Explicit Finance Limited - Company Profile

It is a financial services public limited company based in Thane, Maharashtra, India, established in 1994.
1994 Thane, Maharashtra, India Active
Last Updated:
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About Explicit Finance Limited

Explicit Finance Limited, a active public limited company, was established on 24 February 1994 in Thane, Maharashtra, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: L65990MH1994PLC076788. Registered under ROC Roc Mumbai. it is listed on BSE: 530571. It has an authorized capital of ₹10.00 Cr and a paid-up capital of ₹9.27 Cr.

It upholds a compliant status. In 2023, it reported revenue of ₹2.29 K and a net worth of ₹0.79 K . Its leadership includes Avinash Bhargavram Mainkar (Director), Hetal Amrutbhai Bhanushali (Director), Narendrasinh Manubha Zala (Director). Past directors included Avinash Bhargavram Mainkar, Hetal Amrutbhai Bhanushali, Lata Pramod Dave. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 305, Sohan Commercial Plaza, Opp. Shivsena Office, Vasai East,, Thane, Maharashtra, 401210.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    L65990MH1994PLC076788

  • Registration Number

    076788

  • Incorporation Date

    24 February 1994

  • Authorized Capital

    ₹10.00 Cr

  • Paid-Up Capital

    ₹9.27 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Listed (BSE: 530571)

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 9.27 Cr
  • Company Age 32 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth **** 86.24%
  • Profit Growth **** 103.70%
  • Ebitda **** 107.41%
  • Net Worth 0.13%
  • Total Assets **** 0.13%
Company report

Explicit Finance Limited

Company Report FY 2026-2027

Comprehensive Company Insights

Explore comprehensive insights into Explicit Finance Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Explicit Finance Limited?
Current Directors
Name Designation Appointment Date Status
Avinash Bhargavram Mainkar Director 26 Nov 1994 Current
Hetal Amrutbhai Bhanushali Director 14 Aug 2023 Current
Narendrasinh Manubha Zala Director 14 Aug 2025 Current
Neelam Kuldip Singh Negi Director 14 Aug 2025 Current
Nirmal Singh Raju Additional Director 01 Jun 2024 Current
Gopal Bhagwatilal Dave Director 14 Nov 2017 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Company Secretary 29 May 2015 Past
Pramod Abcsdd Additional Director 29 Sep 2023 Past
Pramod Abcsdd Additional Director 10 Nov 2014 Past
Pramod Abcsdd Additional Director 29 Sep 2021 Past
Pramod Abcsdd Additional Director 29 Sep 2025 Past
Pramod Abcsdd Cfo(Kmp) - Past

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Financial Performance of Explicit Finance.

Explicit Finance Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 86.24% increase. The company also saw a substantial improvement in profitability, with a 103.7% increase in profit. The company's net worth moved up by a moderate rise of 0.13%.

Explicit Finance revenue growth over time
Explicit Finance profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 86.24%
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*******
*******
Revenue from Operations
*******
 92.66%
*******
*******
*******
*******
Total Assets
*******
 0.13%
*******
*******
*******
*******
Profit or Loss
*******
 103.70%
*******
*******
*******
*******
Net Worth
*******
 0.13%
*******
*******
*******
*******
EBITDA
*******
 107.41%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Explicit Finance?

In 2023, Explicit Finance had a promoter holding of 12.10% and a public holding of 87.91%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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How Many Employees Work at Explicit Finance?

Unlock and access historical data on people associated with Explicit Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

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Rating
Graph displaying rating trends over time

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Alerts
Alert Indicator

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Latest Updates, News, and FAQs on Explicit Finance
Recent Activity within the Organization
  • Director Appointment

    The activity Narendrasinh Manubha Zala was appointed as a Cfo was appointed as a Cfo on 06 Nov 2025 & has been associated with this company since 7 months 22 days . was completed.

  • Director Appointment

    The activity Narendrasinh Manubha Zala was appointed as a Director was appointed as a Director on 14 Aug 2025 & has been associated with this company since 10 months 14 days . was completed.

  • Director Appointment

    Neelam Kuldip Singh Negi was appointed as a Director was appointed as a Director on 14 Aug 2025 & has been associated with this company since 10 months 14 days . was recorded as a recent event.

  • Annual General Meeting

    The activity Explicit Finance Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.

  • Director Appointment

    Progress on Nirmal Singh Raju was appointed as a Additional Director was appointed as a Additional Director on 01 Jun 2024 & has been associated with this company since 2 years 27 days . was documented.

  • Balance Sheet

    Progress on Explicit Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was documented.

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Frequently Asked Questions
What is the CIN of Explicit Finance Limited?

The CIN of Explicit Finance Limited is L65990MH1994PLC076788.

Where is Explicit Finance Limited headquartered?

Explicit Finance Limited is headquartered at 305, Sohan Commercial Plaza, Opp. Shivsena Office, Vasai East,, Thane, Maharashtra, 401210.

When was Explicit Finance Limited incorporated?

Explicit Finance Limited was incorporated on 24 February 1994.

Who are the current directors of Explicit Finance Limited?

The current directors of Explicit Finance Limited are

What is the primary industry of Explicit Finance Limited?

The primary industry of Explicit Finance Limited is Financial And Insurance Service.

Is Explicit Finance Limited a listed company?

Explicit Finance Limited is listed. It is listed on BSE: 530571.

What is the capital structure of Explicit Finance Limited?

The authorized capital of Explicit Finance Limited is ₹10.00 Cr, and the paid-up capital is ₹9.27 Cr.

What is the compliance status of Explicit Finance Limited?

The compliance status of Explicit Finance Limited is Compliant.

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