About evfin
evfin is a Financial Services company based in Mumbai (India) founded in 2023. It offers tailored financing solutions for electric vehicle purchases and ownership. It operates on a B2C model in Financial Services and Technology sectors. Its website evfin.co draws about 17 thousand monthly visits. Its Indian entity Greaves Finance Limited reported revenue of ₹18.17 Cr. evfin offers products and services including zip.fin, eco.fin, smart.fin, ride.fin, and protect.fin. Its focus areas include FinTech, Sustainability Tech, Green Financing and EV Lifecycle Services. Its competitors include RevFin, Finayo and ProsParity; 3 of its 3 listed competitors have raised funding.
Company details
evfin, powered by Greaves Finance, specializes in providing affordable financing for electric vehicles across India. They use cutting-edge technology to offer personalized options like quick loans and extended warranties. Based in Mumbai, the company serves individual buyers and commuters, promoting sustainable transportation through products such as zip.fin and eco.fin. Their services include loan tenures up to 60 months and buyback options, making EV ownership accessible and efficient.
- Annual Revenue₹18.17 Cr
FY 2025 · +199% YoY
- Net Loss-₹7.99 Cr
FY 2025 · -44% margin
- EBITDA-₹5.77 Cr
FY 2025 · -32% margin
Associated legal entities of evfin
evfin is associated with 2 registered companies on The Company Check; the primary company is Greaves Finance Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Greaves Finance Limited CIN U29299MH1958PLC011250 | Active | 31 Dec 1958 | Mumbai, Maharashtra | ₹18.2 Cr | 42 | 11 | View details |
| Greaves Cotton Limited Listed CIN L99999MH1922PLC000987 | Active | 29 Mar 1922 | Aurangabad, Maharashtra | ₹3,487 Cr | 381 | 10 | View details |
Products & Services of evfin
evfin offers a comprehensive portfolio of products and services, including zip.fin, eco.fin, smart.fin, ride.fin, and protect.fin.
Provides fast checkout for impulsive EV buyers.
Offers classic finance options for traditional buyers.
Enables early adopters to upgrade EVs with buyback.
Delivers low-cost options for daily commuters.
Includes warranties for seekers of vehicle reliability.
Board of directors of Greaves Finance Limited (evfin)
Greaves Finance Limited is the primary company behind evfin. The boards of the 2 registered companies of evfin currently have 15 directors; the longest-serving is Karan Thapar, appointed in 1991. 63 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Karan Thapar DIN 00004264 | Director | 29 Sep 1991 | 35 yrs 1 mo | Greaves Cotton Limited |
| Ravi Moti Kirpalani DIN 02613688 | Director | 12 May 2022 | 4 yrs 6 mo | Greaves Cotton Limited |
| Raja Venkataraman DIN 00669376 | Director | 09 Feb 2023 | 3 yrs 9 mo | Greaves Cotton Limited |
| Akhila Balachandar DIN 07676670 | Nominee Director | 05 May 2023 | 3 yrs 6 mo | Greaves Finance Limited |
| Sunilkumar Balasubramanniam Puthucode DIN 02911135 | Whole-time director | 06 Jan 2024 | 2 yrs 10 mo | Greaves Finance Limited |
| Mangalath Sukumarapanicker Unnikrishnan DIN 01460245 | Director | 01 Apr 2024 | 2 yrs 7 mo | Greaves Cotton Limited |
| Bidadi Anjani Kumar DIN 00022417 | Director | 17 May 2024 | 2 yrs 5 mo | Greaves Finance Limited |
| Sanjiv Bhasin DIN 00001575 | Additional Director | 05 Nov 2024 | 2 yrs | Greaves Finance Limited |
| Kavita Nair DIN 07771200 | Director | 23 Jan 2025 | 1 yr 9 mo | Greaves Cotton Limited |
| Parag Parshuram Satpute DIN 06872200 | Managing Director | 14 Apr 2025 | 1 yr 7 mo | Greaves Cotton Limited |
| Jehangir Ardeshir DIN 02344835 | Director | 01 Aug 2025 | 1 yr 3 mo | Greaves Cotton Limited |
| Shefali Bairaria Suri DIN 10111635 | Additional Director | 10 Oct 2025 | 1 yr 1 mo | Greaves Finance Limited |
