Indel Money Limited - Company Profile

Q: Who are the current directors of Indel Money Limited?

The current directors of Indel Money Limited are Sasi Kumar, Kavitha Menon, Narasinganallore Venkatesh Srinivasan, Anantharaman Trikkur Ramachandran, Hanna Pulinchickal Nazir, Venugopal Nayar Bhaskaran, Salil Venu, Umesh Mohanan, Parvathy Vairavasundaram, Mohanan Gopalakrishnan, Vinodkumar Madhavan Panicker.

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 1986.

1986 Mumbai, Maharashtra, India Active

Last Updated: May 27, 2026

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About Indel Money Limited

Indel Money Limited, a active public limited company, was established on 11 September 1986 in Mumbai, Maharashtra, India. Engaging in investment & credit nbfc within the financial services sector, it holds CIN: U65990MH1986PLC040897. Registered under ROC Roc Mumbai I. it is unlisted. It has an authorized capital of ₹465.00 Cr and a paid-up capital of ₹433.00 Cr.

Formerly known as Indel Money Private Limited, Payal Holdings Pvt Ltd. It upholds a compliant status. Employing 1,951 professional, Its leadership includes Sasi Kumar (Director), Kavitha Menon (Director), Narasinganallore Venkatesh Srinivasan (Director). Past directors included Ronak Rajkumar Malpani, Shakuntala Malpani, Rajkumar Malpani. It holds ₹3,416.71 Cr open charges and ₹878.45 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Unit No 709, 72 Corp, Saki Vihar Road,, Bandi Bazar, Nair Wadi, Saki Naka, Mumbai, Maharashtra, 400072.

Company Details

CIN/LLPIN
U65990MH1986PLC040897
Registration Number
040897
Incorporation Date
11 September 1986
Authorized Capital
₹465.00 Cr
Paid-Up Capital
₹433.00 Cr
ROC Code
Roc Mumbai I
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 465.00 Cr as on 27-05-2026
Paid Up Capital ₹ 433.00 Cr as on 27-05-2026
Company Age 39 Year, 8 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 3,416.71 Cr as on 27-05-2026
Satisfied Charges ₹ 878.45 Cr as on 27-05-2026
Revenue Growth **** 55.44% (FY 2024)
Profit Growth **** 94.06% (FY 2024)
Ebitda **** 49.95% (FY 2024)
Net Worth 30.66% (FY 2024)
Total Assets **** 22.79% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Indel Money 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 Indel Money Limited?

Current Directors

Name	Designation	Appointment Date	Status
Sasi Kumar	Director	27 Feb 2019	Current
Kavitha Menon	Director	28 Mar 2018	Current
Narasinganallore Venkatesh Srinivasan	Director	02 Mar 2018	Current
Anantharaman Trikkur Ramachandran	Director	05 Jul 2012	Current
Venugopal Nayar Bhaskaran	Director	01 Jul 2025	Current
Salil Venu	Director	12 Jul 2013	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	05 Jul 2012	Past
Pramod Abcsdd	Director	05 Jul 2012	Past
Pramod Abcsdd	Director	05 Jul 2012	Past
Pramod Abcsdd	Director	11 Apr 2025	Past
Pramod Abcsdd	Additional Director	29 Sep 2018	Past
Pramod Abcsdd	Additional Director	17 Sep 2013	Past

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Financial Performance of Indel Money.

Indel Money Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 55.44% increase. The company also saw a substantial improvement in profitability, with a 94.06% increase in profit. The company's net worth Soared by an impressive increase of 30.66%.

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

********

55.44%

*******

Revenue from Operations

*******

55.83%

*******

Total Assets

*******

22.79%

*******

Profit or Loss

*******

94.06%

*******

Net Worth

*******

30.66%

*******

EBITDA

*******

49.95%

*******

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What is the Ownership and Shareholding Structure of Indel Money?

In 2025, Indel Money had a promoter holding of 100.00%. 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

₹34,167,137,000.00

Satisfied Charges

₹8,784,547,000.00

Charges Breakdown by Lending Institutions

Others : 2871.71 Cr
State Bank Of India : 310.00 Cr
Indian Overseas Bank : 100.00 Cr
Dhanlaxmi Bank Limited : 80.00 Cr
Tamilnad Mercantile Bank Limited : 30.00 Cr
Others : 25.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
23 Apr 2026	Others	₹75.00 Cr	Open
16 Apr 2026	Others	₹125.00 Cr	Open
30 Mar 2026	Others	₹35.00 Cr	Open
17 Mar 2026	Others	₹50.00 Cr	Open
16 Mar 2026	Others	₹25.00 Cr	Open

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How Many Employees Work at Indel Money?

Indel Money has a workforce of 1951 employees as of Nov 11, 2025. 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 Indel Money, 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 Indel Money's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

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 Indel Money

Recent Activity within the Organization

Charges

A charge registered on 05 Dec 2024 via Charge ID 101032557 with Others was fully satisfied on 11 May 2026. was recorded as a recent event.
11 May 2026
Director Appointment

Progress on Vinodkumar Madhavan Panicker was appointed as a Cfo was appointed as a Cfo on 07 May 2026 & has been associated with this company since 1 month 1 day . was documented.
07 May 2026
Charges

A charge with Others amounted to Rs. 75.00 Cr with Charge ID 101288660 was registered on 23 Apr 2026. was recorded as a recent event.
23 Apr 2026
Charges

Progress on A charge with Others amounted to Rs. 125.00 Cr with Charge ID 101288665 was registered on 16 Apr 2026. was documented.
16 Apr 2026
Charges

A charge with Others of Rs. 100.00 Cr registered on 08 Mar 2025 with Charge ID 101172762 was modified on 07 Apr 2026. was recorded as a recent event.
07 Apr 2026
Charges

The activity A charge with Others amounted to Rs. 35.00 Cr with Charge ID 101274031 was registered on 30 Mar 2026. was completed.
30 Mar 2026

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