About Apollo Finvest (India) Limited
Data last updated: 15 July 2026
Apollo Finvest (India) Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in investment and credit NBFC, a part of the broader financial services sector. Incorporated on 29 July 1985, the company has been in operation for over 41 years.
Registered with ROC Mumbai under CIN L51900MH1985PLC036991. Listed on BSE: 512437.
Capital: an authorised share capital of ₹8 Cr and a paid-up capital of ₹3.73 Cr. Formerly known as Apollo Mercantiles Ltd and Appollo Mercantiles Ltd. It is led by directors including Mikhil Ramesh Innani and Akash Adarsh Saxena.
Last AGM: 18 September 2025. Financial statements filed for year ended 31 March 2025. Office: 301 Plot No. B – 27 Commerce Centre Off New Link Road Near Morya House Andheri West, Mumbai, Maharashtra, India – 400053.
As per BSE-filed standalone financials for FY 2024, the company reported a revenue of ₹19.97 Cr, a decline of 55.01% compared to the previous year. The net worth stands at ₹60.11 Cr (up 15.6% YoY). Total assets are valued at ₹72.95 Cr (down 0.83% YoY).
The company has a workforce of approximately 30 employees as per the latest available data.
The company is associated with 2 brands - Loaney, Apollo Finvest. As per MCA filings, the company has open charges of ₹15 Cr and satisfied charges of ₹27.5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website apollofinvest.com.
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Registered Address301 Plot No. B – 27 Commerce Centre Off New Link Road Near Morya House Andheri West, Mumbai, Maharashtra, India – 400053
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IndustryFinancial Services, Investment & Credit NBFC, NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Apollo Finvest (India) Limited
Apollo Finvest (India) Limited has undergone 2 name changes throughout its history. The company was previously known as Apollo Mercantiles Ltd, and Appollo Mercantiles Ltd. The current legal name is Apollo Finvest (India) Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Apollo Finvest (India) Limited | Current |
| Apollo Mercantiles Ltd | Previous |
| Appollo Mercantiles Ltd | Previous |
Associated Brands with Apollo Finvest (India) Limited
Apollo Finvest (India) Limited operates two associated brands: Loaney and Apollo Finvest. These brands represent Apollo Finvest (India) Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Operates a web-based platform for lending services. | loaney.in | |
| Digital loans are enabled for companies to offer. | apollofinvest.com |
Competitors & Alternatives of Apollo Finvest (India) Limited
Brands and companies operating in the same space as Apollo Finvest (India) Limited include Perfios, Niro, FinBox and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Perfios
|
Provides financial technology solutions for data analysis and verification globally. | Bengaluru, India, India | 2008 |
Niro
|
Provider of a platform for lending as a service management | Bengaluru, India, India | 2021 |
FinBox
|
Developer of digital credit infrastructure and risk intelligence suite | Bengaluru, India, India | 2015 |
Ascend Capital
|
Provider of financing solutions for electric vehicles | Jaipur, India, India | 2018 |
Hyperface
|
Provider of platform for launching and managing credit card programs | Bengaluru, India, India | 2021 |
Cloud Lending
|
A cloud-based lending platform is provided for financial institutions. | Foster City, United States, United States | 2013 |
Arthmate
|
Provider of digital lending solutions and embedded finance services for SMEs and financial institutions | Gurugram, India, India | 2020 |
Binocs
|
Gen AI powered document analyzer and loan monitoring system | Bengaluru, India, India | 2022 |
Veefin
|
SaaS-based supply chain financing solutions are delivered globally. | Mumbai, India, India | 2020 |
Florence Capital
|
Personal loans are offered via app to Indian women. | Delhi, India, India | 2016 |
Business Activity of Apollo Finvest (India) Limited
Apollo Finvest (India) Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details for Apollo Finvest (India) Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Apollo Finvest (India) Limited
Apollo Finvest (India) Limited is audited by GMJ & Co for the financial year 2019. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GMJ & Co | Locked | Locked | Locked |
Complete auditor history for Apollo Finvest (India) Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Apollo Finvest (India) Limited
Apollo Finvest (India) Limited is currently managed by 6 directors, with 16 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mikhil Ramesh Innani | Managing Director | 24 Jul 2018 | 8 Years 1 Months | Current |
| Akash Adarsh Saxena | Director | 30 Jun 2021 | 5 Years 1 Months | Current |
|
Paritosh Ram Khatry
Also directs:
Ananta Progressive Developers Llp
|
Director | 22 Dec 2017 | 8 Years 8 Months | Current |
| Kruti Khemani | Director | 24 Jul 2018 | 8 Years 1 Months | Current |
| Diksha Dinesh Nangia | Whole-Time Director | 09 Aug 2019 | 7 Years 0 Months | Current |
| Priyanka Roy | Director | 18 Sep 2024 | 1 Years 11 Months | Current |
Financials of Apollo Finvest (India) Limited FY 2024 filings available
Apollo Finvest (India) Limited reported revenue of ₹19.97 Cr (down 55.01% YoY) for FY 2024.
