Helpage Finlease Ltd Company Summary

Helpage Finlease Limited is registered with the Reserve Bank of India as a NBFC. The Company was incorporated on October 04, 1982. Since the asset size of the Company is not more than Rs 100 Crore, it is presently Non Systemically Important Non Deposit taking NBFC.

Indian NBFC have been effective in serving the unbanked customers by spearheading into retail asset-backed lending, lending against securities and micro finance.The Company is engaged into the lending business mainly focused for serving the financial needs of education fee finance & Micro, Small and Medium Enterprises (MSMEs). The Company also obtained registration with four CICs (Credit Information Companies) and maintaining the data as required.The Board of Directors in its meeting held on 15th May, 2015, approved the allotment of 28,80,000 Equity Shares of Rs. 10/- each aggregating Rs.

2,88,00,000/-, to Promoters and Strategic Investors and shall rank pari passu with the existing Equity Shares. Delhi Stock Exchange has granted Listing approval of the said shares on 1st October 2015. The allotment of these shares was made on 15th May 2015 and the same were listed and admitted to dealings on the Delhi Stock Exchange with effect from 1st October 2014.The Company made an application for listing of equity shares at Bombay Stock Exchange in November 2014 as to provide the trading platform to shareholders of the Company.

The Board informed that Bombay Stock Exchange has granted permission w.e.f. 05th June 2015.During the year, G2 consultant Private Limited ceased to be an associate company w.e.f. 28 March 2018 as a result of preferential allotment of shares.The increasing demand for student fee financing, growing credit requirements of Micro, Small and Medium Enterprises (MSMEs), rapid digitalisation of financial services and government initiatives promoting financial inclusion provide growth opportunities for the Company.

These factors have supported business expansion and enhanced the credit penetration across underserved divisions.