My Dear Shareowners and all Stakeholders;
It is my honour and privilege to report to you with exciting news on the year gone by.
With immense pride and gratitude I present to you the 31st Annual Report of our company,
Dar Credit & Capital Ltd (DCCL) for the Financial Year 2024-25 which posted a record
result I extend warm and hearty welcome to all the shareholders to the first Annual
General Meeting of the Dar Credit and Capital Ltd. as a listed company in NSE EMERGE
platform. As we reflect on the past year, it becomes evident that the spirit of
resilience, innovation, and determination continues to be the cornerstone of our
organization's journey.
This moment marks a significant milestone in our journey - one built on decades of
trust, strategic execution, discipline risk management and unwavering commitment to our
clients, partners and communities.
Our successful IPO earlier this year was not merely a financial event, it was a
transformational moment - an endorsement of our vision, the strength of our business
model, and the confidence the market has in our ability to generate sustainable value. I
would like to extend heartfelt thanks to all our shareholders, both new and long-standing,
for believing in our story and in our future. I am happy to share that Financial Year
2024-25 was a year of consolidation, innovation, and strategic growth for DCCL. In an
environment marked by shifting economic landscapes, regulatory changes, and rapid
technological advancements, DCCL demonstrated remarkable agility and foresight Our focus
remained firmly on strengthening our fundamentals, enhancing operational efficiencies, and
delivering sustainable value to all stakeholders. DCCL achieved robust financial and
operational performance during this year. We have continued to maintain a healthy balance
sheet, diversify our portfolio, and strengthen our risk management framework. Our
disciplined approach to capital allocation, prudent lending practices, and focus on
operational excellence have enabled us to deliver consistent results, despite of external
challenges. As we delve deeper into this annual report, you will gain insights into the
various initiatives, achievements, and milestones that have shaped our journey over the
past years. From prudent risk management practices to innovative product offerings, each
aspect of our operations reflects our unwavering commitment in driving long-term
shareholder value and fostering sustainable growth.
During the year, we undertook several strategic initiatives aimed at driving growth and
enhancing customer experience. Embracing digital transformation, we introduced technology-
driven solutions to streamline operations, improve service delivery, and expand our market
reach. These initiatives are already yielding positive outcomes and positioning DCCL well
for the future.
Our success is a direct reflection of the passion, commitment, and resilience of our
employees, the trust of our customers, and the unwavering support of our shareholders and
partners. I take this opportunity to extend my heartfelt appreciation to all of you for
your continued confidence in DCCL.
Looking ahead, we remain cautiously optimistic. We are mindful of the dynamic
challenges that lie ahead ? from global economic uncertainties to evolving customer
expectations ? yet we view them as opportunities to innovate, adapt, and grow stronger.
Our focus will remain on strengthening our core businesses, exploring new growth avenues,
enhancing customer engagement, and ensuring that DCCL continues to be a trusted and
responsible corporate citizen.
As we embark on the next chapter of our journey, we are guided by our core values of
integrity, excellence, and customer-centricity. Together, we will continue to build a
resilient and future- ready DCCL that creates enduring value for all stakeholders.
Business Outlook - NBFC Sector
NBFCs play a critical role in financial intermediation and promoting inclusive growth
by providing last-mile access of financial services to meet the diversified financial
needs of less- banked customers.
NBFC sector is witnessing some transformative trends. Thus, the business models of
NBFCs are changing.
The NBFC segment has entered into a new business landscape wherein it needs to
continuously strive to innovate and add new products to its toolkit Core strength of NBFCs
include customer base; strong distribution and servicing reach; higher risk appetite;
flexible business model; nonphysical points of presence; and faster scale-up and
scale-down capability.
Way Ahead
In the forthcoming fiscal year 2025-26, the NBFC sector stands at the cusp of
transformative change, driven by technological innovation, regulatory dynamics, and
evolving customer expectations. At DCCL, we are poised to lead this charge, leveraging our
expertise and agility to navigate through the complexities and capitalize on the myriad
opportunities that lie ahead.
Moreover, we recognize the imperative of fostering sustainable growth while upholding
the highest standards of corporate governance and regulatory compliance. As we continue to
expand our footprint and diversify our product offerings, we remain steadfast in our
commitment to maintaining a prudent risk profile and safeguarding the interests of all
stakeholders. Through strategic partnerships, prudent capital allocation, and a relentless
focus on innovation, we are well-positioned to navigate through the challenges and
capitalize on the opportunities that lie ahead in the dynamic landscape of the NBFC
sector.
