What does JRD Finance Limited do?

JRD Finance Limited is a Haryana-based financial services company operating as a Non-Banking Financial Company (NBFC). The company provides lending and financial services to businesses and individuals in Haryana and surrounding regions.

Where is JRD Finance Limited headquartered?

JRD Finance Limited is headquartered in Haryana and is registered with the Registrar of Companies, Haryana (CIN: U65910HR1994PLC031456). Likely registered in one of Haryana's major commercial centres such as Gurugram, Faridabad, or Ambala.

When was JRD Finance Limited incorporated?

JRD Finance Limited was incorporated in 1994, making it a mature NBFC with over 30 years of operational history in Haryana's financial services market.

Is JRD Finance Limited regulated by RBI?

Finance companies operating under NIC 65910 that meet asset/income thresholds are regulated by RBI as NBFCs. JRD Finance Limited is likely registered or formerly registered with RBI as a non-deposit-taking or deposit-taking NBFC.

Is JRD Finance Limited listed on a stock exchange?

No, JRD Finance Limited is an unlisted public limited company. Its shares are not listed on BSE or NSE and trade only in the unlisted/pre-IPO secondary market.

What is the ISIN of JRD Finance Limited?

The ISIN of JRD Finance Limited is INE517E01017.

How do I buy JRD Finance Limited 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 JRD Finance Limited?

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 JRD Finance Limited 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.

JRD Finance Limited Unlisted Share Price | Buy JRD Finance Limited Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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JRD Finance Limited Unlisted Share Price | Buy JRD Finance Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

JRD Finance Limited is a small, unlisted NBFC with a 30-year track record in Haryana's financial services market. While its longevity reflects operational resilience, the company's minimal public profile, face-value share price of INR 10, and the competitive dynamics of modern NBFC lending paint a modest picture. The primary investment thesis would rely on Haryana's economic growth translating into improved loan book quality and growth, which remains difficult to assess without public financial disclosures.

Pros

Registered under NIC code 65910 (Other financial service activities) in Haryana, indicating NBFC-type lending or financial services operations
Haryana-based finance company benefits from one of India's fastest-growing states with strong industrial, agricultural, and real estate sectors driving credit demand
Incorporated in 1994 — over 30 years of operational existence through multiple economic cycles demonstrates organisational durability
Haryana's proximity to Delhi NCR and major industrial corridors (IMT Manesar, Faridabad, Gurugram) provides access to a robust MSME and corporate borrower base
NBFC sector in India continues to grow as an important complement to banking in serving credit gaps in semi-urban and rural markets

Cons

Share price at INR 10 (face value level) suggests limited market confidence and near-zero market premium
Small unlisted NBFC with no visible public presence, making financial health and asset quality extremely opaque
Haryana's NBFC landscape is competitive, with both national NBFCs and local finance companies serving similar segments
Small NBFCs face structural funding disadvantages: higher cost of funds, limited access to capital markets, and vulnerability to credit tightening
Post-IL&FS, RBI's scale-based regulation for NBFCs has increased compliance requirements, disproportionately burdening smaller entities

Business Segments

MSME & Business Lending

Providing working capital loans, machinery loans, and business term loans to small and medium enterprises in Haryana's industrial and agricultural sectors.

Retail & Personal Finance

Providing consumer loans, personal loans, and small-ticket credit products to salaried employees and self-employed individuals in Haryana's semi-urban and urban markets.

Treasury & Investment Activities

Management of surplus funds through investment in government securities, fixed deposits, and other permissible instruments as part of NBFC portfolio management.

Revenue Model

JRD Finance Limited generates revenue through net interest income from its lending portfolio — the spread between rates charged to borrowers and the cost of funds raised through bank credit lines, term loans, and other borrowings. Loan processing fees and documentation charges provide supplementary income. The company's revenue is driven by the size and quality of its loan book, yield on advances, and cost of borrowings.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds12

Growth Plans

Haryana's rapid industrialisation along the Delhi-Mumbai Industrial Corridor (DMIC) driving MSME credit demand

Digital lending technology enabling JRD Finance to reduce customer acquisition costs and improve credit assessment efficiency

Government credit guarantee schemes (CGTMSE, ECLGS) reducing credit risk for MSME lending

Gurugram and Faridabad emerging as major NCR business hubs generating high-quality retail and business borrower pools

Recent Developments

RBI Scale-Based Regulation compliance

Under RBI's Scale Based Regulation (SBR) framework for NBFCs, smaller finance companies in the base layer (total assets below INR 1,000 crore) are required to enhance governance standards, board composition, and risk management frameworks.

