January 21, 2017 2:39 AM ET

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Company Overview of ECL Finance Ltd.

Company Overview

ECL Finance Limited provides wholesale and retail financing services in India. It is also involved in treasury and investment activities. The company was incorporated in 2005 and is based in Mumbai, India. ECL Finance Limited is a subsidiary of Edelweiss Financial Services Limited.

Edelweiss House

Off. C.S.T Road


Mumbai,  400098


Founded in 2005

Key Executives for ECL Finance Ltd.

Chief Executive Officer, Managing Director and Director
Age: 49
Managing Director and Director
Age: 53
Chief Financial Officer
Executive Director
Age: 51
Senior Vice President
Age: 43
Compensation as of Fiscal Year 2016.

ECL Finance Ltd. Key Developments

Edelweiss Financial Services Reportedly Mulls Listing For ECL Finance

Edelweiss Financial Services Limited (BSE:532922) is reportedly seeking listing for ECL Finance Ltd. Edelweiss Financial Services is planning to raise INR 6 billion to INR 7.5 billion through a public issue of its consumer lending unit, ECL Finance, according to several people close to the development. Edelweiss Financial Services has completed preliminary talks with bankers about the proposed issue, the persons cited earlier told ET. The issue, which will see a stake dilution of 20-25%, is expected to hit the market in financial year 2018, they said. One of persons cited earlier who is close to the company said, "We have started the process on a fast-track. Bankers pitch has been done and we are planning to start the formal process from mid-January . We are expecting to do the issue by this fiscal itself." Edelweiss' spokesperson, however, denied any such move. "Currently, there are no plans of an IPO for any of its divisions," the spokesperson said.

ECL Finance Ltd. Announces Unaudited Standalone Earnings Results for the Six Months Ended September 30, 2016

ECL Finance Ltd. announced unaudited standalone earnings results for the six months ended September 30, 2016. For the six months, the company reported total income of INR 11,946.8 million compared with INR 8,102.5 million for the same period a year ago. Profit from ordinary activities before tax was INR 2,852.9 million compared with INR 1,806.0 million for the same period a year ago. Net profit was INR 1,836.1 million or INR 0.97 per basic and diluted share compared with INR 1,181.6 million or INR 0.62 per basic and diluted share for the same period a year ago.

ECL Finance Ltd., Board Meeting, Nov 08, 2016

ECL Finance Ltd., Board Meeting, Nov 08, 2016. Agenda: To consider the proposal to raise funds through issue of bonds/non-convertible debt securities.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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