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VARTHANA FINANCE PRIVATE LIMITED
Sector Focus
Diversified NBFC
Highest Credit Rating
BBB (Stable) by CRISIL RATINGS LIMITED
Nov 06, 2024
Yield
12.3700% XIRR
Coupon
11.5000 % p.a
Rating
BBB (Stable)
ISIN
INE125T07303
Maturity Date
27 Sep, 2026
Key Strengths
Strong Support from Marquee Investors
Varthana is backed by prominent investors including LGT Capital Invest Mauritius (AUM: USD $100+ Bn), ChrysCapital (AUM: USD $5+ Bn), Omidyar Network, and Elevar Equity Management Limited
Healthy Capitalization
The company reported a capital adequacy ratio (CAR) of 41.06% as of 31st March 2024, well above the RBI’s regulatory requirement of 15%
Experienced Management Team
Co-founders and directors, Mr. Steve Hardgrave and Mr. Brajesh Mishra, bring a combined 54 years of experience in the banking and financial services industry
Improvement in Asset Quality
Varthana’s gross NPA improved significantly, reducing to 2.8% as of 31st March 2024, from 8.4% a year earlier
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Note:
The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).
Note: The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).
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India Bond Private Limited
CIN: U67100MH2008PTC178990
SEBI Registration No.: INZ000311637
NSE Member ID - Debt Segment: 90316
BSE Member ID - Debt Segment: 6811
CIN: U67100MH2008PTC178990
SEBI Registration No.: INZ000311637
NSE Member ID - Debt Segment: 90316
BSE Member ID - Debt Segment: 6811
Registered Address: 605, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz - (East), Mumbai – 400 098.
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