Advisory

Services

Wealth
Management

Investment
Research
Banking

Broking & Structured

Distribution Products March ‑ 2022

Debt Financing
 India Bond House of the Year 2018 by IFR Asia

INDIA
BOND
HOUSE
OF THE YEAR

AK Capital has been awarded the prestigious international title of “India Bond House of the year”
for the IFR Asia Awards 2018.
With this achievement, AK Capital has marked its presence along with other Asian countries’ bond
houses like HSBC, Credit Suisse, CIMB, ANZ & Bank of China.
Source: http://www.ifrasia.com

01 www.akgroup.co.in
 Introduction
 Oldest Listed Merchant Banker operating exclusively in Fixed Income and Debt Capital Market space –
Listed at BSE in 1995.
 Awarded the prestigious international title of “India Bond House of the year” for the IFR Asia Awards
2018.
 Leading player in the Indian Debt Markets across all ixed income products.
 Provides end to end one stop solution to all debt requirements across Investors and Issuer segments.
 Pioneer in the debt capital markets with many irst to it’s credit:
 Advisor & Sole Arranger to India’s Largest bond Issue of INR 20 bln launched by any Urban Local
Body (ULB)/ Smart City/ Municipal Corporation
 1st Buyback of Perpetual Tier 1 Bonds – Central Bank of India
 1st Perpetual Bond issue by a Housing Finance Company
 1st Perpetual Bond issue by a Non‐Banking Finance Company
 1st public issue of tax free bonds by of NHAI ‐ As lead manager, AK Capital mobilised (approx.)
INR 120 bln on day 1 against the total issue size of INR 100 bln
 1st Buy‐back of GOI‐Guaranteed Bonds by HMT Ltd.
 1st Perpetual bond issue by a bank ‐ UCO Bank (Awarded "Bond Deal of the Year 2016") award by IFR Asia
 One of the few merchant banking groups to have CBLO ‐ CCIL membership.

02 www.akgroup.co.in
 Corporate Structure as Debt Specialist

A. K. CAPITAL SERVICES LIMITED (Reg. No.: MB/INM000010411)

(Reg. No.: INA000007669)
(Listed )

Incorporated in Oct 1993 | Listed on BSE since 1995 | Registered with SEBI as a Category ‑ I Merchant Banker since 1998 | Registered with SEBI as Investment Adviser since 2017

(Holding Company ‑ Flagship Company)

 Investment Banking  Loan Syndication  Masala Bonds
 Private Placement of Bonds / Debentures  Project Finance  Fund Raising for InvIT & REIT
 Private Placement of Preference Shares  Public Issue of NCDs  Research
 Private Placement of Commercial Paper  Structured Finance  Advisory

100% Owned 100% Owned 100% Owned

Subsidiary Subsidiary Subsidiary Subsidiary

A. K. STOCKMART PRIVATE LIMITED A. K. CAPITAL FINANCE LIMITED A. K. CAPITAL (SINGAPORE) PTE. LTD. A. K. WEALTH MANAGEMENT PRIVATE LIMITED
(Formerly known as “A. K. Capital Finance Private Limited”)
Registered as Member with ( Reg. No.: N‑13.01991) Registered for Financial Advisory Services with Registered as a Portfolio Management Company with
Registered as Systematically Important NBFC with

 WDM Broking  Loan Against Property  Advisory Business  Debt Portfolio Management Services
 Retail Broking  Loan Against Securities  Cross Border Fund Raising  Private Wealth Management
 Depository Services  IPO Funding (Including Debt  Foreign Currency Bonds  Asset Management
 Retail Distribution Public Issues)  Investment Advisory
 Asset Backed Funding
 Real Estate Funding

03 www.akgroup.co.in
 Evolution rm ation
Transfo
 A. K. Capital has been awarded the prestigious
international title of “India Bond House of the year” for
the IFR Asia Awards 2018.
 Awarded as “Winner in Merchant Banker Category in Debt
Segment” by ASSOCHAM on December 22, 2017.
 A. K. Capital Finance Limited (Formerly known as “A. K.

