Visagar Financial Services Limited - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 1994.

1994 Mumbai, Maharashtra, India Active

Last Updated: December 23, 2025

About Visagar Financial Services Limited

Visagar Financial Services Limited, a active public limited company, was established on 01 March 1994 in Mumbai, Maharashtra, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: L99999MH1994PLC076858. Registered under ROC Roc Mumbai. it is listed on BSE: 531025. It has an authorized capital of ₹60.00 Cr and a paid-up capital of ₹58.39 Cr.

Formerly known as Inca Finlease Ltd.. It upholds a compliant status. In 2023, it reported revenue of ₹51.80 Cr and a net worth of ₹61.86 Cr. Its leadership includes Kuldeep Kumar (Director), Ankita Rai (Cfo), Anjali Surendrakumar Pareek (Director). Past directors included Suranjan Upadhyay, Jasraj Hariprasad Rathi, Sonam Sudhakar Prajapati. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 907-908, Dev Plaza, 9Th Floor, Opp. Andheri Fire Station, S.V. Road, An, Dheri (W), Mumbai, Maharashtra, 400058.

Company Details

CIN/LLPIN
L99999MH1994PLC076858
Registration Number
076858
Incorporation Date
01 March 1994
Authorized Capital
₹60.00 Cr
Paid-Up Capital
₹58.39 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 531025)
Company Status
Active

Key Metrics

Authorised Capital ₹ 60.00 Cr as on 23-12-2025
Paid Up Capital ₹ 58.39 Cr as on 23-12-2025
Company Age 31 Year, 11 Months
Last Filing with ROC 31 Mar 2024
Revenue Growth **** 207.91% (FY 2023)
Profit Growth **** 436.53% (FY 2023)
Ebitda **** 631.66% (FY 2023)
Net Worth 417.87% (FY 2023)
Total Assets **** 470.53% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Visagar Financial Services 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 Visagar Financial Services Limited?

Current Directors

Name	Designation	Appointment Date	Status
Kuldeep Kumar	Director	30 Mar 2019	Current
Ankita Rai	Cfo	22 Apr 2022	Current
Anjali Surendrakumar Pareek	Director	30 Sep 2024	Current
Madhu Bala Vaishnav	Director	30 Mar 2019	Current
Sagar Tilokchand Kothari	Ceo	16 Apr 2019	Current
Tilokchand Manaklal Kothari	Director	15 Jan 2011	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	16 Apr 2019	Past
Pramod Abcsdd	Director	13 Jul 2012	Past
Pramod Abcsdd	Company Secretary	-	Past
Pramod Abcsdd	Additional Director	30 Sep 2019	Past
Pramod Abcsdd	Company Secretary	-	Past
Pramod Abcsdd	Cfo(Kmp)	-	Past

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Financial Performance of Visagar Financial Services.

Visagar Financial Services Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 207.91% increase. The company also saw a substantial improvement in profitability, with a 436.53% increase in profit. The company's net worth Soared by an impressive increase of 417.87%.

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

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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

********

207.91%

*******

Revenue from Operations

*******

207.91%

*******

Total Assets

*******

470.53%

*******

Profit or Loss

*******

436.53%

*******

Net Worth

*******

417.87%

*******

EBITDA

*******

631.66%

*******

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What is the Ownership and Shareholding Structure of Visagar Financial Services?

In 2023, Visagar Financial Services had a promoter holding of 5.44% and a public holding of 94.56%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

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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How Many Employees Work at Visagar Financial Services?

Unlock and access historical data on people associated with Visagar Financial Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

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

Rating

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Alerts

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 Visagar Financial Services

Recent Activity within the Organization

Annual General Meeting

The activity Visagar Financial Services Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.
30 Sep 2024
Director Appointment

Progress on Anjali Surendrakumar Pareek was appointed as a Director was appointed as a Director on 30 Sep 2024 & has been associated with this company since 1 year 4 months . was documented.
30 Sep 2024
Director Appointment

Pushpraj Kumar Gupta was appointed as a Company Secretary was appointed as a Company Secretary on 03 Apr 2024 & has been associated with this company since 1 year 10 months . was recorded as a recent event.
03 Apr 2024
Balance Sheet

Visagar Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was recorded as a recent event.
31 Mar 2024
Director Appointment

The activity Ankita Rai was appointed as a CFO was appointed as a CFO on 22 Apr 2022 & has been associated with this company since 3 years 9 months . was completed.
22 Apr 2022
Director Appointment

The activity Ankita Rai was appointed as a CFO was appointed as a CFO on 22 Apr 2022 & has been associated with this company since 3 years 9 months . was completed.
22 Apr 2022

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