About Lendingkart Finance Limited
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Lendingkart Finance Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Lendingkart Technologies Private Limited. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 26 December 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65910MH1996PLC258722.
The company has an authorised share capital of ₹1,050.73 Cr and a paid-up capital of ₹547.87 Cr. It was formerly known as Vld Finance and Securities Limited and Aadri Infin Limited. It is led by directors including Prashant Prakash Joshi (Managing Director) and Hong Ping Yeo.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Office 3 Connekt 401/B 4th Floor Silver Utopia, Cardinal Gracious Road Andheri East Mumbai Suburban, Maharashtra, India – 400099.
As per the financials filed for FY 2025, the company reported a revenue of ₹866.99 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹288.34 Cr (net margin -33.3%) and EBITDA of -₹88.7 Cr (EBITDA margin -10.2%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 13% over five years.
The company has about 672 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Lendingkart Finance and Lendingkart. As per MCA filings, the company has open charges of ₹1,946.86 Cr and satisfied charges of ₹4,823.51 Cr on record. Court records list 45,406 cases involving the company, including 45,134 filed by the company and 274 filed against it; 15,570 cases are pending. The company has 13 deals on record (5 rights issues, 3 debt financings, 2 funding rounds), with disclosed funding of ₹469.98 Cr; the latest was in March 2021. Its 5 peer companies in the BFSI industry (Finance, Large NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 1 smaller; the largest is Vistaar Financial Services Private Limited with revenue of ₹924.04 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lendingkart.com.
Company details
Name history
Lendingkart Finance has undergone 4 name changes throughout its history. The current legal name is Lendingkart Finance Limited.
| Company Name | Status |
|---|---|
| Lendingkart Finance Limited | Current |
| Vld Finance And Securities Limited | Previous |
| Aadri Infin Limited | Previous |
| Vld Finance & Securities Ltd | Previous |
| Aadri Infin Ltd | Previous |
CIN history
Lendingkart Finance has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U65910MH1996PLC258722, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65910MH1996PLC258722 | Current |
| U65910AP1996PLC026037 | Previous |
| U65910TG1996PLC026037 | Previous |
Contact details
Lendingkart Finance Limited's registered office is in Mumbai, Maharashtra. Its website is lendingkart.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressOffice 3 Connekt 401/B 4th Floor Silver Utopia, Cardinal Gracious Road Andheri East Mumbai Suburban, Maharashtra, India – 400099
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Lendingkart 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
Brands
Lendingkart Finance operates two associated brands: Lendingkart Finance and Lendingkart. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers business loans and working capital to SMEs via tech-driven platform. | lendingkartfinance.com | |
| Provider of unsecured business loans and working capital financing to MSMEs | lendingkart.com |
Business activity
The main business activity of Lendingkart 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 Lendingkart Finance Limited, buy the company report.
Financials of Lendingkart Finance Limited
FY 2025 filings availableLendingkart Finance Limited reported revenue of ₹866.99 Cr (down 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 125% 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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| EBITDA | -₹88.7 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹288.34 Cr | ||||
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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 | -10.2% | ||||
| Net Profit Margin | -33.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Lendingkart Finance Limited, buy the company report.
Board of directors of Lendingkart Finance Limited
Lendingkart Finance has 8 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hong Ping Yeo Also directs: Lendingkart Technologies Private Limited | Director | 21 Apr 2019 | 7 Years 6 Months | Current |
| Sreeram Ranganathan Iyer Also directs: Essai Digital Capabilities LLP | Director | 29 Mar 2024 | 2 Years 6 Months | Current |
| Pavan Kaushal Pal | Director | 28 Dec 2022 | 3 Years 9 Months | Current |
| Rashmi Sharma Also directs: Anheuser Busch Inbev India Limited | Director | 19 Nov 2024 | 1 Years 11 Months | Current |
| Anindo Mukherjee Also directs: Lendingkart Technologies Private Limited | Director | 05 Sep 2018 | 8 Years 1 Months | Current |
| Venkateswara Rao Thallapaka Also directs: Lendingkart Technologies Private Limited, Cupid Limited, Alkali Metals Ltd. and 5 more | Director | 13 Nov 2019 | 6 Years 11 Months | Current |
Peer comparison
Lendingkart Finance Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Finance, Large NBFC, 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 |
|---|---|---|---|---|---|---|
| Vistaar Financial Services Private Limited | ₹924.04 Cr (FY 2025) | 35.0% | Bengaluru, Karnataka, India | |||
| Choice International Limited | ₹921.67 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Kotak Mahindra Investments Limited | ₹894.31 Cr (FY 2022) | 17.0% | Mumbai, Maharashtra, India | |||
| Ikf Finance Limited | ₹872.95 Cr (FY 2025) | 49.0% | Vijayawada, Andhra Pradesh, India | |||
| Lendingkart Finance Limitedthis company | ₹866.99 Cr (FY 2025) | -₹288.34 Cr | -33.3% | -24.0% | 672 | Mumbai, Maharashtra, India |
| Kosamattam Finance Limited | ₹858.94 Cr (FY 2024) | 10.0% | Kottayam, Kerala, India |
To see the full peer comparison of Lendingkart Finance Limited, buy the company report.
