About Banas Finance Limited

Banas Finance Limited was incorporated in 1983 and is registered as a non-deposit-taking Non-Banking Financial Company (NBFC) with the Reserve Bank of India. Headquartered in Mumbai, the company is primarily engaged in finance and share trading activities. Over the years, it has built a lending portfolio catering to diverse borrowers, focusing on agility, customer orientation, and service efficiency.

The company operates as part of India’s dynamic NBFC sector, which plays a crucial role in financial inclusion by bridging credit gaps where traditional banks have limited reach. Banas Finance leverages its expertise in regional dynamics and customised solutions to grow in both lending and trading domains.

As of March 31, 2025, the company also held significant influence in an associate company, Tilak Ventures Limited, with a 48.84% stake amounting to 21.77 crore equity shares

Banas Finance Limited’s Business Segments

The company operates under a single business segment:

• Finance and Share Trading: This includes lending operations, investments in financial instruments, and trading of shares.

Revenue from operations for FY25 stood at Rs 4,286.58 lakh, compared to Rs 4,342.75 lakh in FY24.

Banas Finance Limited’s Key Management

The key management team includes:

• Mr. Girraj Kishor Agrawal, Director

• Ms. Tanu Agrawal, Director

• Mr. Amit Mehta, Chief Financial Officer

• Ms. Prajna Naik, Company Secretary

Latest Updates on Banas Finance Limited

• Revenue Performance: Revenue from operations reached Rs 4,286.58 lakh in FY25, with total income of Rs 4,348.27 lakh.

• Profitability: The company reported a consolidated net loss of Rs 1,956.96 lakh in FY25 compared to a profit of Rs 439.45 lakh in FY24

• Equity Expansion: Issued 4,15,31,441 equity shares of Rs 10 each at par through a rights issue on June 13, 2024, doubling equity capital to Rs 8,957.77 lakh
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• Impairment Provisions: Recognised impairment on financial instruments of Rs 2,014.39 lakh, significantly impacting profitability.

• Associate Contribution: Its associate, Tilak Ventures Limited, contributed a profit share of Rs 627.13 lakh to consolidated results

• Cash Flow Position: Net cash used in operating activities was Rs 23.64 lakh, while investing activities recorded an outflow of Rs 4,862.37 lakh, largely due to fresh investments.

• Governance: The board and statutory committees continued compliance with SEBI LODR regulations, supported by secretarial audits.