About Berar Finance Limited
Data last updated: 24 December 2025
Berar Finance Limited is a public limited company based in Nagpur, Maharashtra, India. It specialises in investment and credit NBFC, a part of the broader financial services sector. Incorporated on 22 August 1990, the company has been in operation for over 36 years.
Registered with ROC Mumbai under CIN U65929MH1990PTC057829.
Capital: an authorised share capital of ₹17.32 Cr and a paid-up capital of ₹14.55 Cr. Formerly known as Berar Finance Private Limited. It is led by directors including Maroti Gendaru Jawanjar and Shantaram Krishnarao Mahakalkar.
Last AGM: 16 September 2025. Financial statements filed for year ended 31 March 2025. Office: Avinisha Towermehadia Chowk Dhantoli, Nagpur, Maharashtra, India – 440012.
As per the financials filed for FY 2025, the company reported a revenue of ₹294.96 Cr, a growth of 17% compared to the previous year.
The company has a workforce of approximately 2,142 employees as per the latest available data.
The company is associated with 1 brand - Berar Finance. As per MCA filings, the company has open charges of ₹1,880.8 Cr and satisfied charges of ₹1,659.24 Cr on record.
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.
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Registered AddressAvinisha Towermehadia Chowk Dhantoli, Nagpur, Maharashtra, India – 440012
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IndustryFinancial Services, Investment & Credit NBFC, NBFC, Asset Financing Companies
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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CIN History of Berar Finance Limited
Berar Finance Limited 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 |
Associated Brands with Berar Finance Limited
Berar Finance Limited operates one associated brand: Berar Finance. These brands represent Berar Finance Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Diversified lending operations are conducted as an NBFI. | berarfinance.com |
Competitors & Alternatives of Berar Finance Limited
Brands and companies operating in the same space as Berar Finance Limited include Manappuram Finance, L & T Finance Holdings, Bajaj Finserv and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Manappuram Finance
|
Consumer and SME loans are provided by Manappuram Finance. | Valapad, India, India | 1992 |
L & T Finance Holdings
|
Diversified lending services are provided as a non-banking financial institution. | Mumbai, India, India | 1994 |
Bajaj Finserv
|
Financial solutions including loans and insurance are offered. | Pune, India, India | 2007 |
Northern Arc Capital
|
Household and business loans are provided with risk management support. | Chennai, India, India | 2006 |
IIFL Finance
|
Online gold, home, personal, and business loans are provided. | Mumbai, India, India | 1995 |
Mahindra Finance
|
Consumer and SME loans are provided by Mahindra Finance. | Mumbai, India, India | 1991 |
Hero Fincorp
|
2-wheeler loans and consumer/business financing are provided by Hero Fincorp. | Delhi, India, India | 1991 |
Cholamandalam Investment and Finance Company
|
Home and SME loans are provided in India. | Chennai, India, India | 1978 |
Dvara KGFS
|
Loans for consumers and SMEs are provided alongside financial services. | Chennai, India, India | 2008 |
Business Activity of Berar Finance Limited
Berar Finance Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details for Berar Finance Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Board of Directors of Berar Finance Limited
Berar Finance Limited is currently managed by 9 directors, with 21 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maroti Gendaru Jawanjar | Whole-Time Director | 22 Aug 1990 | 35 Years 11 Months | Current |
| Shantaram Krishnarao Mahakalkar | Director | 25 Sep 2002 | 23 Years 9 Months | Current |
|
Annapurna Devendra Dubey
Also directs:
Unified Data- Tech Solutions Limited, J L Morison (India) Limited
|
Director | 14 Nov 2024 | 1 Years 8 Months | Current |
| Avishek Addy | Director | 19 Jan 2021 | 5 Years 6 Months | Current |
|
Varun Bhalla
Also directs:
Varisio Solutions Llp
|
Director | 20 Sep 2024 | 1 Years 10 Months | Current |
| Sandeep Marotrao Jawanjal | Managing Director | 01 Apr 2007 | 19 Years 3 Months | Current |
Financials of Berar Finance Limited FY 2025 filings available
Berar Finance Limited reported revenue of ₹294.96 Cr (up 17.00% YoY) for FY 2025.
Ten-year financial statements for Berar Finance Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
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Charges & Borrowings of Berar Finance Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Nov 2025 | Others | ₹15 Cr | Open |
| 08 Oct 2025 | Others | ₹20 Cr | Open |
| 30 Sep 2025 | Others | ₹20 Cr | Open |
| 29 Sep 2025 | Others | ₹25 Cr | Open |
| 25 Sep 2025 | Others | ₹40 Cr | Open |
Total charge records: 251 View all charges
Employees and EPFO Compliance at Berar Finance Limited
View historical data on people associated with Berar Finance Limited, including employment history and EPFO contributions.
Employee and EPFO history for Berar Finance Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Berar Finance Limited
GST registrations and filing compliance for Berar Finance Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Berar Finance Limited
Credit ratings, litigation, and regulatory alerts for Berar Finance Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Berar Finance Limited
MSME payment history for Berar Finance Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Berar Finance Limited
Corporate group structure for Berar Finance Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Berar Finance Limited
MCA filings and documents for Berar Finance Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Berar Finance Limited
Recent News on Berar Finance Limited
Frequently Asked Questions about Berar Finance Limited
Berar Finance Limited is an active public limited company in the financial services sector based in Nagpur, Maharashtra, India. It was incorporated on 22 August 1990 (36+ years old) and is registered under CIN U65929MH1990PLC057829. The company has 2,142 employees.
Berar Finance Limited reported revenue of ₹294.96 Cr for FY 2025 (up 17.00% YoY).
The current directors of Berar Finance Limited are:
- Maroti Gendaru Jawanjar - Whole-Time Director
- Shantaram Krishnarao Mahakalkar - Director
- Annapurna Devendra Dubey - Director
- Avishek Addy - Director
- Varun Bhalla - Director
- Sandeep Marotrao Jawanjal - Managing Director
- Rajesh Vasudevan - Director
- Deepali Ravindra Balpande - Nodal Officer
- Anvi Shirish Somaiya - Director
The primary industry of Berar Finance Limited is financial services. The company specifically operates in investment and credit nbfc. The company is currently active in this sector.
Berar Finance Limited can be reached at the registered office: Avinisha Towermehadia Chowk Dhantoli, Nagpur, Maharashtra, India – 440012, or through the website berarfinance.com.
The authorised capital is ₹17.32 Cr, and the paid-up capital is ₹14.55 Cr.