About Deccan Finance Limited
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Deccan Finance Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the asset financing companies segment of the financial services sector. It was incorporated on 02 November 1978 and has been in existence for over 48 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65910TN1978PLC007632. Its GSTIN is 33AAACD1189J2ZQ (Tamil Nadu). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹5.58 Cr. It was formerly known as Darda Investments Private Limited. It is led by directors including Sanjay Bhansali (Nodal Officer) and Ramana Shetty Venkata Krishna.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.20 3rd Floor Pycrofts Garden Road Nungambakkam, Chennai, Tamil Nadu, India – 600006.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.15 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹1.82 Cr (net margin -8.6%) and EBITDA of ₹5.44 Cr (EBITDA margin 25.7%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years and 32% over five years.
The company has about 216 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Ride Finance and Deccan Finance. As per MCA filings, the company has open charges of ₹65.26 Cr and satisfied charges of ₹41.34 Cr on record. Court records list 144 cases involving the company, including 114 filed by the company and 30 filed against it; 15 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website myridefinance.com.
Company details
CIN history
Deccan Finance has one previous CIN (Corporate Identification Number): L65910TN1978PLC007632. The current CIN is U65910TN1978PLC007632, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65910TN1978PLC007632 | Current |
| L65910TN1978PLC007632 | Previous |
Contact details
Deccan Finance Limited's registered office is in Chennai, Tamil Nadu. Its website is myridefinance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.20 3rd Floor Pycrofts Garden Road Nungambakkam, Chennai, Tamil Nadu, India – 600006
- IndustryFinancial Services, Asset Financing Companies, NBFC, Investment & Credit NBFC
To see the full contact details of Deccan 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
Deccan Finance operates two associated brands: Ride Finance and Deccan Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers financing for new motorcycles, used bikes, and electric vehicles. | myridefinance.com | |
| Offers comprehensive consumer finance services and solutions. | deccanfinance.in |
Business activity
The main business activity of Deccan 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 Deccan Finance Limited, buy the company report.
Financials of Deccan Finance Limited
FY 2025 filings availableDeccan Finance Limited reported revenue of ₹21.15 Cr (up 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 6% growth in the latest year. EBITDA fell 1% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹5.44 Cr | ||||
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| Net Profit (PAT) | -₹1.82 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.7% | ||||
| Net Profit Margin | -8.6% | ||||
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To see the full financial statements and ratios of Deccan Finance Limited, buy the company report.
Board of directors of Deccan Finance Limited
Deccan Finance has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Bhansali | Nodal Officer | 07 Aug 2025 | 1 Years 2 Months | Current |
| Ramana Shetty Venkata Krishna | Director | 09 Mar 1992 | 34 Years 7 Months | Current |
| Abhay S Mehta Also directs: Ahimsaa Research Limited | Director | 22 May 2019 | 7 Years 5 Months | Current |
| Suresh | Additional Director | 01 Jan 2026 | 0 Years 10 Months | Current |
| Kailashmull Dugar Also directs: Prapus Systems Private Limited, Ahimsaa Research Limited | Director | 01 Apr 2015 | 11 Years 7 Months | Current |
| Dugar Hemant | Director | 21 Nov 2018 | 7 Years 11 Months | Current |
Peer comparison
Deccan Finance Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Asset Financing Companies, Finance, NBFC Investment and Credit Companies), 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 |
|---|---|---|---|---|---|---|
| Goldline Finance Private Limited | ₹21.26 Cr (FY 2024) | 107.0% | Delhi, India | |||
| J M Assets Management Private Limited | ₹21.24 Cr (FY 2019) | 12.0% | Mumbai, Maharashtra, India | |||
| Green Malabar Finance Ventures Limited | ₹21.23 Cr (FY 2025) | -2.0% | Chennai, Tamil Nadu, India | |||
| Sapphire Global Finance Private Limited | ₹21.18 Cr (FY 2025) | 44.0% | Kolkata, West Bengal, India | |||
| Deccan Finance Limitedthis company | ₹21.15 Cr (FY 2024) | -₹1.82 Cr | -8.6% | 6.0% | 216 | Chennai, Tamil Nadu, India |
| Dhanam Investment and Finance Private Limited | ₹21.14 Cr (FY 2025) | -4.0% | Coimbatore, Tamil Nadu, India | |||
| Indian Infotech and Software Limited | ₹21.12 Cr (FY 2024) | -55.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Deccan Finance Limited, buy the company report.
