Tirupati Fin-Lease results and financials
BSE: 539488Finance
Tirupati Fin-Lease Ltd. · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Dec 2015
Latest announcements
Routine notices left out.
Oct 2026
28 Oct · Result- 30Th September 2026
28 Oct · Results
26 Oct · Board meeting
Meeting on 28 Oct 2026: quarterly results
Aug 2026
8 Aug · Meeting
Q2 results, quarter to Sep 2026
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹0.33 Cr−17.0% on a year ago · −22.9% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary
- −₹0.38 Cr
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- −₹0.24 Cr
- Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. Earnings per share in the glossary
- −₹0.79
- Operating margin
- −115.9%
- Net margin
- −71.3%
From revenue to net profit, ₹ crore
- Revenue0.3
- Operating expenses−0.7
- Operating profit−0.4
- Depreciation0.0
- Other income+0.2
- Finance costs0.0
- Profit before tax−0.2
- Tax0.0
- Net profit−0.2
Tirupati Fin-Lease results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Sep 2026. Results for the quarter to Dec 2026 are due by 14 Feb 2027, 45 days after it ends. Every company's dates are on the results calendar.
Revenue and net profit by quarter, ₹ crore
- Revenue
- Net profit
- Loss
Peak revenue ₹0.84 Cr, quarter to Jun 2025; lowest ₹0.06 Cr, quarter to Dec 2023A loss in the quarter to Sep 2026, −₹0.24 Cr
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Dec 2021Q3 | Mar 2022 | Jun 2022Q1 | Sep 2022 | Dec 2022Q3 | Mar 2023Filed 30 May | Jun 2023Q1Filed 29 Jul | Sep 2023 | Dec 2023Q3 | Mar 2024 | Jun 2024Q1 | Sep 2024 | Dec 2024Q3 | Mar 2025Q4Filed 24 May | Jun 2025Q1Filed 2 Aug | Sep 2025Q2Filed 14 Nov | Dec 2025Q3Filed 14 Feb | Mar 2026Q4Filed 23 May | Jun 2026Q1Filed 11 Jul | Sep 2026Q2Filed 28 Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 0.80 | 1.71 | 2.91 | 2.40 | 2.09 | 2.70 | 0.08 | 0.86 | 0.06 | 0.49 | 0.36 | 0.25 | 0.40 | 0.50 | 0.84 | 0.40 | 0.48 | 0.50 | 0.43 | 0.33 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | 0.77 | 1.82 | 2.96 | 2.13 | 2.02 | 2.99 | 0.09 | 0.77 | 0.11 | 0.23 | 0.13 | 0.28 | 0.58 | 0.65 | 0.36 | 0.49 | 0.41 | 0.83 | 0.19 | 0.71 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. Cost of materials and goods in the glossary | 0.65 | 1.70 | 2.45 | 2.00 | 2.14 | 2.64 | −0.01 | 0.54 | −0.01 | −0.09 | 0.00 | 0.00 | 0.12 | 0.25 | 0.21 | 0.12 | 0.25 | 0.24 | 0.00 | 0.00 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. Employee costs in the glossary | 0.02 | 0.04 | – | 0.02 | – | – | 0.03 | 0.09 | 0.04 | 0.20 | 0.04 | – | – | 0.21 | 0.06 | – | 0.06 | – | 0.05 | – |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. Other expenses in the glossary | 0.03 | 0.04 | – | 0.11 | – | – | 0.06 | 0.07 | 0.07 | 0.19 | 0.09 | – | – | 0.16 | 0.08 | – | 0.09 | – | 0.15 | – |
| Operating profit before depreciation | 0.03 | −0.11 | −0.05 | 0.28 | 0.07 | −0.29 | 0.00 | 0.09 | −0.04 | 0.26 | 0.23 | −0.03 | −0.18 | −0.14 | 0.49 | −0.09 | 0.06 | −0.33 | 0.24 | −0.38 |
| Operating margin | 3.2% | −6.2% | −1.8% | 11.5% | 3.1% | −10.8% | −4.2% | 10.5% | −68.9% | 53.7% | 64.3% | −12.8% | −46.3% | −28.7% | 57.8% | −23.1% | 13.1% | −66.3% | 54.9% | −115.9% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.07 | 0.11 | 0.53 | 0.32 | 0.27 | 0.29 | 0.63 | 0.05 | 0.00 | 0.06 | 0.20 | 0.17 | 0.05 | 0.29 | 0.16 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. Exceptional items in the glossary | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.02 | −0.11 | −0.06 | 0.27 | 0.17 | −0.23 | 0.10 | 0.62 | 0.27 | 0.53 | 0.52 | 0.59 | −0.13 | −0.15 | 0.55 | 0.10 | 0.22 | −0.30 | 0.52 | −0.24 |