on
Capital Finance Private Limited”) successfully raised ` 235

o l uti Cr. via Maiden NCD Issue in FY 16 ‐ 17

Ev
 A. K. Stockmart Private Limited is ranked No.1 mobiliser in
Public Issue of tax‐free & taxable bonds over the past
decade
 No. 1 Lead Manager for public issues of tax‐free and taxable
bonds over last decade.
 Participated in the debt public issues of country’s premier
PSUs including NHAI, NTPC, NHPC, IRFC, REC, PFC, IIFCL,
IREDA, DCI, KPL, NABARD

tio n  Ranked No. 1 for Placement of NCDs in Non

ce p Banking category*
Bond issues managed*:
 ` 1,43,172.20 Cr. 2021‐2022
In  Won “Bond Deal of the Year 2006” award by IFR  ` 2,55,228.00 Cr. 2020‐2021
 ` 2,57,474.80 Cr. 2019‐2020
Asia for undertaking the 1st Perpetual Bond  ` 1,54,119.79 Cr. FY 2018‐19
issue in India for UCO Bank.  ` 98,685.90 Cr. in FY 2017‐18
 ` 1,19,364 Cr. in FY 2016‐17
 1st Equity Public Issue  ` 66,820 Cr. in FY 2015‐16
 ` 1,11,435 Cr. in FY 2014‐15
 1st Debt Buy Back Issue  ` 66,509 Cr. in FY 2013‐14
 Registered as a Category I Merchant Banker in  ` 80,705 Cr. in FY 2012‐13
April 1998  Bond issues managed*:  ` 58,446 Cr. in FY 2011‐12
 ` 24,473 Cr. in FY 2005‐06  ` 53,466 Cr. in FY 2010‐11
 ` 48,171 Cr. in FY 2009‐10
 1st Bond Issue for Tourism Finance Corporation  ` 14,807 Cr. in FY 2004‐05  ` 44,753 Cr. in FY 2008‐09
of India  ` 10,548 Cr. in FY 2003‐04  ` 16,528 Cr. in FY 2007‐08
 ` 17,483 Cr. in FY 2006‐07
 Bond issues managed*:  ` 10,897 Cr. in FY 2002‐03
 ` 11,489 Cr. in FY 2000‐01  ` 11,194 Cr. in FY 2001‐02  Preference Share Issues
 ` 8,067 Cr. in FY 1999‐00  Private Placement of Hybrid Instruments
 ` 4,845 Cr. in FY 1998‐99  Corporate Bond Syndication  QIP Management
Loan Syndication & Project Finance  Venture Capital Funds
 ` 614 Cr. in FY 1997‐98 
 Management and mobilization of public issues of tax‑
 Management of Equity Public Issues free and taxable bonds
 Corporate Bond Syndication

1997 ‑ 2001 2002 ‑ 2006 2007 ‑ 2022

Achievements Landmark Funds Mobilised New Services Verticals
Source: *PRIME Database
04 www.akgroup.co.in
 Core Competencies
 A.K. Group, has managed private placement of Debt aggregating to Rs. 1,43,172.20 Crores (approx.) during FY 2021‐22
(Source: Prime Database) translating into strong market share ~ 30.90%.
 Amongst the largest arranger of debt for PSUs (including Tax‐Free Bonds), PFIs, Banks, Private Sector having arranged
bonds Over Rs. 12,91,395.76 Crores over past decade ended March 31, 2021 (10 Years).
 A. K. Capital has managed 1825 assignments of private placement of debt aggregating to Rs. 15,78,257.32 Crores
(approx.) for past decade (12 Years). (Source: Prime Database).
 A. K. Group is amongst the largest arranger of debt (including Tax‐Free Bonds & Public Debt Issues) for the Indian Banking
Sector in form of Lower Tier II/ Upper Tier –II / Perpetual Bonds having arranged bonds of over Rs. 1,31,874.70 crores
(approx.)
 A. K. Capital is undisputable one of the top leading merchant bankers for managing debt public issue in India since inception
of retail public issue product. It has managed 110 public issue of debt assignments aggregating to Rs. 1,85,224.81
Crores (Source: Prime Database) for country’s premier public as well as private sector companies).
 Amongst the Top Lead Managers for Public Issues of Debt during last 5 Financial Years ended March 31, 2020
(Source: Prime Database) and Rated as No. 1 Lead Manager for Public Issue of Bonds over last 10 years.
 A. K. Group has been rated as No. 1 Lead Managers in terms of managing public issues of bonds/debentures past decade
ended March 31, 2021.
Private Placement Public Issue Corporate Bond Amount Mobilised in
of Bonds Managed* of Debt Managed* Turnover** Commercial Paper*
Financial Year
(` in Cr.) (` in Cr.) (` in Cr.) (` in Cr.)
2020 ‑ 2021 2,55,228 6,722 1,45,781 635
2019 ‑ 2020 2,57,475 11,019 2,73,635 33,865
2018 ‑ 2019 1,54,070 31,683 # 1,81,189 90,473
2017 ‑ 2018 98,671 3,681 1,37,966 59,150
2016 ‑ 2017 1,19,364 27,514 1,64,333 34,860
Source: * PRIME DATABASE | **NSE
05 www.akgroup.co.in
 Consistency in Performance ‑ Private Placement of Bonds

