About Banas Finance Ltd
Data last updated:
Banas Finance Ltd is a public limited company based in Mumbai, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 06 June 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L65910MH1983PLC030142. Its GSTIN is 27AAACB2236J1ZW (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 509053.
The company has an authorised share capital of ₹203.3 Cr and a paid-up capital of ₹89.58 Cr. It was formerly known as Pioneer Leasing Company Limited. It is led by directors including Vikash Kulhriya and Chirag Goyal.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at E – 109 Crystal Plaza New Link Road Andheri (West), Mumbai, Maharashtra, India – 400053.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹59.41 Cr, a growth of 36.6% compared to the previous year. For the same year it recorded a net profit of ₹11.33 Cr (net margin 19.1%) and EBITDA of ₹12.53 Cr (EBITDA margin 21.1%). The net worth stands at ₹137.43 Cr (down 24.4% YoY). Total assets are valued at ₹138.02 Cr (down 24.4% YoY).
The company is associated with 1 brand: Banas Finance. Court records list 28 cases involving the company, including 22 filed by the company and 6 filed against it; 8 cases are pending. The company has 73 deals on record (71 market trades, 2 rights issues); the latest was in November 2024. Its 4 peer companies in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 2 smaller; the largest is Techaviom Finance Private Limited with revenue of ₹20.98 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website banasfinance.com.
Company details
Contact details
Banas Finance Ltd's registered office is in Mumbai, Maharashtra. Its website is banasfinance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressE – 109 Crystal Plaza New Link Road Andheri (West), Mumbai, Maharashtra, India – 400053
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Banas Finance Ltd, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Banas Finance operates one associated brand: Banas Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial services are offered by Banas Finance in India. | banasfinance.com |
Business activity
The main business activity of Banas Finance is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Banas Finance Ltd, buy the company report.
Financials of Banas Finance Ltd
FY 2025-26 filings availableBanas Finance Ltd reported revenue of ₹59.41 Cr (up 36.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 59.41 | 43.48 | 73.04 | 20.18 | 101 | 14.45 | 8.95 |
| Revenue growth | +36.6% | -40.5% | +261.9% | -79.9% | +596.1% | +61.5% | - |
| EBITDA | 12.53 | (17.55) | 33.13 | (100) | 91.39 | 9.79 | 2.07 |
| EBITDA margin | +21.1% | -40.4% | +45.4% | -497.0% | +90.9% | +67.8% | +23.1% |
| Profit before tax | 12.40 | (17.60) | 33.64 | (99.69) | 91.64 | 9.56 | 1.56 |
| Net profit | 11.33 | 0.28 | 4.40 | (53.58) | 69.18 | 11.67 | 1.19 |
| Net profit margin | +19.1% | +0.6% | +6.0% | -265.5% | +68.8% | +80.8% | +13.3% |
| EPS (₹) | 1.26 | 0.03 | 0.91 | (11.15) | 26.97 | 4.55 | 1.05 |
