The Delhi Safe Deposit Company Unquoted Share Price

About THE DELHI SAFE DEPOSIT COMPANY LIMITED Unquoted/Illiquid

THE DELHI SAFE DEPOSIT COMPANY LIMITED is a part of DSD Group. It is a deposit-taking non-banking finance company & registered with the Reserve Bank of India. It is engaged in the business of loan financing. Their other business consists of giving lockers on hire, travel agencies, tour operators & fully-fledged money changers. It has no subsidiaries or branches.

The company provides Safe Deposits Locker facility. It has demonstrated the safe, secure, confidential, professional, and congenial manner of its operations & built a reputation with its customers, which is synonymous with Trust.

The company is a registered Non-Banking Finance Company (NBFC), and provides Personal loans and corporate loans for various purposes. The company also provides the Fixed Deposits Facility to its customers.

The company has travel arm also, named as “DSD Travels & Tours”. DSD Travels & Tours has been catering to Travel needs of its large clientele since year 2000.

The equity shares of the Company are listed on The Metropolitan Stock Exchange of India.

INCORPORATION DETAILS

 PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

 BOARD OF DIRECTORS

Indrajit Seth (Chairman)

Vijay Krishna Shunglu (Director)

Ashok Dayal (Independent Director)

Sarvjeet Seth (Woman Director)

Mahesh Sahai (Independent Director)

Ravi Vira Gupta (Independent Director)

Probir Chandra Sen (Independent Director)

Vijay Kumar Gupta (Managing Director / CEO)

SHAREHOLDING PATTERN (As of 31-03-2020)

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 of NBFCs 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.