About Manipal Finance Corporation Limited
Data last updated:
Manipal Finance Corporation Limited is a public limited company based in Manipal, Karnataka, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 29 March 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L65910KA1984PLC005988. Its GSTIN is 29AABCM2209H1ZO (Karnataka). It is a listed company as per MCA records. Its shares are listed on BSE: 507938.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹11.33 Cr. It is led by directors including Narayan Thonsemadhava Pai (Managing Director) and Basthi Pai Ashok.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Regd. Office Manipal House, Karnataka, India – 576104.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹19 Lakh, a decline of 97.5% compared to the previous year. For the same year it recorded a net loss of ₹19 Lakh (net margin -100%) and EBITDA of -₹5 Lakh (EBITDA margin -26.3%).
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Manipal Finance Corporation. As per MCA filings, the company has open charges of ₹32.76 Cr and satisfied charges of ₹2.95 Cr on record. Court records list 791 cases involving the company, including 574 filed by the company and 217 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mfgroupco.com.
Company details
CIN history
Manipal Finance Corporation has one previous CIN (Corporate Identification Number): L65910KA1984PTC005988. The current CIN is L65910KA1984PLC005988, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65910KA1984PLC005988 | Current |
| L65910KA1984PTC005988 | Previous |
Contact details
Manipal Finance Corporation Limited's registered office is in Manipal, Karnataka. Its website is mfgroupco.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressRegd. Office Manipal House, Karnataka, India – 576104
- IndustryFinancial Services, NBFC
To see the full contact details of Manipal Finance Corporation 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
Manipal Finance Corporation operates one associated brand: Manipal Finance Corporation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers financial operations, investor relations, and corporate governance services. | mfgroupco.com |
Business activity
The main business activity of Manipal Finance Corporation is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities |
To see the full business activity and turnover split of Manipal Finance Corporation Limited, buy the company report.
Financials of Manipal Finance Corporation Limited
FY 2025-26 filings availableManipal Finance Corporation Limited reported revenue of ₹19 Lakh (down 97.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 0.19 | 7.55 | 0.03 | 0.03 | 0.26 | 0.30 | 0.27 |
| Revenue growth | -97.5% | - | 0.0% | -88.5% | -13.3% | +11.1% | - |
| EBITDA | (0.05) | 0.17 | (0.27) | (0.26) | (0.06) | 0.05 | (6.86) |
| EBITDA margin | -26.3% | +2.3% | -900.0% | -866.7% | -23.1% | +16.7% | -2540.7% |
| Profit before tax | 0.18 | 7.22 | (0.15) | (0.19) | 0.59 | 0.83 | 6.68 |
| Net profit | (0.19) | (0.26) | (0.30) | (0.28) | (1.24) | 0.00 | (0.34) |
