July 21, 2017 11:25 AM ET

Diversified Financial Services

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

Kalina

Mumbai,  400098

India

Founded in 2005

Key Executives for ECL Finance Ltd.

Chief Executive Officer, Managing Director and Director
Age: 50
Managing Director and Director
Age: 54
Chief Financial Officer
Executive Director
Age: 52
Senior Vice President
Age: 44
Compensation as of Fiscal Year 2017.

ECL Finance Ltd. Key Developments

ECL Finance Ltd. Reports Unaudited Earnings Results for the Six Months and Year Ended March 31, 2017

ECL Finance Ltd. reported unaudited earnings results for the six months and year ended March 31, 2017. For the six months, the company has posted revenue from operations was INR 13,003.6 million against INR 10,763.4 million a year ago. Net profit for the period (before tax, exceptional and /or extraordinary items) was INR 3,076.7 million compared with INR 1,982.9 million a year ago. Net profit for the period (after tax, exceptional and /or extraordinary items) was INR 2,067.0 million compared with INR 1,319.0 million a year ago. Basic and diluted EPS was INR 1.09 against INR 0.70 a year ago. For the year, the company has posted revenue from operations was INR 24,950.4 million against INR 18,865.8 million a year ago. Net profit for the period (before tax, exceptional and /or extraordinary items) was INR 5,929.7 million compared with INR 3,788.8 million a year ago. Net profit for the period (after tax, exceptional and /or extraordinary items) was INR 3,903.2 million compared with INR 2,500.6 million a year ago. Basic and diluted EPS was INR 2.06 against INR 1.32 a year ago.

ECL Finance Ltd., Board Meeting, Feb 08, 2017

ECL Finance Ltd., Board Meeting, Feb 08, 2017. Agenda: To consider the proposal to raise funds through issue of bonds/non-convertible debt securities.

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.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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