- Business
- Ashika Credit Capital Ltd. (BSE: ASHIKA) operates as a Reserve Bank of India-registered, non-deposit-taking non-banking financial company (NBFC) in the base layer category, providing fund-based financial services including loans and advances, loans against securities, inter-corporate deposits, and investments in shares and securities; it also offers retail broking, lending, investment banking, global family office services, alternative investment funds (AIF), research advisory, and institutional broking to individuals, corporates, and financial institutions primarily in India. Incorporated on March 8, 1994, as a private limited company in West Bengal, the company converted to public limited status in 1996, listed on the Calcutta Stock Exchange in 2000, began trading on BSE Limited in 2011 and Metropolitan Stock Exchange of India in 2014, and is headquartered at Trinity, 7th Floor, 226/1 A J C Bose Road, Kolkata, West Bengal 700020, as the flagship entity of the Ashika Group with operations across India through over 350 locations. Recent developments include RBI approval for and completion of its merger with Yaduka Financial Services Ltd., an NBFC with approximately INR 80 crore net worth, effective November 18, 2025; receipt of RBI approvals for a merger with group company Ashika Global Securities Pvt Ltd., valued at around INR 2,443 crore, positioning Ashika Credit Capital as the holding company for stock broking, AIF, wealth management, and IFSC GIFT City operations; a capital raise exceeding INR 500 crore in FY25; launch of new subsidiary Ashika Private Equity Advisors Pvt Ltd. to establish a Category 2 AIF pending SEBI approval; and active pursuit of inorganic growth through additional acquisitions.