Last decade Last 5 Years Last Year

(01.04.2011 to 31.03.2021) (01.04.2016 to 31.03.2021) (01.04.2020 to 31.03.2021)

1. All Types of Issuers 1. All Types of Issuers 1. All Types of Issuers

Rank Total Amount Managed Rank Total Amount Managed Rank Total Amount Managed
( ` in Cr.) ( ` in Cr.) ( ` in Cr.)

06 12,68.722.28 06 8,84,807.54 07 2,55,228.00

2. PSU & PSU Banks 2. PSU & PSU Banks 2. PSU & PSU Banks

Rank Total Amount Managed Rank Total Amount Managed Rank Total Amount Managed
( ` in Cr.) ( ` in Cr.) ( ` in Cr.)

06 3,88,637.60 05 2,85,489.60 06 86,220.30

3. Private Corporates 3. Private Corporates 3. Private Corporates

Rank Total Amount Managed Rank Total Amount Managed Rank Total Amount Managed
( ` in Cr.) ( ` in Cr.) ( ` in Cr.)

11 55,523.53 11 30,695.95 05 8,954.00

06 www.akgroup.co.in
 Leader in Public Issues of Bonds
Rated as No. 1 Lead Manager for Rated as No. 1 Mobiliser in
Public Issues of Bonds over last 10 years Public Issues of Bonds Over Last 10 years

LEAGUE TABLE LEAGUE TABLE

INVESTMENT BANKERS
BROKERS
ISSUE TYPE : PUBLIC DEBT ISSUES
PERIOD : 01/04/2011 TO 31/03/2021 ISSUE TYPE : PUBLIC DEBT ISSUES
PERIOD : 01/04/2010 TO 31/03/2020
INSTRUMENT : ALL
INSTRUMENT : ALL
ISSUER TYPE : ALL OTHER CONDITIONS : 1) RANKING BY PROCUREMENT AMOUNT
INVESTMENT BANKERS CATEGORY : ALL 2) AMOUNT IN INDIAN RUPEES
RESULTANT
INDUSTRY : ALL
NO. OF ISSUES
LEAD MANAGER STATUS : CREDIT TO LM, JLM & CLM out of which broker data available for 4 issues
ISSUE AMOUNT CREDIT TO LEAD MANAGER : FULL BASIS
OTHER CONDITIONS : (1) BY ISSUE AMOUNT NO. OF ISSUES : 220
: (2) ISSUE AMOUNT IN INDIAN RUPEES PROCUREMENT AMOUNT : ` 2,38,765.02 Cr.
RESULTANT
NO. OF ISSUES : 223
ISSUE AMOUNT : ` 2,35,734.44 Cr.

Total Total No. Total Total No.

Ranking Brokers Ranking Brokers
Amount ` Cr. of Issues Amount ` Cr. of Issues
1 AK CAPITAL 1,84,133.86 108 1 A. K. Stockmart Private Limited 72404.60 133
2 EDELWEISS 1,47,138.64 104 2 Edelweiss Broking Ltd. 59475.72 170
3 SBICAP 1,24,180.88 55 3 SBICAP Securities Ltd. 52339.79 113
4 I-SEC 1,17,406.69 88 4 ICICI Securities Ltd. 26062.78 159
5 AXISCAP (ENAM) 75,620.37 44 5 Axis Capital Ltd./ Axis Bank 24546.88 144
6 TRUSTINV 65,547.81 41 6 Kotak Securities Ltd. 22805.53 186
7 AXISBANK 57,483.96 28 7 Jm Financial Services Ltd. 17046.22 164
8 RRINV 51,342.10 46 8 Yes Securities (India) Ltd. 9626.82 18
9 YES-SEC (Yes Bank) 46,984.47 16 9 Trust Financial Consultancy Services 8928.95 54
10 KOTAKMAHCAP 37,347.48 27 Pvt. Ltd.
10 RR Equity Brokers Pvt. Ltd. 8875.37 175

