Note:- For activities or ratings of instruments falling under the purview of Financial Sector Regulators other than SEBI, the grievance / dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available.
Rating Rationale
Acuité has withdrawn the long-term rating on the Rs. 15.00 Cr. partially credit enhanced term loan facilities of Credit Wise Capital Private Limited (CWCPL) without assigning any rating as the instrument is fully repaid. The withdrawal is on account of request received from issuer and NDC (No Dues Certificate) received from the lender.
The rating withdrawal is in accordance with Acuité's policy on withdrawal of rating as applicable to the respective facility / instrument.
About the Company
Credit wise Capital Private Limited is tech-supported non-banking finance company (NBFC) having business of two-wheeler finance incorporated in 2018. It was founded and promoted by Aalesh Avlani with multiple renowned business houses, including Greshma Group, Wallfort Group, MJ Shah Group, and the Shanti Group. The company is serving majorly in five states, including Bihar, Maharashtra, Haryana, Odisha, and Karnataka.
About the Group
Credit Wise Capital Private Limited is incorporated in 2018, head quartered in Mumbai, Maharashtra, is a non-deposit taking fintech NBFC. Credit Wise Capital Private Limited primarily provides 2-wheeler vehicle financing though its entirely digital platform. CWCPL has acquired an 80% stake in Analyticsfox Softwares Private Limited (AFX) in October 2023, establishing it as a key technology subsidiary under CWCPL. AFX, specializes in developing cutting-edge SaaS (Software-as-a-Service) solutions and customized lending platforms specifically designed for the Banking, Financial Services, and Insurance (BFSI) sector. This acquisition strategically strengthens CWCPL’s position as a tech-driven NBFC, enabling seamless integration of advanced digital lending capabilities into its core operations. In February 2024, CWCPL acquired 72 percent stake in Collect Pro Private Limited (previously known as 9Syndicate Advisors Private Limited) to provide specialized collection and recovery services to Banks and NBFCs. This entity is focused on providing specialized collection and recovery services to Banks and NBFCs. By setting up this dedicated collection arm, CWCPL aims to strengthen its in-house recovery capabilities while also tapping into the growing demand for professional collection services from external financial institutions. The Group has presence in 10 states and 215 districts across India as on December 31, 2024.
Unsupported Rating
Not Applicable
Analytical Approach
Extent of Consolidation-Not Applicable
Rationale for Consolidation or Parent / Group / Govt. Support
Not Applicable
Key Rating Drivers
Strength
Not Applicable
Weakness
Not Applicable
Assessment of Adequacy of Credit Enhancement under various scenarios including stress scenarios (applicable for ratings factoring specified support considerations with or without the “CE” suffix)
Not Applicable
Rating Sensitivity
Potential triggers (individual or collective) for an upward rating action:
Not Applicable
Potential triggers (individual or collective) for a downward rating action:
Not Applicable
Liquidity Position
Not Applicable
Outlook: Not applicable
Other Factors affecting Rating
None
Key Financials - Standalone / Originator
Particulars
Unit
FY26 (Actual)
FY25 (Actual)
Total Assets
Rs. Cr.
686.11
417.13
Total Income*
Rs. Cr.
91.59
74.23
PAT
Rs. Cr.
2.29
5.37
Net Worth
Rs. Cr.
179.55
112.63
Return on Average Assets (RoAA)
(%)
0.42
1.42
Return on Average Net Worth (RoNW)
(%)
1.57
4.86
Debt/Equity
Times
2.66
2.37
Gross NPA
(%)
1.85
2.12
Net NPA
(%)
1.50
1.19
*Total income equals to Net Interest Income plus other income
Key Financials (Consolidated)
Particulars
Unit
FY26 (Actual)
FY25(Actual)
Total Assets
Rs. Cr.
692.03
425.01
Total Income*
Rs. Cr.
106.55
86.81
PAT
Rs. Cr.
0.91
4.65
Net Worth
Rs. Cr.
178.62
112.30
Return on Average Assets (RoAA)
(%)
0.16
1.21
Return on Average Net Worth (RoNW)
(%)
0.63
4.18
Debt/Equity
Times
2.67
2.41
Gross NPA
(%)
1.85
2.12
Net NPA
(%)
1.50
1.91
*Total income equals to Net Interest Income plus other income
Status of non-cooperation with previous CRA (if applicable)
ACUITE BBB+ (CE) | Stable
(Upgraded from ACUITE BB+ (CE))
09 Oct 2024
Term Loan
Long Term
15.00
ACUITE BB+ (CE)
(Downgraded & Issuer not co-operating* from ACUITE BBB+ (CE) | Stable)
12 Jul 2023
Term Loan
Long Term
15.00
ACUITE BBB+ (CE) | Stable
(Assigned)
13 Apr 2023
Proposed Term Loan
Long Term
15.00
ACUITE Provisional BBB+ (CE) | Stable
(Assigned)
Lender’s Name
ISIN
Facilities
Listing Status
Regulated By
Date Of Issuance
Coupon Rate
Maturity Date
Quantum (Rs. Cr.)
Complexity Level
Rating
Hinduja Leyland Finance Ltd.
Not avl. / Not appl.
Term Loan
Unlisted
RBI
30 Mar 2023
Not avl. / Not appl.
30 Sep 2025
15.00
Simple
ACUITE Not Applicable | Withdrawn
Note:- For activities or ratings of instruments falling under the purview of Financial Sector Regulators other than SEBI, the grievance / dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available.
*Annexure 2 - List of Entities (applicable for Consolidation or Parent / Group / Govt. Support)
Sr. no.
Names of Entities
1.
Credit Wise Capital Private Limited
2.
Analyticsfox Softwares Private Limited
3.
Collect Pro Private Limited
Contacts
List of instruments and names of regulators of the instruments
