IndoStar Capital Finance

IndoStar Capital Finance Limited appointed Ms. Jasmine Bawa as Chief Human Resources Officer, effective October 01, 2025. The appointment is classified as a Senior Management Personnel position and is a full-time employment role. Ms. Bawa brings over 15 years of experience across leading financial institutions and fintech companies, with expertise in talent engagement, performance management, HR business partnering, compensation management, and succession planning.

Indostar Capital Finance has sold stressed vehicle loans valued at ₹309.6 crores to Phoenix ARC for ₹220.3 crores. The transaction represents a recovery of approximately 71% of the loan book value, indicating the company is divesting non-performing vehicle finance assets to Phoenix Asset Reconstruction Company.

IndoStar Capital Finance released its quarterly results showing net profit of INR 535 crores, significantly boosted by a one-time gain of INR 1,176 crores from divesting its housing finance subsidiary Niwas Housing Finance. The NBFC reported disbursements of INR 858 crores, down from INR 1,081 crores quarter-on-quarter and INR 1,416 crores year-on-year. Assets Under Management grew 9% year-on-year to INR 7,783 crores, while Net Interest Income increased 10% to INR 158 crores. The company revised its technical write-off policy to 200 days past due, resulting in INR 161 crores write-off, and made incremental provisions of INR 255 crores on select security receipts. Gross Stage 3 assets stood at 4.04% with Net Stage 3 assets at 1.68%. Collection efficiency showed EMI to EMI collection at 89% and EMI plus overdue collection at 94%, down from 97% quarter-on-quarter. The company has tightened credit policies and underwriting standards, targeting higher credit quality customers in the prime segment. IndoStar operates 450 branches across 23 states, focusing on vehicle finance (93% of AUM) and micro loans against property. The company targets AUM growth of 12-15% for the fiscal year and expects 15% increase in disbursements in the next quarter.