| Net profit margin | -100.0% | -3.4% | -1000.0% | -933.3% | -476.9% | 0.0% | -125.9% |
| EPS (₹) | 0.22 | 8.64 | (0.17) | (0.23) | 0.69 | 0.99 | 7.97 |
| Balance sheet | |||||||
| Total assets | (3.80) | (3.78) | (10.40) | (10.55) | (10.36) | (13.42) | (15.27) |
| Net worth | (7.49) | (7.68) | (14.92) | (14.78) | (14.59) | (16.37) | (18.22) |
| Total debt | 3.69 | 3.90 | 4.51 | 4.23 | 4.23 | 2.95 | 2.95 |
| Cash & bank | 0.02 | 0.02 | 0.04 | 0.03 | 0.21 | 2.31 | 0.45 |
| Net working capital | (4.56) | (4.55) | (11.85) | (12.03) | (11.85) | (14.96) | (16.85) |
| Cash flow | |||||||
| Cash from operations | 0.20 | (7.44) | (0.32) | (0.22) | (0.19) | 3.28 | 2.55 |
| Cash from investing | 0.00 | 8.04 | 0.03 | 0.04 | 2.37 | (2.03) | 5.25 |
| Cash from financing | (0.21) | (0.62) | 0.28 | 0.00 | (2.02) | (1.54) | (7.66) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.08 |
| Revenue growth (YoY) | -20.0% | 0.0% | 0.0% | -37.5% | +25.0% | - | - | - |
| Other income | 0.01 | 0.00 | 0.36 | 0.01 | 0.00 | 0.01 | 7.47 | 0.00 |
| Total expenses | 0.09 | 0.03 | 0.08 | 0.02 | 0.11 | 0.02 | 0.12 | 0.05 |
| EBITDA | (0.05) | 0.02 | (0.03) | 0.03 | (0.06) | 0.03 | (0.07) | 0.03 |
| EBITDA margin | -125.0% | +40.0% | -60.0% | +60.0% | -120.0% | +60.0% | -140.0% | +37.5% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.03 | 0.03 | 0.02 | 0.03 | 0.04 | 0.03 | 0.06 | 0.05 |
| Profit before tax | (0.07) | (0.01) | 0.31 | 0.01 | (0.10) | 0.01 | 7.34 | (0.02) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.08 |
| Revenue growth (YoY) | -20.0% | 0.0% | 0.0% | -37.5% | +25.0% | - | - | - |
| Other income | 0.01 | 0.00 | 0.36 | 0.01 | 0.00 | 0.01 | 7.47 | 0.00 |
| Total expenses | 0.09 | 0.03 | 0.08 | 0.02 | 0.11 | 0.02 | 0.12 | 0.05 |
| EBITDA | (0.05) | 0.02 | (0.03) | 0.03 | (0.06) | 0.03 | (0.07) | 0.03 |
| EBITDA margin | -125.0% | +40.0% | -60.0% | +60.0% | -120.0% | +60.0% | -140.0% | +37.5% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.03 | 0.03 | 0.02 | 0.03 | 0.04 | 0.03 | 0.06 | 0.05 |
| Profit before tax | (0.07) | (0.01) | 0.31 | 0.01 | (0.10) | 0.01 | 7.34 | (0.02) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 0.19 | 7.55 | 0.03 | 0.03 | 0.26 | 0.30 | 0.27 |
| Revenue growth | -97.5% | - | 0.0% | -88.5% | -13.3% | +11.1% | - |
| Other income | 0.37 | 7.26 | 0.33 | 0.26 | 1.89 | 0.84 | 13.74 |
| Total expenses | 0.24 | 7.38 | 0.30 | 0.29 | 0.32 | 0.25 | 7.13 |
| Employee cost | 0.04 | 0.05 | 0.08 | 0.10 | 0.10 | 0.10 | 0.13 |
| EBITDA | (0.05) | 0.17 | (0.27) | (0.26) | (0.06) | 0.05 | (6.86) |
| EBITDA margin | -26.3% | +2.3% | -900.0% | -866.7% | -23.1% | +16.7% | -2540.7% |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.02 | 0.04 | 0.05 | 0.06 |
| Interest | 0.12 | 0.19 | 0.19 | 0.17 | 1.20 | 0.01 | 0.14 |
| Profit before tax | 0.18 | 7.22 | (0.15) | (0.19) | 0.59 | 0.83 | 6.68 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (0.19) | (0.26) | (0.30) | (0.28) | (1.24) | 0.00 | (0.34) |
| Net profit margin | -100.0% | -3.4% | -1000.0% | -933.3% | -476.9% | 0.0% | -125.9% |
| EPS (₹) | 0.22 | 8.64 | (0.17) | (0.23) | 0.69 | 0.99 | 7.97 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 8.38 | 8.38 | 8.38 | 8.38 | 8.38 | 8.38 | 8.38 |
