About The Issuer
Incorporated in 2006, Delhi-based Indiabulls Commercial Credit Limited (ICCL) is a non-deposit-taking NBFC. It is a 100% subsidiary of Indiabulls Housing Finance Limited (IHFL), which itself rules as one of the largest housing finance companies in India.
The company is also a notified financial institution under the SARFAESI Act.
The company's primary focus is on long-term secured mortgage-backed loans. The offerings of the company can be categorized as:
Retail mortgage loans to self-employed individuals, proprietorships, and small businesses
Corporate mortgage loans to developers of residential projects
The customers of the company include salaried and self-employed individuals and small and medium businesses.
As per the financial data 31/03/22, the company has a Total Assets of Rs. 13144 Crore, Total Borrowings of Rs. 8079 , Total Revenue of Rs. 1842 Crore and Total Profit after Tax of Rs. 508 Crore.