| 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 | 0.02 | 0.05 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.09 | 0.00 | 0.00 | |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 0.0% | – | – | 0.0% | 0.0% | – | 0.0% | 0.0% | 0.0% | 48.0% | 2.9% | 8.4% | – | – | 0.0% | 0.0% | 0.0% | – | 0.0% | – |
| Net profit | 0.02 | −0.13 | −0.06 | 0.27 | 0.17 | −0.23 | 0.10 | 0.62 | 0.27 | 0.28 | 0.50 | 0.54 | −0.13 | −0.17 | 0.55 | 0.10 | 0.22 | −0.39 | 0.52 | −0.24 |
| Net margin | 3.0% | −7.8% | −2.0% | 11.4% | 7.9% | −8.3% | 122.6% | 72.2% | 434.8% | 56.0% | 138.1% | 217.5% | −32.8% | −33.4% | 64.7% | 26.0% | 47.2% | −78.4% | 121.7% | −71.3% |
| Earnings per share | – | −₹0.44 | −₹0.19 | ₹0.91 | ₹0.55 | −₹0.75 | ₹0.34 | ₹2.08 | ₹0.91 | ₹0.92 | ₹1.67 | ₹1.81 | −₹0.43 | −₹0.56 | ₹1.82 | ₹0.34 | ₹0.75 | −₹1.30 | ₹1.74 | −₹0.79 |
Earnings per share in rupees, restated for later splits and bonuses.
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹17 Cr, year to Mar 2018; lowest ₹1.36 Cr, year to Mar 2025A loss in 1 of the 10 years shown
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
Results for the year to Mar 2026
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue1.8
- Operating expenses−1.7
- Operating profit0.1
- Depreciation0.0
- Other income+0.5
- One-off items0.0
- Finance costs0.0
- Profit before tax0.6
- Tax−0.1
- Net profit0.5
What the company owns
- Receivables₹10 Cr
- Plant, investments and other assets₹7 Cr
- Cash and bank₹0 Cr
What pays for it: net worth and liabilities
- Borrowings₹10 Cr
- Net worth₹6 Cr
- Other liabilities₹1 Cr
Profit and loss
Standalone, ₹ crore, years to March. The last column is the twelve months to Sep 2026, the latest four quarters added.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023Filed 30 May | Mar 2024 | Mar 2025Filed 24 May | Mar 2026Filed 23 May | Sep 2026Twelve monthsFiled 28 Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 6.0 | 17.4 | 13.4 | 6.2 | 5.9 | 13.0 | 9.7 | 1.5 | 1.4 | 1.8 | 1.7 |
| – | – | – | 6.3 | 5.7 | 12.9 | 9.7 | 1.2 | 1.3 | 1.7 | 2.1 | |
| Materials and goods bought | 5.7 | 17.3 | 13.3 | 6.1 | 5.4 | 12.5 | 9.2 | 0.4 | 0.4 | 0.8 | 0.5 |
| Employee costs | – | – | – | 0.1 | 0.1 | – | 0.1 | 0.4 | – | – | – |
| Other expenses | – | – | – | 0.2 | 0.2 | – | 0.3 | 0.4 | – | – | – |
| Operating profit before depreciation | – | – | – | −0.2 | 0.3 | 0.1 | 0.0 | 0.3 | 0.0 | 0.1 | −0.4 |
| Operating margin | – | – | – | −3.0% | 4.4% | 0.8% | 0.0% | 20.5% | 2.1% | 7.2% | −24.0% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. Materials, % of revenue in the glossary | – | – | – | 99.3% | 90.9% | – | 95.5% | 28.9% | – | – | – |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. Employee costs, % of revenue in the glossary | – | – | – | 1.1% | 1.5% | – | 1.5% | 24.2% | – | – | – |
| Other expenses, % of revenueOther expenses, % of revenue. Operating costs besides materials and staff divided by revenue, times 100; with the two above and the operating margin it makes 100. Other expenses, % of revenue in the glossary | – | – | – | 2.6% | 3.3% | – | 3.0% | 26.5% | – | – | – |
| Depreciation and amortisation | – | – | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. Operating profit after depreciation (EBIT) in the glossary | – | – | – | −0.2 | 0.3 | 0.1 | 0.0 | 0.3 | 0.0 | 0.1 | −0.4 |
| Other income | 0.1 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.2 | 1.2 | 0.7 | 0.5 | 0.7 |
| Finance costs | – | – | – | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| One-off items | – | – | – | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profit before tax | 0.0 | 0.1 | 0.1 | −0.2 | 0.3 | 0.1 | 0.2 | 1.5 | 0.7 | 0.6 | 0.2 |
