About Karnavati Finance Limited

Professionally managed NBFC with over four decades of excellence

About the Company

Karnavati Finance Limited is a professionally managed Non-Banking Financial Company (NBFC) incorporated in 1984. With over four decades of experience in the Indian financial services sector, the company is engaged in lending and financing activities with a strong emphasis on governance, transparency, and prudent risk management.

Registered with the Reserve Bank of India (RBI) and listed on the Bombay Stock Exchange (BSE), Karnavati Finance Limited operates as a non-deposit accepting NBFC and serves individuals, professionals, and businesses through structured and responsible financial solutions.

Corporate Identity

Company Name

Karnavati Finance Limited

CIN

L65910MH1984PLC034724

Year of Incorporation

1984

Legal Status

Public Limited Company

Category

Non-Deposit Accepting NBFC

Regulatory Authority

Reserve Bank of India (RBI)

Stock Exchange

Bombay Stock Exchange (BSE)

Vision

To be a trusted and responsible financial institution delivering sustainable value through ethical practices, sound governance, and disciplined financial management.

Mission

  • • To provide reliable and customized financing solutions
  • • To maintain high standards of compliance and governance
  • • To follow prudent lending and risk management practices
  • • To build long-term stakeholder relationships based on trust

Board of Directors & Key Management

Mr. Ashish Nandkishor Batavia

Mr. Ashish Nandkishor Batavia

Chairman & Non-Executive Director

Mr. Jay Ramanbhai Morzaria

Mr. Jay Ramanbhai Morzaria

Managing Director

Mr. Raman Pragjibhai Morzaria

Mr. Raman Pragjibhai Morzaria

Whole-time Director

Mr. Vineshkumar Popatlal Makadia

Mr. Vineshkumar Popatlal Makadia

Non-Executive Director

Mr. Parth Chandreshbhai Maniar

Mr. Parth Chandreshbhai Maniar

Independent Director

Ms. Birmda Minoobhai Bilimoria

Ms. Birmda Minoobhai Bilimoria

Independent Director

Key Management Personnel

Mr. Kush Ramanbhai Morzaria

Mr. Kush Ramanbhai Morzaria

Chief Financial Officer

Ms. Akanksha Rai

Ms. Akanksha Rai

Company Secretary & Compliance Officer

Risk Management

Risk management is a core component of the company's operations. The framework includes credit appraisal, asset quality monitoring, liquidity management, and compliance oversight to ensure long-term financial stability.

Credit Appraisal
Asset Quality Monitoring
Liquidity Management
Compliance Oversight

Regulatory Compliance

RBI-registered NBFC

Fully registered and regulated by the Reserve Bank of India

Regulatory Compliance

Compliant with MCA, RBI, and SEBI regulations

Listed Entity

Listed on BSE and following disclosure norms

Statutory Audits

Subject to statutory and internal audits