About Berar Finance
Berar Finance is a company based in Nagpur (India) founded in 1990. Berar Finance has raised $41.38 million across 5 funding rounds from investors including Northern Arc Capital, Amicus Capital Partners and Abler Nordic. The company has 2,142 employees as of August 26, 2025. Berar Finance offers products and services including Two Wheeler Loan, Vehicle Refinance Loan, Used Car Loan, Personal Loan, and Secured MSME Loan. Berar Finance operates in a competitive market with competitors including Manappuram Finance, IIFL Finance, L & T Finance Holdings, Bajaj Finserv and Northern Arc Capital, among others.
- Headquarter Nagpur, India
- Employees 2142 as on 26 Aug, 2025
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Berar Finance Limited
- Date of Incorporation 22 Aug, 1990
- Jurisdiction Nagpur, Maharashtra, India
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Annual Revenue
$15.63 M (USD)27.5as on Mar 31, 2020
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Net Profit
$2.31 M (USD)14.9as on Mar 31, 2020
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EBITDA
$9.62 M (USD)22.31as on Mar 31, 2020
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Total Equity Funding
$41.38 M (USD)
in 5 rounds
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Latest Funding Round
$17 M (USD), Private Equity Round
Oct 22, 2025
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Investors
Northern Arc Capital
& 5 more
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Employee Count
2142
as on Aug 26, 2025
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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
People of Berar Finance
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Funding Insights of Berar Finance
Berar Finance has successfully raised a total of $41.38M 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 Total Funding
- Total Rounds 5
- Last Round Private Equity Round — $17.0M
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First Round
First Round
(31 Mar 2007)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2025 | Amount | Private Equity Round - Berar Finance | Valuation | Abler Nordic | |
| Mar, 2022 | Amount | Private Equity Round - Berar Finance | Valuation | Maj Invest | |
| Oct, 2021 | Amount | Debt – Conventional - Berar Finance | Valuation |
investors |
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 |
|---|---|---|---|---|
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Private equity investments are directed toward ESG-focused companies.
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Founded Year | Domain | Location | |
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Investment services in financial services, consumer, healthcare, technology, and manufacturing sectors.
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Founded Year | Domain | Location | |
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Investing in financial institutions for inclusion in Africa and Asia.
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Founded Year | Domain | Location |
Investments & Acquisitions by Berar Finance
Financial Statements - Berar Finance
Berar Finance Comparisons
Competitors of Berar Finance
Berar Finance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Manappuram Finance, IIFL Finance, L & T Finance Holdings, Bajaj Finserv and Northern Arc Capital, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consumer and SME loans are provided by Manappuram Finance.
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| domain | founded_year | HQ Location |
Online gold, home, personal, and business loans are provided.
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| domain | founded_year | HQ Location |
Diversified lending services are provided as a non-banking financial institution.
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| domain | founded_year | HQ Location |
Financial solutions including loans and insurance are offered.
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| domain | founded_year | HQ Location |
Household and business loans are provided with risk management support.
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| domain | founded_year | HQ Location |
Consumer and SME loans are provided by Mahindra 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 $41.38M across 5 funding rounds to date.
As of Aug 26, 2025, the latest employee count at Berar Finance is 2,142.
Annual revenue of Berar Finance is $15.63M as on Mar 31, 2020.
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 Bajaj Finserv.
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.