Berar Finance Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 12.34 Cr
- Company Age 34 Year, 6 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 six 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
Who are the key members and board of directors at Berar Finance?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sandeep Jawanjal  | Managing Director | 01-Apr-2007 | Current |
| Deepali Balpande | Company Secretary | 01-Apr-2008 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Avishek Addy | Director | 19-Jan-2021 | Current |
| Maroti Jawanjar | Whole-Time Director | 22-Aug-1990 | Current |
| Shantaram Mahakalkar | Director | 25-Sep-2002 | Current |
| Rajesh Vasudevan | Director | 23-May-2024 | Current |
| Siva Alagan | Director | 21-Mar-2022 | Current |
| Annapurna Dubey | Additional Director | 14-Nov-2024 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
Digital Outcomes Technologies Private LimitedVarun Bhalla is a mutual person
Belstar Microfinance LimitedSiva Alagan is a mutual person
Saggraha Management Services Private LimitedSiva Alagan is a mutual person
Altum Credo Home Finance Private LimitedAvishek Addy is a mutual person
J L Morison (India) LimitedAnnapurna Dubey is a mutual person
Save Solutions Private LimitedSiva Alagan is a mutual person
Charges (Loans)
₹1,770.29 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 2024 | Others | ₹15.00 Cr | Open |
| 18 Dec 2024 | Others | ₹25.00 Cr | Open |
| 13 Dec 2024 | Others | ₹9.00 Cr | Open |
| 28 Nov 2024 | Others | ₹20.00 Cr | Open |
| 29 Oct 2024 | Others | ₹15.00 Cr | Open |
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.
Deals i
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
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.
