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KANAKADURGA FINANCE LIMITED

Kanakadurga Finance Limited

ISIN: INE104W07229
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Key Highlights

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Yield

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Rating

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Min. Invest

12.75%

BBB

~₹ 99.07K

Interest

Principal

Maturity date

Seniority

Monthly

At Maturity

28/11/2027

Senior

Security Cover

1.1X

About the Company

Kanakadurga Finance Limited is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) as an asset financing company. Incorporated in 1994 as a private limited company to take over the vehicle financing business of proprietary concerns floated by its promoters, it was converted to a public limited company (closely held) in 1996, with its name changed to the current nomenclature in May 2015. The company is primarily engaged in vehicle financing (including commercial vehicles, cars, two-wheelers, and three-wheelers) and gold loans, with a diversified product portfolio. It has demonstrated consistent growth in assets under management (AUM), supported by an experienced management team and adequate management information systems (MIS).

Key Management Personnel

Sandireddy Lakshmi Narayana

Sandireddy Lakshmi Narayana

Promoter and Chairman

Financials

Yearly

*All values are in cr

Company Updates

Kanakadurga Finance in talks with private funds to raise equity capital of Rs. 100-125-Crore, appoints Intellecap for its Series B round

76 weeks ago

South India-based non-banking financial company (NBFC) Kanakadurga Finance Ltd is in talks with private equity funds to raise a Series B equity fund of Rs. 100-Rs. 125 crore. It has appointed Intellecap, an advisory and consulting arm of Aavishkaar Group, for the same. Kanakadurga focuses on the used commercial vehicle financing across semi-urban and rural geographies. Started in Vijayawada, the company has now expanded across 6 states and one Union Territory, with 154 branches and expected to close the year with Rs 800+ crore AUM.

Other disclosures

Kanakadurga Finance Limited
Yield 12.75%

Units

Inv. Amount

Exp. Returns

Payout Schedule

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