{"id":8704,"date":"2024-10-01T11:06:13","date_gmt":"2024-10-01T11:06:13","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=8704"},"modified":"2026-04-14T06:36:00","modified_gmt":"2026-04-14T06:36:00","slug":"dvara-kshetriya-gramin-financial-services-private-limited","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/investment-guide\/dvara-kshetriya-gramin-financial-services-private-limited\/","title":{"rendered":"Dvara Kshetriya Gramin Financial Services Private Limited"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/dvara-kshetriya-gramin-financial-services-private-limited\/#High_Yield_BBBStable_Minimum_Investment_10k_Only\" >High Yield\u00a0|\u00a0BBB+\/Stable\u00a0|\u00a0Minimum Investment: 10k Only<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/dvara-kshetriya-gramin-financial-services-private-limited\/#_Backed_by_Dvara_Trust_the_founders_of_Northern_Arc_Capital\" ># Backed by Dvara Trust, the founders of Northern Arc Capital<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/dvara-kshetriya-gramin-financial-services-private-limited\/#Dvara_Kshetriya_Gramin_Financial_Services_Private_Limited_Coupon_rates_and_effective_yield\" >Dvara Kshetriya Gramin Financial Services Private Limited :Coupon rates and effective yield\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/dvara-kshetriya-gramin-financial-services-private-limited\/#Redemption_Schedule\" >Redemption Schedule<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/dvara-kshetriya-gramin-financial-services-private-limited\/#Financial_Overview\" >Financial Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/dvara-kshetriya-gramin-financial-services-private-limited\/#Ratio_Analysis\" >Ratio Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/dvara-kshetriya-gramin-financial-services-private-limited\/#Issue_analysis\" >Issue analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/dvara-kshetriya-gramin-financial-services-private-limited\/#To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\" >To get better returns than Bank FDs, invest in NCD-IPOs online.\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/dvara-kshetriya-gramin-financial-services-private-limited\/#About_Dvara_Kshetriya_Gramin_Financial_Services_Private_Limited\" >About Dvara Kshetriya Gramin Financial Services Private Limited<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/dvara-kshetriya-gramin-financial-services-private-limited\/#Invest_in_Bond_IPO_online_in_just_5_minutes\" >Invest in Bond IPO online in just 5 minutes<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"High_Yield_BBBStable_Minimum_Investment_10k_Only\"><\/span><strong>High Yield\u00a0|\u00a0BBB+\/Stable\u00a0|\u00a0Minimum Investment: 10k Only<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"_Backed_by_Dvara_Trust_the_founders_of_Northern_Arc_Capital\"><\/span><strong> # Backed by Dvara Trust, the founders of Northern Arc Capital<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Dvara Kshetriya Gramin Financial Services Private Limited is issuing the Non-Convertible<a href=\"https:\/\/goldenpi.com\/blog\/essentials\/what-are-debentures-explained\/\"> Debentures<\/a> via Private placement. These NCDs are <\/span><span style=\"font-weight: 400;\">BBB+\/Stable<\/span><span style=\"font-weight: 400;\"> rated by CRISIL. The NCDs are being issued with a tenure of 27 months. The NCDs are secured and redeemable in nature.<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-8714 aligncenter\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01110339\/Screenshot-2024-10-01-163309.png\" alt=\"\" width=\"682\" height=\"585\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01110339\/Screenshot-2024-10-01-163309.png 682w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01110339\/Screenshot-2024-10-01-163309-300x257.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01110339\/Screenshot-2024-10-01-163309-585x502.png 585w\" sizes=\"(max-width: 682px) 100vw, 682px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dvara_Kshetriya_Gramin_Financial_Services_Private_Limited_Coupon_rates_and_effective_yield\"><\/span><b>Dvara Kshetriya Gramin Financial Services Private Limited :<\/b><b>Coupon rates and effective yield\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"size-large wp-image-8707 aligncenter\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104209\/Picture1-1-1024x423.png\" alt=\"\" width=\"1024\" height=\"423\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104209\/Picture1-1-1024x423.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104209\/Picture1-1-300x124.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104209\/Picture1-1-768x317.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104209\/Picture1-1-1536x635.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104209\/Picture1-1-2048x846.png 2048w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104209\/Picture1-1-1170x484.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104209\/Picture1-1-1920x793.png 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104209\/Picture1-1-585x242.png 585w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Redemption_Schedule\"><\/span><b>Redemption Schedule<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For every 10,000 invested-<\/p>\n<p><img decoding=\"async\" class=\"size-large wp-image-8706 aligncenter\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104120\/Picture2-835x1024.png\" alt=\"\" width=\"835\" height=\"1024\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104120\/Picture2-835x1024.png 835w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104120\/Picture2-245x300.png 245w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104120\/Picture2-768x942.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104120\/Picture2-1252x1536.png 1252w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104120\/Picture2-1669x2048.png 1669w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104120\/Picture2-1170x1435.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104120\/Picture2-585x718.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104120\/Picture2.png 1909w\" sizes=\"(max-width: 835px) 100vw, 835px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Overview\"><\/span><b>Financial Overview<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h4><b>Snapshot stating the Revenue, Expenses, Net Worth and PAT (In crores)<\/b><\/h4>\n<p><img decoding=\"async\" class=\"size-large wp-image-8708 aligncenter\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104240\/Picture6-1024x622.png\" alt=\"\" width=\"1024\" height=\"622\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104240\/Picture6-1024x622.