INDEL MONEY LIMITED

About the issuer

Indel Money Limited is a non-banking financial company (NBFC) established in 1986 and headquartered in Ernakulam, Kerala, India. The company operates a network of 353 branches across various states, including Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Odisha, Maharashtra, Madhya Pradesh, Delhi, Andaman Islands, Rajasthan, Gujarat, and the Union Territory of Puducherry. Indel Money offers a comprehensive suite of financial services, such as gold loans, MSME financing, consumer durable loans, and loan-against-property, catering to a diverse clientele ranging from individual consumers to small and medium-sized enterprises. As of March 2026, the company reported assets under management of ₹3,477 crore, with a gross non-performing asset ratio of 1.5% and a net non-performing asset ratio of 1.31%. In March 2026, Indel Money received a credit rating of 'IND A-' with a 'Stable' outlook from India Ratings and Research for its non-convertible debentures and bank loan facilities.