- Business
- Challani Capital Ltd (formerly Indo Asia Finance Ltd) operates as a non-banking financial company (NBFC) in India, registered with the Reserve Bank of India as an investment and credit company without accepting public deposits; it provides a range of financing services including loans against property, vehicle loans for heavy, medium, intermediate, light duty trucks, pick-up and mini trucks, gold loans, education loans, unsecured business and personal loans, hire-purchase, leasing, bill discounting, inter-corporate deposits and forex services. The company primarily serves retail and corporate customers such as small businesses, transporters and bus operators in northern Tamil Nadu, with operations focused in India and headquartered at No.15, New Giri Road, Chennai, Tamil Nadu. Incorporated in 1990 and listed on the Bombay Stock Exchange (ticker: CHALLANI.BO), it is led by Chairman and Managing Director Padam J. Challani. In August 2023, the company changed its name from Indo Asia Finance Ltd to Challani Capital Ltd; in 2023, it diversified its funds by selling investments in an associate company that was not delivering expected returns; recent board actions include appointing a secretarial auditor for a five-year term in September 2025 and scheduling a board meeting for November 10, 2025 to consider unspecified matters.