Shaan Finance Limited
About Shaan Finance Limited
Data last updated:
Shaan Finance Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the asset financing companies segment of the financial services sector. It was incorporated on 08 April 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65921KA1982PLC004713. Its GSTIN is 29AACCS0384A1ZN (Karnataka).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.81 Cr. It is led by directors including Birendra Kumar (Managing Director) and Mahaveer Solanki.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹78.24 Lakh, a decline of 75% compared to the previous year. For the same year it recorded a net profit of ₹33.21 Lakh (net margin 42.4%) and EBITDA of ₹38.05 Lakh (EBITDA margin 48.6%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 18% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹38 Cr on record. Court records list 487 cases involving the company, including 471 filed by the company and 16 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Shaan Finance Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressSb – One No. 260/33 9th A Main Road, 3rd Block, Bangalore, Karnataka, India – 560011
- IndustryFinancial Services, Asset Financing Companies, Investment & Credit NBFC, NBFC
To see the full contact details of Shaan 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
Business activity
The main business activity of Shaan Finance is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Shaan Finance Limited, buy the company report.
Financials of Shaan Finance Limited
FY 2025 filings availableShaan Finance Limited reported revenue of ₹78.24 Lakh (down 75% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 75% fall in the latest year. EBITDA fell 78% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹38.05 Lakh | ||||
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| Net Profit (PAT) | ₹33.21 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 48.6% | ||||
| Net Profit Margin | 42.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Shaan Finance Limited, buy the company report.
Board of directors of Shaan Finance Limited
Shaan Finance has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahaveer Solanki Also directs: Bit2bit Technologies Private Limited | Director | 08 Apr 2024 | 2 Years 6 Months | Current |
| Birendra Kumar | Managing Director | 08 Apr 2024 | 2 Years 6 Months | Current |
| Jyothi Chenraj | Director | 08 Apr 2024 | 2 Years 6 Months | Current |
Peer comparison
Shaan Finance Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Asset Financing Companies, Finance, NBFC Investment and Credit Companies), 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 |
|---|---|---|---|---|---|---|
| Hill View Finvest Pvt Ltd | ₹78.4 Lakh (FY 2025) | 12.0% | Baran, Rajasthan, India | |||
| JSS Investment & Finance Pvt Ltd | ₹78.34 Lakh (FY 2025) | -47.0% | Kolkata, West Bengal, India | |||
| Shaan Finance Limitedthis company | ₹78.24 Lakh (FY 2025) | ₹33.21 Lakh | 42.4% | -75.0% | 3 | Bangalore, Karnataka, India |
| Sonika Promoters & Fincon Pvt Ltd | ₹78.18 Lakh (FY 2025) | 30.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Shaan Finance Limited, buy the company report.
Auditor
Shaan Finance Limited is audited by GOWTHAMA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOWTHAMA & CO | FY 2021 | 005917S |
Shareholding
The shareholding of Shaan Finance Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Shaan Finance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2025 | 101208093 | Others | ₹10 Cr | Open | |
| 11 Mar 2019 | 100245993 | Others | ₹50 Lakh | Satisfied | |
| 12 Dec 2018 | 100223074 | Others | ₹25 Lakh | Satisfied | |
| 14 Aug 2018 | 100199186 | Others | ₹75 Lakh | Satisfied | |
| 03 Aug 2017 | 100125544 | Others | ₹2.5 Cr | Satisfied |
To see the full charge records of Shaan Finance Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Shaan Finance Limited has 487 court cases on record: 471 filed by Shaan Finance, 16 filed against it. 7 cases are pending and 480 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 470 | 13 | 5 |
| High courts | 17 | 3 | 2 |
Cases on record (5 of 487)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Shaan 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
No delayed payments to MSME suppliers are on our record for Shaan Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shaan Finance Limited has a workforce of 3 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Shaan Finance has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCS0384A1ZN | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shaan Finance Limited, buy the company report.
Recent activity
Shaan Finance Limited has 14 board changes on record since 2009: 3 appointments and 11 cessations. The latest: Jyothi Chenraj ceased to be Additional Director on 29 Sep 2024.
30 earlier events are in the company report.
Frequently asked questions
Shaan Finance is an active public limited company based in Bangalore, Karnataka, India. The company works in asset financing companies, within the financial services industry. It was incorporated on 08 April 1982 (44+ years old) and is registered under CIN U65921KA1982PLC004713.
Shaan Finance has 3 current directors:
- Birendra Kumar - Managing Director
- Mahaveer Solanki - Director
- Jyothi Chenraj - Director
The latest financial statements of Shaan Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Shaan Finance is 29AACCS0384A1ZN, registered in Karnataka.
The CIN (Corporate Identification Number) of Shaan Finance is U65921KA1982PLC004713. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shaan Finance has 487 court cases on record: 471 filed by the company and 16 filed against it. 7 are pending. Most are in the district courts.
Shaan Finance was incorporated on 08 April 1982, making it 44+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Shaan Finance by revenue are Hill View Finvest Pvt Ltd, JSS Investment & Finance Pvt Ltd, Sonika Promoters & Fincon Pvt Ltd, all in the BFSI industry (Asset Financing Companies, Finance, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities).
Jyothi Chenraj ceased to be Additional Director on 29 Sep 2024. Mahaveer Solanki ceased to be Additional Director on 29 Sep 2024. Birendra Kumar ceased to be Additional Director on 21 Apr 2024. Shaan Finance has 14 board changes on record in total.
The registered office of Shaan Finance is at Sb – One No. 26033 9th A Main Road, 3rd Block, Bangalore, Karnataka, India – 560011.
Shaan Finance operates in the financial services industry, in the asset financing companies segment.
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