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* - Tentative Dates
The Company intends to utilize the Net Proceeds from this Issue towards the following objects:
Srestha Finvest Ltd's revenue increased by 19.15% and profit after tax (PAT) dropped by -12181.73% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 91.99 | 25.97 | 46.48 |
| Revenue | 2.75 | 2.31 | 4.73 |
| Profit After Tax | -4.97 | -0.04 | -0.54 |
| Reserves and Surplus | -4.67 | 0.26 | 0.31 |
| Amount in ₹ Crore | |||
Srestha Finvest Limited was founded in July 1985. The company is a public limited company registered with the Registrar of Companies Tamilnadu with its registered office at Chennai, Tamilnadu. The principal activity of the company is money lending against securities, movable and immovable properties, financing, installment and leasing.
The company's shares are listed on the Bombay Stock Exchange Limited and the Metropolitan Stock Exchange ltd. The Company is a non-banking financial company registered with the Reserve Bank of India as a category B NBFC company. The company does not accept deposits from the public. The company has no subsidiaries.
The lending business aims to provide specialized and holistic solutions to Indian corporates and individuals to help them build and grow their businesses. The company focuses on structured credit products backed by adequate cash flow to build a secured and high quality wholesale lending portfolio. Under the Wholesale Lending Business, it provides lending solutions for situations such as initial project finance, mezzanine finance, acquisition finance, project finance, bridge finance, promoter finance, short and long term working capital requirements, personal finance, etc.
