About JM Financial Products Limited
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JM Financial Products Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Jm Financial Limited. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 10 July 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH1984PLC033397. Its GSTIN is 27AAACJ1236G2ZW (Maharashtra). The company holds 10 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹1,200 Cr and a paid-up capital of ₹544.5 Cr. It was formerly known as Jm Financial Products Private Limited and J M Lease Consultants P Ltd. It is led by directors including Vaddarse Prabhakar Shetty and Talha Salaria.
Its last annual general meeting (AGM) was held on 05 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 7th Floor Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2023, the company reported a revenue of ₹858.07 Cr, a growth of 26.49% compared to the previous year.
The company has about 561 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: JM Financial Products and Bondskart. As per MCA filings, the company has open charges of ₹12,099 Cr and satisfied charges of ₹5,906 Cr on record. Court records list 96 cases involving the company, including 78 filed by the company and 18 filed against it; 41 cases are pending. The company has 23 deals on record (20 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹1,275 Cr; the latest was in March 2025. Its 4 peer companies in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (financial and credit leasing activities) are compared by revenue, 2 larger and 2 smaller; the largest is Payu Finance India Private Limited with revenue of ₹693.49 Cr. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 64 overdue payments to 16 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jmfinancialproducts.com.
Company details
Name history
JM Financial Products has undergone 3 name changes throughout its history. The company was previously known as Jm Financial Products Private Limited, J M Lease Consultants P Ltd, and J M Lease Consultants Private Limited. The current legal name is Jm Financial Products Limited.
| Company Name | Status |
|---|---|
| JM Financial Products Limited | Current |
| Jm Financial Products Private Limited | Previous |
| J M Lease Consultants P Ltd | Previous |
| J M Lease Consultants Private Limited | Previous |
CIN history
JM Financial Products has one previous CIN (Corporate Identification Number): U74140MH1984PTC033397. The current CIN is U74140MH1984PLC033397, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140MH1984PLC033397 | Current |
| U74140MH1984PTC033397 | Previous |
Contact details
JM Financial Products Limited's registered office is in Mumbai, Maharashtra. Its website is jmfinancialproducts.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address7th Floor Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of JM Financial Products 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
JM Financial Products operates two associated brands: JM Financial Products and Bondskart. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive business financing solutions to support enterprise growth. | jmfinancialproducts.com | |
| An online platform is operated for bond investments. | bondskart.com |
Business activity
JM Financial Products operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Financial and Credit leasing activities |
To see the full business activity and turnover split of JM Financial Products Limited, buy the company report.
Financials of JM Financial Products Limited
FY 2025 filings availableJM Financial Products Limited reported revenue of ₹858.07 Cr (up 26.49% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 26.49% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹858.07 Cr | ||||
| Cost of Materials Consumed | |||||
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| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
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| Receivable Days | |||||
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| Inventory Days | |||||
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To see the full financial statements and ratios of JM Financial Products Limited, buy the company report.
Board of directors and KMP of JM Financial Products Limited
JM Financial Products Limited currently reports 6 directors and 1 key managerial person. 18 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaddarse Prabhakar Shetty Also directs: JM Financial Asset Management Limited, Sunteck Realty Limited, JM Financial Home Loans Limited and 1 more | Director | 21 Apr 2008 | 18 Years 6 Months | Current |
| Talha Salaria | Director | 24 Jan 2022 | 4 Years 9 Months | Current |
| Munesh Narinder Khanna Also directs: JM Financial Asset Reconstruction Company Limited, Gulf Oil Lubricants India Limited, Black Box Limited and 5 more | Director | 16 May 2022 | 4 Years 5 Months | Current |
| Nishit Ashwin Shah | Cfo | 18 Jan 2019 | 7 Years 9 Months | Current |
| Achuthan Siddharth Also directs: Alok Industries Limited, Reliance Industrial Infrastructure Limited, Sammaan Capital Limited and 5 more | Director | 01 Apr 2022 | 4 Years 7 Months | Current |
| Anup Pravin Shah Also directs: JM Financial Home Loans Limited, Awl Agri Business Limited, Adani Green Energy Limited and 4 more | Director | 18 Oct 2024 | 2 Years 0 Months | Current |
Peer comparison
JM Financial Products Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (financial and credit leasing activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JM Financial Products Limitedthis company | ₹858.07 Cr (FY 2023) | 26.5% | 561 | Mumbai, Maharashtra, India | ||
| Payu Finance India Private Limited | ₹693.49 Cr (FY 2024) | 18.0% | Mumbai, Maharashtra, India | |||
| Ambit Finvest Private Limited | ₹687.13 Cr (FY 2025) | 23.0% | Mumbai, Maharashtra, India | |||
| Arman Financial Services Limited | ₹661.53 Cr (FY 2024) | 56.0% | Ahmedabad, Gujarat, India | |||
| Paisalo Digital Limited | ₹658.75 Cr (FY 2024) | 39.0% | New Delhi, Delhi, India |
To see the full peer comparison of JM Financial Products Limited, buy the company report.
Auditor
JM Financial Products Limited is audited by KHIMJIKUNVERJI&CO. for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KHIMJIKUNVERJI&CO. | FY 2019 | 105146W |
Shareholding
The shareholding of JM Financial Products 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) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of JM Financial Products Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Sep 2022 | 100612211 | Others | ₹100 Cr | Open | |
| 30 Aug 2022 | 100688433 | Idbi Trusteeship Services Limited | ₹2,000 Cr | Open | |
| 28 Apr 2022 | 100574525 | Others | ₹75 Cr | Open | |
| 11 Mar 2022 | 100555587 | Others | ₹300 Cr | Open | |
| 18 Feb 2022 | 100542728 | Idbi Trusteeship Services Limited | ₹4,000 Cr | Open |
To see the full charge records of JM Financial Products Limited, buy the company report.
