About Berar Finance
Berar Finance is a Financial Services company based in Nagpur (India) founded in 1990. Diversified lending operations are conducted as an NBFI. Berar Finance has raised $40.14 million across 5 funding rounds from investors including Northern Arc Capital, Amicus Capital Partners and Abler Nordic. The company has 2,142 employees. Its website berarfinance.com draws about 37 thousand monthly visits. Its Indian entity Berar Finance Limited reported revenue of ₹358 Cr. Berar Finance offers products and services including Two Wheeler Loan, Vehicle Refinance Loan, Used Car Loan, Personal Loan, and Secured MSME Loan. Its focus areas include Consumer and SME Loans, Consumer Loans and Diversified. Its competitors include Manappuram Finance, IIFL Finance and L & T Finance Holdings; 1 of its 3 listed competitors has raised funding.
Company details
Berar Finance was established in 1990 in Nagpur, India, functioning as a non-banking financial institution focused on diversified lending. Operations encompass various credit services tailored to borrowers in the region. The company is managed by Sandeep Jawanjal as director, with activities centered on financial intermediation outside traditional banking frameworks. Geographic emphasis remains on Indian markets, supporting local economic needs through structured lending practices.
- Headquarters Nagpur, India
- Employees 2,142
- SectorsFinancial Services
- Website category Finance · Accounting and Auditing
- Email••••••••
- Website berarfinance.com
- Legal Name Berar Finance Limited
- Date of Incorporation 22 Aug, 1990
- Jurisdiction Nagpur, Maharashtra, India
- Annual Revenue₹358 Cr
FY 2026 · +21% YoY
- Net Profit₹36.23 Cr
FY 2026 · 10% margin
- EBITDA₹200 Cr
FY 2026 · 56% margin
- Total Equity Funding$40.14M (USD)
in 5 rounds
- Latest Funding Round$17M (USD), Private Equity Round
Oct 2025
- InvestorsNorthern Arc Capital
& 5 more
- Employee Count2,142
Associated legal entities of Berar Finance
Berar Finance operates through Berar Finance Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Berar Finance Limited CIN U65929MH1990PLC057829 | Active | 22 Aug 1990 | Nagpur, Maharashtra | ₹358 Cr | 2,142 | 11 | View details |
Products & Services of Berar Finance
Berar Finance offers a comprehensive portfolio of products and services, including Two Wheeler Loan, Vehicle Refinance Loan, Used Car Loan, Personal Loan, and Secured MSME Loan.
Loan for financing two-wheeler purchases
Refinancing option for existing vehicle loans
Financing for buying pre-owned cars
Unsecured loans for personal financial needs
Loans for small businesses with security
Loans secured against property assets
Investment option for fixed-term deposits
Funding Insights of Berar Finance
Berar Finance has successfully raised a total of $40.14M across 5 strategic funding rounds. The most recent funding activity was a Private Equity Round of $17 million completed in October 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $40.14M
- Total Rounds 5
- Last Round Private Equity Round — $17M
- First Round $1.24M
(Mar 2007)
- Investors Count 6
All 5 funding rounds of Berar Finance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2025 | $17M | Private Equity Round | – | Abler Nordic | |
| Mar 2022 | $13.14M | Private Equity Round | – | Maj Invest | |
| Oct 2021 | Debt – Conventional | – | – | ||
| Feb 2020 | $10M | Private Equity Round | – | Amicus Capital Partners | – |
| Mar 2007 | $1.24M | Unspecified | – | – |
6 investors in total: 5 institutional and 1 angel.
Investors in Berar Finance
Berar Finance has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Northern Arc Capital, Amicus Capital Partners and Abler Nordic.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are directed toward ESG-focused companies. | majinvest.com | Copenhagen, Denmark | ||
Investment services in financial services, consumer, healthcare, technology, and manufacturing sectors. | 2015 | amicuscapital.in | Bengaluru, India | |
Investing in financial institutions for inclusion in Africa and Asia. | 2008 | ablernordic.com | Oslo, Norway | |
Private equity investments are directed toward multiple sectors by FirstBridgeFund. | firstbridgefund.com | Mumbai, India | ||
Household and business loans are provided with risk management support. | 2006 | northernarc.com | Chennai, India | |
AK Anil Kumar | unknown_f1391a3c9fad4d33a |
Investor details for Berar Finance
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Board of directors of Berar Finance Limited (Berar Finance)
Berar Finance Limited is the primary company behind Berar Finance. The board of Berar Finance Limited currently have 9 directors; the longest-serving is Sandeep Marotrao Jawanjal, appointed in 2007. 22 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sandeep Marotrao Jawanjal DIN 01490054 | Managing Director | 01 Apr 2007 | 19 yrs 6 mo | Berar Finance Limited |
| Avishek Addy DIN 07973542 | Director | 19 Jan 2021 | 5 yrs 9 mo | Berar Finance Limited |
| Rajesh Vasudevan DIN 02711990 | Director | 23 May 2024 | 2 yrs 5 mo | Berar Finance Limited |
| Varun Bhalla DIN 09687552 | Director | 20 Sep 2024 | 2 yrs 1 mo | Berar Finance Limited |
| Annapurna Devendra Dubey DIN 08760434 | Director | 14 Nov 2024 | 1 yr 11 mo | Berar Finance Limited |
| Anvi Shirish Somaiya DIN 11102904 | Director | 27 May 2025 | 1 yr 4 mo | Berar Finance Limited |
| Vishal Kumar Gupta DIN 02368313 | Director | 30 Mar 2026 | 6 mo | Berar Finance Limited |
| Smriti Chandra DIN 07644331 | Director | 30 Mar 2026 | 6 mo | Berar Finance Limited |
| Saket Suresh Bagdia DIN 07984341 | Director | 19 May 2026 | 5 mo | Berar Finance Limited |
People of Berar Finance
14 people are tracked at Berar Finance (4 in leadership, 9 in board & advisors, 1 in team); the tracked headcount is 2,142.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership | |
Shubham Ghatole | Chief Manager - Loan Assets & Digital Development | Leadership |
Avinash Menon | Vice President Human Resources | Leadership |
Yogesh Tahalyani | Chief Financial Officer | Leadership |
M.G. Jawanjar | Executive Chairman | Board & advisors |
V.B. Pathak | Independent Director | Board & advisors |
A.D. Sarda | Independent Director | Board & advisors |
Himanshu Joshi | Independent Director | Board & advisors |
S.K. Mahakalkar | Non-Executive Director | Board & advisors |
Rashmi Mitkary | Independent Director | Board & advisors |
| Non-Executive Director | Board & advisors | |
Siva Vadivel Alagan | Non-Executive Director | Board & advisors |
Harishchandra Sukhdeve | Non-Executive Director | Board & advisors |
Sourav Shrivastava | Regional Credit Manager | Team |
Complete people profiles for Berar Finance
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Financials of Berar Finance
Figures of Berar Finance Limited, the primary company behind Berar Finance, for FY 2026. Revenue was ₹358 Cr (+21% year on year). Net profit was ₹36.23 Cr (10% margin). EBITDA was ₹200 Cr (56% margin). Revenue has grown at a compounded annual rate of +18% over three years and +22% over five years.
