
About Helpage Finlease Limited
Data last updated:
Helpage Finlease Limited is a public limited company based in Delhi, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 04 October 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L51909DL1982PLC014434. Its GSTIN is 07AABCH1021L1ZY (Delhi). It is a listed company as per MCA records. Its shares are listed on BSE: 539174.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹9.95 Cr. It was formerly known as Helpage Trades and Services Limited. It is led by directors including Sidharth Goyal (Managing Director) and Ananyaa Pandey.
Its last annual general meeting (AGM) was held on 04 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at S – 191/C 3rd Floor Manak Complex School Block Shakarpur, Delhi, India – 110092.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹12.89 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net profit of ₹2.93 Cr (net margin 22.7%) and EBITDA of ₹11.65 Cr (EBITDA margin 90.4%). The net worth stands at ₹18.97 Cr (up 15.5% YoY). Total assets are valued at ₹121.01 Cr (up 102.7% YoY).
The company is associated with 1 brand: Helpage Finlease. As per MCA filings, the company has satisfied charges of ₹45 Lakh on record. Court records list 23 cases involving the company, including 22 filed by the company and 1 filed against it; 15 cases are pending. The company has 1 deal on record (1 market trade); the latest was in February 2025. Its 7 peer companies in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 5 smaller; the largest is K D Jag Holdings Pvt Ltd with revenue of ₹8.67 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website helpagefinlease.com.
Company details
CIN history
Helpage Finlease has one previous CIN (Corporate Identification Number): U51909DL1982PLC014434. The current CIN is L51909DL1982PLC014434, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51909DL1982PLC014434 | Current |
| U51909DL1982PLC014434 | Previous |
Contact details
Helpage Finlease Limited's registered office is in Delhi, Delhi. Its website is helpagefinlease.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS – 191/C 3rd Floor Manak Complex School Block Shakarpur, Delhi, India – 110092
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Helpage Finlease Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Helpage Finlease operates one associated brand: Helpage Finlease. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified loans for SMEs are provided by Helpage Finlease. | helpagefinlease.com |
Business activity
The main business activity of Helpage Finlease is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Helpage Finlease Limited, buy the company report.
Financials of Helpage Finlease Limited
FY 2025-26 filings availableHelpage Finlease Limited reported revenue of ₹12.89 Cr (up 49% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 12.89 | 8.65 | 4.55 | 2.80 | 2.86 | 2.94 | 2.75 |
| Revenue growth | +49.0% | +90.1% | +62.5% | -2.1% | -2.7% | +6.9% | - |
| EBITDA | 11.65 | 8.09 | 3.53 | 2.26 | 2.37 | 2.47 | 2.34 |
| EBITDA margin | +90.4% | +93.5% | +77.6% | +80.7% | +82.9% | +84.0% | +85.1% |
| Profit before tax | 3.98 | 2.08 | 1.21 | 0.81 | 0.90 | 0.59 | 0.66 |
