Promoter holding
64.27%
JF
Jm Financial Limited - Due diligence report
A 360° intelligence report on Jm Financial: trust score, financial health, credit view, compliance, directors, growth and distress signals -…
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Jm Financial — 360° Intelligence Report
Generated from MCA filings & public records66/100
Trust Score
Moderate
Jm Financial is assessed as Moderate with a Trust Score of 66/100. Jm Financial is an active public limited indian non-government company incorporated in 1986, operating in the Financial Services sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.
Report generated on 12 Aug 2026 from the latest processed filings. Jm Financial Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
66/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
32/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 55/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Profitable - internal accruals available.
- Externally credit-rated (AA).
Charges position: 6 open (9.13 cr) · 0 satisfied (-).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Icici Ltd | 1 | 48.0 cr |
| The Industrial Credit & Investment Corpn Of India Ltd | 4 | 48.0 cr |
| Indian Bank | 1 | 48.0 cr |
Compliance Score: 32/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: DSE, SEBI, RBI.
- Litigation present in 3 court forum(s).
- 1 auditor resignation(s) filed - latest: DELOITTE HASKINS & SELLS LLP on 2021-10-28.
- Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
- 4 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| NAVROZ DARIUS UDWADIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ADI RUSI PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRADIP MANILAL KANAKIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUMIT BOSE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NISHIT ASHWIN SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VISHAL NIMESH KAMPANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HARIHARAN RAMAMURTHI AIYAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIMESH NAGINDAS KAMPANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ROSHINI HEMANT BAKSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HEMANT VIJAY PANDYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PALAMADAI SUNDARARAJAN JAYAKUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Nishit Ashwin Shah | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2023 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
6
Group entities
7
Capital events
223 allotment(s) · 23 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Cr Retail Malls (india) Limited | Subsidiary Company | 74.00% |
| Infinite India Investment Management Limited | Subsidiary Company | 74.00% |
| Jm Financial Institutional Securities Limited | Subsidiary Company | 74.00% |
| Jm Financial Commtrade Limited | Subsidiary Company | 74.00% |
| Jm Financial Capital Limited | Subsidiary Company | 74.00% |
| Jm Financial Overseas Holdings Private Limited | Subsidiary Company | 74.00% |
| Jm Financial Securities, Inc | Subsidiary Company | 74.00% |
| Jm Financial Singapore Pte Limited | Subsidiary Company | 74.00% |
| Jm Financial Services Limited | Subsidiary Company | 74.00% |
| Jm Financial Properties And Holdings Limited | Subsidiary Company | 74.00% |
Key managerial personnel: ADI RUSI PATEL (Managing Director) · NISHIT ASHWIN SHAH (CFO) · VISHAL NIMESH KAMPANI (Managing Director) · Nishit Ashwin Shah (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 75
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 40+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (32/100).
6 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 33,436.16.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence55/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment52/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 6 open charge(s) of 9.13 cr already registered.
- Compliance gaps should be priced into terms.
Investor view57/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events12 Aug 2025
Last AGM held
Annual general meeting
12 May 2025
Director appointed
HARIHARAN RAMAMURTHI AIYAR (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
27 Jul 2024
Director appointed
HEMANT VIJAY PANDYA (Company Secretary)
01 Oct 2023
Director appointed
NISHIT ASHWIN SHAH (CFO)
Director appointed
Nishit Ashwin Shah (CFO)
31 Mar 2023
Director ceased
PRASHANT CHOKSI KISHOR
07 Dec 2022
Securities allotted
735 Equity Shares - 95,271.00 raised
Securities allotted
346 Equity Shares - 30,150.00 raised
Securities allotted
346 Equity Shares - 29,919.00 raised
Securities allotted
1557 Equity Shares - 1.34 Lakh raised
Securities allotted
735 Equity Shares - 96,182.00 raised
Securities allotted
2671 Equity Shares - 2.07 Lakh raised
04 Oct 2022
Securities allotted
858 Equity Shares - 1.12 Lakh raised
Securities allotted
324 Equity Shares - 33,852.00 raised
10
Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
12 active director(s) / partner(s); board looks stable and experienced.
4 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AA from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 223 security allotment(s) - amounts available in the full report.
1 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Smiti Holding And Trading Company Private Limited | U65191MH2012PTC230704 | Mumbai, Maharashtra, India |
| Khorakiwala Holdings And Investments Private Limited | U67120MH1981PTC023803 | Mumbai, Maharashtra, India |
| Stci Finance | U51900MH1994PLC078303 | Lower Parel West Mumbai, Maharashtra, India |
| Panatone Finvest | U67120MH1992PLC066160 | Mumbai, Maharashtra, India |
| National Stock Exchange | U65999MH2013PLC240078 | Mumbai, Maharashtra, India |
| Aadifidelis Solutions Private Limited | U74999PN2018PTC175068 | Pune City, Maharashtra, India |
| Gmr | U65999HR1992PLC101718 | Dlf Qe, Haryana, India |
| Edelweiss | L99999MH1995PLC094641 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Jm Financial before audits and certifications: compliance score 32/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Jm Financial: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for Jm Financial - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 66/100, distress signals and MSME payment-delay disclosures - know whether Jm Financial pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Jm Financial - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Jm Financial an active company?
Jm Financial has MCA status “Active” with a compliance score of 32/100 (Caution Indicated).
Is Jm Financial financially healthy?
Jm Financial has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.
Should I do business with Jm Financial?
Its overall Trust Score is 66/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Jm Financial?
Promoters hold a majority stake - exact percentages are in the full report. 12 active director(s) are on record.
Does Jm Financial have loans or charges against its assets?
6 open charge(s) are registered against its assets.
Is Jm Financial up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 32/100 (Caution Indicated).
Is it risky to lend to Jm Financial?
Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