| 0.0 | – | – | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 0.1 | 0.1 | 0.1 | |
| Net profit | 0.0 | 0.1 | 0.1 | −0.2 | 0.3 | 0.1 | 0.1 | 1.3 | 0.7 | 0.5 | 0.1 |
| Net margin | 0.7% | 0.4% | 0.5% | −3.0% | 4.3% | 0.6% | 1.4% | 84.9% | 48.7% | 27.0% | 6.9% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2022, Mar 2025 and Mar 2026 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2017 and Mar 2018: the statement does not state its finance costs or depreciation, which operating profit is worked out from, so operating profit is not given. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2019: the statement does not state its finance costs, which operating profit is worked out from, so operating profit is not given.
Balance sheet
Standalone, ₹ crore, at 31 March. The last column is the half year to Sep 2026, after the latest full year: the balance sheet at its end.
| ₹ crore | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023Filed 30 May | Mar 2024 | Mar 2025Filed 24 May | Mar 2026Filed 23 May | Sep 2026Half yearFiled 28 Oct |
|---|---|---|---|---|---|---|---|---|
| Net worth. What the company owns less everything it owes: the money shareholders have in the business, paid in and kept from profits. Net worth in the glossary | 3.1 | 3.4 | 3.4 | 3.5 | 4.8 | 5.5 | 6.0 | 6.2 |
| Share capitalShare capital. The face value of all the shares the company has issued. Share capital in the glossary | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 |
| ReservesReserves. The rest of the shareholders' net worth: profits kept in the business over the years, and money paid for shares above their face value. Reserves in the glossary | 0.1 | 0.4 | 0.4 | 0.5 | 1.8 | 2.5 | 2.9 | 3.2 |
| BorrowingsBorrowings. Loans, bonds and other money the company has borrowed and must repay with interest. Borrowings in the glossary | 0.0 | 0.0 | 0.0 | 2.9 | 2.0 | 5.0 | 9.8 | 10.9 |
| Total assetsTotal assets. Everything the company owns or controls: plant, investments, stock, money owed by customers and cash. Total assets in the glossary | 5.8 | 6.3 | 6.9 | 6.9 | 8.0 | 11.6 | 16.7 | 19.1 |
| Plant in use, after depreciationNet block. Plant, buildings and equipment in use, at what they cost less the depreciation charged on them so far. Net block in the glossary | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | – |
| Trade receivablesTrade receivables. Money customers owe the company for goods and services already delivered. Trade receivables in the glossary | 0.4 | 1.0 | 1.8 | 2.6 | 3.0 | 6.2 | 10.0 | 11.5 |
| Cash and cash equivalentsCash and cash equivalents. Cash in hand and at the bank, and deposits that can be turned into cash within three months. Cash and cash equivalents in the glossary | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other bank balancesOther bank balances. Bank deposits that cannot be drawn within three months, such as fixed deposits and money held as security. Other bank balances in the glossary | 0.0 | 0.1 | 0.0 | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 |
| Net debtNet debt. Borrowings less cash, other bank balances and current investments: what the company would still owe if it used its cash to repay. Net debt in the glossary | 0.0 | −0.1 | 0.0 | 2.8 | 2.0 | 4.9 | 9.8 | 10.9 |
Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only. No balance sheet is on record for the years to Mar 2017, Mar 2018 and Mar 2019, so its lines and the ratios worked from it are blank there.
