Available Finance

What Available Finance does

Available Finance Limited is a publicly listed Indian company (BSE scrip code 531310) headquartered in Indore, Madhya Pradesh, that operates as an Unregistered Core Investment Company following the cancellation of its NBFC license by the Reserve Bank of India on February 11, 2022. The company was originally incorporated on February 3, 1993 as Flag Leasing And Investments Private Limited and underwent multiple name changes before adopting its current identity in May 1999. It conducted a public issue in 1995 and has been listed on the Bombay Stock Exchange since. The entity is a subsidiary of Archana Coal Private Limited (recently reclassified as an associate) and operates under the Agarwal Group, a regional conglomerate established in 1975 in Indore with diversified operations across trading, transportation, education, real estate, and energy.

The company's stated business activity consists of providing money with or without security to individuals and bodies corporate, and acquiring, holding, selling, or otherwise dealing in shares, stocks, debentures, bonds, mortgages, obligations, and other securities. Following the RBI's cancellation of its NBFC registration, Available Finance no longer operates as a regulated non-banking finance company; it instead functions as an Unregistered Core Investment Company under RBI guidelines, which restricts it from conducting regulated lending business. The company's headcount is reported at 1-10 employees, and it maintains a registered office at Agarwal House in Indore along with a registrar and share transfer agent office. It continues to publish quarterly financial reports and comply with listed-entity governance obligations, including maintaining a board of directors with Whole Time Director and CFO Rakesh Sahu, CEO Mahesh Nirmal, and Company Secretary Suyash Choudhary, supported by independent and non-executive directors.

The business model is investment-driven rather than operationally scaled. The company does not disclose pricing, customer segments beyond generic references to persons and bodies corporate, or any active product or technology platform. There is no evidence of digital infrastructure, APIs, mobile applications, or proprietary technology. Revenue mechanics appear to derive from investment income on held securities and any residual portfolio activity, but no revenue figure is publicly disclosed in the source material. The Agarwal Group's broader footprint of over 65 branches across India relates to the parent group rather than to Available Finance specifically, and there are no disclosed partnerships, acquisitions, or expansion initiatives. The company's strategic posture appears to be one of listed-entity compliance maintenance rather than active growth.

Name

Available Finance

Legal name

Available Finance Limited

Website

https://availablefinance.in

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Short description

Available Finance Limited is a BSE-listed, India-domiciled Unregistered Core Investment Company in Indore that provides investment and loan services to individuals and corporate entities, operating under the Agarwal Group after losing its NBFC license in 2022.

Ownership category

akta.pro rank

Product category

Investment Services (Non-Banking Financial Services)

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Merchant Cash Advance (MCA) & Revenue-Based Financing (FSAKAGAD)

Keywords

• Investment services
• Corporate lending
• Securities trading
• Non-banking finance
• Core investment company

Headquarters

HQ city

Indore

HQ country

India

HQ region

Asia

Offices2 records

Markets served

Offering type

Services

Cost components

Operations, Personnel, Others

Revenue model

1. Investment and Loan Services: Providing money with or without security to persons or bodies corporate; acquiring, holding, selling, buying or otherwise dealing in shares, stocks, debentures, bonds, mortgages, obligations and other securities. Company operates as an Unregistered Core Investment Company following cancellation of NBFC license by RBI.

Core offering

Available Finance Limited operates as an Unregistered Core Investment Company (per RBI guidelines after NBFC licence cancellation on 11 February 2022), providing money with or without security to persons and bodies corporate, and investing in shares, stocks, debentures, bonds, and other securities. It also offers loans and inter-corporate deposits.

Product overview

Available Finance Limited operates as a single unified financial services offering — a Non Banking Finance Company (NBFC) and Core Investment Company. The company provides investment and loan services, including lending money with or without security to individuals and corporate entities, and engages in securities trading and investment activities across shares, stocks, debentures, bonds, mortgages, and other financial instruments. The company is listed with Bombay Stock Exchange and functions under the Agarwal Group flagship.

Differentiator

Problem solved

Functional benefit

Products and services

• Money Lending (with or without security) Loans extended to persons and bodies corporate, with or without security, as part of the company's core financial services activity under its previously held NBFC framework.
• Securities Investment (Shares, Stocks, Debentures, Bonds) Investment in securities including shares, stocks, debentures, bonds, and other instruments, forming the principal activity of the Core Investment Company.
• Inter-Corporate Deposits (ICD) Placement and acceptance of inter-corporate deposits as part of the company's treasury and financing activity with bodies corporate.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves9 records

Expansion highlights1 record

Direct peers

• Shriram Finance: Large listed Indian NBFC focused on commercial vehicle, two-wheeler, and SME lending; comparable as a listed, group-affiliated NBFC operating across multiple credit products in India.
• Manappuram Finance: Listed Indian NBFC with gold-loan roots now diversifying into microfinance, housing, and vehicle finance; comparable as a BSE-listed, group-affiliated NBFC with a multi-product, multi-subsidiary structure.
• Five-Star Business Finance: Listed small-cap Indian NBFC focused on secured small-business loans; comparable as a smaller-cap, group-affiliated listed Indian NBFC with a similar MSME/person-segment orientation.
• Capri Global Capital: Mid-cap listed Indian NBFC focused on MSME and housing finance; comparable as a smaller-cap listed NBFC with a similar lending-plus-investment model and group-affiliated structure.
• Cholamandalam Investment and Finance: Listed Indian NBFC (auto finance, SME, home equity) under the Murugappa Group; comparable as a listed NBFC operating within a diversified Indian industrial group, similar in structure (group flagship, multiple lines).
• SBFC Finance: Recently listed small-cap Indian NBFC focused on secured MSME and gold loans; comparable as a smaller listed Indian NBFC in scale and product mix to Available Finance's former NBFC operations.
• Muthoot Finance: Listed Indian NBFC dominant in gold-backed lending; comparable as a BSE/NSE-listed NBFC operating under a diversified promoter group with multiple financial-services subsidiaries.
• Mas Financial Services: Small-cap listed Indian NBFC providing MSME, two-wheeler, and housing loans; comparable as a smaller listed Indian NBFC with similar target segments (persons and bodies corporate).

Emerging players

• Fusion Microfinance: Small-cap listed Indian NBFC (microfinance) recently listed on the exchanges; comparable as an emerging smaller listed NBFC with similar funding-and-lending model and Indian BSE/NSE listing footprint.

Broad incumbents

• Bajaj Finance: Largest listed Indian NBFC offering diversified lending, wealth, and insurance; comparable as the incumbent benchmark of an Indian listed non-bank lender, though vastly larger in scale than Available Finance.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat2 records

Key risks5 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/available-finance-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Available Finance