What we do Gujarat Lease Financing Ltd provides financial services including investment banking, securities credit, housing finance, and real estate development primarily in Gujarat, India. |
Founded in 1,983 |
Market share Established player with historical government backing, serving niche financing segments in Gujarat. |
Problem solved Supports industrial and infrastructural development through financial services and real estate ventures, facilitating economic growth. |
Top clients or who we serve Serves industrial clients, housing finance customers, and investors through B2B and B2C offerings in Gujarat. |
Key management - |
Our journey and innovations Founded as GIIC's subsidiary, expanded into merchant banking, housing finance, securities, and international ventures; amalgamated subsidiaries in 2017. |
Where we operate Primarily in Gujarat, with past operations in Singapore and Dubai through subsidiaries. |
Top products or what we offer Investment banking, housing finance, real estate development, securities trading, and commercial vehicle financing. |
Top brands GLFL Housing Finance, GLFL Securities, GLFL Realities, GLFL International - notable subsidiaries merged back into the parent company. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from interest on deposits and investments; expenses are recurring due to administrative and compliance costs. |
Our industry position A niche financial services firm with legacy roots and focused regional presence in Gujarat. |
Financial highlights FY 2023-24 income Rs 48 lakh; net profit Rs 8.68 lakh; no external debt; stable though small-scale operations. |
Geographical revenue split - |
Order book - |
Whats driving growth Stable interest income on deposits and strategic investment holdings sustain operations; no major growth initiatives currently. |
Our future plans No new projects announced; focused on managing existing portfolio and compliance with regulations. |
Our green promise - |
Our people and values Small team with adherence to corporate governance and compliance; emphasis on ethical conduct. |
Key challenges ahead Operating loss challenges, limited income sources, and maintaining compliance without active business operations. |
Interesting facts Amalgamation of all subsidiaries in 2017; registered as Category-I merchant banker with SEBI. |
Risks and strategy Risk from limited revenue streams mitigated by prudent financial management and historic government support. |
