Bhala Finance Private Limited

Bhala Finance Private Limited - financial services in Jaipur, Rajasthan, India. FY 2026 financials & compliance.
CIN U65992RJ2015PTC046989 Incorporated 30 January 2015 ROC Jaipur HQ Jaipur, Rajasthan, India
Active Private Limited Company financial services MSME
Data last updated
Revenue · FY 2024
₹14.83 Cr
▲ 141% YoY
Net profit · FY 2024
₹2.06 Cr
Net margin 13.9%
EBITDA · FY 2024
₹10.14 Cr
EBITDA margin 68.4%
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹30 Cr
Issued & subscribed
Open charges
₹251.69 Cr
Satisfied ₹40.83 Cr
Company age
11 yrs
Est. 2015
Directors on board
3
As per MCA filings

About Bhala Finance Private Limited

Data last updated:

Bhala Finance Private Limited is a private limited company based in Jaipur, Rajasthan, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 30 January 2015 and has been in existence for over 11 years.

The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U65992RJ2015PTC046989. Its GSTIN is 08AAGCB1834Q1ZA (Rajasthan).

The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹30 Cr. It is led by directors including Ramakant Bhala (Whole-Time Director) and Harsh Bhala.

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6 – B 4th Floor Man Upasana Plaza C – 44 Sardar Patel Marg C – Scheme Jaipur, Rajasthan, India – 302001.

As per the financials filed for FY 2024, the company reported a revenue of ₹14.83 Cr, a growth of 141% compared to the previous year. For the same year it recorded a net profit of ₹2.06 Cr (net margin 13.9%) and EBITDA of ₹10.14 Cr (EBITDA margin 68.4%). Revenue has grown at a compounded annual rate (CAGR) of 67% over three years and 32% over five years.

The company is associated with 1 brand: Bhala Finance. As per MCA filings, the company has open charges of ₹251.69 Cr and satisfied charges of ₹40.83 Cr on record. Court records list 578 cases involving the company, including 552 filed by the company and 26 filed against it; 334 cases are pending. The company has 6 deals on record (5 rights issues, 1 debt financing), with disclosed funding of ₹10 Cr; the latest was in March 2025. Its 6 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 4 smaller; the largest is Ceejay Finance Limited with revenue of ₹14.9 Cr.

Bhala Finance Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-RJ-17-0059047). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhalafinance.com.

Company details

CIN U65992RJ2015PTC046989
Registration Number 046989
Incorporation Date 30 January 2015
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-RJ-17-0059047
Key People
Ramakant Bhala Whole-Time Director Harsh Bhala Director Snhe Lata Bhala Director

Recognitions & Rankings of Bhala Finance

MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-RJ-17-0059047

Contact details

Bhala Finance Private Limited's registered office is in Jaipur, Rajasthan. Its website is bhalafinance.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    bhalafinance.com
  • Social Media
  • Registered Address
    6 – B 4th Floor Man Upasana Plaza C – 44 Sardar Patel Marg C – Scheme Jaipur, Rajasthan, India – 302001
  • Industry
    Financial Services, NBFC, Investment & Credit NBFC

To see the full contact details of Bhala Finance Private Limited, buy the company report.

Comprehensive company report
Bhala Finance Private Limited - one report that includes everything
  • 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
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Brands

Bhala Finance operates one associated brand: Bhala Finance. Each brand links to its own profile.

BrandDescriptionWebsite
Bhala Finance
Online lending platform offering business and individual loansbhalafinance.com

Business activity

The main business activity of Bhala Finance is financial and insurance service. In detail, this covers other financial activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK8Other financial activities

To see the full business activity and turnover split of Bhala Finance Private Limited, buy the company report.

Financials of Bhala Finance Private Limited

FY 2025 filings available

Bhala Finance Private Limited reported revenue of ₹14.83 Cr (up 141% YoY) for FY 2024.

Revenue · FY 2024
₹14.83 Cr ▲ 141%
Net profit · FY 2024
₹2.06 Cr margin 13.9%
EBITDA · FY 2024
₹10.14 Cr margin 68.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 141%
3 years · compounded
▲ 67%
5 years · compounded
▲ 32%
EBITDA CAGR growth
1 year
▲ 131%
3 years · compounded
▲ 65%
5 years · compounded
▲ 28%

Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 141% growth in the latest year. EBITDA rose 131% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹10.14 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹2.06 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin68.4%
Net Profit Margin13.9%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
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 Bhala Finance Private Limited, buy the company report.

Board of directors of Bhala Finance Private Limited

Bhala Finance has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Harsh Bhala
Also directs: Bhala Operations Private Limited
Director30 Jan 201511 Years 9 MonthsCurrent
Ramakant Bhala
Also directs: Bhala Operations Private Limited
Whole-Time Director30 Jan 201511 Years 9 MonthsCurrent
Snhe Lata Bhala
Also directs: Bhala Operations Private Limited
Director30 Jan 201511 Years 9 MonthsCurrent
View all directors

Peer comparison

Bhala Finance Private Limited is compared with the 6 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Ceejay Finance Limited₹14.9 Cr (FY 2019)-9.0%Nadiad, Gujarat, India
Suyash Villa Pvt.Ltd.₹14.84 Cr (FY 2025)48.0%Kolkata, West Bengal, India
Bhala Finance Private Limitedthis company₹14.83 Cr (FY 2024)₹2.06 Cr13.9%141.0%Jaipur, Rajasthan, India
Presidency Finance Limited₹14.83 Cr (FY 2024)-49.0%Chennai, Tamil Nadu, India
C K G Finance Private Limited₹14.82 Cr (FY 2025)942.0%Palakkad, Kerala, India
Main Land Finance Private Limited₹14.78 Cr (FY 2025)106.0%Kolkata, West Bengal, India
Vreedhi Financial Services Private Limited₹14.78 Cr (FY 2025)23.0%Hyderabad, Telangana, India

To see the full peer comparison of Bhala Finance Private Limited, buy the company report.

