About Kothari World Finance Limited
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Kothari World Finance Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 05 January 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65993MH1985PLC035005. Its GSTIN is 27AAACG3691A1ZX (Maharashtra).
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹7.44 Cr. It was formerly known as Grenada Investment and Trading Company Limited. It is led by directors including Liza Nitesh Kothari (Managing Director) and Nitesh Prataprai Kothari.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.68 Cr, a decline of 24.52% compared to the previous year.
The company is associated with 1 brand: Kothari World. As per MCA filings, the company has open charges of ₹15 Cr and satisfied charges of ₹39.2 Lakh on record. Court records list 16 cases involving the company, including 8 filed by the company and 8 filed against it; 4 cases are pending. The company has 9 deals on record (9 market trades); the latest was in March 2014. The company has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kothariworld.com.
Company details
CIN history
Kothari World Finance has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U65993MH1985PLC035005, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65993MH1985PLC035005 | Current |
| L65993MH1985PLC035005 | Previous |
| L69990MH1985PLC035005 | Previous |
| U69990MH1985PLC035005 | Previous |
Contact details
Kothari World Finance Limited's registered office is in Mumbai, Maharashtra. Its website is kothariworld.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 3304 Marathon Futurex, A Wing 33rd Floor N.M.Joshi Marg Mafatlal Mills Compound Lower Parel (East), Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Kothari World Finance 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
Kothari World Finance operates one associated brand: Kothari World. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development services are provided in Mumbai, India. | kothariworld.com |
Business activity
Kothari World Finance operates primarily in the financial and insurance service sector. 2 business activities are registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Other financial activities |
To see the full business activity and turnover split of Kothari World Finance Limited, buy the company report.
Financials of Kothari World Finance Limited
FY 2025 filings availableKothari World Finance Limited reported revenue of ₹4.68 Cr (down 24.52% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24.52% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
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| Total Revenue | ₹4.68 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Kothari World Finance Limited, buy the company report.
Board of directors of Kothari World Finance Limited
Kothari World Finance has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitesh Prataprai Kothari | Director | 29 Aug 2002 | 24 Years 2 Months | Current |
| Manohar Mahadev Mhatre | Director | 05 Dec 2020 | 5 Years 10 Months | Current |
| Liza Nitesh Kothari | Managing Director | 26 Feb 2007 | 19 Years 8 Months | Current |
Auditor
Kothari World Finance Limited is audited by JMK & CO. for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JMK & CO. | FY 2019 | 120459W |
Shareholding
The shareholding of Kothari World Finance Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kothari World Finance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jul 2025 | 101129436 | Axis Bank Limited | ₹15 Cr | Open | |
| 20 Oct 2020 | 100387833 | Others | ₹39.2 Lakh | Satisfied |
To see the full charge records of Kothari World Finance Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Kothari World Finance Limited has 9 deals on record (9 market trades); the latest was in March 2014.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2014 | Market trade | ₹19.6 Lakh | Seller: Pioneer Investcorp Limited |
| May 2013 | Market trade | ₹18.4 Lakh | Buyer: Pioneer Investcorp Limited |
| May 2013 | Market trade | ₹19.6 Lakh | Buyer: Pioneer Investcorp Limited |
| May 2013 | Market trade | ₹21.1 Lakh | Buyer: Pioneer Investcorp Limited |
| Mar 2013 | Market trade | ₹42.2 Lakh | Buyer: Mahesh P Vora Huf, an individual Seller: Vora Financial Services Private Limited |
To see the full deal history of Kothari World Finance 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
Kothari World Finance Limited has 16 court cases on record: 8 filed by Kothari World Finance, 8 filed against it. 4 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 3 | 2 |
| NCLAT | 4 | 4 | 2 |
| High courts | 2 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed against the company by Deepti Mayur Suchak (Director of M/S Renaissance Urban Infra Pvt. Ltd) and 1 other | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Renaissance Uran Infra Pvt. Ltd. and 2 others | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against K.M. Mehta Stone and Engineering Works Pvt Ltd and 4 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Jawahar Engineers Pvt Ltd and 2 others | Disposed |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed against the company by individuals | Pending |
To see the full case history of Kothari World Finance 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.
MSME payment delays
Kothari World Finance Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Digitus Technotrade Private Limited |
To see the full MSME payment records of Kothari World Finance Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Kothari World Finance has 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
GST
Kothari World Finance has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG3691A1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kothari World Finance Limited, buy the company report.
Recent activity
Kothari World Finance Limited has 12 board changes on record since 2002: 3 appointments and 9 cessations. The latest: Manohar Mahadev Mhatre ceased to be Additional Director on 28 Sep 2021.
6 earlier events are in the company report.
Frequently asked questions
Kothari World Finance is an active public limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 05 January 1985 (41+ years old) and is registered under CIN U65993MH1985PLC035005.
Kothari World Finance has 3 current directors:
- Liza Nitesh Kothari - Managing Director
- Nitesh Prataprai Kothari - Director
- Manohar Mahadev Mhatre - Director
The latest financial statements of Kothari World Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Kothari World Finance is 27AAACG3691A1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Kothari World Finance is U65993MH1985PLC035005. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kothari World Finance has 16 court cases on record: 8 filed by the company and 8 filed against it. 4 are pending. Most are in the district courts.
Kothari World Finance was incorporated on 05 January 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
Kothari World Finance has 9 deals on record (9 market trades); the latest was in March 2014.
Manohar Mahadev Mhatre ceased to be Additional Director on 28 Sep 2021. Manohar Mahadev Mhatre was appointed as Director on 05 Dec 2020. Jayeshkumar Narottamdas Gandhi ceased to be Director on 02 Feb 2019. Kothari World Finance has 12 board changes on record in total.
Kothari World Finance has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 01 Nov 2019.
Kothari World Finance can be reached through the website kothariworld.com. Its registered office is in Mumbai, Maharashtra, India.
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