About Nabfins Limited
Data last updated:
Nabfins Limited is a public limited company based in Bengaluru, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 25 February 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1997PLC021862. Its GSTIN is 29AAACK7139B1ZO (Karnataka). The company holds 21 GST registrations, of which 20 are active.
The company has an authorised share capital of ₹500 Cr and a paid-up capital of ₹247.37 Cr. It was formerly known as Karnataka Agri Development Finance Company Limited and Nabard Financial Services Limited. It is led by directors including Neeraja Nandamudi (Managing Director) and Haragopal Yandra (Managing Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at # 3072 14th Cross Road Banashankari II Stage, Bengaluru, Karnataka, India – 560070.
As per the financials filed for FY 2024, the company reported a revenue of ₹533.58 Cr, a growth of 63.92% compared to the previous year.
The company has about 2,321 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: NABARD Financial Services. As per MCA filings, the company has open charges of ₹1,930.61 Cr on record. Court records list 183 cases involving the company, including 165 filed by the company and 18 filed against it; 38 cases are pending. The company has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹115.25 Cr; the latest was in November 2017. Its 8 peer companies in the BFSI industry (Large NBFC, Micro Finance Institutions, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 5 smaller; the largest is Digamber Capfin Ltd with revenue of ₹256.82 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2022, listing 22 overdue payments to 5 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nabfins.org.
Company details
Name history
Nabfins has undergone 2 name changes throughout its history. The company was previously known as Karnataka Agri Development Finance Company Limited, and Nabard Financial Services Limited. The current legal name is Nabfins Limited.
| Company Name | Status |
|---|---|
| Nabfins Limited | Current |
| Karnataka Agri Development Finance Company Limited | Previous |
| Nabard Financial Services Limited | Previous |
CIN history
Nabfins has one previous CIN (Corporate Identification Number): U75112KA1997PTC021862. The current CIN is U85110KA1997PLC021862, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1997PLC021862 | Current |
| U75112KA1997PTC021862 | Previous |
Contact details
Nabfins Limited's registered office is in Bengaluru, Karnataka. Its website is nabfins.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address# 3072 14th Cross Road Banashankari II Stage, Bengaluru, Karnataka, India – 560070
- IndustryFinancial Services, Microfinance Institutions, NBFC
To see the full contact details of Nabfins 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
Nabfins operates one associated brand: NABARD Financial Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Microfinance institution offering loans to low-income households and institutions in rural areas. | nabfins.org |
Business activity
Nabfins 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 Nabfins Limited, buy the company report.
Financials of Nabfins Limited
FY 2025 filings availableNabfins Limited reported revenue of ₹533.58 Cr (up 63.92% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 63.92% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹533.58 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Nabfins Limited, buy the company report.
Board of directors of Nabfins Limited
Nabfins has 13 current directors and 73 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Kumar Kapur Also directs: Utkarsh Small Finance Bank Limited | Director | 01 Oct 2021 | 5 Years 1 Months | Current |
| Neeraja Nandamudi | Managing Director | 20 Jun 2024 | 2 Years 4 Months | Current |
| Mohan Prasad | Nominee Director | 28 Jul 2023 | 3 Years 3 Months | Current |
| Guna Nand Gami | Nominee Director | 28 Jul 2023 | 3 Years 3 Months | Current |
| Mahesh Sundararajan Kaniyur | Nominee Director | 13 Aug 2026 | 0 Years 2 Months | Current |
| Vijaya Jyothna Baddipudi Also directs: Karnataka Food and Civil Supplies Corporation Limited | Nominee Director | 13 Aug 2026 | 0 Years 2 Months | Current |
Peer comparison
Nabfins Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Large NBFC, Micro Finance Institutions, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nabfins Limitedthis company | ₹533.58 Cr (FY 2024) | 63.9% | 2,321 | Bengaluru, Karnataka, India | ||
| Digamber Capfin Ltd | ₹256.82 Cr (FY 2023) | 19.0% | Jaipur, Rajasthan, India | |||
| Svasti Microfinance Private Limited | ₹256.12 Cr (FY 2025) | -10.0% | Chennai, Tamil Nadu, India | |||
| Spotlight Vanijya Ltd | ₹254.4 Cr (FY 2019) | 1660.0% | Kolkata, West Bengal, India | |||
| Prudential Management and Services Pvt Ltd | ₹243.42 Cr (FY 2024) | 43.0% | Mumbai, Maharashtra, India | |||
| CNH Industrial Capital (India) Private Limited | ₹242.93 Cr (FY 2024) | 3.0% | New Delhi, Delhi, India | |||
| DSP HMK Holdings Private Limited | ₹240.74 Cr (FY 2024) | 489.0% | Mumbai, Maharashtra, India | |||
| Svamaan Financial Services Private Limited | ₹240.2 Cr (FY 2025) | 41.0% | Mumbai, Maharashtra, India | |||
| Tourism Finance Corporation of India Limited | ₹236.3 Cr (FY 2019) | 6.0% | New Delhi, Delhi, India |
To see the full peer comparison of Nabfins Limited, buy the company report.