| Reserves & surplus | (15.87) | (16.06) | (23.30) | (23.16) | (22.97) | (24.75) | (26.60) |
| Shareholders' funds (net worth) | (7.49) | (7.68) | (14.92) | (14.78) | (14.59) | (16.37) | (18.22) |
| Secured loans | 0.74 | 0.95 | 1.56 | 1.28 | 1.28 | 0.00 | 0.00 |
| Unsecured loans | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 |
| Total debt | 3.69 | 3.90 | 4.51 | 4.23 | 4.23 | 2.95 | 2.95 |
| Total liabilities | (3.80) | (3.78) | (10.40) | (10.55) | (10.36) | (13.42) | (15.27) |
| Assets | |||||||
| Gross block | 0.87 | 0.87 | 0.87 | 0.87 | 0.87 | 1.00 | 1.00 |
| Net block | 0.75 | 0.76 | 0.78 | 0.79 | 0.81 | 0.85 | 0.90 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.01 | 0.01 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 0.02 | 0.02 | 0.04 | 0.03 | 0.21 | 2.31 | 0.45 |
| Loans & advances | 0.15 | 0.14 | 0.15 | 0.14 | 0.20 | 0.27 | 0.20 |
| Total current assets | 0.17 | 0.16 | 0.19 | 0.17 | 0.41 | 2.58 | 0.65 |
| Total current liabilities | 4.73 | 4.71 | 12.04 | 12.20 | 12.26 | 17.54 | 17.50 |
| Net working capital | (4.56) | (4.55) | (11.85) | (12.03) | (11.85) | (14.96) | (16.85) |
| Total assets | (3.80) | (3.78) | (10.40) | (10.55) | (10.36) | (13.42) | (15.27) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.01 | 0.03 | 0.03 | 0.21 | 0.05 | 0.34 | 0.19 |
| Net cash from operating activities | 0.20 | (7.44) | (0.32) | (0.22) | (0.19) | 3.28 | 2.55 |
| Net cash from investing activities | 0.00 | 8.04 | 0.03 | 0.04 | 2.37 | (2.03) | 5.25 |
| Net cash from financing activities | (0.21) | (0.62) | 0.28 | 0.00 | (2.02) | (1.54) | (7.66) |
| Net change in cash | 0.00 | (0.02) | 0.00 | (0.18) | 0.16 | (0.29) | 0.14 |
| Closing cash | 0.02 | 0.02 | 0.04 | 0.03 | 0.21 | 2.31 | 0.45 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -97.5% | - | 0.0% | -88.5% | -13.3% | +11.1% | - |
| EBITDA growth | -129.4% | +163.0% | -3.9% | -333.3% | -220.0% | +100.7% | - |
| PBT growth | -97.5% | +9998.0% | +21.1% | - | -28.9% | -87.6% | +685.9% |
| Net income growth | +26.9% | +13.3% | -7.1% | +77.4% | - | +100.0% | - |
| Revenue CAGR (3Y) | +85.0% | +207.4% | -53.6% | -51.9% | +11.0% | +55.4% | -38.0% |
| EBITDA CAGR (3Y) | -42.3% | - | - | -66.4% | -52.5% | - | +76.9% |
| Profitability & leverage | |||||||
| Net income margin | +94.7% | +95.6% | -500.0% | -633.3% | +226.9% | +276.7% | +2474.1% |
| Return on capital employed | -0.1% | -0.3% | 0.0% | 0.0% | -0.1% | +0.0% | -0.5% |
| Return on net worth | -0.5% | -2.1% | 0.0% | 0.0% | -3.4% | 0.0% | -1.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -171.43 | 126.67 | -65.52 | -60.71 | -1,200.00 | - | -2.02 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.64 | 17.02 | 0.41 | 0.33 | 2.30 | 1.14 | 12.68 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 0.22 | 8.64 | (0.17) | (0.23) | 0.69 | 0.99 | 7.97 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (8.94) | (9.16) | (17.80) | (17.63) | (17.41) | (19.53) | (21.74) |
To see the full year-wise statements and ratios of Manipal Finance Corporation Limited, buy the company report.
