Asia Capital Limited is a Mumbai-based **Non-Banking Financial Company (NBFC)** registered with the **Reserve Bank of India (RBI)** under Section **45-IA** of the RBI Act, 1934. Classified as a **Non-Systemically Important Non-Deposit taking NBFC**, the company specializes in fund-based financing and strategic investments. With a lean operational structure and a focus on high-quality credit assets, the firm is currently undergoing a significant capital expansion phase to scale its lending capacity and project financing capabilities. --- ### **Core Financial Operations & Asset Management** The company operates through a single reportable segment: **Fund-based financing activity** within the Indian market. Its business model is centered on holding financial assets to collect contractual cash flows consisting of **Solely Payments of Principal and Interest (SPPI)**. * **Lending Portfolio:** Asia Capital provides loans and advances to corporate entities and other parties. Loans are measured at **amortized cost**. * **Asset Quality:** As of the latest reporting period, the company maintains a high-quality loan book with **no reported overdues exceeding 90 days**. * **Investment Strategy:** The firm engages in strategic investments in various securities to optimize its capital reserves. * **Holding Structure:** The company is a subsidiary of **SKC Investment Advisors Pvt. Ltd.** It operates with no subsidiaries, joint ventures, or associate companies, ensuring a transparent and simplified corporate structure. --- ### **Strategic Capital Expansion & Growth Roadmap** Asia Capital is executing a multi-year strategy to transition from a small-scale NBFC to a high-leverage financial institution capable of undertaking large-scale projects. #### **Capital Structure Evolution** To support upcoming projects over the next **3-4 years**, the company is nearly doubling its equity base and significantly increasing its debt headroom. | Metric | Previous Status | Proposed/Current Status (2026) | | :--- | :--- | :--- | | **Authorised Share Capital** | ₹5.25 Crore | **₹10.00 Crore** | | **Total Equity Shares** | 52,50,000 | **1,00,00,000** | | **Paid-up Capital** | ₹3.09 Crore | **₹3.09 Crore** (Expansion in progress) | | **Borrowing Limit Cap** | Statutory Limit | **₹100.00 Crore** | #### **Fundraising Channels** The Board has secured shareholder approval to source capital from a diversified mix of providers: * **Foreign Direct Investment (FDI)** and **Private Equity** * **High Net Worth Individuals (HNIs)** * Traditional **Banking Channels** --- ### **Financial Performance & Regulatory Compliance** The company has demonstrated consistent growth in profitability and maintains a disciplined approach to regulatory reserves. #### **Key Financial Metrics** | Metric (INR Lakhs) | FY 2024-25 | FY 2023-24 | FY 2022-23 | | :--- | :---: | :---: | :---: | | **Total Income** | **58.29** | **54.45** | **48.86** | | **Profit After Tax (PAT)** | **30.02** | **20.46** | **19.56** | | **Transfer to Special Reserve** | **6.00** | **3.91** | **3.76** | #### **Prudential Norms & Reserves** * **Special Reserve:** In compliance with **Section 45-IC of the RBI Act**, the company transfers **20% of its PAT** to a Special Reserve annually. * **Public Deposits:** The company maintains a strict **non-acceptance policy** for public deposits. * **Standard Asset Provisioning:** A contingent provision of **0.25%** is maintained against standard assets. In FY 2024-25, the company recorded a **provision write-back of ~₹1.31 Lakhs**. * **Accounting Standards:** Financials are prepared under **Ind AS**. However, liabilities for gratuity and leave encashment are recognized on an **actual payment basis** rather than actuarial valuation. --- ### **Risk Management Framework & Credit Quality** Asia Capital employs an integrated risk management framework to balance aggressive growth with portfolio stability. #### **Credit Risk Assessment** The company classifies **100% of its advances as Stage 1**, indicating low credit risk. * **Probability of Default (PD):** Assessed at **0.25%** for Exposure at Default (EAD). * **Loss Given Default (LGD):** Estimated at **Nil**, supported by the valuation of **prime/collateral security** and high expected recovery rates. * **Exposure at Default (EAD):** Calculated as the sum of **amortized principal and accrued interest**. #### **Risk Categories** * **Liquidity Risk:** Managed through active funding management to prevent cash flow timing mismatches. * **Interest Rate Risk:** Monitored to mitigate the impact of market fluctuations on the fair value of financial instruments. * **Operational Risk:** Mitigated through a formal **Vigil Mechanism** (under Section 177(9) of the Companies Act) and an internal audit system. --- ### **Leadership & Governance Structure** The company is led by a board of seasoned professionals with deep expertise in investment banking and infrastructure. * **Executive Leadership:** **Mr. Santosh Suresh Choudhary (Managing Director)** has been re-appointed until **November 2030**. He brings over **20 years** of experience in investment banking and business advisory. * **Board Oversight:** The board includes **Non-rotational Independent Directors** who chair the **Audit**, **Nomination and Remuneration**, and **Stakeholders Relationship** committees. * **Recent Appointments:** **Mr. Devendrasingh Ramola** and **Mrs. Sangeeta Sudhir Kumar Trivedi** joined as Additional Directors in **August 2025**. * **Compliance Status:** **100%** of the equity paid-up capital is **dematerialized**. The company’s working capital limits do not exceed **₹5 Crores**, maintaining its status as a Non-Systemically Important NBFC.