| Balance sheet | |||||||
| Total assets | 138 | 183 | 162 | 159 | 169 | 104 | 91.81 |
| Net worth | 137 | 182 | 156 | 152 | 162 | 92.98 | 81.21 |
| Total debt | 0.59 | 0.86 | 6.05 | 6.51 | 6.90 | 11.20 | 10.61 |
| Cash & bank | 8.59 | 8.78 | 7.17 | 5.60 | 11.30 | 1.61 | 7.59 |
| Net working capital | 21.03 | 33.20 | 24.28 | 22.69 | 21.84 | 7.34 | 13.17 |
| Cash flow | |||||||
| Cash from operations | 23.78 | (0.24) | (5.51) | (0.83) | 19.69 | 9.02 | 5.91 |
| Cash from investing | (25.64) | (38.52) | 7.62 | (49.19) | (5.58) | (15.34) | (3.50) |
| Cash from financing | (0.20) | 36.30 | (0.55) | 44.31 | (4.42) | 0.34 | 0.44 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.99 | 20.81 | 13.65 | 18.99 | 19.49 | 4.10 | 30.57 | 8.20 |
| Revenue growth (YoY) | -84.7% | +407.6% | -55.4% | +131.6% | +220.6% | - | - | - |
| Other income | 0.00 | 0.21 | 1.89 | 0.29 | 0.14 | 0.13 | 0.07 | 0.24 |
| EBITDA | 2.87 | 10.44 | (3.04) | 9.16 | 9.43 | (4.74) | (0.53) | (10.39) |
| EBITDA margin | +96.0% | +50.2% | -22.3% | +48.2% | +48.4% | -115.6% | -1.7% | -126.7% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.04 | 0.08 | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 |
| Profit before tax | 2.87 | 10.61 | (1.23) | 9.45 | 9.56 | (4.63) | (0.46) | (10.15) |
| Tax | 0.00 | 5.67 | 0.00 | 0.10 | 0.00 | (11.60) | (0.20) | 0.20 |
| Net profit | 2.87 | 4.94 | (1.23) | 9.35 | 9.56 | 6.97 | (0.26) | (10.35) |
| EPS (₹) | 0.56 | (0.76) | (4.54) | 1.23 | 1.19 | (0.72) | 0.08 | (1.04) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 59.41 | 43.48 | 73.04 | 20.18 | 101 | 14.45 | 8.95 |
| Revenue growth | +36.6% | -40.5% | +261.9% | -79.9% | +596.1% | +61.5% | - |
| EBITDA | 12.53 | (17.55) | 33.13 | (100) | 91.39 | 9.79 | 2.07 |
| EBITDA margin | +21.1% | -40.4% | +45.4% | -497.0% | +90.9% | +67.8% | +23.1% |
| Profit before tax | 12.40 | (17.60) | 33.64 | (99.69) | 91.64 | 9.56 | 1.56 |
| Net profit | 6.63 | (5.99) | 2.25 | (54.76) | 69.37 | 11.23 | 1.19 |
| Net profit margin | +11.2% | -13.8% | +3.1% | -271.4% | +69.0% | +77.7% | +13.3% |
| EPS (₹) | 0.74 | (0.67) | 0.47 | (11.40) | 27.04 | 4.37 | 1.05 |
| Balance sheet | |||||||
| Total assets | 136 | 171 | 160 | 158 | 169 | 104 | 91.81 |
| Net worth | 136 | 170 | 154 | 152 | 162 | 92.42 | 81.21 |
| Total debt | 0.59 | 0.86 | 6.05 | 6.51 | 6.90 | 11.20 | 10.61 |
| Cash & bank | 8.59 | 8.78 | 7.17 | 5.60 | 11.30 | 1.61 | 7.59 |
| Net working capital | 21.03 | 33.20 | 24.28 | 22.69 | 21.84 | 7.34 | 13.17 |
| Cash flow | |||||||
| Cash from operations | 23.78 | (0.24) | (5.51) | (0.83) | 19.69 | 9.02 | 5.91 |
| Cash from investing | (25.64) | (38.52) | 7.62 | (49.19) | (5.58) | (15.34) | (3.50) |
| Cash from financing | (0.20) | 36.30 | (0.55) | 44.31 | (4.42) | 0.34 | 0.44 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.99 | 20.81 | 13.65 | 18.99 | 19.49 | 4.10 | 30.57 | 8.20 |
| Revenue growth (YoY) | -84.7% | +407.6% | -55.4% | +131.6% | +221.1% | - | - | - |
| Other income | 0.00 | 0.21 | 1.89 | 0.29 | 0.14 | 0.13 | 0.07 | 0.24 |