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹19.97 Cr | ₹44.38 Cr | ₹70.1 Cr | ₹15.17 Cr | ₹28.25 Cr | ₹2.47 Cr |
| Interest Earned | ₹6.1 Cr | ₹12.78 Cr | ₹19.17 Cr | ₹4.64 Cr | ₹7.07 Cr | - |
| Other Income | ₹1.11 Cr | ₹1.77 Cr | ₹3.9 Cr | ₹76.6 Lakh | ₹56.33 Lakh | ₹82.11 Lakh |
| Total Income | ₹21.08 Cr | ₹46.15 Cr | ₹74 Cr | ₹15.93 Cr | ₹28.81 Cr | - |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹3.27 Cr | ₹2.6 Cr | ₹1.8 Cr | ₹1.09 Cr | ₹86.7 Lakh | ₹57.3 Lakh |
| Finance Costs | ₹19.79 Lakh | ₹42.78 Lakh | ₹5.79 Lakh | ₹1.31 Lakh | ₹1.28 Cr | ₹0 |
| Depreciation & Amortisation | ₹16.04 Lakh | ₹31.45 Lakh | ₹22.98 Lakh | ₹22.04 Lakh | ₹15.32 Lakh | - |
| Other Expenses | ₹1.28 Cr | ₹3.79 Cr | ₹4.27 Cr | ₹1.28 Cr | ₹1.82 Cr | ₹1.06 Cr |
| Total Expenses | ₹10.88 Cr | ₹31.62 Cr | ₹56.96 Cr | ₹10.33 Cr | ₹19.66 Cr | ₹1.71 Cr |
| Profit Before Exceptional Items & Tax | ₹10.2 Cr | ₹14.53 Cr | ₹17.04 Cr | ₹5.6 Cr | ₹9.15 Cr | - |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹41,400 | - |
| Profit Before Tax | ₹10.2 Cr | ₹14.53 Cr | ₹17.04 Cr | ₹5.6 Cr | ₹9.15 Cr | ₹1.61 Cr |
| Total Tax Expense | ₹2.19 Cr | ₹4.45 Cr | ₹4.31 Cr | ₹1.5 Cr | ₹2.51 Cr | ₹6.69 Lakh |
| Net Profit | ₹8.01 Cr | ₹10.08 Cr | ₹12.72 Cr | ₹4.1 Cr | ₹6.64 Cr | ₹1.54 Cr |
| Other Comprehensive Income | ₹6.01 Lakh | ₹3.35 Lakh | ₹3.81 Lakh | -₹79,600 | -₹7.71 Lakh | - |
| Total Comprehensive Income | ₹8.07 Cr | ₹10.11 Cr | ₹12.76 Cr | ₹4.09 Cr | ₹6.57 Cr | - |
| EBITDA (computed) | ₹10.56 Cr | ₹15.27 Cr | ₹17.32 Cr | ₹5.84 Cr | ₹10.58 Cr | - |
| Basic EPS | ₹21.47 | ₹27.01 | ₹34.10 | ₹10.99 | ₹17.80 | - |
| Diluted EPS | ₹21.47 | ₹27.01 | ₹34.10 | ₹10.99 | ₹17.80 | - |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Total Assets | ₹72.95 Cr | ₹73.56 Cr | ₹107.65 Cr | ₹59.9 Cr | ₹65.88 Cr | ₹29.37 Cr |
| Non-current Assets | - | - | - | - | - | ₹11.17 Cr |
| Current Assets | - | - | - | - | - | ₹18.2 Cr |
| Property, Plant & Equipment | ₹1.23 Cr | ₹1.13 Cr | ₹1.31 Cr | ₹1.08 Cr | ₹1.12 Cr | - |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹33,000 |
| Cash & Equivalents | ₹6.01 Cr | ₹42.24 Lakh | ₹2.88 Cr | ₹3.88 Cr | ₹1.49 Cr | ₹92.48 Lakh |
| Equity (Net Worth) | ₹60.11 Cr | ₹52 Cr | ₹41.89 Cr | ₹29.13 Cr | ₹25.04 Cr | - |
| Equity Share Capital | ₹3.73 Cr | ₹3.73 Cr | ₹3.73 Cr | ₹3.73 Cr | ₹3.73 Cr | - |
| Current Liabilities | - | - | - | - | - | ₹11.18 Cr |
| Total Liabilities | ₹12.84 Cr | ₹21.56 Cr | ₹65.76 Cr | ₹30.77 Cr | ₹40.85 Cr | - |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | -₹35.87 Cr | ₹24.18 Cr | -₹11.53 Cr |
| Investing Cash Flow | ₹41.65 Cr | -₹16.2 Cr | ₹59.28 Lakh |
| Financing Cash Flow | -₹19.79 Lakh | -₹10.43 Cr | ₹9.94 Cr |
| Capital Expenditure | ₹25.6 Lakh | ₹7.34 Lakh | ₹0 |
| Free Cash Flow (computed) | -₹36.13 Cr | ₹24.1 Cr | -₹11.53 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹5.59 Cr | -₹2.45 Cr | -₹99.98 Lakh |
| Metrics | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|
| Revenue from Operations | ₹7.77 Cr | ₹7.08 Cr | ₹7.4 Cr |
| Interest Earned | ₹6.13 Cr | ₹5.37 Cr | ₹4.37 Cr |
| Other Income | ₹2.45 Lakh | ₹3.12 Lakh | ₹1.71 Lakh |
| Total Income | ₹7.79 Cr | ₹7.11 Cr | ₹7.41 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹96.24 Lakh | ₹90.64 Lakh | ₹93.71 Lakh |
| Finance Costs | ₹63.36 Lakh | ₹46.19 Lakh | ₹16.92 Lakh |
| Depreciation & Amortisation | ₹24.38 Lakh | ₹33.33 Lakh | ₹12.84 Lakh |
| Other Expenses | ₹56.05 Lakh | ₹87.36 Lakh | ₹45.18 Lakh |
| Total Expenses | ₹5.65 Cr | ₹4.03 Cr | ₹4.15 Cr |
| Profit Before Exceptional Items & Tax | ₹2.14 Cr | ₹3.08 Cr | ₹3.26 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹2.14 Cr | ₹3.08 Cr | ₹3.26 Cr |
| Total Tax Expense | ₹72.88 Lakh | ₹67.37 Lakh | ₹91.22 Lakh |
| Net Profit | ₹1.41 Cr | ₹2.41 Cr | ₹2.35 Cr |
| Other Comprehensive Income | ₹1.5 Lakh | ₹1.51 Lakh | ₹1.5 Lakh |
