What is Flare Finance India Limited?

Flare Finance India Limited is a New Delhi-based public limited company incorporated in 1984, classified under NIC code L65990 for 'other financial intermediation'. It is categorized as a Non-Banking Financial Company (NBFC) in the financial services sector. The CIN prefix 'L' suggests it was originally registered or associated with a listed entity.

Is Flare Finance India Limited an active NBFC?

Based on available information, Flare Finance India Limited's active NBFC status and RBI Certificate of Registration cannot be confirmed without reviewing current RBI records. The extremely low share price and absence of a public website are indicators that the company may not be conducting active financial services operations.

What does the 'L' prefix in the CIN mean for Flare Finance?

The 'L' prefix in CIN L65990DL1984PLC019635 stands for 'Listed' — meaning the company was at some point registered as a listed public company with stock exchanges. However, the current 'Unlisted' category suggests the company may have been delisted or the listing lapsed over time.

When was Flare Finance India Limited incorporated?

Flare Finance India Limited was incorporated in 1984 in New Delhi, as indicated by its CIN L65990DL1984PLC019635. The company has been in existence for approximately 40 years.

What are the regulatory requirements for NBFCs in India?

NBFCs in India must obtain a Certificate of Registration (CoR) from the Reserve Bank of India (RBI), maintain minimum net owned funds, comply with capital adequacy norms, adhere to RBI's Fair Practices Code, and follow prescribed NPA recognition and provisioning norms. Post the IL&FS crisis of 2018, RBI significantly tightened NBFC oversight with scale-based regulations.

How do I buy Flare Finance India Limited 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 Flare Finance India Limited?

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 Flare Finance India Limited 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.

Flare Finance India Limited Unlisted Share Price | Buy Flare Finance India Limited Pre-IPO Shares — wisefolio

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

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Flare Finance India Limited Unlisted Share Price | Buy Flare Finance India Limited Pre-IPO Shares — wisefolio | wisefolio

Pros

L-prefix CIN (L65990DL1984PLC019635) — listed on MSEI (symbol: FFIL); 40+ years of financial intermediation since 1984.
Authorized ₹20.5 Cr; paid-up ₹18.54 Cr — well-subscribed capital base for a financial holding company.
Ansari Road, Darya Ganj, Delhi — established commercial area; proximity to Delhi financial and business ecosystem.

Cons

Revenue declined 19.32% and profit declined 136.88% (loss-making) in FY21 — significant financial deterioration.
MSEI listing has near-zero secondary market liquidity; limited institutional investor access.
No ISIN publicly confirmed; no recent revenue data beyond FY21; financial status uncertain.
Financial intermediation business model not clearly defined; no major scale or market presence evident.

Business Segments

Financial Intermediation

Other financial intermediation services; financial holding and investment activities.

Revenue Model

As an NBFC classified under 'other financial intermediation', Flare Finance India Limited's revenue model would typically include interest income from loans and advances, investment income from securities portfolios, fees and commissions from financial services, and potentially income from hire purchase or leasing arrangements. However, given the very low share price and absence of public information, the current operational scale and active revenue generation of this company cannot be confirmed without reviewing RBI and MCA filings.

Detailed Analysis

Risk factors & red flagsInvestment risks and items flagged from public filings8

Fraud / GovernanceLow

The very low share price of ₹0.20 and absence of public information suggest the company may be dormant or have suspended material financial services operations.

Source: Company Financial Filings

Recent Developments

RBI NBFC scale-based regulation framework

RBI's scale-based regulation (SBR) framework introduced in 2022 categorized NBFCs into Base, Middle, Upper, and Top layers with differentiated compliance requirements. Small NBFCs like Flare Finance face compliance costs that may challenge their viability as independent entities.

2022–2024

India's credit market growth

India's overall credit market continues to grow strongly, driven by retail lending, MSME financing, and financial inclusion initiatives. However, the benefit to Flare Finance specifically is unclear without evidence of active lending operations.

2023–2024

Comparable Companies

CompanyTypeTickerMkt Cap

Bajaj Finance LimitedListedBAJFINANCE~₹4,50,000 Cr

Muthoot Finance LimitedListedMUTHOOTFIN~₹80,000 Cr

Sundaram Finance LimitedListedSUNDARMFIN~₹45,000 Cr

Bajaj Finance LimitedListed

BAJFINANCE · ~₹4,50,000 Cr

Frequently Asked Questions

About Flare Finance India Limited

Flare Finance India Limited is a Delhi-based Non-Banking Financial Company (NBFC) incorporated on 21 December 1984. The company is registered with the Reserve Bank of India and is engaged in financial intermediation activities including investment in securities, inter-corporate lending, and provision of financial services to businesses and individuals. With over four decades of operational history, Flare Finance India has maintained an active status as an unlisted public company in the Indian financial services ecosystem. The company has an authorised capital of Rs 20.50 crore and paid-up capital of Rs 18.54 crore. It caters primarily to small and mid-sized enterprises seeking short-term financing solutions. The NBFC sector in India has grown significantly in recent years, serving as an important complement to commercial banks by extending credit to underserved segments. Flare Finance operates within this niche, providing accessible financial products. As a mature NBFC with over 40 years of operational experience, Flare Finance India Limited represents a legacy institution in India's financial services landscape. The company is managed by its board of directors including Ram Singh, Geeta Bharti, and Sanjay Mahli. Its unlisted shares are available for purchase through secondary market platforms, offering investors exposure to the NBFC segment of India's financial services sector.

Key Milestones

Incorporated December 21, 1984 in Delhi (CIN: L65990DL1984PLC019635) — 40+ years old

Common questions about unlisted shares

How do I buy Flare Finance India Limited 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?

Flare Finance India Limited

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