Financial Services • NBFC, two-wheeler and MSME finance

Berar Finance Limited is a Nagpur-based non-banking finance company (NBFC), incorporated in 1990. The RBI classifies it as a Systemically Important Asset Finance Company. Its mainstay product is the two-wheeler loan. It also offers personal loans, two-wheeler refinancing loans and secured MSME loans, including loan against property. Most of its business is in rural and semi-urban India. At the end of March 2026 the company had a head office in Nagpur and 165 branches. Maharashtra had 42 of them, Chhattisgarh 27, Madhya Pradesh 24, Odisha 23, Telangana 18, Gujarat 10, Andhra Pradesh 9, Karnataka 7 and Jharkhand 5. It served around 3.61 lakh customers. The numbers below are from the standalone financial statements in the FY26 annual report. In FY26 the company disbursed ₹1,47,347.83 lakh of loans, against ₹1,17,511.60 lakh a year earlier. Gross assets under management were ₹1,79,202.42 lakh. Revenue from operations was ₹35,770.96 lakh (₹29,459.76 lakh in FY25). Profit after tax was ₹3,622.52 lakh, up from ₹3,229.70 lakh. Basic earnings per share were ₹27.26. Total assets stood at ₹2,03,581.39 lakh. The founder and promoter is Maroti Jawanjar, who stepped down as Executive Chairman on 31 March 2026 and became Chairman Emeritus. Sandeep Jawanjal is the Managing Director. On 31 March 2026 the promoter group held 28.75% of the paid-up capital, institutional investors held 45.53% and the public held 25.51%. The company raised equity and Series B preference capital through private placements at ₹610.05 per share in October 2025 and January 2026. Berar Finance is not listed on any stock exchange and has not filed a DRHP that we have found. Its shares trade off-market through unlisted-share dealers. The price of ₹485 shown on this page is indicative, with a lot size of 500 shares, and it implies a market cap of about ₹716.92 crore. It is not an exchange price and it can change quickly.
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Data refreshed 08 Nov 2026, 06:30 pm IST.