Mand Finance Limited
About Mand Finance Limited
Data last updated:
Mand Finance Limited is a public limited company based in Punjab, India. It operates in the asset financing companies segment of the financial services sector. It was incorporated on 28 March 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65921PB1985PLC006210.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.92 Cr. It is led by directors including Tarlok Singh Mand (Managing Director) and Gurleen Kaur Mand (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Jalandhar City, Punjab, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.89 Lakh, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹1.59 Lakh (net margin 5.3%) and EBITDA of ₹6.52 Lakh (EBITDA margin 21.8%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 3% over five years.
Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Mand Finance has one previous CIN (Corporate Identification Number): L65921PB1985PLC006210. The current CIN is U65921PB1985PLC006210, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921PB1985PLC006210 | Current |
| L65921PB1985PLC006210 | Previous |
Contact details
Mand Finance Limited's registered office is in Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressJalandhar City, Punjab, India
- IndustryFinancial Services, Asset Financing Companies, Investment & Credit NBFC, NBFC
To see the full contact details of Mand Finance Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Mand Finance is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Mand Finance Limited, buy the company report.
Financials of Mand Finance Limited
FY 2025 filings availableMand Finance Limited reported revenue of ₹29.89 Lakh (down 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 25% fall in the latest year. EBITDA fell 50% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹6.52 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.59 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.8% | ||||
| Net Profit Margin | 5.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Mand Finance Limited, buy the company report.
Board of directors of Mand Finance Limited
Mand Finance has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tarlok Singh Mand | Managing Director | 28 Mar 1985 | 41 Years 7 Months | Current |
| Gurleen Kaur Mand | Whole-Time Director | 15 Mar 1999 | 27 Years 7 Months | Current |
| Sukhpreet Singh Mand | Whole-Time Director | 31 Mar 1997 | 29 Years 7 Months | Current |
Peer comparison
Mand Finance Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Asset Financing Companies, Finance, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rispana Leasing Finance and Investments Private Limited | ₹29.96 Lakh (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Mahabir Textiles Mills Pvt Ltd | ₹29.91 Lakh (FY 2024) | 27.0% | Kolkata, West Bengal, India | |||
| Ratanmala Motors and Finance Limited | ₹29.89 Lakh (FY 2025) | 0.0% | Uttar Pradesh, India | |||
| Mand Finance Limitedthis company | ₹29.89 Lakh (FY 2025) | ₹1.59 Lakh | 5.3% | -25.0% | Punjab, India | |
| Idhayam - G Finance and Investment Services Limited | ₹29.79 Lakh (FY 2024) | 72.0% | Virudhunagar, Tamil Nadu, India | |||
| Maurya Holdings Private Limited | ₹29.78 Lakh (FY 2025) | 6.0% | Delhi, India |
To see the full peer comparison of Mand Finance Limited, buy the company report.
Auditor
Mand Finance Limited is audited by DASS & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DASS & CO | FY 2018 | 000200N |
Shareholding
The shareholding of Mand Finance Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Mand Finance Limited, buy the company report.
Legal cases
Mand Finance Limited has 6 court cases on record: 5 filed by Mand Finance, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
| District court, Jalandhar, Punjab | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
To see the full case history of Mand Finance Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mand Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Mand Finance Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mand Finance Limited has 8 board changes on record since 1985: 4 appointments and 4 cessations. The latest: Rajnish Gautam was appointed as CEO on 25 Feb 2025.
Frequently asked questions
Mand Finance is an active public limited company based in Punjab, India. The company works in asset financing companies, within the financial services industry. It was incorporated on 28 March 1985 (41+ years old) and is registered under CIN U65921PB1985PLC006210.
Mand Finance has 3 current directors:
- Tarlok Singh Mand - Managing Director
- Gurleen Kaur Mand - Whole-Time Director
- Sukhpreet Singh Mand - Whole-Time Director
The latest financial statements of Mand Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mand Finance is U65921PB1985PLC006210. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mand Finance has 6 court cases on record: 5 filed by the company and 1 filed against it.
Mand Finance was incorporated on 28 March 1985, making it 41+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Mand Finance by revenue are Rispana Leasing Finance and Investments Private Limited, Mahabir Textiles Mills Pvt Ltd, Ratanmala Motors and Finance Limited, Idhayam - G Finance and Investment Services Limited, Maurya Holdings Private Limited, all in the BFSI industry (Asset Financing Companies, Finance, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities).
Rajnish Gautam was appointed as CEO on 25 Feb 2025. Sawaran Kaur ceased to be Director on 29 Jun 2019. Gurmej Kaur ceased to be Director on 08 Aug 2016. Mand Finance has 8 board changes on record in total.
The registered office of Mand Finance is at Jalandhar City, Punjab, India.
Mand Finance operates in the financial services industry, in the asset financing companies segment.
The compliance status of Mand Finance is compliant as of 30 July 2026. The company is actively filing with the Registrar of Companies.
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