IPO Details

About Company

Founded in 2009, Northern Arc Capital Limited provides retail loans to underserved households and businesses across India. The company’s business model is diversified, spanning various sectors, products, geographies, and borrower categories. By March 31, 2024, Northern Arc Capital had facilitated over Rs. 1.73 trillion in financing, reaching more than 101.82 million people across the country. Northern Arc Capital specializes in lending across key sectors in India, including micro, small, and medium enterprise (MSME) finance, microfinance (MFI), consumer finance, vehicle finance, affordable housing finance, and agriculture finance. The company has over 14 years of experience in MSME finance, 15 years in MFI finance, and nine years in consumer finance. The company serves the retail lending market through a multi-channel approach: - Lending: Providing financing directly from its balance sheet to originator partners (Intermediate Retail Lending) or directly to underserved households and businesses (Direct-to-Customer Lending), often through retail lending partners or the branch network. As of March 31, 2024, Northern Arc Capital’s assets under management (AUM) stood at Rs. 117,100.19 million, covering 671 districts across 28 states and seven union territories. - Placements: Facilitating loans to originator partners using various financing products, with a total AUM of Rs. 1,019,038.92 million as of March 31, 2024. - Fund Management: Managing debenture funds and offering portfolio management services, with Rs. 120,785.58 million in volume across 10 alternative investment funds (AIFs) and three portfolio management service funds (PMS) as of March 31, 2024. Northern Arc Capital also offers a comprehensive, end-to-end technology product suite tailored to multiple sectors. This includes: - Nimbus, a debt platform for processing debt transactions, - nPOS, a co-lending and co-origination technology solution using APIs, - Nu Score, an analytical tool powered by machine learning to assist originator partners with loan underwriting, and - AltiFi, an alternative retail debt investment platform. As of March 31, 2024, Northern Arc Capital employed 2,695 permanent staff.