Better Value Leasing and Finance Ltd
About Better Value Leasing and Finance Ltd
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Better Value Leasing and Finance Ltd is a public limited company based in Thane, Maharashtra, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 05 July 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1983PLC030357. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹3.22 Cr. It was formerly known as Better Value Leasing and Finance Private Ltd. It is led by directors including Nitin Ratnakar Gawande and Sharad Maruti Thakur.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Room No. 28 Jai Bhavani Nagar Nr. Bharat Fertilizers Majiwada, Thane, Maharashtra, India – 400601.
As per the financials filed for FY 2019, the company reported a revenue of ₹20.04 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net loss of ₹4.45 Cr (net margin -22.2%) and EBITDA of ₹12.1 Cr (EBITDA margin 60.4%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years.
As per MCA filings, the company has open charges of ₹125.5 Cr and satisfied charges of ₹22 Lakh on record. Court records list 29 cases involving the company, including 23 filed by the company and 6 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Better Value Leasing and Finance has one previous CIN (Corporate Identification Number): L65990MH1983PLC030357. The current CIN is U65990MH1983PLC030357, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65990MH1983PLC030357 | Current |
| L65990MH1983PLC030357 | Previous |
Contact details
Better Value Leasing and Finance Ltd's registered office is in Thane, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressRoom No. 28 Jai Bhavani Nagar Nr. Bharat Fertilizers Majiwada, Thane, Maharashtra, India – 400601
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Better Value Leasing and 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
Business activity
The main business activity of Better Value Leasing and 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 Better Value Leasing and Finance Ltd, buy the company report.
Financials of Better Value Leasing and Finance Ltd
FY 2019 filings availableBetter Value Leasing and Finance Ltd reported revenue of ₹20.04 Cr (up 3% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over three years, including 3% growth in the latest year. EBITDA fell 24% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹20.04 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.45 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 60.4% | ||||
| Net Profit Margin | -22.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Better Value Leasing and Finance Ltd, buy the company report.
Board of directors of Better Value Leasing and Finance Ltd
Better Value Leasing and Finance has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Ratnakar Gawande Also directs: Gawande Consultants Private Limited | Director | 30 Jun 2006 | 20 Years 4 Months | Current |
| Sharad Maruti Thakur Also directs: Vrindavan Restaurant Private Limited, Better Value Brands Private Limited, Better Value Restaurants Private Limited and 2 more | Director | 04 May 2021 | 5 Years 5 Months | Current |
| Shekhar Maruti Thakur Also directs: Better Value Brands Private Limited | Director | 04 May 2021 | 5 Years 5 Months | Current |
Peer comparison
Better Value Leasing and Finance Ltd is compared with the 6 companies closest to it by revenue in the BFSI industry (Finance, Large NBFC, Mid Sized 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 |
|---|---|---|---|---|---|---|
| Ambi Investments & Finance Private Limited | ₹20.14 Cr (FY 2025) | -62.0% | New Delhi, Delhi, India | |||
| Tapstart Capital Private Limited | ₹20.12 Cr (FY 2025) | 162.0% | Bangalore, Karnataka, India | |||
| Gosree Finance Limited | ₹20.08 Cr (FY 2025) | 71.0% | Ernakulam, Kerala, India | |||
| Jacinth Finvest Limited | ₹20.07 Cr (FY 2025) | 39.0% | Hyderabad, Telangana, India | |||
| Better Value Leasing and Finance Ltdthis company | ₹20.04 Cr (FY 2019) | -₹4.45 Cr | -22.2% | 3.0% | Thane, Maharashtra, India | |
| Keshava Prabha Microfin Private Limited | ₹19.95 Cr (FY 2025) | 5.0% | Chennai, Tamil Nadu, India | |||
| Aml Financial Services Private Limited | ₹19.93 Cr (FY 2025) | -48.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Better Value Leasing and Finance Ltd, buy the company report.