| Atindra Nath Basu DIN 07048133 | Additional Director | 12 Nov 2025 | 1 yr | Greaves Finance Limited |
| Ravindra Pandey DIN 07188637 | Additional Director | 06 Feb 2026 | 9 mo | Greaves Finance Limited |
| Manish Poddar DIN 00124176 | Nominee Director | 15 Apr 2026 | 7 mo | Greaves Finance Limited |
People of evfin
3 people are tracked at evfin (2 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
P. B. Sunil Kumar | Executive Director & Chief Executive Officer | Leadership |
Girish Nair | Business Head | Leadership |
Aastha Rastogi | Sr. Product Manager- Tech | Team |
Complete people profiles for evfin
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Financials of evfin
Figures of Greaves Finance Limited, the primary company behind evfin, for FY 2025. Revenue was ₹18.17 Cr (+199% year on year). Net loss was -₹7.99 Cr (-44% margin). EBITDA was -₹5.77 Cr (-32% margin). Revenue has grown at a compounded annual rate of +161% over three years and +106% over five years.
- ₹18.17 CrRevenue · FY 2025 · +199% YoY
- -₹7.99 CrNet loss · -44% margin
- -₹5.77 CrEBITDA · -32% margin
- ₹57 LakhPaid-up capital
- 42Employees (provident fund records)
- +161%Revenue CAGR, 3 years
- +106%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Greaves Finance Limited are on its company page.
Detailed financial statements for evfin
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Competitors of evfin
evfin has 3 listed competitors in our database, 3 of them funded. They include RevFin, Finayo and ProsParity.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| revfin.in | 2018 | Delhi, India | $30.28M | 114 | Provider of an internet-first lender for EV financing services | |
| finayo.tech | 2020 | Noida, India | $2.04M | Electric vehicle financing is enabled through an AI-powered SaaS platform. | ||
| prosparity.in | 2023 | Mumbai, India | $2M | 25 | A digital lending platform for electric vehicle financing is provided. |
Detailed competitors of evfin
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Web traffic of evfin
The website of evfin (evfin.co) receives about 16.7K visits a month.
- Monthly visits16.7K
▼ 24.7% vs previous month
Top companies in Climate & Green FinTech
2 companies that operate in the same segment as evfin (Climate & Green FinTech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of microloans | 2010 | Delhi, Delhi, India | USD 71.68 M | 12,403 | ||
Venture capital investing in innovative startups across technology sectors. | 2008 | Bengaluru, Karnataka, India |
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Related news about Evfin
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Frequently Asked Questions about evfin
evfin was founded in 2023.
evfin is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind evfin, Greaves Finance Limited, reported revenue of ₹18.17 Cr for FY 2025, up 199% year on year.
evfin, powered by Greaves Finance, specializes in providing affordable financing for electric vehicles across India. They use cutting-edge technology to offer personalized options like quick loans and extended warranties. Based in Mumbai, the company serves individual buyers and commuters, promoting sustainable transportation through products such as zip.fin and eco.fin. Their services include loan tenures up to 60 months and buyback options, making EV ownership accessible and efficient.
evfin's top competitors include RevFin, ProsParity and Finayo.
evfin offers zip.fin, eco.fin, smart.fin, ride.fin, and protect.fin.
evfin is associated with 2 legal entities: Greaves Finance Limited, Greaves Cotton Limited.
The legal entities of evfin currently have 17 directors, including Sunilkumar Balasubramanniam Puthucode, Akhila Balachandar, Sanjiv Bhasin and others.