Indus Finance Limited - financial services in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
CIN L65191TN1992PLC022317 Incorporated 11 March 1992 ROC Chennai HQ Chennai, Tamil Nadu, India
Active Listed - BSE: 531841 Public Limited Company financial services
Data last updated
Market Cap
₹348 Cr
INDUSFINL · BSE
Share Price
₹383.75
+1.99% today
Revenue
₹8.90 Cr
FY 2025-26 · +53.7% YoY
EBITDA
₹5.36 Cr
Margin 60.2%
Net Profit
₹2.40 Cr
FY 2025-26 · +63.3% YoY
P/E (TTM)
112.2x
P/B 14.7x
ROE
10.5%
ROCE 15.0%
Debt / Equity
0.68
Interest cover 54.2x

About Indus Finance Limited

Data last updated:

Indus Finance Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 11 March 1992 and has been in existence for over 34 years.

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L65191TN1992PLC022317. Its GSTIN is 33AAFCS4074A1ZS (Tamil Nadu). It is a listed company as per MCA records. Its shares are listed on BSE: 531841.

The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹9.26 Cr. It was formerly known as Indus Finance Corporation Ltd and Subuthi Finance Private Limited. It is led by directors including Bala Venckat Kutti (Managing Director) and Kanagasabapathy Vasuki Balasubramaniam Kodumudi.

Its last annual general meeting (AGM) was held on 23 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Kothari Buildings 4th Floor 114 Mahatma Gandhi Salai Nungambakkam, Chennai, Tamil Nadu, India – 600034.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹8.9 Cr, a growth of 53.7% compared to the previous year. For the same year it recorded a net profit of ₹2.4 Cr (net margin 27%) and EBITDA of ₹5.36 Cr (EBITDA margin 60.2%). The net worth stands at ₹22.97 Cr (down 0.3% YoY). Total assets are valued at ₹34.04 Cr (down 21.4% YoY).

The company is associated with 1 brand: Indus Finance. As per MCA filings, the company has open charges of ₹5.55 Cr and satisfied charges of ₹30 Cr on record. Court records list 96 cases involving the company, including 56 filed by the company and 40 filed against it; 12 cases are pending. The company has 29 deals on record (29 market trades); the latest was in November 2024. Its 10 peer companies in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 5 larger and 5 smaller; the largest is Madhav Trading Corporation Limited with revenue of ₹2.42 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 indusfinance.in.

Company details

CIN L65191TN1992PLC022317
Registration Number 022317
Incorporation Date 11 March 1992
ROC Chennai
Listing Status Listed - Listed on BSE (531841)
Company Status Active
Date of Last AGM 23 July 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Indus Finance has undergone 5 name changes throughout its history. The current legal name is Indus Finance Limited.

Company NameStatus
Indus Finance LimitedCurrent
Indus Finance Corporation LtdPrevious
Subuthi Finance Private LimitedPrevious
Subuthi Finance LimitedPrevious
Indus Finance Corporation LimitedPrevious
Subuthi Fianance LimitedPrevious

Contact details

Indus Finance Limited's registered office is in Chennai, Tamil Nadu. Its website is indusfinance.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Kothari Buildings 4th Floor 114 Mahatma Gandhi Salai Nungambakkam, Chennai, Tamil Nadu, India – 600034
  • Industry
    Financial Services, Investment & Credit NBFC, NBFC

To see the full contact details of Indus Finance Limited, buy the company report.

Comprehensive company report
Indus Finance Limited - one report that includes everything
  • 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
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Brands

Indus Finance operates one associated brand: Indus Finance. Each brand links to its own profile.

BrandDescriptionWebsite
Provider of diversified consumer loansindusfinance.in

Business activity

The main business activity of Indus Finance is financial and insurance service. In detail, this covers other financial activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK8Other financial activities

To see the full business activity and turnover split of Indus Finance Limited, buy the company report.

