Karvy Financial Services Limited - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 2001.

2001 Mumbai, Maharashtra, India Active

Last Updated: December 17, 2025

About Karvy Financial Services Limited

Karvy Financial Services Limited, a active public limited company, was established on 18 October 2001 in Mumbai, Maharashtra, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: U67190MH2001PLC227379. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹205.00 Cr and a paid-up capital of ₹78.25 Cr.

Formerly known as Criterion Finance Services P Ltd, Karvy Financial Services P Limited. It upholds a compliant status. Employing 17 professional, Its leadership includes Mallikarjuna Venkateswara Uppaluri Babu (Director), Mahesh Vijayagopal (Director), Bhalchandra Vinayak Jadhav (Cfo). Past directors included Mallikarjuna Venkateswara Uppaluri Babu, Bhagwan Dass Narang, Sunil Madhav Samdani. It holds no open charges and ₹2,818.74 Cr settled loans. Its latest AGM occurred on 13 August 2025, with the balance sheet filed on 31 March 2025. It is based at 301, Gujrals House, 167, Cst Road, Opp Idbi Bank, Kolivery Area Village, Mmrda, Kalina, Sa, Ntacruz(E), Mumbai, Maharashtra, 400098.

Company Details

CIN/LLPIN
U67190MH2001PLC227379
Registration Number
227379
Incorporation Date
18 October 2001
Authorized Capital
₹205.00 Cr
Paid-Up Capital
₹78.25 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 205.00 Cr as on 17-12-2025
Paid Up Capital ₹ 78.25 Cr as on 17-12-2025
Company Age 24 Year, 3 Months
Last Filing with ROC 31 Mar 2025
Satisfied Charges ₹ 2,818.74 Cr as on 17-12-2025
Revenue Growth **** -59.32% (FY 2023)
Profit Growth **** -215.12% (FY 2023)
Ebitda **** -178.77% (FY 2023)
Net Worth -25.71% (FY 2023)
Total Assets -24.51% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Karvy Financial Services Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report

Who are the key members and board of directors at Karvy Financial Services Limited?

Current Directors

Name	Designation	Appointment Date	Status
Mallikarjuna Venkateswara Uppaluri Babu	Director	20 Jun 2025	Current
Mahesh Vijayagopal	Director	17 Jul 2009	Current
Bhalchandra Vinayak Jadhav	Cfo	21 Oct 2024	Current
Sashi Kumar Maranganti	Director	27 Jun 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	12 Aug 2025	Past
Pramod Abcsdd	Additional Director	29 Apr 2013	Past
Pramod Abcsdd	Cfo	10 Mar 2015	Past
Pramod Abcsdd	Company Secretary	-	Past
Pramod Abcsdd	Additional Director	10 Aug 2009	Past
Pramod Abcsdd	Additional Director	26 Dec 2016	Past

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Financial Performance of Karvy Financial Services.

Karvy Financial Services Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 59.32% decrease. The company also saw a substantial fall in profitability, with a 215.12% decrease in profit. The company's net worth observed a substantial decline by a decrease of 25.71%.

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

********

-59.32%

*******

Revenue from Operations

*******

-75.13%

*******

Total Assets

*******

-24.51%

*******

Profit or Loss

*******

-215.12%

*******

Net Worth

*******

-25.71%

*******

EBITDA

*******

-178.77%

*******

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What is the Ownership and Shareholding Structure of Karvy Financial Services?

In 2023, Karvy Financial Services 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

₹0

Satisfied Charges

₹28,187,400,000.00

Charges 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 : 1585.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
18 Mar 2017	Others	₹100.00 Cr	Satisfied
17 Nov 2016	Canara Bank	₹75.00 Cr	Satisfied
15 Feb 2016	Small Industries Development Bank Of India	₹50.00 Cr	Satisfied
29 Dec 2015	Andhra Bank	₹25.00 Cr	Satisfied
07 Dec 2015	State Bank Of India	₹200.00 Cr	Satisfied

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How Many Employees Work at Karvy Financial Services?

Karvy Financial Services has a workforce of 17 employees as of Apr 03, 2024. 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 Karvy Financial Services, 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 Karvy Financial Services'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 Karvy Financial Services

Recent Activity within the Organization

Annual General Meeting

Progress on Karvy Financial Services Limited last Annual general meeting of members was held on 13 Aug 2025 as per latest MCA records. was documented.
13 Aug 2025
Director Appointment

Progress on Sashi Kumar Maranganti was appointed as a Director was appointed as a Director on 27 Jun 2025 & has been associated with this company since 7 months 18 days . was documented.
27 Jun 2025
Director Appointment

Progress on Mallikarjuna Venkateswara Uppaluri Babu was appointed as a Director was appointed as a Director on 20 Jun 2025 & has been associated with this company since 7 months 25 days . was documented.
20 Jun 2025
Balance Sheet

The activity Karvy Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was completed.
31 Mar 2025
Director Appointment

The activity Bhalchandra Vinayak Jadhav was appointed as a Cfo was appointed as a Cfo on 07 Nov 2024 & has been associated with this company since 1 year 3 months . was completed.
07 Nov 2024
Director Appointment

The activity Bhalchandra Vinayak Jadhav was appointed as a CFO was appointed as a CFO on 21 Oct 2024 & has been associated with this company since 1 year 3 months . was completed.
21 Oct 2024

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