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Explicit Finance Limited
Since 1994, Explicit Finance Limited has maintained a presence in the industry for 32 years. Corporate ID: L65990MH1994PLC076788, registered with number 76788. The firm is categorized as company limited by shares. Explicit Finance Limited is authorized to hold share capital worth ₹10.00 crore. It has a paid-up capital totaling ₹9.27 crore.
Its principal business sector is other financial intermediation. [this group includes financial intermediation other than that conducted by monetary institutions.]. The company has been registered in the city of Mumbai. The official address of incorporation is 305, Sohan Commercial Plaza, Opp. Shivsena Office, Vasai East, Thane, Thane, Maharashtra, India, 401210. It is an active company at present. Its PAN is registered as AAACS5604B. The designated company email address is explicit_finance@rediffmail.com. The company’s top executive team comprises Siddhesh Bhalchandra Patil (CFO).
Company Overview
- CIN
- Date of Incorporation
- 24/02/1994
- Company Status
- Active
- RoC
- Mumbai
- Registration Number
- Balance sheet date
- 31/03/2024
- Company Category
- Company limited by shares
- Company Sub Category
- Non-government company
- Listed in Stock Exchange
- Yes
- Class of Company
- Public Limited Company
- LEI Number
- Authorized Capital
- ₹10,00,00,000.00
- Paid up Capital
- ₹9,26,76,000.00
- Activity
- Other financial intermediation. [This group includes financial intermediation other than that conducted by monetary institutions.]
- explicit_finance@rediffmail.com
- PAN
GST Numbers
| State | GST Number | Status |
|---|---|---|
| Maharashtra | 27AAACS5604B2ZT | Active |
| 27AAACS5604B1ZU | Inactive |
ISIN Numbers
| ISIN | Security | Interest Rate | Maturity Date | FISN | CFI |
|---|---|---|---|---|---|
| IN8335G01018 | EXPLICIT FINANCE LIMITED EQ LISTING/TRADING APPROVAL AWAITED | - | 12/10/2026 | EXPLICIT FIN/SH VTG | ESVUFN |
| INE335G01019 | EXPLICIT FINANCE LIMITED EQ | - | 12/10/2026 | EXPLICIT FIN/SH VTG | ESVUFN |
Balance Sheet
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 |
|---|---|---|---|---|
| Net PPE | ₹1.49L | ₹0.52L | ₹1.07L | ₹0.75L |
| Gross PPE | ₹2.26L | ₹1.07L | ₹1.47L | ₹1.08L |
| Inventory | ₹14.99L | ₹19.05L | ₹44.71L | ₹52.46L |
| Total Debt | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Common Stock | ₹926.76L | ₹926.76L | ₹926.76L | ₹926.76L |
| Share Issued | ₹92.68L | ₹92.68L | ₹92.68L | ₹92.68L |
| Total Assets | ₹798.62L | ₹796.07L | ₹795.57L | ₹792.22L |
| Capital Stock | ₹926.76L | ₹926.76L | ₹926.76L | ₹926.76L |
| Long Term Debt | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Current Assets | ₹49.17L | ₹216.63L | ₹173.02L | ₹215.79L |
| Working Capital | ₹40.15L | ₹211.02L | ₹168.39L | ₹212.99L |
| Invested Capital | ₹789.59L | ₹790.46L | ₹790.94L | ₹789.42L |
| Other Properties | ₹2.26L | ₹1.07L | ₹1.47L | ₹1.08L |
| Retained Earnings | -₹137.17L | -₹136.30L | -₹135.82L | -₹137.34L |
| Common Stock Equity | ₹789.59L | ₹790.46L | ₹790.94L | ₹789.42L |
| Net Tangible Assets | ₹789.59L | ₹790.46L | ₹790.94L | ₹789.42L |
| Tangible Book Value | ₹789.59L | ₹790.46L | ₹790.94L | ₹789.42L |
| Current Liabilities | ₹9.02L | ₹5.61L | ₹4.63L | ₹2.80L |
| Long Term Provisions | ₹7.99L | ₹4.96L | ₹4.63L | ₹0.00L |
| Stockholders Equity | ₹789.59L | ₹790.46L | ₹790.94L | ₹789.42L |
| Other Equity Interest | -₹137.17L | -₹136.30L | -₹135.82L | -₹137.34L |
| Total Capitalization | ₹789.59L | ₹790.46L | ₹790.94L | ₹789.42L |
