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Karnavati Finance Limited
Founded in 1984, Karnavati Finance Limited has been operating for more than 41 years. Karnavati Finance Limited is registered with CIN L65910MH1984PLC034724 (reg. no. 34724). The organization is recorded as company limited by shares under Indian company law. Authorized share capital stands at ₹10.50 crore. The company’s paid-up capital is ₹10.05 crore.
The company specializes in other financial intermediation. [this group includes financial intermediation other than that conducted by monetary institutions.] operations. Registered under the jurisdiction of Mumbai I. The company is incorporated with the address Vraj Group, 2nd Floor, Simran Centre, Mogra Village, 30h Parsi Panchayat Road, Andheri East, Andheri, Mumbai, Mumbai, Maharashtra, India, 400053. The firm continues to be in active status. The entity’s PAN (Permanent Account Number) stands as AABCK1641H. The firm’s registered email for correspondence is karnavatifinance@gmail.com. The company’s top executive team comprises Kush Ramanbhai Morzaria (CFO) and Kush Ramanbhai Morzaria (CFO).
Company Overview
- CIN
- Date of Incorporation
- 05/12/1984
- Company Status
- Active
- RoC
- Mumbai I
- Registration Number
- Balance sheet date
- 31/03/2025
- 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
- ₹10,50,00,000.00
- Paid up Capital
- ₹10,05,00,000.00
- Activity
- Other financial intermediation. [This group includes financial intermediation other than that conducted by monetary institutions.]
- karnavatifinance@gmail.com
- PAN
GST Numbers
| State | GST Number | Status |
|---|---|---|
| Gujarat | 24AABCK1641H1ZY | Inactive |
| 24AABCK1641H2ZX | Active | |
| Maharashtra | 27AABCK1641H1ZS | Active |
ISIN Numbers
| ISIN | Security | Interest Rate | Maturity Date | FISN | CFI |
|---|---|---|---|---|---|
| IN8554R01029 | KARNAVATI FINANCE LIMITED EQ NEW FV RE.1/- LISTING/TRDG APRVL AWAITED | - | 12/10/2026 | KARNAVATI FIN/SH VTG | ESVUFN |
| INE554R01020 | KARNAVATI FINANCE LIMITED EQ NEW FV RE.1/- | - | 12/10/2026 | KARNAVATI FIN/SH VTG | ESVUFN |
Balance Sheet
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| Net PPE | ₹0.48L | ₹0.54L | ₹0.55L | ₹0.89L | ₹0.00L |
| Net Debt | ₹5,979.16L | ₹1,107.49L | ₹1,540.31L | ₹1,103.78L | ₹0.00L |
| Total Debt | ₹5,989.85L | ₹1,109.46L | ₹1,554.61L | ₹1,272.60L | ₹0.00L |
| Common Stock | ₹1,005.00L | ₹1,005.00L | ₹1,005.00L | ₹1,005.00L | ₹0.00L |
| Share Issued | ₹1,005.00L | ₹1,005.00L | ₹1,005.00L | ₹1,005.00L | ₹0.00L |
| Total Assets | ₹6,526.02L | ₹2,161.19L | ₹2,873.11L | ₹2,735.45L | ₹0.00L |
| Capital Stock | ₹1,005.00L | ₹1,005.00L | ₹1,005.00L | ₹1,005.00L | ₹0.00L |
| Long Term Debt | ₹5,989.85L | ₹1,109.46L | ₹1,554.61L | ₹1,272.60L | ₹0.00L |
| Current Assets | ₹6,490.43L | ₹2,149.19L | ₹2,856.33L | ₹2,718.31L | ₹0.00L |
| Prepaid Assets | ₹5.00L | ₹15.20L | ₹5.00L | ₹5.00L | ₹0.00L |
| Working Capital | ₹6,447.43L | ₹2,148.64L | ₹2,778.95L | ₹2,639.35L | ₹0.00L |
| Invested Capital | ₹6,422.48L | ₹2,132.17L | ₹2,745.38L | ₹2,630.18L | ₹0.00L |
| Common Stock Equity | ₹432.63L | ₹1,022.71L | ₹1,190.77L | ₹1,357.58L | ₹0.00L |
| Net Tangible Assets | ₹432.63L | ₹1,022.71L | ₹1,190.77L | ₹1,357.58L | ₹0.00L |
| Tangible Book Value | ₹432.63L | ₹1,022.71L | ₹1,190.77L | ₹1,357.58L | ₹0.00L |
| Current Liabilities | ₹43.00L | ₹0.55L | ₹77.38L | ₹78.96L | ₹0.00L |
| Long Term Provisions | ₹39.08L | ₹9.19L | ₹16.92L | ₹24.98L | ₹0.00L |
