Indostar Capital Finance Limited NCD (Indostar Capital Finance NCD September 2024) Detail

Indostar Capital Finance Limited was incorporated in 2011 and is a non-banking finance company (NBFC) registered with the Reserve Bank of India as NBFC-ML.

The company offers secured financing solutions to borrowers in various categories: Financing of used and new vehicles for transporters, affordable home finance solutions for borrowers, loans for SME borrowers and structured finance solutions for corporates.

• The company has two wholly-owned subsidiaries:
  Indostar Home Finance Private Limited (IHFPL): IHFPL provides affordable home loans to salaried, professional, middle and lower-income groups residing in the outskirts of Tier-II and below cities; and
• Indostar Asset Advisory Private Limited (IAAPL): IAAPL operates as an investment manager and is registered with SEBI.

The company had 4 main business lines:

• Commercial Vehicle Finance: This involves providing finance for the purchase of used or new commercial vehicles, passenger vehicles and two-wheelers.
• Housing Finance: This business is conducted through Indostar Home Finance Private Limited (IHFPL). The focus is on providing affordable housing finance.
• SME Loans: This involves providing secured/unsecured loans for business purposes to small and medium enterprises, including businessmen, traders, manufacturers, and professionals.
• Corporate loans: Corporate loans are primarily loans to real estate developers, primarily for financing the construction of residential and commercial buildings at project level and for early-stage investor participation.

Indostar Capital Finance has an extensive network of 515 branches in 23 states (as at March 31, 2024).

As of March 31, 2024, the company served over 2,33,098 customers with its diversified portfolios and loan products and employed 3,999 people (3,067 employees of the main company and 932 employees of the subsidiary IHFPL).