- Business
- Tokyo Finance Limited (TOKYOFIN.BO) operates as a non-banking financial company (NBFC) in India, registered as a non-systematically important non-deposit taking entity, providing loans and advances to corporate customers and business entrepreneurs; it engages in advancing, depositing, or lending money, securities, and properties to companies, body corporates, firms, or associations with or without security; and offers seed capital, venture capital, and loan capital services. Incorporated in November 1994 as a public limited company and headquartered at 401-A, Gala Quest, Paranjpe B Scheme Road No. 1, Mumbai, Maharashtra, the company is part of the Mumbai-based Tokyo Group promoted by chairman Velji L. Shah and listed on the Bombay Stock Exchange since May 1996. It primarily serves the diversified financials sector, focusing on consumer finance within the Indian market with no reported international operations. In recent developments, Tokyo Finance reported net profit growth of 80% to Rs 0.09 crore and sales up 5% to Rs 0.21 crore for the quarter ended December 2024, alongside a 42.86% profit increase to Rs 0.10 crore and similar sales growth for the September 2024 quarter, reflecting improved financial performance amid ongoing operations as a small-cap entity with a market capitalization of approximately Rs 17-18 crore.