| Stockholders Equity | ₹432.63L | ₹1,022.71L | ₹1,190.77L | ₹1,357.58L | ₹0.00L |
| Other Equity Interest | -₹572.37L | ₹17.71L | ₹185.77L | ₹352.58L | ₹0.00L |
| Total Capitalization | ₹6,422.48L | ₹2,132.17L | ₹2,745.38L | ₹2,630.18L | ₹0.00L |
| Ordinary Shares Number | ₹1,005.00L | ₹1,005.00L | ₹1,005.00L | ₹1,005.00L | ₹0.00L |
| Other Non Current Assets | ₹19.16L | ₹5.60L | ₹15.20L | ₹15.20L | ₹0.00L |
| Total Non Current Assets | ₹35.60L | ₹7.00L | ₹16.77L | ₹17.12L | ₹0.00L |
| Cash And Cash Equivalents | ₹10.69L | ₹1.97L | ₹14.30L | ₹168.82L | ₹0.00L |
| Total Equity Gross Minority Interest | ₹432.63L | ₹1,022.71L | ₹1,190.77L | ₹1,357.58L | ₹0.00L |
| Total Liabilities Net Minority Interest | ₹6,093.39L | ₹1,138.48L | ₹1,682.34L | ₹1,377.87L | ₹0.00L |
| Long Term Debt And Capital Lease Obligation | ₹5,989.85L | ₹1,109.46L | ₹1,554.61L | ₹1,272.60L | ₹0.00L |
| Cash Cash Equivalents And Short Term Investments | ₹10.69L | ₹1.97L | ₹14.30L | ₹168.82L | ₹0.00L |
| Total Non Current Liabilities Net Minority Interest | ₹6,050.39L | ₹1,137.93L | ₹1,604.96L | ₹1,298.91L | ₹0.00L |
Cash Flow
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| Free Cash Flow | -₹4,484.28L | ₹548.01L | -₹279.43L | -₹944.47L | ₹0.00L |
| Changes In Cash | ₹8.73L | -₹12.34L | -₹154.51L | ₹158.43L | ₹0.00L |
| End Cash Position | ₹10.69L | ₹1.96L | ₹14.30L | ₹168.82L | ₹0.00L |
| Financing Cash Flow | ₹4,493.01L | -₹560.35L | ₹124.92L | ₹1,102.90L | ₹0.00L |
| Investing Cash Flow | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Operating Cash Flow | -₹4,484.28L | ₹548.01L | -₹279.43L | -₹944.47L | ₹0.00L |
| Beginning Cash Position | ₹1.96L | ₹14.30L | ₹168.82L | ₹10.39L | ₹0.00L |
Income Statement
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| EBIT | -₹574.69L | -₹167.98L | -₹155.73L | ₹74.81L | ₹0.00L |
| EBITDA | -₹574.62L | -₹167.88L | -₹155.39L | ₹75.47L | ₹0.00L |
| Basic EPS | -₹0.00L | -₹0.00L | -₹0.00L | ₹0.00L | ₹0.00L |
| Net Income | -₹590.07L | -₹168.06L | -₹166.81L | ₹56.11L | ₹0.00L |
| Diluted EPS | -₹0.00L | -₹0.00L | -₹0.00L | ₹0.00L | ₹0.00L |
| Gross Profit | ₹110.84L | ₹22.20L | ₹97.40L | ₹205.61L | ₹0.00L |
| Pretax Income | -₹574.57L | -₹167.94L | -₹157.38L | ₹74.76L | ₹0.00L |
| Tax Provision | ₹15.51L | ₹0.12L | ₹9.43L | ₹18.66L | ₹0.00L |
| Total Revenue | ₹530.79L | ₹157.23L | ₹304.10L | ₹284.63L | ₹0.00L |
| Cost Of Revenue | ₹419.95L | ₹135.03L | ₹206.70L | ₹79.02L | ₹0.00L |
| Total Expenses | ₹1,105.48L | ₹325.21L | ₹460.05L | ₹209.19L | ₹0.00L |
| Operating Income | -₹574.69L | -₹167.98L | -₹155.95L | ₹75.44L | ₹0.00L |
| Tax Rate For Calcs | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Normalized EBITDA | -₹574.62L | -₹167.88L | -₹155.39L | ₹75.47L | ₹0.00L |
| Normalized Income | -₹590.07L | -₹168.06L | -₹166.81L | ₹56.11L | ₹0.00L |
| Operating Expense | ₹685.53L | ₹190.18L | ₹253.35L | ₹130.17L | ₹0.00L |
| Operating Revenue | ₹530.79L | ₹157.23L | ₹304.10L | ₹284.63L | ₹0.00L |
| Total Unusual Items | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Basic Average Shares | ₹1,000.12L | ₹988.59L | ₹100.50L | ₹100.50L | ₹0.00L |
| Diluted Average Shares | ₹1,000.12L | ₹988.59L | ₹100.50L | ₹100.50L | ₹0.00L |
| Other Operating Expenses | ₹685.46L | ₹190.08L | ₹220.31L | ₹68.16L | ₹0.00L |
| Reconciled Depreciation | ₹0.07L | ₹0.10L | ₹0.34L | ₹0.66L | ₹0.00L |
| Reconciled Cost Of Revenue | ₹419.95L | ₹135.03L | ₹206.70L | ₹79.02L | ₹0.00L |
