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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 | FY26 (₹ in cr) | FY25 (₹ in cr) | FY24 (₹ in cr) |
|---|---|---|---|
| AUM | - | 1386 | 1124 |
| NET WORTH | 498 | 327 | 296 |
| REVENUE | 357.94 | 294.96 | 251.81 |
| PAT | 36.22 | 32.29 | 22.18 |
| CAR% | 25.09 | 22.28 | 24.95 |
| GNPA% | 3.72 | 4.43 | 4.56 |
| NNPA% | 2.32 | 2.89 | 2.81 |
| GEARING (times) | 2.98 | 3.70 | 3.30 |
Credit Rating
| Credit Rating Agency | Rating | Rating Outlook | Date |
|---|---|---|---|
| CRISIL LIMITED | BBB+ | Stable | -- |
Top Lenders to Berar Finance 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
Healthy earnings profile
Weakness
Average asset quality
Improving, yet high regional concentration risks
Source:
LinkImportant Links
Source:
Investor Presentation , Information Memorandum & Rating Rationale of Berar Finance Limited
