V.B.Desai Financial Services shareholders and shareholding pattern

BSE: 511110FinanceSmall Cap

₹19.50₹0.50 (2.50%)

Share price at the BSE close on 23 Oct 2026. Previous close ₹20.00.

52-week range of traded prices to 23 Oct 2026

₹11.60Low, 1 Apr 2026₹31.68High, 31 Oct 2025

Market cap: ₹8.83 Cr4,766th largest listed
P/E: 9.2
P/B: 0.7
Dividend yield: Nonein the last 12 months
ROE: 7.7%
ROCE: 1.7%
Debt to equity: 0.00
Volume, BSE: 11,227

Who owns V.B.Desai Financial Services, filing by filing

Per cent of the company's shares. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.

Sep 2026 filing

Promoters42.27%
Foreign institutions0.94%
Indian institutionsNone
Individuals and others56.79%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Individuals and others

Per cent	Dec 2016Filed 16 Jan	Mar 2017Filed 10 Apr	Jun 2017Filed 14 Jul	Sep 2017Filed 16 Oct	Dec 2017Filed 17 Jan	Mar 2018Filed 19 Apr	Jun 2018Filed 18 Jul	Sep 2018Filed 8 Oct	Dec 2018Filed 11 Jan	Mar 2019Filed 15 Apr	Jun 2019Filed 19 Jul	Sep 2019Filed 11 Oct	Dec 2019Filed 13 Jan	Mar 2020Filed 7 May	Jun 2020Filed 13 Jul	Sep 2020Filed 15 Oct	Dec 2020Filed 13 Jan	Mar 2021Filed 21 Apr	Jun 2021Filed 12 Jul	Sep 2021Filed 12 Oct	Dec 2021Filed 11 Jan	Mar 2022Filed 11 Apr	Jun 2022Filed 12 Jul	Sep 2022Filed 18 Oct	Dec 2022Filed 10 Jan	Mar 2023Filed 11 Apr	Jun 2023Filed 11 Jul	Sep 2023Filed 10 Oct	Dec 2023Filed 8 Jan	Mar 2024Filed 8 Apr	Jun 2024Filed 11 Jul	Sep 2024Filed 9 Oct	Dec 2024Filed 26 Aug	Mar 2025Filed 26 Aug	Jun 2025Filed 17 Jul	Sep 2025Filed 10 Nov	Dec 2025Filed 14 Jan	Mar 2026Filed 8 May	Jun 2026Filed 20 Jul	Sep 2026Filed 13 Oct
	41.71%	41.71%	41.71%	41.71%	41.71%	42.05%	42.05%	42.05%	42.05%	42.05%	42.06%	42.06%	42.06%	42.06%	42.06%	42.06%	42.06%	42.06%	42.06%	42.06%	42.06%	42.06%	42.06%	42.07%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%
Indian promoters	41.71%	41.71%	41.71%	41.71%	41.71%	42.05%	42.05%	42.05%	42.05%	42.05%	42.06%	42.06%	42.06%	42.06%	42.06%	42.06%	42.06%	42.06%	42.06%	42.06%	42.06%	42.06%	42.06%	42.07%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%
	58.29%	58.29%	58.29%	58.29%	58.29%	57.95%	57.95%	57.95%	57.95%	57.95%	57.94%	57.94%	57.94%	57.94%	57.94%	57.94%	57.94%	57.94%	57.94%	57.94%	57.94%	57.94%	57.94%	57.93%	57.73%	57.73%	57.73%	57.73%	57.73%	57.73%	57.73%	57.73%	57.73%	57.73%	57.73%	57.73%	57.73%	57.73%	57.73%	57.73%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	0.99%	0.99%	0.94%	0.94%	0.94%	0.94%	0.94%	0.94%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	0.99%	0.99%	0.94%	0.94%	0.94%	0.94%	0.94%	0.94%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	56.82%	56.62%	56.62%	56.62%	56.62%	56.62%	56.62%	56.62%	56.62%	56.74%	56.74%	56.79%	56.79%	56.79%	56.79%	56.79%	56.79%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	39.74%	38.81%	38.97%	38.95%	38.91%	39.31%	39.34%	39.36%	39.76%	40.03%	39.29%	40.04%	39.48%	39.47%	41.32%	41.69%	40.68%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11.68%	12.36%	12.36%	12.39%	12.36%	12.36%	12.36%	12.36%	12.36%	12.30%	12.91%	12.20%	12.75%	12.75%	10.86%	10.48%	11.44%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.48%	2.48%	2.48%	2.48%	2.48%	2.25%	2.26%	2.27%	2.24%	2.50%	2.34%	2.37%	2.37%	2.37%	2.37%	2.37%	2.36%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.20%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.22%	0.23%	0.23%	0.22%	0.22%	0.22%	0.23%	0.23%	0.23%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.73%	2.77%	2.60%	2.60%	2.66%	2.49%	2.44%	2.42%	2.05%	1.69%	1.96%	1.97%	1.98%	1.99%	2.02%	2.04%	2.08%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.26%	0.29%	0.26%	0.26%	0.26%	0.15%	0.15%	0.15%	0.15%	0.15%	0.47%	0.51%	0.55%	0.55%	0.55%	0.55%	0.55%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.47%	2.48%	2.34%	2.34%	2.40%	2.34%	2.29%	2.27%	1.90%	1.54%	1.50%	1.46%	1.44%	1.44%	1.47%	1.49%	1.53%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–	–
Shares in issue	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890	45,27,890