| Ordinary Shares Number | ₹92.68L | ₹92.68L | ₹92.68L | ₹92.68L |
| Total Non Current Assets | ₹749.45L | ₹579.45L | ₹622.56L | ₹576.43L |
| Cash And Cash Equivalents | ₹25.88L | ₹188.46L | ₹118.83L | ₹159.13L |
| Accumulated Depreciation | -₹0.77L | -₹0.55L | -₹0.40L | -₹0.33L |
| Additional Paid In Capital | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Other Non Current Liabilities | ₹0.01L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Equity Gross Minority Interest | ₹789.59L | ₹790.46L | ₹790.94L | ₹789.42L |
| Total Liabilities Net Minority Interest | ₹9.03L | ₹5.61L | ₹4.63L | ₹2.80L |
| Long Term Debt And Capital Lease Obligation | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Cash Cash Equivalents And Short Term Investments | ₹25.88L | ₹188.46L | ₹118.83L | ₹159.13L |
| Total Non Current Liabilities Net Minority Interest | ₹0.01L | ₹0.00L | ₹0.00L | ₹0.00L |
Cash Flow
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 |
|---|---|---|---|---|
| Free Cash Flow | -₹162.93L | ₹69.43L | -₹40.40L | ₹87.72L |
| Changes In Cash | -₹162.57L | ₹69.62L | -₹40.28L | ₹87.90L |
| End Cash Position | ₹25.88L | ₹188.45L | ₹118.83L | ₹159.13L |
| Financing Cash Flow | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Investing Cash Flow | -₹1.41L | ₹0.19L | -₹0.60L | -₹0.60L |
| Operating Cash Flow | -₹161.16L | ₹69.43L | -₹39.68L | ₹88.50L |
| Capital Expenditure | -₹1.77L | ₹0.00L | -₹0.72L | -₹0.78L |
| Beginning Cash Position | ₹188.45L | ₹118.83L | ₹159.13L | ₹71.23L |
Income Statement
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| EBIT | -₹0.87L | -₹0.47L | ₹1.82L | ₹1.66L | ₹0.00L |
| EBITDA | -₹0.10L | ₹0.08L | ₹2.22L | ₹1.99L | ₹0.00L |
| Basic EPS | -₹0.00L | -₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income | -₹0.87L | -₹0.47L | ₹1.52L | ₹0.83L | ₹0.00L |
| Diluted EPS | -₹0.00L | -₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Gross Profit | ₹45.55L | ₹12.05L | ₹60.32L | ₹28.12L | ₹0.00L |
| Pretax Income | -₹0.87L | -₹0.47L | ₹1.82L | ₹0.83L | ₹0.00L |
| Tax Provision | ₹0.00L | ₹0.00L | ₹0.30L | ₹0.00L | ₹0.00L |
| Total Revenue | ₹326.95L | ₹676.63L | ₹939.67L | ₹2,285.88L | ₹0.00L |
| Cost Of Revenue | ₹281.40L | ₹664.58L | ₹879.35L | ₹2,257.76L | ₹0.00L |
| Total Expenses | ₹304.65L | ₹679.40L | ₹902.18L | ₹2,271.76L | ₹0.00L |
| Interest Expense | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.83L | ₹0.00L |
| Operating Income | ₹22.30L | -₹2.77L | ₹37.49L | ₹14.12L | ₹0.00L |
| Tax Rate For Calcs | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Normalized EBITDA | ₹23.19L | ₹0.08L | ₹38.40L | ₹15.09L | ₹0.00L |
| Normalized Income | ₹22.42L | -₹0.47L | ₹31.74L | ₹13.93L | ₹0.00L |
| Operating Expense | ₹23.25L | ₹14.82L | ₹22.83L | ₹14.00L | ₹0.00L |
| Operating Revenue | ₹326.95L | ₹676.63L | ₹939.67L | ₹2,285.88L | ₹0.00L |
| Net Interest Income | ₹0.00L | ₹0.00L | ₹0.00L | -₹0.83L | ₹0.00L |
| Total Unusual Items | -₹23.29L | ₹0.00L | -₹36.18L | -₹13.10L | ₹0.00L |
| Basic Average Shares | ₹92.68L | ₹92.68L | ₹92.68L | ₹92.68L | ₹0.00L |
| Diluted Average Shares | ₹92.68L | ₹92.68L | ₹92.68L | ₹92.68L | ₹0.00L |
| Other Operating Expenses | ₹10.68L | ₹10.06L | ₹18.19L | ₹10.62L | ₹0.00L |
| Reconciled Depreciation | ₹0.77L | ₹0.55L | ₹0.40L | ₹0.33L | ₹0.00L |
| Reconciled Cost Of Revenue | ₹281.40L | ₹664.58L | ₹879.35L | ₹2,257.76L | ₹0.00L |
| Tax Effect Of Unusual Items | ₹0.00L | ₹0.00L | -₹5.96L | ₹0.00L | ₹0.00L |
| Interest Expense Non Operating | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.83L | ₹0.00L |
