Dar Credit and Capital IPO Details

Dar Credit and Capital Limited (DCCL) is a public limited company incorporated on August 10, 1994, under the Companies Act, 1956, and is registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India since June 28, 2007. The company, headquartered in Kolkata with a regional office in Jaipur, operates through a strong network of branches across West Bengal, Rajasthan, Bihar, and Jharkhand, along with camp offices in Madhya Pradesh and Gujarat. DCCL is rated “CARE BBB-” (Stable) as of December 23, 2023, and its debentures have been listed on BSE Limited since February 17, 2021.

DCCL primarily focuses on providing credit solutions to underserved and underbanked segments of society, especially low-income individuals and micro, small, and medium enterprises (MSMEs). The company offers three key financial products: personal loans, unsecured MSME loans, and secured MSME loans. Personal loans are mainly targeted at class-IV municipal employees such as cleaners and sweepers. These loans range from ₹50,000 to ₹5,00,000 with repayment terms of 36 to 60 months at interest rates between 20% and 24%. DCCL has established formal tie-ups with municipalities in Rajasthan, Madhya Pradesh, and Gujarat to facilitate salary-based EMI deductions, ensuring secure and efficient loan recovery.

Unsecured MSME loans are offered to small business owners in rural and semi-urban areas of West Bengal, Bihar, and Jharkhand. These loans range from ₹10,000 to ₹2,00,000 with tenures up to one year and interest rates of 25.5% to 27%. They are designed to assist entrepreneurs who are typically excluded by Microfinance Institutions due to loan size or income restrictions and by banks due to lack of collateral. These loans are sourced through 27 strategically located branches that allow the company to build relationships within the communities and better serve their financial needs.

The company also offers secured MSME loans between ₹50,000 and ₹5,00,000 with repayment terms of up to 36 months and interest rates ranging from 24% to 27%. These loans provide flexible credit lines for working capital, equipment purchase, and business expansion. The secured nature of these loans makes them suitable for MSMEs looking to stabilize or grow their operations with access to structured funding.

DCCL has heavily invested in digital transformation to streamline operations, enhance customer experience, and ensure regulatory compliance. The company uses Vijay Software, developed by Qbent Technologies, as its core loan management system, supporting activities like risk management, collections, document processing, and field staff tracking. Its sourcing and collections are largely digitalized, leveraging mobile and tablet platforms to implement Straight Through Processing (STP), along with PAN validation, e-KYC, and credit bureau checks.