About Karnavati Finance Limited
Data last updated: 13 July 2026
Karnavati Finance Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in investment and credit NBFC, a part of the broader financial services sector. Incorporated on 05 December 1984, the company has been in operation for over 42 years.
Registered with ROC Mumbai under CIN L65910MH1984PLC034724. Listed on BSE: 538928.
Capital: an authorised share capital of ₹10.5 Cr and a paid-up capital of ₹10.05 Cr. Formerly known as Karnavati Finance & Leasing Limited. It is led by directors including Jay Ramanbhai Morzaria and Raman Pragjibhai Morzaria.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Mumbai, Maharashtra.
As per BSE-filed standalone financials for FY 2024, the company reported a revenue of ₹3.04 Cr, a growth of 6.81% compared to the previous year. The net worth stands at ₹11.91 Cr (down 12.29% YoY). Total assets are valued at ₹28.73 Cr (up 5.09% YoY).
The company is associated with 1 brand - Karnavati Finance.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karnavatifinancelimited.com.
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Registered AddressVraj Group 2Nd Floor Simran Centre Mogra Village, 30H Parsi Panchayat Road Andheri East, Mumbai, Maharashtra, India – 400053
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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
CIN History of Karnavati Finance Limited
Karnavati Finance Limited has one previous CIN (Corporate Identification Number): U65910MH1984PLC034724. The current CIN is L65910MH1984PLC034724, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65910MH1984PLC034724 | Current |
| U65910MH1984PLC034724 | Previous |
Associated Brands with Karnavati Finance Limited
Karnavati Finance Limited operates one associated brand: Karnavati Finance. These brands represent Karnavati Finance Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Diverse financial services including personal and business loans are provided. | karnavatifinancelimited.com |
Competitors & Alternatives of Karnavati Finance Limited
Brands and companies operating in the same space as Karnavati Finance Limited include Manappuram Finance, L & T Finance Holdings, Bajaj Finserv and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Manappuram Finance
|
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
|
Financial solutions including loans and insurance are offered. | Pune, India, India | 2007 |
Northern Arc Capital
|
Household and business loans are provided with risk management support. | Chennai, India, India | 2006 |
IIFL Finance
|
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 Karnavati Finance Limited
Karnavati Finance Limited operates primarily in the financial and insurance service sector. The company has 1 registered business activity segment, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Financial and insurance Service | Locked | Other financial activities | Locked |
Detailed business activity records for Karnavati Finance Limited
Activity codes and turnover contribution percentages require an active report plan.
- Activity group codes
- Detailed activity codes
- Turnover contribution
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Auditor Details of Karnavati Finance Limited
Karnavati Finance Limited is audited by DOSHI MARU & ASSOCIATES for the financial year 2019. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DOSHI MARU & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Karnavati Finance Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Karnavati Finance Limited
Karnavati Finance Limited is currently managed by 6 directors, with 11 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
Financials of Karnavati Finance Limited FY 2024 filings available
Karnavati Finance Limited reported revenue of ₹3.04 Cr (up 6.81% YoY) for FY 2024.
