Mufin Green Finance shareholders and shareholding pattern

NSE: MUFINBSE: 542774FinanceSmall Cap

Mufin Green Finance Limited · Face value ₹1 · Listed Sep 2019 on BSE, Nov 2023 on NSE

₹131.11₹1.97 (1.53%)BSE ₹131.05

Share price at the NSE close on 28 Oct 2026. Previous close ₹129.14.

28 Oct: open ₹129.40, high ₹132.35, low ₹128.90

52-week range of traded prices to 28 Oct 2026

₹95.00Low, 30 Mar 2026₹143.90High, 21 Oct 2026

Market cap: ₹2,598 Cr1,156th largest listed
P/E: Owners' profit not stated
P/B: 4.52
Dividend yield: Nonein the last 12 months
NIM: 6.88%
Cost of funds: 11.37%
Credit cost: 0.60%
ROA: 1.85%
Leverage: 3.63times net worth
Volume, NSE: 5,70,30523.1% delivered

Mufin Green Finance's shareholding pattern for Sep 2026, filed on 21 Oct 2026, with every filing from Sep 2019: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns Mufin Green Finance, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters47.30%
Foreign institutions1.80%
Indian institutions10.05%
Individuals and others40.85%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Individuals and others

Per cent	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	63.53%	64.11%	64.91%	65.12%	66.18%	67.70%	67.75%	67.75%	67.75%	67.75%	None	67.75%	58.18%	58.18%	58.18%	58.18%	58.18%	58.18%	54.77%	54.51%	54.51%	54.35%	54.31%	54.20%	54.20%	54.11%	47.30%	47.30%	47.30%
Indian promoters	63.53%	64.11%	64.91%	65.12%	66.18%	67.70%	67.75%	67.75%	67.75%	67.75%	–	67.75%	58.18%	58.18%	58.18%	58.18%	58.18%	58.18%	54.77%	54.51%	54.51%	54.35%	54.31%	54.20%	54.20%	54.11%	47.30%	47.30%	47.30%
	36.47%	35.89%	35.09%	34.88%	33.82%	32.30%	32.25%	32.25%	32.25%	32.25%	100.00%	32.25%	41.82%	41.82%	41.82%	41.82%	41.82%	41.82%	45.23%	45.49%	45.49%	45.65%	45.69%	45.80%	45.80%	45.89%	52.70%	52.70%	52.70%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	Under 0.01%	0.11%	0.49%	0.33%	0.86%	1.25%	0.85%	0.84%	1.07%	1.18%	2.26%	1.80%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	Under 0.01%	0.05%	0.43%	0.27%	0.86%	1.21%	0.85%	0.80%	0.97%	0.90%	1.59%	1.23%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.06%	0.06%	0.06%	Under 0.01%	0.04%	Under 0.01%	0.04%	0.09%	0.28%	0.67%	0.57%
	–	–	–	–	–	–	–	–	–	–	–	–	14.13%	14.13%	14.13%	14.13%	14.13%	14.13%	13.16%	13.10%	13.10%	12.54%	12.53%	11.85%	11.90%	8.39%	9.29%	10.05%	10.05%
Mutual funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	0.00%	1.67%	1.67%
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%
