**BSE Scrip Code: 540168 | RBI Registration: B-14.00428** Supra Pacific Financial Services Limited is a **BSE-listed**, Non-Systemically Important Non-Deposit taking NBFC (**NBFC-ND**) headquartered in **Kerala** with a growing corporate presence in **Mumbai**. Originally incorporated in **1986**, the company underwent a strategic rebranding in **2023** to pivot from management consultancy to a specialized retail lending and financial services hub. The company focuses on **financial inclusion**, targeting underserved communities, small entrepreneurs, and households through a diversified portfolio of secured and unsecured credit products. --- ### Strategic Growth Roadmap & Financial Targets The company is currently executing an aggressive expansion strategy aimed at quadrupling its Assets Under Management (AUM) and significantly widening its geographical footprint by **FY 2026-27**. | Metric | FY 2024-25 (Actual/Est.) | FY 2025-26 (Target) | FY 2026-27 (Target) | | :--- | :--- | :--- | :--- | | **Assets Under Management (AUM)** | **₹255 Crore** | **₹500 Crore** | **₹1,000 Crore** | | **Branch Network** | **72 Branches** | **110+ Branches** | **185 Branches** | | **Net Worth** | **₹64 Crore** | **₹103.57 Crore** | **₹152 Crore** | **Key Strategic Initiatives:** * **Geographical Diversification:** Expanding from its core base in **Kerala, Maharashtra, and Karnataka** into **Tamil Nadu, Andhra Pradesh, Telangana, and Goa**. * **Corporate Consolidation:** Effective **April 15, 2026**, the company will consolidate its Registered and Corporate offices at **Kanakia Wallstreet, Andheri (East), Mumbai**, to support national scaling. * **Multi-Service Transition:** Leveraging its **IRDA Corporate License (2025)** to evolve from a pure lender into a financial gateway offering insurance, money transfer, and investment products. --- ### Loan Portfolio Composition & Performance As of **March 31, 2026**, the company’s loan principal outstanding reached **₹335.63 crore**, driven by a high-velocity disbursement engine that processed **₹1,057.62 crore** in FY 2025-26. #### Portfolio Breakdown (as of March 2026) | Loan Segment | Principal Outstanding (₹ Cr) | Core Focus | | :--- | :--- | :--- | | **Gold Loan** | **211.69** | Primary driver (**~63% of AUM**); includes upcoming **doorstep services**. | | **Microfinance** | **62.04** | Targeted at women via **Joint Liability Groups (JLGs)**. | | **Vehicle Loan** | **54.93** | Financing for two-wheelers and used cars. | | **Other Loans** | **6.98** | Includes Business/Traders loans and Personal loans. | | **Total Portfolio** | **335.63** | | **Asset Quality Metrics:** * **Gross NPA:** **0.77%** (FY 2024-25); **1.51%** (Nov 2025); **₹3.64 Cr** (March 2026). * **Net NPA:** **0.47%** (FY 2024-25); **0.91%** (Nov 2025). * **Capital Adequacy (CRAR):** Maintains a robust **32.31%** (as of FY 2024-25), significantly exceeding the RBI regulatory minimum of **15%**. --- ### Capital Structure & Funding Strategy To support its **₹1,000 Crore AUM target**, the company has implemented a multi-tiered capital raising and debt optimization plan. **Equity & Net Worth Enhancement:** * **Rights Issue (March 2026):** Approved issuance of **21,739,130 shares** at **₹23 per share** to raise **₹50 Crore**. * **Preferential Allotments:** Approved issues exceeding **₹70 crore** in 2025 to reinforce the capital base, though a specific **₹70 crore** non-cash proposal was withdrawn in late 2025 to align with regulatory preferences. * **Net Worth Target:** Aiming for **₹152 crore** by FY 2027. **Debt Profile (Total Borrowings: ₹325.92 Cr as of March 2026):** * **Non-Convertible Debentures (NCDs):** **₹136.37 crore** (Authorized up to **₹500 crore**). * **Subordinated Debt (Tier II):** **₹128.06 crore** (Authorized up to **₹500 crore**). * **Bank Facilities:** Secured credit lines from **State Bank of India, South Indian Bank, and Federal Bank**. * **Borrowing Limits:** Shareholders have authorized a total borrowing cap of **₹1,000 Crore**. --- ### Diversified Financial Services & Digital Integration Supra Pacific is diversifying its revenue streams through fee-based services and digital modernization. * **Insurance Distribution:** Authorized to market **Life, Health, and General Insurance** via strategic partnerships. * **Remittance & Forex:** Facilitates inward remittances through **Western Union**; currently seeking RBI approval to operate as a **Full-Fledged Money Changer (FFMC)** and **Authorised Dealer (Category II)**. * **Digital Transformation:** * Implementation of **e-NACH** and **BBPS (Bharat Bill Payment System)** for automated collections. * Investment in **data analytics** and **ECL (Expected Credit Loss)** modeling for risk mitigation. * Hosting business-critical software on **parallel architecture** with dual physically separated backup servers. --- ### Risk Management & Governance Framework The company operates under the RBI’s **Scale-Based Regulatory (SBR) Framework**, necessitating rigorous oversight. | Risk Category | Mitigation Strategy | | :--- | :--- | | **Credit Risk** | Use of **Ind AS 109** criteria, internal rating models, and strict collateral valuation for Gold Loans. | | **Liquidity Risk** | Monitored by the **Asset and Liabilities Management Committee (ALCO)** with a focus on the **1-30 day** maturity bucket. | | **Market Risk** | Managing interest rate sensitivity by balancing fixed-rate lending with a diversified mix of short and long-term debt. | | **Operational Risk** | Quarterly reviews by the **Risk Management Committee** and a comprehensive **Corporate Insurance Program**. | **Regulatory Note:** Investors should note that while the company is expanding rapidly, the broader sector faces high regulatory scrutiny. Historical notes mention a registration cancellation for a related entity (Polytex India Ltd); however, Supra Pacific continues to operate under its active **RBI Registration B-14.00428**. The company also maintains transparency regarding **Related Party Transactions**, recently capping transactions with **Centreal Bazaar India Limited** at **₹25 Crore**.