Latest news with #IKFFinance
Business Standard
24-05-2025
- Business
- Business Standard
I K F Finance standalone net profit declines 11.26% in the March 2025 quarter
Sales rise 39.40% to Rs 189.08 crore Net profit of I K F Finance declined 11.26% to Rs 26.48 crore in the quarter ended March 2025 as against Rs 29.84 crore during the previous quarter ended March 2024. Sales rose 39.40% to Rs 189.08 crore in the quarter ended March 2025 as against Rs 135.64 crore during the previous quarter ended March 2024. For the full year,net profit rose 40.25% to Rs 107.95 crore in the year ended March 2025 as against Rs 76.97 crore during the previous year ended March 2024. Sales rose 49.82% to Rs 650.25 crore in the year ended March 2025 as against Rs 434.03 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 189.08135.64 39 650.25434.03 50 OPM % 67.7175.27 - 72.3174.59 - PBDT 36.5041.18 -11 148.13106.78 39 PBT 35.6740.02 -11 144.76103.37 40 NP 26.4829.84 -11 107.9576.97 40
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Business Standard
15-05-2025
- Business
- Business Standard
Norwest leads ₹1,465 cr investment in IKF Finance to boost growth
Private equity fund Norwest on Thursday announced that it has led a Rs 1,465-crore investment in the Hyderabad-based non-bank lender IKF Finance. The investment includes both primary share issuances and also secondary transactions, according to a statement. Norwest has led the round with a USD 100 million or about Rs 850 crore investment, it said. The company, founded in 1991, operates in nine states, offering secured retail loans and credit for small businesses. It also gives loans against property and affordable home finance through a home finance subsidiary. It had a loan book of Rs 6,700 crore as of March 2025. The company is backed by Accion and its limited partners, it said, adding that existing investor Motilal Oswal PE has also invested in the current round. "This is our largest fundraise to date and a key milestone in our journey to expand access to inclusive, flexible financial solutions for underserved communities," the company's founder and chairman VGK Prasad said. The company will accelerate financing, and invest in distribution, technology, and people, its managing director K Vasumathi Devi said. "Backed by an experienced leadership team, strong governance, and a consistent track record, IKF is well positioned to continue meeting the needs of Indian borrowers," head of Norwest India Niren Shah said.
Mint
15-05-2025
- Business
- Mint
IKF Finance raises ₹1,465 crore from Norwest and Motilal Oswal Alternates
IKF Finance, a non-banking financial company based in Hyderabad, has raised around ₹ 1,465 crore ($175 million) from global investment firm Norwest and existing investor Motilal Oswal Alternates, the company announced on Thursday. The round, IKF's largest to date, included both primary capital and a secondary component, it added. Mint first reported in September 2024 that IKF's promoters and investors were exploring a controlling stake sale that could value the company at $200-250 million. The company did not confirm its valuation after the round. Norwest led the latest round with an investment of more than $100 million. MO Alternates, which first invested in IKF in 2015, has reinvested 'post making stellar returns', the company said. Founded in 1991 by V.G.K. Prasad, IKF Finance operates across nine Indian states, offering secured loans including used commercial vehicle loans and financing for micro, small and medium enterprises (MSMEs). Its subsidiary, IKF Home Finance, provides affordable housing loans and loans against property. As of March 2025, the company had a loan book of about ₹ 6,700 crore. Promoters held a 42.84% stake as of 31 December, followed by two funds (India Business Excellence Fund II – 11.12%, and IIA – 18.60%) managed by Motilal Oswal Private Equity. As much as 7.96% of the company is held by Accion Digital Transformation Fund, and another 7.96% by Teachers Insurance and Annuity Association of America. 'This is a key milestone in our journey to expand access to inclusive, flexible financial solutions for underserved communities,' said Prasad. The company plans to use the funds to strengthen its distribution network, and invest in technology and people to scale its lending operations to a wider range of customers, according to K. Vasumathi Devi, managing director, IKF Finance. 'Our investment reflects strong confidence in IKF's responsible lending track record, governance, and deep commitment to underserved borrowers,' said Nikhil Kookada, principal at Norwest.
Mint
15-05-2025
- Business
- Mint
IKF Finance raises ₹1,465 crore from Norwest and Motilal Oswal Alternates
IKF Finance, a non-banking financial company based in Hyderabad, has raised around ₹ 1,465 crore ($175 million) from global investment firm Norwest and existing investor Motilal Oswal Alternates, the company announced on Thursday. The round, IKF's largest to date, included both primary capital and a secondary component, it added. Mint first reported in September 2024 that IKF's promoters and investors were exploring a controlling stake sale that could value the company at $200-250 million. The company did not confirm its valuation after the round. Norwest led the latest round with an investment of more than $100 million. MO Alternates, which first invested in IKF in 2015, has reinvested 'post making stellar returns', the company said. Founded in 1991 by V.G.K. Prasad, IKF Finance operates across nine Indian states, offering secured loans including used commercial vehicle loans and financing for micro, small and medium enterprises (MSMEs). Its subsidiary, IKF Home Finance, provides affordable housing loans and loans against property. As of March 2025, the company had a loan book of about ₹ 6,700 crore. Promoters held a 42.84% stake as of 31 December, followed by two funds (India Business Excellence Fund II – 11.12%, and IIA – 18.60%) managed by Motilal Oswal Private Equity. As much as 7.96% of the company is held by Accion Digital Transformation Fund, and another 7.96% by Teachers Insurance and Annuity Association of America. 'This is a key milestone in our journey to expand access to inclusive, flexible financial solutions for underserved communities,' said Prasad. The company plans to use the funds to strengthen its distribution network, and invest in technology and people to scale its lending operations to a wider range of customers, according to K. Vasumathi Devi, managing director, IKF Finance. 'Our investment reflects strong confidence in IKF's responsible lending track record, governance, and deep commitment to underserved borrowers,' said Nikhil Kookada, principal at Norwest. Moelis & Company and Unitus Capital acted as financial advisors to IKF Finance. Cyril Amarchand Mangaldas served as legal counsel to IKF and MO Alternates, while Shardul Amarchand Mangaldas advised Norwest.
Time of India
15-05-2025
- Business
- Time of India
Norwest leads Rs 1,465 cr investment in IKF Finance
Private equity fund Norwest on Thursday announced that it has led a Rs 1,465-crore investment in the Hyderabad-based non-bank lender IKF Finance . The investment includes both primary share issuances and also secondary transactions, according to a statement. Norwest has led the round with a USD 100 million or about Rs 850 crore investment, it said. The company, founded in 1991, operates in nine states, offering secured retail loans and credit for small businesses. It also gives loans against property and affordable home finance through a home finance subsidiary. It had a loan book of Rs 6,700 crore as of March 2025. The company is backed by Accion and its limited partners, it said, adding that existing investor Motilal Oswal PE has also invested in the current round. Continue to video 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo "This is our largest fundraise to date and a key milestone in our journey to expand access to inclusive, flexible financial solutions for underserved communities," the company's founder and chairman VGK Prasad said. The company will accelerate financing, and invest in distribution, technology, and people, its managing director K Vasumathi Devi said. Live Events "Backed by an experienced leadership team, strong governance, and a consistent track record, IKF is well positioned to continue meeting the needs of Indian borrowers," head of Norwest India Niren Shah said.