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	14.12%	14.12%	14.12%	14.12%	14.12%	14.12%	13.16%	13.09%	13.09%	12.53%	12.52%	11.84%	11.89%	8.38%	9.28%	8.37%	8.37%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	27.69%	27.69%	27.69%	27.69%	27.69%	27.69%	31.96%	31.89%	32.05%	32.25%	31.91%	33.11%	33.06%	36.43%	42.23%	40.39%	40.85%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	19.57%	19.76%	19.85%	19.94%	13.58%	13.94%	15.54%	16.20%	16.11%	16.34%	16.97%	18.10%	17.81%	19.15%	17.87%	15.38%	15.16%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	2.92%	2.46%	2.46%	2.46%	6.11%	5.56%	5.98%	5.03%	4.79%	4.49%	3.87%	3.86%	4.31%	4.70%	10.00%	8.32%	8.34%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	1.43%	0.95%	0.92%	0.92%	0.88%	1.11%	2.45%	2.91%	3.25%	3.42%	3.12%	3.49%	3.40%	4.92%	5.16%	6.81%	6.71%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	0.21%	0.30%	0.16%	0.21%	0.21%	0.30%	0.42%	0.74%	0.88%	0.96%	0.97%	0.91%	0.91%	0.85%	0.73%	2.85%	2.83%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	1.87%	1.87%	1.87%	1.87%	1.87%	1.87%	1.74%	1.73%	1.73%	1.73%	1.73%	1.63%	1.63%	1.63%	1.42%	1.42%	1.42%
	–	–	–	–	–	–	–	–	–	–	–	–	1.70%	2.34%	2.43%	2.30%	5.02%	4.91%	5.82%	5.28%	5.29%	5.31%	5.26%	5.11%	4.99%	5.18%	7.04%	5.61%	6.38%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	0.09%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	1.41%	2.02%	2.03%	1.91%	1.96%	–	2.24%	1.91%	1.98%	1.90%	1.94%	1.80%	1.70%	1.73%	1.60%	1.83%	2.71%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.31%	0.23%	0.23%	0.23%	0.23%	0.22%	0.22%	0.22%	0.54%	0.54%	0.54%
Firm	–	–	–	–	–	–	–	–	–	–	–	–	0.19%	0.33%	0.39%	0.39%	0.43%	–	0.89%	0.80%	0.77%	0.87%	0.80%	0.95%	0.92%	1.09%	1.28%	1.39%	1.30%
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.64%	–	2.39%	2.34%	2.31%	2.31%	2.29%	2.15%	2.15%	2.13%	1.85%	1.85%	1.83%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.77%	–	–
Promoter shares pledgedShare of the promoters' own shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.72%	0.00%	0.00%	0.00%	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Shares in issue	2,16,11,360	2,16,11,360	2,16,11,360	2,16,11,360	2,16,11,360	2,16,11,360	2,16,11,360	2,16,11,360	2,16,11,360	2,16,11,360	2,16,11,360	2,16,11,360	2,51,65,862	2,51,65,862	2,51,65,862	5,03,31,724	15,09,95,172	15,09,95,172	16,21,05,172	16,28,70,172	16,28,70,172	16,33,70,172	16,34,90,172	17,29,55,172	17,29,55,172	17,32,31,423	19,81,62,188	19,81,62,188	19,81,62,188
Shares locked in	–	–	–	–	–	–	–	–	–	–	–	–	1,81,07,104	1,81,05,989	1,81,05,989	–	0	5,40,000	1,16,50,000	1,18,75,000	1,18,75,000	95,35,000	51,95,000	1,17,80,000	1,17,80,000	9,75,88,558	12,03,94,323	11,85,60,917	11,80,49,147
Promoters' shares locked in	–	–	–	–	–	–	–	–	–	–	–	–	1,45,52,602	1,45,51,487	1,45,51,487	–	0	5,40,000	14,70,000	9,30,000	9,30,000	9,30,000	9,30,000	58,80,000	58,80,000	9,31,95,612	9,31,95,612	9,31,95,612	9,31,95,612

