The a leading Non-Banking Financial Company (NBFC) shared several key strategic developments aimed at enhancing its growth prospects
FinTech BizNews Service
Mumbai, May 13, 2025: Ashika Credit Capital Limited (the "Company"), a leading Non-Banking Financial Company (NBFC), today announced its audited financial results for the quarter and financial year ended March 31, 2025. In addition to the financial performance, the Company shared several key strategic developments aimed at enhancing its growth prospects.
Financial Results Overview:
For FY 24-25, the Company reported loss of Rs51.42 crores (mainly due to net loss on fair value changes of Rs 50.42 crores), compared to a profit of Rs10.72 crores in FY 23-24,
Key Developments:
Merger with Ashika Global Securities Pvt Ltd (AGSPL):
Ashika Credit Capital has received approvals from the Reserve Bank of India (RBI) for the merger with Ashika Global Securities Pvt Ltd (AGSPL), a group company with an approx fair value of Rs2,443 crores. After receiving approval from Regulator and NCLT order, Ashika Credit Capital will become the holding company for AGSPL’s business verticals, including stock broking, AIF, wealth management, and IFSC GIFT City operations. Further a rating upgrade has been received by Ashika Stock Broking Limited (ASBL), a subsidiary of AGSPL, follows a comprehensive assessment of the financial health of all group companies, including Ashika Credit Capital Limited (ACCL), reflecting the strong overall position of the Group.
Merger with Yaduka Financial Services Ltd:
Ashika Credit Capital has received Regulator approval for the proposed merger with Yaduka Financial Services Ltd, an NBFC with an approximate net worth of Rs80 crores. This approval follows earlier approvals from RBI and the Company plans to file its merger application with the National Company Law Tribunal (NCLT) shortly.
Capital Raise of more than Rs500 Crores in FY25:
Ashika Credit Capital successfully raised more than Rs 500 crores during FY25, showcasing investors strong confidence and providing a solid foundation to accelerate growth and diversify operations.
New Subsidiary Ashika Private Equity Advisors Pvt Ltd:
The Company has launched Ashika Private Equity Advisors Pvt Ltd, a new subsidiary focused on establishing Category 2 AIF. The Company is in process to apply for SEBI approval to offer investors unique opportunities in high-growth sectors.
Exploring Inorganic Growth through Acquisitions:
Ashika Credit Capital is actively exploring growth opportunities, through different acquisitions, including immediate acquisition to expand its market presence and diversify its portfolio.
Strategic Vision:
Mr. Chirag Jain, Chief Executive Officer, commented, “Despite the short-term impact of market volatility on our portfolio, we remain confident in the long-term fundamentals of our business and continue to pursue strategic growth opportunities to deliver value for our stakeholders.”
