Explicit Finance (formerly known as Shubhyog Finlease) is a registered Non-Banking Finance Company (NBFC). The company was incorporated in the year 1994. The company started with a paid up capital of Rs 2.25 million and later went for public issue in 1995. Its maiden public issue had been subscribed successfully. The company's shares are listed at the Bombay Stock Exchange.

The company’s performance is closely linked to the Indian Capital Market as the company has investments in securities. These investments represent a substantial portion of the company’s business and are vulnerable to fluctuations in the stock market. Any decline in the price of quoted investments may affect its financial position and results of operations. The value of the company’s investments may be affected by factors affecting capital markets such as price and volume volatility, interest rates, currency exchange rates, foreign investment.

Business area of the company

The company is actively investing in Secondary Market, having wide range of research techniques which enable company in identifying early stage investment opportunities in growing companies and provide a wide range of services including Business Loan, Corporate Finance, Real Estate Mortgage Finance, Loans against Shares and securities etc.