CREST VENTURES LIMITED

Operates as an RBI-registered non-banking financial company (NBFC) with two main verticals: Financial Services and Real Estate. The Financial Services vertical spans three reported segments — Investing & Credit Activities (46.6% of segment revenue, Rs 74.13 crore), Financial & Related Services (20.4%, Rs 32.53 crore), and the broking activity visible in earlier quarters — generating returns from an investment portfolio of Rs 285.35 crore (split across unlisted shares of Rs 128.39 crore and liquid mutual funds of Rs 86.82 crore) and a sharply reduced inter-corporate deposit/loan book of Rs 115.81 crore (down from Rs 408.18 crore a year earlier). The Real Estate vertical (33.0% of segment revenue, Rs 52.53 crore) develops residential and redevelopment projects through subsidiaries such as Sutlej Housing, with project inventories of Rs 824.68 crore and real estate investments at cost of Rs 998.30 crore. Named projects include Crest Saidale (Gross Development Value Rs 1,300 crore), Crest Golfshire (Rs 1,850 crore) and Crest Legacy (Rs 2,200 crore), alongside a Dadar East cluster redevelopment with an estimated cluster GDV of Rs 2,200 crore signed via subsidiary Sutlej Housing. The cost base is dominated by employee expenses (20.1% of revenue) and other operating expenses (24.4%), with negligible raw material costs typical of a financial and project-development business. The Board has filed a scheme of arrangement with NCLT to demerge the NBFC business into a new listed entity called Crest Capital and Investment Limited.