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. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “None” is a filing that names no promoter holding shares. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Mufin Green Finance shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
All shareholders	9,171	9,040	8,889	8,827	8,662	8,500	8,471	9,131	13,073	12,198	11,511	10,841	10,401	10,486	10,521	11,294	14,843	18,850	22,133	25,009	24,017	25,503	25,971	26,485	27,237	27,358	25,767	24,964	25,820
	14	14	14	12	12	13	13	13	13	13	None	2	2	2	2	2	2	2	2	2	2	2	2	6	6	6	6	6	6
Indian promoters	14	14	14	12	12	13	13	13	13	13	–	2	2	2	2	2	2	2	2	2	2	2	2	6	6	6	6	6	6
	9,157	9,026	8,875	8,815	8,650	8,487	8,458	9,118	13,060	12,185	11,511	10,839	10,399	10,484	10,519	11,292	14,841	18,848	22,131	25,007	24,015	25,501	25,969	26,479	27,231	27,352	25,761	24,958	25,814
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	1	4	6	5	8	10	7	5	8	12	13	16
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	1	3	5	4	7	8	6	4	7	10	9	10
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	1	1	1	1	2	1	1	1	2	4	6
	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	3	3	3	4	4	4	4	4	8	6	9	9	9
Mutual funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	–	–	–	0	1	1
Banks	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	4	4	7	6	6
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	2	2	2	2	2	3	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	10,397	10,482	10,517	11,290	14,838	18,844	22,124	24,997	24,006	25,489	25,955	26,468	27,218	27,338	25,740	24,936	25,789
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	10,140	10,243	10,260	11,028	14,500	18,404	21,543	24,376	23,359	24,766	25,224	25,686	26,374	26,431	24,836	24,039	24,870
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	3	2	2	2	19	17	21	18	17	15	11	12	15	17	39	28	27
Companies	–	–	–	–	–	–	–	–	–	–	–	–	56	53	58	56	60	92	108	121	122	141	144	158	171	194	180	183	174
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	59	60	63	66	97	108	142	156	166	172	170	172	180	191	179	203	210
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	138	123	133	137	161	222	309	325	341	394	405	439	477	504	505	482	507
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	13	1	3	2	–	–	–	–	–	–	–	–	–	–	1	1	1
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	120	114	122	127	146	–	267	286	300	346	355	381	416	440	426	407	432
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	4	4	4	4	4	5	5	6	6	7
Firm	–	–	–	–	–	–	–	–	–	–	–	–	5	8	8	8	14	–	36	34	36	43	45	53	55	58	67	67	66
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	1	1	1	1	1	1	1	1	1	1	1
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	–	–

Mufin Green Finance 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 Hindon Mercantile Limited, 44.53%.Promoter buying and selling

Holder
Hindon Mercantile LimitedIndian companies, trusts and others	44.53%	8,82,45,612	100.00%
Kapil GargIndividuals and Hindu undivided families	0.83%	16,40,000	67.07%
Pooja GargIndividuals and Hindu undivided families	0.56%	11,00,041	100.00%
Saurabh GargIndividuals and Hindu undivided families	0.56%	11,00,000	100.00%
Shelly GargIndividuals and Hindu undivided families	0.56%	11,00,000	100.00%
Bimapay Technology Private LimitedIndian companies, trusts and others	0.28%	5,50,000	100.00%

No promoter shares are reported as pledged. Locked in is the share of the holder's own shares that cannot be sold yet, as after a listing or an allotment.

Largest public holders of Mufin Green Finance, filing by filing

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

Holder	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Incofin India Progress FundAlternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	14.12%	14.12%	14.12%	14.12%	14.12%	14.12%	13.16%	13.09%	13.09%	12.53%	12.52%	11.84%	11.84%	8.36%	7.31%	6.55%	6.55%
Sangeetha SResident individuals, over ₹2 lakh at face value	–	2.43%	2.43%	2.43%	2.43%	2.43%	2.43%	2.43%	2.43%	2.42%	2.41%	2.41%	2.05%	2.05%	2.05%	2.05%	2.04%	1.99%	1.84%	1.84%	1.84%	1.83%	1.83%	1.73%	1.73%	1.73%	1.51%	1.51%	1.51%
Investor Education and Protection FundInvestor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.74%	–	1.73%	1.73%	1.73%	–	–	–	1.42%	1.42%	1.42%
MMG Advisors LLPCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.29%	1.29%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OFInvestor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.63%	1.63%	–	–	–
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITYInvestor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.87%	–	–	–	–	–	–	–	–	–	–	–
Sasmal Marcom Pvt LtdOther non-institutions	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.11%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
SUBRAMANIAN PResident individuals, over ₹2 lakh at face value	2.43%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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.