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Karnavati Finance Ltd Company background
Founded in: 1984
Managing director: Jay R Morzaria
The company was originally Incorporated as Karnavati Finance And Leasing Limited at Mumbai on December 5, 1984 and received certificate of commencement on May 7, 1985 by Registrar of Companies, Mumbai. The name of our Company was changed to Karnavati Finance Limited on December 11, 1989.The Company is a NBFC registered with RBI to carry on NBFC activities under Section 45IA of the Reserve Bank of India Act, 1934.In the year 20012002, the company was taken over by present promoter Mr. Raman Morzaria by acquiring 2,51,000 Equity Share at Rs 10.50 per equity Shares from Mr. Rajnikant Worah and his associates via share purchase agreement dated May 10, 2001.The company is mainly involved in business loans and personal loan.
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