- **Softrak Venture Investment Ltd is a publicly traded company that has transformed from a tiny software-services shop into a single-engine investment vehicle - it now makes its money by lending to and investing in other companies, run by a lone managing director and a board overseeing what is effectively a one-person operation. The company was founded in Gujarat in 1993, spent its early years describing itself as an IT business while carrying a large, unexplained trade receivable on its books, and by FY25 had crystallised into a pure investment outfit that seeks shareholder approval to deploy up to Rs. 250 crore into loans, guarantees and securities. The recurring approach is a lean, low-asset model: no factories, no inventory, no subsidiaries - just a listed shell through which capital is directed at other bodies corporate, with all activity confined to India.** # Business segments A single engine - an investment and lending operation that deploys capital into other companies, earns interest and income, and carries a legacy receivable from an earlier life. ## 1. Investment and lending: a listed vehicle for deploying capital **The company earns by giving loans and making investments in other bodies corporate, operating with almost no physical assets and a single employee.** - **Interest and investment income** - the company generates its revenue from interest on loans advanced to other parties and from returns on investments in bodies corporate, with total income for FY25 reaching Rs. 312.87 lakhs. - **Loans scaled up fast** - in FY23 the closing loan balance was just Rs. 42.10 lakhs; by FY24 the company had lent Rs. 714.96 lakhs during the year and carried a closing balance of Rs. 757.06 lakhs, all repayable on demand with no fixed schedule. - **A Rs. 250-crore mandate** - the company routinely seeks shareholder approval under Section 186 of the Companies Act to give loans, make investments, and provide guarantees and securities up to an aggregate limit of Rs. 250 crore, which is more than 60% of its paid-up capital and free reserves. - **No RBI licence needed** - it is not registered as an NBFC under the RBI Act, has never taken public deposits, and is not classified as a Core Investment Company, so it operates outside banking regulation. - **A legacy receivable sits on the books** - the balance sheet carries a trade receivable of roughly Rs. 42.7 crore that has been outstanding for over six months since at least FY20, with no provision made for credit loss because the company believes none is required. # Group structure and partners **The company has no subsidiaries, no joint ventures, no associates, and since March 2023, no promoters - it is a 100% publicly held entity with zero promoter shareholding.** - **A single legal entity** - all business is conducted through Softrak Venture Investment Ltd itself, operating only in India, with no requirement to prepare consolidated financial statements. - **Promoters exited completely** - the four original promoters, who together held just 0.45% of the equity, applied for reclassification to the public category in November 2022, stating they had no role in management or day-to-day affairs; BSE approved the move in March 2023, reducing promoter holding to zero. - **A one-man leadership** - Mr. Raghvendra Kulkarni, appointed Managing Director in November 2020 at age 32 with a B.Com and a background in administration and HR, runs the company and holds no shares in it. - **Shares listed but under a cloud** - the equity trades on BSE under scrip code 531529, though the securities were under suspension on the exchange as of the FY22 audit period, with the company acknowledging non-compliance with listing regulations.