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×

incred financial services Limited

100.00
+ 0.00 %
Scrip Name
INCRED FINANCIAL
ISIN No.
INE945W01012
PAN No.
AAACV3232G
Face Value
10
No. of Outstanding Shares
387,988,992
Market Capitalization
3,879.89 Crore

INCRED FINANCIAL SERVICES LIMITED UNLISTED SHARE 

Incorporated on 08 January 1991, Incred Financial Services Limited is registered at the Registrar of Companies, Mumbai. Authorized share capital of the company is Rs. 21,05,99,99,700 and its paid-up capital is Rs. 3,87,98,89,920. The Company provides quick landing services using technology and data science.


 Four major segments of the business are as follows.

PERSONAL LOANS-

InCred's consumer business focuses on offering hassle-free, reasonably cost unsecured personal loans.


EDUCATION LOANS-

InCred aims to support India’s growth & future generations by providing educational loans and removing the biggest hurdle students face when dreaming of higher education - financing.


SME Business Loans-

  • The major obstacles to these SMEs' growth and expansion include financing and limited credit availability. By offering working capital, growth capital, and custom finance solutions, InCred strives to assist such businesses in overcoming these challenges.

 

Digital MSME Loans-

InCred provides quick & seamless business Loans for selling goods/services online. Hence the company has partnered with industry leaders like Amazon & Zomato to provide credit with ease.


INCORPORATION DETAILS


CIN

U74899MH1991PLC340312

Registration Date

08/01/1991

Company Name

InCred Financial Services Limited

Email Address

incred.compliance@incred.com

Category/Sub-category of the Company

Non-Banking Financial Company (NBFC)S

Registration Number

340312

Address of the Registered office & contact details

Unit No. 1203, 12th Floor,

B Wing, The Capital Plot No. C - 70,

G Block, Bandra Kurla Complex

Mumbai  400051

Website -https://bit.ly/2MYK5i5

Company Secretary & Compliance Officer

Mr. Gajendra Thakur

Name, Address & contact details of the Registrar & Transfer Agent, if any

Link Intime India Private Limited

C 101, 247 Park B S Marg,

Vikhroli West, Mumbai 400 083

Tel No: +91 22 49186000

 

PARTICULARS OF HOLDING, SUBSIDIARY & ASSOCIATE COMPANIES 

 

S.NO.

Name Of The Company

Category

%Of Shares Held

1.

BEE FINANCE LIMITED

HOLDING

59.64

2.

InCred Housing Finance Private Limited (formerly known as Bee Secure Home Finance Private Limited)

SUBSIDIARY

100

3.

BOOTH FINTECH PRIVATE LIMITED

SUBSIDIARY

100

4.

Incred Management and Technology Services Pvt. Ltd. (formerly known as Bee Fintech Pvt. Ltd.)

SUBSIDIARY

40.96


BOARD OF DIRECTORS

 

S.NO.

Name of the Directors

Category

1.

Mr. Bhupinder Singh

Wholetime Director & CEO

2.

Mrs. Rupa Vora

Independent Director

3.

Mr. Karnam Sekar

Independent Director

4.

Mr. Vivek Anand PS

Director

5.

Mr. Vivek Bansal

Wholetime Director & CFO

6.

Mr. Debashish Dutta Gupta

Independent Director


Principal Business Activities of the Company

Name & Description of main products/services

NIC Code of the Product /service

% of  total turnover of the company

Other financial service activities, except insurance and pension funding activities

64990

100%


SHAREHOLDING PATTERN

(As of 31-03-2022)

S. No.

Shareholder’s Category

No. of Shares

% of total Shares of the company

1.

Promoters

232,892,679

75.68

2.

Public

74,835,257

24.32


Total

307727936

100%


PROFIT & LOSS STATEMENT OF INCRED FINANCIAL SERVICES LIMITED (In LAKHS)

(As of 31-03-2019 to 31-03-2022)

Income

2022

2021

2020

2019

Revenue from Operations





Interest income

47,340.06

37,723.45

31091.36

29,940.46

Net gain on derecognition of financial instruments under amortized cost category

336.68

-

-

-

Fees and commission income

1,022.24

557.16

805.96

1,044.68

Net gain on fair value changes

104.17

268.91

465.01

(5.14)

Other operating income

-

-

255.00

600.00

Total Revenue

48,803.15

38,549.52

32,617.32

31,580.00

Other income

3,624.09

698.13

649.34

1,136.42

Total income

52,427.24

39,247.65

33,266.6

32,716.42

Expenses





Finance Costs

21,946.81

15,275.74

11,605.70

14,082.84

Net loss on derecognition of financial instruments under amortized -cost category

1,045.87

-

-

-

Impairment of financial instruments

4,352.02

8,868.63

5,634.50

3,662.19

Employee benefits expenses

13,921.43

9,448.81

9,174.99

8,636.15

Depreciation and amortization

1,227.80

1,015.98

1,160.68

275.93

Others expenses

5,326.87

3,936.45

4,485.49

5,234.09

Total Expenses

47,820.80

38,545.61

32,061.36

31,891.20

Profit before sharing of loss of Associates 

4,606.44

702.04

1,205.30

825.22

Share of loss of associates

420.90

349.57

491.55

-

Profit before exceptional items and tax

-

-

713.75

825.22

Exceptional item

-

-

-

3,316.63

Profit /(Loss) before tax and after exceptional items

4,185.54

352.47

713.75

4,141.85

Tax expenses





Current tax

1,358.99

1,231.51

527.43

574.55

Tax pertaining to previous years

-

(96.38)



Deferred tax

(256.21)

(999.71)

