ICDS

Established in 1971, ICDS Limited was initially a Non-Banking Financial Company (NBFC) but has since shifted its business focus after stopping its fund-based operations. The company is actively seeking to re-establish its NBFC operations, having applied for a new Certificate of Registration from the RBI in July 2024. Recognizing risk as a fundamental part of its business, the company is committed to managing potential risks in a proactive and efficient way. Currently, its primary activities include recovering old dues, trading in shares and securities, earning rental income, and marketing insurance products for other companies. Its lending strategy focuses on traders with strong track records and loans for approved properties in specific districts, maintaining a prudent credit policy. The company achieved a remarkable financial turnaround, recording a profit after tax of ?155.59 lakhs compared to just ?6.30 lakhs in the previous year.;