Financials of Indus Finance Limited

FY 2025-26 filings available

Indus Finance Limited reported revenue of ₹8.9 Cr (up 53.7% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹8.90 Cr
+53.7% YoY
EBITDA
₹5.36 Cr
+67.5% YoY
Profit After Tax
₹2.40 Cr
+63.3% YoY
Net Worth
₹22.97 Cr
-0.3% YoY
Total Assets
₹34.04 Cr
-21.4% YoY
Total Debt
₹11.07 Cr
-45.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue8.905.793.992.590.933.522.53
Revenue growth+53.7%+45.1%+54.1%+178.5%-73.6%+39.1%-
EBITDA5.363.201.790.88(1.11)1.560.22
EBITDA margin+60.2%+55.3%+44.9%+34.0%-119.4%+44.3%+8.7%
Profit before tax2.431.370.890.45(1.50)0.59(0.10)
Net profit2.401.471.160.40(3.36)0.50(0.13)
Net profit margin+27.0%+25.4%+29.1%+15.4%-361.3%+14.2%-5.1%
EPS (₹)2.171.160.810.42(3.65)0.54(0.14)
Balance sheet
Total assets34.0443.3238.0423.5730.3419.1120.69
Net worth22.9723.0524.0319.0121.9313.1312.70
Total debt11.0720.2714.014.578.425.997.99
Cash & bank0.110.080.170.050.110.020.05
Net working capital6.366.737.468.068.241.971.70
Cash flow
Cash from operations(2.54)9.8611.11(0.34)(2.30)(0.05)(0.07)
Cash from investing(9.96)(4.36)(1.95)(3.04)0.34(0.01)(0.02)
Cash from financing12.54(5.59)(9.05)3.322.050.030.10
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1.281.555.691.371.051.121.021.51
Revenue growth (YoY)+21.9%+38.4%+457.8%-9.3%-49.0%+21.7%--
Other income0.000.000.120.000.000.000.250.00
Total expenses0.920.472.370.680.490.470.560.82
EBITDA0.361.083.320.690.560.650.460.69
EBITDA margin+28.1%+69.7%+58.3%+50.4%+53.3%+58.0%+45.1%+45.7%
Depreciation0.010.010.010.010.010.010.010.01
Interest0.260.311.540.390.470.470.510.55
Profit before tax0.090.761.890.290.080.170.190.13
Tax0.000.000.430.000.000.000.110.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1.281.555.691.371.051.121.021.51
Revenue growth (YoY)+21.9%+38.4%+457.8%-9.3%-49.0%+21.7%--
Other income0.000.000.120.000.000.000.250.00
Total expenses0.920.472.370.680.490.470.560.82
EBITDA0.361.083.320.690.560.650.460.69
EBITDA margin+28.1%+69.7%+58.3%+50.4%+53.3%+58.0%+45.1%+45.7%
Depreciation0.010.010.010.010.010.010.010.01
Interest0.260.311.540.390.470.470.510.55
Profit before tax0.090.761.890.290.080.170.190.13
Tax0.000.000.430.000.000.000.110.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue8.905.793.992.590.933.522.53
Revenue growth+53.7%+45.1%+54.1%+178.5%-73.6%+39.1%-
Other income0.000.000.000.000.000.000.00
Total expenses3.542.592.201.712.041.962.31
Employee cost1.130.970.870.920.800.921.02
EBITDA5.363.201.790.88(1.11)1.560.22
EBITDA margin+60.2%+55.3%+44.9%+34.0%-119.4%+44.3%+8.7%
Depreciation0.050.030.030.030.010.010.02
Interest2.881.800.870.400.380.960.30
Profit before tax2.431.370.890.45(1.50)0.59(0.10)
Tax0.430.280.140.051.870.090.03
Net profit2.401.471.160.40(3.36)0.50(0.13)
Net profit margin+27.0%+25.4%+29.1%+15.4%-361.3%+14.2%-5.1%
EPS (₹)2.171.160.810.42(3.65)0.54(0.14)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital9.269.269.269.269.269.269.26
Reserves & surplus13.7113.7914.779.7512.673.873.44
Shareholders' funds (net worth)22.9723.0524.0319.0121.9313.1312.70
Secured loans0.005.364.964.574.173.795.33
Unsecured loans11.0714.919.050.004.252.202.66
Total debt11.0720.2714.014.578.425.997.99
Total liabilities34.0443.3238.0423.5730.3419.1120.69
Assets
Gross block0.290.280.290.190.190.160.15
Net block0.120.150.180.120.150.030.03
Capital work in progress0.000.000.000.000.000.000.00
Investments1.969.3414.0310.7218.6211.1212.15
Inventories0.000.000.000.000.000.000.00
Sundry debtors0.000.000.000.000.000.000.00
Cash & bank balances0.110.080.170.050.110.020.05
Loans & advances6.706.957.688.178.232.111.70
Total current assets6.817.037.858.228.342.131.75
Total current liabilities0.450.300.390.160.100.160.05
Net working capital6.366.737.468.068.241.971.70
Total assets34.0443.3238.0423.5730.3419.1120.69
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.080.170.050.110.020.050.04
Net cash from operating activities(2.54)9.8611.11(0.34)(2.30)(0.05)(0.07)
Net cash from investing activities(9.96)(4.36)(1.95)(3.04)0.34(0.01)(0.02)
Net cash from financing activities12.54(5.59)(9.05)3.322.050.030.10
Net change in cash0.04(0.09)0.12(0.06)0.09(0.03)0.01
Closing cash0.110.080.170.050.110.020.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+53.7%+45.1%+54.1%+178.5%-73.6%+39.1%-
EBITDA growth+67.5%+78.8%+103.4%+179.3%-171.2%+609.1%-
PBT growth+77.4%+53.9%+97.8%+9998.0%-+9998.0%-
Net income growth+63.3%+26.7%+190.0%+111.9%-772.0%+484.6%-
Revenue CAGR (3Y)+50.9%+84.0%+4.3%+0.8%-27.2%+34.7%+2.6%
EBITDA CAGR (3Y)+82.6%-+4.7%+58.7%---
Profitability & leverage
Net income margin+22.5%+18.8%+18.8%+15.4%-362.4%+14.2%-5.1%
Return on capital employed+15.0%+9.0%+7.3%+3.1%-4.6%+7.8%+0.8%
Return on net worth+10.5%+6.2%+5.4%+1.9%-19.3%+3.9%-0.9%
Debt / equity0.680.730.430.320.410.540.76
Long-term debt / equity0.120.220.220.210.230.350.35
Interest cover54.2456.7849.4347.06-33.9361.94150.00
Efficiency & per share
Fixed asset turnover31.2320.3216.6313.635.3122.7116.87
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover0.000.000.000.000.000.000.00
EPS (₹)2.171.160.810.42(3.65)0.54(0.14)
Dividend per share (₹)0.600.500.300.000.000.000.00
Book value per share (₹)24.8124.8925.9520.5323.6814.1813.72

