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History & Milestones


  • Au FINANCIERS (INDIA) LIMITED was originally incorporated as ‘L.N. Finco Gems Private Limited’ on January 10, 1996 as a private limited company under the Companies Act, 1956 with the RoC.
  • Pursuant to the change of name of our Company to Au Financiers (India) Private Limited to reflect the diversified finance business of our Company, a fresh certificate of incorporation was issued by the RoC on May 24, 2005.
  • Our Company was converted into a public limited company by way of a special resolution passed by our Shareholders at the EGM held on January 10, 2013 and the name of our Company was changed to ‘Au Financiers (India) Limited’. A fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the RoC on January 11, 2013.
  • Our Company was granted the in-principle approval to establish an SFB by the RBI, pursuant to its letter dated October 7, 2015.
  • Subsequently, the RBI granted our Company the final approval to establish an SFB by its letter dated December 20, 2016. Pursuant to our Company establishing an SFB, the name of our Company will be changed to “Au Small Finance Bank Limited”.
  • Milestones

    • Incorporated as a private limited company in Rajasthan with an authorised share capital of ₹ 0.1 million.
    • Received certificate of registration under section 45 I A of RBI Act from the RBI to carry on the business of non-banking financial institution without accepting public deposits.
    • Became commercial associate of HDFC Bank for carrying on the business of financing commercial vehicles.
    • Expanded operations into Maharashtra.
    • Obtained investment of ₹ 200 million from India Business Excellence Fund and India Business Excellence Fund-1.
    • Forayed into Gujarat, the third state where our Company commenced its operations.
    • Received fresh certificate of registration under section 45 IA of RBI Act from the RBI pursuant to which RBI has classified our Company as a NBFC-ND-AFC.
    • Obtained investment of ₹ 350 million, ₹ 60 million and ₹ 140 million, from IFC, IBE Fund and IBE Fund-I, respectively.
    • Attained the status of “Systemically Important Non-Deposit Taking Asset Finance Company”.
    • Set-up a subsidiary, Au Housing Finance Private Limited, to provide housing finance services.
    • Obtained investment of ₹ 1,500 million and ₹ 330.44 million from Redwood and IFC, respectively.
    • Set-up a subsidiary, Au Insurance Broking Services Private Limited, to provide insurance and broking services.
    • Two notches upgrade of credit rating to CRISIL A / Stable for long term credit facilities.
    • Assigned credit rating of IND A+ / Stable for long-term credit facilities and IND A1+ for short term credit facilities.
    • Received “in-principle” approval for forming an SFB from the RBI.
    • Received final approval for carrying on the business of SFB from the RBI.
    • Upgrade of long term credit rating toof BWRAA withwith Stable Outlook from Brickwork Ratings.
    • Pursuant to RBI approval dated April 6, 2016, divested its shareholding in Au Housing Finance Limited which was our erstwhile subsidiary company.

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