Sakthi Finance NCD

Issue price
Face Value
Issue Size
₹100 Crores
Minimum Investment
₹100 (10 NCDs)
BBB (Stable) ICRA
Listing on
Issue Opening Date
17 April 2023
Issue Closing Date
28 April 2023
Mode of Issue
Mode of allotment and Trading

About The Issuer

Incorporated in 1955, Sakthi Finance Limited, a part of Sakthi Group of companies based in Coimbatore, South India, is an investment and credit company with a primary focus on financing pre-owned commercial vehicles. The company also provides finance for the acquisition of machinery, cars, jeeps, and multi-utility vehicles for use in building infrastructure. The company has a network of 51 branches, located in Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana, and the Union Territory of Puducherry. The company also generates power from windmills and sells it to Tamil Nadu Electricity Board and Gujarat Urja Vikas Nigam Limited. At present, Sakthi Finance has 17 windmills with an aggregate capacity of 5,150 kW located in the States of Tamil Nadu and Gujarat. As per the financial data 31/03/22, the company has a Total Assets of Rs. 1269 Crore, Total Liabilities and Borrowings of Rs. 1071 Crore, Total Revenue of Rs. 181 Crore and Profit after Tax of Rs. 9.5 Crore.

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