Karvy Financial Services Limited

Karvy Financial Services Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN U67190MH2001PLC227379 Incorporated 18 October 2001 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Public Limited Company financial services
Data last updated
Revenue · Latest
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Latest filing
EBITDA · Latest
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Net profit · Latest
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In full report
Authorised capital
₹205 Cr
Registered with MCA
Paid-up capital
₹78.25 Cr
Issued & subscribed
Open charges
None
Satisfied ₹2,818.74 Cr
Company age
25 yrs
Est. 2001
Employees · EPFO
17
Latest available

About Karvy Financial Services Limited

Data last updated: 17 December 2025

Karvy Financial Services Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Karvy Stock Broking Limited. It specialises in non-banking financial services (NBFC), a part of the broader financial services sector. Incorporated on 18 October 2001, the company has been in operation for over 25 years.

Registered with ROC Mumbai under CIN U67190AP2001PLC037960.

Capital: an authorised share capital of ₹205 Cr and a paid-up capital of ₹78.25 Cr. Formerly known as Criterion Finance Services P Ltd and Karvy Financial Services P Limited. It is led by directors including Mallikarjuna Venkateswara Uppaluri Babu and Mahesh Vijayagopal.

Last AGM: 13 August 2025. Financial statements filed for year ended 31 March 2025. Office: Mumbai, Maharashtra.

The company has a workforce of approximately 17 employees as per the latest available data. It operates as a subsidiary of Karvy Stock Broking Limited.

The company is associated with 1 brand - Karvy Finance. As per MCA filings, the company has satisfied charges of ₹2,818.74 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 karvyfinance.com.

Company Details of Karvy Financial Services Limited
CIN U67190MH2001PLC227379
Registration Number 227379
Incorporation Date 18 October 2001
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 13 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Karvy Stock Broking Limited
Compliance Status Active Compliant
Key People
Bhalchandra Vinayak Jadhav Cfo Mallikarjuna Venkateswara Uppaluri Babu Director Mahesh Vijayagopal Director
Contact Details
  • Email
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  • Telephone
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  • Website
    **************
  • Social Media
  • Registered Address
    301 Gujrals House 167 Cst Road Opp Idbi Bank Kolivery Area Village Mmrda Kalina Sa, Ntacruz(E), Mumbai, Maharashtra, India – 400098
  • Industry
    Financial Services, NBFC, Investment & Credit NBFC
Company report
Karvy Financial Services Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Karvy Financial Services Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Karvy Financial Services Limited

Karvy Financial Services Limited has undergone 2 name changes throughout its history. The company was previously known as Criterion Finance Services P Ltd, and Karvy Financial Services P Limited. The current legal name is Karvy Financial Services Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
Karvy Financial Services Limited Current
Criterion Finance Services P Ltd Previous
Karvy Financial Services P Limited Previous

CIN History of Karvy Financial Services Limited

Karvy Financial Services Limited has one previous CIN (Corporate Identification Number): U67190AP2001PLC037960. The current CIN is U67190MH2001PLC227379, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
U67190MH2001PLC227379 Current
U67190AP2001PLC037960 Previous

Associated Brands with Karvy Financial Services Limited

Karvy Financial Services Limited operates one associated brand: Karvy Finance. These brands represent Karvy Financial Services Limited's diversified market presence and brand portfolio.

Brand Description Website
Karvy Finance
Provides secured loans for MSMEs, currently valued at $79.1 million. karvyfinance.com

Competitors & Alternatives of Karvy Financial Services Limited

Brands and companies operating in the same space as Karvy Financial Services Limited include Manappuram Finance, L & T Finance Holdings, Bajaj Finserv and 6 more.

Competitor Description Location Founded
Manappuram Finance Manappuram Finance Consumer and SME loans are provided by Manappuram Finance. Valapad, India, India 1992
L & T Finance Holdings L & T Finance Holdings Diversified lending services are provided as a non-banking financial institution. Mumbai, India, India 1994
Bajaj Finserv Bajaj Finserv Financial solutions including loans and insurance are offered. Pune, India, India 2007
Northern Arc Capital Northern Arc Capital Household and business loans are provided with risk management support. Chennai, India, India 2006
IIFL Finance IIFL Finance Online gold, home, personal, and business loans are provided. Mumbai, India, India 1995
Mahindra Finance Mahindra Finance Consumer and SME loans are provided by Mahindra Finance. Mumbai, India, India 1991
Hero Fincorp Hero Fincorp 2-wheeler loans and consumer/business financing are provided by Hero Fincorp. Delhi, India, India 1991
Kinara Capital Kinara Capital Collateral-free loans are provided to MSMEs for business operations. Bengaluru, India, India 2011
Dvara KGFS Dvara KGFS Loans for consumers and SMEs are provided alongside financial services. Chennai, India, India 2008

