
About Explicit Finance Limited
Data last updated:
Explicit Finance Limited is a public limited company based in Thane, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 24 February 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L65990MH1994PLC076788. Its GSTIN is 27AAACS5604B2ZT (Maharashtra). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 530571.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.27 Cr. It is led by directors including Rajesh S Nanda (Managing Director) and Avinash Bhargavram Mainkar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 305 Sohan Commercial Plaza Opp. Shivsena Office Vasai East, Thane, Maharashtra, India – 401210.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹3.27 Cr, a decline of 51.7% compared to the previous year. For the same year it recorded a net loss of ₹1 Lakh (net margin -0.3%). The net worth stands at ₹7.9 Cr (down 0.1% YoY). Total assets are valued at ₹7.9 Cr (up 0% YoY).
The company is associated with 1 brand: Explicit Finance. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending. The company has 12 deals on record (12 market trades); the latest was in November 2010. 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, 3 larger and 3 smaller; the largest is Madhubani Investments Private Limited with revenue of ₹6.82 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website explicitfinance.net.
Company details
CIN history
Explicit Finance has one previous CIN (Corporate Identification Number): L65990MH1994PTC076788. The current CIN is L65990MH1994PLC076788, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65990MH1994PLC076788 | Current |
| L65990MH1994PTC076788 | Previous |
Contact details
Explicit Finance Limited's registered office is in Thane, Maharashtra. Its website is explicitfinance.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address305 Sohan Commercial Plaza Opp. Shivsena Office Vasai East, Thane, Maharashtra, India – 401210
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Explicit 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
Explicit Finance operates one associated brand: Explicit Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| NBFC providing investments, securities trading, and finance services as a registered company. | explicitfinance.net |
Business activity
The main business activity of Explicit 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 Explicit Finance Limited, buy the company report.
Financials of Explicit Finance Limited
FY 2025-26 filings availableExplicit Finance Limited reported revenue of ₹3.27 Cr (down 51.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3.27 | 6.77 | 9.40 | 22.86 | 12.03 | 6.66 | 7.19 |
| Revenue growth | -51.7% | -28.0% | -58.9% | +90.0% | +80.6% | -7.4% | - |
| EBITDA | 0.00 | (0.02) | 0.02 | 0.02 | (0.53) | (0.08) | (0.05) |
| EBITDA margin | 0.0% | -0.3% | +0.2% | +0.1% | -4.4% | -1.2% | -0.7% |
| Profit before tax | (0.01) | (0.01) | 0.03 | 0.02 | (0.28) | (0.04) | (0.01) |
| Net profit | (0.01) | (0.01) | 0.03 | 0.02 | (0.28) | (0.04) | (0.01) |
| Net profit margin | -0.3% | -0.2% | +0.3% | +0.1% | -2.3% | -0.6% | -0.1% |
| EPS (₹) | (0.01) | (0.01) | 0.02 | 0.01 | (0.30) | (0.03) | (0.02) |
| Balance sheet | |||||||
| Total assets | 7.90 | 7.90 | 7.91 | 7.89 | 7.89 | 8.51 | 7.77 |
| Net worth | 7.90 | 7.91 | 7.91 | 7.90 | 7.89 | 8.16 | 7.78 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 0.26 | 1.88 | 1.19 | 1.59 | 0.71 | 0.37 | 0.04 |