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹3.04 Cr | ₹2.85 Cr | ₹2.4 Cr | ₹1.22 Cr | ₹2.76 Cr | ₹3.24 Cr |
| Interest Earned | ₹3.04 Cr | ₹2.78 Cr | ₹2.2 Cr | ₹1 Cr | ₹2.76 Cr | - |
| Other Income | ₹30,000 | ₹0 | ₹7.54 Lakh | ₹23,000 | ₹0 | ₹0 |
| Total Income | ₹3.04 Cr | ₹2.85 Cr | ₹2.48 Cr | ₹1.22 Cr | ₹2.76 Cr | - |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹1.49 Lakh | ₹0 | ₹0 |
| Changes in Inventories | -₹3,000 | -₹14,000 | -₹6,000 | -₹1.46 Lakh | -₹2,600 | ₹0 |
| Employee Benefit Expense | ₹71.22 Lakh | ₹68.1 Lakh | ₹38.82 Lakh | ₹30.9 Lakh | ₹32.41 Lakh | ₹27.85 Lakh |
| Finance Costs | ₹1.57 Cr | ₹33.33 Lakh | ₹2.86 Lakh | ₹4.91 Lakh | ₹26.1 Lakh | ₹1.58 Cr |
| Depreciation & Amortisation | ₹34,000 | ₹66,000 | ₹77,000 | ₹1.24 Lakh | ₹1.26 Lakh | - |
| Other Expenses | ₹2.33 Cr | ₹93.35 Lakh | ₹1.65 Cr | ₹62.73 Lakh | ₹1.82 Cr | ₹38.4 Lakh |
| Total Expenses | ₹4.62 Cr | ₹2.1 Cr | ₹2.07 Cr | ₹1.02 Cr | ₹2.62 Cr | ₹2.25 Cr |
| Profit Before Exceptional Items & Tax | -₹1.57 Cr | ₹74.76 Lakh | ₹40.5 Lakh | ₹20.48 Lakh | ₹13.96 Lakh | - |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | - |
| Profit Before Tax | -₹1.57 Cr | ₹74.76 Lakh | ₹40.5 Lakh | ₹20.48 Lakh | ₹13.96 Lakh | ₹98.69 Lakh |
| Total Tax Expense | ₹9.43 Lakh | ₹18.65 Lakh | ₹10.19 Lakh | ₹8.13 Lakh | ₹3.2 Lakh | ₹26.46 Lakh |
| Net Profit | -₹1.67 Cr | ₹56.11 Lakh | ₹30.31 Lakh | ₹12.35 Lakh | ₹10.75 Lakh | ₹72.23 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | - |
| Total Comprehensive Income | -₹1.67 Cr | ₹56.11 Lakh | ₹30.31 Lakh | ₹12.35 Lakh | ₹10.75 Lakh | - |
| EBITDA (computed) | ₹5,000 | ₹1.09 Cr | ₹44.13 Lakh | ₹26.63 Lakh | ₹41.32 Lakh | - |
| Basic EPS | ₹-0.17 | ₹0.06 | ₹0.30 | ₹0.12 | ₹0.11 | - |
| Diluted EPS | ₹-0.17 | ₹0.06 | ₹0.30 | ₹0.12 | ₹0.11 | - |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Total Assets | ₹28.73 Cr | ₹27.34 Cr | ₹14.46 Cr | ₹18.92 Cr | ₹24.43 Cr | ₹29.32 Cr |
| Non-current Assets | - | - | - | - | - | ₹16.9 Lakh |
| Current Assets | - | - | - | - | - | ₹29.15 Cr |
| Property, Plant & Equipment | ₹56,300 | ₹90,000 | ₹1.57 Lakh | ₹2.53 Lakh | ₹3.78 Lakh | - |
| Inventories | ₹1.88 Lakh | ₹1.85 Lakh | ₹1.71 Lakh | ₹1.65 Lakh | ₹19,000 | ₹17,000 |
| Cash & Equivalents | ₹14.3 Lakh | ₹1.67 Cr | ₹10.39 Lakh | ₹10.66 Lakh | ₹30.78 Lakh | ₹15.4 Lakh |
| Equity (Net Worth) | ₹11.91 Cr | ₹13.58 Cr | ₹13.01 Cr | ₹12.71 Cr | ₹12.59 Cr | - |
| Equity Share Capital | ₹10.05 Cr | ₹10.05 Cr | ₹10.05 Cr | ₹10.05 Cr | ₹10.05 Cr | - |
| Current Liabilities | - | - | - | - | - | ₹81.28 Lakh |
| Total Liabilities | ₹16.82 Cr | ₹13.76 Cr | ₹1.45 Cr | ₹6.2 Cr | ₹11.84 Cr | - |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | -₹2.79 Cr | -₹9.44 Cr | ₹4.25 Cr |
| Investing Cash Flow | ₹0 | ₹0 | ₹20,000 |
| Financing Cash Flow | ₹1.25 Cr | ₹11.01 Cr | -₹4.25 Cr |
| Capital Expenditure | ₹0 | ₹0 | -₹20,000 |
| Free Cash Flow (computed) | -₹2.79 Cr | -₹9.44 Cr | ₹4.25 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹1.55 Cr | ₹1.57 Cr | -₹27,000 |
| Metrics | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|
| Revenue from Operations | ₹40.88 Lakh | ₹27.89 Lakh | ₹62.57 Lakh |
| Interest Earned | ₹39 Lakh | ₹27.89 Lakh | ₹62.57 Lakh |
| Other Income | ₹0 | ₹0 | ₹0 |
| Total Income | ₹40.88 Lakh | ₹27.89 Lakh | ₹62.57 Lakh |
| Cost of Materials Consumed | ₹1.88 Lakh | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹3.52 Lakh | ₹3.37 Lakh | ₹7.42 Lakh |
| Finance Costs | ₹27 Lakh | ₹27.54 Lakh | ₹34.29 Lakh |
| Depreciation & Amortisation | ₹2,000 | ₹2,000 | ₹4,000 |
| Other Expenses | ₹14.8 Lakh | ₹87.14 Lakh | ₹4 Lakh |
| Total Expenses | ₹47.22 Lakh | ₹1.18 Cr | ₹45.75 Lakh |
