ICL Fincorp Share Price Today

ICL Fincorp Limited Unlisted Shares - Company Overview

ICL FINCORP LIMITED was incorporated as Jawahar Finance Limited in December 1991 in Chennai. The Company was later renamed Irinjalakuda Credits & Leasing Company Limited in April 2004, which was further renamed ICL Fincorp Limited in May 2016. The company is a non-deposit accepting Non-Banking Financial Company (NBFC) that provides a wide range of fund-based services. The company has consciously built a diversified lending business covering retail consumers, small and medium enterprises, and commercial borrowers. The business model of the Company is built on well-defined multiple product offerings and well-developed systems and processes. The product portfolio of the company includes Gold loans, Property loans, Business loans, Vehicle loans & HP loans, Insurance, Money Transfer, Foreign Exchange, and Debenture. ICL Fincorp Limited has a network of 163 branches spread across 5 states in South India, i.e. Kerala, Telangana, Tamil Nadu, Karnataka, and Andhra Pradesh. The company has plans to spread its presence in Pan India very soon. The Company is in the process of improving the efficiency of operations of existing branches by identifying those branches which are below the Break-Even Point in terms of revenue generation and taking appropriate actions like merging, shifting, or closure through due statutory procedures.

ICL Fincorp Limited Incorporation Details

ICL Fincorp Limited Principal Business Activities

ICL Fincorp Limited Board of Directors

K G Anilkumar (Managing Director)

UmadeviAnilkumar (Whole Time Director)

K K Wilson (Director)

Nadarajan IPS (Independent Director)

Shinto Stanly (Independent Director)

Sajish Gopalan (Independent Director)

ICL Fincorp Limited Particular of Subsidiary Companies

ICL Fincorp Limited Shareholding Pattern (As of 31-03-2024)

Industry Outlook

India’s financial services sector is very diversified and comprises various entities such as commercial banks, insurance companies, co-operatives, mutual funds, non-banking financial companies (NBFCs), and other various entities. The share ofNBFCs is continuously growing in the financial services industry. As per RBI, NBFCs have outperformed Scheduled Commercial Banks (SCBs) in terms of growth in advances and in asset quality. It is expected that the NBFCs will grow their share in the financial services sector in near future.

FY 2020 has been one of the most eventful and challenging years that the financial services industry has experienced. The Outbreak of the COVID-19 pandemic across the globe and in India has contributed to a significant decline and volatility in the global and Indian Financial markets and a slowdown in economic activities. Since the duration and magnitude of COVID-19 are still uncertain, it will affect the plans of this industry for FY 2021.

According to ICRA, a rating agency, the NBFC industry is likely to face asset quality pressure in the short term. However, the majority of the NBFC industry will withstand any stress as their collection capacity is improving. Moreover, their balance sheets mention that they are maintaining sufficient liquidity for tackling emergencies.

RBI has announced various measures, as a part of the response to the economic challenge faced by the NBFC industry, to aid the liquidity crisis in the system and to make NBFC work easier. RBI has introduced the Liquidity Coverage Ratio requirement for all types of NBFCs with an asset size of Rs.5000 Crore.

FAQS ON ICL FINCORP LIMITED UNLISTED STOCKS 

Q1)Should I invest in ICL Fincorp shares? 

The decision to invest in ICL Fincorp depends upon your financial situation, investment goals, and risk tolerance. It is recommended that 
you should consult with a financial advisor before making any investment decisions. if you want to invest then contact us.

Q2) What are the factors that affect ICL Fincorp's share price?

ICL Fincorp's share price can be various factors such as changes in company policy, financial performance, industry trends
regulatory changes, etc. For further information, you can visit us at wwipl.com or contact us.

Q3) Is it legal to trade unlisted shares of ICL Fincorp Limited in India?

Trading of ICL Fincorp Limited's unlisted shares is unquestionably legal in India. For more information contact us.