Fincare Small Finance Bank Limited - Company Profile

It is a financial services public limited company based in Ahmedabad, Gujarat, India, established in 1995.

1995 Ahmedabad, Gujarat, India Amalgamated

Last Updated: June 30, 2025

About Fincare Small Finance Bank Limited

Fincare Small Finance Bank Limited, a amalgamated public limited company, was established on 05 April 1995 in Ahmedabad, Gujarat, India. Engaging in banking institutions within the financial and insurance service sector, it holds CIN: U67120GJ1995PLC025373. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹300.00 Cr and a paid-up capital of ₹253.97 Cr.

Formerly known as Banas Finlease Pvt Ltd, Fincare Small Finance Bank Limited. It upholds a compliant status. Employing 15,101 professional, Its leadership includes Aarthi Sivanandh (Director), Sunil Satyapal Gulati (Director), Sameer Yogesh Nanavati (Nominee Director). Past directors included Aarthi Sivanandh, Sunil Satyapal Gulati, Mahender Ramchand Chawla. It holds no open charges and ₹1,762.26 Cr settled loans. Its latest AGM occurred on 25 July 2023, with the balance sheet filed on 31 March 2023. It is based at 301-306, 3Rd Floor, Abhijeet -V, Opp. Mayor'S Bunglow, Law Garden Road, M Ithakhali India, Ahmedabad, Gujarat, 380006.

Company Details

CIN/LLPIN
U67120GJ1995PLC025373
Registration Number
025373
Incorporation Date
05 April 1995
Authorized Capital
₹300.00 Cr
Paid-Up Capital
₹253.97 Cr
ROC Code
Roc Ahmedabad
Listing Status
Unlisted
Company Status
Amalgamated

Key Metrics

Authorised Capital ₹ 300.00 Cr as on 30-06-2025
Paid Up Capital ₹ 253.97 Cr as on 30-06-2025
Company Age 30 Year, 10 Months
Last Filing with ROC 31 Mar 2023
Satisfied Charges ₹ 1,762.26 Cr as on 30-06-2025
Revenue Growth **** % (FY 2023)
Ebitda ****
Net Worth ****
Total Assets **** % (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Fincare Small Finance Bank 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 Fincare Small Finance Bank Limited?

Current Directors

Name	Designation	Appointment Date	Status
Aarthi Sivanandh	Director	28 Apr 2021	Current
Sunil Satyapal Gulati	Director	20 Jul 2017	Current
Sameer Yogesh Nanavati	Nominee Director	03 Feb 2009	Current
Keyur Gopalbhai Doshi	Cfo	01 May 2017	Current
Vinay Baijal	Director	25 Feb 2017	Current
Nanda Sameer Dave	Director	21 Jun 2021	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	01 May 2021	Past
Pramod Abcsdd	Additional Director	28 Sep 2017	Past
Pramod Abcsdd	Director	29 Mar 2010	Past
Pramod Abcsdd	Additional Director	05 Jun 2009	Past
Pramod Abcsdd	Additional Director	05 Jun 2009	Past
Pramod Abcsdd	Additional Director	05 Jun 2009	Past

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Financial Performance of Fincare Small Finance Bank.

Fincare Small Finance Bank Limited, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.

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

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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

********

*******

Revenue from Operations

*******

Total Assets

*******

Profit or Loss

*******

Net Worth

*******

EBITDA

*******

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What is the Ownership and Shareholding Structure of Fincare Small Finance Bank?

In 2023, Fincare Small Finance Bank had a promoter holding of 78.58% and a public holding of 21.43%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

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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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹17,622,600,000.00

Charges Breakdown by Lending Institutions

Others : 918.00 Cr
State Bank Of India : 120.56 Cr
Idbi Bank Limited : 81.00 Cr
Mas Financial Services Limited : 75.00 Cr
Hdfc Bank Limited : 68.00 Cr
Others : 499.70 Cr

Latest Charge Details

Date	Lender	Amount	Status
20 Apr 2017	Others	₹4.50 Cr	Satisfied
16 Feb 2017	Others	₹25.00 Cr	Satisfied
22 Nov 2016	Others	₹25.00 Cr	Satisfied
26 Oct 2016	Others	₹20.00 Cr	Satisfied
19 Oct 2016	Others	₹32.00 Cr	Satisfied

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How Many Employees Work at Fincare Small Finance Bank?

Fincare Small Finance Bank has a workforce of 15101 employees as of May 10, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Fincare Small Finance Bank, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Fincare Small Finance Bank's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Fincare Small Finance Bank

Recent Activity within the Organization

Annual General Meeting

The activity Fincare Small Finance Bank Limited last Annual general meeting of members was held on 25 Jul 2023 as per latest MCA records. was completed.
25 Jul 2023
Balance Sheet

The activity Fincare Small Finance Bank Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad. was completed.
31 Mar 2023
Director Appointment

Progress on Narayanan Nadadur Rajagopalan was appointed as a Director was appointed as a Director on 06 Aug 2022 & has been associated with this company since 3 years 6 months . was documented.
06 Aug 2022
Charges

A charge registered on 08 Sep 2016 via Charge ID 100050347 with Others was fully satisfied on 22 Feb 2022. was recorded as a recent event.
22 Feb 2022
Charges

A charge registered on 21 Jul 2016 via Charge ID 100043367 with Others was fully satisfied on 15 Nov 2021. was recorded as a recent event.
15 Nov 2021
Director Appointment

The activity Divya Sehgal was appointed as a Nominee Director was appointed as a Nominee Director on 13 Oct 2021 & has been associated with this company since 4 years 4 months . was completed.
13 Oct 2021

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