| Net profit | 2.93 | 1.48 | 0.89 | 0.61 | 0.65 | 0.46 | 0.49 |
| Net profit margin | +22.7% | +17.1% | +19.6% | +21.8% | +22.7% | +15.7% | +17.8% |
| EPS (₹) | 2.96 | 1.48 | 0.88 | 0.61 | 0.65 | 0.47 | 0.49 |
| Balance sheet | |||||||
| Total assets | 121 | 59.70 | 49.58 | 41.19 | 42.27 | 41.30 | 36.36 |
| Net worth | 18.97 | 16.43 | 15.33 | 14.47 | 13.85 | 13.21 | 12.91 |
| Total debt | 102 | 43.27 | 34.26 | 26.72 | 28.42 | 28.09 | 23.45 |
| Cash & bank | 2.14 | 5.69 | 0.77 | 0.99 | 0.08 | 0.48 | 0.84 |
| Net working capital | 1.07 | (33.78) | (3.08) | 6.49 | 3.86 | 2.42 | 2.01 |
| Cash flow | |||||||
| Cash from operations | 9.44 | 15.01 | 2.59 | 0.33 | 0.28 | 1.57 | 1.71 |
| Cash from investing | (26.57) | (41.00) | (18.10) | 3.61 | (1.00) | (4.64) | (0.29) |
| Cash from financing | 13.57 | 30.92 | 15.29 | (3.04) | 0.31 | 2.71 | (1.92) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.33 | 2.87 | 3.44 | 3.47 | 3.10 | 3.07 | 2.44 | 1.74 |
| Revenue growth (YoY) | +7.4% | -6.5% | +41.0% | +99.4% | +123.0% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.23 | 0.25 | 0.56 | 0.18 | 0.25 | 0.16 | 0.12 | 0.18 |
| EBITDA | 3.10 | 2.62 | 2.88 | 3.29 | 2.85 | 2.91 | 2.32 | 1.56 |
| EBITDA margin | +93.1% | +91.3% | +83.7% | +94.8% | +91.9% | +94.8% | +95.1% | +89.7% |
| Depreciation | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 |
| Interest | 1.89 | 2.03 | 1.65 | 2.05 | 1.75 | 1.93 | 1.81 | 1.18 |
| Profit before tax | 1.16 | 0.54 | 1.18 | 1.19 | 1.05 | 0.94 | 0.47 | 0.34 |
| Tax | 0.32 | 0.15 | 0.31 | 0.31 | 0.27 | 0.31 | 0.12 | 0.09 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.33 | 2.87 | 3.44 | 3.47 | 3.10 | 3.07 | 2.44 | 1.74 |
| Revenue growth (YoY) | +7.4% | -6.5% | +41.0% | +99.4% | +123.0% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.23 | 0.25 | 0.56 | 0.18 | 0.25 | 0.16 | 0.12 | 0.18 |
| EBITDA | 3.10 | 2.62 | 2.88 | 3.29 | 2.85 | 2.91 | 2.32 | 1.56 |
| EBITDA margin | +93.1% | +91.3% | +83.7% | +94.8% | +91.9% | +94.8% | +95.1% | +89.7% |
| Depreciation | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 |
| Interest | 1.89 | 2.03 | 1.65 | 2.05 | 1.75 | 1.93 | 1.81 | 1.18 |
| Profit before tax | 1.16 | 0.54 | 1.18 | 1.19 | 1.05 | 0.94 | 0.47 | 0.34 |
| Tax | 0.32 | 0.15 | 0.31 | 0.31 | 0.27 | 0.31 | 0.12 | 0.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 12.89 | 8.65 | 4.55 | 2.80 | 2.86 | 2.94 | 2.75 |
| Revenue growth | +49.0% | +90.1% | +62.5% | -2.1% | -2.7% | +6.9% | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Total expenses | 1.24 | 0.56 | 1.02 | 0.54 | 0.49 | 0.47 | 0.41 |
| Employee cost | 0.62 | 0.34 | 0.30 | 0.26 | 0.16 | 0.15 | 0.16 |
| EBITDA | 11.65 | 8.09 | 3.53 | 2.26 | 2.37 | 2.47 | 2.34 |
| EBITDA margin | +90.4% | +93.5% | +77.6% | +80.7% | +82.9% | +84.0% | +85.1% |
| Depreciation | 0.19 | 0.15 | 0.11 | 0.11 | 0.10 | 0.09 | 0.08 |
| Interest | 7.48 | 5.86 | 2.21 | 1.34 | 1.37 | 1.79 | 1.61 |
| Profit before tax | 3.98 | 2.08 | 1.21 | 0.81 | 0.90 | 0.59 | 0.66 |
| Tax | 1.05 | 0.60 | 0.32 | 0.20 | 0.25 | 0.13 | 0.17 |
| Net profit | 2.93 | 1.48 | 0.89 | 0.61 | 0.65 | 0.46 | 0.49 |
| Net profit margin | +22.7% | +17.1% | +19.6% | +21.8% | +22.7% | +15.7% | +17.8% |
