Dar Credit & Capital Limited, a Non-Banking Financial Company, founded in 1994, specialises in providing financial solutions to low-income individuals, women entrepreneurs and small-scale businesses. Incorporated as a Public Limited Company under the Companies Act, 1956, on August 10, 1994, the company aims to help people achieve their dreams by providing financial support beyond traditional banking.
With Non-Convertible Debentures (NCDs) listed on BSE Limited since February 17, 2021, Dar Credit & Capital Limited recently got listed its equity shares on NSE Emerge under the SME Segment on May 28, 2025. As of December 24, 2024, the company has a credit rating of “CARE BBB-” with a Stable outlook.
Extensive Portfolio
Dar Credit offers three primary financial products: (i) Personal Loans, (ii) Unsecured MSME Loans, and (iii) Secured MSME Loans. The company specialises in offering credit solutions to low-income individuals, particularly those in Class IV (Group D) employment roles like cleaners, sweepers, and peons in municipalities. Dar Credit & Capital Limited also extends credit to small-scale shopkeepers and vendors, focusing strongly on empowering women entrepreneurs. Besides its headquarters in Kolkata and regional office in Jaipur, the company operates branch offices in West Bengal, Rajasthan, Bihar, and Jharkhand with camp offices in the states of Madhya Pradesh and Gujarat.
Navigating Challenges for Success
Dar Credit faces its greatest obstacle in achieving success through navigating the complex interplay of rising credit risk, intense competition, and tightening regulatory norms in the MSME and personal loan segments. Many MSMEs operate informally, making credit assessment difficult and increasing default risk, especially during economic stress. Additionally, competition from banks and fintechs challenges Dar Credit’s pricing and technology capabilities.
Dar Credit overcomes these challenges by strengthening its risk management framework, investing in data-driven underwriting tools, enhancing customer engagement, and maintaining financial discipline to ensure sustainable growth.
The Key Differentiating Factors
Dar Credit has distinguished itself in the industry, boasting experienced promoters with an excellent track record. The firm has achieved an investment grade rating (CARE), which has never been downgraded. Additionally, Dar Credit consistently maintains low NPA and timely repayments.
Leveraging a technology-driven loan matrix, the firm ensures efficient operations and maintains a leading edge in the industry. Other key differentiating factors include a strong professional setup, scalable loan products and strong capital adequacy.
Nurturing a Friendly Work Culture
Dar Credit fosters a friendly work culture by empowering team members to work freely.
The company allows team members to participate in senior management discussions, promoting transparency and collaboration. Furthermore, employees are encouraged to contribute their opinions in policy formation, ensuring their voices are valued and heard.
The Company’s Mission and Vision
Dar Credit envisions making the lives of its customers easy and happy by mitigating financial distress through a range of efficient financial services. The company’s mission is to provide professional financial services to low-income customers in urban, semi-urban and rural areas lacking access to formal financial institutions. The purpose is to improve their life quality and emerge as a financially strong, ethical and socially inclined finance institution.
Remarkable Achievements
Dar Credit considers one of its proudest achievements to be the successful listing of its equity shares on the NSE Emerge platform under the SME segment on 28th May 2025. This was a landmark moment as Dar Credit & Capital Limited became the first Non-Banking Financial Company (NBFC) from the Eastern region to be listed on NSE Emerge. The Initial Public Offering (IPO) received an extraordinary response, being fully subscribed within the first hour and eventually oversubscribed by approximately 106 times.
Dynamic Leadership
- Ramesh Kumar Vijay: Chairman, Whole-time Director and Promoter.
- Rajkumar Vijay: Whole Time Director and Promoter.
- Umesh Khemka: Non-Executive Director.
- Saket Saraf :Chief Financial Officer (CFO).
- Priya Kumari: Company Secretary and Compliance Officer.
- Jayanta Banik: Chief Executive Officer (CEO).
A Piece of Advice
Ramesh Kumar Vijay advises aspiring entrepreneurs to balance between innovation and compliance. Focus on building trust through transparency, risk management, and regulatory discipline. Leverage technology like AI, data analytics, and digital onboarding, and understand your target segment, offer tailored products, and ensure a scalable and resilient business model.
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