What does Berar Finance Limited do?

Berar Finance Limited is a Nagpur-based NBFC (Non-Banking Financial Company) specializing in financing two-wheelers and used vehicles. It primarily serves semi-urban and rural customers in Maharashtra and central India, providing loans for vehicle purchases.

Is Berar Finance Limited RBI-registered?

Yes, Berar Finance Limited is an RBI-registered NBFC incorporated in Maharashtra. It operates under RBI's NBFC regulatory framework, which mandates capital adequacy, NPA provisioning, and periodic reporting to the Reserve Bank of India.

What is Berar Finance Limited's revenue?

As of FY ending March 2022, Berar Finance Limited's operating revenue was in the range of INR 100–500 crore, indicating a mid-sized NBFC with meaningful lending scale.

Where is Berar Finance Limited headquartered?

Berar Finance Limited is headquartered in Nagpur, Maharashtra. It primarily operates in the Vidarbha region and wider Maharashtra, serving customers in semi-urban and rural areas.

Is Berar Finance Limited listed on a stock exchange?

No, Berar Finance Limited is an unlisted public limited company. Its shares are available for trading only in the unlisted/pre-IPO share market, not on NSE or BSE.

What is the unlisted share price of Berar Finance?

The indicative unlisted market price for Berar Finance Limited shares is approximately ₹485 per share. This is a grey market quote and may vary by dealer.

When was Berar Finance Limited incorporated?

Berar Finance Limited was incorporated in 1990 in Maharashtra (CIN: U65929MH1990PLC057829), making it one of the older NBFCs in the central India vehicle finance space.

How do I buy Berar Finance unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Berar Finance?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Berar Finance shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Berar Finance Unlisted Share Price | Buy Berar Finance Pre-IPO Shares — wisefolio

Investment Thesis

Berar Finance Limited is a well-established regional NBFC with a 30+ year track record in two-wheeler and used vehicle financing in Maharashtra. Its INR 100–500 crore revenue scale (FY2022) confirms meaningful operations. While regional concentration and unlisted status are limitations, the company's niche in semi-urban vehicle finance remains structurally relevant as India's vehicle market grows. Investors should review audited financials and NPA disclosures before investing.

Pros

Well-established NBFC with over 30 years of operations in two-wheeler and used vehicle financing
Strong focus on Vidarbha and central India — underserved semi-urban and rural markets with growing vehicle demand
Operating revenue in the INR 100–500 crore range (FY2022) reflects meaningful scale for an unlisted NBFC
Two-wheeler finance is a sticky, high-volume, recurring business with large addressable market in India
Long operating history (since 1990) through multiple credit cycles suggests resilient business model
Concentrated regional expertise in Maharashtra allows for efficient loan origination and collection networks

Cons

Unlisted status limits financial transparency and access to capital markets
Exposure to semi-urban/rural borrowers increases credit risk, especially in economic downturns
Two-wheeler finance is increasingly competitive with larger NBFCs like Bajaj Finance, Mahindra Finance, and L&T Finance
Used vehicle financing carries higher credit and collateral risk vs. new vehicle loans
Asset quality during COVID-19 and post-pandemic period may have impacted NPA levels
No publicly disclosed financials — investors must rely on unlisted market data and MCA filings
Limited geographic diversification; concentration in Maharashtra and Vidarbha region

Business Segments

Two-Wheeler Finance

Retail loans for new and used two-wheelers to individuals in semi-urban and rural Maharashtra

Used Vehicle Finance

Loans for pre-owned cars, light commercial vehicles, and other used motor vehicles

Other Retail Lending

Ancillary retail lending products including personal loans and small business finance for vehicle-adjacent segments

Revenue Model

Berar Finance Limited generates revenue primarily through interest income on its loan book, comprising two-wheeler loans and used vehicle loans. The company earns a spread between its cost of borrowings (from banks and financial institutions) and the lending rates charged to retail borrowers. Additional income includes processing fees, foreclosure charges, and insurance commissions. The focus on semi-urban Vidarbha borrowers allows relatively high yield lending while maintaining regional expertise in credit assessment and collections.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds12

Growth Plans

Rising two-wheeler demand driven by rural income growth and fuel-efficient vehicle preference

Potential IPO or listing could unlock capital and valuation re-rating

EV two-wheeler financing opportunity as India's EV adoption grows

Deepening presence in Tier-3/Tier-4 Maharashtra towns with limited competition

Industry Tailwinds

Recent Developments

Revenue Scale Confirmed

Berar Finance Limited's operating revenue for FY ending 31 March 2022 was in the INR 100–500 crore range, confirming its position as a mid-sized NBFC in Maharashtra's vehicle finance market.

2022

COVID-19 Impact on NBFC Operations

Like all Indian NBFCs, Berar Finance was impacted by COVID-19-related lockdowns, moratorium on EMIs (RBI-mandated), and potential rise in NPAs. The company's rural/semi-urban focus in Maharashtra may have exposed it to additional agricultural and migration-related stress.

2020-2021

Comparable Companies

CompanyTypeTickerMkt Cap

Shriram Finance LimitedListedSHRIRAMFIN~1,00,000 Cr

Mahindra & Mahindra Financial ServicesListedM&MFIN~30,000 Cr

Manappuram FinanceListedMANAPPURAM~12,000 Cr

Arman Financial ServicesListedARMANFIN~1,200 Cr

Frequently Asked Questions

About Berar Finance

Berar Finance Limited is a Nagpur-based deposit-taking Non-Banking Finance Company (NBFC) specialising in two-wheeler loans and used car/commercial vehicle financing. Incorporated in 1990 in Maharashtra, the company has built a significant retail lending franchise in Central and Western India, operating through 100+ branches across six states. The company's core lending products include financing for new two-wheelers (motorcycles and scooters), used cars, used two-wheelers, and pre-owned commercial vehicles. This segment of consumer lending targets the aspirational middle class and rural/semi-urban customers in Maharashtra, Madhya Pradesh, Chhattisgarh, Telangana, and neighbouring states — markets where organised NBFC lending has historically filled the gap left by commercial banks' limited rural penetration. Berar Finance's deposit-taking status is a key differentiator: as a registered deposit-taking NBFC with the Reserve Bank of India (RBI), it can accept public deposits from individuals, enabling lower-cost funding compared to pure market-borrowing NBFCs. This provides a structural cost advantage in funding the loan book, though it also carries higher regulatory oversight and deposit protection obligations. The company has built a 100+ branch network across six states over its three-decade history — a substantial physical distribution footprint for a regional NBFC. Two-wheeler financing remains one of India's most resilient retail loan categories: India is the world's largest two-wheeler market with annual sales of 15-17 million units, and the financed penetration rate continues to grow as rural income levels rise and NBFC reach expands. Berar Finance's deep regional expertise and established dealer relationships provide competitive moats against both bank and larger NBFC competition.

Key Milestones

1990: Incorporated in Maharashtra as Berar Finance Limited (CIN: U65929MH1990PLC057829)

Common questions about unlisted shares

How do I buy Berar Finance unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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