Nicco UCO Alliance Credit

What Nicco UCO Alliance Credit does

Nicco UCO Alliance Credit is a publicly listed Indian financial services entity incorporated in 1984 and headquartered in Kolkata, trading on the Bombay Stock Exchange under ticker 523209. According to its firmographic profile, the company offers lease financing, factoring services, and investment in securities, positioning it as a small non-banking financial company (NBFC) within the Nicco Group of companies.

The company's structure encompasses wholly owned subsidiaries including Nicco Corporation Limited (the historical flagship, now undergoing liquidation), Nicco Financial Services Ltd (financial services), and Nicco Ventures Limited (website development and ventures). The source data documents extensive regulatory and insolvency-related activity across 2015-2017, including multiple reconstitutions of the Committee of Creditors, filings of Form A public announcements, and invitations for expressions of interest in the sale of Nicco Corporation Limited's assets on a standalone basis. The corporate website at niccogroup.com functions primarily as a disclosure portal for these insolvency proceedings rather than as a customer-facing commercial platform.

Financial signals indicate severe and worsening distress: revenue collapsed to zero by 2017 from prior-period levels, EBITDA has been negative since at least 2015, and net losses have been multi-billion rupee in magnitude across the observed period. Operating status for the group is documented as closed given the liquidation of the principal operating subsidiary. No product launches, partnerships, geographic expansions, or growth-stage capital activities are evidenced in the available data; the dominant operational narrative is one of debt resolution and asset disposal under the Insolvency and Bankruptcy Code.

Name

Nicco UCO Alliance Credit

Legal name

Nicco UCO Alliance Credit

Website

https://niccogroup.com

Company type

Public

Founded year

1984

Operating status

Closed

Headcount range

1–10 employees

Short description

Nicco UCO Alliance Credit is a small publicly listed Indian NBFC, founded in 1984 in Kolkata, offering lease financing, factoring services, and securities investment as part of the Nicco Group, whose flagship subsidiary is in liquidation.

Ownership category

akta.pro rank

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Core offering

Nicco UCO Alliance Credit provides financial services including lease financing, factoring services, and investment in securities. The company historically operated as a listed financial services entity in India under the Nicco Group umbrella, though its core operating subsidiary (Nicco Corporation Limited) has been undergoing insolvency and liquidation proceedings since 2017 under the Insolvency and Bankruptcy Code, leaving the company in an effectively closed operating status.

Differentiator

Problem solved

Functional benefit

Products and services

• Lease Financing Financial leasing services provided to businesses requiring capital asset financing; historically a core offering of the company.
• Factoring Services Receivables factoring services offered to businesses for working capital management, allowing clients to convert trade receivables into immediate cash.
• Investment in Securities Corporate investment services involving deployment of funds in securities as part of the company's financial services portfolio.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves6 records

Direct peers

• Cholamandalam Investment and Finance: Chola-financing arm of the Murugappa Group, providing vehicle finance, home loans and SME lending; comparable as a listed Indian NBFC with a heavy lease/financing orientation.
• Bajaj Finance: Large Indian NBFC offering consumer finance, SME lending, lease and hire-purchase products; comparable as a listed Indian financial-services franchise with diversified credit activities.
• Mahindra & Mahindra Financial Services: Listed Indian NBFC providing vehicle, tractor and equipment financing plus SME loans; comparable as a diversified, listed Indian credit and leasing business.
• Shriram Transport Finance: Indian NBFC focused on commercial vehicle finance and allied lending; comparable as a listed NBFC whose primary business is asset/lease-style financing to businesses.
• Sundaram Finance: India-based NBFC with a vehicle finance, hire-purchase and securities-investment franchise; directly comparable given overlapping lease-financing and securities-investment activities.

Broad incumbents

• Power Finance Corporation: Large Indian government-owned financial services company providing project and infrastructure financing; comparable as a listed Indian state-affiliated financial-services franchise in the broader credit-intermediation space.
• REC Limited: Indian government-owned power-sector financier; comparable as a large listed Indian NBFC-type entity in the broader credit-intermediation and securities-investment universe.
• L&T Finance Holdings: Diversified Indian financial holding company offering farm, infra, SME and consumer finance; comparable as a larger, broader listed financial-services platform operating in the same regulatory environment.

Regional players

• UCO Bank: Indian public-sector bank headquartered in Kolkata; the 'UCO' in Nicco UCO Alliance Credit's name references this institution, making it the most directly named regional counterparty and a reference point for the company's Kolkata heritage.
• Capital Small Finance Bank: Small Indian scheduled commercial bank with a regional (Punjab/North India) footprint; comparable as a smaller, regional Indian credit institution in a similar regulatory bucket.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights3 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/nicco-corp

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 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 Nicco UCO Alliance Credit