

Banas Finance Profile
Key Indicators
- Authorised Capital ₹ 103.30 Cr
- Paid Up Capital ₹ 89.58 Cr
- Company Age 41 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Revenue Growth 252.69%
- Profit Growth 104.11%
- Ebitda 133.86%
- Net Worth 1.48%
- Total Assets 4.43%
About Banas Finance
Banas Finance Ltd (BFL) is a leading Public Limited Indian Non-Government Company incorporated in India on 06 June 1983 and has a history of 41 years and ten months. Its registered office is in Mumbai, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 509053.
The Corporate was formerly known as Pioneer Leasing Company Limited. The Company is engaged in the Financial Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 103.30 Cr and a paid-up capital of Rs 89.58 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Banas Finance Ltd India are Tanu Agarwal as Ceo, Prajna Naik as Company Secretary, and Amit Mehta as Cfo. Girraj Agrawal, Tanu Agarwal, Chirag Goyal, and Three other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L65910MH1983PLC030142
- Company No.
030142
- Stock Symbol
BSE : 509053
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
06 Jun 1983
- Date of AGM
27 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Banas Finance?
Executive Team (3)
Name | Designation | Appointment Date | Status |
---|---|---|---|
Tanu Agarwal | CEO | 07-Mar-2024 | Current |
Prajna Naik ![]() | Company Secretary | 15-Apr-2019 | Current |
Amit Mehta | CFO | 12-Jun-2024 | Current |
Board Members (5)
Name | Designation | Appointment Date | Status |
---|---|---|---|
Vikash Kulhriya ![]() | Director | 31-Dec-2020 | Current |
Chirag Goyal ![]() | Director | 31-Dec-2020 | Current |
Girraj Agrawal ![]() | Director | 02-Jun-2010 | Current |
Anant Chourasia ![]() | Director | 30-May-2024 | Current |
Ashish Kachhara ![]() | Director | 29-Aug-2022 | Current |
Financial Performance of Banas Finance.
Banas Finance Ltd, for the financial year ended 2024, experienced significant growth in revenue, with a 252.69% increase. The company also saw a substantial improvement in profitability, with a 104.11% increase in profit. The company's net worth moved up by a moderate rise of 1.48%.


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What is the Ownership and Shareholding Structure of Banas Finance?
In 2024, Banas Finance had a promoter holding of 17.59% and a public holding of 82.41%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Related Corporates (Common Directorship)
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Girraj Agrawal, Tanu Agarwal and 3 more are mutual person
- Indian Infotech And Software Limited
Anant Chourasia is a mutual person
- Stoneking Infrastructure Aggregates Private Limited
Girraj Agrawal is a mutual person
- Hunnar Jewels Limited
Girraj Agrawal, Tanu Agarwal and 1 more are mutual person
- Handful Investrade Private Limited
Girraj Agrawal and Tanu Agarwal are mutual person
- Imagine Entertainment And Media Private Limited
Girraj Agrawal is a mutual person
Charges (Loans)

There are no open charges registered against the company as per our records.
How Many Employees Work at Banas Finance?
Unlock and access historical data on people associated with Banas Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Deals i

Gain comprehensive insights into the Deals and Valuation data of Banas Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Banas Finance's trajectory.
Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Banas Finance
Recent activity within the organization
- Annual General Meeting
Banas Finance Ltd last Annual general meeting of members was held on 27 Aug 2024 as per latest MCA records.
- Director Appointment
Amit Jayantilal Mehta was appointed as a Cfo was appointed as a Cfo on 12 Jun 2024 & has been associated with this company since 10 months 21 days .
- Director Appointment
Anant Chourasia was appointed as a Director was appointed as a Director on 30 May 2024 & has been associated with this company since 11 months 4 days .
- Balance Sheet
Banas Finance Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Tanu Giriraj Agarwal was appointed as a Ceo was appointed as a Ceo on 07 Mar 2024 & has been associated with this company since 1 year 1 month .
- Director Appointment
Ashish Kachhara was appointed as a Director was appointed as a Director on 29 Aug 2022 & has been associated with this company since 2 years 8 months .
Recent News, Updates & Announcement
- Banas Finance Board Meeting: No Updates, Just a Boring Waste of Time #BSE #NoUpdates #WasteOfTime.
When you finally have a board meeting but all you have to say is "nothing happened." #BanasFinance #BSE #BoardMeeting #NoUpdates #Boring #WasteOfTime.
- "New Job Alert: Nikita Joshi Joins Banas Finance as Company Secretary and Compliance Officer, BSE Announcement Expected!".
When you're about to get a new job but gotta announce it to the world first. #NewJobWhoDis #BanasFinance #BoardMeeting #NikitaJoshi #CompanySecretary #ComplianceOfficer #BSE #Announcements.
Frequently asked questions
What is the Incorporation or founding date of Banas Finance Ltd?
Banas Finance Ltd was incorporated on 06 Jun 1983.
What is authorized share capital and paid-up capital of Banas Finance Ltd?
The authorized share capital of Banas Finance Ltd is ₹ 103.30 Cr and paid-up capital is ₹ 89.58 Cr.
Who are the current board members & directors of Banas Finance Ltd?
Currently 9 directors are associated with Banas Finance Ltd.
- Tanu Giriraj Agarwal
- Girraj Kishor Agrawal
- Tanu Giriraj Agarwal
- Chirag Goyal
- Vikash Kulhriya
- Anant Chourasia
- Ashish Kachhara
- Prajna Naik
- Amit Jayantilal Mehta
What is the registered address of Banas Finance Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Banas Finance Ltd is E-109 Crystal Plaza New Link Road Andheri (West), India, Mumbai, Maharashtra, 400053.
What is the corporate identification number (CIN) and company number of Banas Finance Ltd?
The corporate identification number (CIN) of Banas Finance Ltd is L65910MH1983PLC030142 and the company number is 030142 as per Ministry of Corporate Affairs (MCA).
Is Banas Finance Ltd registered with any stock exchange in India?
Yes, Banas Finance Ltd is registered on Bombay Stock Exchange (BSE).
What is the official website of Banas Finance Ltd?
The Official website of Banas Finance Ltd is https://www.banasfinance.com
What has been the recent revenue trend for Banas Finance Ltd?
According to the financial reports for the fiscal year 2024, the revenue trend for Banas Finance Ltd has risen by 252.69%.
What change has been observed in the net worth of Banas Finance Ltd, and by what percentage?
The financial reports for the fiscal year 2024 indicates that The net worth of Banas Finance Ltd has experienced an upsurge of 1.48%.
When was the last Balance Sheet of Banas Finance Ltd filed with the ROC?
The most recent Balance Sheet for Banas Finance Ltd was filed with the ROC on 31 Mar 2024.
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