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Incorporated in 1973, TCI Finance is a NBFC registered with the RBI. It offers various financial services like loan against shares, IP Valuation etc.
TCI Finance reported a Q1 loss of Rs 41.54 Lakhs. The company appointed a new CFO. Auditors highlight major risks: Rs 178 Cr in contingent liabilities, Rs 17 Cr in investment write-offs, and a 'going concern' warning. RBI also directed the surrender of its NBFC license.
**Consolidated Financials:** For the quarter ended December 31, 2024, TCI Finance Limited reported total revenue from operations of ₹0.65 crore, with an increase in total income to ₹1.36 crore. The primary contributor to revenue appears to be profit on the sale of investments. **Revenue Growth:** The revenue growth is primarily...
For the quarter ended September 30, 2024, TCI Finance Limited reported a total income of ₹0.42 crore, a decrease compared to ₹0.65 crore year-over-year. The net profit for the quarter stood at a loss of ₹0.21 crore, compared to a loss of ₹0.49 crore for the same period last year,...