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104240\/Picture6-300x182.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104240\/Picture6-768x467.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104240\/Picture6-1536x934.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104240\/Picture6-1170x711.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104240\/Picture6-585x356.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104240\/Picture6.png 1652w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h4><b>Cash flow for last few years (In crores)<\/b><\/h4>\n<p><img decoding=\"async\" class=\"size-full wp-image-8764 aligncenter\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/08131411\/Screenshot-2024-10-01-131753-1.png\" alt=\"\" width=\"743\" height=\"402\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/08131411\/Screenshot-2024-10-01-131753-1.png 743w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/08131411\/Screenshot-2024-10-01-131753-1-300x162.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/08131411\/Screenshot-2024-10-01-131753-1-585x317.png 585w\" sizes=\"(max-width: 743px) 100vw, 743px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Cash flow refers to the movement of cash in and out of the business at a specific point in time. It represents the net balance of the cash movement.<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">*Cash flow from operating activities reflects the amount a company generates through its product of services.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">**Cash flow from investing activities reflects cash generated and spent relating to investing activities, like purchase of assets, sales of securities etc.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><span style=\"font-weight: 400;\">***Cash flow from financing activities gives an insight into the financial stability of a company to its investors. It reflects <\/span><span style=\"font-weight: 400;\">the net flows of cash that are used to fund the company.<\/span><\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ratio_Analysis\"><\/span><b>Ratio Analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"size-full wp-image-8710 aligncenter\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104403\/Table.png\" alt=\"\" width=\"901\" height=\"692\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104403\/Table.png 901w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104403\/Table-300x230.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104403\/Table-768x590.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104403\/Table-585x449.png 585w\" sizes=\"(max-width: 901px) 100vw, 901px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Issue_analysis\"><\/span><b>Issue analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h4><strong>Pros\u00a0<\/strong><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The <a href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-are-high-yield-bonds-2\/\">yield<\/a> offered is up to 12% which is much higher than many traditional fixed-income investments like FDs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The NCDs are BBB+\/Stable by CRISIL, ensuring safer investments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The company maintains a good Capital Adequacy Ratio, indicating that it has a sufficient capital buffer to absorb unexpected losses.\u00a0<\/span><\/li>\n<\/ul>\n<h4><strong>Cons<\/strong><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Negative Cashflow<\/span><\/li>\n<\/ul>\n<h4><b>Liquidity<\/b><\/h4>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Liquidity Cover<\/b><span style=\"font-weight: 400;\">: As of August 31, 2024, the company had a <a href=\"https:\/\/goldenpi.com\/blog\/sovereign-gold-bond\/how-do-sovereign-gold-bonds-offer-liquidity-to-investors\/\">liquidity<\/a> cover of 1.18x over its upcoming debt obligations for the next two months, assuming 75% collection efficiency.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cash Reserves<\/b><span style=\"font-weight: 400;\">: The company held \u20b9243 crore in cash, liquid investments, and unutilized debt facilities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Debt Obligations<\/b><span style=\"font-weight: 400;\">: Against the cash reserves, the company faced debt obligations of \u20b9307 crore for the period through October 2024.<\/span><\/li>\n<\/ol>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\"><\/span><a href=\"https:\/\/goldenpi.com\/bond-better-return-fds\"><b>To get better returns than Bank FDs, invest in NCD-IPOs online.\u00a0<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_Dvara_Kshetriya_Gramin_Financial_Services_Private_Limited\"><\/span><b>About <\/b><b>Dvara Kshetriya Gramin Financial Services Private Limited<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Dvara Kshetriya Gramin Financial Services Private Limited<\/b><span style=\"font-weight: 400;\"> (Dvara KGFS), founded in 2008 by Dvara Trust, focuses on providing secured and unsecured loans to underserved rural areas in India. With over 95% of its portfolio in Joint Liability Group (JLG) loans and unsecured enterprise loans, the company plays a vital role in rural financing. Operating across 10 Indian states with 395 branches, Dvara KGFS serves more than 1.2 million customers in 21,641 villages, offering interest rates between 24.5% and 29% on its loan products to meet diverse financial needs.<\/span><\/p>\n<h4><strong>Financials as on 30th June 2024<\/strong><\/h4>\n<p><img decoding=\"async\" class=\"alignnone size-large wp-image-8712\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104727\/Picture3-1-1024x146.png\" alt=\"\" width=\"1024\" height=\"146\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104727\/Picture3-1-1024x146.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104727\/Picture3-1-300x43.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104727\/Picture3-1-768x110.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104727\/Picture3-1-585x83.