Northern Arc Capital Limited IPO

Northern Arc Capital Limited is a prominent Indian financial services company that focuses on bridging the credit gap in underserved markets. The company aims to provide access to finance for individuals and businesses that are traditionally excluded from formal financial systems. Below is an overview of Northern Arc Capital:

1. Foundation and History:

• Established: 2009.
• Headquarters: Chennai, Tamil Nadu, India.
• Founder: Kshama Fernandes (first CEO), though it was founded with support from IFMR Trust.
• Formerly Known As: IFMR Capital. The name was changed to Northern Arc Capital in 2018 to better reflect its expanding portfolio and global ambitions.

2. Core Business:

• Primary Focus: Northern Arc Capital works as a financial intermediary providing debt financing to underbanked sectors. Its target groups include microfinance institutions (MFIs), small and medium enterprises (SMEs), affordable housing, agri-businesses, and other emerging sectors.
• Services: The company offers structured finance solutions, debt capital market products, and partnerships with investors to enable access to finance for underserved markets.
• Financial Products: They work with instruments like Non-Convertible Debentures (NCDs), securitization, and other credit enhancement tools. They also facilitate credit guarantees and provide loans.

3. Key Areas of Focus:

• Microfinance: Northern Arc provides capital to microfinance institutions, allowing them to extend credit to low-income individuals.
• Affordable Housing: The company finances housing finance institutions (HFIs) that cater to low- and middle-income households.
• SMEs: Northern Arc also supports small and medium enterprises with financing solutions, helping them grow and sustain operations.
• Agriculture: Financing for agri-businesses to ensure agricultural supply chains remain efficient.

4. Investor Base and Partners:

• Global and Domestic Investors: Northern Arc Capital works with a broad range of institutional investors, including international development finance institutions (DFIs), banks, mutual funds, and private equity players. Some notable investors include LeapFrog Investments, IIFL, and Dvara Trust.
• Strong Partnerships: It collaborates with over 200 financial institutions and has worked with various government bodies and corporate partners.

5. Technology and Innovation:

• The company is known for leveraging technology to drive innovation in financial services, making it easier to assess risk, distribute capital, and track performance in its target markets.
• Digital Platforms: Northern Arc has developed proprietary platforms to facilitate efficient capital deployment and financial product distribution.

6. Financial Strength:

• Credit Rating: Northern Arc Capital enjoys a strong credit rating from agencies like CRISIL, which highlights its financial robustness and trustworthiness.
• Revenue Growth: The company has consistently shown solid financial performance, driven by a diversified portfolio and strong operational management.

7. Mission and Vision:

• Mission: Northern Arc is committed to creating access to finance for underbanked and underserved segments, enabling social impact through financial inclusion.
• Vision: The company aims to be the most trusted partner for investors and clients in providing financial solutions to emerging and underserved sectors.

8. Awards and Recognition:

• Northern Arc has been recognized by several financial institutions and industry bodies for its role in promoting financial inclusion and creating sustainable finance models in India.

9. Sustainability and Social Impact:

• The company places strong emphasis on sustainable development and inclusive growth. It focuses on environmental, social, and governance (ESG) factors in its operations and ensures that its financing helps communities in meaningful ways.

10. IPO and Market Presence:

• Northern Arc Capital has considered public listing through an Initial Public Offering (IPO) to expand its reach and deepen its market presence. This would offer investors a chance to participate in its growth story.

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Company Financials:

Company Promoters:

Mr. Amit Mangilal Jain is the company promoter.

Objects of this Issue:

• Funding is part of the costs to be incurred in developing the Ongoing Projects (viz. Arkade Nest, Prachi CHSL, and C-Unit) (Funding Development Expenses).
• Funding acquisition of yet-to-be-identified land for real estate projects and general corporate purposes.

Registrar & Company Details