Haryana Financial Corp. Ltd.
BBSE:HARAFIN57.25
INR
0.00
(0.00%)
Haryana Financial Corp. Ltd.
BSE:HARAFIN
(Bombay Stock Exchange)
Recent
price
57.25
P/E
ratio
179.74
div
yld
- -
ROIC.AI
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- Business
- Haryana Financial Corporation is a state-level financial institution and non-banking development finance enterprise based in India, primarily engaged in extending medium- and long-term credit and financial assistance to micro, small, and medium-sized enterprises (MSMEs), service sector entities, and industrial units across the State of Haryana. Established on April 1, 1967, under the State Financial Corporations Act, 1951, following the trifurcation of the erstwhile Punjab Financial Corporation, the company is headquartered in Chandigarh, India, and operates under the administrative purview of the Department of Industries and Commerce, Government of Haryana, with joint regulatory alignment under the Small Industries Development Bank of India (SIDBI). The corporation's primary financial products and services encompass long-term project finance for greenfield and brownfield industrial ventures; term loan facilities for the acquisition of fixed assets, including land, factory buildings, and plant and machinery; equipment finance schemes structured for technology upgrading, plant modernization, and capacity expansion; single window lending schemes designed to concurrently address working capital margins and fixed capital requirements; specialized financial assistance schemes for commercial complexes, tourism infrastructure, hotels, and transport operators; financing programs for service sector enterprises such as hospitals, diagnostic centers, nursing homes, and educational institutions; credit assistance for the installation of pollution control and energy conservation equipment; and non-fund-based assistance, debt restructuring, and recovery management services. In recent major operational and strategic developments, Haryana Financial Corporation has shifted its primary business focus away from fresh loan disbursements toward intensified non-performing asset (NPA) recovery, active debt resolution, and balance sheet consolidation. Over the past one to two years, the corporation has introduced and executed structured One Time Settlement (OTS) schemes and modified settlement policies to accelerate recovery from chronic defaulting borrowers, enforced recovery proceedings under the State Financial Corporations Act and SARFAESI mechanisms, conducted public e-auctions of secured mortgaged assets, and pursued legal decree executions. Concurrently, the Government of Haryana and the corporation's board have advanced institutional restructuring and rationalization measures for state public sector undertakings, focusing on resolving long-standing refinance liabilities with SIDBI, digitizing recovery tracking systems, and evaluating corporate reorganization and restructuring frameworks.