Likhami Consulting Limited is an Indian public entity specializing in professional consultancy and financial advisory services. Operating as a standalone entity without subsidiaries, the company functions through a single reportable segment—**Consultancy Services**. Historically rooted in West Bengal, the company has recently undergone a strategic geographic and leadership pivot to align itself with India’s primary financial hubs and the burgeoning digital economy. --- ### **Strategic Relocation and Operational Infrastructure** In a move to optimize administrative efficiency and resource utilization, Likhami Consulting completed a significant interstate relocation in **early 2025**. * **Geographic Shift:** The **Registered Office** was moved from **Kolkata, West Bengal**, to **Mumbai, Maharashtra**. The Board determined that minimal business was being conducted in West Bengal, and the shift to Mumbai—India’s financial capital—is intended to reduce overall expenses and provide better access to the company's target markets. * **Regulatory Transition:** Following the move, the company successfully obtained new **GSTN**, **TAN**, and **Profession Tax** registrations for Maharashtra. * **Stock Exchange Presence:** The company remains dual-listed on **BSE Limited** (Scrip: **539927**) and the **Calcutta Stock Exchange** (Scrip: **029378**). * **Asset Management:** As a service-oriented firm, Likhami maintains a lean physical asset base. Depreciation is managed via the **Straight Line Method** with the following estimated useful lives: * **Non-factory Buildings:** **60 years** * **Plant & Equipment:** **8–15 years** * **Furniture & Fixtures / Electrical Installations:** **10 years** * **Office Equipment and Vehicles:** **5–8 years** * **Computers:** **3 years** --- ### **Service Portfolio and Digital Transformation Roadmap** Likhami Consulting has evolved its service offerings from traditional management advice to high-tech, specialized consultancy. The firm positions itself as a "proactive agent of change," focusing on the following domains: | Domain | Specialized Services | | :--- | :--- | | **Strategic & Management** | Turnaround strategies for distressed firms, business valuations, and management consultancy. | | **Project & Technical** | Techno-economic viability studies, project feasibility, and technical collaborations. | | **Financial Advisory** | Loan/equity syndication, M&A, and India-entry consultancy for foreign investors. | | **Digital & Emerging Tech** | **Generative AI** strategy, **Blockchain** integration, **Cloud Computing**, and Digital Marketing. | | **Market Intelligence** | Industry research, branding, brand launch strategies, and market surveys. | | **Human Capital** | Workplace transformation (Remote Work strategies) and evolving hiring practices. | The company’s growth strategy is increasingly centered on **Digitalization**. This includes helping clients navigate the ethical and regulatory concerns of **AI adoption** and modernizing legacy systems through cloud-based solutions. --- ### **Leadership Transition and Governance Structure** The company is currently navigating a comprehensive reconstitution of its Board and Key Managerial Personnel (KMP), effective **October 2025**. * **New Leadership:** **Mr. Rahul Anand Fulfagar** has been appointed as **Managing Director & CEO** for a **5-year term** (ending Sept 2030). His compensation includes a **₹1 Lakh monthly salary** plus a **2% commission** on turnover exceeding **₹1 Crore**. * **Board Reconstitution:** Following the resignation of former MD **Mr. Babu Lal Jain** and several directors in September 2025, the board now includes: * **Ms. Shagun Asthana** (Non-Executive Director) * **Ms. Aashima Sehgal** (Independent Director, 5-year term) * **Mrs. Nikita Gautam Roy** (Independent Director, 5-year term) * **Audit & Compliance:** **M/s. Veenit Pal & Associates** has been appointed as the **Secretarial Auditor** for a five-year block (**FY26–FY30**). The company maintains compliance with **Ind AS** reporting and **SEBI (LODR) Regulations**. --- ### **Financial Performance and Growth Metrics** Likhami Consulting has demonstrated a consistent recovery trajectory following a volatile **FY 2021-22**. The company has returned to profitability with improving margins. **Four-Year Financial Summary:** | Particulars (₹ in Lakhs) | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | | :--- | :---: | :---: | :---: | :---: | | **Total Income** | **67.70** | **63.02** | **61.94** | **48.57** | | **Total Expenses** | **37.61** | **41.62** | **38.67** | **35.01** | | **Profit After Tax (PAT)** | **21.87** | **15.81** | **17.20** | **(408.80)** | | **Earnings Per Share (₹)** | **0.22** | **0.16** | **0.17** | **(4.11)** | **Key Financial Observations:** * **Profitability Growth:** PAT increased by **38.3%** year-on-year in **FY25**, supported by a reduction in total expenses from **₹41.62 Lakh** to **₹37.61 Lakh**. * **Equity Base:** The company maintains a stable equity structure with **99.5 Lakh** weighted average shares. As of March 31, 2025, **71.10%** of equity shares are held in **dematerialized form**. * **Capital Structure:** The company has **no outstanding GDRs, ADRs, warrants, or convertible instruments**. --- ### **Risk Profile and Mitigation Strategies** The company operates in a high-stakes environment where human capital and regulatory precision are paramount. * **Market Integrity Risks:** In **September 2024**, the company proactively alerted the **BSE** regarding attempts by "unscrupulous persons" to **manipulate the share price** through small-quantity orders. * **Credit and Liquidity Risk:** Management monitors **Trade Receivables** closely. While some "Other Receivables" have been outstanding for "considerable periods," they are currently classified as **good for recovery**. However, certain debit balances remain subject to confirmation and reconciliation. * **Operational Risks:** * **Talent Gap:** The business is highly dependent on specialized manpower. A shortage of skilled consultants could lead to revenue loss. * **Service Cycle:** Consulting projects can span **months or years**, requiring significant working capital and limiting the client base to high-budget entities. * **Governance Risks:** The simultaneous resignation of the CEO and multiple directors in late 2025 created temporary vacancies in the **Audit, Risk Management, and Nomination Committees**, which the company is currently addressing through new appointments. * **Regulatory Documentation:** A **May 2024** application rejection by the Regional Director due to improperly dated affidavits highlights the need for heightened administrative oversight during the relocation process. --- ### **Future Outlook and Strategic Pillars** Likhami Consulting aims to capitalize on the rising demand for **IT-based consulting** and **Financial Risk Management**. The growth roadmap is built on four pillars: 1. **Innovation:** Investing in proprietary methodologies for **AI and Blockchain** advisory. 2. **Quality Assurance:** Implementing a "service guarantee" model to drive repeat business. 3. **Strategic Alliances:** Exploring **joint ventures** and international tie-ups to expand service reach without heavy capital expenditure. 4. **Market Expansion:** Leveraging the new Mumbai headquarters to capture a larger share of the **Financial Advisory** and **India-entry** consultancy market.