Mahaveer Finance India Limited - Company Profile

It is a financial services public limited company based in Chennai, Tamil Nadu, India, established in 1981.

1981 Chennai, Tamil Nadu, India Active

Last Updated: December 20, 2025

About Mahaveer Finance India Limited

Mahaveer Finance India Limited, a active public limited company, was established on 05 January 1981 in Chennai, Tamil Nadu, India. Engaging in investment & credit nbfc within the financial and insurance service sector, it holds CIN: U65191TN1981PLC008555. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹25.00 Cr and a paid-up capital of ₹22.13 Cr.

Formerly known as Deccan Investment Holdings Private Limited, Madan Finance Limited. It upholds a compliant status. Its leadership includes Mridul Arora (Additional Director), Mahaveerchand Dugar (Whole-Time Director), Deepak Dugar (Managing Director). Past directors included Peruvemba Seetharamier Balasubramaniam, Chidambar, Mahaveerchand Dugar. It holds ₹1,541.07 Cr open charges and ₹957.53 Cr settled loans. Its latest AGM occurred on 13 August 2025, with the balance sheet filed on 31 March 2025. It is based at Agarwal Court, K.G.Plaza,Shop Nos. T8 & T9, 3Rd Floor, No.41-44, General Patters Roa, D,, Chennai, Tamil Nadu, 600002.

Company Details

CIN/LLPIN
U65191TN1981PLC008555
Registration Number
008555
Incorporation Date
05 January 1981
Authorized Capital
₹25.00 Cr
Paid-Up Capital
₹22.13 Cr
ROC Code
Roc Chennai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 25.00 Cr as on 20-12-2025
Paid Up Capital ₹ 22.13 Cr as on 20-12-2025
Company Age 45 Year, 1 Month
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 1,541.07 Cr as on 20-12-2025
Satisfied Charges ₹ 957.53 Cr as on 20-12-2025
Revenue Growth **** 29.92% (FY 2024)
Profit Growth **** 13.39% (FY 2024)
Ebitda **** 25.05% (FY 2024)
Net Worth 61.34% (FY 2024)
Total Assets **** 37.04% (FY 2024)

Comprehensive Company Insights

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

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Who are the key members and board of directors at Mahaveer Finance India Limited?

Current Directors

Name	Designation	Appointment Date	Status
Mridul Arora	Additional Director	28 Aug 2025	Current
Mahaveerchand Dugar	Whole-Time Director	01 Oct 1987	Current
Deepak Dugar	Managing Director	23 May 1996	Current
Praveen Dugar	Whole-Time Director	29 Jan 2005	Current
Vishal Kumar Gupta	Nominee Director	09 Aug 2024	Current
Rakesh Kumar Bhutoria	Nominee Director	10 Aug 2023	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	09 Aug 2024	Past
Pramod Abcsdd	Director	03 May 2024	Past
Pramod Abcsdd	Managing Director	30 Jun 2023	Past
Pramod Abcsdd	Whole-Time Director	30 Jun 2023	Past
Pramod Abcsdd	Director	09 Aug 2024	Past
Pramod Abcsdd	Additional Director	23 Feb 2025	Past

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Financial Performance of Mahaveer Finance India.

Mahaveer Finance India Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 29.92% increase. The company also saw a substantial improvement in profitability, with a 13.39% increase in profit. The company's net worth Soared by an impressive increase of 61.34%.

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

********

29.92%

*******

Revenue from Operations

*******

24.89%

*******

Total Assets

*******

37.04%

*******

Profit or Loss

*******

13.39%

*******

Net Worth

*******

61.34%

*******

EBITDA

*******

25.05%

*******

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What is the Ownership and Shareholding Structure of Mahaveer Finance India?

In 2024, Mahaveer Finance India had a promoter holding of 63.91% and a public holding of 36.10%. 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

₹15,410,690,000.00

Satisfied Charges

₹9,575,315,559.00

Charges Breakdown by Lending Institutions

Others : 1205.45 Cr
Indian Overseas Bank : 173.45 Cr
Sbicap Trustee Company Limited : 62.50 Cr
Sidbi : 45.00 Cr
Yes Bank Limited : 30.00 Cr
Others : 24.67 Cr

Latest Charge Details

Date	Lender	Amount	Status
05 Nov 2025	Indian Overseas Bank	₹90.00 Cr	Open
05 Nov 2025	Indian Overseas Bank	₹10.00 Cr	Open
31 Oct 2025	Others	₹25.00 Cr	Open
30 Oct 2025	Others	₹50.00 Cr	Open
15 Oct 2025	Indian Overseas Bank	₹4.50 M	Open

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How Many Employees Work at Mahaveer Finance India?

Unlock and access historical data on people associated with Mahaveer Finance India, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

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 Mahaveer Finance India, 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 Mahaveer Finance India'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 Mahaveer Finance India

Recent Activity within the Organization

Charges

A charge registered on 12 Sep 2022 via Charge ID 100609418 with Others was fully satisfied on 28 Nov 2025. was recorded as a recent event.
28 Nov 2025
Charges

A charge registered on 30 Sep 2022 via Charge ID 100614828 with Others was fully satisfied on 21 Nov 2025. was recorded as a recent event.
21 Nov 2025
Charges

The activity A charge registered on 30 Sep 2022 via Charge ID 100614804 with Others was fully satisfied on 21 Nov 2025. was completed.
21 Nov 2025
Charges

Progress on A charge registered on 30 Sep 2022 via Charge ID 100614801 with Others was fully satisfied on 21 Nov 2025. was documented.
21 Nov 2025
Charges

A charge registered on 28 Oct 2022 via Charge ID 100626543 with Others was fully satisfied on 19 Nov 2025. was recorded as a recent event.
19 Nov 2025
Charges

The activity A charge registered on 30 Mar 2022 via Charge ID 100571261 with Indian Overseas Bank was fully satisfied on 18 Nov 2025. was completed.
18 Nov 2025

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Frequently Asked Questions

What is the CIN of Mahaveer Finance India Limited?

The CIN of Mahaveer Finance India Limited is U65191TN1981PLC008555.

Where is Mahaveer Finance India Limited headquartered?

Mahaveer Finance India Limited is headquartered at Agarwal Court, K.G.Plaza,Shop Nos. T8 & T9, 3Rd Floor, No.41-44, General Patters Roa, D,, Chennai, Tamil Nadu, 600002.

When was Mahaveer Finance India Limited incorporated?

Mahaveer Finance India Limited was incorporated on 05 January 1981.

Who are the current directors of Mahaveer Finance India Limited?

The current directors of Mahaveer Finance India Limited are

What is the primary industry of Mahaveer Finance India Limited?

The primary industry of Mahaveer Finance India Limited is Financial And Insurance Service.

Is Mahaveer Finance India Limited a listed company?

Mahaveer Finance India Limited is unlisted.

What is the capital structure of Mahaveer Finance India Limited?

The authorized capital of Mahaveer Finance India Limited is ₹25.00 Cr, and the paid-up capital is ₹22.13 Cr.

What is the compliance status of Mahaveer Finance India Limited?

The compliance status of Mahaveer Finance India Limited is Compliant.

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