About Indel Money Limited
Data last updated: 27 May 2026
Indel Money Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Indel Corporation Private Limited. It specialises in investment and credit NBFC, a part of the broader financial services sector. Incorporated on 11 September 1986, the company has been in operation for over 40 years.
Registered with ROC Mumbai under CIN U65990MH1986PLC040897.
Capital: an authorised share capital of ₹465 Cr and a paid-up capital of ₹433 Cr. Formerly known as Indel Money Private Limited and Payal Holdings Pvt Ltd. It is led by directors including Sasi Kumar and Kavitha Menon.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹291.13 Cr, a growth of 55.44% compared to the previous year.
The company has a workforce of approximately 1,951 employees as per the latest available data. It operates as a subsidiary of Indel Corporation Private Limited.
The company is associated with 1 brand - Indel Money. As per MCA filings, the company has open charges of ₹3,416.71 Cr and satisfied charges of ₹878.45 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indelmoney.com.
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Registered AddressUnit No 709 72 Corp Saki Vihar Road, Bandi Bazar Nair Wadi Saki Naka, Mumbai, Maharashtra, India – 400072
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IndustryFinancial Services, Investment & Credit NBFC, NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Indel Money Limited
Indel Money Limited has undergone 2 name changes throughout its history. The company was previously known as Indel Money Private Limited, and Payal Holdings Pvt Ltd. The current legal name is Indel Money Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Indel Money Limited | Current |
| Indel Money Private Limited | Previous |
| Payal Holdings Pvt Ltd | Previous |
CIN History of Indel Money Limited
Indel Money Limited has one previous CIN (Corporate Identification Number): U65990MH1986PTC040897. The current CIN is U65990MH1986PLC040897, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65990MH1986PLC040897 | Current |
| U65990MH1986PTC040897 | Previous |
Associated Brands with Indel Money Limited
Indel Money Limited operates one associated brand: Indel Money. These brands represent Indel Money Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Provider of property & gold loan services | indelmoney.com |
Competitors & Alternatives of Indel Money Limited
Brands and companies operating in the same space as Indel Money Limited include Manappuram Finance, L & T Finance Holdings, Bajaj Finserv and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Manappuram Finance
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Consumer and SME loans are provided by Manappuram Finance. | Valapad, India, India | 1992 |
L & T Finance Holdings
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Diversified lending services are provided as a non-banking financial institution. | Mumbai, India, India | 1994 |
Bajaj Finserv
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Financial solutions including loans and insurance are offered. | Pune, India, India | 2007 |
Northern Arc Capital
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Household and business loans are provided with risk management support. | Chennai, India, India | 2006 |
IIFL Finance
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Online gold, home, personal, and business loans are provided. | Mumbai, India, India | 1995 |
Mahindra Finance
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Consumer and SME loans are provided by Mahindra Finance. | Mumbai, India, India | 1991 |
Hero Fincorp
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2-wheeler loans and consumer/business financing are provided by Hero Fincorp. | Delhi, India, India | 1991 |
Kinara Capital
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Collateral-free loans are provided to MSMEs for business operations. | Bengaluru, India, India | 2011 |
Dvara KGFS
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Loans for consumers and SMEs are provided alongside financial services. | Chennai, India, India | 2008 |
Business Activity of Indel Money Limited
Indel Money Limited engages in various business activities. The company's operational segments demonstrate its market presence and business diversification.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Locked | Locked | activities activities Financial and insurance Other financial | Locked |
Detailed business activity records for Indel Money Limited
Activity codes and turnover contribution percentages require an active report plan.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Auditor Details of Indel Money Limited
Indel Money Limited is audited by FRG & Company for the financial year 2021. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| FRG & Company | Locked | Locked | Locked |
Complete auditor history for Indel Money Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Indel Money Limited
Indel Money Limited is currently managed by 9 directors, with 16 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sasi Kumar | Director | 27 Feb 2019 | 7 Years 5 Months | Current |
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Kavitha Menon
Also directs:
M G F Motors Limited
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Director | 28 Mar 2018 | 8 Years 3 Months | Current |
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Narasinganallore Venkatesh Srinivasan
Also directs:
Au Small Finance Bank Limited, Rinac India Limited, Integro Finserv Private Limited and 5 more
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Director | 02 Mar 2018 | 8 Years 4 Months | Current |
| Anantharaman Trikkur Ramachandran | Director | 05 Jul 2012 | 14 Years 0 Months | Current |
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Venugopal Nayar Bhaskaran
Also directs:
Sbi Life Insurance Company Limited
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Director | 01 Jul 2025 | 1 Years 0 Months | Current |
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Salil Venu
Also directs:
Indel Wheels Llp, Mithram Automotives Limited Liability Partnership, Mithram Mobikes Llp and 5 more
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Director | 12 Jul 2013 | 13 Years 0 Months | Current |
Financials of Indel Money Limited FY 2025 filings available
Indel Money Limited reported revenue of ₹291.13 Cr (up 55.44% YoY) for FY 2024.
Ten-year financial statements for Indel Money Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Indel Money Limited
Shareholding and ownership data for Indel Money Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Indel Money Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Apr 2026 | Others | ₹75 Cr | Open |
| 16 Apr 2026 | Others | ₹125 Cr | Open |
| 30 Mar 2026 | Others | ₹35 Cr | Open |
| 17 Mar 2026 | Others | ₹50 Cr | Open |
| 16 Mar 2026 | Others | ₹25 Cr | Open |
Total charge records: 266 View all charges
Employees and EPFO Compliance at Indel Money Limited
Indel Money Limited has a workforce of 1,951 employees as of Nov 11, 2025.
Employee and EPFO history for Indel Money Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Indel Money Limited
GST registrations and filing compliance for Indel Money Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Indel Money Limited
Credit ratings, litigation, and regulatory alerts for Indel Money Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Indel Money Limited
MSME payment history for Indel Money Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Indel Money Limited
Corporate group structure for Indel Money Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Indel Money Limited
MCA filings and documents for Indel Money Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Indel Money Limited
Recent News on Indel Money Limited
Frequently Asked Questions about Indel Money Limited
Indel Money Limited is an active public limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 11 September 1986 (40+ years old) and is registered under CIN U65990MH1986PLC040897. The company has 1,951 employees.
Indel Money Limited reported revenue of ₹291.13 Cr for FY 2024 (up 55.44% YoY).
The current directors of Indel Money Limited are:
- Sasi Kumar - Director
- Kavitha Menon - Director
- Narasinganallore Venkatesh Srinivasan - Director
- Anantharaman Trikkur Ramachandran - Director
- Venugopal Nayar Bhaskaran - Director
- Salil Venu - Director
- Umesh Mohanan - Whole-Time Director
- Parvathy Vairavasundaram - Director
- Mohanan Gopalakrishnan - Managing Director
The primary industry of Indel Money Limited is financial services. The company specifically operates in investment and credit nbfc. The company is currently active in this sector.
Indel Money Limited can be reached at the registered office: Unit No 709 72 Corp Saki Vihar Road, Bandi Bazar Nair Wadi Saki Naka, Mumbai, Maharashtra, India – 400072, or through the website indelmoney.com.
The authorised capital is ₹465 Cr, and the paid-up capital is ₹433 Cr.