Classic Leasing & Finance

What Classic Leasing & Finance does

Classic Leasing & Finance Limited (CLFL) is a publicly listed Indian Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India and operating since 1984. The company is headquartered in Kolkata, listed on BSE Limited (scrip code 540481) and the Calcutta Stock Exchange Limited, and operates with 11–50 employees. Its core business is providing structured financing solutions to corporate India, including project funding, acquisition financing, mezzanine financing, asset financing, and corporate loans backed by adequate collaterals and cash flows. In 2014, CLFL diversified into Retail Lending with a specific focus on Priority Sector Lending, expanding its book beyond corporate-only structured credit.

The company combines debt, mezzanine, convertible, equity investment, and financial instruments to deliver custom-made and innovative products in the structured credit space, targeting sectors that include Power, Ports, Telecom, Retail, Real Estate, Hospitality, Financial Services, and Logistics. Beyond its lending book, CLFL also offers fee-based services such as Project Advisory, Project Development, Alternative Investment Funds, and Insurance Broking, which generate non-interest income. The underlying technology stack is a traditional NBFC operations framework with no public APIs, SDKs, or proprietary technology platforms disclosed, and the company relies on a direct, relationship-driven go-to-market model rather than intermediated distribution channels.

The business model is built on negotiated, individually priced loan structures with multi-year contract durations, generating revenue primarily through interest income from lending operations and ancillary fee income. For FY26, revenue from operations was ₹129.90 lakh and net profit was ₹111.68 lakh (more than double FY25's ₹46.17 lakh), with operating margin improving to 84% from 77.78% year-on-year. In January 2026, the company raised ₹1,063.75 lakh through a preferential issue, fully deployed for working capital. A material risk overhang is the qualified audit opinion related to a ₹316.31 crore contingent liability connected to Kohinoor Steel Private Limited's corporate insolvency resolution process, alongside unquantified investment fair values.

Name

Classic Leasing & Finance

Legal name

Classic Leasing & Finance Limited

Website

https://classicleasing.net

Company type

Public

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

Classic Leasing & Finance Limited is an India-based, RBI-registered NBFC operating since 1984, providing structured financing solutions — including project funding, acquisition financing, mezzanine financing, and corporate loans — to corporate clients, with retail priority sector lending added in 2014.

Ownership category

akta.pro rank

Product category

Non-Banking Financial Services (NBFC Corporate Lending)

NAICS

Nondepository Credit Intermediation (5222), Commercial and Industrial Machinery and Equipment Rental and Leasing (5324)

SIC

Short-Term Business Credit Institutions (6153), Personal Credit Institutions (6141), Finance Lessors (6172)

akta.pro industry

PRIMARYFSANADAG

Real Estate Private Credit (CRE Debt)

Financial & Insurance/Private Equity & Venture Capital/Private Credit / Direct Lending Funds

SECONDARYFSALADAG

Balance-Sheet / Portfolio CRE Lending

Financial & Insurance/Mortgage & Housing Finance/Commercial & Multifamily Mortgage Lending

SECONDARYFSAHAJAH

Private Credit — Structured Credit (CLOs, ABS, Private Securitizations)

Financial & Insurance/Hedge Funds & Alternative Investments/Alternative Investments — Private Credit & Direct Lending

Keywords

• Structured corporate lending
• Project financing solutions
• Mezzanine acquisition financing
• Asset financing services
• Priority sector lending

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income from Lending Operations: Revenue generated from interest on loans and financing provided to corporate clients, including project funding, acquisition financing, mezzanine financing, and working capital loans. The company reported revenue from operations of ₹129.90 lakh for FY26.
2. Asset Financing: Initial funding, mezzanine financing, and acquisition financing services generating fee and interest income from structured credit operations.
3. Fee-based Services: Project advisory, project development, alternative investment funds, and insurance broking services contributing to non-interest income.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Classic Leasing & Finance Limited (CLFL) is a Kolkata-based Indian NBFC, registered with the RBI since 1984, that provides structured credit and financing solutions to corporate clients. Core offerings include Project Funding, Acquisition Financing, Corporate Loans, Structured Debt Financing, Asset Financing, Mezzanine Financing, Equipment Financing and Equipment Leasing, complemented by fee-based Project Advisory, Project Development, Alternative Investment Funds and Insurance Broking. Since 2014, the company has also operated a Retail Lending vertical with Priority Sector Lending focus, building a secured, quality retail portfolio.

