The completion of QIP reinforces investor confidence in the company’s evolving financial services platform and long-term growth strategy, the company said. Socradamus Capital Pvt Ltd acted as the Sole Book Running Lead Manager (BRLM) to the issue.
The fundraising is expected to support the company’s expansion strategy and capital allocation initiatives.
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“The successful QIP and our record quarterly financial performance reflect the strength of our platform and disciplined execution strategy. Our investment philosophy remains opportunity-driven and risk-calibrated,” said Aditya Vikram Kanoria, managing director of Credent Global Finance. “With enhanced capital, strategic exposure in high-potential segments, and a strengthened leadership team, we are well-positioned to scale sustainably and deliver long-term stakeholder value,” said Kanoria.
The company said in its release that revenue from operations for the quarter ended December 31, 2025, stood at Rs 25.74 crore, compared with Rs 2.94 crore in the corresponding period last year, marking a 775% year-on-year growth. Net profit surged to Rs 18.02 crore in Q3FY26 from Rs 0.47 crore a year earlier—a 38-fold increase.
Separately, the company has appointed Vikas Kataria as executive director, a move aimed at bolstering leadership bandwidth as it enters its next phase of growth.Harshal Anjaria, founder of boutique investment banking and advisory firm Shreeyam Advisors, said companies use QIPs to quickly access capital to expand, reduce debt, or fund acquisitions, without the extensive documentation required for a public issue.
“It provides a quicker, less expensive alternative to public offerings, offering companies flexibility in valuation with minimal regulatory intervention,” said Anjaria.
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