| Total Comprehensive Income | ₹1.43 Cr | ₹2.42 Cr | ₹2.37 Cr |
| EBITDA (computed) | ₹3.02 Cr | ₹3.88 Cr | ₹3.56 Cr |
| Basic EPS | ₹3.79 | ₹6.45 | ₹6.30 |
| Diluted EPS | ₹3.79 | ₹6.03 | ₹6.30 |
Shareholding Pattern of Apollo Finvest (India) Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 70.70%, foreign institutional investors hold 0.29%, domestic institutional investors hold 0.03%, retail and other public shareholders hold 28.97% of Apollo Finvest (India) Limited. The company had 5,391 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 70.70% | 70.70% | 70.71% | 70.71% | 70.71% | 70.71% |
| Public | 29.30% | 29.30% | 29.29% | 29.29% | 29.29% | 29.29% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 70.70% | 70.71% | 70.73% |
| Public | 29.30% | 29.29% | 29.27% |
| Promoter change (YoY, %pts) | -0.01 | -0.02 | - |
Charges & Borrowings of Apollo Finvest (India) Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Feb 2025 | Others | ₹5 Cr | Satisfied |
| 30 Jan 2025 | Others | ₹2.5 Cr | Satisfied |
| 08 Nov 2024 | Others | ₹3 Cr | Satisfied |
| 05 Nov 2024 | Others | ₹7.5 Cr | Satisfied |
| 24 Mar 2022 | Others | ₹5 Cr | Satisfied |
Total charge records: 7 View all charges
Employees and EPFO Compliance at Apollo Finvest (India) Limited
Apollo Finvest (India) Limited has a workforce of 30 employees as of Apr 06, 2024.
Employee and EPFO history for Apollo Finvest (India) Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
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GST Compliance of Apollo Finvest (India) Limited
GST registrations and filing compliance for Apollo Finvest (India) Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
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Credit Ratings, Litigation & Regulatory Alerts for Apollo Finvest (India) Limited
Credit ratings, litigation, and regulatory alerts for Apollo Finvest (India) Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Apollo Finvest (India) Limited
MSME payment history for Apollo Finvest (India) Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
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Subsidiaries & Group Companies of Apollo Finvest (India) Limited
Corporate group structure for Apollo Finvest (India) Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
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MCA Filings & Documents of Apollo Finvest (India) Limited
MCA filings and documents for Apollo Finvest (India) Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
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- Complete filing index
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Recent Activity on Apollo Finvest (India) Limited
Recent News on Apollo Finvest (India) Limited
Frequently Asked Questions about Apollo Finvest (India) Limited
Apollo Finvest (India) Limited is an active public limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 29 July 1985 (41+ years old) and is registered under CIN L51900MH1985PLC036991. Listed on BSE: 512437. The company has 30 employees.
Apollo Finvest (India) Limited reported revenue of ₹19.97 Cr for FY 2024 (down 55.01% YoY) based on standalone BSE filings.
The current directors of Apollo Finvest (India) Limited are:
- Mikhil Ramesh Innani - Managing Director
- Akash Adarsh Saxena - Director
- Paritosh Ram Khatry - Director
- Kruti Khemani - Director
- Diksha Dinesh Nangia - Whole-Time Director
- Priyanka Roy - Director
The primary industry of Apollo Finvest (India) Limited is financial services. The company specifically operates in investment and credit nbfc. The company is currently active in this sector.
Yes. Apollo Finvest (India) Limited is listed on BSE with code 512437.
Apollo Finvest (India) Limited can be reached at the registered office: 301 Plot No. B – 27 Commerce Centre Off New Link Road Near Morya House Andheri West, Mumbai, Maharashtra, India – 400053, or through the website apollofinvest.com.