(* A.K. Stockmart Private Limited is the broking af iliate and a wholly owned subsidiary of A. K. Capital Services Limited)
07 www.akgroup.co.in
 In The News

SME & Entrepreneurship

Excellence Award, July 2010

The Economic Times

Saturday, 08 April 2017

A. K. Capital Services Limited has

won International Financial
Review IFR Asia’s “India Bond
Deal of the year 2006”

The Economic Times The Economic Times

Saturday, 25 August 2012 Sunday, 11 August 2013

08 www.akgroup.co.in
 In The News
LARGEST MUNICIPAL BOND ISSUE IN THE COUNTRY
AK Capital as Advisor & Sole Arranger
got recognition from AP CM & APCRDA Of icials

Government of India
Ministry of Housing
and Urban Affairs
(Formerly known as
Ministry of Urban
Development)

“After the success of

 Lucknow muni and
Ghaziabad muni bond
issuances we expect
that more ULBs (urban
local bodies) will
explore debt markets to
“Ministry of Housing raise funds via green
and Urban Affairs bonds,” said AK
(‘MoHUA’) Mittal, MD, AK
congratulates Capital.
APCRDA, Amaravati
for issuing bonds
worth Rs. 2000 crore
and awards Rs. 26 Source:
crore as incentive https://m.economictimes.com/news/economy/finance/ups-temple-towns-bonding-with-modern-finance/articleshow/81997154.cms

under AMRUT”.

09 www.akgroup.co.in
 No. 1 Merchant Banker in Debt Segment

AK Capital as been awarded as “Winner in Merchant Banker Category in Debt

Segment” by ASSOCHAM on December 22, 2017. The award was conferred to
AK Capital by Sh. P. Radhakrishnan, Hon’ble Minister of State for Finance and
Shipping, Government of India

10 www.akgroup.co.in
 Winner of BSE Awards for Bond Markets

BSE has awarded A. K. Stockmart Private Limited (subsidiary of A. K. Capital Services Limited)
with the following awards for 2018‑19:
 Top Performer in Wholesale Debt Market Segment (Corporate Bonds)
 Top Performer in Primary Market Segment (Debt Public Issue Bids ‑ Members)
 Top Performer in Wholesale Debt Market (Government Securities)

11 www.akgroup.co.in
 Government Advisory
Government of India Advisor to the Government
Ministry of Finance
Appointed as Advisor & Advised Government of India for successfully Tranches (I & II) of BHARAT Bond ETF based on the Capex and
DEPARTMENT OF
INVESTMENT AND PUBLIC
Business needs of CPSEs/PSBs/PSUs. Now total Number of participating CPSEs/PSBs/PSUs has reached to 15.
ASSET MANAGEMENT 01
July 2018 | (For 3 years and further extendable for another 2 years)

Financial Consultant
Indian Ports Association Financial Consultant
(An apex body of major ports
under Administrative Control
Selected and Empanelled as “Financial Consultant” to assist resource mobilization Assistance to Major Ports in India *
of Ministry
of Shipping, Government
of India) 01 * Source: http://www.ipa.nic.in/WriteReadData/Links/Empanelled%20List‑%20Financial%20Consultant54e50e57‑a47e‑4e5e‑91db‑57eaf4897850.pdf

Landmark Deals
Arranger to the Maiden Issues
 Facilitated & Managed Maiden Principal Protected – Market Linked Debentures (PP‐MLD) Bond Issue of Rs. 500 crore for & irst ever in
REC Limited
India by any PSU‐PFI as an Arranger.
July 2020
Jan 2021
01  Facilitated & Managed Maiden Perpetual Bond Issue of Rs. 558.40 crore for & irst ever in India by any PSU‐PFI (Jan 2021). We acted as
an arranger and mobilized highest amount, among all others.