| EPS (₹) | 2.96 | 1.48 | 0.88 | 0.61 | 0.65 | 0.47 | 0.49 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 9.95 | 9.95 | 9.95 | 9.95 | 9.95 | 9.95 | 9.95 |
| Reserves & surplus | 9.02 | 6.48 | 5.38 | 4.52 | 3.90 | 3.26 | 2.96 |
| Shareholders' funds (net worth) | 18.97 | 16.43 | 15.33 | 14.47 | 13.85 | 13.21 | 12.91 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 102 | 43.27 | 34.26 | 26.72 | 28.42 | 28.09 | 23.45 |
| Total debt | 102 | 43.27 | 34.26 | 26.72 | 28.42 | 28.09 | 23.45 |
| Total liabilities | 121 | 59.70 | 49.58 | 41.19 | 42.27 | 41.30 | 36.36 |
| Assets | |||||||
| Gross block | 1.58 | 1.63 | 0.96 | 0.96 | 0.96 | 0.82 | 0.74 |
| Net block | 0.65 | 0.86 | 0.34 | 0.45 | 0.56 | 0.53 | 0.53 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 3.53 | 3.21 | 7.83 | 7.46 | 6.56 | 5.98 | 4.09 |
| Cash & bank balances | 2.14 | 5.69 | 0.77 | 0.99 | 0.08 | 0.48 | 0.84 |
| Loans & advances | 0.14 | 0.59 | 0.29 | 0.29 | 0.33 | 0.26 | 0.27 |
| Total current assets | 5.81 | 9.49 | 8.89 | 8.74 | 6.97 | 6.72 | 5.20 |
| Total current liabilities | 4.74 | 43.27 | 11.97 | 2.25 | 3.11 | 4.30 | 3.19 |
| Net working capital | 1.07 | (33.78) | (3.08) | 6.49 | 3.86 | 2.42 | 2.01 |
| Total assets | 121 | 59.70 | 49.58 | 41.19 | 42.27 | 41.30 | 36.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 5.69 | 0.77 | 0.99 | 0.08 | 0.48 | 0.84 | 1.33 |
| Net cash from operating activities | 9.44 | 15.01 | 2.59 | 0.33 | 0.28 | 1.57 | 1.71 |
| Net cash from investing activities | (26.57) | (41.00) | (18.10) | 3.61 | (1.00) | (4.64) | (0.29) |
| Net cash from financing activities | 13.57 | 30.92 | 15.29 | (3.04) | 0.31 | 2.71 | (1.92) |
| Net change in cash | (3.55) | 4.93 | (0.22) | 0.91 | (0.40) | (0.36) | (0.49) |
| Closing cash | 2.14 | 5.69 | 0.77 | 0.99 | 0.08 | 0.48 | 0.84 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +49.0% | +90.1% | +62.5% | -2.1% | -2.7% | +6.9% | - |
| EBITDA growth | +44.0% | +129.2% | +56.2% | -4.6% | -4.1% | +5.6% | - |
| PBT growth | +91.4% | +71.9% | +49.4% | -10.0% | +52.5% | -10.6% | +40.4% |
| Net income growth | +98.0% | +66.3% | +45.9% | -6.2% | +41.3% | -6.1% | - |
| Revenue CAGR (3Y) | +66.4% | +44.6% | +15.7% | +0.6% | +9.0% | +52.4% | +119.5% |
| EBITDA CAGR (3Y) | +72.8% | +50.6% | +12.6% | -1.2% | +6.2% | +68.1% | +260.4% |
| Profitability & leverage | |||||||
| Net income margin | +22.7% | +17.1% | +19.6% | +21.8% | +22.7% | +15.7% | +17.8% |
| Return on capital employed | +12.7% | +14.5% | +7.5% | +5.2% | +5.4% | +6.2% | +6.2% |
| Return on net worth | +16.6% | +9.3% | +5.8% | +4.3% | +4.7% | +3.6% | +3.8% |
| Debt / equity | 4.10 | 2.44 | 2.05 | 1.95 | 2.09 | 1.97 | 1.86 |
| Long-term debt / equity | 4.10 | 2.44 | 2.05 | 1.95 | 2.09 | 1.97 | 1.85 |
| Interest cover | 65.27 | 73.80 | 64.62 | 62.33 | 60.35 | 75.21 | 71.24 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 8.03 | 6.68 | 4.74 | 2.92 | 3.21 | 3.77 | 3.78 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 3.82 | 1.57 | 0.60 | 0.40 | 0.46 | 0.58 | 1.35 |
| EPS (₹) | 2.96 | 1.48 | 0.88 | 0.61 | 0.65 | 0.47 | 0.49 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 19.07 | 16.51 | 15.41 | 14.55 | 13.92 | 13.27 | 12.98 |
To see the full year-wise statements and ratios of Helpage Finlease Limited, buy the company report.
