Banas Finance Limited Company Profile: Products,Promoters and Clients

Banas Finance Limited Company

The company, originally incorporated as Pioneer Leasing Company Limited on June 6th, 1983, changed its name to Banas Finance Limited on August 28th, 1986. In 1999, it applied to the Reserve Bank of India for conversion into a Non-Banking Finance Company (NBFC) and received the certificate on January 21st, 1999. 

Banas Finance Limited is now an NBFC engaged in various financial activities including purchase, leasing, factoring, financing of hire-purchase, and investments in shares, stocks, and securities. It also provides short and long-term loans and offers financial software services.

Finding multibagger stocks is important for building wealth. Discover potential multibaggers at Sovrenn Discovery 

Q1. What are the Product and service offerings of the Banas Finance?

Banas Finance Limited, as a Non-Banking Finance Company, offers a wide range of financial services including:

  • Purchase, leasing, factoring, and financing of hire-purchase for various assets such as plants, machineries, motor vehicles, boats, ships, aircraft, automobiles, computers, and other equipment.
  • Providing finance for business activities including investment and trading in shares, stocks, and securities.
  • Acting as capitalists, financiers, and concessionaires for businesses.
  • Undertaking and executing various financial, commercial, and trading operations, excluding banking and insurance activities.

Q2. Who are the Promoters of the Banas Finance?

Mr. Girraj Kishor Agrawal serves as the Executive Director, bringing his extensive experience as a Chartered Accountant to guide the company's growth. With expertise in Taxation, Corporate Laws, and Merchant Banking, he has led the company to prominence through astute leadership. His vision has propelled the company to achieve stringent targets, positioning it as a governance leader in the market. Additionally, he has been instrumental in providing Technical and Project Consultancy to various companies for plant setup.

Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at Sovrenn Education 

Mr. Amit Gulecha, the Managing Director, is a qualified Chartered Accountant with over a decade of senior management experience in the private sector. His expertise lies in Corporate Finance and capital markets operations.

Mrs. Tanu Giriraj Agarwal, an Executive Director, brings her proficiency in Business Activities and routine operations of the group companies, supported by her B.Sc IT background. With strong interpersonal and communication skills, she possesses the knowledge and ability to lead effectively as a director.

Q3. Who are the Clients of the Banas Finance ?

Shares and securities sales contributed 52.44% of the total revenue, while 34.4% came from net gains on fair value changes on investments. The remaining revenue stemmed from other financial activities.

Also Read: GMR Airports Infrastructure Company Profile: Products, Promoters and Clients