Oswal Leasing Limited is a New Delhi-based financial services entity incorporated on **June 30, 1983**. The company operates as a specialized financial vehicle, leveraging its long-standing regulatory standing to participate in the Indian credit and capital markets. As a veteran player in the Non-Banking Financial Company (NBFC) space, it serves as an alternative finance channel, bridging credit gaps for segments underserved by traditional banking institutions. --- ### **Regulatory Framework & Corporate Classification** The company operates under the stringent oversight of the **Reserve Bank of India (RBI)** and maintains a transparent corporate structure as a publicly traded entity. | Attribute | Details | | :--- | :--- | | **Registration Number** | **14.00489** (Issued **March 19, 1998**) | | **NBFC Category** | **Non-Deposit taking**, Non-Banking Financial Company (**NBFC-ND**) | | **Classification** | **Non-Systemically Important** (**NBFCs-ND-NSI**) | | **Legal Status** | Public Limited Company | | **Listing Status** | Listed on **BSE Limited** | | **CIN** | **L65910DL1983PLC016036** | | **Subsidiaries/JVs** | **None** (Standalone operations) | --- ### **Core Business Pillars & Market Positioning** Oswal Leasing Limited centers its business model on two primary revenue-generating activities within the Indian financial ecosystem: * **Strategic Investment Activities:** The company engages in the acquisition and holding of shares and securities. This arm is designed to generate long-term capital appreciation and yield through a diversified portfolio. * **Tailored Financing Services:** The company provides credit facilities and unbundled financial services. By operating with more flexibility than traditional banks, it targets niche requirements in the SME and rural segments. * **Integrated Financial Vision:** The company is currently positioning itself to become a **fully Integrated Financial Company**, capitalizing on the "modularization" of Indian finance driven by digital infrastructure such as **UPI** and **Fintech** (which now boasts over **10,244 active firms**). --- ### **Strategic Growth & Portfolio Realignment** To navigate a competitive lending landscape, the company has adopted a "Safety-First" growth strategy characterized by the following pillars: * **Revised Fund Allocation:** Management has transitioned its lending pattern to prioritize **known Business associates and Group Companies**. This shift is intended to balance capital safety with higher-than-average returns. * **Risk-Averse Diversification:** The company is actively pursuing new investment deals characterized by lower risk profiles to build a more resilient, predictable revenue stream. * **Macroeconomic Alignment:** The strategy is calibrated against India’s robust economic outlook, with projected GDP growth of **6.2% in 2025** and **6.3% in 2026**. * **Sectoral Tailwinds:** The company aims to capture demand in high-growth credit segments, including **Loan Against Property (LAP), Housing, Vehicle, and Personal Loans**. **Sector Projections & Targets:** * **NBFC Sector CAGR:** Projected at **18.5%** (2021–2026). * **Overall Credit Growth Target:** **13% - 15%** for FY25–FY26. * **Anticipated Loan Growth:** Approximately **17% YoY** for the next fiscal year. --- ### **Financial Performance & Capital Structure** The company operates in a single segment: **Investment/Financial Activities**. While revenue from interest has remained stable, the company has faced persistent net losses in recent years. **Three-Year Financial Summary (Audited):** | Particulars (INR) | FY 2024-25 | FY 2023-24 | FY 2022-23 | | :--- | :--- | :--- | :--- | | **Interest Income** | **15,09,327** | **15,28,577** | **14,19,380** | | **Total Income** | **15,09,327** | **15,28,577** | **14,19,380** | | **Loss Before Tax** | **(2,15,528)** | **(3,94,339)** | **(2,37,094)** | | **Net Loss After Tax** | **(2,15,528)** | **(4,20,448)** | **(2,37,094)** | | **Earnings Per Share (EPS)** | **-** | **(0.79)** | **(0.47)** | **Balance Sheet Strength (as of March 31, 2024):** * **Total Assets:** **Rs. 279.99 Lakhs**, dominated by **Financial Assets** (**Rs. 278.27 Lakhs**). * **Loan Book:** The primary asset, valued at **Rs. 185.00 Lakhs**. * **Investment Portfolio:** Valued at **Rs. 75.13 Lakhs**. * **Equity & Reserves:** Paid-up Equity Share Capital stands at **Rs. 50,00,000** (shares of **Rs. 10** face value). The General Reserve is **Rs. 2,35,625**, with a carried forward balance of **Rs. 1,23,99,661**. * **Dividend Policy:** No dividends have been recommended for the recent periods due to accumulated losses. --- ### **Operational Governance & Leadership** The company maintains a lean operational structure with a focus on regulatory compliance and continuity. * **Key Management:** **Mr. Ravi Kumar** serves as the **Manager cum Chief Financial Officer**. He was re-appointed in **May 2025** for a term extending to **May 08, 2027**, ensuring leadership stability. * **Workforce:** The company operates with **2 permanent employees**. The median remuneration in FY 2023-24 was **Rs. 2,88,500** (a **28.39% decrease** YoY). * **Audit & Oversight:** Internal audits are conducted by **M/s. Raj Gupta & Co.**, Chartered Accountants. The **Audit Committee** consists of **three non-executive directors**. * **Cost Records:** As an NBFC, the company is **exempt** from maintaining cost records or undergoing cost audits. --- ### **Risk Management & Mitigation Framework** Oswal Leasing employs a multi-tiered committee structure to manage the inherent risks of the financial sector. **Risk Governance Bodies:** * **Risk Management Committee:** Established **August 9, 2022**, to monitor business-specific threats. * **Financial Risk Committee:** Ensures financial activities align with senior management policies. **Risk Matrix & Mitigation Strategies:** | Risk Type | Mitigation Strategy | | :--- | :--- | | **Credit Risk** | Managed via **collaterals, bank guarantees, and letters of credit**. Receivables are flagged as default if **one year past due**. | | **Liquidity Risk** | Future cash flows are estimated to ensure short-term liabilities are met. Debt maturing within **12 months** is structured to be rollable. | | **Interest Rate Risk** | Currently neutralized as the company reports **no borrowings**; however, floating rate obligations are monitored. | | **Market Risk** | Exposure to price fluctuations in the capital markets is managed through portfolio diversification. | | **Foreign Exchange** | **Zero Risk**; the company has no foreign currency exposure. | | **Counterparty Risk** | Cash equivalents are held only with **highly rated banks** across a diversified geographic footprint. | Despite consecutive losses, the management maintains that there is **no material uncertainty** regarding the company's ability to meet its short-term financial obligations, supported by a low-leverage liability structure of only **Rs. 2.96 Lakhs**.