About Shanghvi Finance
Shanghvi Finance was a Financial Services company based in Mumbai (India) founded in 1989. It operates as a Non-Banking Financial Company offering business loans. It operates on a B2B model. The company has 11 employees. Its Indian entity Shanghvi Finance Private Limited reported revenue of ₹5,059 Cr. The company is recorded as dissolved. Its focus areas include Finance, Banking, Non-Banking Financial Services and Business Loans. Similar companies include Manappuram Finance, L & T Finance Holdings and IIFL Finance; 1 of its 3 listed similar companies has raised funding.
Company details
Shanghvi Finance, founded in 1989 in Mumbai, India, focuses on finance, banking, non-banking financial services, and business loans. Operates as a Non-Banking Financial Company offering business loans. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Mumbai, India
- Employees 11
- SectorsFinancial Services
- Website shanghvifinance.com
- Legal Name Shanghvi Finance Private Limited
- Date of Incorporation 21 Aug, 1989
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹5,059 Cr
FY 2024 · +118% YoY
- Net Profit₹613 Cr
FY 2024
- EBITDA₹96.60 Cr
FY 2024 · 2% margin
- Employee Count11
Associated legal entities of Shanghvi Finance
Shanghvi Finance operates through Shanghvi Finance Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shanghvi Finance Private Limited CIN U65910MH1989PTC053111 | Active | 21 Aug 1989 | Mumbai, Maharashtra | ₹5,059 Cr | 11 | 2 | View details |
Board of directors of Shanghvi Finance Private Limited (Shanghvi Finance)
Shanghvi Finance Private Limited is the primary company behind Shanghvi Finance. The board of Shanghvi Finance Private Limited currently have 2 directors; the longest-serving is Paras Bhaskarrai Mehta, appointed in 2025. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Paras Bhaskarrai Mehta DIN 00007639 | Additional Director | 21 Apr 2025 | 1 yr 6 mo | Shanghvi Finance Private Limited |
| Swati Chetan Jagetia DIN 08610199 | Additional Director | 01 Dec 2025 | 10 mo | Shanghvi Finance Private Limited |
Financials of Shanghvi Finance
Figures of Shanghvi Finance Private Limited, the primary company behind Shanghvi Finance, for FY 2024. Revenue was ₹5,059 Cr (+118% year on year). Net profit was ₹613 Cr. EBITDA was ₹96.60 Cr (2% margin). Revenue has grown at a compounded annual rate of +56% over three years and -12% over five years.
- ₹5,059 CrRevenue · FY 2024 · +118% YoY
- ₹613 CrNet profit
- ₹96.60 CrEBITDA · 2% margin
- ₹87.3 LakhPaid-up capital
- 11Employees (provident fund records)
- +56%Revenue CAGR, 3 years
- -12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Shanghvi Finance Private Limited are on its company page.
Detailed financial statements for Shanghvi Finance
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Similar companies to Shanghvi Finance
Shanghvi Finance has 3 listed similar companies in our database, 1 of them funded. They include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
| 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. | |
| ltfs.com | 1994 | Mumbai, India | 39,216 | Diversified lending services are provided as a non-banking financial institution. | ||
| iifl.com | 1995 | Mumbai, India | 16,076 | Online gold, home, personal, and business loans are provided. |
Detailed similar companies of Shanghvi Finance
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Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Shanghvi 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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Frequently Asked Questions about Shanghvi Finance
Shanghvi Finance was founded in 1989.
Shanghvi Finance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Shanghvi Finance has 11 employees.
The primary company behind Shanghvi Finance, Shanghvi Finance Private Limited, reported revenue of ₹5,059 Cr for FY 2024, up 118% year on year.
Shanghvi Finance, founded in 1989 in Mumbai, India, focuses on finance, banking, non-banking financial services, and business loans. Operates as a Non-Banking Financial Company offering business loans. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Shanghvi Finance's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
Shanghvi Finance operates through Shanghvi Finance Private Limited.
The legal entities of Shanghvi Finance currently have 2 directors, including Paras Bhaskarrai Mehta, Swati Chetan Jagetia.