Company Overview - IKF Finance

• Established track record of operations with experience of more than three decades and supported by vast industry network developed over these years
• Capital adequacy ratio of 20.85% and net NPA of 1.50% as of march FY'25
• Strong growth in AUM over the last fiscal to INR 4,513.88 crore in March'25 from INR 3,774 crore in Mar'24 and a Net Worth of INR 988.51 Crore
• Sustained improvement in asset quality along with improvement in delinquencies in softer buckets. 

Overview

IKF Finance Ltd. (IKF) is registered with the RBI as a Non-Deposit Accepting Non-Banking Finance Company. It is classified as an asset financing company with a focus on vehicles financing. It was incorporated in 1991 as Indra Keela Financiers Private Limited and was converted into a Public Limited Company in 1994 when the name was changed to IKF Finance & Investments Limited. The Company went for a public issue in 1995, a Rights Issue in 1998 and a Preferential Issue in 2003, 2007 & 2011. The company caters to the needs of Small Road Transport Operators (SRTOs) by extending financial support for acquiring Commercial Vehicles.

Management

VGK Prasad (Founder & Chairman)

Mr. Prasad is a veteran in Vehicle Finance business in the state of Andhra Pradesh with three decades of rich experience in the field of Finance and Management. Mr. Prasad has contributed a lot in institutionalizing the Automobile finance business operated by individuals in Andhra Pradesh. Mr. Prasad has presided over the Krishna District Auto Financiers Association, considered to be one of the strongest and most organized Financiers Association in India, for quite a considerable period. Mr. Prasad has occupied various positions in the Federation of Indian Hire Purchase Associations (FIHPA), the Apex body of Asset Financing Companies, and has acted as the Secretary General till 2010 and as President till 2012.

Mr. Prasad has always been a strong advocate for Retail lending since times, which caught the fancy of the Banks and favoured retail automobile loans later, which kept IKF Finance it ahead of its contemporaries. To beat the intense competition in Automobile finance sector and to enhance the scope of operations of IKF Finance, Mr. Prasad has partnered long back with industry giants like BHPC of TELCO, HDFC Bank, Sundaram Finance etc.  Mr. Prasad always strives for excellence in customer service as he strongly believes that growth driver of any business is customer satisfaction.  Before promoting M/s. IKF Finance Limited, he was associated with various Vehicle finance firms as a Managing Partner for over a decade.

Besides IKF Finance Limited, Mr. Prasad has promoted IKF Home Finance Limited (Formerly IKF Financial Services (P) Limited, which got CoR from NHB in April 2016, and IKF Infratech (P) Limited.

Vasumathi Devi Koganti (Managing Director)

She has nine years of working experience in IT and Telecommunications and served various US companies and 8 years in NBFC. She joined the Company in 2006 and has gained expertise in Business Development, Operations management, Credit & Risk etc. over the last 12 years.  She was instrumental in expanding the operations of the Company to Western & Central India.  She was also instrumental in upgrading the IT Infrastructure of the Company and involved in automation of various Processes Educational Background BE (Electronics & Communications), MBA (Global Management) (USA).

Rama Raju (CEO)

Ex CEO of AML Finance (wholly – owned subsidiary of Automotive Manufacturers Ltd) Ex Zonal Business Head of SREI, managing INR 50 bn portfolio, Ex Kotak Mahindra Bank, Ex Tata Finance Ltd Leading the efforts to further professionalize the team, creating systems and process for next phase of growth Has successfully recruited several senior management team members from the industry across verticals.

Key Financials- FY25:

All figures in INR crore

The prominent lenders in IKF Finance Limited are:

Banks:

·       Axis Bank

·       Central Bank of India Limited

·       Indian Overseas Bank

·       HDFC Bank

·       IDFC Bank

·       Piramal Capital Housing Finance

·       Mudra Finance Limited

FI (NBFC):

·       Vistra Itcl (India) Limited

·       Vupputuri Gopala Kishan Prasad

·       Tata Capital Financial Services Limited

Explore corporate bonds below for IKF Finance

Above mentioned corporate bond details are as of Date: 20.08.2025

Disclaimer:

Investments in debt securities/municipal debt securities/securitized debt instruments are subject to risks including delay and/or default in payment. Read all the offer-related documents carefully.