About Idf Financial Services Private Limited
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Idf Financial Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 27 October 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67910KA1994PTC016476. Its GSTIN is 29AAACD5827H1ZK (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹32.8 Cr. It was formerly known as Dhavalagiri Arthik Services Private Limited. It is led by directors including Naganagouda Marigouda Patil (Managing Director) and Kasturi Dharmanna Dambal.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at House No 5 Anugraha Second Floor(Unit – 1) National High School Road V Puram, Bangalore, Karnataka, India – 560004.
As per the financials filed for FY 2025, the company reported a revenue of ₹54.62 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹2.96 Cr (net margin 5.4%) and EBITDA of ₹34.73 Cr (EBITDA margin 63.6%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 14% over five years.
The company has about 193 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: IDF Financial Services. As per MCA filings, the company has open charges of ₹322.69 Cr and satisfied charges of ₹745.15 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending. The company has 17 deals on record (10 secondary share transfers, 7 funding rounds), with disclosed funding of ₹39.47 Cr; the latest was in August 2022. Its 7 peer companies in the BFSI industry (Large NBFC, Micro Finance Institutions, Mid Sized Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 3 smaller; the largest is Abs Portfolio Pvt Ltd with revenue of ₹55.57 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 idf-finance.in.
Company details
Contact details
Idf Financial Services Private Limited's registered office is in Bangalore, Karnataka. Its website is idf-finance.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHouse No 5 Anugraha Second Floor(Unit – 1) National High School Road V Puram, Bangalore, Karnataka, India – 560004
- IndustryFinancial Services, Microfinance Institutions, NBFC
To see the full contact details of Idf Financial Services Private 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
Idf Financial Services operates one associated brand: IDF Financial Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers micro loans in Karnataka through the SHG model to support individual borrowers. | idf-finance.in |
Business activity
The main business activity of Idf Financial Services 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 Idf Financial Services Private Limited, buy the company report.
Financials of Idf Financial Services Private Limited
FY 2025 filings availableIdf Financial Services Private Limited reported revenue of ₹54.62 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 11% growth in the latest year. EBITDA rose 7% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹34.73 Cr | ||||
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| Net Profit (PAT) | ₹2.96 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 63.6% | ||||
| Net Profit Margin | 5.4% | ||||
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To see the full financial statements and ratios of Idf Financial Services Private Limited, buy the company report.
Board of directors of Idf Financial Services Private Limited
Idf Financial Services has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kasturi Dharmanna Dambal | Director | 24 Feb 2016 | 10 Years 8 Months | Current |
| Naganagouda Marigouda Patil Also directs: Gramserv Private Limited, Gramya Turnkey Services Private Limited | Managing Director | 30 Oct 2008 | 17 Years 11 Months | Current |
| Vivekanand Nagayya Salimath | Director | 30 Oct 2008 | 17 Years 11 Months | Current |
| Gururaj Madhav Deshpande Also directs: Gramya Turnkey Services Private Limited | Director | 07 Sep 2015 | 11 Years 1 Months | Current |
| Srikantha Thirthahalli Venkatesh Shenoy Also directs: Gramya Turnkey Services Private Limited | Director | 30 Oct 2008 | 17 Years 11 Months | Current |
| Ballal Chitpady Satish | Director | 21 Feb 2025 | 1 Years 8 Months | Current |
Peer comparison
Idf Financial Services Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Large NBFC, Micro Finance Institutions, Mid Sized 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 |
|---|---|---|---|---|---|---|
| Abs Portfolio Pvt Ltd | ₹55.57 Cr (FY 2025) | 1646.0% | Kolkata, West Bengal, India | |||
| Sicom Limited | ₹55.2 Cr (FY 2025) | -43.0% | Mumbai, Maharashtra, India | |||
| Iti Credit Limited | ₹55.1 Cr (FY 2025) | 110.0% | Mumbai, Maharashtra, India | |||
| Valuvanadu Capital Limited | ₹54.63 Cr (FY 2025) | 85.0% | New Delhi, Delhi, India | |||
| Idf Financial Services Private Limitedthis company | ₹54.62 Cr (FY 2025) | ₹2.96 Cr | 5.4% | 11.0% | 193 | Bangalore, Karnataka, India |
| Amritkunj Capital Markets Ltd | ₹54.17 Cr (FY 2025) | -35.0% | Kolkata, West Bengal, India | |||
| Hindusthan Microfinance Private Limited | ₹54.1 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India | |||
| Krone Finstock Private Limited | ₹53.84 Cr (FY 2025) | -51.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Idf Financial Services Private Limited, buy the company report.
