KIRAN VYAPAR LTD.

Runs as an RBI-registered non-deposit-taking systemically important NBFC. The Financing and Investment segment is the main earner, contributing 69.6% of FY26 segment revenue at a 25.2% segment EBIT margin. A Trading segment contributes 25.9% of segment revenue at a thin 0.6% segment EBIT margin, with the remainder classified as un-allocated. The financing book is funded through borrowings rather than deposits, and borrowings rose from Rs 29,135 lakhs to Rs 49,581 lakhs during FY26, while total assets stood at Rs 2,888.96 crore at year-end. Operating costs are dominated by employee expenses of Rs 7.75 crore (7.3% of revenue) and other operating expenses of Rs 20.58 crore (19.3% of revenue), with depreciation and capex minimal at 0.2% and 0.5% of revenue respectively. The group also holds two material subsidiaries — IOTA Mtech Limited and Shree Krishna Agency Limited — and in February 2026 picked up a 0.681% stake in another NBFC, Greshma Finvest Private Limited, for Rs 2.44 crore to expand financial-services exposure. Earlier in the year, the company's 29.70% associate Placid Limited was merged into promoter-group firm Maharaja Shree Umaid Mills Limited, with the company receiving MSUM shares in exchange.