Auditor

Bhala Finance Private Limited is audited by RAJVANSHI & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
RAJVANSHI & ASSOCIATESFY 2023005069C

Shareholding

The shareholding of Bhala Finance Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of Bhala Finance Private Limited, buy the company report.

Charges & borrowings

Open charges
₹251.69 Cr
Satisfied charges
₹40.83 Cr
Breakdown by lending institutions
Others₹225.88 Cr
State Bank of India₹23.31 Cr
City Union Bank Limited₹2.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
25 Nov 2025101194986Others₹5 CrOpen
19 Nov 2025101192202Others₹5 CrOpen
28 Oct 2025101180321Others₹5 CrOpen
29 Sep 2025101171584Others₹5 CrOpen
26 Sep 2025101171176Others₹3 CrOpen

To see the full charge records of Bhala Finance Private Limited, buy the company report.

Total charge records: 66 View all charges

Deals & funding

Bhala Finance Private Limited has 6 deals on record (5 rights issues, 1 debt financing), with disclosed funding of ₹10 Cr; the latest was in March 2025.

Total deals
6
Rights issues
5
Debt financing
1
Disclosed funding
₹10 Cr

Deals on record (5 of 6)

WhenDealAmountParties
Mar 2025Debt financing₹10 CrInvestors: Blacksoil Group
Nov 2022Rights issue₹2.5 CrInvestors: 4 individuals
Mar 2021Rights issue₹2.59 CrInvestors: 4 individuals
Oct 2019Rights issue₹1.64 CrInvestors: 4 individuals
Mar 2018Rights issue₹1.18 CrInvestors: 4 individuals

To see the full deal history of Bhala Finance Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Bhala Finance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Bhala Finance has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
08AAGCB1834Q1ZARajasthanActive01 Jul 2017

To see the full GST registrations and return filing status of Bhala Finance Private Limited, buy the company report.

Recent activity

Bhala Finance Private Limited has 6 board changes on record since 2015: 3 appointments and 3 cessations. The latest: Ramakant Bhala ceased to be Director on 12 Mar 2024.

Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101194986 was registered on 25 Nov 2025.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101192202 was registered on 19 Nov 2025.
Charges
A charge registered on 28 Mar 2023 via Charge ID 100706926 with Others was fully satisfied on 14 Nov 2025.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101180321 was registered on 28 Oct 2025.
Charges
A charge with Others of Rs. 2.50 Cr registered on 31 May 2025 with Charge ID 101106325 was modified on 27 Oct 2025.
Charges
A charge with Others of Rs. 3.00 Cr registered on 30 Aug 2024 with Charge ID 100972581 was modified on 27 Oct 2025.
Charges
A charge with Others of Rs. 2.00 Cr registered on 14 Feb 2024 with Charge ID 100877020 was modified on 27 Oct 2025.
AGM
Bhala Finance Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101171584 was registered on 29 Sep 2025.
Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 101171176 was registered on 26 Sep 2025.
Charges
A charge with State Bank Of India of Rs. 23.31 Cr registered on 22 Jun 2022 with Charge ID 100586356 was modified on 25 Sep 2025.
Charges
A charge registered on 27 Jul 2023 via Charge ID 100760360 with Others was fully satisfied on 11 Sep 2025.

84 earlier events are in the company report.

Frequently asked questions

Bhala Finance is an active private limited company based in Jaipur, Rajasthan, India. The company works in nbfc, within the financial services industry. It was incorporated on 30 January 2015 (11+ years old) and is registered under CIN U65992RJ2015PTC046989.

Bhala Finance has 3 current directors:

The latest financial statements of Bhala Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Bhala Finance is 08AAGCB1834Q1ZA, registered in Rajasthan.

The CIN (Corporate Identification Number) of Bhala Finance is U65992RJ2015PTC046989. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Bhala Finance has 578 court cases on record: 552 filed by the company and 26 filed against it. 334 are pending. Most are in the district courts.

Bhala Finance was incorporated on 30 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Jaipur.

Bhala Finance has 6 deals on record (5 rights issues, 1 debt financing), with disclosed funding of ₹10 Cr; the latest was in March 2025.

The peers of Bhala Finance by revenue are Ceejay Finance Limited, Suyash Villa Pvt.Ltd, Presidency Finance Limited, C K G Finance Private Limited, Main Land Finance Private Limited and 1 more, all in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).

Ramakant Bhala ceased to be Director on 12 Mar 2024. Nikita Saboo ceased to be Additional Director on 19 Aug 2019. Tarun Sharma ceased to be Director on 05 Aug 2019. Bhala Finance has 6 board changes on record in total.

Yes, Bhala Finance is registered as an MSME under Udyam registration (number: UDYAM-RJ-17-0059047).