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Berar Finance Limited
Berar Finance Limited (BFL), based in Nagpur, BFL is a deposit-taking NBFC registered with the RBI. Incorporated in 1990, the company is promoted by Mr. Maroti G Jawanjar. It primarily finances two-wheelers (2Ws), which, including refinancing, accounted for ~97% of assets under management (AUM) as on March 31, 2025.
Sector Focus
Finance (NBFC)
Highest Credit Rating
BBB Stable by CRISIL
Listing (Debt)
BSE
Date of NBFC License by RBI
1999
Business & Products
Lending- 2W Loan, Vehicle Refinance Loan, Used Car Loan, Personal Loan, Secured MSME Loan & LAP
Promoter
M.G. Jawanjar
Key Management Personnel
M.G. Jawanjar
Executive Chairman
Sandeep Jawanjal
Managing Director
Rajesh Vasudevan
Independent Director
Bonds issued by Berar Finance Limited
Financial Performance
| Particulars | FY25 (₹ in cr) | FY24 (₹ in cr) | FY23 (₹ in cr) |
|---|---|---|---|
| AUM | 1386 | 1124 | 964 |
| NET WORTH | 327 | 296 | 275 |
| REVENUE | 294.96 | 251.81 | 217.96 |
| PAT | 32.29 | 22.18 | 17.08 |
| CAR% | 22.28 | 24.95 | 26.33 |
| GNPA% | 4.43 | 4.56 | 4.67 |
| NNPA% | 2.89 | 2.81 | 3.03 |
| GEARING (times) | 3.70 | 3.30 | 3.02 |
Credit Rating
| Credit Rating Agency | Rating | Rating Outlook | Date |
|---|---|---|---|
| CRISIL LIMITED | BBB | Stable | -- |
Top Lenders to Berar Finance Limited
ICICI Bank Limited
Northern Arc Capital Limited
Indian Overseas Bank
IDFC FIRST Bank Limited
A. K. Capital Finance Limited
MAS Financial Services Limited
AU Small Finance Bank Limited
Strength
Comfortable capitalisation
Experienced promoters and management
Diversified resource profile
Weakness
Average asset quality
Improving earnings profile; sustenance to be monitored
Source:
LinkImportant Links
Source:
Investor Presentation , Information Memorandum & Rating Rationale of Berar Finance Limited
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India Bond Private Limited
CIN: U67100MH2008PTC178990
SEBI Registration No.: INZ000311637
NSE Member ID - Debt Segment: 90316
BSE Member ID - Debt Segment: 6811
CIN: U67100MH2008PTC178990
SEBI Registration No.: INZ000311637
NSE Member ID - Debt Segment: 90316
BSE Member ID - Debt Segment: 6811
Registered Address: 605, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz - (East), Mumbai – 400 098.
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