Board of directors of Helpage Finlease Limited
Helpage Finlease has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ananyaa Pandey | Director | 02 Sep 2014 | 12 Years 1 Months | Current |
| Sidharth Goyal | Managing Director | 23 Dec 2009 | 16 Years 10 Months | Current |
| Ashwin Dorairajan Also directs: Om Shakti Legal Services LLP | Director | 29 Sep 2021 | 5 Years 1 Months | Current |
| Gulshan Kumar | Director | 12 Feb 2026 | 0 Years 8 Months | Current |
Peer comparison
Helpage Finlease Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Helpage Finlease Limitedthis company | ₹12.89 Cr (FY 2026) | ₹2.93 Cr | 22.7% | 49.0% | Delhi, India | |
| K D Jag Holdings Pvt Ltd | ₹8.67 Cr (FY 2025) | -13.0% | Kolkata, West Bengal, India | |||
| Frazer Goods & Supply Pvt Ltd | ₹8.67 Cr (FY 2025) | 23.0% | Kolkata, West Bengal, India | |||
| Real Capital Financial Services Private Limited | ₹8.63 Cr (FY 2025) | 1201.0% | Raipur, Chhattisgarh, India | |||
| BFL Asset Finvest Limited | ₹8.62 Cr (FY 2019) | 263.0% | Jaipur, Rajasthan, India | |||
| VSS Metals Private Limited | ₹8.61 Cr (FY 2025) | -44.0% | Kolkata, West Bengal, India | |||
| Bihariji Ispat Udyog Limited | ₹8.61 Cr (FY 2019) | 419.0% | New Delhi, Delhi, India | |||
| Maryada Barter Pvt Ltd | ₹8.61 Cr (FY 2025) | -73.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Helpage Finlease Limited, buy the company report.
Auditor
Helpage Finlease Limited is audited by K A S G & CO. for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K A S G & CO. | FY 2019 | 002228C |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 37.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 62.20%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 37.80% | 37.80% | 37.60% | 37.60% |
| Public | 62.20% | 62.20% | 62.40% | 62.40% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2018 | 100204785 | Hdfc Bank Limited | ₹45 Lakh | Satisfied |
To see the full charge records of Helpage Finlease Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Helpage Finlease Limited has 1 deal on record (1 market trade); the latest was in February 2025.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2025 | Market trade | ₹12.4 Lakh | Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Helpage Finlease Limited has 23 court cases on record: 22 filed by Helpage Finlease, 1 filed against it. 15 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 1 | 15 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, East, Delhi | Cheque dishonour complaint | Filed by the company against GMDM Global Energy Pvt Ltd | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed by the company against Ms Callac Poly Exim Pvt Ltd and Others | Pending |
| NCLT, Hyderabad | Insolvency matter | Filed by the company against CTV Networks Private Limited | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed by the company against an individual | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of Helpage Finlease Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Helpage Finlease Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Helpage Finlease has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCH1021L1ZY | Delhi | Active | 02 Feb 2023 |
To see the full GST registrations and return filing status of Helpage Finlease Limited, buy the company report.
Recent activity
Helpage Finlease Limited has 21 board changes on record since 1994: 13 appointments and 8 cessations. The latest: Gulshan Kumar was appointed as Director on 12 Feb 2026.
14 earlier events are in the company report.
Frequently asked questions
Helpage Finlease is an active public limited company based in Delhi, India. The company works in nbfc, within the financial services industry. It was incorporated on 04 October 1982 (44+ years old) and is registered under CIN L51909DL1982PLC014434. Listed on BSE: 539174.
Helpage Finlease reported revenue of ₹12.89 Cr for FY 2025-26 (up 49% YoY) based on standalone financials.
Helpage Finlease has 4 current directors:
- Sidharth Goyal - Managing Director
- Ananyaa Pandey - Director
- Ashwin Dorairajan - Director
- Gulshan Kumar - Director
The latest financial statements of Helpage Finlease on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 04 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Helpage Finlease is 07AABCH1021L1ZY, registered in Delhi.
The CIN (Corporate Identification Number) of Helpage Finlease is L51909DL1982PLC014434. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Helpage Finlease is a listed company as per MCA records. Its shares are listed on BSE (code: 539174).
Helpage Finlease has 23 court cases on record: 22 filed by the company and 1 filed against it. 15 are pending. Most are in the district courts.
Helpage Finlease was incorporated on 04 October 1982, making it 44+ years old. It is registered with the Registrar of Companies, Delhi.
Helpage Finlease has 1 deal on record (1 market trade); the latest was in February 2025.
The peers of Helpage Finlease by revenue are K D Jag Holdings Pvt Ltd, Frazer Goods & Supply Pvt Ltd, Real Capital Financial Services Private Limited, BFL Asset Finvest Limited, VSS Metals Private Limited and 2 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).

