What we do Classic Leasing & Finance Ltd is an Indian Non-Banking Finance Company engaged mainly in asset financing and retail lending focused on secure, collateral-backed credit. |
Founded in 1,984 |
Market share A leading NBFC in structured asset and retail lending with focused quality portfolio building. |
Problem solved Provides funding solutions through secured loans and advances to address credit needs in priority and structured sectors. |
Top clients or who we serve Primarily retail borrowers in priority sector lending; operates mainly in B2C and structured credit markets. |
Key management - |
Our journey and innovations Operates since 1984, expanded into retail lending in 2014 to diversify portfolio and boost asset quality. |
Where we operate Primarily India, with focus on regional markets through RBI registration and local presence. |
Top products or what we offer Asset financing, mezzanine financing, acquisition financing, and retail priority sector loans. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mostly recurring from interest income on loans and advances. |
Our industry position Well-established NBFC with steady profit growth and stable asset base in the Indian non-banking finance sector. |
Financial highlights FY23 revenue Rs. 321 Cr; net profit Rs. 39 Cr; profitable turnaround after previous years' losses. |
Geographical revenue split Majority of revenue from Indian markets; no significant foreign earnings. |
Order book - |
Whats driving growth Growth driven by expansion in retail lending portfolio and secured structured credit products. |
Our future plans Focus on portfolio quality improvement and expansion in retail lending under Priority Sector Lending guidelines. |
Our green promise - |
Our people and values Committed to ethical finance, compliance, and a safe inclusive workplace environment. |
Key challenges ahead Managing credit risk and regulatory compliance amid competitive NBFC environment. |
Interesting facts Listed on Calcutta Stock Exchange and operating for four decades with RBI registration. |
Risks and strategy Mitigates credit and operational risks via secured lending and strong internal controls. |