Cash flow
Standalone, ₹ crore, years to March. The last column is the half year to Sep 2026, after the latest full year: the cash flow over its six months.
| ₹ crore | Mar 2021 | Mar 2022 | Mar 2023Filed 30 May | Mar 2024 | Mar 2025Filed 24 May | Mar 2026Filed 23 May | Sep 2026Half year |
|---|---|---|---|---|---|---|---|
| Cash from operationsCash from operations. Cash the business brought in from its operations in the period, after paying suppliers, staff and tax. Cash from operations in the glossary | 0.16 | −0.10 | 0.33 | 0.90 | −2.44 | −3.34 | −0.14 |
| Capital spendingCapital spending. Cash spent in the period on plant, equipment, buildings and other long-lived assets. Capital spending in the glossary | 0.01 | 0.02 | 0.01 | 0.03 | 0.01 | 0.07 | 0.35 |
| Free cash flowFree cash flow. Cash from operations less capital spending: what is left to repay borrowings, pay dividends or keep. Free cash flow in the glossary | 0.15 | −0.12 | 0.32 | 0.87 | −2.45 | −3.41 | −0.49 |
| Cash from investingCash from investing. Cash spent on, below nought, or received from plant, investments, businesses bought or sold, and interest and dividends received. Cash from investing in the glossary | −0.01 | −0.02 | −0.01 | −0.03 | −0.53 | −1.45 | −0.94 |
| Cash from financingCash from financing. Cash raised from, or paid to, lenders and shareholders: borrowings taken and repaid, interest, lease payments, dividends and shares issued or bought back. Cash from financing in the glossary | −0.02 | 0.00 | −0.28 | −0.89 | 3.00 | 4.75 | 1.10 |
| Dividends paidDividends paid. Cash paid to shareholders as dividends during the period. Dividends paid in the glossary | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shares bought backShares bought back. Cash spent buying the company's own shares back from shareholders. Shares bought back in the glossary | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shares issuedShares issued. Cash raised by selling new shares. Shares issued in the glossary | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net change in cashNet change in cash. Cash from operations, investing and financing added together: how much cash and cash equivalents rose or fell over the year, before currency effects. Net change in cash in the glossary | 0.13 | −0.12 | 0.04 | −0.03 | 0.03 | −0.05 | 0.02 |
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.
Ratios
Standalone, years to March.
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023Filed 30 May | Mar 2024 | Mar 2025Filed 24 May | Mar 2026Filed 23 May |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. Revenue growth in the glossary | 749.2% | 192.0% | −22.6% | −54.2% | −3.7% | 118.3% | −25.4% | −84.5% | −9.5% | 31.8% |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. Operating profit growth in the glossary | – | – | – | – | – | −61.2% | −99.2% | 38,412.5% | −90.6% | 340.5% |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. Net profit growth in the glossary | −27.3% | 90.0% | −7.9% | – | – | −72.0% | 85.6% | 861.4% | −48.0% | −27.1% |
| Earnings per share growthEarnings per share growth. This year's earnings per share less last year's, on the same share count, divided by last year's, times 100; blank where last year's is not above nought. Earnings per share growth in the glossary | – | 86.6% | −8.0% | – | – | −71.8% | 83.3% | 865.9% | −48.0% | −27.1% |
| Return on equity. Profit belonging to shareholders as a percentage of their average net worth over the year. | – | – | – | −6.0%what Return on equity, Mar 2020, includes. This year's return on equity, asset turnover and assets per rupee of net worth are on its year-end balance sheet: none a year before is on record to average with. | 7.8% | 2.1% | 3.8% | 30.6% | 12.9% | 8.5% |
| Change in return on equity. This year's return on equity less last year's, in percentage points, split below into what came from the margin, turnover and borrowing, which add up to it. Change in return on equity in the glossary | – | – | – | – | 13.8 pts | −5.8 pts | 1.7 pts | 26.8 pts | −17.7 pts | −4.4 pts |
