What we do Jayabharat Credit Ltd transitioned from general insurance to non-banking finance, primarily financing trucks and leasing. It ceased NBFC operations in 2020 and is currently non-operational. |
Founded in 1,943 |
Market share Formerly a recognized NBFC with adequate safety rating; currently not active in lending business. |
Problem solved Historically provided financing solutions for commercial vehicles and leasing options to support transport and corporate sectors. |
Top clients or who we serve Served businesses requiring truck financing and leasing; formerly acted as Category I Merchant Banker in India (B2B focus). |
Key management - |
Our journey and innovations Founded in 1943 as an insurance company, nationalized in 1969; shifted to hire-purchase and leasing in 1980s; ceased NBFC activities in 2020. |
Where we operate India, shifting registered office from Maharashtra to Delhi; no current operational markets. |
Top products or what we offer Historically offered truck financing under hire-purchase schemes and leasing services; no current lending products. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Former revenues were cyclical, dependent on finance and leasing demand; currently no revenue generation. |
Our industry position Earlier rated adequately safe by ICRA; no current market activity or share. |
Financial highlights 2024-25 revenue negligible; net loss of approximately Rs. 100.74 lakhs; debt-free and no new lending. |
Geographical revenue split - |
Order book - |
Whats driving growth Currently no business operations; focus on recovering existing dues from previous financing activities. |
Our future plans Plan to shift registered office; no new business activities initiated yet. |
Our green promise - |
Our people and values Governed by experienced board members; no active business operations or employee base reported. |
Key challenges ahead Restarting operations amid a non-operational phase; managing legacy liabilities and regulatory compliances. |
Interesting facts Paid uninterrupted dividends for 34 years till 2008; one of the few companies transitioning from insurance to NBFC and then non-operational. |
Risks and strategy Business halted; risk of continuing losses; strategy includes clearing dues and possible reconsideration of operational model. |
