- Business
- LKP Finance Limited (LKPFIN.BO), a non-banking financial institution registered with the Reserve Bank of India, engages primarily in financing activities, trading in shares, securities, and derivatives; it also provides merchant financing, foreign money changing, financial consulting, investment in shares, debentures, bonds, leasing, and hire-purchase finance for industrial and office equipment, machinery, vehicles, and buildings. Incorporated on May 5, 1984, as Elkaypee Merchant Financing Private Limited and later renamed LKP Finance Limited in 2008, the company is headquartered at 203, Embassy Centre, Nariman Point, Mumbai, India, and operates within the Indian financial services sector targeting institutional investors, mutual funds, insurance companies, corporations, banks, and retail clients. Its equity shares are listed on the Bombay Stock Exchange under scrip code 507912.
The company maintains a certificate of registration as a non-banking financial institution under Section 45-IA of the RBI Act, 1934, supporting its core operations in investment holding, equities, debt markets, corporate finance, and related financial services. Authorized share capital stands at INR 300 million, with paid-up equity capital of approximately INR 125.7 million comprising 12.57 million shares of INR 10 each.
In a significant recent development, Mufin Group, through entities including Hindon Mercantile Limited, acquired a majority stake in LKP Finance in an all-cash transaction completed in early 2025, boosting the acquirer's net worth by INR 370 crore and enabling expansion of lending operations, innovative product introductions, and enhanced market reach in Western India. This strategic alliance leverages LKP Finance's capital base and network to support Mufin's NBFC lending, EV financing, and digital payments initiatives, marking a key operational shift toward strengthened financial inclusion and growth. The board now includes directors associated with Mufin Group entities, reflecting integrated governance post-acquisition.