Arranger to the Mega Issue

Bharat Sanchar
 Facilitated Telecom major PSU in India and Managed its mega Rs. 8,500 crore maiden Government of India Guaranteed Bond Issue ,
Nigam Limited which is the biggest Government of India Guaranteed Bond issue in history amongst all public sector undertaking till date and we acted
September 2020 02 as a Merchant Banker/Arranger to the issue

Lead Manager to the Maiden Public Issue

Power Finance
Corporation  Successfully managed India’s irst Taxable Debt IPO of Rs. 4,428.99 cr by any CPSU/CPFI/Navratna in India and Biggest debt public
Limited issue . Issue was subscribed more than 9 times of base issue size on day one and We stood as number 1 among all LMs in terms of
Jan 2021
03 number of retail application & amount mobilization. This was India’s irst Debt IPO with UPI payment mechanism.

12 www.akgroup.co.in
 PSU Advisory
Debt Restructuring Program Debt Program
Over ` 30,000 Cr. Over ` 3,465 Cr.
Food Corporation Airport Authority
of India Market borrowing through issue of of India Raised Bonds/ Commercial Paper
Feb 2005 to Aug 2021 GoI Guaranteed Bonds aggregating to Jan 2010 to Jul 2011 aggregating to ` 3,465 Cr.
` 53606 Cr.
01 02

Market Borrowing Program Debt Program

National Highways HMT Ltd.
Authority of India The 1st public issue of tax free bonds in India Successfully executed the (i) 1st buy‑back of GoI Guaranteed
aggregating to ` 87850 Cr. Issue was subscribed by Bonds aggregating to `159 Cr. & (ii) pre‑ponement of 1st
Dec 2010 to Nov 2013 installment of redemption of GOI Guaranteed Bonds
over 2 times on the day one
aggregating to ` 310 Cr.
03 04

Debt Program Debt Program

Indian Oil National Cooperative
Corporation Ltd. Successfully executed Bond Issues worth ` 26,000 Cr. Dev. Corp. Associated as an ‘Advisor’ for the market
May 2005 to Jun 2014 and executed sell down of Oil Bonds Jul 2011 to Dec 2020 borrowing program of NCDC ` 1700 Cr.

05 06

Market Borrowing Program Market Borrowing Program

Over Rs. 4250 cr Mangalore Re inery of Rs. 5,000 cr
THDC India “AK Capital successfully performed as a ‘Lead Arranger/ and AK Capital successfully performed as a ‘Lead Advisor
Limited Advisor’ for raising of funds through issue Petrochemicals cum Arranger’ for raising of funds through
of Taxable Bonds” issue of Taxable Bonds of Rs 1,217 cr
Sep 2019 to Limited
Aug 2021 07 Dec 2020 08

Debt Borrowing Program Debt Borrowing Program

ONGC Mangalore
AK Capital associated as a ‘Sole Advisor’ for the SJVN Limited AK Capital associated as a ‘Sole Advisor’ for the debt
Petrochemicals market borrowing program of OMPL borrowing program of SJVN
Limited in FY 2020‑21 Aug 2021
09 10
13 www.akgroup.co.in
 One of the largest bond issue by any State Level Entity in India

UTTAR PRADESH POWER CORPORATION LIMITED

(Govt. of Uttar Pradesh Undertaking)

Government of Uttar Pradesh Serviced and Guaranteed bonds

AK Capital acted as a Merchant Banker/ Arranger for the bond issue of Rs. 3951.20 Crores by Uttar
Pradesh Power Corporation Ltd. (UPPCL).

 Major investors include Mutual funds, foreign banks,

domestic banks, NBFCs, Insurance companies, Corporates,
etc. which shows investor confidence in State bond market and
power sector. Bumper response of
Rs. 4503.20 Crore i.e.,
 The issue was rated A+ (CE) by CRISIL ratings and India Ratings. more than 2 times of
The funds are raised at the coupon rate of 9.70%. base issue size of Rs.
2000 Crore
 The bonds have strong Debt Servicing Mechanism with
Government guarantee and Government servicing of bonds
throughout the tenure through budgetary allocation.
March 2022

14 www.akgroup.co.in
 Major Assignment Municipals / Smart Cities / ULBs in FY 2020‑21
India’s First Green Municipal Bond
Merchant Banker /Arranger to the Issue
Ghaziabad Nagar
Nigam (GNN) Acted as “Merchant Banker / Arranger for Private placement of India’s First Green Municipal Bonds
(Incorporated under
Uttar Pradesh
aggregating to` 150 crore
Municipal Corporation
01 “Rated AA by India Ratings & AA (CE) Brickwork Ratings ”
Act 1959)
March 2021

