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 U67190MH2001PLC227379.
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.
As per the financials filed for FY 2023, the company reported a revenue of ₹15.8 Cr, a decline of 59.32% compared to the previous year.
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.
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Registered Address301 Gujrals House 167 Cst Road Opp Idbi Bank Kolivery Area Village Mmrda Kalina Sa, Ntacruz(E), Mumbai, Maharashtra, India – 400098
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IndustryFinancial Services, NBFC, Investment & Credit 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 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 |
|---|---|---|
| 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
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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 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 |
|---|---|---|---|---|
| Locked | Financial and insurance Service | Locked | Other financial activities | Locked |
Detailed business activity records for Karvy Financial Services 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 Karvy Financial Services Limited
Karvy Financial Services Limited is audited by SSMS and Co 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 |
|---|---|---|---|
| SSMS and Co | Locked | Locked | Locked |
Complete auditor history for Karvy Financial Services 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 and KMP of Karvy Financial Services Limited
Karvy Financial Services Limited currently reports 3 directors and 1 key managerial person. 26 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mallikarjuna Venkateswara Uppaluri Babu | Director | 20 Jun 2025 | 1 Years 2 Months | Current |
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Mahesh Vijayagopal
Also directs:
Karvy Broking (Ifsc) Limited, Karvy Financial Services Limited, Karvy Insurance Repository Limited and 5 more
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Director | 17 Jul 2009 | 17 Years 1 Months | Current |
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Bhalchandra Vinayak Jadhav
Also directs:
Karvy Financial Services Limited, Karvy Holdings Limited, Karvy Investment Advisory Services Limited and 2 more
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Cfo | 21 Oct 2024 | 1 Years 10 Months | Current |
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Sashi Kumar Maranganti
Also directs:
Karvy Financial Services Limited
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Director | 27 Jun 2025 | 1 Years 1 Months | Current |
Financials of Karvy Financial Services Limited FY 2025 filings available
Karvy Financial Services Limited reported revenue of ₹15.8 Cr (down 59.32% YoY) for FY 2023.
Ten-year financial statements for Karvy Financial Services 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 Karvy Financial Services Limited
Shareholding and ownership data for Karvy Financial Services 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 Karvy Financial Services Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 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
Karvy Financial Services Limited has a workforce of 17 employees as of Apr 03, 2024.
Employee and EPFO history for Karvy Financial Services 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 Karvy Financial Services Limited
GST registrations and filing compliance for Karvy Financial Services 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 Karvy Financial Services Limited
Credit ratings, litigation, and regulatory alerts for Karvy Financial Services 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 Karvy Financial Services Limited
MSME payment history for Karvy Financial Services 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 Karvy Financial Services Limited
Corporate group structure for Karvy Financial Services 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 Karvy Financial Services Limited
MCA filings and documents for Karvy Financial Services 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 Karvy Financial Services Limited
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.
Karvy Financial Services Limited reported revenue of ₹15.8 Cr for FY 2023 (down 59.32% YoY).
The current directors and KMP of Karvy Financial Services Limited are:
- Mallikarjuna Venkateswara Uppaluri Babu - Director
- Mahesh Vijayagopal - Director
- Bhalchandra Vinayak Jadhav - Cfo
- Sashi Kumar Maranganti - Director
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.