Karnavati Finance Limited

Provides financial and lending solutions for personal and business needs, including wealth management and digital lending.

1984 | Mumbai, Maharashtra (India) | Active
Last Updated:

Karnavati Finance Profile

Key Indicators

  • Authorised Capital ₹ 10.50 Cr
  • Paid Up Capital ₹ 10.05 Cr
  • Company Age 40 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 15.03%
  • Profit Growth 85.10%
  • Ebitda 146.40%
  • Net Worth 4.31%
  • Total Assets 89.15%

About Karnavati Finance

Karnavati Finance Limited (KFL) is a Public Limited Indian Non-Government Company incorporated in India on 05 December 1984 and has a history of 40 years and five months. Its registered office is in Mumbai, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 538928.

The Corporate was formerly known as Karnavati Finance & Leasing 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 2023. It's a company limited by shares with an authorized capital of Rs 10.50 Cr and a paid-up capital of Rs 10.05 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Karnavati Finance Limited India are Kush Morzaria as CFO and Akanksha Rai as Company Secretary. Raman Morzaria, Vineshkumar Makadia, Jay Morzaria, 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

    L65910MH1984PLC034724

  • Company No.

    034724

  • Stock Symbol

    BSE : 538928

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    05 Dec 1984

  • Date of AGM

    01 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Financial Services
Company report

Karnavati Finance Limited

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

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

Executive Team (3)

NameDesignationAppointment DateStatus
Kush Morzaria Country flag representing In CFO01-Mar-2018Current
Jay Morzaria Country flag representing In Managing Director15-Sep-2010Current
Akanksha Rai Country flag representing In Company Secretary05-Oct-2020Current

Board Members (5)

NameDesignationAppointment DateStatus
Raman Morzaria Country flag representing In Whole-Time Director 29-Sep-2001Current
Vineshkumar Makadia Country flag representing In Director 16-Jan-2021Current
Parth Maniar Country flag representing In Director 20-Sep-2018Current
Birmda Bilimoria Country flag representing In Director 13-Aug-2018Current
Ashish Batavia Country flag representing In Director 05-Jun-2023Current

Financial Performance of Karnavati Finance.

Karnavati Finance Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 15.03% increase. The company also saw a substantial improvement in profitability, with a 85.1% increase in profit. The company's net worth moved up by a moderate rise of 4.31%.

Karnavati Finance revenue growth over time
Karnavati 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
15.03%
Revenue from Operations
18.62%
Total Assets
89.15%
Profit or Loss
85.10%
Net Worth
4.31%
EBITDA
146.40%

What is the Ownership and Shareholding Structure of Karnavati Finance?

In 2023, Karnavati Finance had a promoter holding of 58.64% and a public holding of 41.36%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Karnavati Finance?

Unlock and access historical data on people associated with Karnavati Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Karnavati Finance Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Karnavati 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 Karnavati 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 Karnavati Finance

Recent activity within the organization

  • Annual General Meeting

    Karnavati Finance Limited last Annual general meeting of members was held on 01 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Karnavati Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

  • Director Appointment

    Vineshkumar Popatlal Makadia was appointed as a Director was appointed as a Director on 16 Jan 2021 & has been associated with this company since 4 years 3 months .

  • Director Appointment

    Parth Chandreshbhai Maniar was appointed as a Director was appointed as a Director on 20 Sep 2018 & has been associated with this company since 6 years 7 months .

  • Director Appointment

    Birmda Minoobhai Bilimoria was appointed as a Director was appointed as a Director on 13 Aug 2018 & has been associated with this company since 6 years 9 months .

  • Director Appointment

    Jay Ramanbhai Morzaria was appointed as a Managing Director was appointed as a Managing Director on 15 Sep 2010 & has been associated with this company since 14 years 7 months .

Recent News, Updates & Announcement

Frequently asked questions

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

    Karnavati Finance Limited was incorporated on 05 Dec 1984.

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

    The authorized share capital of Karnavati Finance Limited is ₹ 10.50 Cr and paid-up capital is ₹ 10.05 Cr.

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

    Currently 8 directors are associated with Karnavati Finance Limited.

    • Raman Pragjibhai Morzaria
    • Vineshkumar Popatlal Makadia
    • Jay Ramanbhai Morzaria
    • Parth Chandreshbhai Maniar
    • Birmda Minoobhai Bilimoria
    • Ashish Nandkishor Batavia
    • Kush Ramanbhai Morzaria
    • Akanksha Rai

  • What is the registered address of Karnavati Finance Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Karnavati Finance Limited is Vraj Group 2Nd Floor Simran Centre Mogra Village 30H Parsi Panchayat Road, Andheri East India, Mumbai, Maharashtra, 400053.

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

    The corporate identification number (CIN) of Karnavati Finance Limited is L65910MH1984PLC034724 and the company number is 034724 as per Ministry of Corporate Affairs (MCA).

  • Is Karnavati Finance Limited registered with any stock exchange in India?

    Yes, Karnavati Finance Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Karnavati Finance Limited?

    The Official website of Karnavati Finance Limited is https://www.karnavatifinancelimited.com

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Karnavati Finance Limited has risen by 15.03%.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Karnavati Finance Limited has experienced an upsurge of 4.31%.

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

    The most recent Balance Sheet for Karnavati Finance Limited was filed with the ROC on 31 Mar 2023.

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