First Municipal Bond Issue From North India

Transaction Advisor Cum Merchant Banker /Arranger to the Issue
Lucknow Municipal
Corporation (LMC) Acted as Transaction Advisor Cum Merchant Banker /Arranger to the Issue for Private placement of First Municipal
(Incorporated under Bond from North India aggregating to ` 200 crore
Uttar Pradesh
Municipal Corporation 02 “Rated AA by India Ratings & AA (CE) Brickwork Ratings ”
Act 1959)
November 2020

15 www.akgroup.co.in
 Other Major Assignment Municipals / Smart Cities / ULBs / SLUs
Major Milestone ULB Deal Of The Fy 2018‑19 Major State Level Undertaking deal
“Advisor & Sole Arranger to India’s Largest bond Issue “Transaction Advisor & Arranger to the issue”
of Rs 2,000 crore issued by Urban Local Body (ULB)”

“Advisory”
01 Acted as an ‘Advisor’ for raising of funds through 02 “Transaction Advisor”
issue of Bonds for Amaravati Capital City.
“Structured and placed the irst mega private Acted as a “Transaction Advisor” for Non SLR Bond
placement of Bonds aggregating ` 2,000 crore from Issue
any Urban Local Bodies (ULB’s) in India”

Date of Award ‑ December 2017

Andhra Pradesh Kerala Financial Corporation
Capital Region Development (Incorporated under
Authority “Sole Arranger” the State Financial
(Government of
Acted as a ‘Sole Arranger” for Private Corporations Act No. “Arranger to the Issue”
Andhra Pradesh)
placement of Amaravati Bond 2018 LXIII of 1951)
Acted as an ‘”Arranger” for Private placement of Bonds
aggregating to ` 250 crore
“Rated AA‑ (SO) & A+ through various Credit
“Rated AA(SO) by Brickwork Rating & SMERA Rating”
Enhancement Features”

Issue Date ‑ April 2018

{Amount Mobilized by AK Capital : ` 2,000.00 crore}

“Arranger to the Issue”

03 Acted as an ‘”Arranger” for Private placement of Bonds

Arranger to the Issue aggregating to Rs. 250 crore
“Rated AA(SO) by Brickwork Rating &
Acuite Rating (Formerly known as SMERA Rating)”
Acted as an ‘”Arranger” for Private placement of Issue Date ‑ July 2019
Municipal Bonds aggregating to ` 175 crore
“Rated AA(SO) by Brickwork Rating & Acuite Rating”
Bhopal Municipal “Arranger to the Issue”
Corporation September 2018
Acted as an ‘”Arranger” for Private placement of Bonds
(Government of
Madhya Pradesh)
aggregating to Rs. 250 crore
“Rated AA(CE) by Brickwork Rating &
AA by Acuite Rating (Formerly known as SMERA Rating)”
Issue Date ‑ September 2020

16 www.akgroup.co.in
 Major Ongoing Assignments for Urban Local Bodies

Transaction Advisor Cum Merchant Banker /Arranger to the Issue

Varanasi Municipal
Corporation
(Incorporated under
Working as the transaction advisor and merchant banker for the proposed bond issue of Varanasi
Uttar Pradesh Municipal Corporation
Municipal Corporation
Act 1959)
01

Transaction Advisor Cum Merchant Banker /Arranger to the Issue

Prayagraj Municipal
Corporation
(Incorporated under
Working as the transaction advisor and merchant banker for the proposed bond issue of Prayagraj
Uttar Pradesh Municipal Corporation
Municipal Corporation
Act 1959)
02

17 www.akgroup.co.in
 Assignment : Transaction Advisory for providing Technical Assistance
Government of India
Ministry of
in issuing Municipal Bonds (Municipal / ULB / Smart Cities Advisory)
Housing and Urban Affairs
(Formerly known as Selected as one of the “Transaction Advisory Firm” for providing technical assistance to Urban Local Bodies in
Ministry of Urban issuing Municipal Bonds for Smart City Projects in India*
Development)

Andhra Pradesh Urban Department of Housing & Urban Gwalior Smart City Jabalpur Smart City Ltd.
Finance & Infrastructure Development (Govt. of Odisha)
“Transaction advisor to 5 cities in Odisha Development (Govt. of Madhya
Development Corp. Ltd. including Cuttack, Rourkela etc”
Corporation Ltd. Pradesh)
“Transaction advisor to 30 cities in AP including
Tirupati, Vijayawada etc