| Net working capital | 0.40 | 2.10 | 1.68 | 2.12 | 2.22 | 2.29 | 2.11 |
| Cash flow | |||||||
| Cash from operations | (1.61) | 0.69 | (0.40) | 0.89 | 0.33 | (0.52) | (0.05) |
| Cash from investing | (0.01) | 0.00 | (0.01) | (0.01) | 0.01 | 0.85 | 0.03 |
| Cash from financing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.46 | 0.67 | 0.89 | 0.82 | 0.89 | 2.36 | 1.23 | 1.77 |
| Revenue growth (YoY) | -48.3% | -71.6% | -27.6% | -53.7% | -37.3% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Total expenses | 0.39 | 0.81 | 0.74 | 0.92 | 0.79 | 2.40 | 1.14 | 1.73 |
| EBITDA | 0.07 | (0.14) | 0.15 | (0.10) | 0.10 | (0.04) | 0.09 | 0.04 |
| EBITDA margin | +15.2% | -20.9% | +16.9% | -12.2% | +11.2% | -1.7% | +7.3% | +2.3% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.07 | (0.14) | 0.15 | (0.10) | 0.10 | (0.03) | 0.09 | 0.04 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.46 | 0.67 | 0.89 | 0.82 | 0.89 | 2.36 | 1.23 | 1.77 |
| Revenue growth (YoY) | -48.3% | -71.6% | -27.6% | -53.7% | -37.3% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Total expenses | 0.39 | 0.81 | 0.74 | 0.92 | 0.79 | 2.40 | 1.14 | 1.73 |
| EBITDA | 0.07 | (0.14) | 0.15 | (0.10) | 0.10 | (0.04) | 0.09 | 0.04 |
| EBITDA margin | +15.2% | -20.9% | +16.9% | -12.2% | +11.2% | -1.7% | +7.3% | +2.3% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.07 | (0.14) | 0.15 | (0.10) | 0.10 | (0.03) | 0.09 | 0.04 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3.27 | 6.77 | 9.40 | 22.86 | 12.03 | 6.66 | 7.19 |
| Revenue growth | -51.7% | -28.0% | -58.9% | +90.0% | +80.6% | -7.4% | - |
| Other income | 0.00 | 0.02 | 0.01 | 0.01 | 0.25 | 0.04 | 0.04 |
| Total expenses | 3.27 | 6.79 | 9.38 | 22.84 | 12.56 | 6.74 | 7.24 |
| Employee cost | 0.18 | 0.14 | 0.14 | 0.14 | 0.16 | 0.21 | 0.11 |
| EBITDA | 0.00 | (0.02) | 0.02 | 0.02 | (0.53) | (0.08) | (0.05) |
| EBITDA margin | 0.0% | -0.3% | +0.2% | +0.1% | -4.4% | -1.2% | -0.7% |
| Depreciation | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.01) | (0.01) | 0.03 | 0.02 | (0.28) | (0.04) | (0.01) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (0.01) | (0.01) | 0.03 | 0.02 | (0.28) | (0.04) | (0.01) |
| Net profit margin | -0.3% | -0.2% | +0.3% | +0.1% | -2.3% | -0.6% | -0.1% |
| EPS (₹) | (0.01) | (0.01) | 0.02 | 0.01 | (0.30) | (0.03) | (0.02) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 9.27 | 9.27 | 9.27 | 9.27 | 9.27 | 9.27 | 9.27 |
| Reserves & surplus | (1.37) | (1.36) | (1.36) | (1.37) | (1.38) | (1.11) | (1.49) |
| Shareholders' funds (net worth) | 7.90 | 7.91 | 7.91 | 7.90 | 7.89 | 8.16 | 7.78 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 7.90 | 7.90 | 7.91 | 7.89 | 7.89 | 8.51 | 7.77 |
| Assets | |||||||
| Gross block | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Net block | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.44 |
| Inventories | 0.15 | 0.19 | 0.45 | 0.52 | 1.49 | 1.89 | 1.69 |
| Sundry debtors | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.68 |
| Cash & bank balances | 0.26 | 1.88 | 1.19 | 1.59 | 0.71 | 0.37 | 0.04 |
| Loans & advances | 0.08 | 0.08 | 0.09 | 0.04 | 0.05 | 0.09 | 0.08 |
| Total current assets | 0.49 | 2.16 | 1.73 | 2.15 | 2.25 | 2.35 | 2.49 |
| Total current liabilities | 0.09 | 0.06 | 0.05 | 0.03 | 0.03 | 0.06 | 0.38 |
| Net working capital | 0.40 | 2.10 | 1.68 | 2.12 | 2.22 | 2.29 | 2.11 |
| Total assets | 7.90 | 7.90 | 7.91 | 7.89 | 7.89 | 8.51 | 7.77 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.88 | 1.19 | 1.59 | 0.71 | 0.37 | 0.04 | 0.06 |