| Net Income Common Stockholders | -₹0.87L | -₹0.47L | ₹1.52L | ₹0.83L | ₹0.00L |
| Net Income Continuous Operations | -₹0.87L | -₹0.47L | ₹1.52L | ₹0.83L | ₹0.00L |
| Diluted NIAvailto Com Stockholders | -₹0.87L | -₹0.47L | ₹1.52L | ₹0.83L | ₹0.00L |
| General And Administrative Expense | ₹10.95L | ₹3.35L | ₹3.25L | ₹2.25L | ₹0.00L |
| Selling General And Administration | ₹10.95L | ₹3.35L | ₹3.25L | ₹2.25L | ₹0.00L |
| Otherunder Preferred Stock Dividend | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Unusual Items Excluding Goodwill | -₹23.29L | ₹0.00L | -₹36.18L | -₹13.10L | ₹0.00L |
| Net Non Operating Interest Income Expense | ₹0.00L | ₹0.00L | ₹0.00L | -₹0.83L | ₹0.00L |
| Net Income Including Noncontrolling Interests | -₹0.87L | -₹0.47L | ₹1.52L | ₹0.83L | ₹0.00L |
| Net Income From Continuing And Discontinued Operation | -₹0.87L | -₹0.47L | ₹1.52L | ₹0.83L | ₹0.00L |
| Net Income From Continuing Operation Net Minority Interest | -₹0.87L | -₹0.47L | ₹1.52L | ₹0.83L | ₹0.00L |
Company Performance (FY23–FY26)
₹22.9 Cr₹17.1 Cr₹11.4 Cr₹5.7 Cr₹0
FY23FY24FY25FY26
Directors
| Appointment | Director name | DIN | Designation | |
|---|---|---|---|---|
| 26/11/1994 | Avinash Bhargavram Mainkar | 01986289 | Director | View other directorships |
| 13/02/2016 | Avinash Bhargavram Mainkar | *****6412C | Company Secretary | |
| 14/11/2017 | Gopal Bhagwatilal Dave | 00334120 | Director | View other directorships |
| 14/11/2017 | Pushparaj Vilas Mayekar | 07759328 | Director | View other directorships |
| 15/07/2023 | Siddhesh Bhalchandra Patil | *****8636E | CFO | |
| 14/08/2023 | Rajesh S Nanda | 06399927 | Managing Director | View other directorships |
| 14/08/2023 | Hetal Amrutbhai Bhanushali | 10266055 | Director | View other directorships |
| 01/06/2024 | Nirmal Singh Raju | 10636825 | Additional Director | View other directorships |
Business Network
CompanyDirectorNot on WeeDooBoard seatKey rolePast seatOwnership
Directors 8
- Rajesh S NandaManaging Director
- Hetal Amrutbhai BhanushaliDirector
- Gopal Bhagwatilal DaveDirector
- Pushparaj Vilas MayekarDirector
- Avinash Bhargavram MainkarDirector
- Nirmal Singh RajuAdditional Director
- Siddhesh Bhalchandra PatilCFO
- Avinash Bhargavram MainkarCompany Secretary
Latest Documents
Category:
| Date | Title | Size |
|---|---|---|
| 01/12/2024 | Form MGT-7-27112024 | - |
| 12/11/2024 | Form AOC-4 NBFC(IND AS)-28102024 | - |
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Address
305, Sohan Commercial Plaza, Opp. Shivsena Office, Vasai East, Thane, Thane, Maharashtra, India, 401210
Frequently Asked Questions
What is the incorporation date of Explicit Finance Limited?
The incorporation date of Explicit Finance Limited is 24/02/1994.
What is the authorized share capital and paid-up capital of Explicit Finance Limited?
The authorized share capital of Explicit Finance Limited is ₹10,00,00,000.00. The paid-up capital is ₹9,26,76,000.00.
Who are the current board members & directors of Explicit Finance Limited?
The current board member of Explicit Finance Limited are:
- Avinash Bhargavram Mainkar
- Gopal Bhagwatilal Dave
- Pushparaj Vilas Mayekar
- Nirmal Singh Raju
- Rajesh S Nanda
- Hetal Amrutbhai Bhanushali
What is the registered address of Explicit Finance Limited?
The registered address of Explicit Finance Limited is 305, Sohan Commercial Plaza, Opp. Shivsena Office, Vasai East, Thane, Thane, Maharashtra, India, 401210.
What is the Corporate Identification Number of Explicit Finance Limited?
The Corporate Identification Number of Explicit Finance Limited is L65990MH1994PLC076788.