About Greaves Finance
Greaves Finance is a Financial Services company based in Mumbai (India) founded in 2019. It offers personalized finance solutions for electric vehicle purchases and ownership in India. It operates on a B2C model. Its Indian entity Greaves Finance Limited reported revenue of ₹18.17 Cr. Greaves Finance offers products and services including zip.fin, eco.fin, smart.fin, ride.fin, and protect.fin. Its focus areas include FinTech, Lending, EV Finance and Consumer Loans. Similar companies include Hinduja Leyland Finance, Bajaj Auto Finance and OTO; 3 of its 3 listed similar companies have raised funding.
Company details
evfin, powered by Greaves Finance, is an NBFC dedicated to electric vehicle financing in India. It uses innovative technology to provide seamless, customized loan options like zip.fin for quick buyers and eco.fin for value seekers. The company supports the entire EV ownership lifecycle, from purchase to upgrades, with nationwide presence. Based in Mumbai, it serves individual consumers aiming for sustainable mobility, fostering EV adoption through affordable and tailored services.
- Headquarters Mumbai, India
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website greavesfinance.com
- Social LinkedIn
- Legal Name Greaves Finance Limited
- Date of Incorporation 31 Dec, 1958
- Jurisdiction Mumbai, Maharashtra, India
- 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 Greaves Finance
Greaves Finance 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 Greaves Finance
Greaves Finance offers a comprehensive portfolio of products and services, including zip.fin, eco.fin, smart.fin, ride.fin, and protect.fin.
Financing for impulsive EV buyers with fast checkout and low interest rates.
Classic loan options for traditional EV purchasers with up to 90% funding.
Options for early adopters to upgrade EVs with assured buyback after 36 months.
Low EMI loans for commuters with flexible return or extension options.
Funding including warranties for EV buyers seeking battery life assurance.
Board of directors of Greaves Finance Limited (Greaves Finance)
Greaves Finance Limited is the primary company behind Greaves Finance. The boards of the 2 registered companies of Greaves Finance 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 |
Financials of Greaves Finance
Figures of Greaves Finance Limited, the primary company behind Greaves Finance, 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 Greaves Finance
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Similar companies to Greaves Finance
Greaves Finance has 3 listed similar companies in our database, 3 of them funded. They include Hinduja Leyland Finance, Bajaj Auto Finance and OTO.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hindujaleylandfinance.com | 2008 | Chennai, India | $276.07M | 14,664 | Vehicle and housing finance products are offered across India. | |
| bajajautofinance.com | 1987 | Pune, India | $10M | 109,163 | Auto finance loans are provided for two-wheelers, three-wheelers, and cars. | |
| otocapital.in | 2018 | Bengaluru, India | $29.66M | 229 | Two-wheeler loans are provided via a fintech platform for purchases. |
Detailed similar companies of Greaves Finance
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Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Greaves 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 204.93 M | 1,634 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 167 |
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Frequently Asked Questions about Greaves Finance
Greaves Finance was founded in 2019.
Greaves Finance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Greaves Finance, Greaves Finance Limited, reported revenue of ₹18.17 Cr for FY 2025, up 199% year on year.
evfin, powered by Greaves Finance, is an NBFC dedicated to electric vehicle financing in India. It uses innovative technology to provide seamless, customized loan options like zip.fin for quick buyers and eco.fin for value seekers. The company supports the entire EV ownership lifecycle, from purchase to upgrades, with nationwide presence. Based in Mumbai, it serves individual consumers aiming for sustainable mobility, fostering EV adoption through affordable and tailored services.
Greaves Finance's top competitors include Hinduja Leyland Finance, Bajaj Auto Finance and OTO.
Greaves Finance offers zip.fin, eco.fin, smart.fin, ride.fin, and protect.fin.
Greaves Finance is associated with 2 legal entities: Greaves Finance Limited, Greaves Cotton Limited.
The legal entities of Greaves Finance currently have 17 directors, including Sunilkumar Balasubramanniam Puthucode, Akhila Balachandar, Sanjiv Bhasin and others.