CSL Finance Limited, formerly known Consolidated Securities Limited was incorporated on December 28, 1992. The name of the Company was changed from Consolidated Securities Limited to CSL Finance Limited in August, 2015. The Company is in the business of fostering the financial inclusion of unbanked and underserved SMEs, Real estate and non-real estate Corporates through flexible ticket size loans.
Company was initially promoted by Prem Lall Gupta, Kamal Jeet Singh Bhatia, Pritam Singh Bhatia, Ravinder Kaur Bhatia, Harinder Kaur Bhatia, Sunil Kala and Dolly Bhatia. Thereafter, it was acquired by Mr. T.S. Bhatia, Kamaljeet Singh Bhatia, Dolly Bhatia, Ravinder Kaur Bhatia, Harinder Kaur Bhatia, Surinder Kaur Bhatia, Honey Bhatia, M/s Nikki Securities Private Limited and M/s Growth Commercial Limited.
The Company came out with an Initial Public Offer of 12,95,000 Equity Shares of Rs. 10 each for cash at par in February, 1995.
Thereafter, M/s Mundra Credit and Investment Private Limited entered into a Share Purchase Agreement (SPA) with the promoters of the company on July 2, 2005 for acquisition of 17,07,650 equity shares representing 42.65% of the total paid up equity share capital of the company, consequent of which an open offer in terms of regulation 10 & 12 of SEBI (SAST) Regulations, 1997 was made. Since then, M/s. Mundra Credit and Investment Private Limited is the promoter of the Company.
In 2010, the Company ventured into secured lending to Small & Mid-Sized C ...orporates. In 2012, it made investments into fintech company; In 2015, it started lending wholesale loans to real estate developers in NCR; in 2016, it raised Rs 120 Crores in debt for the first time.
The Company in 2017, launched SME Retail vertical business. It raised Rs 54 Crores as Fresh Issue Equity Shares. In 2018, nearly 12 SME Retail
branches were made operational. It extended the presence to Delhi NCR, Haryana, Punjab, Uttrakhand, Gujarat and Rajasthan and increased the branch network to 18 at the end of year 2019.
In 2022, the Company raised Rs 30 Crore in fresh equity. 22 SME Retail branches were made operational in 2022.
In 2023, it further raised Rs 49 Crore in fresh equity. It launched the first unsecured loan product for Steel Fabricators. 26 SME Retail branches became operational in 2023. The Company crossed Rs 700 Crore in Asset Under Management (AUM).
The Company expanded its SME Retail division, leading to a favorable shift in the AUM in FY 2024.
In FY25, Company expanded its branch network significantly from 29 to 43 branches.
FAQs on CSL Finance Ltd
1. Can I buy CSL Finance Ltd from PL Capital? ›
Yes, you can invest in CSL Finance Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track CSL Finance Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade CSL Finance Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does CSL Finance Ltd pay dividends? ›
Yes, CSL Finance Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding CSL Finance Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of CSL Finance Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for CSL Finance Ltd. is ₹ 256.2 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of CSL Finance Ltd ? ›
The 52-week high and low of CSL Finance Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
