About Subhadra Local Area Bank Limited
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Subhadra Local Area Bank Limited is a public limited company based in Kolhapur, Maharashtra, India. It operates in the banking institutions segment of the financial services sector. It was incorporated on 10 April 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U65191PN2001PLC016042. Its GSTIN is 27AAHCS2732D1ZK (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹33.93 Cr. It is led by directors including Jatin Madhusudan Panchal and Bhavna Bafna.
Its last annual general meeting (AGM) was held on 12 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kolhapur, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹71.8 Lakh, a growth of 29% compared to the previous year. For the same year it recorded a net loss of ₹34.26 Cr and EBITDA of -₹34.15 Cr. Revenue has declined at a compounded annual rate (CAGR) of 13% over three years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Subhadra Local Area Bank. Court records list 104 cases involving the company, including 48 filed by the company and 56 filed against it; 28 cases are pending. The company has 12 deals on record (8 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹8.96 Cr; the latest was in May 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website subhadrabank.com.
Company details
CIN history
Subhadra Local Area Bank has one previous CIN (Corporate Identification Number): U65191PN2001PTC016042. The current CIN is U65191PN2001PLC016042, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65191PN2001PLC016042 | Current |
| U65191PN2001PTC016042 | Previous |
Contact details
Subhadra Local Area Bank Limited's registered office is in Kolhapur, Maharashtra. Its website is subhadrabank.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressM Centre Apartment Konda Lane Opposite Vikrant Shilai Lax, Mipuri, Kolhapur, Maharashtra, India – 416002
- IndustryFinancial Services, Banking Institutions
To see the full contact details of Subhadra Local Area Bank 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
Subhadra Local Area Bank operates one associated brand: Subhadra Local Area Bank. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as a local area bank in India, delivering essential financial services to communities. | subhadrabank.com |
Business activity
The main business activity of Subhadra Local Area Bank is financial and insurance service. In detail, this covers banking activities by central, commercial and saving banks.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K1 | Banking activities by Central, Commercial and Saving banks |
To see the full business activity and turnover split of Subhadra Local Area Bank Limited, buy the company report.
Financials of Subhadra Local Area Bank Limited
FY 2025 filings availableSubhadra Local Area Bank Limited reported revenue of ₹71.8 Lakh (up 29% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 29% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 13%. EBITDA fell 2% 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 | -₹34.15 Cr | ||||
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| Net Profit (PAT) | -₹34.26 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Subhadra Local Area Bank Limited, buy the company report.
Board of directors of Subhadra Local Area Bank Limited
Subhadra Local Area Bank has 3 current directors and 40 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jatin Madhusudan Panchal Also directs: Redivac Vacuum LLP, Bharat Environmental Technologies Limited, Arch & Teco Consultants Private Limited and 1 more | Director | 13 Mar 2023 | 3 Years 7 Months | Current |
| Bhavna Bafna | Director | 13 Mar 2023 | 3 Years 7 Months | Current |
| Sanket Bohra Also directs: Ideal Fiscal Services Ltd | Director | 14 Sep 2024 | 2 Years 1 Months | Current |
Auditor
Subhadra Local Area Bank Limited is audited by Kumbhojkar Kulkarni Deshpande & Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kumbhojkar Kulkarni Deshpande & Associates | FY 2017 | 118911W |
Shareholding
The shareholding of Subhadra Local Area Bank 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 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Subhadra Local Area Bank Limited, buy the company report.
Deals & funding
Subhadra Local Area Bank Limited has 12 deals on record (8 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹8.96 Cr; the latest was in May 2020.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2020 | Funding round | ₹1.93 Cr | Investors: Devma Trust, Ketan Kothari Trust, 2 individuals |
| Mar 2020 | Rights issue | ₹8.48 Cr | Investors: 4 individuals |
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: Nandesh Sacheti HUF, an individual Seller: Rudrapriya Trust, an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Rudrapriya Trust, 3 individuals Seller: 4 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
To see the full deal history of Subhadra Local Area Bank Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Subhadra Local Area Bank Limited has 104 court cases on record: 48 filed by Subhadra Local Area Bank, 56 filed against it. 28 cases are pending and 76 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 89 | 46 | 24 |
| High courts | 15 | 10 | 4 |
Cases on record (5 of 104)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (AA) | Filed against the company by Cornerstone Properties Private Limited | Pending |
| High Court of Kerala | Court case (MACA) | Filed by the company against The United India Insurance Co. Ltd | Pending |
| District court, Palakkad, Kerala | Criminal case | Filed against the company by Rakesh Credits Ltd | Pending |
| District court, Thrissur, Kerala | Criminal case | Filed against the company by Surya Prabha Nidhi Ltd, Irinjalakuda | Pending |
| District court, Thiruvananthapuram, Kerala | Criminal complaint | Filed against the company by Mulamoottil Consumer Credits Ltd | Pending |
To see the full case history of Subhadra Local Area Bank 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 Subhadra Local Area Bank Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Subhadra Local Area Bank Limited has a workforce of 17 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Subhadra Local Area Bank has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCS2732D1ZK | Maharashtra | Active | 01 Jul 2017 |
| 29AAHCS2732D2ZF | Karnataka | Active | 01 Nov 2017 |
To see the full GST registrations and return filing status of Subhadra Local Area Bank Limited, buy the company report.
Recent activity
Subhadra Local Area Bank Limited has 39 board changes on record since 2007: 3 appointments and 36 cessations. The latest: Sanket Bohra ceased to be Additional Director on 11 Aug 2025.
30 earlier events are in the company report.
Frequently asked questions
Subhadra Local Area Bank is an active public limited company based in Kolhapur, Maharashtra, India. The company works in banking institutions, within the financial services industry. It was incorporated on 10 April 2001 (25+ years old) and is registered under CIN U65191PN2001PLC016042.
Subhadra Local Area Bank has 3 current directors:
- Jatin Madhusudan Panchal - Director
- Bhavna Bafna - Director
- Sanket Bohra - Director
The latest financial statements of Subhadra Local Area Bank on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Subhadra Local Area Bank is 27AAHCS2732D1ZK, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAHCS2732D2ZF (Karnataka).
The CIN (Corporate Identification Number) of Subhadra Local Area Bank is U65191PN2001PLC016042. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Subhadra Local Area Bank has 104 court cases on record: 48 filed by the company and 56 filed against it. 28 are pending. Most are in the district courts.
Subhadra Local Area Bank was incorporated on 10 April 2001, making it 25+ years old. It is registered with the Registrar of Companies, Pune.
Subhadra Local Area Bank has 12 deals on record (8 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹8.96 Cr; the latest was in May 2020.
Sanket Bohra ceased to be Additional Director on 11 Aug 2025. Sanket Bohra was appointed as Director on 14 Sep 2024. Bhavna Bafna ceased to be Additional Director on 26 Aug 2023. Subhadra Local Area Bank has 39 board changes on record in total.
Subhadra Local Area Bank can be reached through the website subhadrabank.com. Its registered office is in Kolhapur, Maharashtra, India.