About Berar Finance Limited
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Berar Finance Limited is a public limited company based in Nagpur, Maharashtra, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 22 August 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U65929MH1990PLC057829. Its GSTIN is 27AAACB5861B1Z0 (Maharashtra). The company holds 8 GST registrations, all of them active.
The company has an authorised share capital of ₹17.32 Cr and a paid-up capital of ₹14.63 Cr. It was formerly known as Berar Finance Private Limited. It is led by directors including Sandeep Marotrao Jawanjal (Managing Director) and Avishek Addy.
Its last annual general meeting (AGM) was held on 16 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Avinisha Towermehadia Chowk Dhantoli, Nagpur, Maharashtra, India – 440012.
As per the financials filed for FY 2026, the company reported a revenue of ₹357.96 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹36.23 Cr (net margin 10.1%) and EBITDA of ₹199.5 Cr (EBITDA margin 55.7%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 22% over five years.
The company has about 2,142 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Berar Finance. As per MCA filings, the company has open charges of ₹2,302.15 Cr and satisfied charges of ₹1,924.74 Cr on record. Court records list 4,095 cases involving the company, including 4,065 filed by the company and 30 filed against it; 564 cases are pending. The company has 10 deals on record (9 funding rounds, 1 rights issue), with disclosed funding of ₹302.01 Cr; the latest was in October 2025. Its 7 peer companies in the BFSI industry (Asset Financing Companies, Deposit Taking NBFC, Finance), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 4 smaller; the largest is Suntrack Commerce Private Limited with revenue of ₹298.54 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 berarfinance.com.
Company details
CIN history
Berar Finance has one previous CIN (Corporate Identification Number): U65929MH1990PTC057829. The current CIN is U65929MH1990PLC057829, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65929MH1990PLC057829 | Current |
| U65929MH1990PTC057829 | Previous |
Contact details
Berar Finance Limited's registered office is in Nagpur, Maharashtra. Its website is berarfinance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAvinisha Towermehadia Chowk Dhantoli, Nagpur, Maharashtra, India – 440012
- IndustryFinancial Services, Investment & Credit NBFC, NBFC, Asset Financing Companies
To see the full contact details of Berar Finance Limited, 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
Berar Finance operates one associated brand: Berar Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified lending operations are conducted as an NBFI. | berarfinance.com |
Business activity
The main business activity of Berar 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 Berar Finance Limited, buy the company report.
Financials of Berar Finance Limited
FY 2026 filings availableBerar Finance Limited reported revenue of ₹357.96 Cr (up 21% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 21% growth in the latest year. EBITDA rose 12% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹357.96 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
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| Total Expenses | |||||
| EBITDA | ₹199.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹36.23 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 55.7% | ||||
| Net Profit Margin | 10.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Inventory Days | |||||
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To see the full financial statements and ratios of Berar Finance Limited, buy the company report.
Board of directors of Berar Finance Limited
Berar Finance has 9 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Marotrao Jawanjal | Managing Director | 01 Apr 2007 | 19 Years 6 Months | Current |
| Avishek Addy | Director | 19 Jan 2021 | 5 Years 9 Months | Current |
| Anvi Shirish Somaiya | Director | 27 May 2025 | 1 Years 4 Months | Current |
| Varun Bhalla Also directs: Varisio Solutions LLP | Director | 20 Sep 2024 | 2 Years 1 Months | Current |
| Rajesh Vasudevan | Director | 23 May 2024 | 2 Years 5 Months | Current |
| Annapurna Devendra Dubey Also directs: Unified Data- Tech Solutions Limited, J L Morison (India) Limited | Director | 14 Nov 2024 | 1 Years 11 Months | Current |
Peer comparison
Berar Finance Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Asset Financing Companies, Deposit Taking NBFC, Finance), 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 |
|---|---|---|---|---|---|---|
| Berar Finance Limitedthis company | ₹357.96 Cr (FY 2026) | ₹36.23 Cr | 10.1% | 21.0% | 2,142 | Nagpur, Maharashtra, India |
| Suntrack Commerce Private Limited | ₹298.54 Cr (FY 2019) | 744.0% | Kolkata, West Bengal, India | |||
| Muthoot Mcred Limited | ₹298.15 Cr (FY 2019) | -11.0% | Kochi, Kerala, India | |||
| Il&Fs Financial Services Limited | ₹295.18 Cr (FY 2019) | -87.0% | Mumbai, Maharashtra, India | |||
| Barclays Investments & Loans (India) Private Limited | ₹294.79 Cr (FY 2024) | 22.0% | Mumbai, Maharashtra, India | |||
| Reliance Home Finance Limited | ₹293.5 Cr (FY 2022) | -65.0% | Mumbai, Maharashtra, India | |||
| Vivifi India Finance Private Limited | ₹292.8 Cr (FY 2025) | 19.0% | Hyderabad, Telangana, India | |||
| Indifi Capital Private Limited | ₹291.31 Cr (FY 2024) | 88.0% | Haryana, India |
To see the full peer comparison of Berar Finance Limited, buy the company report.
