Keertana Finserv Private Limited
Keertana is a new generation Inclusive and Rural focused financial Institution that leverages cutting edge technology to enable access of credit in a hassle free, affordable and at convenience to its customers. Promoter Ms. Padmaja Reddy and her foun...
Key Metrics
EPS
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Debt/Equity
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Debt/EBITDA
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Interest coverage ratio
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Op Cashflow to total debt
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Free Cashflow
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Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Adequate capitalisation: ability to sustain the same alongside growth aspirations remains a monitorable
Extensive experience of the promoters and leadership team
Maintaining steady-state gearing at below 4 times while operations continue to scale
Sustenance of asset quality with GNPAs remaining within 2.5% and profitability being maintained at above average levels.
Track record of raising external borrowings
Cons
Moderation in capitalisation metrics with a significant increase in gearing beyond 5 times while scaling up the portfolio.
Any adverse movement in operating or credit costs and its consequent impact on earnings profile
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About Keertana Finserv Private Limited bond.
This comprehensive profile covers key factual information about Keertana Finserv Private Limited. Keertana is a new generation Inclusive and Rural focused financial Institution that leverages cutting edge technology to enable access of credit in a hassle free, affordable and at convenience to its customers. Promoter Ms. Padmaja Reddy and her founding team members bring with them over 100+ years of collective experience in the small business lending. Ms. Reddy after having spent over 2 decades in building one of India’s leading Microfinance Institution, Spandana Sphoorty Financial Limited, parted ways to focus on evolving enterprise business segment whose credit demand is largely unmet. This segment is traditionally un-served by banks, underserved by NBFCs, and beyond the serviceable limits of NBFC-MFIs. The focus areas chosen were Gold Loans, Micro Enterprise lending both secured and unsecured to start with. EPS in FY 2024 was 8.92. Current ratio in FY 2024 was 1.52. Debt/Equity in FY 2024 was 3.43. Debt/EBITDA in FY 2024 was 6.02. Interest coverage ratio in FY 2024 was 1.72. Op Cashflow to total debt in FY 2024 was -0.67. Free Cashflow in FY 2024 was -91971.36. Total revenue for Mar-2025 (E) was ₹40128.76. Net income for Mar-2025 (E) stood at ₹10280.38. Total assets as of FY 2024 were ₹171856.38. Total liabilities as of FY 2024 were ₹133092.95. Operating cash flow for FY 2024 was ₹-88878.60. The company’s borrowing relationships include Jana Small Finance Bank Limited (₹55.00 Cr), Kotak Mahindra Bank Limited (₹22.22 Cr), Suryoday Small Finance Bank Limited (₹10.07 Cr), ESAF Small Finance Bank Limited (₹25.00 Cr), ESAF Small Finance Bank Limited (₹21.08 Cr), The Federal Bank Limited (₹14.38 Cr), Bandhan Bank Limited (₹20.00 Cr), Capital Small Finance Bank Limited (₹19.06 Cr), IDFC FIRST Bank Limited (₹62.29 Cr), IndusInd Bank Limited (₹28.86 Cr), - (₹222.04 Cr). Peers and comparison entities consist of Keertana Finserv Private Limited, Akara Capital Advisors Private Limited, Navi Finserv Private Limited, Lendingkart Finance Limited. The borrower portfolio is diversified across segments: Gold Loans (52%), Group Loans (35%), Unsecured Loans (7%), Loan against property & Home Loan (6%). As of 2024, promoters hold 99.65% while others hold 0.35% of equity. Key strengths include: Adequate capitalisation: ability to sustain the same alongside growth aspirations remains a monitorable; Extensive experience of the promoters and leadership team; Maintaining steady-state gearing at below 4 times while operations continue to scale; Sustenance of asset quality with GNPAs remaining within 2.5% and profitability being maintained at above average levels.; Track record of raising external borrowings. Key risks include: Moderation in capitalisation metrics with a significant increase in gearing beyond 5 times while scaling up the portfolio.; Any adverse movement in operating or credit costs and its consequent impact on earnings profile. Leadership team details include Padmaja Reddy (The managing director and promoter of Keertana Finserv. She also founded Spandana Sphoorty Financial Limited.), Vara Prasad Chaganti (A director and founder of InDhan Impact. He is also a member of the Risk Management Committee.), Raghu Venkata Harish (A director of Keertana Finserv. He is also a member of the Risk Management Committee.), Vijaya Sivarami Reddy Vendidandi (A director of Keertana Finserv. He is also a member of the Risk Management Committee.), Mahesh Payannava (An additional director of Keertana Finserv.), Siddharth Mehta (The company secretary of Keertana Finserv.), Rajesh Kumar Patnaik (The vice president of Keertana Finserv. He is a branch head with experience in banking, sales, and project management.). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.