- ₹358 CrRevenue · FY 2026 · +21% YoY
- ₹36.23 CrNet profit · 10% margin
- ₹200 CrEBITDA · 56% margin
- ₹14.63 CrPaid-up capital
- 2,142Employees (provident fund records)
- +18%Revenue CAGR, 3 years
- +22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Berar Finance Limited are on its company page.
Detailed financial statements for Berar Finance
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Berar Finance
3 dated milestones of Berar Finance across 35 years, from founding to its latest funding, stage changes and deals.
- Founded Berar Finance is founded.
- Funding First funding round of $1.2M.
- Funding Latest funding round, Private Equity Round, of $17.0M.
Competitors of Berar Finance
Berar Finance has 3 listed competitors in our database, 1 of them funded. They include Manappuram Finance, IIFL Finance and L & T Finance Holdings.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| manappuram.com | 1992 | Valapad, India | $39.98M | 32,076 | Consumer and SME loans are provided by Manappuram Finance. | |
| iifl.com | 1995 | Mumbai, India | 16,076 | Online gold, home, personal, and business loans are provided. | ||
| ltfs.com | 1994 | Mumbai, India | 39,216 | Diversified lending services are provided as a non-banking financial institution. |
Detailed competitors of Berar Finance
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Web traffic of Berar Finance
The website of Berar Finance (berarfinance.com) receives about 37.2K visits a month and ranks #495,820 among all websites worldwide, #1,236 in Accounting and Auditing.
- Monthly visits37.2K
▼ 4.7% vs previous month
- Unique visitors19.3K
per month
- Global rank#495,820
among all websites
- Category rank#1,236
Finance · Accounting and Auditing
- Bounce rate30%
- Pages per visit7.0
- Average visit4 min 44 sec
- DevicesDesktop 3% · Mobile 97%
Websites whose visitors overlap most with Berar Finance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| herohousingfinance.com | 100% | 15.1K | #1,243,120 | View details | |
| sakthifinance.com | 81% | 4.5K | #3,779,242 | View details | |
| fivestargroup.in | 72% | 33.4K | #912,897 | View details | |
| sbfc.com | 69% | 51.9K | #414,024 | View details | |
| skfin.in | 68% | 48.3K | #481,018 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 22 similar websites and full traffic analytics for Berar Finance
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- 22 similar websites
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Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Berar Finance (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 36,520 |
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Related news about Berar Finance
Complete news archive for Berar Finance
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Frequently Asked Questions about Berar Finance
Berar Finance was founded in 1990 and raised its 1st funding round 17 years after it was founded.
Berar Finance is headquartered in Nagpur, India. It is registered at Nagpur, Maharashtra, India.
Berar Finance is a funded company, having raised a total of $40.14M across 5 funding rounds to date. The company's 1st funding round was a Unspecified of $1.24M, raised on Mar 2007.
Berar Finance has 2,142 employees.
The primary company behind Berar Finance, Berar Finance Limited, reported revenue of ₹358 Cr for FY 2026, up 21% year on year.
Berar Finance was established in 1990 in Nagpur, India, functioning as a non-banking financial institution focused on diversified lending. Operations encompass various credit services tailored to borrowers in the region. The company is managed by Sandeep Jawanjal as director, with activities centered on financial intermediation outside traditional banking frameworks. Geographic emphasis remains on Indian markets, supporting local economic needs through structured lending practices.
Berar Finance's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
Berar Finance offers Two Wheeler Loan, Vehicle Refinance Loan, Used Car Loan, Personal Loan, and 3 more products and services.
Berar Finance has 6 investors. Key investors include Northern Arc Capital, Amicus Capital Partners, Abler Nordic, Maj Invest, and FirstBridgeFund.
Berar Finance operates through Berar Finance Limited.
The legal entities of Berar Finance currently have 11 directors, including Yogesh Manoharlal Tahalyani, Sandeep Marotrao Jawanjal, Avishek Addy and others.