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104727\/Picture3-1.png 1142w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h4><strong>Shareholding Pattern<\/strong><\/h4>\n<p><img decoding=\"async\" class=\"size-large wp-image-8713 aligncenter\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104803\/Picture7-1024x583.png\" alt=\"\" width=\"1024\" height=\"583\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104803\/Picture7-1024x583.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104803\/Picture7-300x171.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104803\/Picture7-768x437.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104803\/Picture7-1536x874.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104803\/Picture7-2048x1165.png 2048w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104803\/Picture7-1170x666.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104803\/Picture7-1920x1092.png 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/01104803\/Picture7-585x333.png 585w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h4><b>Strengths<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>AUM Growth<\/b><span style=\"font-weight: 400;\">: The company\u2019s Assets Under Management (AUM) grew 27% YoY to \u20b92,251 crore by March 2024, with a further rise to \u20b92,342 crore by June 2024. Disbursements grew by 17%.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Strategic Acquisition<\/b><span style=\"font-weight: 400;\">: Acquiring 25.9% stake in Saija Finance in FY22 diversified its geographic reach.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Asset Quality<\/b><span style=\"font-weight: 400;\">: GNPA stood at 3.2% by June 2024, improving from 4.0% in March 2023.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Average collection efficiency<\/b><span style=\"font-weight: 400;\">: 1 st quarter- 2025- 96%, lower than last quarter of 97.5%. Reason- factor of external challenges like heat wave, elections and otherground level issues which surfaced during the quarter<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Profitability<\/b><span style=\"font-weight: 400;\">: FY24 PAT was \u20b948 crore, RoMA at 1.9%, improving from \u20b914 crore in the prior year. This improvement was a factor of improvement in yield and overall streamlining and increase inefficiency of operations. For Q1 2025, the company reported a PAT of Rs 12.0 crore and RoMA of 1.7% (annualized).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Networth and Tier I capital adequacy ratio <\/b><span style=\"font-weight: 400;\">of 16.1% as on June 30, 2024 vis-a -vis Rs 388 crore and 17.2%, respectively, as on March 31, 2024.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Gearing<\/b><span style=\"font-weight: 400;\">: The company\u2019s book gearing rose to 4.7x by June 2024 as compared to 4.3 times, as on March 31, 2023<\/span><\/li>\n<\/ul>\n<h4><b>Weakness<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Write-Offs<\/b><span style=\"font-weight: 400;\">: Over the last three fiscals (up to March 2024), the company wrote off approximately \u20b9150 crore in bad loans.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Portfolio Health<\/b><span style=\"font-weight: 400;\">: Only about 7% of the loan book is over 90 days past due (dpd), reflecting controlled delinquency.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Loan Distribution<\/b><span style=\"font-weight: 400;\">: 82.8% of the portfolio consists of Joint Liability Group (JLG) loans, with the remainder in enterprise loans and other products.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Geographical Concentration<\/b><span style=\"font-weight: 400;\">: Tamil Nadu accounts for 49% of the portfolio, followed by Bihar with 14% as of June 2024.<\/span><\/li>\n<\/ul>\n<h1 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Invest_in_Bond_IPO_online_in_just_5_minutes\"><\/span><a href=\"https:\/\/goldenpi.com\/bond-ipo-online\"><b>Invest in Bond IPO online in just 5 minutes<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><span style=\"font-weight: 400;\"><strong>Source-<\/strong> Prospectus September 26, 2024<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Disclaimer-<\/strong> The information is published as on date 10\/04\/2024 based on information available on Prospectus September 26, 2024. The information may be subject to change in case of change in terms of prospectus or any other reason as the case maybe. Contents which are exclusively for educational information\/knowledge sharing on capital market concepts and has no influence the investment\/sale decisions of any investors<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>Latest Updated: 23-02-2026<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>High Yield\u00a0|\u00a0BBB+\/Stable\u00a0|\u00a0Minimum Investment: 10k Only # Backed by Dvara Trust, the founders of Northern Arc Capital Dvara Kshetriya Gramin Financial Services Private&hellip;<\/p>\n","protected":false},"author":4,"featured_media":12204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[],"class_list":["post-8704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-guide"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dvara Kshetriya Gramin Financial Services Private Limited - GoldenPi | Blogs<\/title>\n<meta name=\"description\" content=\"Dvara Kshetriya Gramin Financial Services Private Limited\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/dvara-kshetriya-gramin-financial-services-private-limited\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dvara Kshetriya Gramin Financial Services Private Limited - GoldenPi | Blogs\" \/>\n<meta property=\"og:description\" content=\"Dvara Kshetriya Gramin Financial Services Private Limited\" \/>\n<meta property=\"og:url\" content=\"https:\/\/goldenpi.com\/blog\/investment-guide\/dvara-kshetriya-gramin-financial-services-private-limited\/\" \/>\n<meta property=\"og:site_name\" content=\"GoldenPi | Blogs\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/goldenpitech\" \/>\n<meta property=\"article:author\" content=\"goldenpitech\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-01T11:06:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-14T06:36:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/10\/26101057\/Dvara-Kshetriya-Gramin-Financial-Services-Overview.png\" \/>\n\t<meta property=\"og:image:width\" content=\"731\" \/>\n\t<meta property=\"og:image:height\" content=\"347\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Abhijit Roy, CEO &amp; 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