CSL Finance Limited, formerly known as Consolidated Securities Limited, is an Indian non-banking financial company (NBFC) established on December 28, 1992. Registered with the Reserve Bank of India and listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), the company specializes in providing secured and unsecured loan products to small and medium-sized enterprises (SMEs) and corporate clients. CSL Finance aims to bridge the financial gap for entrepreneurs, facilitating business growth through tailored financial solutions.
Key Strategic Focus
CSL Finance operates through two primary business verticals:
- SME Retail Lending: Offers secured, collateralized loan products to SMEs and micro, small, and medium enterprises (MSMEs) across sectors such as healthcare, agriculture, fast-moving consumer goods (FMCG) trading, small-scale industries, and steel fabrication.
- Wholesale Lending: Provides customized loan solutions to real estate developers involved in group housing and single-plotted projects, primarily in the National Capital Region (NCR).
The company also participates in the Emergency Credit Line Guarantee Scheme (ECLGS) initiated by the Government of India to support MSMEs affected by the COVID-19 pandemic, offering working capital term loans under this scheme.
Financials and Funding
As of March 31, 2024, CSL Finance reported a revenue of ₹1.67 billion, marking a significant increase from ₹1.18 billion in the previous fiscal year. The company's net worth stood at ₹474.83 crore, with total assets amounting to ₹985.33 crore. In 2023, CSL Finance raised ₹49 crore in fresh equity and launched its first unsecured loan product, "Suvidha." The company has consistently expanded its asset under management (AUM), crossing ₹1,000 crore with 29 operational branches.
Technological Platform and Innovation
CSL Finance leverages technology to enhance customer experience and streamline operations. The company focuses on reducing loan processing times and facilitating faster credit decisions through technological integration. This approach ensures easy access for customers via multiple channels and supports the company's commitment to customer service excellence.
Leadership Team
- Rohit Gupta: Managing Director and Executive Promoter Director since 2005, bringing extensive experience in corporate and SME lending.
- Naresh Chandra Varshney: Chief Financial Officer and Marketing Head of Structured Lending, overseeing financial strategies and marketing initiatives.
- Amit Kaul: President of IT and Chief Technology Officer, responsible for technological advancements and IT infrastructure.
- Deepak Sharma: Chief Technology Officer, focusing on technological innovation and system integration.
- Amit Ranjan: Chief Operating Officer, managing daily operations and strategic initiatives.
Leadership Changes
In January 2025, Amit Ranjan resigned from his position as Chief Operating Officer.
Competitor Profile
- Market Insights and Dynamics: The NBFC sector in India is characterized by significant growth potential, driven by increasing demand for credit among SMEs and real estate developers. The market is competitive, with numerous players offering diverse financial products.
- Competitor Analysis: Key competitors include Bajaj Finance, Cholamandalam Investment and Finance Company, Shriram Finance, and Muthoot Finance. These companies offer a range of financial services, including SME lending, vehicle finance, and gold loans, contributing to a dynamic competitive landscape.
Strategic Collaborations and Partnerships
CSL Finance has invested in fintech companies to enhance its technological capabilities and expand its service offerings. These strategic investments aim to integrate advanced technologies into the company's operations, improving efficiency and customer engagement.
Operational Insights
CSL Finance's focused approach on SME and wholesale lending, combined with its technological integration and customer-centric services, positions the company competitively within the NBFC sector. Its extensive knowledge of market dynamics and structured approach to risk management contribute to its distinct competitive advantages.
Strategic Opportunities and Future Directions
The company plans to continue expanding its branch network and product portfolio to cater to a broader customer base. By leveraging technology and maintaining a customer-first approach, CSL Finance aims to strengthen its market position and achieve sustainable growth in the evolving financial landscape.
Contact Information
- Website: www.cslfinance.in
- Headquarters: Noida, Uttar Pradesh, India
