1.Company Information
Incorporated in 2006, Mumbai based Indiabulls Commercial Credit Limited (ICCL) is a non-deposit taking NBFC. rIt is a 100% subsidiary of Indiabulls Housing Finance Limited (IHFL), one of the largest housing finance companies in India.
The company's primary focus is on long-term secured mortgage-backed loans. It offers loans against the property to salaried and self-employed individuals, small and medium-sized enterprises. It also offers mortgage loans to real estate developers in the form of lease rental discounting for commercial premises and construction finance for the construction of residential premises.
ICCL has a pan-India presence across with offices in Tier I, Tier II and Tier III cities. The company has a sales team of over 3,500 employees.
As of March 31, 2018, mortgage loans constitutes 98.21% of the company's Asset Under Management (AUM).
It has a diversified lender base including PSUs, private banks, provident funds, pension funds, and mutual funds.
2. Ratings
This issue is rated CRISIL/AAA-Stable by CRISIL and CARE/AAA-Stable by CARE. The ratings of the NCDs indicate the highest degree of safety regarding timely servicing of financial obligations.
3. IIFL Finance NCD September 2023 Registrar
KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32
Financial District, Nanakramguda, Gachibowli
Hyderabad, Telangana India - 500 032.
Phone:04067162222, 04079611000
Email:Email: einward.ris@karvy.com
