Limited, Muthoot Money Limited, Burmans Finvest Private Limited, all in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities).
Dipak Agarwal was appointed as CEO on 01 Aug 2024. Rajesh Jogi Kumar ceased to be Additional Director on 30 Sep 2021. Tariq Maqbool Chinoy ceased to be Additional Director on 30 Sep 2021. Nixa Fincap has 18 board changes on record in total.
Nixa Fincap can be reached through the website xanderfinance.com. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