Auditor
Idf Financial Services Private Limited is audited by Chetan Padaki & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chetan Padaki & Associates | FY 2023 | 011274S |
Shareholding
The shareholding of Idf Financial Services Private 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) | |||||
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| Others |
To see the full shareholding pattern of Idf Financial Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Nov 2025 | 101184227 | Others | ₹5 Cr | Open | |
| 31 Aug 2025 | 101146810 | Others | ₹5 Cr | Open | |
| 04 Mar 2025 | 101054423 | Others | ₹5 Cr | Open | |
| 28 Nov 2024 | 101019719 | Uco Bank | ₹15 Cr | Open | |
| 16 Oct 2024 | 100989046 | Others | ₹5 Cr | Open |
To see the full charge records of Idf Financial Services Private Limited, buy the company report.
Total charge records: 143 View all charges
Deals & funding
Idf Financial Services Private Limited has 17 deals on record (10 secondary share transfers, 7 funding rounds), with disclosed funding of ₹39.47 Cr; the latest was in August 2022.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2022 | Funding round | ₹4.2 Cr | Investors: JRB Farmers Producer Company Limited , Gramserv Private Limited , 2 individuals |
| Nov 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: Swavalambana Trust Seller: an individual |
| Oct 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2020 | Funding round | ₹1.25 Cr | Investors: an individual |
To see the full deal history of Idf Financial Services Private 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
Idf Financial Services Private Limited has 4 court cases on record: 3 filed by Idf Financial Services, 1 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Medchal Malkajgiri, Telangana | Court case (IP) | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Idf Financial Services Private 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.
Credit ratings & regulatory alerts
Idf Financial Services Private Limited was last rated by Brickwork on 28 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 28 Dec 2021 |
To see the full credit ratings and regulatory alerts of Idf Financial Services Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Idf Financial Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Idf Financial Services Private Limited has a workforce of 193 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Idf Financial Services has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACD5827H1ZK | Karnataka | Active | 01 Jul 2017 |
| 27AAACD5827H1ZO | Maharashtra | Active | 26 Jul 2017 |
| 30AAACD5827H1Z1 | Goa | Active | 27 Dec 2018 |
To see the full GST registrations and return filing status of Idf Financial Services Private Limited, buy the company report.
Recent activity
Idf Financial Services Private Limited has 26 board changes on record since 2003: 16 appointments and 10 cessations. The latest: Ballal Chitpady Satish was appointed as Director on 21 Feb 2025.
270 earlier events are in the company report.
Frequently asked questions
Idf Financial Services is an active private limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 27 October 1994 (32+ years old) and is registered under CIN U67910KA1994PTC016476.
Idf Financial Services has 6 current directors:
- Naganagouda Marigouda Patil - Managing Director
- Kasturi Dharmanna Dambal - Director
- Vivekanand Nagayya Salimath - Director
- Gururaj Madhav Deshpande - Director
- Srikantha Thirthahalli Venkatesh Shenoy - Director
- Ballal Chitpady Satish - Director
The latest financial statements of Idf Financial Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Idf Financial Services is 29AAACD5827H1ZK, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAACD5827H1ZO (Maharashtra), 30AAACD5827H1Z1 (Goa).
The CIN (Corporate Identification Number) of Idf Financial Services is U67910KA1994PTC016476. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Idf Financial Services has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending.
Idf Financial Services was incorporated on 27 October 1994, making it 32+ years old. It is registered with the Registrar of Companies, Bangalore.
Idf Financial Services has 17 deals on record (10 secondary share transfers, 7 funding rounds), with disclosed funding of ₹39.47 Cr; the latest was in August 2022.
The peers of Idf Financial Services by revenue are Abs Portfolio Pvt Ltd, Sicom Limited, Iti Credit Limited, Valuvanadu Capital Limited, Amritkunj Capital Markets Ltd and 2 more, all in the BFSI industry (Large NBFC, Micro Finance Institutions, Mid Sized Non Deposit NBFC), with the same principal business activity (other financial activities).
Ballal Chitpady Satish was appointed as Director on 21 Feb 2025. Gangappa Sahadev ceased to be Director on 30 Aug 2024. Rudrayya Mallayya Kummur ceased to be Director on 30 Aug 2024. Idf Financial Services has 26 board changes on record in total.
Idf Financial Services can be reached through the website idf-finance.in. Its registered office is in Bangalore, Karnataka, India.