| Tax Effect Of Unusual Items | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income Common Stockholders | -₹590.07L | -₹168.06L | -₹166.81L | ₹56.11L | ₹0.00L |
| Net Income Continuous Operations | -₹590.07L | -₹168.06L | -₹166.81L | ₹56.11L | ₹0.00L |
| Diluted NIAvailto Com Stockholders | -₹590.07L | -₹168.06L | -₹166.81L | ₹56.11L | ₹0.00L |
| Net Income Discontinuous Operations | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Otherunder Preferred Stock Dividend | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Unusual Items Excluding Goodwill | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income Including Noncontrolling Interests | -₹590.07L | -₹168.06L | -₹166.81L | ₹56.11L | ₹0.00L |
| Net Income From Continuing And Discontinued Operation | -₹590.07L | -₹168.06L | -₹166.81L | ₹56.11L | ₹0.00L |
| Net Income From Continuing Operation Net Minority Interest | -₹590.07L | -₹168.06L | -₹166.81L | ₹56.11L | ₹0.00L |
Company Performance (FY23–FY26)
₹5.3 Cr₹4.0 Cr₹2.7 Cr₹1.3 Cr₹0
FY23FY24FY25FY26
Directors
| Appointment | Director name | DIN | Designation | |
|---|---|---|---|---|
| 29/09/2001 | Raman Pragjibhai Morzaria | 00203310 | Whole-time director | View other directorships |
| 15/09/2010 | Jay Ramanbhai Morzaria | 02338864 | Managing Director | View other directorships |
| 01/03/2018 | Kush Ramanbhai Morzaria | *****1377E | CFO | |
| 13/08/2018 | Brinda Minoo Bilimoria | 08196034 | Director | View other directorships |
| 20/09/2018 | Parth Chandreshbhai Maniar | 07980886 | Director | View other directorships |
| 05/10/2020 | Akanksha Rai | *****9132P | Company Secretary | |
| 16/01/2021 | Vineshkumar Popatlal Makadia | 00362318 | Director | View other directorships |
| 05/06/2023 | Ashish Nandkishor Batavia | 10181918 | Director | View other directorships |
Business Network
CompanyDirectorNot on WeeDooBoard seatKey rolePast seatOwnership
Directors 8
- Jay Ramanbhai MorzariaManaging Director
- Raman Pragjibhai MorzariaWhole-time director
- Ashish Nandkishor BataviaDirector
- Vineshkumar Popatlal MakadiaDirector
- Parth Chandreshbhai ManiarDirector
- Brinda Minoo BilimoriaDirector
- Akanksha RaiCompany Secretary
- Kush Ramanbhai MorzariaCFO
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Address
Vraj Group, 2nd Floor, Simran Centre, Mogra Village, 30h Parsi Panchayat Road, Andheri East, Andheri, Mumbai, Mumbai, Maharashtra, India, 400053
Frequently Asked Questions
What is the incorporation date of Karnavati Finance Limited?
The incorporation date of Karnavati Finance Limited is 05/12/1984.
What is the authorized share capital and paid-up capital of Karnavati Finance Limited?
The authorized share capital of Karnavati Finance Limited is ₹10,50,00,000.00. The paid-up capital is ₹10,05,00,000.00.
Who are the current board members & directors of Karnavati Finance Limited?
The current board member of Karnavati Finance Limited are:
- Jay Ramanbhai Morzaria
- Raman Pragjibhai Morzaria
- Brinda Minoo Bilimoria
- Parth Chandreshbhai Maniar
- Kush Ramanbhai Morzaria
- Vineshkumar Popatlal Makadia
- Akanksha Rai
- Ashish Nandkishor Batavia
What is the registered address of Karnavati Finance Limited?
The registered address of Karnavati Finance Limited is Vraj Group, 2nd Floor, Simran Centre, Mogra Village, 30h Parsi Panchayat Road, Andheri East, Andheri, Mumbai, Mumbai, Maharashtra, India, 400053.
What is the Corporate Identification Number of Karnavati Finance Limited?
The Corporate Identification Number of Karnavati Finance Limited is L65910MH1984PLC034724.