| From the net marginChange from the net margin. The part of the change in return on equity that came from profit per rupee of sales. Change from the net margin in the glossary | – | – | – | – | 14.5 pts | −6.8 pts | 3.1 pts | 231.3 pts | −13.0 pts | −5.8 pts |
| From asset turnoverChange from asset turnover. The part of the change in return on equity that came from sales per rupee of assets. Change from asset turnover in the glossary | – | – | – | – | −0.6 pts | 1.0 pts | −1.5 pts | −201.1 pts | −5.5 pts | −0.6 pts |
| From borrowingChange from borrowing. The part of the change in return on equity that came from assets per rupee of net worth. Change from borrowing in the glossary | – | – | – | – | 0.0 pts | 0.1 pts | 0.1 pts | −3.4 pts | 0.8 pts | 2.0 pts |
| Return on capital employedReturn on capital employed. Operating profit after depreciation divided by net worth plus borrowings at the year end, times 100: what the business earns on all the money in it. | – | – | – | −6.0% | 7.6% | 2.8% | −0.1% | 4.4% | 0.2% | 0.7% |
| Cash conversionCash conversion. Cash from operations as a percentage of net profit: how much of the reported profit came in as cash. Cash conversion in the glossary | – | – | – | – | 62.2% | −137.8% | 246.0% | 70.4% | −367.7% | −691.6% |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. Interest cover in the glossary | – | – | – | – | 107.3 | 25.2 | – | 111.6 | 2.4 | 4.5 |
| Debt to equityDebt to equity. Borrowings at the year end divided by net worth: rupees borrowed for each rupee shareholders have in the business. | – | – | – | 0.00 | 0.00 | 0.00 | 0.82 | 0.41 | 0.91 | 1.64 |
| Receivable daysReceivable days. Trade receivables divided by revenue, times 365: the average days customers take to pay. Receivable days in the glossary | – | – | – | 24 | 64 | 50 | 98 | 737 | 1,655 | 2,043 |
| Inventory daysInventory days. Inventories divided by the cost of materials and goods, times 365: the days of stock the company holds. Inventory days in the glossary | – | – | – | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Asset turnoverAsset turnover. Revenue divided by average total assets: rupees of sales for each rupee of assets. Asset turnover in the glossary | – | – | – | 1.06 | 0.98 | 1.96 | 1.40 | 0.20 | 0.14 | 0.13 |
| Assets per rupee of net worthAssets per rupee of net worth. Average total assets divided by average net worth: how far borrowings and other liabilities stretch the shareholders' money. Assets per rupee of net worth in the glossary | – | – | – | 1.87 | 1.86 | 1.94 | 1.98 | 1.78 | 1.90 | 2.48 |
| Sales per rupee of plantSales per rupee of plant. Revenue divided by the net block: rupees of sales for each rupee of plant in use. Sales per rupee of plant in the glossary | – | – | – | 1,433.42 | 723.83 | 479.93 | 329.85 | 27.57 | 24.91 | 16.93 |
| Capital spending to depreciationCapital spending to depreciation. Capital spending for the period divided by its depreciation and amortisation. Capital spending to depreciation in the glossary | – | – | – | – | 3.71 | 5.09 | 1.43 | 4.72 | 1.01 | 4.15 |
| Plant being built, % of plant in useCapital work in progress, % of net block. Plant still being built as a percentage of the plant in use. Capital work in progress, % of net block in the glossary | – | – | – | 0.0% | – | – | 0.0% | 0.0% | 0.0% | 0.0% |
Interest cover is left blank for the year to Mar 2023: operating profit after depreciation is a loss, and a loss covers no interest bill. No balance sheet is on record for the years to Mar 2017, Mar 2018 and Mar 2019, so its lines and the ratios worked from it are blank there.
Growth and returns over 3, 5 and 10 years
Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2026.
- Return on assets, latest yearReturn on assets, latest year. Profit to the company's own shareholders in the latest year ÷ the average of that year's opening and closing total assets × 100; empty for a bank, a lender or an insurer, whose own return on assets is shown with its accounts.
- 3.4%
- Cash from operations against operating profitCash from operations against operating profit. Cash from operating activities in the latest year ÷ operating profit before depreciation × 100: how much of the operating profit arrived as cash; empty where that profit is nought or a loss.
