What does Credifin Limited do?

Credifin Limited is a Jalandhar-based NBFC that provides lending and financial services including loans (personal, business, and commercial), investment products, and financial advisory services to retail and MSME customers in Punjab and neighbouring regions.

Is Credifin Limited registered with the RBI?

As an NBFC incorporated under CIN L65110PB1992PLC012488, Credifin Limited should be registered with the Reserve Bank of India as a non-banking financial company. RBI registration is mandatory for NBFC operations in India.

When was Credifin Limited incorporated?

The company was incorporated in 1992 in Punjab, as reflected in its CIN (L65110PB1992PLC012488).

Is Credifin Limited listed on a stock exchange?

No, the company is unlisted. Shares trade informally in the unlisted market at approximately ₹17 per share.

What is the significance of Credifin's Jalandhar base?

Jalandhar is one of Punjab's major commercial and industrial cities, renowned for manufacturing of sports goods, hand tools, leather goods, and engineering products. This industrial base creates consistent demand for MSME working capital and business loans, which is a key target market for regional NBFCs like Credifin.

How do I buy Credifin unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Credifin?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Credifin shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Credifin Unlisted Share Price | Buy Credifin Pre-IPO Shares — wisefolio

Investment Thesis

Credifin Limited is a 30-year-old Punjab-based NBFC with an established regional presence in Jalandhar's commercial lending market. Its long operating history and RBI-registered status provide legitimacy, but the low unlisted share price of ₹17 suggests limited scale and profitability relative to sector peers. Punjab's strong MSME and consumer credit demand provides a supportive macro backdrop. Investors should obtain MCA filings, RBI registration details, and audited financial statements to assess asset quality, capital adequacy, and profitability before any investment consideration.

Pros

Over 30 years of NBFC operations since 1992 with established presence in Punjab's credit market
Punjab is one of India's highest per capita income states, supporting strong consumer and MSME credit demand
RBI-registered NBFC status provides regulatory legitimacy and access to institutional funding lines
Established relationships in Jalandhar's industrial and commercial ecosystem — the city is a major hub for sports goods, hand tools, and light engineering manufacturing
Long operating history provides institutional knowledge of local credit dynamics and customer behaviour

Cons

Very low unlisted share price of ₹17 suggests limited scale or investor interest relative to larger NBFCs
Punjab NBFC market is competitive with regional co-operative banks, small finance banks, and national NBFC players competing for the same customer base
Limited public financial disclosures make it difficult to assess asset quality, capital adequacy, and profitability
As a small, unlisted NBFC, access to low-cost funding from banks and capital markets is more constrained than larger peers
Punjab's agricultural economy is susceptible to agri-distress cycles that can increase NBFC NPAs in rural lending portfolios

Business Segments

Retail Lending

Personal loans, consumer finance, and retail credit products to individual borrowers in Punjab and surrounding regions

MSME & Business Loans

Loans to micro, small, and medium enterprises in Jalandhar's industrial clusters — including sports goods, hand tools, and light engineering sectors

Investment & Financial Services

Investment products, fixed deposits, and financial services for retail customers seeking wealth management and savings solutions

Revenue Model

Credifin Limited generates revenue primarily through net interest income (NII) — the spread between the interest rate charged on loans disbursed and the cost of funds (borrowings from banks, NCDs, and fixed deposits). Additional income is earned through processing fees, prepayment charges, and investment returns on owned assets. Revenue is driven by loan book size, asset quality, and interest spread management.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds12

Growth Plans

Punjab's MSME sector growth driving demand for business and working capital loans

Government credit guarantee schemes (CGTMSE) enabling NBFCs to extend credit to underserved MSMEs

India's financial inclusion agenda expanding the addressable credit market in Punjab's semi-urban and rural areas

Potential consolidation in the NBFC sector creating acquisition opportunities for strategic investors

Industry Tailwinds

Recent Developments

RBI NBFC regulatory tightening

The Reserve Bank of India continued to tighten NBFC regulations in 2024, including enhanced provisioning requirements, revised capital adequacy norms, and stricter guidelines on co-lending. Small regional NBFCs like Credifin face compliance costs from these evolving regulations.

2024-04

Punjab MSME credit demand

Punjab's MSME sector — particularly manufacturing clusters in Jalandhar, Ludhiana, and Amritsar — continues to show healthy credit demand, supported by government MSME schemes and export growth from sports goods and engineering product clusters.

2024-01

Comparable Companies

CompanyTypeTickerMkt Cap

Muthoot FinanceListedMUTHOOTFIN~75,000 Cr

Manappuram FinanceListedMANAPPURAM~15,000 Cr

Arman Financial ServicesListedARMANFIN~1,200 Cr

Punjab & Sind BankListedPSB~10,000 Cr

Frequently Asked Questions

About Credifin

Credifin Limited (formerly PHF Leasing Limited) is a Punjab-based Non-Banking Financial Company (NBFC) incorporated on 20 July 1992 in Jalandhar, Punjab. The company provides a wide range of retail lending products including personal loans, educational loans, home loans, solar panel loans, water heater financing, and vehicle loans covering trucks, cars, rickshaws, and motorcycles. Credifin is registered as a Category 'B' NBFC with the Reserve Bank of India and is listed on the Metropolitan Stock Exchange of India (MSEI). Credifin's headquarters is at 87, Radio Colony, Jalandhar, Punjab — a city known as a hub for the NRI community in India, particularly given Punjab's large diaspora in Canada, UK, and the United States. The company has built a strong presence across northern and central India, operating in 14 states and union territories through 200+ locations with over 650 employees. The company has demonstrated significant growth in its lending portfolio. As of March 2025, Credifin's Assets Under Management (AUM) exceeded ₹375 crore — reflecting substantial growth from its earlier scale. Revenue for FY2023 was reported at ₹17.75 crore with a net worth of ₹27.24 crore. CRISIL has assigned Credifin a BBB- credit rating, indicating an adequate degree of safety for debt obligations. Credifin's strategic focus on underserved segments — vehicle loans for truckers and rickshaw operators, solar panel financing, and education loans — positions it to serve India's vast semi-urban and rural population that remains underbanked by commercial banks. The Punjab-based NBFC sector has a long tradition, and Credifin has built a multi-state franchise over its 30+ year history. The company's diversified loan book across vehicle, home, personal, and green energy segments provides resilience against sector-specific shocks.

Key Milestones

Incorporated in 1992 in Punjab as Credifin Limited (CIN: L65110PB1992PLC012488)

Common questions about unlisted shares

How do I buy Credifin unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?
Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

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