Berar Finance Limited

Provides financing for two wheelers and other loan products in Maharashtra and four other states.

1990 | Nagpur, Maharashtra (India) | Active
Last Updated:

Berar Finance Profile

Key Indicators

  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 12.34 Cr
  • Company Age 34 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1,770.29 Cr
  • Satisfied Charges ₹ 1,114.99 Cr
  • Revenue Growth 15.53%
  • Profit Growth 29.85%
  • Ebitda 10.23%
  • Net Worth 7.62%
  • Total Assets 15.32%

About Berar Finance

Berar Finance Limited (BFL) is a leading Public Limited Indian Non-Government Company incorporated in India on 22 August 1990 and has a history of 34 years and eight months. Its registered office is in Nagpur, Maharashtra, India.

The Corporate was formerly known as Berar Finance Private 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 15.00 Cr and a paid-up capital of Rs 12.34 Cr.

The company currently has active open charges totaling ₹1,770.29 Cr. The company has closed loans amounting to ₹1,114.99 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Berar Finance Limited India is Deepali Balpande as COMPANY SECRETARY. Maroti Jawanjar, Shantaram Mahakalkar, Sandeep Jawanjal, and Five other members serve as directors at the Company.

Company Details

  • Location

    Nagpur, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65929MH1990PLC057829

  • Company No.

    057829

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    22 Aug 1990

  • Date of AGM

    20 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services
Company report

Berar Finance Limited

Explore comprehensive data for Berar Finance Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Berar Finance?

Executive Team (2)

NameDesignationAppointment DateStatus
Sandeep Jawanjal Country flag representing In Managing Director01-Apr-2007Current
Deepali Balpande Country flag representing In Company Secretary01-Apr-2008Current

Board Members (7)

NameDesignationAppointment DateStatus
Avishek Addy Country flag representing In Director 19-Jan-2021Current
Maroti Jawanjar Country flag representing In Whole-Time Director 22-Aug-1990Current
Shantaram Mahakalkar Country flag representing In Director 25-Sep-2002Current
Rajesh Vasudevan Country flag representing In Director 23-May-2024Current
Siva Alagan Country flag representing In Director 21-Mar-2022Current
Annapurna Dubey Country flag representing In Additional Director 14-Nov-2024Current

Financial Performance of Berar Finance.

Berar Finance Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 15.53% increase. The company also saw a substantial improvement in profitability, with a 29.85% increase in profit. The company's net worth moved up by a moderate rise of 7.62%.

Berar Finance revenue growth over time
Berar Finance profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
15.53%
Revenue from Operations
15.36%
Total Assets
15.32%
Profit or Loss
29.85%
Net Worth
7.62%
EBITDA
10.23%

What is the Ownership and Shareholding Structure of Berar Finance?

In 2024, Berar Finance had a promoter holding of 34.10% and a public holding of 65.91%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,770.29 Cr

Satisfied Charges

₹1,114.99 Cr

Charges Breakdown by Lending Institutions

  • Others : 1485.93 Cr
  • Idbi Trusteeship Services Limited : 119.00 Cr
  • State Bank Of India : 50.00 Cr
  • Hdfc Bank Limited : 40.00 Cr
  • Indian Overseas Bank : 40.00 Cr
  • Others : 35.36 Cr

Latest Charge Details

DateLenderAmountStatus
30 Dec 2024Others₹15.00 CrOpen
18 Dec 2024Others₹25.00 CrOpen
13 Dec 2024Others₹9.00 CrOpen
28 Nov 2024Others₹20.00 CrOpen
29 Oct 2024Others₹15.00 CrOpen

How Many Employees Work at Berar Finance?

Berar Finance has a workforce of 2078 employees as of Jan 27, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Berar Finance Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Berar 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 Berar Finance's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Berar Finance

Recent activity within the organization

  • Charges

    A charge registered on 25 Nov 2021 via Charge ID 100512837 with Others was fully satisfied on 09 Jan 2025.

  • Charges

    A charge registered on 30 Oct 2020 via Charge ID 100387786 with Others was fully satisfied on 08 Jan 2025.

  • Charges

    A charge registered on 30 Oct 2020 via Charge ID 100387797 with Others was fully satisfied on 08 Jan 2025.

  • Charges

    A charge registered on 20 Oct 2021 via Charge ID 100498928 with Others was fully satisfied on 03 Jan 2025.

  • Charges

    A charge registered on 15 Sep 2023 via Charge ID 100790598 with Others was fully satisfied on 01 Jan 2025.

  • Charges

    A charge registered on 18 Sep 2021 via Charge ID 100485942 with Others was fully satisfied on 31 Dec 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Berar Finance Limited?

    Berar Finance Limited was incorporated on 22 Aug 1990.

  • What is authorized share capital and paid-up capital of Berar Finance Limited?

    The authorized share capital of Berar Finance Limited is ₹ 15.00 Cr and paid-up capital is ₹ 12.34 Cr.

  • Who are the current board members & directors of Berar Finance Limited?

    Currently 9 directors are associated with Berar Finance Limited.

    • Maroti Gendaru Jawanjar
    • Shantaram Krishnarao Mahakalkar
    • Sandeep Marotrao Jawanjal
    • Rajesh Vasudevan
    • Avishek Addy
    • Siva Chidambaram Vadivel Alagan
    • Annapurna Devendra Dubey
    • Varun Bhalla
    • Deepali Ravindra Balpande

  • What is the registered address of Berar Finance Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Berar Finance Limited is Avinisha Towermehadia Chowk Dhantoli India, Nagpur, Maharashtra, 440012.

  • What is the corporate identification number (CIN) and company number of Berar Finance Limited?

    The corporate identification number (CIN) of Berar Finance Limited is U65929MH1990PLC057829 and the company number is 057829 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Berar Finance Limited?

    The Official website of Berar Finance Limited is https://www.berarfinance.com

  • What has been the recent revenue trend for Berar Finance Limited?

    According to the financial reports for the fiscal year 2024, the revenue trend for Berar Finance Limited has risen by 15.53%.

  • How many employees does Berar Finance Limited currently have?

    As Per 2024 financial reports, 2078 employees are currently employed by Berar Finance Limited.

  • What change has been observed in the net worth of Berar Finance Limited, and by what percentage?

    The financial reports for the fiscal year 2024 indicates that The net worth of Berar Finance Limited has experienced an upsurge of 7.62%.

  • What are the total open charges for Berar Finance Limited?

    As per the financial statements for fiscal Year 2024, The total open charges for Berar Finance Limited amount to ₹ 1,770.29 Cr.

  • When was the last Balance Sheet of Berar Finance Limited filed with the ROC?

    The most recent Balance Sheet for Berar Finance Limited was filed with the ROC on 31 Mar 2024.

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