Business Activity of Karvy Financial Services Limited

Karvy Financial Services 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
********* Financial and insurance Service ********* Other financial activities *********

Board of Directors of Karvy Financial Services Limited

Karvy Financial Services Limited is currently managed by 6 directors, with 26 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Mallikarjuna Venkateswara Uppaluri Babu
Also directs: Shorapur Solar Power Limited, Karvy Renewable Energy Projects Limited
Director 20 Jun 2025 1 Years 0 Months Current
Mahesh Vijayagopal
Also directs: Karvy Broking (Ifsc) Limited, Karvy Insurance Repository Limited, Karvy Next Limited and 4 more
Director 17 Jul 2009 16 Years 11 Months Current
Bhalchandra Vinayak Jadhav
Also directs: Karvy Holdings Limited, Karvy Investment Advisory Services Limited, Pelican Wealth Advisory Services Private Limited and 1 more
Cfo 21 Oct 2024 1 Years 8 Months Current
Sashi Kumar Maranganti Director 27 Jun 2025 1 Years 0 Months Current
View all directors

Financials of Karvy Financial Services Limited FY 2025 filings available

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Consolidated Statements

Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.

Unlock Complete Financial History (FY 2015 – Latest)
Standalone & Consolidated - Income Statement, Balance Sheet, Cash Flow, Financial Ratios and Growth Trends with 10+ years of line-item data.
10+ years of data Line-item breakdown Balance Sheet detail Cash Flow analysis 20+ ratios & metrics Downloadable PDF

Charges & Borrowings of Karvy Financial Services Limited

Open charges
₹0
Satisfied charges
₹2,818.74 Cr
Breakdown by lending institutions
Bank of India₹350.00 Cr
State Bank of India₹350.00 Cr
Idbi Bank Limited₹200.00 Cr
Canara Bank₹175.00 Cr
Others₹158.74 Cr
Others₹1,585.00 Cr
Latest charge details
DateLenderAmountStatus
18 Mar 2017 Others ₹100 Cr Satisfied
17 Nov 2016 Canara Bank ₹75 Cr Satisfied
15 Feb 2016 Small Industries Development Bank of India ₹50 Cr Satisfied
29 Dec 2015 Andhra Bank ₹25 Cr Satisfied
07 Dec 2015 State Bank of India ₹200 Cr Satisfied

Total charge records: 43 View all charges

Employees and EPFO Compliance at Karvy Financial Services Limited

View historical data on people associated with Karvy Financial Services Limited, including employment history and EPFO contributions.

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Karvy Financial Services Limited

Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.

Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Karvy Financial Services Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Karvy Financial Services Limited

Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.

GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Karvy Financial Services Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Karvy Financial Services Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Karvy Financial Services Limited

MSME Payment Delays by Karvy Financial Services Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Karvy Financial Services Limited

Subsidiaries & Group Companies of Karvy Financial Services Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Karvy Financial Services Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Karvy Financial Services Limited

MCA Filings & Documents of Karvy Financial Services Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Karvy Financial Services Limited

Activity
13 Aug 2025
Karvy Financial Services Limited last Annual general meeting of members was held on 13 Aug 2025 as per latest MCA records.
Directors
27 Jun 2025
Sashi Kumar Maranganti was appointed as a Director on 27 Jun 2025 & has been associated with this company since 1 year 13 days.
Directors
20 Jun 2025
Mallikarjuna Venkateswara Uppaluri Babu was appointed as a Director on 20 Jun 2025 & has been associated with this company since 1 year 20 days.
Activity
31 Mar 2025
Karvy Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Directors
07 Nov 2024
Bhalchandra Vinayak Jadhav was appointed as a Cfo on 07 Nov 2024 & has been associated with this company since 1 year 8 months.
Directors
21 Oct 2024
Bhalchandra Vinayak Jadhav was appointed as a CFO on 21 Oct 2024 & has been associated with this company since 1 year 8 months.

Recent News on Karvy Financial Services Limited

Frequently Asked Questions about Karvy Financial Services Limited

Karvy Financial Services Limited is an active public limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 18 October 2001 (25+ years old) and is registered under CIN U67190MH2001PLC227379. The company has 17 employees.

The current directors of Karvy Financial Services Limited are:

The primary industry of Karvy Financial Services Limited is financial services. The company specifically operates in nbfc. The company is currently active in this sector.

Karvy Financial Services Limited can be reached at the registered office: 301 Gujrals House 167 Cst Road Opp Idbi Bank Kolivery Area Village Mmrda Kalina Sa, NtacruzE, Mumbai, Maharashtra, India – 400098, or through the website karvyfinance.com.

The authorised capital is ₹205 Cr, and the paid-up capital is ₹78.25 Cr.

The company has its registered office at 301 Gujrals House 167 Cst Road Opp Idbi Bank Kolivery Area Village Mmrda Kalina Sa, NtacruzE, Mumbai, Maharashtra, India – 400098.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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