Auditor
Nabfins Limited is audited by Phillipos & Co. for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Phillipos & Co. | FY 2020 | 002650S |
Shareholding
The shareholding of Nabfins Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nabfins Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2026 | 101340056 | Others | ₹341 Cr | Open | |
| 26 Mar 2026 | 101263744 | Others | ₹55 Cr | Open | |
| 16 Mar 2026 | 101267178 | Others | ₹687.5 Cr | Open | |
| 24 Feb 2026 | 101247247 | Others | ₹154 Cr | Open | |
| 23 Jan 2026 | 101226058 | Others | ₹99 Cr | Open |
Total charge records: 7 View all charges
Deals & funding
Nabfins Limited has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹115.25 Cr; the latest was in November 2017.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2017 | Funding round | ₹9.44 Cr | Investors: Government of Karnataka |
| May 2014 | Rights issue | ₹40.1 Cr | Investors: National Bank for Agriculture and Rural Development, Canara Bank |
| Mar 2013 | Funding round | ₹42.6 Cr | Investors: National Bank for Agriculture and Rural Development, Government of Karnataka, BANK OF BARODA |
| Mar 2011 | Funding round | ₹63.21 Cr | Investors: National Bank for Agriculture and Rural Development, Government of Karnataka, Union Bank of India |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nabfins Limited has 183 court cases on record: 165 filed by Nabfins, 18 filed against it. 38 cases are pending and 145 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 176 | 14 | 35 |
| High courts | 7 | 4 | 3 |
Cases on record (5 of 183)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (CRL.R.P.) | Filed by the company against an individual | Pending |
| High Court of Karnataka | Appeal | Filed by the company against an individual | Pending |
| High Court of Karnataka | Court case (CRL.P) | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by Rural Education Environment Development and Multipurpose Awareness Society (Reedmas) | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Kamaruddin Joint Liability Group and Another | Pending |
To see the full case history of Nabfins 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
Nabfins Limited has 5 MSME Form 1 returns on record between 2019 and 2022, listing 22 overdue payments to 5 micro and small suppliers. 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 (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Abhimaani Publications Limited | |||
| Trust Fintech Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Nabfins Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nabfins Limited has a workforce of 2,321 employees on its EPFO records as of Oct 22, 2024, across 1 active EPFO establishment.
GST
Nabfins has 21 GST registrations: 20 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACK7139B1ZO | Karnataka | Active | 01 Jul 2017 |
| 29AAACK7139B3ZM | Karnataka | Active | 28 Aug 2020 |
| 22AAACK7139B1Z2 | Chattisgarh | Active | 01 Jul 2017 |
| 33AAACK7139B1ZZ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nabfins Limited, buy the company report.
Recent activity
Nabfins Limited has 79 board changes on record since 2007: 13 appointments and 66 cessations. The latest: Haragopal Yandra was appointed as Managing Director on 14 Aug 2026.
77 earlier events are in the company report.
Frequently asked questions
Nabfins is an active public limited company based in Bengaluru, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 25 February 1997 (29+ years old) and is registered under CIN U85110KA1997PLC021862.
Nabfins has 13 current directors:
- Neeraja Nandamudi - Managing Director
- Haragopal Yandra - Managing Director
- Ajay Kumar Kapur - Director
- Mohan Prasad - Nominee Director
- Guna Nand Gami - Nominee Director
- Mahesh Sundararajan Kaniyur - Nominee Director
- Vijaya Jyothna Baddipudi - Nominee Director
- Ajit Kumar Das - Director
- Sakalespur Visweswaraiya Ranganath - Director
- Mamatha Anant Joshi - Nominee Director
- Vinod Chandrasekharan - Nominee Director
- Srimathy Sridhar - Additional Director
- Rajasureshwaran Baskaran - Nominee Director
The latest financial statements of Nabfins on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nabfins is 29AAACK7139B1ZO, registered in Karnataka. The company has 21 GST registrations in all, of which 20 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAACK7139B3ZM (Karnataka), 22AAACK7139B1Z2 (Chattisgarh), 33AAACK7139B1ZZ (Tamil Nadu).
The CIN (Corporate Identification Number) of Nabfins is U85110KA1997PLC021862. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nabfins has 183 court cases on record: 165 filed by the company and 18 filed against it. 38 are pending. Most are in the district courts.
Nabfins was incorporated on 25 February 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.
Nabfins has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹115.25 Cr; the latest was in November 2017.
The peers of Nabfins by revenue are Digamber Capfin Ltd, Svasti Microfinance Private Limited, Spotlight Vanijya Ltd, Prudential Management and Services Pvt Ltd, CNH Industrial Capital (India) Private Limited and 3 more, all in the BFSI industry (Large NBFC, Micro Finance Institutions, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities).
Haragopal Yandra was appointed as Managing Director on 14 Aug 2026. Mahesh Sundararajan Kaniyur was appointed as Nominee Director on 13 Aug 2026. Rajasureshwaran Baskaran was appointed as Nominee Director on 13 Aug 2026. Nabfins has 79 board changes on record in total.
Nabfins has 5 MSME Form 1 returns on record between 2019 and 2022, listing 22 overdue payments to 5 micro and small suppliers. The latest return was filed on 10 Nov 2022.
Nabfins can be reached through the website nabfins.org. Its registered office is in Bengaluru, Karnataka, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
