Second largest NBFC-MFI in Eastern India (based on the presence of corporate offices) among Peer NBFC-MFIs in terms of AUM with a Focus on under-penetrated rural and semi-urban areas.
Customer centric approach with diverse product offerings.
Advanced and scalable AI-enabled technology infrastructure.
Proprietary credit scoring model driving underwriting discipline and risk based pricing.
Diversified borrowing relationships and access to multiple sources of capital.
The Reserve Bank of India had directed our Company to cease and desist from sanction or disbursal of loans from October 21, 2024 which was lifted on January 3, 2025. Any such directions in the future from the RBI or any other regulatory authority, including in relation to suspension of our business, could adversely affect our business, financial condition, results of operations and reputation.
Our gross non-performing assets ("Gross NPAs") were Rs. 1,017.16 million, Rs. 1,692.96 million, Rs. 1,136.22 million and Rs. 1,451.36 million as of December 31, 2025, March 31, 2025, March 31, 2024 and March 31, 2023, respectively. If we are unable to control the level of non-performing assets in the future, or if we are unable to maintain adequate provisioning coverage, or if there is any change in regulatorily mandated provisioning requirements, our business, results of operations, financial condition and cash flows condition could be adversely affected.
Our business requires funds regularly, and any disruption in our funding sources could have an adverse effect on our business, results of operations, financial condition and cash flows.
As a non-banking financial company, non-compliance with the Reserve Bank of India's observations made during its periodic inspections could expose us to penalties and restrictions which could have an adverse effect on our business, results of operations, financial condition and cash flows.
In the nine months ended December 31, 2025 and the last three Fiscals, our interest income accounted for 91.58%, 93.27%, 86.73% and 86.99% of our total income, respectively. Our financial performance is vulnerable to interest rate risk, and an inability to manage our interest rate risk could impact our net interest income and adversely affect our business, results of operations, financial condition and cash flows.
We have incurred indebtedness and an inability to comply with existing and future repayments and other covenants in our financing agreements could adversely affect our business, results of operations, financial condition and cash flows.
If we are unable to maintain our collection efficiencies or control the level of non-recovery of loans, our business, profitability, results of operations, financial condition and cash flows could be adversely affected.
We have had negative net cash flows from operating activities in the past and may continue to have negative cash flows in the future. Negative cash flows over extended periods or significant negative cash flows in the short term, could impact our ability to operate our business and implement our growth plans.
Our business requires us to deal with large volumes of small value cash transactions exposing us to operational risks including fraud, petty theft, embezzlement, or other misconduct. If we fail to maintain an effective system of internal controls, we may not be able to successfully manage, or accurately report, our financial risks which could adversely affect our business, results of operations, financial condition and cash flows.
Some of our corporate records and regulatory filings, including those relating to allotments of our Equity Shares in the past are not traceable. We cannot assure you that the above form filings and resolutions will be available in the future or that we will not be subject to any penalty imposed by the regulatory authorities in this respect.