Financial Performance & Highlights
The total income for the financial year ended March 31,2025 has increased to Rs. 41.39
Crores from Rs. 32.86 Crores. The Profit before Depreciation & Tax (PBDT) of the
Company has increased from 5.48 Crores to 9.72 Rs. Crores. The networth of the Company has
also increased from Rs. 66.97 Crores as on 31.03.2024 to Rs. 73.51 Crores as on
31.03.2025.
The Company has increased focus on collections and strengthening the underwriting
process prior to sanctioning & disbursement which have helped the company in
maintaining its asset quality. The Gross NPA amount was Rs. 1.89 Crores and the Net NPA
amount was Rs. 0.97 Crores as on 31.3.2025.
The Company will continue its thrust in financing the personal loan and MSME loans.
Since our company is engaged in small value loan and delivering credit to the last mile
borrower, there is enormous opportunity to grow.
Our capital adequacy and liquidity ratios remain well above regulatory requirements, a
testament to our prudent risk culture and robust governance.
I am happy to share that in the Financial Year 2024-2025, DCCL demonstrated remarkable
financial performance, characterized by resilience and strategic financial management
Despite
the challenging economic environment, we achieved robust revenue growth driven by a
diversified loan portfolio. Our focus on operational efficiency led to a significant
increase in net profit, reflecting our commitment to delivering value to shareholders. We
maintained a stable asset quality ratio, reflecting the effectiveness of our risk
management practices. With a healthy capital adequacy ratio, we are well-positioned to
pursue growth opportunities while ensuring financial stability. Looking ahead, we remain
dedicated to prudent risk management and innovation to sustain our growth trajectory and
create long-term value for all stakeholders.
Dividend:
Since, the Company has been making profit, the board has decided to reward the
shareholders with a token dividend of 5%. The Board has decided to conserve the cash and
therefore proposed minimum payment of dividend.
Commitment to Long-Term Value:
Our journey as a public listed company has just begun, and we are firmly focused on
creating enduring value for our shareholders. This includes:
• Strengthening our balance sheet and delivering consistent returns.
• Investing in innovation to better serve our clients.
• Enhancing transparency, accountability, and corporate governance.
• Prioritizing sustainability and responsible finance in all that we do.
We recognize that value creation is not just financial. It is also about trust About
being a responsible steward of capital. About supporting inclusive growth and long-term
prosperity for the communities we serve.
Awards & Recognition:
Our Company has been recognized by Inner Review Magazine as one of “India's
Leading NBFC Companies to Watch in 2024”. Additionally, a case study highlighting our
journey and achievements has been published in Dun & Bradstreet as part of the
“BFSI and Fintech Summit 2025”.
Team DCCL's Joy of Performing:
In the heart of DCCL's success lies the vibrant spirit and unwavering dedication of
Team DCCL. Throughout the fiscal year 2024-2025, Team DCCL has epitomized the joy of
performing, demonstrating unparalleled passion, expertise, and collaboration. Their
relentless commitment to excellence has not only propelled our organization forward but
has also fostered a culture of innovation and mutual support. With each achievement and
milestone, Team DCCL's infectious enthusiasm and dedication have illuminated our path,
inspiring us to exceed expectations and
make a meaningful impact. Their unwavering joy in their work is a testament to the
values that define DCCL, serving as a driving force behind our continued success and
growth.
As an organization we have been constantly evolving challenging ourselves to raise the
bar on innovation and strengthening our core to transform into a more agile and
future-ready Organization. We have been working towards our goal to deliver distinctive
and world-class customer experience through an optimal mix of human touch and technology.
Appreciation:
I would like to thank our regulators, Members of the Board, RBI, BSE, and our Bankers,
NCD Holders and our new and old shareholders and all stakeholders for their support in our
j oumey. I would also like to thank all members of the DCCL family, who have partnered us
in our j ourney at all times.
I also thank our customers for their sustained trust and confidence in the Company. I
am confident that together we shall continue to chart new frontiers of progress.
Looking Ahead
As we gaze towards the horizon, the future of DCCL is marked by immense promise and
potential. Guided by a spirit of innovation and an unwavering commitment to excellence, we
are well-positioned to navigate the evolving landscape of the NBFC sector. Our strategic
roadmap for the financial year 2024-2025 is built on the pillars of resilience,
adaptability, and a focused pursuit of sustainable growth. By leveraging technology,
fostering strategic partnerships, and remaining responsive to market dynamics, we are
committed to capturing new opportunities and addressing emerging challenges. With a
dedicated team and a clear, forward-looking vision, we are poised to achieve new
milestones and deliver long-term value to our stakeholders.
We have a strong commitment to our mission of "We make Life Simple” and we
are aware of the fact that we have miles to go and promises to keep, and I trust together
we can and we will.
Thank You, With best wishes, Ramesh Kumar Vijay
Chairman