| Total expenses | 0.12 | 10.37 | 16.69 | 9.83 | 10.06 | 8.84 | 31.10 | 18.59 |
| EBITDA | 2.87 | 10.44 | (3.04) | 9.16 | 9.43 | (4.74) | (0.53) | (10.39) |
| EBITDA margin | +96.0% | +50.2% | -22.3% | +48.2% | +48.4% | -115.6% | -1.7% | -126.7% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.04 | 0.08 | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 |
| Profit before tax | 2.87 | 10.61 | (1.23) | 9.45 | 9.56 | (4.63) | (0.46) | (10.15) |
| Tax | 0.00 | 5.67 | 0.00 | 0.10 | 0.00 | (11.60) | (0.20) | 0.20 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.99 | 20.81 | 13.65 | 18.99 | 19.49 | 4.10 | 30.57 | 8.20 |
| Revenue growth (YoY) | -84.7% | +407.6% | -55.4% | +131.6% | +220.6% | - | - | - |
| Other income | 0.00 | 0.21 | 1.89 | 0.29 | 0.14 | 0.13 | 0.07 | 0.24 |
| EBITDA | 2.87 | 10.44 | (3.04) | 9.16 | 9.43 | (4.74) | (0.53) | (10.39) |
| EBITDA margin | +96.0% | +50.2% | -22.3% | +48.2% | +48.4% | -115.6% | -1.7% | -126.7% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.04 | 0.08 | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 |
| Profit before tax | 2.87 | 10.61 | (1.23) | 9.45 | 9.56 | (4.63) | (0.46) | (10.15) |
| Tax | 0.00 | 5.67 | 0.00 | 0.10 | 0.00 | (11.60) | (0.20) | 0.20 |
| Net profit | 2.87 | 4.94 | (1.23) | 9.35 | 9.56 | 6.97 | (0.26) | (10.35) |
| EPS (₹) | 0.56 | (0.76) | (4.54) | 1.23 | 1.19 | (0.72) | 0.08 | (1.04) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 59.41 | 43.48 | 73.04 | 20.18 | 101 | 14.45 | 8.95 |
| Revenue growth | +36.6% | -40.5% | +261.9% | -79.9% | +596.1% | +61.5% | - |
| Other income | 0.08 | 0.00 | 0.60 | 0.70 | 0.36 | 0.02 | 0.00 |
| Total expenses | 46.88 | 61.03 | 39.91 | 120 | 9.20 | 4.66 | 6.88 |
| Employee cost | 2.87 | 2.25 | 1.09 | 1.22 | 0.33 | 0.28 | 0.41 |
| EBITDA | 12.53 | (17.55) | 33.13 | (100) | 91.39 | 9.79 | 2.07 |
| EBITDA margin | +21.1% | -40.4% | +45.4% | -497.0% | +90.9% | +67.8% | +23.1% |
| Depreciation | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.20 | 0.04 | 0.09 | 0.10 | 0.11 | 0.25 | 0.51 |
| Profit before tax | 12.40 | (17.60) | 33.64 | (99.69) | 91.64 | 9.56 | 1.56 |
| Tax | 5.77 | (11.61) | 31.39 | (44.93) | 22.27 | (1.67) | 0.37 |
| Net profit | 11.33 | 0.28 | 4.40 | (53.58) | 69.18 | 11.67 | 1.19 |
| Net profit margin | +19.1% | +0.6% | +6.0% | -265.5% | +68.8% | +80.8% | +13.3% |
| EPS (₹) | 1.26 | 0.03 | 0.91 | (11.15) | 26.97 | 4.55 | 1.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 89.58 | 89.58 | 48.05 | 48.05 | 25.65 | 25.65 | 11.38 |
| Reserves & surplus | 47.85 | 92.10 | 108 | 104 | 136 | 67.33 | 69.83 |
| Shareholders' funds (net worth) | 137 | 182 | 156 | 152 | 162 | 92.98 | 81.21 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.59 | 0.86 | 6.05 | 6.51 | 6.90 | 11.20 | 10.61 |
| Total debt | 0.59 | 0.86 | 6.05 | 6.51 | 6.90 | 11.20 | 10.61 |
| Total liabilities | 138 | 183 | 162 | 159 | 169 | 104 | 91.81 |
| Assets | |||||||
| Gross block | 9.20 | 9.20 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 |
| Net block | 9.06 | 9.07 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 90.53 | 128 | 112 | 89.11 | 139 | 45.00 | 20.64 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 |