(329.99)

795.24

Total Tax Expense

1,102.78

135.42

197.44

1396.79

Profit for the year 

3,082.76 

217.05

516.31 

2,772.06

Other comprehensive income

 

 



 Items that will not be reclassified to profit or loss

 

 



Remeasurement gain/(loss) of the defined benefit plans

(94.84)

(26.29)

29.03

54.47

 Equity instruments through other comprehensive income

-

-

0.02

14.26

Income tax relating to items that will not be reclassified to profit or loss

23.87

6.62

(0.32)

(15.19)

Subtotal 

(70.97)

(19.67)

28.73

53.54

Items that will be reclassified to profit or loss

 

 

--


Debt instruments through other comprehensive income

(120.30)

118.97



The effective portion of gains and loss on hedging instruments in a cash flow hedge

103.74

-



Income tax relating to items that will not be reclassified to profit or loss

4.17

(29.95)



Subtotal

(12.39) 

89.02



Other comprehensive income

(83.36)

69.35

28.73

53.54

Total comprehensive income for the year

2,999.40

286.40

545.04 

2,825.60

Profit is attributable to





Owners of the Group

3,082.76

217.05

516.31

2,453.24

Non controlling interests

-

-

-

318.82

Other Comprehensive Income is attributable to





Owners of the Group

(83.36)

69.35

28.73

53.54

Non controlling interests

-

-



Total Comprehensive Income is attributable to





Owners of the Group

2,999.40

286.40

545.04

2,506.78

Non controlling interests

-

-

-

 318.82

Earnings per equity share (Face Value: INR 10 per share)

 

 



Basic (INR)

0.80

0.06

0.14

0.80

Diluted (INR)

0.79

0.06

0.14

0.80


BALANCE SHEET OF INCRED FINANCIAL SERVICES LIMITED (In LAKHS)

(As of 31-03-2019 to 31-03-2022)

   

PARTICULARS

2022

2021

2020

2019

Equity and Liabilities

 

 



Equity Share Capital

35,450.27

30,772.79

38,615.30

30,762.93

Preference share capital

3,347.96

7,851.63

-

-

Other equity

72,720.48

66,776.78

65,435.10

31,088.80

Total 

1,11,518.71 

1,05,401.20

104050.4

61851.73

Financial liabilities

 

 



Derivative financial liabilities

186.87

-













total outstanding dues of creditors other than micro-enterprises and small enterprises

-

-

-

12.33

total outstanding dues of creditors other than micro-enterprises and small enterprises

-

-

58.11

343.10

Debt securities

1,06,523.77

75,786.75

42,105.62

47,814.80

Borrowings (other than debt securities)

1,75,065.49

91,062.13

70,321.28

77,497.73

Other financial liabilities

8,198.31

6,684.48

3,345.35

918.14

Total  Financial liabilities

2,89,974.44

1,73,533.36



Non Financial liabilities

 




Current tax liabilities (net)

-

-

-

                64.90

Provisions

324.46

169.90

          158.41

             153.97

Deferred tax liabilities (net)

728.89

832.27

1,069.68

1,205.53

Other non-financial liabilities

918.06

516.58

2,101.09

1,982.55

Total  Non Financial liabilities

1,971.41

1,518.75



Total liabilities and equity

4,03,464.56

2,80,453.31

2,23,209.94 

1,91,844.78

Financial assets





Cash and cash equivalents

5,505.98

1,457.92

3,843.63

6,773.51

Bank balance other than cash and cash equivalents

2,991.36

588.46

735.88

267.46

Derivative financial instruments

1,181.05

-

-

-

Trade receivables

108.34

3.76

141.01

13.18

Other receivables



4.75

55.50

Loans

3,73,226.42

2,55,359.84

2,04,849.17

1,73,800.39

Investments

8,119.65

12,457.43

5,051.35

5,246.65

Other financial assets

2,754.80

1,852.48

773.70

575.85

Total  Financial Assets 

3,93,887.60

2,71,719.89

210819.98

179691.57

Non financial assets

 

 

 

 

Current tax assets (net)

1,209.98

737.72

1,282.51

962.32

Deferred tax assets (net)

2,038.67

1,857.41

1,118.43

924.60

Property, plant, and equipment

3,479.68

3,440.94

3,145.49

1,309.66

Capital work in progress

293.95

14.49

125.06

-

Goodwill

652.65

652.65

652.65

652.65

Other intangible assets

433.27

547.43

308.00

442.60

Other non financial assets

1,468.76

1,482.78

1,178.31

820.41

 Total Non financial assets

9,576.96

8,733.42

7810.45

               5112.24

Total Assets

4,03,464.56 

2,80,453.31

2,23,209.94 

1,91,844.78








DIVIDEND AND RETAINED EARNINGS

(As of 31-03-209 to 31-03-2022)

Particulars

2022

2021

2020

2019


Dividend

-

-

-

-

 

Retained Earnings (In Rs. Lakhs)

NIL

3088.92

3,096.24

2,640.28



PERFORMANCE OF THE COMPANY

 Revenue from Operations Increased from Rs. 38,549.52 Lakhs in FY 2021 to Rs. 48,803.15 Lakhs in FY 2022, showing an increase of  26.60%  as compared to the previous financial year.

 

In FY 2022, Company’s Net profit stood at Rs  2,999.40 Lakhs higher than the Net Profit of  Rs. 286.40 Lakhs in FY 2021.


The Current Ratio of the company as of 31st March 2022 was 4.86%.


The Debt Equity Ratio of the company as of 31st March 2022 was 3.62%.

 

The Company has not paid dividends in the last 4 years.








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