Arka Fincap Ltd ('Arka') is a non-deposit taking, non-banking financial company (Middle Layer) headquartered in Mumbai. It was incorporated as Kirloskar Capital Limited on 20th April, 2018 as a Public Limited company under the Companies Act, 2013. It changed its name to Arka Fincap Limited as on 28th June, 2019. The company is a professionally managed organization part of the Kirloskar Group, primarily engaged in providing structured term financing solutions to corporates, real estate & urban infra financing, loans to MSME and personal finance loans to borrowers in India. Arka’s distribution network included approximately 150 personnel in its in-house sales team, and approximately 700 third-party direct sales associates and other third-party intermediaries who are empaneled with Arka. It also has tie-ups with 4 fintech companies and 2 NBFCs for co-lending. It is present in 11 states i.e. Maharashtra, Karnataka, Delhi, Tamil Nadu, Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Andhra Pradesh Telangana and Gujarat and operate out of 26 branch offices. Its total loan book as of Sep’23, Mar’23, Mar’22 and Mar’21 was ₹ 4,03,318.83 lakhs, ₹ 3,96,027.04 lakhs, ₹ 2,37,987.91 lakhs and ₹ 1,12,433.35 lakhs, respectively. Arka’s total revenues from operations have grown to ₹ 37,066.31 lakhs for the FY23 from ₹ 10,188.51 lakhs for FY21 at a CAGR of 90.74% and net profit has grown to ₹ 6,136.46 lakhs for the FY23 from ₹ 1,688.34 lakh for FY21 at a CAGR of 90.65%. Its total revenue and net profit for the quarter and half year ended Sept’23 (unaudited) was ₹ 25,472.63 lakhs and ₹ 3,531.67 lakhs, respectively. As of Sep’23 and Mar’23, its GNPAs accounted for 0.19% and 0.01% of Gross Advances, respectively. There was no GNPA in FY22 and FY21. Further, as of Sep’23 and Mar’23, NNPAs accounted for 0.05% and 0.00% respectively, of Gross Advances. There was no NNPAs in FY22 and FY21. Its average cost of borrowings as on Sep’23, Mar’23, Mar’22 and Mar’21 was 9.60%, 9.35%, 8.70% and 9.27%, respectively.