What we do Haryana Financial Corporation Ltd is a state-level financial institution providing merchant banking, investment banking, trade finance, lease finance, and term lending services primarily in Haryana, India. |
Founded in 1,967 |
Market share First state financial corporation to go public; Category-I Merchant Banker and Category-A state-level financial institution by IDBI with strong regional presence. |
Problem solved Facilitates industrial growth by providing finance and guarantees to industries, addressing funding gaps for MSMEs in Haryana. |
Top clients or who we serve Mainly serves industrial and small to medium enterprises in Haryana in a B2B capacity. |
Key management - |
Our journey and innovations Established in 1967 post Punjab reorganization; first state-level financial institution to list publicly in 1995; expanded into non-fund-based financial services in 1995. |
Where we operate Primarily operates within Haryana, India. |
Top products or what we offer Merchant banking, investment banking, trade and lease finance, term lending, guarantees, letters of credit, forex services. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from interest and fees relating to financial services; ceased new loan sanctions since 2010. |
Our industry position Well-established state financial institution with government backing, recognized for financial services to Haryana industries. |
Financial highlights 2024-25 Revenue Rs.2.85 Cr, net loss Rs.0.01 Cr; business winding down with no fresh sanctions since 2010. |
Geographical revenue split Revenue and operations confined to Haryana region. |
Order book - |
Whats driving growth Focused on recovery of dues; no growth from new business as fresh sanctions stopped since 2010. |
Our future plans Undergoing winding up/liquidation process as decided by state government, with delisting underway. |
Our green promise - |
Our people and values Operates with a government-appointed board maintaining governance and regulatory compliance. |
Key challenges ahead No new business, liquidity constraints, and ongoing wind-up proceedings present significant operational challenges. |
Interesting facts First state financial corporation to be publicly listed and hold OTCEI membership. |
Risks and strategy Winding up strategy to mitigate financial risks; no new borrowings; focus on recovering dues and meeting liabilities. |
