Overview

Orbis Financial Corporation was established in 2005, which is registered with the SEBI to provide custodial and clearing services. It is registered as a Designated Depository Participant (DDP) with Securities & Exchange Board of India and Professional Clearing Member (PCM) with exchanges like NSE, BSE, MSEI and MCX to provide various services to its clients. It provides services and solutions to institutional clients like Foreign Portfolio Investors (FPI), Alternate Investment Funds (AIFs), and Domestic Institutional Investors (DIIs).

The company provides different types of services such as Designated Depository Participant Services ( DDP), Custody & Depository Services, Fund Accounting Services, Derivative Clearing Services, Escrow Services for Securities, Trusteeship Services, and Registrar & Share Transfer Agency Services (RTA Services).

 The Company’s headquarter is in Gurugram, Haryana and  Marketing Office is situated in Mumbai, Maharashtra. It is fully presence in GIFT City, Gujarat to strengthen its global outreach. GIFT City is an exciting new business destination for the company offering competitive edge to financial services and technology related activities.

Products and Services

Custody Services

• Designated Depository Services

• Custody & Depository Services

• Derivative Clearing Services

• Fund Accounting & Customer Reporting Services

• FX Execution

RTA & STA Services

• Support for Initial Public Offerings (IPO)

• Maintenance of Securities Registry

• Shareholder-Relationship Consulting

• Securities Administration Consulting

• ESOPs / Warrants Consultation

Clientele

• Domestic & Foreign Institutional Investors

• Foreign Portfolio Investors

• Corporates

• High-Net-Worth Individuals

• Alternative Investment Funds (AIFs)

• Non-Banking Financial Companies (NBFCs)

• Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (INVITs)

Key Milestones

2005

Incorporated in November, 2005

2007

In – Principle approval from SEBI as a Custodian in February

Owned office premises at Gurugram in July

Commenced recruitments in July

Capitalisation of Company with Net worth of Rs. 50 crore as per SEBI requirements

2008

Received SEBI license as a Custodian in November

2009

Onboarded the first Custody Client 2011

Obtained numerous regulatory registrations with SEBI / Exchanges / Depositories

2013

SEBI granted certificate of registration as a Designated Depository Participant

2014

Crossed 100 mark of Custody Clients

2015

Turned into a profit making Company in FY16

2017

Commenced CSR initiative for the progress of communities

2018

Became Clearing Member in all Market segments – Equity, Currency and Commodities Obtained SEBI Registration as a ‘Debenture Trustee’ Obtained SEBI Registration as a ‘Registrar and Transfer Agent’

2019

SEBI approval as a Custodian in the Commodities Markets

Crossed 1,000 mark of onboarded custody clients

2020

Maiden Dividend in FY20

Assets under Custody increased to Rs. 10,000 crores in March 2020 

2021

Additional capital raising in FY21@ Rs. 27 per share

Branch office in Gift City operationalised to provide Trusteeship services as per regulatory guidelines

Assets under Custody increased to Rs. 34,128 crores in March 2021

2022

Additional capital raising in FY22 @ Rs. 40.50 per share

Net worth increases to Rs. 220 crores as at March 31, 2022

Crossed 2,000 mark of onboarded custody clients

Assets under custody increased to Rs. 67,369 crores in March 31, 2022

2023

Another round of capital raising of Rs. 112 crores in January 2023 from marquee investors

Crossed 2,700 mark of onboarded custody clients with Assets under Custody increasing to INR 81,160 crores as on March 31, 2023 

Record PAT of INR 89 crores for FY23

Average volume across cash and derivative markets increases to INR 13,000 crores on daily basis

2024

Crossed AUC (Asset Under Custody) of INR 1,30,000 Crore and PAT (Profit After Tax) of over INR 140 Crore. Long term upgraded to A from A- and short term to A1 from A2+

Board of Directors

• SHYAMSUNDER BASUDEO AGARWAL, Managing Director & CEO

• ATUL GUPTA, Founder & Executive Chairman 

• SHYAMSUNDER BASUDEO AGARWAL, Managing Director & CEO

• S.A.R. ACHARYA, Independent Director

• PRANAY KOTHARI, Independent Director

• RUP CHAND JAIN, Director

• MANASI GUPTA, Non-Executive Director

IPO Details

The company is focusing on its long term value creation and it has no plan of IPO till now.

Orbis Financial Share Price and Unlisted Share Price

While the Orbis Financial share price remains of interest to many investors, it should be noted that Orbis Financial is not listed on any public stock exchange currently. Therefore, there is no publicly available Orbis financial share price or Orbis share price. For those who are interested, in the Orbis unlisted share price, this can usually be accessed through private transactions or financial advisors who handle unlisted shares. 

Given that the company has no IPO plans currently, the Orbis share price unlisted will be a private matter, and transactions will occur on private exchanges or over-the-counter (OTC) markets.

Dividend Details

The directors are pleased to recommend a dividend of Rs. 1.00 per equity share of Rs. 10 each fully paid-up for FY24; as compared to Rs. 0.80 per share in the previous year.

Right Issue

Rights Announced, 1 Share for every 6 Shares @ premium of Rs 59.00/shr. for cash in FY 2022-23.

Registered Office

The Registered office of the company is in Gurugram, Haryana, India.

Performance Highlights for the FY 2023-24

• There is 52.1% increase in Assets Under Custody (AUC) which grew to INR 1,23,440 crore from the previous year.

• The company’s total income is Rs. 426.39 Crores in FY24  as compared to Rs. 296.74 Crores in FY23, recording a growth of 43.69%.

• Total expenses increased by 37.19% from INR 176 crore in FY23 to INR 242 crore in FY24.  

• PBT increased by 54% from INR 121 crore in FY23 to INR 187 crore in FY24. 

• The profit after tax was Rs. 138.90 Crores as compared to Rs. 88.20 Crores in the previous year, growth of 57.48%.

Funding

• In Early 2023, The company raised amount of INR 111 crore from an ace investor Ashish Kacholia, a well known investor whose Total Networth is over INR 2800 crores. Company’s unlisted share price was around Rs 95 in early 2023. The company raised this amount to enhance its market position and to expand its capabilities in custodial and financial services. 

• Later in 2023, The company raised amount of INR 102 crore from Ashish Kacholia in the second investment round in the same year for further strengthening its operational infrastructure and enhancing technological capabilities.

• The newly raised funds will be utilized to bolster Orbis Financials’ position in the financial securities market.

Key Highlights

• Assets Under Custody was Rs. 123440.88 Crore in FY24.

• The Custody Client Base was 3696.

• Net worth for FY24 was INR 688.22 Crore.

• Total No. of Employees 158

• Total Shareholders base was 1942

Shareholding Pattern