INDIA FINSEC LTD.

Operates as an unregistered Core Investment Company (CIC) holding company whose consolidated revenue and profit come from its subsidiary IFL Finance Limited, an NBFC-ICC (formerly a housing finance company). On a standalone basis, the holding company itself has minimal operations — standalone revenue declined 87% to Rs 3.50 lakhs in FY26 — with the subsidiary driving nearly all consolidated earnings. IFL Finance provides credit and lending services, generating consolidated total income of Rs 8,460.85 lakhs in FY26 (up ~20% YoY) and PAT of Rs 2,166.58 lakhs (up ~19.5%). In Q1 FY27, consolidated total income rose 56.7% to Rs 2,928.80 lakhs with PAT up 28.5% to Rs 688.47 lakhs. Total consolidated debt nearly doubled to Rs 38,821 lakhs, lifting the debt-equity ratio to 2.14x, while capital adequacy stood at 33.97% and Stage 3 assets at 0.79%. The subsidiary filed a DRHP for an IPO on July 22, 2026. Employee cost is the largest disclosed operating expense at 17.8% of consolidated revenue, followed by other operating expenses at 6.3% and depreciation at 3.7%.