Auditor
Deccan Finance Limited is audited by CHANDARANA & SANKLECHA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHANDARANA & SANKLECHA | FY 2023 | 000557S |
Shareholding
The shareholding of Deccan Finance Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Deccan Finance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 May 2025 | 101104936 | Others | ₹6.59 Cr | Open | |
| 20 Feb 2025 | 101057867 | Others | ₹3.5 Cr | Open | |
| 05 Apr 2024 | 100930838 | Others | ₹4 Cr | Open | |
| 10 Jun 2023 | 100763864 | Others | ₹5 Cr | Open | |
| 22 Mar 2023 | 100698601 | Others | ₹3 Cr | Open |
To see the full charge records of Deccan Finance Limited, buy the company report.
Total charge records: 36 View all charges
Legal cases
Deccan Finance Limited has 144 court cases on record: 114 filed by Deccan Finance, 30 filed against it. 15 cases are pending and 129 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 80 | 25 | 5 |
| District courts | 64 | 5 | 10 |
Cases on record (5 of 144)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
| District court, Tiruvallur, Tamil Nadu | Execution petition | Filed by the company against an individual | Pending |
| District court, Tiruvallur, Tamil Nadu | Execution petition | Filed by the company against an individual | Pending |
| District court, Tiruvallur, Tamil Nadu | Execution petition | Filed by the company against an individual | Pending |
| District court, Puducherry | Execution petition | Filed by the company against individuals | Pending |
To see the full case history of Deccan 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Deccan Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Deccan Finance Limited has a workforce of 216 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Deccan Finance has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACD1189J2ZQ | Tamil Nadu | Active | 01 Jul 2017 |
| 29AAACD1189J1ZG | Karnataka | Active | 29 Dec 2021 |
| 34AAACD1189J1ZP | Puducherry | Active | 03 Apr 2023 |
To see the full GST registrations and return filing status of Deccan Finance Limited, buy the company report.
Recent activity
Deccan Finance Limited has 18 board changes on record since 1992: 6 appointments and 12 cessations. The latest: Suresh was appointed as Additional Director on 01 Jan 2026.
76 earlier events are in the company report.
Frequently asked questions
Deccan Finance is an active public limited company based in Chennai, Tamil Nadu, India. The company works in asset financing companies, within the financial services industry. It was incorporated on 02 November 1978 (48+ years old) and is registered under CIN U65910TN1978PLC007632.
Deccan Finance has 6 current directors:
- Ramana Shetty Venkata Krishna - Director
- Abhay S Mehta - Director
- Suresh - Additional Director
- Kailashmull Dugar - Director
- Dugar Hemant - Director
- Sanjay Bhansali - Nodal Officer
The latest financial statements of Deccan Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Deccan Finance is 33AAACD1189J2ZQ, registered in Tamil Nadu. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAACD1189J1ZG (Karnataka), 34AAACD1189J1ZP (Puducherry).
The CIN (Corporate Identification Number) of Deccan Finance is U65910TN1978PLC007632. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Deccan Finance has 144 court cases on record: 114 filed by the company and 30 filed against it. 15 are pending. Most are in the high courts.
Deccan Finance was incorporated on 02 November 1978, making it 48+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Deccan Finance by revenue are Goldline Finance Private Limited, J M Assets Management Private Limited, Green Malabar Finance Ventures Limited, Sapphire Global Finance Private Limited, Dhanam Investment and Finance Private Limited and 1 more, all in the BFSI industry (Asset Financing Companies, Finance, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities).
Suresh was appointed as Additional Director on 01 Jan 2026. Sanjay Bhansali was appointed as Nodal Officer on 07 Aug 2025. Murali Ramaswami ceased to be Additional Director on 22 Jul 2022. Deccan Finance has 18 board changes on record in total.
Deccan Finance can be reached through the website myridefinance.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Deccan Finance is at No.20 3rd Floor Pycrofts Garden Road Nungambakkam, Chennai, Tamil Nadu, India – 600006.
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