| Sundry debtors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 8.59 | 8.78 | 7.17 | 5.60 | 11.30 | 1.61 | 7.59 |
| Loans & advances | 12.49 | 24.52 | 17.24 | 17.43 | 10.56 | 5.81 | 5.66 |
| Total current assets | 21.08 | 33.30 | 24.41 | 23.03 | 21.86 | 7.42 | 13.33 |
| Total current liabilities | 0.05 | 0.10 | 0.13 | 0.34 | 0.02 | 0.08 | 0.16 |
| Net working capital | 21.03 | 33.20 | 24.28 | 22.69 | 21.84 | 7.34 | 13.17 |
| Total assets | 138 | 183 | 162 | 159 | 169 | 104 | 91.81 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 4.61 | 7.06 | 5.50 | 11.20 | 1.50 | 7.48 | 4.64 |
| Net cash from operating activities | 23.78 | (0.24) | (5.51) | (0.83) | 19.69 | 9.02 | 5.91 |
| Net cash from investing activities | (25.64) | (38.52) | 7.62 | (49.19) | (5.58) | (15.34) | (3.50) |
| Net cash from financing activities | (0.20) | 36.30 | (0.55) | 44.31 | (4.42) | 0.34 | 0.44 |
| Net change in cash | (2.06) | (2.46) | 1.57 | (5.70) | 9.70 | (5.98) | 2.85 |
| Closing cash | 8.59 | 8.78 | 7.17 | 5.60 | 11.30 | 1.61 | 7.59 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +36.6% | -40.5% | +261.9% | -79.9% | +596.1% | +61.5% | - |
| EBITDA growth | +171.4% | -153.0% | +133.0% | -209.7% | +833.5% | +373.0% | - |
| PBT growth | +9998.0% | - | +9998.0% | - | +858.6% | +512.8% | +9997.0% |
| Net income growth | +3946.4% | -93.6% | +108.2% | -177.5% | +492.8% | +880.7% | - |
| Revenue CAGR (3Y) | +43.3% | -24.4% | +71.6% | +31.1% | - | - | - |
| EBITDA CAGR (3Y) | - | - | +50.1% | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +11.2% | -13.8% | +3.1% | -271.4% | +69.0% | +77.7% | +13.3% |
| Return on capital employed | +6.5% | 0.0% | +20.5% | 0.0% | +64.5% | +8.6% | +1.9% |
| Return on net worth | +3.4% | 0.0% | +1.4% | 0.0% | +52.1% | +10.9% | +1.2% |
| Debt / equity | 0.00 | 0.02 | 0.04 | 0.04 | 0.07 | 0.13 | 0.13 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 1.60 | -0.23 | 0.27 | -0.10 | 0.12 | 2.55 | 24.64 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 6.47 | 9.30 | 490.93 | 139.20 | 673.00 | 96.47 | 59.67 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 361.75 | 111.88 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 1.26 | 0.03 | 0.91 | (11.15) | 26.97 | 4.55 | 1.05 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 15.34 | 20.28 | 32.44 | 31.74 | 63.18 | 36.25 | 71.38 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.99 | 20.81 | 13.65 | 18.99 | 19.49 | 4.10 | 30.57 | 8.20 |
| Revenue growth (YoY) | -84.7% | +407.6% | -55.4% | +131.6% | +221.1% | - | - | - |
| Other income | 0.00 | 0.21 | 1.89 | 0.29 | 0.14 | 0.13 | 0.07 | 0.24 |
| Total expenses | 0.12 | 10.37 | 16.69 | 9.83 | 10.06 | 8.84 | 31.10 | 18.59 |
| EBITDA | 2.87 | 10.44 | (3.04) | 9.16 | 9.43 | (4.74) | (0.53) | (10.39) |
| EBITDA margin | +96.0% | +50.2% | -22.3% | +48.2% | +48.4% | -115.6% | -1.7% | -126.7% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.04 | 0.08 | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 |
