BSE-listed non-banking financial company Credent Global Finance Ltd has successfully raised ₹30 crore through a qualified institutional placement (QIP), as reported by The Economic Times. The fundraising was completed with Socradamus Capital Pvt Ltd acting as the Sole Book Running Lead Manager (BRLM) to the issue. The company stated that the completion of QIP reinforces investor confidence in its evolving financial services platform and long-term growth strategy, with the fundraising expected to support the company's expansion strategy and capital allocation initiatives.
The fundraising follows exceptional quarterly results for the company. According to The Economic Times, revenue from operations for the quarter ended December 31, 2025, stood at ₹25.74 crore, compared with ₹2.94 crore in the corresponding period last year, marking a 775% year-on-year growth. Net profit surged to ₹18.02 crore in Q3FY26 from ₹0.47 crore a year earlier—a 38-fold increase. This sharp surge in quarterly earnings has strengthened the company's growth capital base and provided the foundation for the QIP fundraising.
Separately, Credent Global Finance has appointed Vikas Kataria as executive director, as reported by The Economic Times. This appointment is aimed at bolstering leadership bandwidth as the company enters its next phase of growth. The company stated that with enhanced capital, strategic exposure in high-potential segments, and a strengthened leadership team, it is well-positioned to scale sustainably and deliver long-term stakeholder value.
The QIP fundraising comes amid broader market volatility, with Indian markets experiencing significant declines on Friday. As per The Economic Times, the BSE Sensex dropped 961 points, or 1.17%, to close at 81,287, with investors losing about ₹4.98 lakh crore in market value due to foreign fund outflows and global uncertainties. However, the company's strong financial performance and successful QIP completion position it well for future growth opportunities, particularly as market sentiment improves following positive economic indicators.
According to The Economic Times, Aditya Vikram Kanoria, managing director of Credent Global Finance, stated that the successful QIP and record quarterly financial performance reflect the strength of their platform and disciplined execution strategy. He emphasized that their investment philosophy remains opportunity-driven and risk-calibrated, with the fundraising expected to support the company's expansion strategy and capital allocation initiatives. The company's leadership highlighted that the QIP provides a quicker, less expensive alternative to public offerings, offering flexibility in valuation with minimal regulatory intervention.
