Banas Finance Ltd - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 1983.

1983 Mumbai, Maharashtra, India Active

Last Updated: January 04, 2026

About Banas Finance Ltd

Banas Finance Ltd, a active public limited company, was established on 06 June 1983 in Mumbai, Maharashtra, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: L65910MH1983PLC030142. Registered under ROC Roc Mumbai. it is listed on BSE: 509053. It has an authorized capital of ₹203.30 Cr and a paid-up capital of ₹89.58 Cr.

Formerly known as Pioneer Leasing Company Limited. It upholds a compliant status. In 2024, it reported revenue of ₹73.64 Cr and a net worth of ₹154.07 Cr. Its leadership includes Vikash Kulhriya (Director), Girraj Kishor Agrawal (Director), Ashish Kachhara (Director). Past directors included Shaival Dharmendra Gandhi, Tushar Ramchandra Rane, Babita Amit Mehta. Its latest AGM occurred on 29 September 2025, with the balance sheet filed on 31 March 2024. It is based at E-109, Crystal Plaza, New Link Road, Andheri (West),, Mumbai, Maharashtra, 400053.

Company Details

CIN/LLPIN
L65910MH1983PLC030142
Registration Number
030142
Incorporation Date
06 June 1983
Authorized Capital
₹203.30 Cr
Paid-Up Capital
₹89.58 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 509053)
Company Status
Active

Key Metrics

Authorised Capital ₹ 203.30 Cr as on 04-01-2026
Paid Up Capital ₹ 89.58 Cr as on 04-01-2026
Company Age 42 Year, 8 Months
Last Filing with ROC 31 Mar 2024
Revenue Growth **** 252.69% (FY 2024)
Profit Growth **** 104.11% (FY 2024)
Ebitda **** 133.86% (FY 2024)
Net Worth 1.48% (FY 2024)
Total Assets **** 4.43% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Banas Finance Ltd — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Banas Finance Ltd?

Current Directors

Name	Designation	Appointment Date	Status
Vikash Kulhriya	Director	31 Dec 2020	Current
Girraj Kishor Agrawal	Director	02 Jun 2010	Current
Ashish Kachhara	Director	29 Aug 2022	Current
Tanu Giriraj Agarwal	Director	13 Oct 2016	Current
Anant Chourasia	Director	30 May 2024	Current
Mayank Borana	Additional Director	29 Aug 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	30 Sep 2014	Past
Pramod Abcsdd	Additional Director	24 Mar 2015	Past
Pramod Abcsdd	Cfo	-	Past
Pramod Abcsdd	Cfo(Kmp)	02 Feb 2018	Past
Pramod Abcsdd	Additional Director	27 Jul 2017	Past
Pramod Abcsdd	Additional Director	15 May 2017	Past

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Financial Performance of Banas Finance.

Banas Finance Ltd, for the financial year ended 2024, experienced significant growth in revenue, with a 252.69% increase. The company also saw a substantial improvement in profitability, with a 104.11% increase in profit. The company's net worth moved up by a moderate rise of 1.48%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

252.69%

*******

Revenue from Operations

*******

262.86%

*******

Total Assets

*******

4.43%

*******

Profit or Loss

*******

104.11%

*******

Net Worth

*******

1.48%

*******

EBITDA

*******

133.86%

*******

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What is the Ownership and Shareholding Structure of Banas Finance?

In 2024, Banas Finance had a promoter holding of 17.59% and a public holding of 82.41%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Banas Finance?

Unlock and access historical data on people associated with Banas Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Banas Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Banas Finance's trajectory.

Rating

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Alerts

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Latest Updates, News, and FAQs on Banas Finance

Recent Activity within the Organization

Annual General Meeting

Banas Finance Ltd last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records. was recorded as a recent event.
29 Sep 2025
Director Appointment

The activity Mayank Borana was appointed as a Additional Director was appointed as a Additional Director on 29 Aug 2025 & has been associated with this company since 5 months 15 days . was completed.
29 Aug 2025
Director Appointment

The activity Amit Jayantilal Mehta was appointed as a Cfo was appointed as a Cfo on 12 Jun 2024 & has been associated with this company since 1 year 8 months . was completed.
12 Jun 2024
Director Appointment

Anant Chourasia was appointed as a Director was appointed as a Director on 30 May 2024 & has been associated with this company since 1 year 8 months . was recorded as a recent event.
30 May 2024
Balance Sheet

Progress on Banas Finance Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was documented.
31 Mar 2024
Director Appointment

Tanu Giriraj Agarwal was appointed as a Ceo was appointed as a Ceo on 07 Mar 2024 & has been associated with this company since 1 year 11 months . was recorded as a recent event.
07 Mar 2024

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