Latest news with #AshikaCreditCapital
India.com
10 hours ago
- Business
- India.com
Shah Rukh Khan invests Rs 300 crore in this company; its name is..., business is...
Shah Rukh Khan, Suhana Khan and Gauri Khan Shah Rukh Khan is not only the King of Bollywood but also a rising star in the world of investments. Whenever he gets associated with a brand, it often turns into a highly profitable venture. One such beneficiary is a fund management company that has seen significant gains thanks to his involvement. We're talking about the Ashika Group, in which Shah Rukh has co-invested, meaning he has invested alongside several other investors. According to a report by Financial Express, Ashika Group manages investment funds and also launches its financial products. Khan is investing in Ashika Group through his family office. In addition to him, 28 other family offices are also investing in the company. Together, these family offices have invested $1 billion (approximately Rs 8,600 crore) in Ashika Group, which averages out to about $35 million (around Rs 300 crore) per family office. What does Ashika Group do? Ashika Group is involved in a wide range of financial services, including stock broking, alternative investments, investment banking, and family office advisory. All these activities are carried out using investors' funds. In return, Ashika Group charges a 1% profit-based fee, which is relatively low compared to what most portfolio managers and hedge funds charge. The group is promoted by Pawan Jain and Daulat Jain. One of its companies, Ashika Credit Capital, is also listed on the stock market. On Monday, June 23, its shares closed 0.8% lower at Rs 387 on the BSE. Shah Rukh Khan's investments At the same time, Shah Rukh Khan is also counted among the richest actors of Bollywood. According to the February 2025 list of Esquires, his total net worth is $ 876 million (Rs 7549 crore). The superstar has invested in Bollywood production houses, Dreams Unlimited and Red Chillies Entertainment, IPL franchise Kolkata Knight Riders and the global indoor theme park Kidzania. He is also the face of many brands. Khan has also invested money in many real estate and entertainment companies. Apart from having his own house, Mannat, Shah also has properties in Dubai, London and America. He has a farmhouse in Alibaug and a luxurious house in Delhi. The star has also invested in the Numi app, which gives personalised nutrition advice to everyone. There are reports that the actor has recently invested Rs 10 crore in Shri Lotus Developers. This company is owned by film producer and entrepreneur Anand Pandit. His family office had also invested in Freecharge CEO Jason Kothari's media tech firm Mythiki earlier this year.
Business Standard
12-05-2025
- Business
- Business Standard
Ashika Credit Capital reports standalone net loss of Rs 53.87 crore in the March 2025 quarter
Sales decline 27.19% to Rs 2.33 crore Net Loss of Ashika Credit Capital reported to Rs 53.87 crore in the quarter ended March 2025 as against net loss of Rs 6.41 crore during the previous quarter ended March 2024. Sales declined 27.19% to Rs 2.33 crore in the quarter ended March 2025 as against Rs 3.20 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 51.42 crore in the year ended March 2025 as against net profit of Rs 10.70 crore during the previous year ended March 2024. Sales declined 76.93% to Rs 4.24 crore in the year ended March 2025 as against Rs 18.38 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2.333.20 -27 4.2418.38 -77 OPM % -2904.72-260.31 - -1393.4072.63 - PBDT -70.27-8.60 -717 -66.5812.78 PL PBT -70.29-8.61 -716 -66.6212.76 PL NP -53.87-6.41 -740 -51.4210.70 PL