Lucknow Municipal Corp. Raipur Smart City Ltd. Ranchi Municipal Corp.
(Govt. of Uttar Pradesh) (Govt. of Chhattisgarh) (Govt. of Jharkhand)

Assignment : Financial Advisory Consultancy Services to

Andhra Pradesh Maritime Board
Andhra Pradesh
Maritime Board
(Government of
Andra Pradesh)

 AK Capital is empanelled with Indian Ports Association as ‘Financial Consultant’ for assistance in fund raising
exercise to major ports in India

 Conducted inancial feasibility and viability including inancial projections and fund raising options for Andhra
Pradesh Maritime Board in September 2020 for development of green ield ports at Ramayapatnam and
Bhavanapadu
18 www.akgroup.co.in
 Performance in Key Public Issues of Bonds
Issuer
FY Muthoot Finance Limited Piramal Housing & Finance Limited
Amount raised (` in crs) 1,700 804
21 ‑ 22 Amount Procured and retained (` in crs) 557 236
Rank 1st 1st
Ranking based on the Amount and Number of Applications Procured from Retail Category

Issuer
FY Power Finance Corporation Limted Muthoot Finance Limited
Amount raised (` in crs) 4,429 2,000
20 ‑ 21 Amount Procured and retained (` in crs) 1,020 686
Rank 1st 1st
Ranking based on the Amount and Number of Applications Procured from Retail Category
Ranking based on Number of Applications Procured from Retail Category

Issuer Tata Capital Financial Tata Capital Housing

L&T Finance Limited L&T Finance Limited
FY Services Limited Finance Limited

19 ‑20 Amount raised (` in crs) 1,000 1420.91 2,158 2,000

Amount Procured and retained (` in crs) 422 624.16 1003 1105
Rank 1st 1st 1st 1st

Issuer Tata Capital Financial Mahindra & Mahindra

FY Services Limited L&T Finance Limited Financial Services Limited

18 ‑19 Amount raised (` in crs) 3,373 1,500 2,146

Amount Procured and retained (` in crs) 1,712 778 606
Rank 1st 1st 1st
Ranking based on the Amount and Number of Applications Procured from Retail Category
Ranking based on Number of Applications Procured from Retail Category

19 www.akgroup.co.in
 Basel III Compliant Perpetual Bonds & Tier 2 Bonds (PSU Banks)

Bank of Baroda Canara Bank Indian Bank Punjab National Bank Union Bank of India
along with erstwhile Dena Bank
State Bank of India
along with erstwhile Syndicate along with erstwhile Allahabad along with erstwhile Oriental & erstwhile associate banks along with erstwhile Andhra
and Vijaya Bank Bank of Commerce and United
Bank Bank Bank and Corporation Bank
Bank of India

(Perpetual Bonds) (Perpetual Bonds) (Perpetual Bonds) (Perpetual Bonds) (Perpetual Bonds) (Perpetual Bonds)
FY 08 ‑ 15 ` 2,612 Cr. FY 07 ‑ 18 ` 4,208 Cr. FY 08 ‑ 17 ` 1,100 Cr. FY 06 ‑ 18 ` 21,220 Cr. FY 06 ‑ 11 ` 1,960 Cr. FY 06 ‑ 18 ` 4,188 Cr.

(Tier II Bonds) (Tier II Bonds) (Tier II Bonds) (Tier II Bonds) (Tier II Bonds) (Tier II Bonds)
FY 99‑19 ` 8,726 Cr. FY 01‑14 ` 7,348 Cr. FY 01‑10 ` 3,145 Cr. FY 01‑18 ` 12,850 Cr. FY 06‑08 ` 1,400 Cr. FY 01‑18 ` 8,395 Cr.

Indian Overseas Bank IDBI BANK

Bank Of India Bank of Maharashtra Central Bank of India

(Perpetual Bonds) (Perpetual Bonds) (Perpetual Bonds) (Perpetual Bonds) (Perpetual Bonds)
FY 07 ‑ 17 ` 2,580 Cr. FY 07 ‑ 17 ` 1,795 Cr. FY 12 ‑ 13 ` 500 Cr. FY 06 ‑ 15 ` 1,080 Cr. FY 09 ‑ 17 ` 3,081 Cr.

