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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

52-Week Range
Valuation
Investment Thesis
Autoriders Finance Limited is a defunct auto finance company with no ongoing operations and zero revenue. Delisted from exchanges; no equity value. Effectively a shell.
Pros
Cons
Business Segments
Auto Finance (Historical)
Previously engaged in vehicle and auto financing aligned with Autoriders Group's car rental and dealership operations — no current revenue.
Revenue Model
Autoriders Finance Limited generates income primarily from interest on vehicle loans and financial products offered through the Autoriders Group's network. The company also derives value from its role as the financial services arm of the group, potentially supporting group-level dealership and rental transactions.
Detailed Analysis
Growth Plans
Potential revival through Autoriders Group strategic support or capital infusion
Growing vehicle finance demand in Tier 2/3 Maharashtra towns
Possible corporate restructuring or merger with a stronger NBFC entity
Industry Tailwinds
Potential revival through Autoriders Group strategic support or capital infusion
Recent Developments
No verified recent corporate developments are available for Autoriders Finance Limited. The ₹0.10 share price suggests the company may be dormant, in financial stress, or operating at a minimal level.
Comparable Companies
Frequently Asked Questions
About Autoriders Finance
Autoriders Finance Limited is a Maharashtra-based financial services company incorporated on 21 February 1985 and registered under the Registrar of Companies, Mumbai. The company was originally engaged in the financing business, having operated as an NBFC in the Dhule district of Maharashtra. Its registered office is located at 125/126, Maharaja Complex, Nehru Road, Shirpur, Dhule, Maharashtra 425405 — a tier-3 town in the Khandesh region, historically connected to the textile and agricultural trading economy. The company's authorised capital stands at ₹30 crore with a paid-up capital of approximately ₹13.11 crore, indicating a modest but formally capitalised entity. Autoriders Finance has pursued a significant regulatory transition in recent years: the company has approached the Reserve Bank of India and obtained in-principle approval for a change of status from an NBFC (Non-Banking Financial Company) to an NBNF (Non-Banking Non-Finance Company). This strategic shift suggests the company may be winding down or pivoting away from traditional lending activities. NBFCs have faced increasing regulatory pressure from the RBI since 2019, with tightened capital adequacy requirements, enhanced provisioning norms, and more rigorous governance standards. For smaller regional NBFCs like Autoriders Finance, these regulatory changes have made it challenging to sustain lending operations profitably. The decision to seek NBNF status likely reflects the company's assessment that its existing scale cannot meet the enhanced compliance burden of NBFC operations. Directors of the company include Prabhakar Tukaram Chavan, Gokulsingh Dhondusingh Rajput, Shailendra Banwarilal Agrawal, and Deanna Gowria Sydney. The company's last balance sheet was filed with MCA for the year ending 31 March 2021, suggesting limited recent financial disclosure. The company maintains an active status per MCA records.
Key Milestones
Incorporated December 21, 1985 in Mumbai, Maharashtra (CIN: L51900MH1985PLC035433)
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Growing vehicle finance demand in Tier 2/3 Maharashtra towns
Possible corporate restructuring or merger with a stronger NBFC entity
Industry Headwinds
Near-dormant operations indicated by ₹0.10 share price
No public financial disclosures available
Intense competition from large NBFCs and banks
Possible RBI compliance issues for distressed small NBFC
Seeking to convert from NBFC to NBNF status — suggests possible wind-down of core lending operations
Source: AlphaHub Research
Last balance sheet filed for FY2021 — no recent financial disclosures available
Source: Media Reports / Public Records
Limited operations evident from small scale and regulatory transition
Source: Media Reports / Public Records
Sub-penny share price of ₹0.10 is a strong indicator of financial distress or inactive operations; investors face near-total capital loss risk.
Auto finance market in India is dominated by well-capitalised NBFCs including Shriram Finance, Mahindra Finance, and Cholamandalam Investment, making it very difficult for a small regional player to compete.
Subject to RBI NBFC regulations including capital adequacy and NPA provisioning norms; non-compliance risk is elevated for stressed small NBFCs.
Absence of a corporate website and limited public information raises concerns about the current operational status of the company.
Extremely illiquid unlisted shares with minimal secondary market activity; exit is practically very difficult.
SHRIRAMFIN · ~₹1,10,000 Cr
PE: ~15xx
M&MFIN · ~₹30,000 Cr
PE: ~12xx
CHOLAFIN · ~₹1,20,000 Cr
PE: ~25xx
Formerly Zincolite Trading & Finance; renamed Autoriders Finance Limited on August 30, 1989
Part of Autoriders Group (car rentals, dealerships, auto financing)
Currently no revenue; no significant operations; authorized Rs.30 Cr, paid-up Rs.13.11 Cr
Registered at 125/126, Maharaja Complex, Nehru Road, Shirpur, Maharashtra 425405

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