**Integra Capital Limited** (formerly known as Integra Capital Management Limited) is a **Reserve Bank of India (RBI)** registered **Non-Banking Financial Company (NBFC-ND)** (Registration No. **B-14.00677**). Categorized as a **B group NBFC** (Non-Public Deposit Accepting), the company is listed on the **BSE Limited** (**ISIN: INE366H01012**) and operates as a registered entity with the **Association of Mutual Funds of India (AMFI)**. The company is currently in a phase of strategic transition, moving from a restricted operational framework toward a diversified investment and capital-oriented structure. --- ### **Core Business Operations & Revenue Streams** The company operates through a **single reportable segment: 'Investments'**. Its business model is built around three primary pillars: * **Wealth and Asset Management:** Providing comprehensive, one-stop investment solutions and advisory services to clients. * **Proprietary Investments:** Active management of a corporate portfolio consisting of **shares, stocks, mutual funds, and fixed deposits**. * **Consultancy & Advisory:** Offering professional financial consultancy services to leverage market expertise. While the company maintains a focus on these areas, it does not currently engage in hire purchase or leasing businesses. --- ### **Strategic Realignment & Corporate Restructuring** In **2023**, the company initiated a significant rebranding and restructuring exercise to align its corporate identity with its long-term growth objectives. * **Corporate Rebranding:** The name change from "Integra Capital Management Limited" to **Integra Capital Limited** was approved by the **RBI** to reflect the "true nature of business" as the company shifts toward broader capital activities. * **Object Clause Expansion:** The company is amending its **Memorandum of Association (MoA)** to encompass a wider range of activities, enabling entry into new, high-margin projects. * **Leadership Continuity:** **Mr. Tarun Vohra** was re-appointed as Managing Director for a **5-year term** effective **August 25, 2023**. * **Management Incentivization:** To retain key leadership during this diversification phase, the Board approved a substantial increase in managerial remuneration: | Effective Date | Position | Fixed Salary (Monthly) | Status | | :--- | :--- | :--- | :--- | | **August 2023** | Managing Director | **Rs. 1,00,000/-** | Superseded | | **August 2025** | Managing Director | **Rs. 2,50,000/-** | **Current** | --- ### **Financial Performance Summary** The company has recently experienced a contraction in its financial scale, characterized by a sharp decline in revenue and profitability for the fiscal year ended March 31, 2025. | Particulars (INR in Lakhs) | FY 2024-25 | FY 2023-24 | | :--- | :--- | :--- | | **Total Revenue** | **28.67** | **125.36** | | **Total Expenses** | **25.55** | **28.00** | | **Profit Before Tax (PBT)** | **33.98** | **97.40** | | **Profit After Tax (PAT)** | **23.43** | **95.89** | | **Earnings Per Share (Basic/Diluted)** | **0.50** | **2.04** | **Key Financial Observations:** * **Revenue Contraction:** Total revenue decreased by approximately **77%** year-on-year. * **Profitability Margin:** Net profit (PAT) witnessed a substantial drop of **75.5%**. * **Taxation Impact:** Tax expenses rose to **INR 10.55 Lakhs** in FY 2024-25, up from **INR 1.51 Lakhs** the previous year, despite lower overall profits. * **Dividend Policy:** The company has prioritized **resource conservation** over dividend distribution to strengthen the balance sheet for future diversification. --- ### **Capital Structure & Shareholding** As of **March 31, 2024**, the company maintains a stable capital base with no recent changes to its authorized or paid-up capital. | Metric | Value | | :--- | :--- | | **Authorized Share Capital** | **INR 15,00,00,000** (1.50 Cr shares of **Rs 10** each) | | **Paid-up Equity Capital** | **INR 4,70,28,000** (47,02,800 shares of **Rs 10** each) | | **Promoter Holding (Tarun Vohra)** | **30.65%** | --- ### **Risk Management & Governance Framework** The company employs a **"three lines of defence"** approach to risk, overseen by the **Board of Directors** and a dedicated **Risk Management Committee (RMC)**. #### **Primary Risk Exposures** * **Credit Risk:** Potential losses from counterparty defaults, primarily linked to **Trade Receivables** and **Loans**. The company uses the **Simplified Method of Expected Credit Loss (ECL)** for receivables. * **Market Risk:** Exposure to fluctuations in **Interest Rates**, **Equity Prices**, and **Credit Spreads**. * **Liquidity Risk:** Ensuring the availability of funds to meet financial commitments. * **Operational & Regulatory Risk:** Challenges from increasingly **stringent RBI regulations** and the complexity of modern financial products. #### **Internal Controls & Compliance** * **Accounting Standards:** Compliant with **Ind AS** since **April 01, 2017**. * **Audit Oversight:** **M/s Amit Saxena & Associates** have been appointed as **Secretarial Auditors** for **FY 2025-26**. * **Systems:** Implementation of comprehensive **Internal Financial Control (IFC)** systems and compliance management tools. --- ### **Future Outlook & Growth Drivers** Integra Capital is positioning itself to capitalize on the recovering securities market and the increasing client demand for standardized, high-quality financial services. * **Diversification Strategy:** The company is actively evaluating new business segments that offer higher profitability than current core operations. * **Operational Flexibility:** The expansion of the **MoA** and the corporate name change provide the legal and brand flexibility required to pivot into new financial sectors. * **Human Capital:** A key focus remains on the **attraction and retention of talent**, which the company identifies as both a challenge and a critical driver for its new strategic direction.