STCI Finance

What STCI Finance does

STCI Finance Limited is a Systemically Important Non-Deposit taking NBFC (NBFC-ND-SI) registered with the Reserve Bank of India, headquartered in Mumbai and operating through seven branches across India. The company was promoted by the RBI in May 1994 as Securities Trading Corporation of India Limited to foster secondary market trading in Government of India securities, and became India's first Primary Dealer in 1996 before spinning off that business in June 2007 to its wholly-owned subsidiary, STCI Primary Dealer Limited. Following RBI's two-stage divestment in 1997 and 2002, Bank of India emerged as the largest shareholder at 29.96%, with other Public Sector Banks and LIC collectively holding 69.70% of the company. STCI Finance rebranded to its current name in October 2011 after a voluntary liquidation of subsidiary STCI Commodities Limited in March 2022 further narrowed focus to lending.

Name

STCI Finance

Legal name

STCI Finance Limited

Website

https://stcionline.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

51–100 employees

Short description

STCI Finance is a systemically important non-deposit taking Indian NBFC promoted by the RBI in 1994 and now majority-owned by Public Sector Banks led by Bank of India, providing diversified mid-market secured lending across capital markets, real estate, manufacturing, and structured finance.

Ownership category

akta.pro rank

Product category

Non-Banking Financial Services (NBFC Lending)

NAICS

Nondepository Credit Intermediation (5222)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro industry

PRIMARYFSABADAE

Private Banking Lending (Securities-Backed, Real Estate, Structured Credit)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Private Banking

SECONDARYFSAMAKAH

Lending & Credit Disbursements

Financial & Insurance/Payments & Transaction Processing/Payroll & Payouts / Disbursements

SECONDARYFSAKAGAE

Supply Chain Finance (Trade Credit, PO/Inventory Financing)

Financial & Insurance/Lending & Consumer Finance/Small Business & Microenterprise Lending

Keywords

• Non-banking finance
• Corporate lending
• Capital market finance
• Real estate finance
• Structured finance

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Lending/Financing Activities: STCI Finance generates revenue primarily through interest income from lending activities including term loans, working capital loans, and other financing arrangements to corporates and HNIs across multiple sectors.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

STCI Finance is a Systemically Important Non-Deposit taking NBFC (NBFC-ND-SI) that provides a diversified suite of secured lending and financing products to mid-market corporates, HNIs, real estate developers, and other NBFCs/HFCs across India. Its core offerings span capital market financing (loans against shares, IPO/FPO funding, promoter funding, ESOP finance, margin funding), real estate finance (project finance and loan against property), corporate sector lending (manufacturing, EPC, healthcare, education, warehousing), and structured finance (equipment finance, receivables finance, take-out finance, LAP, LAPS, loan against bank guarantee).

Product overview

STCI Finance is a diversified mid-market B2B NBFC offering a comprehensive suite of lending and financing products across multiple segments. The company operates a portfolio-based model with distinct product lines including Capital Market Products (Loan against Shares, IPO/FPO Financing, Promoter Funding, ESOP Finance, Margin Funding), Real Estate Sector Products (Project Finance, Loan against Property), Manufacturing & Service Sector Products (Manufacturing, EPC, Healthcare, Education, NBFC/HFC Financing, Warehousing), and Other Products (Structured Finance, Equipment Finance, Receivables Finance, Take-out Finance, LAP, LAPS, Loan against Bank Guarantee). The company also operates an E-Auction platform for distressed asset management and provides services for transfer of stressed assets. STCI Finance primarily serves corporate clients, HNIs, and other businesses through its branch network across India.

