- Business
- BFL Asset Finvest Limited BFL Asset Finvest Limited (BSE: BFLAFL.BO) is an India-based non-banking finance company registered with the Reserve Bank of India that engages in securities investments and trading; negotiable instruments; inter-corporate loans and investments; dealing in shares, securities, commodities, futures, and options. The company operates primarily in the financial services sector, targeting capital market investment and credit services for retail and corporate customers from its headquarters in Jaipur, Rajasthan, where it was incorporated as a public limited company in 1995. Its business activities encompass a wide range of investment and lending solutions focused on the Indian market.
In recent developments, the company approved a rights issue of fully paid-up equity shares up to Rs. 29 crore in 2024-2025 to bolster capital resources; re-appointed Mahendra Kumar Baid as Managing Director for three years commencing July 2026; appointed ABSM & Associates as statutory auditors and V.M. & Associates as secretarial auditors for five-year terms in 2025; and onboarded Ms. Neha Mangnani as Company Secretary and Compliance Officer in June 2025 while appointing Ajay Agarwal as Independent Director for five years effective August 2024. These changes reflect ongoing governance enhancements and strategic capital-raising efforts amid fluctuating financial performance, including audited results for FY2025 and unaudited quarterly updates through September 2025. The firm, formerly BFL Developers Ltd. until its name change in March 2018, maintains a lean operation with approximately five employees.