To see the full year-wise statements and ratios of Indus Finance Limited, buy the company report.

Board of directors of Indus Finance Limited

Indus Finance has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Bala Venckat KuttiManaging Director31 Jan 200719 Years 9 MonthsCurrent
Kanagasabapathy Vasuki Balasubramaniam KodumudiDirector29 Jul 20206 Years 3 MonthsCurrent
Nanchar Bhaskara ChakkeraDirector01 Feb 20242 Years 9 MonthsCurrent
Vineet Niranjan JagtapDirector01 Feb 20242 Years 9 MonthsCurrent

Peer comparison

Indus Finance Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Finance, 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Indus Finance Limitedthis company₹8.9 Cr (FY 2026)₹2.4 Cr27%53.7%Chennai, Tamil Nadu, India
Madhav Trading Corporation Limited₹2.42 Cr (FY 2025)-10.0%Kolkata, West Bengal, India
Sai Baba Finvest Private Limited₹2.42 Cr (FY 2024)-80.0%Kolkata, West Bengal, India
Khiwasara Finance & Leasing Limited₹2.42 Cr (FY 2025)7.0%Hyderabad, Telangana, India
Destiny Finco Pvtltd₹2.42 Cr (FY 2025)12.0%Kolkata, West Bengal, India
Daulat Leasing and Finance Private Limited₹2.42 Cr (FY 2025)3524.0%New Delhi, Delhi, India
Pee Jay Finance Company Limited₹2.41 Cr (FY 2025)23.0%Hargobind Enclave, Delhi, India
Modi Asset Management Private Limited₹2.41 Cr (FY 2025)135.0%Mohali, Punjab, India
Artmoss Sales Pvt Ltd₹2.41 Cr (FY 2025)52.0%Kolkata, West Bengal, India
Ambarnuj Finance & Investments Private Limited₹2.41 Cr (FY 2025)-3.0%New Delhi, Delhi, India
KNS Exports Pvt. Ltd.₹2.41 Cr (FY 2018)17.0%Kolkata, West Bengal, India

To see the full peer comparison of Indus Finance Limited, buy the company report.

Auditor

Indus Finance Limited is audited by V.RAMARATNAM & CO for the financial year 2019.

Auditor firmFinancial yearFirm registration number
V.RAMARATNAM & COFY 2019002956S

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 74.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 25.20%.