| Net cash from operating activities | (1.61) | 0.69 | (0.40) | 0.89 | 0.33 | (0.52) | (0.05) |
| Net cash from investing activities | (0.01) | 0.00 | (0.01) | (0.01) | 0.01 | 0.85 | 0.03 |
| Net cash from financing activities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net change in cash | (1.63) | 0.70 | (0.40) | 0.88 | 0.34 | 0.33 | (0.02) |
| Closing cash | 0.26 | 1.88 | 1.19 | 1.59 | 0.71 | 0.37 | 0.04 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -51.7% | -28.0% | -58.9% | +90.0% | +80.6% | -7.4% | - |
| EBITDA growth | +100.0% | -200.0% | 0.0% | +103.8% | -562.5% | -60.0% | - |
| PBT growth | 0.0% | - | +50.0% | +9998.0% | -600.0% | -300.0% | +87.5% |
| Net income growth | 0.0% | -133.3% | +50.0% | +107.1% | -600.0% | -300.0% | - |
| Revenue CAGR (3Y) | -47.7% | -17.4% | +12.2% | +47.0% | +38.3% | -18.3% | +9.0% |
| EBITDA CAGR (3Y) | -100.0% | -66.5% | - | - | +43.3% | -18.9% | 0.0% |
| Profitability & leverage | |||||||
| Net income margin | -0.3% | -0.2% | +0.3% | +0.1% | -2.3% | -0.6% | -0.1% |
| Return on capital employed | 0.0% | 0.0% | +0.2% | +0.2% | 0.0% | 0.0% | 0.0% |
| Return on net worth | 0.0% | 0.0% | +0.2% | +0.1% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.00 | 0.00 | 50.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 218.00 | 679.00 | 941.00 | 4,574.00 | 0.00 | 0.00 | 131.45 |
| Inventory turnover | 19.24 | 21.22 | 19.40 | 22.76 | 7.27 | 3.74 | 3.71 |
| Debtors turnover | 654.00 | 1,358.00 | 0.00 | 0.00 | 0.00 | 19.71 | 19.81 |
| EPS (₹) | (0.01) | (0.01) | 0.02 | 0.01 | (0.30) | (0.03) | (0.02) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 8.52 | 8.53 | 8.53 | 8.52 | 8.51 | 8.81 | 8.39 |
To see the full year-wise statements and ratios of Explicit Finance Limited, buy the company report.
Board of directors of Explicit Finance Limited
Explicit Finance has 7 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avinash Bhargavram Mainkar Also directs: Trunadhanya Trading Private Limited | Director | 26 Nov 1994 | 31 Years 11 Months | Current |
| Gopal Bhagwatilal Dave | Director | 14 Nov 2017 | 8 Years 11 Months | Current |
| Narendrasinh Manubha Zala Also directs: Voltrix Ventures LLP, Super Crop Safe Limited, Advantage Liquors Private Limited and 5 more | Director | 14 Aug 2025 | 1 Years 2 Months | Current |
| Nirmal Singh Raju | Additional Director | 01 Jun 2024 | 2 Years 5 Months | Current |
| Rajesh S Nanda Also directs: Mukti Precision and Fastners LLP, Priyansh Logistic LLP | Managing Director | 14 Aug 2023 | 3 Years 2 Months | Current |
| Hetal Amrutbhai Bhanushali | Director | 14 Aug 2023 | 3 Years 2 Months | Current |
Peer comparison
Explicit Finance 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Madhubani Investments Private Limited | ₹6.82 Cr (FY 2024) | -58.0% | Hyderabad, Telangana, India | |||
| Dewdrops Mercantiles Pvt Ltd | ₹6.81 Cr (FY 2025) | 10.0% | Kolkata, West Bengal, India | |||
| Zed Leafin Private Limited | ₹6.8 Cr (FY 2025) | 9.0% | New Delhi, Delhi, India | |||
| Electrocast Sales India Ltd | ₹6.78 Cr (FY 2025) | -6.0% | Kolkata, West Bengal, India | |||
| Vinny Textiles Pvt Ltd | ₹6.76 Cr (FY 2025) | 195.0% | Kolkata, West Bengal, India | |||
| Kishorilal Constructions Private Limited | ₹6.74 Cr (FY 2024) | 17.0% | Chandigarh, India | |||
| Explicit Finance Limitedthis company | ₹3.27 Cr (FY 2026) | -₹1 Lakh | -0.3% | -51.7% | Thane, Maharashtra, India |
To see the full peer comparison of Explicit Finance Limited, buy the company report.
