Gilada Finance & Investments L

Operates as a small Bangalore-based non-banking financial company (NBFC) listed on BSE (Scrip Code 538788) that lends money and earns interest income. In FY26, total income stood at ₹743.57 lakhs (up from ₹710.04 lakhs the prior year), while profit after tax was ₹217.42 lakhs, growing 2.1% year-on-year. The lending portfolio includes related party loans of ₹781.87 lakhs, equal to 24.17% of total loans, with Stage 2/3 loan assets of ₹2.37 crore and a disputed income tax liability of ₹20.51 lakhs for AY 2017-18 flagged by the auditor. Funding comes primarily through privately placed non-convertible debentures at coupons of 11.25% and 12.25%, and Q3 FY26 finance costs more than doubled year-on-year to ₹31.63 lakhs from ₹13.59 lakhs, weighing on margins. Employee cost at 19.9% of revenue and other operating expenses at 20.1% of revenue form the bulk of the cost base, with negligible depreciation and capex. The board approved a strategic joint venture with Harley of London India (HOLI) for healthcare, wellness, lifestyle and financial services under the "HOLNESS" ecosystem. The H1 FY26 cash flow statement shows negative operating cash flow of about ₹8 lakh despite a profit before tax of ₹149 lakh.