Total charge records: 54 View all charges
Deals & funding
JM Financial Products Limited has 23 deals on record (20 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹1,275 Cr; the latest was in March 2025.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: JM Financial Limited Seller: JM Financial Group Employees Welfare Trust |
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: JM Financial Limited Seller: JM Financial Group Employees Welfare Trust |
| Jun 2024 | Secondary share transfer | Undisclosed | Buyer: JM Financial Limited Seller: JM Financial Group Employees Welfare Trust |
| Jun 2023 | Debt financing | ₹800 Cr | Investors: Icici Securities Primary Dealership Limited , The Bombay Dyeing and Manufacturing Company Limited , Aditya Birla Sun Life Savings Fund |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: JM Financial Limited Seller: JM Financial Group Employees Welfare Trust |
To see the full deal history of JM Financial Products 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
JM Financial Products Limited has 96 court cases on record: 78 filed by JM Financial Products, 18 filed against it. 41 cases are pending and 55 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 84 | 8 | 37 |
| High courts | 8 | 7 | 2 |
| NCLAT | 2 | 2 | 1 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 96)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Arck Resolution Professionals LLP | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed by the company against Sidhant Distributors Pvt Ltd and 1 other | Pending |
| District court, Kancheepuram, Tamil Nadu | Civil suit | Filed against the company by Sensation Infracon Pvt Ltd.,Rep by Its Authorised Signatory Nagapuri Shiva Kumar | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Tci Finance Limited | Pending |
| District court, Calcutta, West Bengal | Revision petition | Filed against the company by Tci Finance Limited | Disposed |
To see the full case history of JM Financial Products 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
JM Financial Products Limited was last rated by Icra on 21 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 21 Apr 2022 |
To see the full credit ratings and regulatory alerts of JM Financial Products Limited, buy the company report.
MSME payment delays
JM Financial Products Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 64 overdue payments to 16 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| First Cars Private Limited | |||
| National E- Governance Services Limited | |||
| Balaji Interior Solutions | |||
| Bharat Floorings & Tiles (Mumbai) Private Limited | |||
| Yantra Aluminium Window Systems Private Limited |
To see the full MSME payment records of JM Financial Products Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
JM Financial Products has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| JM Financial Home Loans Limited | U65999MH2016PLC288534 |
To see the full group structure of JM Financial Products Limited, buy the company report.
Employees & EPFO
JM Financial Products Limited has a workforce of 561 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
JM Financial Products has 10 GST registrations: 9 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACJ1236G2ZW | Maharashtra | Active | 01 Jul 2017 |
| 27AAACJ1236G3ZV | Maharashtra | Active | 13 Nov 2017 |
| 19AAACJ1236G1ZU | West Bengal | Active | 13 Jul 2017 |
| 24AAACJ1236G1Z3 | Gujarat | Active | 26 Jul 2017 |
To see the full GST registrations and return filing status of JM Financial Products Limited, buy the company report.
Recent activity
JM Financial Products Limited has 41 board changes on record since 1989: 24 appointments and 17 cessations. The latest: Roshini Hemant Bakshi ceased to be Director on 20 Jan 2025.
151 earlier events are in the company report.
News
Frequently asked questions
JM Financial Products is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 10 July 1984 (42+ years old) and is registered under CIN U74140MH1984PLC033397.
JM Financial Products has 7 current directors and KMP:
- Vaddarse Prabhakar Shetty - Director
- Talha Salaria - Director
- Munesh Narinder Khanna - Director
- Achuthan Siddharth - Director
- Anup Pravin Shah - Director
- Dipti Neelakantan - Director
- Nishit Ashwin Shah - Cfo
The latest financial statements of JM Financial Products on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 05 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of JM Financial Products is 27AAACJ1236G2ZW, registered in Maharashtra. The company has 10 GST registrations in all, of which 9 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACJ1236G3ZV (Maharashtra), 19AAACJ1236G1ZU (West Bengal), 24AAACJ1236G1Z3 (Gujarat).
The CIN (Corporate Identification Number) of JM Financial Products is U74140MH1984PLC033397. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
JM Financial Products has 96 court cases on record: 78 filed by the company and 18 filed against it. 41 are pending. Most are in the district courts.
JM Financial Products was incorporated on 10 July 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
JM Financial Products has 23 deals on record (20 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹1,275 Cr; the latest was in March 2025.
The peers of JM Financial Products by revenue are Payu Finance India Private Limited, Ambit Finvest Private Limited, Arman Financial Services Limited, Paisalo Digital Limited, all in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (financial and credit leasing activities).
Roshini Hemant Bakshi ceased to be Director on 20 Jan 2025. Anup Pravin Shah was appointed as Director on 18 Oct 2024. Dipti Neelakantan was appointed as Director on 18 Oct 2024. JM Financial Products has 41 board changes on record in total.
JM Financial Products has 15 MSME Form 1 returns on record between 2019 and 2024, listing 64 overdue payments to 16 micro and small suppliers. The latest return was filed on 26 Apr 2024.
JM Financial Products can be reached through the website jmfinancialproducts.com. Its registered office is in Mumbai, Maharashtra, India.
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