About Kotak Infrastructure Debt Fund Limited
Data last updated:
Kotak Infrastructure Debt Fund Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Kotak Mahindra Bank Limited. It operates in the infra debt financing segment of the financial services sector. It was incorporated on 10 August 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65910MH1988PLC048450. Its GSTIN is 27AAACK5920G1ZP (Maharashtra).
The company has an authorised share capital of ₹610.75 Cr and a paid-up capital of ₹310 Cr. It was formerly known as Kotak Forex Brokerage Limited and Komaz Financial Services Limited. It is led by directors including Sanjeev Ramesh Shah and Ashok Rao Baswa.
Its last annual general meeting (AGM) was held on 21 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 27 BKC C 27 G Block Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹148.99 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹60.39 Cr (net margin 40.5%) and EBITDA of ₹139.21 Cr (EBITDA margin 93.4%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 13% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4,500 Cr and satisfied charges of ₹400 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹308.95 Cr; the latest was in March 2023. Its 6 peer companies in the BFSI industry (Infrastructure Debt Fund, Large NBFC, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 4 smaller; the largest is Idfc Limited with revenue of ₹154.24 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 kidfl.kotak.com.
Company details
Name history
Kotak Infrastructure Debt Fund has undergone 2 name changes throughout its history. The company was previously known as Kotak Forex Brokerage Limited, and Komaz Financial Services Limited. The current legal name is Kotak Infrastructure Debt Fund Limited.
| Company Name | Status |
|---|---|
| Kotak Infrastructure Debt Fund Limited | Current |
| Kotak Forex Brokerage Limited | Previous |
| Komaz Financial Services Limited | Previous |
Contact details
Kotak Infrastructure Debt Fund Limited's registered office is in Mumbai, Maharashtra. Its website is kidfl.kotak.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address27 BKC C 27 G Block Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Infra Debt Financing, NBFC
To see the full contact details of Kotak Infrastructure Debt Fund 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
Business activity
The main business activity of Kotak Infrastructure Debt Fund 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 Kotak Infrastructure Debt Fund Limited, buy the company report.
Financials of Kotak Infrastructure Debt Fund Limited
FY 2025 filings availableKotak Infrastructure Debt Fund Limited reported revenue of ₹148.99 Cr (up 34% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 34% growth in the latest year. EBITDA rose 41% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹139.21 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹60.39 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 93.4% | ||||
| Net Profit Margin | 40.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Kotak Infrastructure Debt Fund Limited, buy the company report.
Board of directors of Kotak Infrastructure Debt Fund Limited
Kotak Infrastructure Debt Fund has 6 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjeev Ramesh Shah | Director | 17 Oct 2023 | 3 Years 0 Months | Current |
| Ashok Rao Baswa Also directs: Kotak Mahindra Investments Limited | Director | 01 Apr 2024 | 2 Years 7 Months | Current |
| Raghunandan Dattatray Maluste | Director | 21 Aug 2018 | 8 Years 2 Months | Current |
| Sujata Guhathakurta | Director | 29 Mar 2018 | 8 Years 7 Months | Current |
| Dipak Gupta Also directs: FSN E-Commerce Ventures Limited, Dot & Key Wellness Limited, Kotak Alternate Asset Managers Limited and 1 more | Director | 20 Oct 2016 | 10 Years 0 Months | Current |
| Paritosh Kashyap Also directs: Kotak Mahindra Investments Limited, Kotak Mahindra Bank Limited, Kotak Mahindra Capital Company Limited and 1 more | Director | 24 May 2022 | 4 Years 5 Months | Current |
Peer comparison
Kotak Infrastructure Debt Fund Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Infrastructure Debt Fund, Large NBFC, Systemically Important 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 |
|---|---|---|---|---|---|---|
| Idfc Limited | ₹154.24 Cr (FY 2023) | 70.0% | Chennai, Tamil Nadu, India | |||
| Criss Financial Limited | ₹149.06 Cr (FY 2024) | 47.0% | Hyderabad, Telangana, India | |||
| Kotak Infrastructure Debt Fund Limitedthis company | ₹148.99 Cr (FY 2025) | ₹60.39 Cr | 40.5% | 34.0% | 16 | Mumbai, Maharashtra, India |
| Yes Capital (India) Private Limited | ₹148.13 Cr (FY 2019) | 99.0% | Mumbai, Maharashtra, India | |||
| India Factoring and Finance Solutions Private Limited | ₹147.78 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Ivory Consultants Pvt. Ltd. | ₹143.65 Cr (FY 2022) | 61.0% | Kolkata, West Bengal, India | |||
| Sudha Apparels Ltd | ₹142.15 Cr (FY 2019) | 81.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Kotak Infrastructure Debt Fund Limited, buy the company report.