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of V.B.Desai Financial Services shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016Filed 16 Jan	Mar 2017Filed 10 Apr	Jun 2017Filed 14 Jul	Sep 2017Filed 16 Oct	Dec 2017Filed 17 Jan	Mar 2018Filed 19 Apr	Jun 2018Filed 18 Jul	Sep 2018Filed 8 Oct	Dec 2018Filed 11 Jan	Mar 2019Filed 15 Apr	Jun 2019Filed 19 Jul	Sep 2019Filed 11 Oct	Dec 2019Filed 13 Jan	Mar 2020Filed 7 May	Jun 2020Filed 13 Jul	Sep 2020Filed 15 Oct	Dec 2020Filed 13 Jan	Mar 2021Filed 21 Apr	Jun 2021Filed 12 Jul	Sep 2021Filed 12 Oct	Dec 2021Filed 11 Jan	Mar 2022Filed 11 Apr	Jun 2022Filed 12 Jul	Sep 2022Filed 18 Oct	Dec 2022Filed 10 Jan	Mar 2023Filed 11 Apr	Jun 2023Filed 11 Jul	Sep 2023Filed 10 Oct	Dec 2023Filed 8 Jan	Mar 2024Filed 8 Apr	Jun 2024Filed 11 Jul	Sep 2024Filed 9 Oct	Dec 2024Filed 26 Aug	Mar 2025Filed 26 Aug	Jun 2025Filed 17 Jul	Sep 2025Filed 10 Nov	Dec 2025Filed 14 Jan	Mar 2026Filed 8 May	Jun 2026Filed 20 Jul	Sep 2026Filed 13 Oct
All shareholders	4,830	4,824	4,817	4,805	4,810	4,792	4,715	4,707	4,698	4,687	4,674	4,671	4,674	4,665	4,654	4,652	4,644	4,658	4,622	4,635	4,729	4,737	4,735	4,768	4,794	4,808	4,805	4,819	4,856	4,872	4,827	4,854	4,941	4,923	4,895	4,920	4,900	4,905	4,886	4,874
	23	23	23	23	24	24	24	24	24	24	24	24	24	24	24	24	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23
Indian promoters	23	23	23	23	24	24	24	24	24	24	24	24	24	24	24	24	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23
	4,807	4,801	4,794	4,782	4,786	4,768	4,691	4,683	4,674	4,663	4,650	4,647	4,650	4,641	4,630	4,628	4,621	4,635	4,599	4,612	4,706	4,714	4,712	4,745	4,771	4,785	4,782	4,796	4,833	4,849	4,804	4,831	4,918	4,900	4,872	4,897	4,877	4,882	4,863	4,851
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4,743	4,769	4,783	4,780	4,794	4,831	4,847	4,802	4,829	4,916	4,898	4,870	4,895	4,875	4,880	4,861	4,849
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4,600	4,622	4,638	4,638	4,651	4,687	4,706	4,664	4,693	4,777	4,760	4,734	4,759	4,738	4,745	4,727	4,714
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11	12	12	12	12	12	12	12	12	12	13	12	13	13	11	10	12
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	41	41	42	42	42	42	42	41	40	42	41	42	42	42	42	42	41
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7	8	8	8	8	9	10	10	12	13	13	11	11	11	12	12	13
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	84	86	83	80	81	81	77	75	72	72	71	71	70	71	70	70	69
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9	11	10	8	8	8	8	8	8	8	9	9	10	11	10	10	10
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	75	75	73	72	72	73	69	67	64	64	62	62	60	60	60	60	59
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	–	–	–	–	–	–	–	–	–

V.B.Desai Financial Services promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is DESAI INVESTMENTS PVT. LTD., 17.04%. The filing names 2 more members with no shares.