Auditor
Berar Finance Limited is audited by Pravin Dhiran & Co for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pravin Dhiran & Co | FY 2020 | 133656W |
Shareholding
The shareholding of Berar Finance Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Berar Finance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2026 | 101405557 | Others | ₹25 Cr | Open | |
| 17 Sep 2026 | 101403345 | Others | ₹50 Cr | Open | |
| 31 Jul 2026 | 101367043 | Others | ₹12.5 Cr | Open | |
| 23 Jul 2026 | 101361535 | Others | ₹9 Cr | Open | |
| 14 Jul 2026 | 101347967 | Others | ₹50 Cr | Open |
To see the full charge records of Berar Finance Limited, buy the company report.
Total charge records: 276 View all charges
Deals & funding
Berar Finance Limited has 10 deals on record (9 funding rounds, 1 rights issue), with disclosed funding of ₹302.01 Cr; the latest was in October 2025.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Funding round · Series A | ₹10 Cr | Investors: Amicus Capital Partners |
| Sep 2011 | Funding round | ₹1 Cr | Investors: Avino Capcons Private Limited , Maroti jawanjar (HUF), Sandeep Jawanja (HUF) |
| Sep 2008 | Funding round | ₹80 Lakh | Investors: 4 individuals |
| Mar 2007 | Funding round | ₹20.6 Lakh | Investors: Avino Capcons Private Limited , 3 individuals |
| Nov 2006 | Rights issue | ₹1.86 Cr | Investors: Others Berar Finance Limited, Avino Capcons Private Limited , 2 individuals |
To see the full deal history of Berar Finance Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Berar Finance Limited has 4,095 court cases on record: 4,065 filed by Berar Finance, 30 filed against it. 564 cases are pending and 3,531 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4,078 | 28 | 561 |
| High courts | 17 | 2 | 3 |
Cases on record (5 of 4,095)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Washim, Maharashtra | Court case (Cri.Appeal) | Filed against the company by an individual | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Nagpur, Maharashtra | Criminal miscellaneous application | Filed by the company against an individual | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Berar Finance Limited, 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.
Credit ratings & regulatory alerts
Berar Finance Limited was last rated by Care on 01 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 01 Sep 2022 |
To see the full credit ratings and regulatory alerts of Berar Finance Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Berar Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Berar Finance Limited has a workforce of 2,142 employees on its EPFO records as of Aug 26, 2025, across 1 active EPFO establishment.
GST
Berar Finance has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB5861B1Z0 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACB5861B2ZZ | Maharashtra | Active | 22 May 2024 |
| 22AAACB5861B1ZA | Chattisgarh | Active | 01 Jul 2017 |
| 23AAACB5861B1Z8 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Berar Finance Limited, buy the company report.
Recent activity
Berar Finance Limited has 27 board changes on record since 2007: 9 appointments and 18 cessations. The latest: Saket Suresh Bagdia was appointed as Director on 19 May 2026.
501 earlier events are in the company report.
News
Frequently asked questions
Berar Finance is an active public limited company based in Nagpur, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 22 August 1990 (36+ years old) and is registered under CIN U65929MH1990PLC057829.
Berar Finance has 9 current directors:
- Sandeep Marotrao Jawanjal - Managing Director
- Avishek Addy - Director
- Anvi Shirish Somaiya - Director
- Varun Bhalla - Director
- Rajesh Vasudevan - Director
- Annapurna Devendra Dubey - Director
- Saket Suresh Bagdia - Director
- Vishal Kumar Gupta - Director
- Smriti Chandra - Director
The latest financial statements of Berar Finance on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 16 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Berar Finance is 27AAACB5861B1Z0, registered in Maharashtra. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 27AAACB5861B2ZZ (Maharashtra), 22AAACB5861B1ZA (Chattisgarh), 23AAACB5861B1Z8 (Madhya Pradesh).
The CIN (Corporate Identification Number) of Berar Finance is U65929MH1990PLC057829. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Berar Finance has 4,095 court cases on record: 4,065 filed by the company and 30 filed against it. 564 are pending. Most are in the district courts.
Berar Finance was incorporated on 22 August 1990, making it 36+ years old. It is registered with the Registrar of Companies, Nagpur.
Berar Finance has 10 deals on record (9 funding rounds, 1 rights issue), with disclosed funding of ₹302.01 Cr; the latest was in October 2025.
The peers of Berar Finance by revenue are Suntrack Commerce Private Limited, Muthoot Mcred Limited, Il&Fs Financial Services Limited, Barclays Investments & Loans (India) Private Limited, Reliance Home Finance Limited and 2 more, all in the BFSI industry (Asset Financing Companies, Deposit Taking NBFC, Finance), with the same principal business activity (other financial activities).
Saket Suresh Bagdia was appointed as Director on 19 May 2026. Smriti Chandra was appointed as Director on 30 Mar 2026. Vishal Kumar Gupta was appointed as Director on 30 Mar 2026. Berar Finance has 27 board changes on record in total.
Berar Finance can be reached through the website berarfinance.com. Its registered office is in Nagpur, Maharashtra, India.