JM Financial Credit Solutions Limited NCD (JM Financial NCD Nov 2018) Detail

Incorporated in 1980, JM Financial Credit Solutions Limited is a Systemically Important Non - Deposit-taking Non - Banking Financial Company ('NBFC ND - SI'). The company is part of the JM Financial group and offers integrated financial solutions to real estate developers. It focuses on providing residential project financing at various stages in the life cycle of a project.

JM Financial provides secured and unsecured loans to the real estate developers. Its product portfolio consists of -

Project finance: This includes offering loans to developers for construction of residential or commercial projects.
Loans against property: This includes loans against the residential or commercial properties with occupation certificate.
Loans against shares: This includes loans to investors against the listed or unlisted shares of corporates;
Project at early stage loans: This is primarily undertaken against projects which are expected to be launched soon; and
Loans against land: This funding is primarily undertaken for land acquisition or against land parcels which are not expected to be launched in the near future. These parcels are mostly without approvals at the time of funding.

The company has clients across Mumbai, Pune, NCR, Chennai, Bengaluru, Hyderabad, and Kolkata. For Fiscal 2018, the loan book stood at Rs 73,388.8 million as compared to Rs 56,581.5 million in Fiscal 2017.