Differentiator

Problem solved

Functional benefit

Products and services

• Loan against Shares/Mutual Funds/Bonds Loans offered against pledge of acceptable Listed Shares, Mutual Fund units from Open Ended Diversified Equity Funds, Open Ended Gilt Funds and Bonds for investments, working capital needs, CapEx, acquisition of shares by promoters, or other general purposes. Targeted at HNIs and corporates with capital market exposure.
• Loan for subscription of IPO/FPO/Rights Issue Loans to individuals and corporates for subscribing to IPO/FPO/Rights Issue against the pledge of the underlying shares. Targeted at investors and promoters participating in primary market offerings.
• Promoter Funding Tailor-made loans to the Promoters of listed companies for creeping acquisitions, investments in existing or new ventures, acquisition of assets, and other general purposes, advanced against pledge of listed shares, mortgage of immovable property, or other collaterals.
• ESOP Finance Loans to individuals holding ESOPs from their employers and wanting to exercise the option against the security of underlying shares or other listed shares. Targeted at corporate employees with stock option grants.
• Margin Funding Loans to individual clients of Equity Brokers for financing their margin requirements, and loans to Equity Brokers for margin funding of their clients, backed by acceptable listed shares.
• Project Finance (Real Estate) Project Finance to real estate developers under residential and commercial segments based on the security of project assets and project cash flows, with RERA compliance as pre-requisite.
• Loan against Property (Real Estate) Loans to developers having cash flows from multiple projects, based on quality of mortgage property, cash flow and other balance sheet parameters of the borrowing entity.
• Manufacturing Sector Loans Loans to corporates in the Manufacturing Sector for expansion, general capex, replacement of machinery, reimbursement of capex, long term working capital needs, refinance of existing loan, or for general corporate purposes.
• Engineering, Procurement and Construction (EPC) Contract Loans Loans to corporates in the EPC Sector for long term working capital and for any other general corporate purposes incidental to Engineering, Procurement and Construction Contracts.
• Healthcare Sector Loans Loans for expansion, renovation, modernization or acquisition of hospitals or nursing homes and for any other special purposes incidental thereto.
• Education Sector Loans Loans for expansion, renovation, modernization or acquisition of Educational Institutions and for any other special purpose incidental thereto.
• Warehousing Sector Loans Loans for expansion, modernization or acquisition of warehouses or long term working capital and for any other general corporate purposes incidental thereto.
• NBFC/HFC Financing Loans to established NBFCs engaged in small ticket size B2C lending, such as Asset Finance Companies, NBFCs engaged in lending to MSMEs, and mid-sized Housing Finance Companies registered with NHB.
• Structured Finance Tailor-made Structured Finance products to suit special situation funding needs such as delisting, buyback, promoter holding consolidation, acquisition, or any other special situational needs or for general corporate purposes.
• Equipment Finance Loans for financing acquisition of plant & machinery, construction equipment, mining equipment, healthcare equipment, etc. to businesses in different industries.
• Take-out Finance Take-out finance in tie-up with Banks/FIs for projects that have achieved a pre-determined implementation schedule.
• Loan against Property (LAP) Term loans to businesses for their various business needs against the primary security by way of mortgage of immovable properties.
• Loan against Property and Securities (LAPS) Term loans to businesses for their various business needs against the primary security by way of mortgage of immovable property and collateral security by way of pledge of pre-approved shares or units of Mutual Funds, Bonds, etc.
• Loan against Bank Guarantee Loans to businesses for funding cash flow mismatches or for general business purposes against the financial guarantee of Scheduled Commercial Banks.
• Discounting of Lease Rentals/Receivables Finance Short to long term loans to asset owners for working capital or general corporate purposes by way of securitization of receivables, lease rentals, etc.
• E-Auction Platform Electronic auction platform for sale of secured assets and immovable properties under SARFAESI Act.
• Transfer of Stressed Assets Portfolio and asset transfer services for stressed assets, including bid process documentation and distressed asset resolution.

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• STCI Primary Dealer LimitedcoreStrategic or Co-development PartnerWholly owned subsidiary of STCI Finance established in October 2006 (operations from June 25, 2007) consequent to hiving off primary dealership business. Undertakes trading in government securities, corporate bonds, money market instruments, interest rate swaps and trading in equity (cash and F&O).
• STCI Commodities LimitedminorStrategic or Co-development PartnerWholly owned subsidiary of STCI Finance which previously provided brokerage, investment and advisory services in Indian Commodities Markets. The company is under voluntary liquidation process w.e.f March 11, 2022.

Scale indicators5 records

Recent moves11 records

Expansion highlights4 records

Direct peers

• Cholamandalam Investment and Finance: Diversified Indian NBFC with overlapping product lines in vehicle finance, home loans, SME lending, and corporate lending. Comparable in its multi-product, multi-segment lending approach and exposure to mid-market Indian corporates and HNIs.
• PNB Housing Finance: Indian housing finance company with public-sector bank lineage (Punjab National Bank) and broad home loan and corporate mortgage exposure. Directly comparable to STCI's PSB shareholding structure and real estate lending vertical.
• Capri Global Capital: Indian NBFC specializing in MSME, housing, and gold loans with a strong mid-market focus. Comparable to STCI in its mid-market borrower orientation and structured lending capabilities, though with a different product mix.
• Piramal Capital & Housing Finance: Indian NBFC focused on housing finance and wholesale lending including real estate, corporate, and structured finance. Closely overlaps with STCI's real estate project finance and corporate lending verticals.
• MAS Financial Services: Indian NBFC focused on MSME, two-wheeler, and micro-enterprise lending, also operating as a business correspondent. Comparable in its mid-market credit underwriting discipline and its role as a financing partner for other financial institutions.
• Aditya Birla Finance: Large Indian NBFC offering corporate lending, capital markets financing, real estate finance, and structured solutions. Directly comparable to STCI in the breadth of its corporate and capital markets lending franchise.
• 360 ONE (formerly IIFL): Indian financial services group offering wealth management, capital markets, and lending including loan against shares and margin funding. Directly comparable to STCI's capital markets lending products (LAS, margin funding, promoter funding).

Broad incumbents

• Bajaj Finance: Largest Indian NBFC by assets, offering consumer, SME, commercial, and rural lending. While much larger and broader, it competes head-on with STCI in commercial and mid-market lending and serves as the upper bound benchmark for the Indian NBFC sector.

Emerging players

• SBFC Finance: Indian NBFC specializing in secured SME and MSME loans, including loan against property and business loans. Comparable to STCI's loan-against-property and SME lending focus, though operating at smaller scale and with a narrower product set.

Regional players

• Motilal Oswal Financial Services: Indian capital markets firm with lending against shares, margin funding, and promoter financing capabilities. Directly comparable to STCI's capital markets lending franchise (LAS, IPO financing, margin funding), though with a stronger retail brokerage overlay.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/stcifinance
• LinkedInlinkedin.com/company/stci-finance-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about STCI Finance