Ashika Credit Capital has released its audited financial results for FY25, reporting a net loss of ₹51.42 crore, largely due to mark-to-market losses amounting to ₹50.42 crore. This contrasts with a net profit of ₹10.72 crore reported in FY24, attributed to market volatility and fair value adjustments.
Despite the financial dip, the company announced several high-impact strategic developments. Most notably, it has received the Reserve Bank of India’s approval to merge with its group entity, Ashika Global Securities Pvt. Ltd. (AGSPL), which holds an estimated fair value of ₹12,443 crore. Pending National Company Law Tribunal (NCLT) clearance, Ashika Credit Capital will become the holding company for AGSPL’s businesses, including stock broking, AIFs, wealth management, and operations within GIFT City’s IFSC zone.
Additionally, the company has secured regulatory approval for a proposed merger with Yaduka Financial Services, a non-banking financial company with a net worth of ₹80 crore. Ashika plans to submit the merger application to the NCLT soon.
Demonstrating strong investor confidence, the company successfully raised over ₹500 crore during the fiscal year. This capital infusion will strengthen its balance sheet and support both organic and inorganic growth strategies.
Ashika has also launched a new subsidiary—Ashika Private Equity Advisors Pvt. Ltd.—which will manage a proposed Category II AIF, pending SEBI approval.
Commenting on the developments, CEO Chirag Jain reaffirmed the company’s long-term vision to build a resilient and diversified financial institution.