| Profit before tax | 2.87 | 10.61 | (1.23) | 9.45 | 9.56 | (4.63) | (0.46) | (10.15) |
| Tax | 0.00 | 5.67 | 0.00 | 0.10 | 0.00 | (11.60) | (0.20) | 0.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 59.41 | 43.48 | 73.04 | 20.18 | 101 | 14.45 | 8.95 |
| Revenue growth | +36.6% | -40.5% | +261.9% | -79.9% | +596.1% | +61.5% | - |
| Other income | 0.08 | 0.00 | 0.60 | 0.70 | 0.36 | 0.02 | 0.00 |
| Total expenses | 46.88 | 61.03 | 39.91 | 120 | 9.20 | 4.66 | 6.88 |
| Employee cost | 2.87 | 2.25 | 1.09 | 1.22 | 0.33 | 0.28 | 0.41 |
| EBITDA | 12.53 | (17.55) | 33.13 | (100) | 91.39 | 9.79 | 2.07 |
| EBITDA margin | +21.1% | -40.4% | +45.4% | -497.0% | +90.9% | +67.8% | +23.1% |
| Depreciation | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.20 | 0.04 | 0.09 | 0.10 | 0.11 | 0.25 | 0.51 |
| Profit before tax | 12.40 | (17.60) | 33.64 | (99.69) | 91.64 | 9.56 | 1.56 |
| Tax | 5.77 | (11.61) | 31.39 | (44.93) | 22.27 | (1.67) | 0.37 |
| Net profit | 6.63 | (5.99) | 2.25 | (54.76) | 69.37 | 11.23 | 1.19 |
| Net profit margin | +11.2% | -13.8% | +3.1% | -271.4% | +69.0% | +77.7% | +13.3% |
| EPS (₹) | 0.74 | (0.67) | 0.47 | (11.40) | 27.04 | 4.37 | 1.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 89.58 | 89.58 | 48.05 | 48.05 | 25.65 | 25.65 | 11.38 |
| Reserves & surplus | 45.95 | 80.23 | 106 | 104 | 136 | 66.77 | 69.83 |
| Shareholders' funds (net worth) | 136 | 170 | 154 | 152 | 162 | 92.42 | 81.21 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.59 | 0.86 | 6.05 | 6.51 | 6.90 | 11.20 | 10.61 |
| Total debt | 0.59 | 0.86 | 6.05 | 6.51 | 6.90 | 11.20 | 10.61 |
| Total liabilities | - | - | 160 | 158 | 169 | 104 | 91.81 |
| Assets | |||||||
| Gross block | 9.20 | 9.20 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 |
| Net block | 9.06 | 9.07 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 88.63 | 116 | 110 | 88.45 | 138 | 44.44 | 20.64 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 |
| Sundry debtors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 8.59 | 8.78 | 7.17 | 5.60 | 11.30 | 1.61 | 7.59 |
| Loans & advances | 12.49 | 24.52 | 17.24 | 17.43 | 10.56 | 5.81 | 5.66 |
| Total current assets | 21.08 | 33.30 | 24.41 | 23.03 | 21.86 | 7.42 | 13.33 |
| Total current liabilities | 0.05 | 0.10 | 0.13 | 0.34 | 0.02 | 0.08 | 0.16 |
| Net working capital | 21.03 | 33.20 | 24.28 | 22.69 | 21.84 | 7.34 | 13.17 |
| Total assets | 136 | 171 | 160 | 158 | 169 | 104 | 91.81 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 4.61 | 7.06 | 5.50 | 11.20 | 1.50 | 7.48 | 4.64 |
| Net cash from operating activities | 23.78 | (0.24) | (5.51) | (0.83) | 19.69 | 9.02 | 5.91 |
| Net cash from investing activities | (25.64) | (38.52) | 7.62 | (49.19) | (5.58) | (15.34) | (3.50) |
| Net cash from financing activities | (0.20) | 36.30 | (0.55) | 44.31 | (4.42) | 0.34 | 0.44 |
| Net change in cash | (2.06) | (2.46) | 1.57 | (5.70) | 9.70 | (5.98) | 2.85 |
| Closing cash | 8.59 | 8.78 | 7.17 | 5.60 | 11.30 | 1.61 | 7.59 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +36.6% | -40.5% | +261.9% | -79.9% | +596.1% | +61.5% | - |
