What we do Gujarat State Financial Corporation provides financial assistance to small and medium industrial and service units in Gujarat, fostering entrepreneurship and regional development. |
Founded in 1,960 |
Market share Key state-level financial institution supporting SMEs with a significant historic footprint in Gujarat's industrial growth. |
Problem solved Addresses financing gaps for new and existing SMEs in Gujarat, aiding asset acquisition and business expansion. |
Top clients or who we serve Primarily small and medium scale industrial and service sector units across Gujarat; caters to B2B segment. |
Key management - |
Our journey and innovations Established in 1960, it was the second state financial corporation to list publicly; pioneered online customer services and export promotion roles. |
Where we operate Operations confined to the Gujarat state, India. |
Top products or what we offer Financial assistance including loans for fixed assets, leasing, hire purchase, and fee based services. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from interest income and recoveries; largely non-recurring due to focus on recovery and lending cessation. |
Our industry position A leading state financial corporation with a historic role but currently focused on recovery and rationalization. |
Financial highlights FY 2024-25 revenue at Rs.1.7 crore; net loss Rs.125 crore; accumulated loss of Rs.3425 crore indicating financial distress. |
Geographical revenue split Revenues generated predominantly within Gujarat, India. |
Order book - |
Whats driving growth Focus on recovering outstanding dues and debt restructuring; limited new lending activity. |
Our future plans Undergoing restructuring, VRS for employees, and implementing OTS schemes to improve financial health. |
Our green promise - |
Our people and values Staff reduced to 12 with emphasis on cost cutting and redeployment; culture adapting for survival. |
Key challenges ahead Severe financial losses, capital erosion, and the challenge of restructuring for sustainability. |
Interesting facts Financed over 47,000 units creating 600,000+ jobs; one of the earliest state financial corporations to list publicly. |
Risks and strategy Ongoing losses and capital erosion risk viability; strategy involves restructuring, asset recovery, and government support. |
