Mahaveer Finance India Limited

NBFC providing financial services in 3 states and 1 union territory with 53 branches.

1981 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Mahaveer Finance India Profile

Key Indicators

  • Authorised Capital ₹ 25.00 Cr
  • Paid Up Capital ₹ 16.05 Cr
  • Company Age 44 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1,116.47 Cr
  • Satisfied Charges ₹ 667.18 Cr
  • Revenue Growth 29.92%
  • Profit Growth 13.39%
  • Ebitda 25.05%
  • Net Worth 61.34%
  • Total Assets 37.04%

About Mahaveer Finance India

Mahaveer Finance India Limited (MFIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 05 January 1981 and has a history of 44 years and four months. Its registered office is in Chennai, Tamil Nadu, India.

The Corporate was formerly known as Deccan Investment Holdings 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 25.00 Cr and a paid-up capital of Rs 16.05 Cr.

The company currently has active open charges totaling ₹1,116.47 Cr. The company has closed loans amounting to ₹667.18 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Mahaveer Finance India Limited India are Deepak Dugar as Ceo, Praveen Dugar as Cfo, and Dolly Kothari as Company Secretary. Krishan Rathi, Satish Mehta, Mahaveerchand Dugar, and Five other members serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65191TN1981PLC008555

  • Company No.

    008555

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    05 Jan 1981

  • Date of AGM

    09 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services
Company report

Mahaveer Finance India Limited

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

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

Executive Team (3)

NameDesignationAppointment DateStatus
Deepak Dugar Country flag representing In Managing Director23-May-1996Current
Praveen Dugar Country flag representing In CFO29-Jan-2005Current
Dolly Kothari Company Secretary29-Jan-2025Current

Board Members (7)

NameDesignationAppointment DateStatus
Vishal Gupta Country flag representing In Additional Director 09-Aug-2024Current
Krishan Rathi Country flag representing In Additional Director 09-Aug-2024Current
Satish Mehta Country flag representing In Director 30-Jun-2023Current
Mahaveerchand Dugar Country flag representing In Whole-Time Director 01-Oct-1987Current
Praveen Dugar Country flag representing In Whole-Time Director and Cfo 29-Jan-2005Current
Chandramouli Chandrasekaran Country flag representing In Additional Director 09-Aug-2024Current

Financial Performance of Mahaveer Finance India.

Mahaveer Finance India Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 29.92% increase. The company also saw a substantial improvement in profitability, with a 13.39% increase in profit. The company's net worth Soared by an impressive increase of 61.34%.

Mahaveer Finance India revenue growth over time
Mahaveer Finance India 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
29.92%
Revenue from Operations
24.89%
Total Assets
37.04%
Profit or Loss
13.39%
Net Worth
61.34%
EBITDA
25.05%

What is the Ownership and Shareholding Structure of Mahaveer Finance India?

In 2024, Mahaveer Finance India had a promoter holding of 63.91% and a public holding of 36.10%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,116.47 Cr

Satisfied Charges

₹667.18 Cr

Charges Breakdown by Lending Institutions

  • Others : 927.30 Cr
  • State Bank Of India : 74.50 Cr
  • Indian Overseas Bank : 40.00 Cr
  • Yes Bank Limited : 30.00 Cr
  • Sidbi : 20.00 Cr
  • Others : 24.67 Cr

Latest Charge Details

DateLenderAmountStatus
17 Jan 2025Yes Bank Limited₹10.00 CrOpen
19 Dec 2024Others₹30.00 CrOpen
18 Dec 2024Others₹15.00 CrOpen
29 Nov 2024Others₹10.00 CrOpen
29 Oct 2024Others₹10.00 CrOpen

How Many Employees Work at Mahaveer Finance India?

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

Employee growth trends for Mahaveer Finance India Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mahaveer Finance India, 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 Mahaveer Finance India'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 Mahaveer Finance India

Recent activity within the organization

  • Director Appointment

    Dolly Kothari was appointed as a Company Secretary was appointed as a Company Secretary on 29 Jan 2025 & has been associated with this company since 3 months 24 days .

  • Charges

    A charge registered on 24 Dec 2020 via Charge ID 100403893 with Others was fully satisfied on 24 Jan 2025.

  • Charges

    A charge with Yes Bank Limited amounted to Rs. 10.00 Cr with Charge ID 101033277 was registered on 17 Jan 2025.

  • Charges

    A charge registered on 25 May 2022 via Charge ID 100576952 with Others was fully satisfied on 07 Jan 2025.

  • Charges

    A charge registered on 01 Nov 2019 via Charge ID 100304139 with Others was fully satisfied on 06 Jan 2025.

  • Charges

    A charge registered on 22 Nov 2021 via Charge ID 100505355 with Others was fully satisfied on 21 Dec 2024.

Frequently asked questions

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

    Mahaveer Finance India Limited was incorporated on 05 Jan 1981.

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

    The authorized share capital of Mahaveer Finance India Limited is ₹ 25.00 Cr and paid-up capital is ₹ 16.05 Cr.

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

    Currently 11 directors are associated with Mahaveer Finance India Limited.

    • Krishan Kant Rathi
    • Satish Gordhan Mehta
    • Mahaveerchand Dugar
    • Deepak Dugar
    • Praveen Dugar
    • Chandramouli Chandrasekaran
    • Vishal Kumar Gupta
    • Deepak Dugar
    • Praveen Dugar
    • Dolly Kothari
    • Rakesh Kumar Bhutoria

  • What is the registered address of Mahaveer Finance India Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mahaveer Finance India Limited is Agarwal Court K.G.Plaza Shop Nos. T8 T9 3Rd Floor No.41-44 General Patters Roa D, India, Chennai, Tamil Nadu, 600002.

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

    The corporate identification number (CIN) of Mahaveer Finance India Limited is U65191TN1981PLC008555 and the company number is 008555 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Mahaveer Finance India Limited?

    The Official website of Mahaveer Finance India Limited is https://www.mahaveerfinance.com

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

    According to the financial reports for the fiscal year 2024, the revenue trend for Mahaveer Finance India Limited has risen by 29.92%.

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

    The financial reports for the fiscal year 2024 indicates that The net worth of Mahaveer Finance India Limited has experienced an upsurge of 61.34%.

  • What are the total open charges for Mahaveer Finance India Limited?

    As per the financial statements for fiscal Year 2024, The total open charges for Mahaveer Finance India Limited amount to ₹ 1,116.47 Cr.

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

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

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