| EBITDA growth | +171.4% | -153.0% | +133.0% | -209.7% | +833.5% | +373.0% | - |
| PBT growth | +9998.0% | - | +9998.0% | - | +858.6% | +512.8% | +9998.0% |
| Net income growth | +210.7% | -366.2% | +104.1% | -178.9% | +517.7% | +843.7% | - |
| Revenue CAGR (3Y) | +43.3% | -24.4% | +71.6% | +31.1% | +93.6% | +50.1% | -2.1% |
| EBITDA CAGR (3Y) | - | - | +50.1% | - | - | +302.6% | - |
| Profitability & leverage | |||||||
| Net income margin | +11.2% | -13.8% | +3.1% | -271.4% | +69.0% | +77.7% | +13.3% |
| Return on capital employed | +6.7% | 0.0% | +20.6% | 0.0% | +64.6% | +8.6% | +2.1% |
| Return on net worth | +3.5% | 0.0% | +1.4% | 0.0% | +52.2% | +10.9% | +1.3% |
| Debt / equity | 0.00 | 0.02 | 0.04 | 0.04 | 0.07 | 0.13 | 0.13 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 1.60 | -0.23 | 0.27 | -0.10 | 0.12 | 2.55 | 24.64 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 6.47 | 9.30 | 490.93 | 139.20 | 673.00 | 96.47 | 59.67 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 361.75 | 66.30 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 0.74 | (0.67) | 0.47 | (11.40) | 27.04 | 4.37 | 1.05 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 15.13 | 18.96 | 32.07 | 31.60 | 63.08 | 36.03 | 71.38 |
To see the full year-wise statements and ratios of Banas Finance Ltd, buy the company report.
Board of directors of Banas Finance Ltd
Banas Finance has 7 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikash Kulhriya Also directs: Tilak Ventures Limited | Director | 31 Dec 2020 | 5 Years 9 Months | Current |
| Chirag Goyal Also directs: Tilak Ventures Limited | Director | 31 Dec 2020 | 5 Years 9 Months | Current |
| Girraj Kishor Agrawal Also directs: Tilak Ventures Limited, Stoneking Infrastructure Aggregates Private Limited, Hunnar Jewels Limited and 3 more | Director | 02 Jun 2010 | 16 Years 4 Months | Current |
| Ashish Kachhara Also directs: Tilak Ventures Limited, Hunnar Jewels Limited | Director | 29 Aug 2022 | 4 Years 1 Months | Current |
| Tanu Giriraj Agarwal | Director | 13 Oct 2016 | 10 Years 0 Months | Current |
| Anant Chourasia Also directs: Equilateral Enterprises Limited, Indian Infotech and Software Limited, Indian Theme Digital Webtech Private Limited and 2 more | Director | 30 May 2024 | 2 Years 4 Months | Current |
Peer comparison
Banas Finance Ltd is compared with the 4 companies closest to it by revenue in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Banas Finance Ltdthis company | ₹59.41 Cr (FY 2026) | ₹11.33 Cr | 19.1% | 36.6% | Mumbai, Maharashtra, India | |
| Techaviom Finance Private Limited | ₹20.98 Cr (FY 2025) | 80.0% | New Delhi, Delhi, India | |||
| Amar Securities Pvt.Ltd. | ₹20.89 Cr (FY 2025) | -2.0% | Kolkata, West Bengal, India | |||
| Jaikarni Holdings Private Ltd | ₹20.84 Cr (FY 2024) | 46.0% | Kolkata, West Bengal, India | |||
| Mansoul Commercial Pvt.Ltd. | ₹20.81 Cr (FY 2025) | 144.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Banas Finance Ltd, buy the company report.
