Banas Finance Limited Company Profile: Products,Promoters and Clients

Banas Finance Limited Company

Banas Finance was incorporated in 1983, the company got its Non Banking Finance Company(NBFC) certificate in 1999. Banas Finance now as a NBFC engages in various financial activites such as purchase, leasing , financing  of hire-purchase and investments in shares,stocks and securities. It also provides short and long-term loans and offers financial software services.

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

Banas Finance offers various financial services:

Provide financial support for business activities including investment and trading in shares,stocks and securities.

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.

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.

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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.

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