Ashika Credit Capital has announced its audited financial results for the financial year ended March 31, 2025, along with several strategic developments.
The company reported a net loss of Rs 51.42 crore for FY 2024–25, largely attributed to a net loss on fair value changes of Rs 50.42 crore. This marks a significant contrast to the profit of Rs 10.72 crore recorded in FY 2023–24.
The company has received approval from the Reserve Bank of India for its merger with Ashika Global Securities Pvt Ltd (AGSPL), a group entity with an approximate fair value of Rs 12,443 crore. Following regulatory and National Company Law Tribunal (NCLT) approvals, Ashika Credit Capital will become the holding entity for AGSPL’s business verticals, which include stock broking, alternate investment funds (AIF), wealth management, and IFSC GIFT City operations.
Ashika Stock Broking, a subsidiary of AGSPL, has also received a rating upgrade after a comprehensive financial assessment of the group companies, reflecting a strong financial position.
Additionally, Ashika Credit Capital has secured regulatory approval for its proposed merger with Yaduka Financial Services, an NBFC with an approximate net worth of Rs 80 crore. The company intends to submit the merger application to the NCLT soon. In a show of strong investor confidence, Ashika Credit Capital successfully raised more than Rs 500 crore during FY25. The capital raise provides a solid base for accelerating growth and diversifying operations.
The company has also launched a new subsidiary, Ashika Private Equity Advisors Pvt Ltd, with plans to establish a Category II AIF. The application for SEBI approval is currently in process. The new entity aims to offer unique investment opportunities in high-growth sectors.
Furthermore, Ashika Credit Capital is actively exploring inorganic growth opportunities through potential acquisitions to strengthen its market presence and expand its portfolio.
Commenting on the company’s direction, Chirag Jain, Chief Executive Officer, Ashika Credit Capital stated, “Despite the short-term impact of market volatility on our portfolio, we remain confident in the long-term fundamentals of our business and continue to pursue strategic growth opportunities to deliver value for our stakeholders.”
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