Board of directors and KMP of Manipal Finance Corporation Limited
Manipal Finance Corporation Limited currently reports 4 directors and 2 key managerial personnel. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayan Thonsemadhava Pai | Managing Director | 01 Jan 2008 | 18 Years 10 Months | Current |
| Harishankar Shukla Also directs: Santhrupti Digital Solutions LLP | Company Secretary | 01 Jul 2022 | 4 Years 4 Months | Current |
| Basthi Pai Ashok | Director | 30 May 2018 | 8 Years 5 Months | Current |
| Hiriadka Mohandas | Director | 26 Sep 2025 | 1 Years 1 Months | Current |
| Vinoda Sherigar Chandappa | Director | 29 Jun 2015 | 11 Years 4 Months | Current |
| Srikara Mallya | Cfo | 30 Mar 2024 | 2 Years 7 Months | Current |
Auditor
Manipal Finance Corporation Limited is audited by SRIRAMULU NAIDU & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRIRAMULU NAIDU & CO. | FY 2022 | 008975S |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 34.30%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 65.70%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 34.30% | 34.30% | 34.30% | 34.30% |
| Public | 65.70% | 65.70% | 65.70% | 65.70% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Apr 2022 | 100561217 | Others | ₹1.61 Cr | Open | |
| 02 Nov 1998 | 90194201 | Icds Securities Limited | ₹30 Cr | Open | |
| 04 Jun 1998 | 90191959 | Indian Renewable Energy Development Agency Limited | ₹25.27 Lakh | Open | |
| 23 Mar 1993 | 90193705 | Shamarao Vithal Co-Operative Bank Ltd. | ₹50 Lakh | Open | |
| 21 Feb 1990 | 90190567 | Canara Bank | ₹15 Lakh | Open |
To see the full charge records of Manipal Finance Corporation Limited, buy the company report.
Total charge records: 17 View all charges
Legal cases
Manipal Finance Corporation Limited has 791 court cases on record: 574 filed by Manipal Finance Corporation, 217 filed against it. 3 cases are pending and 788 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 539 | 93 | 2 |
| High courts | 244 | 119 | 1 |
| Supreme Court | 8 | 5 | 0 |
Cases on record (5 of 791)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed against the company by Viprah Technologies Ltd., | Disposed |
| Madras High Court | Revision petition | Filed against the company by Viprah Technologies Ltd., | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Viprah Technologies Ltd, and 2 others | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Kotak Mahindra Bank Limited Authorised Representative 6Th Floor, 12-Bkc, Plot No. C-12, G Block, Bandra Kurla Complex, Bandra (East) , District: Mumbai ,Mumbai , Maharashtra | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Das Lagerwey Wind Turbines Ltd and 1 other | Disposed |
To see the full case history of Manipal Finance Corporation 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
No delayed payments to MSME suppliers are on our record for Manipal Finance Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Manipal Finance Corporation Limited has a workforce of 2 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Manipal Finance Corporation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM2209H1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Manipal Finance Corporation Limited, buy the company report.
Recent activity
Manipal Finance Corporation Limited has 10 board changes on record since 2006: 6 appointments and 4 cessations. The latest: Hiriadka Mohandas was appointed as Director on 26 Sep 2025.
39 earlier events are in the company report.
Frequently asked questions
Manipal Finance Corporation is an active public limited company based in Manipal, Karnataka, India. The company works in nbfc, within the financial services industry. It was incorporated on 29 March 1984 (42+ years old) and is registered under CIN L65910KA1984PLC005988. Listed on BSE: 507938.
Manipal Finance Corporation reported revenue of ₹19 Lakh for FY 2025-26 (down 97.5% YoY) based on standalone financials.
Manipal Finance Corporation has 6 current directors and KMP:
- Narayan Thonsemadhava Pai - Managing Director
- Basthi Pai Ashok - Director
- Hiriadka Mohandas - Director
- Vinoda Sherigar Chandappa - Director
- Harishankar Shukla - Company Secretary
- Srikara Mallya - Cfo
The latest financial statements of Manipal Finance Corporation on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Manipal Finance Corporation is 29AABCM2209H1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Manipal Finance Corporation is L65910KA1984PLC005988. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Manipal Finance Corporation is a listed company as per MCA records. Its shares are listed on BSE (code: 507938).
Manipal Finance Corporation has 791 court cases on record: 574 filed by the company and 217 filed against it. 3 are pending. Most are in the district courts.
Manipal Finance Corporation was incorporated on 29 March 1984, making it 42+ years old. It is registered with the Registrar of Companies, Bangalore.
Hiriadka Mohandas was appointed as Director on 26 Sep 2025. Srikara Mallya was appointed as CFO on 30 Mar 2024. Thonse Sanjay Pai ceased to be CFO on 30 Mar 2024. Manipal Finance Corporation has 10 board changes on record in total.
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