Company Intelligence Profile
Indel Money Limited
Indel Money Limited is a non-banking finance company that mainly offers gold loans and loans to small and medium businesses.
CIN: U65990MH1986PLC040897ActiveRoC Mumbai / Maharashtra and "Mumbai" — same RoC, minor label difference)
Last updated 26 October 2026
AI OverviewGenerated from public records
Indel Money Limited is a non-banking finance company that mainly offers gold loans and loans to small and medium businesses. It was incorporated on 11 September 1986 and is registered in Mumbai, with its operations based in Kerala. It is part of the Indel Corporation group. Revenue in FY2024 was ₹291.13 Cr, up 55.44% on the year before.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
See what AICA knows about Indel Money
Deeper analysis, financial signals and peer comparisons.
Company Identity
| Registered name | Indel Money Limited |
|---|---|
| CIN | U65990MH1986PLC040897 |
| Status | Active (Unlisted Public Limited Company) |
| Listing | |
| Incorporated | 11 September 1986 |
| ROC | RoC Mumbai / Maharashtra and "Mumbai" — same RoC, minor label difference) |
| Sector (NIC) | Financial Services |
| Registered address | Unit No 709, 72 Corp, Saki Vihar Road, Bandi Bazar, Nair Wadi, Saki Naka, Mumbai, Maharashtra, India – 400072 (corporate operations based in Kerala) |
| Authorized capital | Conflicting across |
| Paid-up capital | See authorized_capital field |
Business Overview
- Indel Money Limited is a non-banking finance company (NBFC) registered in Mumbai, with operations based in Kerala.
- It mainly offers gold loans and loans to micro, small and medium businesses.
- It also offers consumer-durable loans, and forex services through its subsidiary Indel Remit.
- It was incorporated on 11 September 1986 and is part of the Indel Corporation group.
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Mohanan Gopalakrishnan | 02456142 | Managing Director | - |
| Umesh Mohanan | 02455902 | Whole-time Director | - |
| Sasi Kumar | 05202465 | Director | - |
| Kavitha Menon | 08074657 | Director | - |
| Narasinganallore Venkatesh Srinivasan | 01893686 | Director | - |
| Anantharaman Trikkur Ramachandran | 05262157 | Director | - |
| Salil Venu | 06531662 | Director | - |
Financials
FY2024
- Revenue ₹291.13 Cr (+55.44% YoY)
Source: MCA records via tofler.in
Charges & Borrowings
| State Bank of India | ₹186.9 Cr (1 charge, latest dated 13 Jun 2025) |
|---|---|
| Vardhman Trusteeship Pvt Ltd | ₹375 Cr (8 charges) |
| Vistra ITCL (India) Ltd | ₹243.9 Cr (3 charges) |
| Catalyst Trusteeship Ltd | ₹173.1 Cr (3 charges) |
| Dhanlaxmi Bank Ltd | ₹60 Cr (2 charges) |
| Indian Overseas Bank | ₹50 Cr (1 charge) |
| Hinduja Leyland Finance Ltd | ₹45 Cr (2 charges) |
| Vivriti Capital Ltd | ₹40 Cr (2 charges) |
| Northern Arc Capital | ₹30 Cr |
| Capital First Ltd | ₹30 Cr |
Source: MCA records via tofler.in
Competitors
Muthoot Finance
listed, large gold loan lender
Manappuram Finance
listed, large gold loan lender
IIFL Finance
listed NBFC with a gold loan business
Muthoot Fincorp
large unlisted NBFC
Kosamattam Finance
Kerala-based NBFC of similar scale
gold loan fintech
Frequently Asked Questions
What does Indel Money Limited do?
Indel Money Limited is a non-banking finance company. It mainly offers gold loans and loans to micro, small and medium businesses, plus consumer-durable loans. It offers forex services through its subsidiary Indel Remit.
When was Indel Money Limited incorporated?
Indel Money Limited was incorporated on 11 September 1986.
What is the CIN of Indel Money Limited?
The CIN of Indel Money Limited is U65990MH1986PLC040897.
Where is Indel Money Limited registered?
The registered office is at Unit No 709, 72 Corp, Saki Vihar Road, Bandi Bazar, Nair Wadi, Saki Naka, Mumbai, Maharashtra 400072. The company's operations are based in Kerala.
Who are the directors of Indel Money Limited?
The board includes Mohanan Gopalakrishnan (Managing Director), Umesh Mohanan (Whole-time Director), Sasi Kumar, Kavitha Menon, Narasinganallore Venkatesh Srinivasan, Anantharaman Trikkur Ramachandran and Salil Venu.
Recur Market
Which lenders fit a company like Indel Money Limited?
Answer a few questions about your business and see which banks and NBFCs match, with indicative rates.
Similar Financial Services companies
- XSFINANCE AND INVESTMENT PRIVATE LIMITEDXSFINANCE AND INVESTMENT PRIVATE LIMITED is a Haryana-based financial services company in the Waree group that acquired a majority stake in an NBFC.
- Taurus Asset Management Company LimitedTaurus Asset Management Company Limited is a Mumbai-based asset management company that manages Taurus Mutual Fund.
- Mizuho Capsave Finance Private LimitedMizuho Capsave Finance Private Limited is an unlisted private finance company based in Mumbai, incorporated in 1992.
- MIZUHO RA LEASING PRIVATE LIMITEDMIZUHO RA LEASING PRIVATE LIMITED rents and leases vehicles, machinery, equipment and capital goods from Maharashtra. It was incorporated in 2013.
- BIZCOVR INSURANCE BROKING PRIVATE LIMITEDBIZCOVR INSURANCE BROKING PRIVATE LIMITED is an insurance broking company based in Bengaluru, incorporated in October 2023.
- Tata Sons Private LimitedTata Sons Private Limited is the main investment holding and promoter company of the Tata Group, one of India's largest business groups.
More on Recur Club
Recently added companies
Lenders on Recur Club
Explore on Recur Club
Revenue-Based FinancingRepay as a share of monthly revenueWorking Capital LoansCollateral-light capital for operationsSecured Term LoansLarger, longer-tenure debtCheck Your EligibilityEstimate funding in minutesCompany SearchExplore more company profilesFinance CalculatorsFree tools for founders & finance teams
More from Recur Club
Looking for business funding?
Recur Club is India's largest AI-native debt platform - working capital, term loans and structured debt from 150+ lending partners, without diluting equity.