Nirmal Bang Financial Services Private Limited - Company Profile

It is a financial services private limited company based in Mumbai, Maharashtra, India, established in 1994.
1994 Mumbai, Maharashtra, India Active
Last Updated:
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About Nirmal Bang Financial Services Private Limited

Nirmal Bang Financial Services Private Limited, a active private limited company, was established on 25 March 1994 in Mumbai, Maharashtra, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: U65923MH1994PTC077315. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹30.21 Cr and a paid-up capital of ₹27.39 Cr.

Formerly known as Nadi Finance And Investment P Ltd. It upholds a compliant status. Employing 12 professional, Its leadership includes Ajay Gunvant Karia (Director), Bhadresh Arvindlal Desai (Director), Deepak Purshottamlal Agarwal (Director). Past directors included Ajay Gunvant Karia, Rakesh Premchand Bhandari, Neha Prajapati. It holds ₹66.00 Cr open charges and ₹30.00 Cr settled loans. Its latest AGM occurred on 11 August 2025, with the balance sheet filed on 31 March 2025. It is based at No.601, 6Th Floor, Khandelwal House, Poddar Road, Malad-(East),, Mumbai, Maharashtra, 400097.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U65923MH1994PTC077315

  • Registration Number

    077315

  • Incorporation Date

    25 March 1994

  • Authorized Capital

    ₹30.21 Cr

  • Paid-Up Capital

    ₹27.39 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 30.21 Cr
  • Paid Up Capital ₹ 27.39 Cr
  • Company Age 31 Year, 11 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 66.00 Cr
  • Satisfied Charges ₹ 30.00 Cr
  • Revenue Growth **** -44.07%
  • Profit Growth **** 107.12%
  • Ebitda **** -49.23%
  • Net Worth 4.61%
  • Total Assets **** 9.02%
Company report

Nirmal Bang Financial Services Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Nirmal Bang Financial Services Private 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 Nirmal Bang Financial Services Private Limited?
Current Directors
Name Designation Appointment Date Status
Ajay Gunvant Karia Director 29 Apr 2013 Current
Bhadresh Arvindlal Desai Director 19 Jan 2009 Current
Deepak Purshottamlal Agarwal Director 15 Apr 2011 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 23 Sep 2013 Past
Pramod Abcsdd Director 29 Apr 2013 Past
Pramod Abcsdd Company Secretary - Past
Pramod Abcsdd Director 15 Apr 2011 Past
Pramod Abcsdd Additional Director 29 Sep 2009 Past
Pramod Abcsdd Director 19 Jan 2009 Past

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Financial Performance of Nirmal Bang Financial Services.

Nirmal Bang Financial Services Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 44.07% decrease. The company also saw a substantial improvement in profitability, with a 107.12% increase in profit. The company's net worth moved up by a moderate rise of 4.61%.

Nirmal Bang Financial Services revenue growth over time
Nirmal Bang Financial Services profit and loss trends over time
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
  • 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
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 -44.07%
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Revenue from Operations
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 -43.79%
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Total Assets
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 9.02%
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Profit or Loss
*******
 107.12%
*******
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Net Worth
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 4.61%
*******
*******
*******
*******
EBITDA
*******
 -49.23%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Nirmal Bang Financial Services?

In 2023, Nirmal Bang Financial Services had a promoter holding of 16.74% and a public holding of 83.26%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • 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

₹660,000,000.00

Satisfied Charges

₹300,000,000.00

Charges Breakdown by Lending Institutions
  • Others : 50.00 Cr
  • Tata Capital Financial Services Limited : 15.00 Cr
  • Axis Bank Limited : 1.00 Cr
Latest Charge Details
Date Lender Amount Status
26 Aug 2022 Axis Bank Limited ₹1.00 Cr Open
31 Mar 2022 Others ₹25.00 Cr Open
30 Mar 2022 Others ₹25.00 Cr Open
30 Mar 2022 Tata Capital Financial Services Limited ₹15.00 Cr Open
25 Nov 2019 Others ₹30.00 Cr Satisfied

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How Many Employees Work at Nirmal Bang Financial Services?

Nirmal Bang Financial Services has a workforce of 12 employees as of Mar 21, 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
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Nirmal Bang 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 Nirmal Bang Financial Services's trajectory.

Rating
Graph displaying rating trends over time

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
Alert Indicator

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 Nirmal Bang Financial Services
Recent Activity within the Organization
  • Annual General Meeting

    Nirmal Bang Financial Services Private Limited last Annual general meeting of members was held on 11 Aug 2025 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Progress on Nirmal Bang Financial Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was documented.

  • Director Appointment

    Hiral Jimeet Mehta was appointed as a Company Secretary was appointed as a Company Secretary on 10 Oct 2023 & has been associated with this company since 2 years 5 months . was recorded as a recent event.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 1.00 Cr with Charge ID 100606726 was registered on 26 Aug 2022. was recorded as a recent event.

  • Charges

    The activity A charge registered on 25 Nov 2019 via Charge ID 100307485 with Others was fully satisfied on 16 Aug 2022. was completed.

  • Charges

    The activity A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100556134 was registered on 31 Mar 2022. was completed.

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Frequently Asked Questions
What is the CIN of Nirmal Bang Financial Services Private Limited?

The CIN of Nirmal Bang Financial Services Private Limited is U65923MH1994PTC077315.

Where is Nirmal Bang Financial Services Private Limited headquartered?

Nirmal Bang Financial Services Private Limited is headquartered at No.601, 6Th Floor, Khandelwal House, Poddar Road, Malad-(East),, Mumbai, Maharashtra, 400097.

When was Nirmal Bang Financial Services Private Limited incorporated?

Nirmal Bang Financial Services Private Limited was incorporated on 25 March 1994.

Who are the current directors of Nirmal Bang Financial Services Private Limited?

The current directors of Nirmal Bang Financial Services Private Limited are

What is the primary industry of Nirmal Bang Financial Services Private Limited?

The primary industry of Nirmal Bang Financial Services Private Limited is Financial And Insurance Service.

Is Nirmal Bang Financial Services Private Limited a listed company?

Nirmal Bang Financial Services Private Limited is unlisted.

What is the capital structure of Nirmal Bang Financial Services Private Limited?

The authorized capital of Nirmal Bang Financial Services Private Limited is ₹30.21 Cr, and the paid-up capital is ₹27.39 Cr.

What is the compliance status of Nirmal Bang Financial Services Private Limited?

The compliance status of Nirmal Bang Financial Services Private Limited is Compliant.

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