Holder
DESAI INVESTMENTS PVT. LTD.Indian companies, trusts and others	17.04%	7,71,607
DHARTI J SHROFFIndividuals and Hindu undivided families	5.77%	2,61,041
SOM HOLDING AND TRADING CO PVT LTDIndian companies, trusts and others	4.29%	1,94,215
MUKESH THAKORLAL SHROFFIndividuals and Hindu undivided families	3.83%	1,73,367
DESAI INDUSTRIAL FINANCE PVT. LTD.Indian companies, trusts and others	3.31%	1,50,000
NEPTUNE STEEL STRIPS LTDIndian companies, trusts and others	2.31%	1,04,520
JITENDRA R SHROFF (HUF)Individuals and Hindu undivided families	2.01%	90,988
ALPA J SHROFFIndividuals and Hindu undivided families	0.84%	38,217
RAJ PRADIP SHROFF (HUF)Individuals and Hindu undivided families	0.62%	27,923
SATYAM SHROFF HUF . .Individuals and Hindu undivided families	0.56%	25,189
JITENDRA RATILAL SHROFFIndividuals and Hindu undivided families	0.35%	15,810
BINDU SHOBHAN MARFATIAIndividuals and Hindu undivided families	0.32%	14,431
PURVI RAJ SHROFFIndividuals and Hindu undivided families	0.27%	12,000
AARAYAA FINSTOCK PVT LTDIndian companies, trusts and others	0.21%	9,357
RAKSHA PRADIP SHROFFIndividuals and Hindu undivided families	0.17%	7,792
PRADIP RATILAL SHROFFIndividuals and Hindu undivided families	0.09%	4,252
PINKI MUKESH SHROFFIndividuals and Hindu undivided families	0.07%	3,000
JYOTI GIRISH SHROFFIndividuals and Hindu undivided families	0.07%	2,950
HEMENDRA JITENDRA SHROFFIndividuals and Hindu undivided families	0.07%	3,006
HEMENDRA J SHROFF (HUF)Individuals and Hindu undivided families	0.03%	1,200
GIRISH RATILAL SHROFFIndividuals and Hindu undivided families	0.03%	1,300
MANOJ THAKORLAL SHROFFIndividuals and Hindu undivided families	0.02%	800
RAJ PRADIP SHROFFIndividuals and Hindu undivided families	0.02%	800

No promoter shares are reported as pledged.

Largest public holders of V.B.Desai Financial Services, filing by filing

Per cent, on the same shares as the split above.

Holder	Dec 2016Filed 16 Jan	Mar 2017Filed 10 Apr	Jun 2017Filed 14 Jul	Sep 2017Filed 16 Oct	Dec 2017Filed 17 Jan	Mar 2018Filed 19 Apr	Jun 2018Filed 18 Jul	Sep 2018Filed 8 Oct	Dec 2018Filed 11 Jan	Mar 2019Filed 15 Apr	Jun 2019Filed 19 Jul	Sep 2019Filed 11 Oct	Dec 2019Filed 13 Jan	Mar 2020Filed 7 May	Jun 2020Filed 13 Jul	Sep 2020Filed 15 Oct	Dec 2020Filed 13 Jan	Mar 2021Filed 21 Apr	Jun 2021Filed 12 Jul	Sep 2021Filed 12 Oct	Dec 2021Filed 11 Jan	Mar 2022Filed 11 Apr	Jun 2022Filed 12 Jul	Sep 2022Filed 18 Oct	Dec 2022Filed 10 Jan	Mar 2023Filed 11 Apr	Jun 2023Filed 11 Jul	Sep 2023Filed 10 Oct	Dec 2023Filed 8 Jan	Mar 2024Filed 8 Apr	Jun 2024Filed 11 Jul	Sep 2024Filed 9 Oct	Dec 2024Filed 26 Aug	Mar 2025Filed 26 Aug	Jun 2025Filed 17 Jul	Sep 2025Filed 10 Nov	Dec 2025Filed 14 Jan	Mar 2026Filed 8 May	Jun 2026Filed 20 Jul	Sep 2026Filed 13 Oct
DEV ASHOK KARVATResident individuals, over ₹2 lakh at face value	–	–	1.55%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.01%	2.01%	2.01%	2.01%	2.01%	2.01%
SHRIHARI ANNASAHEB SIRDESHPANDEResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%
SHREEKANT JAVALGEKARResident individuals, over ₹2 lakh at face value	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%
VINOD CHANDRA BHATTResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.12%	1.35%	1.35%	1.37%	1.35%	1.35%	1.35%	1.35%	1.35%	1.35%	1.35%	1.35%	1.35%	1.35%	–	–	–
SPARROW ASIA DIVERSIFIED OPPORTUNITIES FUNDForeign portfolio investors, category I	–	–	–	–	–	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	–	–	–	–	–	–	–	–
Srihari SirdeshpandeResident individuals, over ₹2 lakh at face value	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	–	–	–	–	–	–	–	–	–	–
KRUTI CAPITAL SERVICES PVT.LTDOther non-institutions	1.44%	1.44%	1.44%	1.44%	1.44%	1.44%	1.44%	1.44%	1.44%	1.44%	1.44%	1.44%	1.44%	1.44%	1.44%	1.44%	1.44%	1.33%	1.10%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
SANJEEV LUNKADResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.10%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
SPARROW ASIA DIVERSIFIED OPPORTUNITYInstitutions Foreign Portfolio Investor	–	–	–	–	1.11%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
NITIN KOHLIResident individuals, over ₹2 lakh at face value	2.87%	2.87%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.