Auditor
Banas Finance Ltd is audited by PRAVIN CHANDAK & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRAVIN CHANDAK & ASSOCIATES | FY 2019 | 116627W |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 26.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 73.40%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 26.60% | 26.60% | 26.60% | 26.60% |
| Public | 73.40% | 73.40% | 73.40% | 73.40% |
Deals & funding
Banas Finance Ltd has 73 deals on record (71 market trades, 2 rights issues); the latest was in November 2024.
Deals on record (5 of 73)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2024 | Market trade | ₹52.2 Lakh | Buyer: Jr Seamless Private Limited |
| May 2024 | Market trade | ₹1.24 Cr | Seller: Jr Seamless Private Limited |
| Oct 2023 | Market trade | ₹77.6 Lakh | Buyer: Jr Seamless Private Limited |
| Oct 2023 | Market trade | ₹69.1 Lakh | Buyer: Jr Seamless Private Limited |
| Oct 2023 | Market trade | ₹48.4 Lakh | Buyer: Prismx Global Ventures Limited |
To see the full deal history of Banas Finance Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Banas Finance Ltd has 28 court cases on record: 22 filed by Banas Finance, 6 filed against it. 8 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 2 | 3 |
| District courts | 5 | 0 | 5 |
| Supreme Court | 4 | 4 | 0 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Om Ganesh Multi Trading Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Om Ganesh Exim Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against an individual | Pending |
| High Court | Writ petition | Filed by the company against The Assistant Comissioner of Income Tax, Central Circle 8( and 2 others | Pending |
To see the full case history of Banas Finance Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Banas Finance Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Banas Finance has 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
GST
Banas Finance has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB2236J1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Banas Finance Ltd, buy the company report.
Recent activity
Banas Finance Ltd has 29 board changes on record since 2010: 7 appointments and 22 cessations. The latest: Mayank Borana was appointed as Director on 29 Aug 2025.
20 earlier events are in the company report.
News
Frequently asked questions
Banas Finance is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 06 June 1983 (43+ years old) and is registered under CIN L65910MH1983PLC030142. Listed on BSE: 509053.
Banas Finance reported revenue of ₹59.41 Cr for FY 2025-26 (up 36.6% YoY) based on consolidated financials.
Banas Finance has 7 current directors:
- Vikash Kulhriya - Director
- Chirag Goyal - Director
- Girraj Kishor Agrawal - Director
- Ashish Kachhara - Director
- Tanu Giriraj Agarwal - Director
- Anant Chourasia - Director
- Mayank Borana - Director
The latest financial statements of Banas Finance on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Banas Finance is 27AAACB2236J1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Banas Finance is L65910MH1983PLC030142. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Banas Finance is a listed company as per MCA records. Its shares are listed on BSE (code: 509053).
Banas Finance has 28 court cases on record: 22 filed by the company and 6 filed against it. 8 are pending. Most are in the high courts.
Banas Finance was incorporated on 06 June 1983, making it 43+ years old. It is registered with the Registrar of Companies, Mumbai.
Banas Finance has 73 deals on record (71 market trades, 2 rights issues); the latest was in November 2024.
The peers of Banas Finance by revenue are Techaviom Finance Private Limited, Amar Securities Pvt.Ltd, Jaikarni Holdings Private Ltd, Mansoul Commercial Pvt.Ltd, all in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).