2024

Haryana MSME credit demand growth

Haryana's MSME sector, particularly in manufacturing (auto components, textiles, agro-processing) and services (IT, logistics), continued to show strong credit demand, supporting regional NBFCs' lending volumes.

2023

Rising cost of funds for small NBFCs

RBI's repo rate hikes from 4% to 6.5% in 2022-23 increased bank borrowing costs for NBFCs; smaller finance companies like JRD Finance faced margin compression as lending rates lagged funding cost increases.

2022

Comparable Companies

CompanyTypeTickerMkt Cap

Shriram Finance LimitedListedSHRIRAMFIN~INR 1,00,000 Cr

Cholamandalam Investment and Finance Company LimitedListedCHOLAFIN~INR 90,000 Cr

Mahindra & Mahindra Financial Services LimitedListedM&MFIN~INR 25,000 Cr

Hero FinCorp LimitedListedUnlisted~INR 12,000 Cr (estimated)

Frequently Asked Questions

About JRD Finance Limited

JRD Finance Limited is a Haryana-based Non-Banking Financial Company (NBFC) incorporated in 1994, registered with the Reserve Bank of India to provide lending and financial services to retail and small business customers in the National Capital Region and Haryana. The company offers loan products including personal loans, vehicle finance, small business loans, and general credit facilities to underserved segments not fully catered to by mainstream banking institutions. Haryana, neighboring Delhi, is one of India's most industrially advanced states with thriving manufacturing clusters including the automotive hub in Gurgaon-Manesar (Maruti Suzuki, Hero MotoCorp), textile manufacturing in Panipat, and IT services in Gurgaon-Faridabad corridor. JRD Finance operates in this dynamic economic environment, serving the financial needs of the working population, SME owners, and small traders across the state. The NBFC sector serves as a crucial credit delivery channel for India's semi-urban and rural population, complementing the formal banking system. RBI statistics indicate that NBFCs serve approximately 80 million borrowers who may not have access to formal banking credit. JRD Finance participates in this vital financial inclusion role with its localized presence and customer relationships built over three decades. The company maintains compliance with RBI's NBFC regulatory requirements including capital adequacy, asset classification, provisioning, and governance standards, ensuring a regulated operating framework for its financial activities.

Key Milestones

1994: JRD Finance Limited incorporated in Haryana — part of the post-liberalisation wave of NBFC formation in India

Common questions about unlisted shares

How do I buy JRD Finance Limited 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?

Risk factors & red flagsInvestment risks and items flagged from public filings10

Leverage & DebtMedium

Lending to MSMEs and retail borrowers in Haryana carries inherent default risk; economic slowdowns or agricultural distress in the region can trigger NPA spikes in the loan book.

Source: AlphaHub Research

Fraud / GovernanceLow

Small NBFCs are heavily reliant on bank borrowings; credit tightening, rating concerns, or sectoral risk aversion from banks can constrain liquidity and growth, as experienced sector-wide post-IL&FS.

Source: Media Reports / Public Records

Regulatory / LegalMedium

RBI's continuously evolving NBFC regulatory framework — including capital adequacy, NPA recognition, and ALM norms — creates compliance burden for smaller finance companies.

Source: Regulatory Filings

Fraud / GovernanceLow

Haryana's proximity to Delhi NCR means large national NBFCs (Bajaj Finance, HDFC Ltd, Shriram Finance) and digital lenders compete aggressively in the same segments targeted by JRD Finance.

Source: Media Reports / Public Records

Fraud / GovernanceLow

With a share price at INR 10 face value and unlisted status, JRD Finance's equity is effectively illiquid. Investors face significant barriers to exiting their holdings.

Source: Media Reports / Public Records

Credit Risk

Lending to MSMEs and retail borrowers in Haryana carries inherent default risk; economic slowdowns or agricultural distress in the region can trigger NPA spikes in the loan book.

Funding Risk

Small NBFCs are heavily reliant on bank borrowings; credit tightening, rating concerns, or sectoral risk aversion from banks can constrain liquidity and growth, as experienced sector-wide post-IL&FS.

Regulatory Risk

RBI's continuously evolving NBFC regulatory framework — including capital adequacy, NPA recognition, and ALM norms — creates compliance burden for smaller finance companies.

Competition Risk

Haryana's proximity to Delhi NCR means large national NBFCs (Bajaj Finance, HDFC Ltd, Shriram Finance) and digital lenders compete aggressively in the same segments targeted by JRD Finance.

Liquidity Risk

With a share price at INR 10 face value and unlisted status, JRD Finance's equity is effectively illiquid. Investors face significant barriers to exiting their holdings.

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