- −2,608.2%
| Measure | 10 years | 5 years | 3 years |
|---|---|---|---|
| Revenue growth, yearly rateRevenue growth, yearly rate. 3 years: Revenue in the latest year ÷ revenue in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Revenue in the latest year ÷ revenue in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Revenue in the latest year ÷ revenue in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | 9.8% | −21.3% | −43.0% |
| Profit growth, yearly rateProfit growth, yearly rate. 3 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | 24.3% | 13.6% | 53.9% |
| Return on equity, averageReturn on equity, average. 3 years: The plain average of the yearly return on equity over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly return on equity over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly return on equity over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 11.6% | 17.3% |
| Return on capital employed, averageReturn on capital employed, average. 3 years: The plain average of the yearly return on capital employed over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly return on capital employed over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly return on capital employed over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 1.6% | 1.8% |
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 6.1% | 9.9% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 16.5% | 32.5% | 53.5% |
| Asset turnover, averageAsset turnover, average. 3 years: The plain average of the yearly asset turnover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly asset turnover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly asset turnover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 0.77 | 0.16 |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly interest cover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 35.9 | 39.5 |
| Debt to equity, averageDebt to equity, average. 3 years: The plain average of the yearly debt to equity over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly debt to equity over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly debt to equity over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 0.76 | 0.99 |
Where the cash came from and went
Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2026.
| ₹ crore | 5 years | 3 years | Latest year |
|---|---|---|---|
| Cash from operationsCash from operations. Latest year: Cash from operating activities in the latest year. 3 years: Cash from operating activities added over the last three years, needing every one of them. 5 years: Cash from operating activities added over the last five years, needing every one of them. | −4.66 | −4.88 | −3.34 |
| Cash from investingCash from investing. Latest year: Cash from investing activities in the latest year. 3 years: Cash from investing activities added over the last three years, needing every one of them. 5 years: Cash from investing activities added over the last five years, needing every one of them. | −2.05 | −2.01 | −1.45 |
| Cash from financingCash from financing. Latest year: Cash from financing activities in the latest year. 3 years: Cash from financing activities added over the last three years, needing every one of them. 5 years: Cash from financing activities added over the last five years, needing every one of them. | 6.57 | 6.85 | 4.75 |
| Capital spendingCapital spending. Latest year: Spending on property, plant and equipment in the latest year. 3 years: Spending on property, plant and equipment added over the last three years, needing every one of them. 5 years: Spending on property, plant and equipment added over the last five years, needing every one of them. | 0.14 | 0.11 | 0.07 |
| Dividends paidDividends paid. Latest year: Dividends paid in the latest year. 3 years: Dividends paid added over the last three years, needing every one of them. 5 years: Dividends paid added over the last five years, needing every one of them. | 0.00 | 0.00 | 0.00 |
| Shares bought backShares bought back. Latest year: Shares bought back in the latest year. 3 years: Shares bought back added over the last three years, needing every one of them. 5 years: Shares bought back added over the last five years, needing every one of them. | 0.00 | 0.00 | 0.00 |
| Shares issued for cashShares issued for cash. Latest year: Shares issued for cash in the latest year. 3 years: Shares issued for cash added over the last three years, needing every one of them. 5 years: Shares issued for cash added over the last five years, needing every one of them. | 0.00 | 0.00 | 0.00 |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit not backed by cash, % of assetsProfit not backed by cash (Sloan accruals). Net profit less cash from operations, as a percentage of average total assets. Profit not backed by cash (Sloan accruals) in the glossaryPublished threshold 10 per cent of average total assets | – | – | – | – | 1.68 | 2.93 | −2.69 | 5.51 | 37.14 | 37.34 |
| Cash from operations to profit, 3 yearsCash from operations to profit, three years. Three years of cash from operations added up, divided by three years of net profit added up. Cash from operations to profit, three years in the glossaryPublished threshold 0.7 times | – | – | – | – | – | – | 0.84 | 0.76 | −0.59 | −2.02 |
| Assets under construction, years of additionsAssets under construction, years of additions. Capital work in progress divided by the year's additions to plant: how many years of building stand unfinished. Assets under construction, years of additions in the glossaryOur threshold 2 years of additions | – | – | – | – | – | – | 0.00 | 0.00 | 0.00 | 0.00 |
| Effective tax ratePublished threshold 17.16 per cent | 2.38 | – | – | – | −0.04 | 22.28 | 14.77 | 16.60 | 11.30 | 15.13 |
| Tax charged less tax paid, % of profitTax charged less tax paid. Tax charged against profit less tax actually paid in cash, as a percentage of profit before tax. Tax charged less tax paid in the glossaryOur threshold 10 percentage points | – | – | – | – | – | 22.28 | 0.13 | 0.07 | 11.30 | 0.11 |
A threshold marked as ours has no published figure; it is the line we read the check against.