Auditor
Better Value Leasing and Finance Ltd is audited by BHAVIK D SHAH & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHAVIK D SHAH & ASSOCIATES | FY 2019 | 134094W |
Shareholding
The shareholding of Better Value Leasing and Finance Ltd is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Better Value Leasing and Finance Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 2017 | 100160731 | Others | ₹100 Cr | Open | |
| 01 Oct 2001 | 90240818 | Axis Bank Limited | ₹20 Cr | Open | |
| 01 Jul 1998 | 80034635 | Idbi Bank Limited | ₹5 Cr | Open | |
| 10 May 1995 | 90240069 | Unionbank of India | ₹50 Lakh | Open | |
| 25 Jul 2008 | 10116863 | The Shamrao Vithal Co-Op. Bank Ltd. | ₹17 Lakh | Satisfied |
To see the full charge records of Better Value Leasing and Finance Ltd, buy the company report.
Total charge records: 6 View all charges
Legal cases
Better Value Leasing and Finance Ltd has 29 court cases on record: 23 filed by Better Value Leasing and Finance, 6 filed against it. 2 cases are pending and 27 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 2 | 2 |
| High courts | 4 | 3 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Axis Bank Ltd Through Daxesh Balsara | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed by the company against D.S.V.Chemicals Pvt. Ltd | Disposed |
| Bombay High Court | Court case (NMA) | Filed against the company by Samriti Chemicals Ltd.. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against 1.Roofit Industries Ltd., | Disposed |
| Bombay High Court | Court case (COAPP) | Filed against the company by Samriti Chemicals Ltd | Disposed |
To see the full case history of Better Value Leasing and 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.
Credit ratings & regulatory alerts
Better Value Leasing and Finance Ltd was last rated by Care on 23 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 23 May 2022 |
To see the full credit ratings and regulatory alerts of Better Value Leasing and Finance Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Better Value Leasing and Finance Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Better Value Leasing and Finance has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Better Value Leasing and Finance Ltd, buy the company report.
Recent activity
Better Value Leasing and Finance Ltd has 9 board changes on record since 2006: 3 appointments and 6 cessations. The latest: Anant Ratnakar Gawande ceased to be Director on 05 May 2021.
12 earlier events are in the company report.
Frequently asked questions
Better Value Leasing and Finance is an active public limited company based in Thane, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 05 July 1983 (43+ years old) and is registered under CIN U65990MH1983PLC030357.
Better Value Leasing and Finance has 3 current directors:
- Nitin Ratnakar Gawande - Director
- Sharad Maruti Thakur - Director
- Shekhar Maruti Thakur - Director
The latest financial statements of Better Value Leasing and Finance on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Better Value Leasing and Finance has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Better Value Leasing and Finance is U65990MH1983PLC030357. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Better Value Leasing and Finance has 29 court cases on record: 23 filed by the company and 6 filed against it. 2 are pending. Most are in the district courts.
Better Value Leasing and Finance was incorporated on 05 July 1983, making it 43+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Better Value Leasing and Finance by revenue are Ambi Investments & Finance Private Limited, Tapstart Capital Private Limited, Gosree Finance Limited, Jacinth Finvest Limited, Keshava Prabha Microfin Private Limited and 1 more, all in the BFSI industry (Finance, Large NBFC, Mid Sized Non Deposit NBFC), with the same principal business activity (other financial activities).
Anant Ratnakar Gawande ceased to be Director on 05 May 2021. Harsha Ramdas Bhatkal ceased to be Director on 05 May 2021. Sharad Maruti Thakur was appointed as Director on 04 May 2021. Better Value Leasing and Finance has 9 board changes on record in total.
The registered office of Better Value Leasing and Finance is at Room No. 28 Jai Bhavani Nagar Nr. Bharat Fertilizers Majiwada, Thane, Maharashtra, India – 400601.
Better Value Leasing and Finance operates in the financial services industry, in the investment and credit nbfc segment.
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