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Belstar Microfinance Limited
Belstar Microfinance Limited (BML) is a RBI registered NBFC and a subsidiary of Muthoot Finance Limited.
Sector Focus
Finance NBFC
Highest Credit Rating
AA Stable by CRISIL
Listing (Debt)
BSE
Date of NBFC License by RBI
2013
Business & Products
Lending- Micro Enterprise, Gold, SME, Consumption, Education & Emergency Loan
Promoter
Dr. Kalpana Sankar
Key Management Personnel
Mr. K. Venkataraman
Chairman and Independent Director, Ex - Karur Vysya Bank and SBI Global Factors
Dr. Kalpana Sankar
MD
Mr. Muralidharan L
CFO, Ex - Reliance Industries & IFMR Trust
Bonds issued by Belstar Microfinance Limited
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Financial Performance
ParticularsFY 2025 (Cr)FY 2024 (Cr)FY 2023 (Cr)
NET WORTH177117281092
REVENUE212418511037
PAT46339130
CRAR%24.9720.6421.97
GNPA%4.981.822.42
NNPA%0.430.170.66
GEARING (times)3.174.214.42
Credit Rating
Credit Rating AgencyRatingRating OutlookDate
CRISIL LIMITEDAAStable--
Top Lenders to Belstar Microfinance Limited
State Bank of India
Axis Bank Limited
Bank of Baroda
Kotak Mahindra Bank Limited
DBS Bank India Limited
ICICI Bank Limited
Punjab National Bank
HSBC
Strength
Strong Parentage Support
Healthy Capital Position
Highest rating in the MFI category
Diversified Resource Profile
Strong Liquidity position
Weakness
Susceptibility to political and regulatory environment
Impact of other disruptions
Geographically concentrated pool
Source:
Investor Presentation , Information Memorandum & Rating Rationale of Belstar Microfinance Limited