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Sandeep Jindal to join as Director, bringing NBFC, capital markets expertise to the service sector firm
07-Aug-2026, 07:55
The service sector company, established in November 1993, is poised for growth following recent profitability achieved in the quarters ended March 31, 2026, and June 30, 2026, despite a loss of INR 644.10 lakhs in fiscal year 2025-26. The company plans to appoint Sandeep Jindal, a 54-year-old Chartered Accountant with extensive experience in NBFCs and capital markets, as a Director, effective September 1, 2026, with an annual remuneration of INR 1,10,00,000. Jindal currently holds 23,00,000 convertible warrants and serves as a director for several other entities. As of the post-investment period, promoters hold 30.07% of the 7,29,37,914 total shares, while the Indian public holds a significant 53.66%. The company attributes its past losses to investments in technology and customer acquisition, anticipating increased revenue and profits over the next 3-4 years.
The service sector company, established in November 1993, is poised for growth following recent profitability achieved in the quarters ended March 31, 2026, and June 30, 2026, despite a loss of INR 644.10 lakhs in fiscal year 2025-26. The company plans to appoint Sandeep Jindal, a 54-year-old Chartered Accountant with extensive experience in NBFCs and capital markets, as a Director, effective September 1, 2026, with an annual remuneration of INR 1,10,00,000. Jindal currently holds 23,00,000 convertible warrants and serves as a director for several other entities. As of the post-investment period, promoters hold 30.07% of the 7,29,37,914 total shares, while the Indian public holds a significant 53.66%. The company attributes its past losses to investments in technology and customer acquisition, anticipating increased revenue and profits over the next 3-4 years.