Product overview

Classic Leasing & Finance Limited is a leading Indian NBFC operating since 1984, offering a unified platform of lending and financing products. The core offerings include Project Funding, Acquisition Financing, Corporate Loans, and Structured Debt Financing, alongside Asset Financing and Mezzanine Financing services. The company also provides fee-based services including Project Advisory, Project Development, Alternative Investment Funds, and Insurance Broking. Since 2014, the company expanded into Retail Lending with Priority Sector Lending focus. Infrastructure solutions encompass Equipment Financing, Equipment Leasing, and Strategic Investments in sectors like Telecom, Transportation, Power, and SEZ. The product portfolio is designed for corporate clients seeking customized and structured financing solutions backed by adequate collaterals and cash flows.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Funding Short to medium term loans offered at different stages of project implementation, including seed stage funding or last mile funding to facilitate project completion; targeted at Indian corporates undertaking projects.
• Acquisition Financing Short to medium term loans to finance the acquisition of value-creating assets, including those involving expansion or diversification of business; targeted at Indian corporates pursuing acquisitions.
• Corporate Loan Short term fund requirements based on sound fundamentals and positive business outlook, enabling leverage of the balance sheet for business stability and scalability; targeted at Indian corporates.
• Structured Debt Financing Custom-made and innovative products and solutions offering liquidity management, acquisition financing, and growth funding requirements beyond market-defined loan structures; targeted at Indian corporates.
• Asset Financing Initial funding, mezzanine financing, and acquisition financing for building a secured and quality retail lending portfolio in the structured credit space; targeted at Indian corporate and retail borrowers.
• Mezzanine Financing Hybrid financing solution combining elements of debt and equity to support business growth and expansion initiatives; targeted at Indian corporates.
• Equipment Financing Fund-based financing solution for acquiring equipment and machinery required for business operations; targeted at Indian corporates needing equipment acquisitions.
• Equipment Leasing Lease arrangement for equipment usage without outright ownership, part of fund-based infrastructure solutions; targeted at Indian corporates and infrastructure operators.
• Project Advisory Fee-based advisory services for project development and implementation guidance; targeted at Indian corporate and infrastructure clients.
• Project Development Fee-based services focused on developing infrastructure projects from concept to completion; targeted at Indian corporate and infrastructure clients.
• Alternative Investment Funds Fee-based investment fund management services providing access to alternative investment opportunities; targeted at Indian corporate and HNI investors.
• Insurance Broking Fee-based insurance brokerage services as part of comprehensive financial solutions; targeted at Indian corporate clients.
• Retail Lending (Priority Sector) Retail lending business with special focus on Priority Sector Lending, generating a secured, supreme quality asset book through secured retail lending; targeted at retail borrowers qualifying under priority sector guidelines.

Quantifiable outcome

• Operating profit margin improved to 84% from 77.78% year-on-year (Q3 FY26 vs Q3 FY25)
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Muthoot Capital Services: Muthoot Capital Services is a small-cap Indian NBFC providing structured lending to micro, small, and medium enterprises — comparable in scale and niche positioning to CLFL's custom-deal SME and corporate financing book.
• MAS Financial Services Limited: MAS Financial Services is a small-mid cap Indian NBFC focused on SME and retail lending with structured products, mirroring CLFL's niche position as a smaller, custom-deal NBFC in the Indian market.

Broad incumbents

• Bajaj Finance Limited: Bajaj Finance is India's largest diversified NBFC covering corporate loans, equipment leasing, project finance, and retail lending — overlapping with most of CLFL's product lines but at vastly greater scale and geographic reach.
• Rural Electrification Corporation (REC Limited): REC is a large Indian government NBFC funding power and infrastructure projects — comparable to CLFL's project funding vertical across power and infrastructure sectors, though at vastly larger scale.
• Power Finance Corporation (PFC): PFC is a large government-owned Indian NBFC specializing in infrastructure and power-sector project financing — overlapping with CLFL's infrastructure and power-sector project funding exposure but at a much larger scale.
• Cholamandalam Investment and Finance Company: Cholamandalam is a major Indian NBFC with strong equipment financing, vehicle finance, and corporate lending businesses — directly comparable to CLFL's equipment leasing and structured corporate lending verticals.

Direct peers

• Sammaan Capital (formerly Indiabulls Housing Finance): Sammaan Capital is an Indian NBFC focused on real estate and housing finance — directly comparable to CLFL's stated significant positioning in real estate funding and structured CRE lending.
• IFCI Limited: IFCI is a legacy government-promoted Indian NBFC offering project finance, structured credit, and corporate lending — closely comparable to CLFL's balance-sheet, structured-credit, and project-funding focus, though at a much larger scale.
• Shriram City Union Finance: Shriram City Union Finance is a mid-cap Indian NBFC offering SME, retail priority-sector, and corporate financing — comparable to CLFL's diversification into retail priority-sector lending alongside corporate structured credit.
• Tourism Finance Corporation of India (TFCI): TFCI is a small-cap Indian NBFC providing project and structured financing to corporate clients across sectors including infrastructure and real estate, with a similar relationship-driven, custom-deal model as CLFL.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Classic Leasing & Finance