| Profit Before Exceptional Items & Tax | -₹6.34 Lakh | -₹90.18 Lakh | ₹16.82 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹6.34 Lakh | -₹90.18 Lakh | ₹16.82 Lakh |
| Total Tax Expense | ₹0 | -₹4.37 Lakh | ₹4.37 Lakh |
| Net Profit | -₹6.34 Lakh | -₹85.81 Lakh | ₹12.45 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹6.34 Lakh | -₹85.81 Lakh | ₹12.45 Lakh |
| EBITDA (computed) | ₹20.68 Lakh | -₹62.62 Lakh | ₹51.15 Lakh |
| Basic EPS | ₹-0.01 | ₹-0.09 | ₹0.01 |
| Diluted EPS | ₹-0.01 | ₹-0.09 | ₹0.01 |
Shareholding Pattern of Karnavati Finance Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 62.06%, retail and other public shareholders hold 37.94% of Karnavati Finance Limited. The company had 9,800 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 62.06% | 58.94% | 58.64% | 58.64% | 58.64% | 58.64% |
| Public | 37.94% | 41.06% | 41.36% | 41.36% | 41.36% | 41.36% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 62.06% | 58.64% | 58.64% |
| Public | 37.94% | 41.36% | 41.36% |
| Promoter change (YoY, %pts) | +3.42 | +0.00 | - |
Charges & Borrowings Karnavati Finance Limited
Karnavati Finance Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Karnavati Finance Limited
View historical data on people associated with Karnavati Finance Limited, including employment history and EPFO contributions.
Employee and EPFO history for Karnavati Finance Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Karnavati Finance Limited
GST registrations and filing compliance for Karnavati Finance 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
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Credit Ratings, Litigation & Regulatory Alerts for Karnavati Finance Limited
Credit ratings, litigation, and regulatory alerts for Karnavati Finance Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
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MSME Payment Delays by Karnavati Finance Limited
MSME payment history for Karnavati Finance 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
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Subsidiaries & Group Companies of Karnavati Finance Limited
Corporate group structure for Karnavati Finance Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
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MCA Filings & Documents of Karnavati Finance Limited
MCA filings and documents for Karnavati Finance Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
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Recent Activity on Karnavati Finance Limited
Recent News on Karnavati Finance Limited
Frequently Asked Questions about Karnavati Finance Limited
Karnavati Finance Limited is an active public limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 05 December 1984 (42+ years old) and is registered under CIN L65910MH1984PLC034724. Listed on BSE: 538928.
Karnavati Finance Limited reported revenue of ₹3.04 Cr for FY 2024 (up 6.81% YoY) based on standalone BSE filings.
The current directors of Karnavati Finance Limited are:
- Jay Ramanbhai Morzaria - Managing Director
- Raman Pragjibhai Morzaria - Whole-Time Director
- Brinda Minoo Bilimoria - Director
- Parth Chandreshbhai Maniar - Director
- Vineshkumar Popatlal Makadia - Director
- Ashish Nandkishor Batavia - Director
The primary industry of Karnavati Finance Limited is financial services. The company specifically operates in investment and credit nbfc. The company is currently active in this sector.
Yes. Karnavati Finance Limited is listed on BSE with code 538928.
Karnavati Finance Limited can be reached at the registered office: Vraj Group 2Nd Floor Simran Centre Mogra Village, 30H Parsi Panchayat Road Andheri East, Mumbai, Maharashtra, India – 400053, or through the website karnavatifinancelimited.com.