Promoters: 74.80%Retail & Others: 25.20%
Mar 2026
QUARTER
74.80% Promoters
25.20% Retail & Others
Promoter holding - history
Now 74.80% · Mar 2026High 74.80% · Jun 2025Low 74.80% · Jun 2025
73%73.8%74.5%75.3%76%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 74.80%Sep 2025: 74.80%Dec 2025: 74.80%Mar 2026: 74.80%74.80%74.80%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters74.80%74.80%74.80%74.80%
Public25.20%25.20%25.20%25.20%

Charges & borrowings

Open charges
₹5.55 Cr
Satisfied charges
₹30 Cr
Breakdown by lending institutions
Bank of Madura Ltd.₹2.50 Cr
Ing Vysya Bank Ltd₹2.15 Cr
Bank of Madura Ltd₹0.90 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
20 Jan 200490284255Ing Vysya Bank Ltd₹2.15 CrOpen
28 Dec 199590282828Bank of Madura Ltd.₹2.5 CrOpen
31 Aug 199490283569Bank of Madura Ltd₹90 LakhOpen
19 Nov 201210387131Indowind Energy Limited₹20 CrSatisfied
25 Aug 201110306223Indowind Energy Limited₹10 CrSatisfied

To see the full charge records of Indus Finance Limited, buy the company report.

Total charge records: 5 View all charges

Deals & funding

Indus Finance Limited has 29 deals on record (29 market trades); the latest was in November 2024.

Total deals
29
Market trades
29

Deals on record (5 of 29)

WhenDealAmountParties
Nov 2024Market trade₹26.1 LakhBuyer: Multiplier Share and Stock Advisors Private Limited
Seller: Multiplier Share and Stock Advisors Private Limited
Jun 2014Market trade₹23.5 LakhSeller: East West Tradelink Private Limited
Sep 2013Market trade₹2.35 CrBuyer: Wind Energy Development Company Private Limited
Seller: SMS Tools Private Limited
Sep 2013Market trade₹2.47 CrBuyer: Commendam Investments Private Limited
Seller: SMS Tools Private Limited
Sep 2013Market trade₹2.47 CrBuyer: Commendam Investments Private Limited
Seller: an individual

To see the full deal history of Indus Finance Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Indus Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Indus Finance has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
33AAFCS4074A1ZSTamil NaduActive01 Jul 2017

To see the full GST registrations and return filing status of Indus Finance Limited, buy the company report.

Recent activity

Indus Finance Limited has 21 board changes on record since 1992: 14 appointments and 7 cessations. The latest: Alice Chhikara was appointed as CEO on 20 Jun 2025.

Filing
Indus Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chennai.
AGM
Indus Finance Limited last Annual general meeting of members was held on 23 Jul 2025 as per latest MCA records.
Appointed
Alice Chhikara was appointed as CEO.
Ceased
Kandallu Shyamsundar Rajaram ceased to be Director.
Appointed
Nanchar Bhaskara Chakkera was appointed as Director.
Appointed
Vineet Niranjan Jagtap was appointed as Director.
Ceased
Niranjan Raosaheb Jagtap ceased to be Additional Director.
Charges
A charge registered on 19 Nov 2012 via Charge ID 10387131 with Indowind Energy Limited was fully satisfied on 05 Oct 2020.
Charges
A charge registered on 25 Aug 2011 via Charge ID 10306223 with Indowind Energy Limited was fully satisfied on 05 Oct 2020.
Appointed
Appointed
Vellaiyappan Kannappan was appointed as CFO.
Appointed
Niranjan Raosaheb Jagtap was appointed as Additional Director.

20 earlier events are in the company report.

Frequently asked questions

Indus Finance is an active public limited company based in Chennai, Tamil Nadu, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 11 March 1992 (34+ years old) and is registered under CIN L65191TN1992PLC022317. Listed on BSE: 531841.

Indus Finance reported revenue of ₹8.9 Cr for FY 2025-26 (up 53.7% YoY) based on standalone financials.

Indus Finance has 4 current directors:

The latest financial statements of Indus Finance on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 23 July 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Indus Finance is 33AAFCS4074A1ZS, registered in Tamil Nadu.

The CIN (Corporate Identification Number) of Indus Finance is L65191TN1992PLC022317. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Indus Finance is a listed company as per MCA records. Its shares are listed on BSE (code: 531841).

Indus Finance has 96 court cases on record: 56 filed by the company and 40 filed against it. 12 are pending. Most are in the high courts.

Indus Finance was incorporated on 11 March 1992, making it 34+ years old. It is registered with the Registrar of Companies, Chennai.

Indus Finance has 29 deals on record (29 market trades); the latest was in November 2024.

The peers of Indus Finance by revenue are Madhav Trading Corporation Limited, Sai Baba Finvest Private Limited, Khiwasara Finance & Leasing Limited, Destiny Finco Pvtltd, Daulat Leasing and Finance Private Limited and 5 more, all in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).