Auditor
Explicit Finance Limited is audited by S C Mehra & Associates for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S C Mehra & Associates | FY 2019 | 106156W |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 12.10%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 87.90%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 12.10% | 12.10% | 12.10% | 12.10% |
| Public | 87.90% | 87.90% | 87.90% | 87.90% |
Deals & funding
Explicit Finance Limited has 12 deals on record (12 market trades); the latest was in November 2010.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2010 | Market trade | ₹3.9 Lakh | Seller: D S G Securities Private Ltd |
| Sep 2010 | Market trade | ₹14 Lakh | Buyer: an individual Seller: Swajay Finance Private Limited |
| Sep 2010 | Market trade | ₹24.3 Lakh | Buyer: Free India Assurance Services Limited , an individual Seller: Swajay Finance Private Limited , an individual |
| Jul 2009 | Market trade | ₹3.2 Lakh | Buyer: Shyam Sourabh Baheti Huf, an individual Seller: Yash Management and Satellite Limited |
| Feb 2009 | Market trade | ₹28.4 Lakh | Buyer: Yash Management and Satellite Limited Seller: an individual |
To see the full deal history of Explicit Finance Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Explicit Finance Limited has 2 court cases on record: 2 filed by Explicit Finance. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against M/S.Chari Industries Thr.Amol Chari | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Chari Industries | Pending |
To see the full case history of Explicit 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 Explicit Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Explicit Finance has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS5604B2ZT | Maharashtra | Active | 03 Jan 2019 |
To see the full GST registrations and return filing status of Explicit Finance Limited, buy the company report.
Recent activity
Explicit Finance Limited has 24 board changes on record since 1994: 16 appointments and 8 cessations. The latest: Vandana Santosh Kalokhe was appointed as Additional Director on 16 Jun 2026.
15 earlier events are in the company report.
Frequently asked questions
Explicit Finance is an active public limited company based in Thane, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 24 February 1994 (32+ years old) and is registered under CIN L65990MH1994PLC076788. Listed on BSE: 530571.
Explicit Finance reported revenue of ₹3.27 Cr for FY 2025-26 (down 51.7% YoY) based on standalone financials.
Explicit Finance has 7 current directors:
- Rajesh S Nanda - Managing Director
- Avinash Bhargavram Mainkar - Director
- Gopal Bhagwatilal Dave - Director
- Narendrasinh Manubha Zala - Director
- Nirmal Singh Raju - Additional Director
- Hetal Amrutbhai Bhanushali - Director
- Vandana Santosh Kalokhe - Additional Director
The latest financial statements of Explicit Finance on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Explicit Finance is 27AAACS5604B2ZT, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Explicit Finance is L65990MH1994PLC076788. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Explicit Finance is a listed company as per MCA records. Its shares are listed on BSE (code: 530571).
Explicit Finance has 2 court cases on record: 2 filed by the company. 2 are pending.
Explicit Finance was incorporated on 24 February 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Explicit Finance has 12 deals on record (12 market trades); the latest was in November 2010.
The peers of Explicit Finance by revenue are Madhubani Investments Private Limited, Dewdrops Mercantiles Pvt Ltd, Zed Leafin Private Limited, Electrocast Sales India Ltd, Vinny Textiles Pvt Ltd 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).