Auditor
Kotak Infrastructure Debt Fund Limited is audited by GOKHALE AND SATHE for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOKHALE AND SATHE | FY 2023 | 103264W |
Shareholding
The shareholding of Kotak Infrastructure Debt Fund Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kotak Infrastructure Debt Fund Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jan 2024 | 100864406 | Idbi Trusteeship Services Limited | ₹3,500 Cr | Open | |
| 13 Dec 2018 | 100233400 | Idbi Trusteeship Services Limited | ₹1,000 Cr | Open | |
| 26 Feb 2018 | 100159142 | Idbi Trusteeship Services Limited | ₹400 Cr | Satisfied |
To see the full charge records of Kotak Infrastructure Debt Fund Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Kotak Infrastructure Debt Fund Limited has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹308.95 Cr; the latest was in March 2023.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Seller: Kotak Mahindra Bank Limited |
| Oct 2016 | Funding round | ₹305.9 Cr | Investors: KOTAK SECURITIES LIMITED, Kotak Mahindra Bank Limited , Kotak Alternate Asset Managers Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Kotak Mahindra Bank Limited Seller: KOTAK SECURITIES LIMITED |
| Mar 2010 | Funding round | ₹1.1 Cr | Investors: KOTAK SECURITIES LIMITED, Kotak Mahindra Bank Limited |
| Mar 2007 | Funding round | ₹1.25 Cr | Investors: KOTAK SECURITIES LIMITED |
To see the full deal history of Kotak Infrastructure Debt Fund Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kotak Infrastructure Debt Fund Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by The Commissioner of Income Tax - 3 Mumbai | Disposed |
To see the full case history of Kotak Infrastructure Debt Fund 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.
Credit ratings & regulatory alerts
Kotak Infrastructure Debt Fund Limited was last rated by Icra on 27 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 27 Aug 2021 |
To see the full credit ratings and regulatory alerts of Kotak Infrastructure Debt Fund Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kotak Infrastructure Debt Fund Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kotak Infrastructure Debt Fund Limited has a workforce of 16 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 16 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Kotak Infrastructure Debt Fund Limited, buy the company report.
GST
Kotak Infrastructure Debt Fund has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK5920G1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kotak Infrastructure Debt Fund Limited, buy the company report.
Recent activity
Kotak Infrastructure Debt Fund Limited has 22 board changes on record since 2012: 6 appointments and 16 cessations. The latest: Ashok Rao Baswa ceased to be Additional Director on 23 Jun 2024.
17 earlier events are in the company report.
News
Frequently asked questions
Kotak Infrastructure Debt Fund is an active public limited company based in Mumbai, Maharashtra, India. The company works in infra debt financing, within the financial services industry. It was incorporated on 10 August 1988 (38+ years old) and is registered under CIN U65910MH1988PLC048450.
Kotak Infrastructure Debt Fund has 6 current directors:
- Sanjeev Ramesh Shah - Director
- Ashok Rao Baswa - Director
- Raghunandan Dattatray Maluste - Director
- Sujata Guhathakurta - Director
- Dipak Gupta - Director
- Paritosh Kashyap - Director
The latest financial statements of Kotak Infrastructure Debt Fund on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Kotak Infrastructure Debt Fund is 27AAACK5920G1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Kotak Infrastructure Debt Fund is U65910MH1988PLC048450. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kotak Infrastructure Debt Fund has 2 court cases on record: 2 filed against it.
Kotak Infrastructure Debt Fund was incorporated on 10 August 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Kotak Infrastructure Debt Fund has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹308.95 Cr; the latest was in March 2023.
The peers of Kotak Infrastructure Debt Fund by revenue are Idfc Limited, Criss Financial Limited, Yes Capital (India) Private Limited, India Factoring and Finance Solutions Private Limited, Ivory Consultants Pvt. Ltd. and 1 more, all in the BFSI industry (Infrastructure Debt Fund, Large NBFC, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities).
Ashok Rao Baswa ceased to be Additional Director on 23 Jun 2024. Ashok Rao Baswa was appointed as Director on 01 Apr 2024. Sanjeev Ramesh Shah was appointed as Director on 17 Oct 2023. Kotak Infrastructure Debt Fund has 22 board changes on record in total.
Kotak Infrastructure Debt Fund can be reached through the website kidfl.kotak.com. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
