SHALIBHADRA FINANCE LTD

Operates as an RBI-registered non-banking financial company that lends to retail borrowers in rural and semi-urban India, focused on small-ticket vehicle financing. Revenue from operations for FY26 was ₹41.05 crore, with Net Interest Income — interest earned on the loan book less interest paid on borrowings — at ₹35.90 crore. The lending book is disbursed through 61 owned branches across 4 states and serves over 1.13 lakh customers, with nearly 100% of the book secured. Employee costs account for 11.7% of revenue and other operating expenses for 13.3%, while depreciation is minimal at 0.3% and capex is negligible at 0.0%. The company ended FY26 with total assets of ₹232.23 crore, a net worth of ₹172 crore, and a Capital Adequacy Ratio (CRAR) of 78.28%, and funded itself in part through ₹1,950 lakh of 12% listed debentures issued in April 2026. Asset quality showed mild stress, with Gross NPA at 2.94% and Net NPA at 1.17%.