Auditor
Lendingkart Finance Limited is audited by S.R. BATLIBOI & CO. LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. BATLIBOI & CO. LLP | FY 2019 | 301003E/E300005 |
Shareholding
The shareholding of Lendingkart Finance Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Lendingkart Finance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Sep 2025 | 101171203 | Sbicap Trustee Company Limited | ₹5.15 Cr | Open | |
| 27 Jun 2025 | 101126663 | Others | ₹100 Cr | Open | |
| 17 Feb 2025 | 101053937 | Others | ₹30 Cr | Open | |
| 21 Nov 2024 | 101013492 | Others | ₹175 Cr | Open | |
| 17 Oct 2024 | 101003842 | Others | ₹175 Cr | Open |
To see the full charge records of Lendingkart Finance Limited, buy the company report.
Total charge records: 271 View all charges
Deals & funding
Lendingkart Finance Limited has 13 deals on record (5 rights issues, 3 debt financings, 2 funding rounds), with disclosed funding of ₹469.98 Cr; the latest was in March 2021.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2019 | Debt financing | ₹171.98 Cr | Investors: Symbiotics, Goenka Trading Company, Northern Arc Income Builder Trust Series Ii |
| Sep 2019 | Rights issue | ₹210 Cr | Investors: Lendingkart Technologies Private Limited |
| Sep 2018 | Rights issue | ₹275 Cr | Investors: Lendingkart Technologies Private Limited |
| Sep 2018 | Funding round | ₹50 Cr | Investors: Lendingkart Technologies Private Limited |
| Sep 2017 | Funding round | ₹20 Cr | Investors: Lendingkart Technologies Private Limited |
To see the full deal history of Lendingkart Finance Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Lendingkart Finance Limited has 45,406 court cases on record: 45,134 filed by Lendingkart Finance, 274 filed against it. 15,570 cases are pending and 29,836 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 45,372 | 242 | 15,564 |
| High courts | 31 | 29 | 6 |
| Supreme Court | 3 | 3 | 0 |
Cases on record (5 of 45,406)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Arbitration matter | Filed against the company by Upwards Fintech Services Pvt Ltd | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S Jr Compliance and Testing Labs | Pending |
| District court, Guntur, Andhra Pradesh | Civil suit | Filed against the company by an individual | Pending |
| District court, Mahabubnagar, Telangana | Court case (IP) | Filed against the company by an individual | Pending |
| District court, Central, Delhi | Civil suit | Filed against the company by M/S Freshcrop Food and Spices | Pending |
To see the full case history of Lendingkart 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.
Credit ratings & regulatory alerts
Lendingkart Finance Limited was last rated by Crisil on 23 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 23 Nov 2020 |
To see the full credit ratings and regulatory alerts of Lendingkart Finance Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Lendingkart Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Lendingkart Finance Limited has a workforce of 672 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
No GST registration is on our record for Lendingkart Finance Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Lendingkart Finance Limited has 35 board changes on record since 2014: 8 appointments and 27 cessations. The latest: Prashant Prakash Joshi was appointed as Managing Director on 24 Jul 2025.
541 earlier events are in the company report.
News
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Frequently asked questions
Lendingkart Finance is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 26 December 1996 (30+ years old) and is registered under CIN U65910MH1996PLC258722.
Lendingkart Finance has 8 current directors:
- Prashant Prakash Joshi - Managing Director
- Hong Ping Yeo - Director
- Sreeram Ranganathan Iyer - Director
- Pavan Kaushal Pal - Director
- Rashmi Sharma - Director
- Anindo Mukherjee - Director
- Venkateswara Rao Thallapaka - Director
- Raichand Lunia Sardarmal - Director
The latest financial statements of Lendingkart Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Lendingkart Finance is U65910MH1996PLC258722. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lendingkart Finance has 45,406 court cases on record: 45,134 filed by the company and 274 filed against it. 15,570 are pending. Most are in the district courts.
Lendingkart Finance was incorporated on 26 December 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Lendingkart Finance has 13 deals on record (5 rights issues, 3 debt financings, 2 funding rounds), with disclosed funding of ₹469.98 Cr; the latest was in March 2021.
The peers of Lendingkart Finance by revenue are Vistaar Financial Services Private Limited, Choice International Limited, Kotak Mahindra Investments Limited, Ikf Finance Limited, Kosamattam Finance Limited, all in the BFSI industry (Finance, Large NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities).
Prashant Prakash Joshi was appointed as Managing Director on 24 Jul 2025. Prashant Prakash Joshi ceased to be Additional Director on 24 Jul 2025. Rashmi Sharma ceased to be Additional Director on 16 Feb 2025. Lendingkart Finance has 35 board changes on record in total.
Lendingkart Finance can be reached through the website lendingkart.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Lendingkart Finance is at Office 3 Connekt 401B 4th Floor Silver Utopia, Cardinal Gracious Road Andheri East Mumbai Suburban, Maharashtra, India – 400099.