Business segments
In the year to Mar 2026 the company reports one business segment, Dealing in Securities, which carries all its revenue.
Who owns Tirupati Fin-Lease, filing by filing
Per cent of the company's shares. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.
Sep 2026 filing
- Promoters59.77%
- Individuals and others40.23%
Shareholding pattern, per cent, from Sep 2022
- Promoters
- Individuals and others
| Per cent | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 57.84% | 60.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | |
| Indian promoters | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 54.94% | 57.84% | 60.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% | 59.77% |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. Public in the glossary | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 42.16% | 39.23% | 40.23% | 40.23% | 40.23% | 40.23% | 40.23% | 40.23% | 40.23% | 40.23% | 40.23% | 40.23% | 40.23% | 40.23% | 40.23% |
| Shares in issue | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 | 30,04,200 |
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state.
Tirupati Fin-Lease promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is Bajranglal Balkishan Agarwal, 28.56%.
| Holder | ||
|---|---|---|
| Bajranglal Balkishan AgarwalIndividuals and Hindu undivided families | 28.56% | 8,58,100 |
| Pushpadevi Bajranglal AgarwalIndividuals and Hindu undivided families | 11.06% | 3,32,400 |
| VITTU BAJRANGLAL AGARWALIndividuals and Hindu undivided families | 9.84% | 2,95,700 |
| KALPESH BAJRANGLAL AGARWALIndividuals and Hindu undivided families | 5.04% | 1,51,500 |
| AGRAWAL BAJRANGLAL BALKISHANIndividuals and Hindu undivided families | 3.63% | 1,09,100 |
| MANSI KALPESH AGARWALIndividuals and Hindu undivided families | 1.63% | 48,900 |
No promoter shares are reported as pledged.
Largest public holders of Tirupati Fin-Lease, filing by filing
Per cent, on the same shares as the split above.
| Holder | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KRISHNA CAPITAL & SECURITIES LTDCompanies | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% | 4.99% |
| RELIANCE CAPITAL TRUSTEE CO.LTDCompanies | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% |
| J M CAPITAL MANAGEMENT LTDCompanies | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% |
| LALITHA DEVI MAHES KUMAR MITTALResident individuals, over ₹2 lakh at face value | 1.66% | 1.66% | 1.66% | – | 1.66% | 1.66% | 1.66% | – | – | – | – | – | – | – | – | 1.66% | – | – | 1.66% | – | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% |
| MAHESHKUMAR BALKISHAN MITTALResident individuals, over ₹2 lakh at face value | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% |
| ANUJ KALPESH SHAHResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.64% | 1.64% |
| JAYANTILAL CHIMANLAL SHAHResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% |
| MANISHA KALPESH SHAHResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% |
| CHINTU M. AGARWALResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
| PINTU M AGARWALResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
| SHIYARAM GOPICHAND GUPTAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | – | – |
| MAHESH B MITTAL HUFOther non-institutions | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.00% | 1.00% | – | – | – | – |
| LALITHA DEVI MAHES KUMAR MITResident individuals, over ₹2 lakh at face value | – | – | – | 1.66% | – | – | – | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | – | 1.66% | 1.66% | – | 1.66% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.
Company details
- BSE code
- 539488
- ISIN
- INE027S01017
- Industry
- Finance
- Website
- www.tirupatifinlease.co.in
- CIN
- L65910GJ1993PLC020576
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1993
- Registered office
- B/10, Madhavpura Market, Shahibaug Road, Nr. Police Commissioner Office, Ahmedabad 380004, Gujarat
- Share registrar
- Purva Sharegistry (India) Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments