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KLM Axiva Finvest Limited Unlisted Shares
DRHP Status : YES
17.5
Fundamentals About KLM Axiva Finvest Limited
Downloads & Investor Documents
All documents are provided for informational purposes and are subject to regulatory disclosures.
Key Financials of KLM Axiva Finvest Limited
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Interest Earned | 124 | 179 | 275 | 306 |
| Other Income | 3 | 6 | 3 | 10 |
| Interest Expended | 73 | 104 | 143 | 155 |
| Operating Expenses | 44 | 63 | 110 | 130 |
| Provisions and contingencies | -1 | 0.6 | 1 | 0.4 |
| PAT | 7 | 11 | 18 | 23 |
| eps | 1.03 | 0.96 | 0.96 | 1.12 |
| Gross NPA | 6.56 | 0 | 0 | 1.6 |
| Net NPA | 4.77 | 2.64 | 0.78 | 0.67 |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Advances | 733 | 1058 | 1445 | 1705 |
| Book Value | 14.27 | 13.66 | 13.64 | 13.26 |
| P / B | 1.26 | 1.32 | 1.32 | 1.36 |
| ROE (%) | 7.22 | 7.02 | 7.07 | 8.44 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 33 | 53 | 115 | 124 |
| Cash and Balances | 34 | 324 | 112 | 68 |
| Investments | 0 | 0 | 0 | 0 |
| Advances | 733 | 1058 | 1445 | 1705 |
| Other Assets | 24 | 37 | 47 | 63 |
| Total Assets | 824 | 1472 | 1719 | 1960 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 67.9 | 114.8 | 186.72 | 205.4 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 29 | 42 | 68 | 67 |
| Borrowings | 264 | 728 | 886 | 834 |
| Deposits | 0 | 0 | 0 | 0 |
| Other Liabilities | 463.1 | 587.2 | 578.28 | 853.6 |
| Total Liabilities | 824 | 1472 | 1719 | 1960 |
About Company
The following table shows a 10-point analysis of KLM Axiva Finvest Limited. We will discuss each point in detail after this table.
| Parameter | Key Numbers | Insights |
|---|---|---|
| Business Overview | FY25 Revenue: ~₹332–341 Cr · PAT: ₹20 Cr · PAT Margin: ~5.9% | Non-deposit taking NBFC focused on microfinance, gold loans, personal loans, SME/MSME & other retail lending. Targets low/middle-income segments for financial inclusion. Digital + branch-based model. Strong presence in South India with emphasis on secured (gold) & micro segments. |
| Industry & Market Position | Mid-tier Retail/SME NBFC | Strong positioning in microfinance & gold loans. Benefits from inclusion focus & funding access. Diversified portfolio & risk management provide edge. Faces competition from larger NBFCs and MFIs. Exposure to unsecured loan stress & regulatory caps. |
| Revenue Growth Trend | FY23–FY25 CAGR: ~10–15% (₹279 Cr → ₹332–341 Cr) · FY25 YoY: ~8% | Moderate, consistent growth from loan book expansion & realizations. FY25 slowdown due to cautious lending & margin pressures. Resilient vs peers but moderated by asset quality & provisioning. |
| Profitability & Margins | ROE: ~8–9% · PAT Margin: ~5.9% (vs ~7.3% prior) | PAT declined ~12% YoY due to higher interest costs & provisions. Supported by operational efficiency & gold loan stability. Earnings quality moderate amid volatility. |
| Cash Flow Quality | OCF Positive · Limited/No Dividends | Adequate cash generation supporting debt & expansion. Lending operations are working-capital intensive. Quality fair with some strain from provisions. |
| Balance Sheet Strength | Total Assets: ~₹1,933 Cr · CAR: ~23–24% · Debt/Equity: ~3x | Strong capitalization via equity infusions & accruals. Comfortable CAR buffer. Diversified loan book reduces downside risk. Asset quality monitoring key (higher DPD in personal/MFI). |
| Valuation Comfort (Unlisted) | Price: ₹17–19 (Feb 2026) · P/E: ~16–20x · EPS: ₹0.78–1.1 · P/B: ~1.4x | Reasonable valuation for steady retail NBFC. Market Cap: ~₹370–464 Cr. Reflects margin pressure but offers value in inclusion focus & potential recovery. |
| Management & Governance | BBB/Stable Ratings (Acuite/CARE/India Ratings) | Promoter-led with professional management. Clean disclosures (Annual Reports, NCD prospectuses). Governance appears sound with stable ratings support. |
| Growth Triggers & Catalysts | Gold/micro loan recovery · Portfolio diversification · Asset quality improvement | Upside from credit demand in underserved segments & cost control. Funding access & efficiency key. Currently focused on NCD issuances rather than equity IPO. |
| Liquidity & Exit Visibility | OTC Trading Only · No Confirmed IPO/DRHP Plans | Limited liquidity in unlisted market. Exit via OTC or strategic interest. Liquidity risk present but supported by stable operations & ratings. |
KLM Axiva Finvest is a non-banking financial company (NBFC) registered with the RBI. It was originally incorporated as Needs Finvest Limited in 1997. Its main lending verticals are
- Gold loans (against household jewellery)
- Micro, Small & Medium Enterprises (MSME) loans
- Personal loans
- Microfinance loans
It also offers foreign exchange services, money transfer, and insurance brokerage. The company is focused on low- and middle-income individuals and business customers, especially those underserved by formal banking. As of March 31, 2024, it operates 670+ branches across six states: Kerala, Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Maharashtra.
