Indian Infotech and Software Ltd is a small-ticket lender that puts money into the hands of shopkeepers, traders and vehicle buyers in India’s smaller towns - places where a bank branch is often a bus ride away. It began in 1982 as a leasing company and, after a name change in 1998 and a court-approved merger of two entities in 2012, settled into its current form as a Reserve Bank of India-registered Non-Banking Financial Company (NBFC) that does not take public deposits. The recurring idea is simple: lend to people and businesses that mainstream banks tend to overlook, using a hub-and-spoke model run from a single office in Mumbai, and supplement the lending income by trading in shares and securities.
Business segments
A single engine - lending to small business owners and individuals, paired with a proprietary share-trading book - that operates as one reported segment.
1. Micro lending and investments: credit for the underbanked, plus a side book of share trades
The company runs a loan book of roughly ₹235 crore aimed at small business owners and vehicle buyers, and simultaneously trades in equities for its own account - both activities feed the same profit-and-loss statement under one segment.
- Loans to the missed-out middle - it provides vehicle finance and business finance to SME and MSME borrowers, including companies, LLPs, traders, manufacturers and self-employed professionals, a customer set that scheduled commercial banks often find too small or too informal to serve.
- Short and long tenures under one roof - it offers short-term financing of 1 to 12 months and long-term loans stretching up to 84 months to both corporate and non-corporate entities, so a borrower can fund a seasonal inventory build or a vehicle purchase from the same lender.
- Secured by homes and shops - loans to small business owners are typically backed by completed, largely self-occupied residential and commercial property, which gives the company a claim on real assets if a borrower defaults.
- A side book of share trades - the company also buys and sells shares and securities of other companies, and it treats the gains as revenue from operations rather than as a passive investment return, which means trading is part of the core business, not a treasury afterthought.
- Tech-driven credit checks - it uses e-KYC for instant onboarding and runs advanced analytics and machine-learning models to build propensity scores for lead generation, so loan officers can make real-time offers without the paperwork pile-up of traditional lenders.
Group structure and partners
The company has no subsidiaries, no holding company and no associates - it is a standalone NBFC with a dispersed shareholder base where individuals own roughly 88% of the stock and the promoter group holds just over 3%.
- A flat, single-entity structure - as of March 2025, the company had no subsidiaries, holding companies or associate companies under the Companies Act, so all operations, assets and liabilities sit on one balance sheet.
- Promoters with a slim stake - promoter entities include Dhanvarsha Advisory Services, Generosity Share Trading, Jayanti Prime Software Advisory and Mahamaya Financial Consultants, but together the promoter and promoter group held only 3.20% of shares as of March 2025, down from about 19% in March 2021.
- Individuals dominate the register - 88.4% of the total shares were held by individuals, with 69.88% of shares held in CDSL, 29.13% in NSDL and 0.99% in physical certificates, making it a widely held retail stock.
- A reconstituted board - Anant Chourasia was appointed Chairman and Managing Director in August 2024, his wife Shilpi Chourasiya became Executive Director and was appointed CFO on August 2, 2024, and Bhairu Ratan Ojha took over as CFO in September 2024, following a series of resignations that reshaped the top leadership.
- Fundraising in flux - the company completed a rights issue of 26.15 crore equity shares at ₹1.60 per share in February 2024, then proposed and later cancelled a preferential warrant issue of up to 40.10 crore warrants in early 2025, and in June 2025 approved a fresh rights issue of up to ₹47 crore.