Growth Drivers & Strengths
- Strong Gold-Loan Focus: A large share of its business comes from gold loans, which helps maintain collateralized lending.
- High Branch Coverage: 600+ branches in 6 states gives it good reach in south and mid-India.
- Diversified Lending: Not just gold, also MSME, microfinance, and personal loans.
- Strong Capital Raising History: The company has raised multiple secured NCDs.
- Experienced Leadership: Led by Shibu Theckumpurath Varghese (Whole-Time Director) with decades in lending.
- Geographic Expansion: Strengthening its footprint, for example, it opened its first regional office in Mumbai in 2023.
Risks & Challenges
- High Leverage: According to unlisted data, its debt/equity is high (~3.06), which could stress the balance sheet.
- Profit Volatility: Recent drop in quarterly PAT suggests possible margin or credit pressure.
- Geographical Concentration Risk: Significant presence in a few states could mean region-specific risk.
- Credit Risk: Exposure to microfinance and gold-lending may lead to credit risk if economic stress arises.
- Regulatory Risk: NBFCs are sensitive to regulatory changes, interest rates, and asset-quality norms.
NCD (Debt) Activity
- In July 2025, KLM Axiva launched its 12th public issue of secured NCDs for ₹150 crore. Tenors range from 400 days to 79 months, with yields from ~9.92% to ~11.30%.
- Earlier, in February 2023, it issued a ₹250 crore NCD (8th series) with similar rate ranges (9.50% – 10.75%) for various tenors.
- The NCDs are secured by its loan receivables, providing a fairly strong backing.
Quick Summary
KLM Axiva Finvest is a strong NBFC focused on gold loans, MSME lending, microfinance, and personal loans. It has grown its AUM rapidly, leverages a large branch network, and regularly raises capital via NCDs. However, its high leverage, regional concentration, and recent profit decline present challenges. For investors who want exposure to a mid-sized NBFC with tangible assets (gold) as collateral, KLM Axiva could be an interesting play — but it remains risky, especially in the unlisted space.
Shareholding Pattern of KLM Axiva Finvest Limited
| Name | Holding |
|---|---|
| Shibu T Varghese | 17.03% |
| Aleyamma Varghese | 5.62% |
| Other Investors | 60.94% |
| Elen Elu Shibu | 4.75% |
| Biji Shibu | 11.66% |
Promoters of KLM Axiva Finvest Limited
| Name | Designation | Linkedin Profile |
|---|---|---|
| Shibu Theckumpurath Varghese | Whole-Time Director, KLM Axiva |  |
| Jose Kutty Xavier | Director | |
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Frequently Asked Questions
KLM Axiva Finvest Limited unlisted shares refer to ownership in a privately held finance company specializing in lending and asset financing. These shares are not on NSE or BSE and are accessible via private market platforms like UnlistedKraft.
Yes, UnlistedKraft offers verified access to KLM Axiva Finvest Limited unlisted shares. After completing your KYC and placing your order, shares are typically credited to your demat account within 24 hours.
Unlisted shares come with risks such as limited liquidity and lower public disclosure. However, KLM Axiva Finvest is known for its focused lending business. Investing through UnlistedKraft ensures a secure, verified, and transparent transaction.
The price depends on recent private trades, the company’s financial health, lending track record, and overall demand. UnlistedKraft ensures pricing is updated regularly to reflect market fairness.
Yes, an active demat account is required to receive and hold unlisted shares such as those of KLM Axiva Finvest Limited.
There is no mandatory lock-in unless the company lists publicly. Most investors hold the shares until a liquidity event like an IPO or strategic sale for maximum potential gains.
Yes, you can resell your shares through UnlistedKraft’s resale network, depending on demand and availability of buyers in the market.
Yes. As per SEBI rules, pre-IPO investors must observe a six-month lock-in period once the company is listed.
If held for more than two years, long-term capital gains are taxed at 20 percent with indexation. If sold within two years, gains are treated as short-term and taxed according to your applicable income tax slab.
UnlistedKraft provides verified access to unlisted shares like KLM Axiva Finvest Limited, with transparent pricing, expert assistance, secure transactions, and fast delivery to your demat account, making it a trusted choice for private-market investing.
+91-9599071664
amit@unlistedkraft.in