(Tier II Bonds) (Tier II Bonds) (Tier II Bonds) (Tier II Bonds) (Tier II Bonds)
FY 05 ‑ 14 ` 3,483 Cr. FY 01 ‑ 10 ` 2,180 Cr. FY 01 ‑ 11 ` 4,506 Cr. FY 01 ‑ 11 ` 4,292 Cr. FY 06 ‑ 13 ` 5,218 Cr.

UCO Bank Punjab & Sind Bank

(Perpetual Bonds) (Perpetual Bonds)

FY 05 ‑ 07 ` 380 Cr. FY 17 ‑ 18 ` 1000 Cr.

(Tier II Bonds) (Tier II Bonds)

FY 01 ‑ 10 ` 3,795 Cr. FY 01 ‑ 20 ` 977 Cr.

20 www.akgroup.co.in
Basel III Compliant Perpetual Bonds & Tier 2 Bonds (Pvt. Banks)

Capital Local Area DCB Bank Ltd. The Federal Bank Ltd. HDFC Bank Ltd.
Bank Ltd.

(Tier II Bonds) (Tier II Bonds) (Tier II Bonds) (Tier II Bonds)

FY 15 ‑ 16 ` 25 Cr. FY 02 ‑ 18 ` 842 Cr. FY 02 ‑ 07 ` 470 Cr. FY 03 ‑ 07 ` 1,183 Cr.

ICICI Bank Ltd. IndusInd Bank Ltd. The South Indian

Bank Ltd.

(Tier II Bonds) (Tier II Bonds) (Tier II Bonds)

FY 04 ‑ 05 ` 450 Cr. FY 02 ‑ 09 ` 1,090 Cr. FY 00 ‑ 19 ` 1,200 Cr.

21 www.akgroup.co.in
 Perpetual Bonds

Cholamandalam Investment
Tata Motors Finance Ltd. UCO BANK
& Fin. Co. Ltd.

Perpetual Bond Issue Perpetual Bond Issue Perpetual Bond Issue

FY 20‑21 FY 18‑19 FY 21‑22 FY 19‑20* March 2006
` 770 Cr. ` 56 Cr. ` 385 Cr. ` 100 Cr. ` 150 Cr.
FY 14‑15 FY 13‑14
*A. K. Capital Services Limited A. K. Capital Services Limited
` 17.50 Cr. ` 24.50 Cr.
acted as Sole Arranger in 2019. won the International Financing Review (IFR),
Asia’s India Bond Awards for First ever
A. K. Capital Services Limited Coupon Discretion at the option of Bond of Perpetual Bond Issue by a Bank ‑ UCO Bank in
acted as Sole Arranger for Directors of the Issuer was structured for 2006
Perpetual Bond Issue the irst time by an NBFC which along with
perpetual nature, provided a superior quality
of Tier I Capital to the Issuer

Key Structured Debt

Asset Backed Debentures Debt Service Reserve Account
(DSRA) Backed Debentures
IFCI Limited

NCD Sobha Developers Ltd. Ashiana Housing Ltd.

FY 16 ‑ 17 ` 575 Cr.
Credit enhancement: By way of structured payment NCD NCD
mechanism backed by G‑Secs (Special Security issued FY 15‑16 ` 125 Cr. FY 15‑16 ` 50 Cr.
by Government of India)

22 www.akgroup.co.in
 Distinct Structuring

` 159 Cr.
1st Premature Redemption of Successfully executed Country’s
1st Buy‐back of GoI Guaranteed Bonds
Perpetual Tier 1 Bonds in India ` 310 Cr.
HMT Ltd. Preponement of redemption of GoI
Guaranteed Bonds
FY 07 ‑ 08

` 25 Cr.

Phillips Carbon Black Ltd. Successfully executed Country’s 1st NCD

Central Bank of India issue backed with unconditional and
irrevocable guarantee from ICICI Bank Ltd.

FY 02 ‑ 03

FY 16 ‑ 17
` 359 Cr.
` 400 Cr.
Successfully executed Country’s 1st Successfully executed Country’s 1st
Premature Redemption of Perpetual Tier Shree Maheshwar Hydel Optionally Fully Convertible Debenture
1 Bonds Power Corporation Ltd. Issue backed with unconditional and
irrevocable guarantee from
Power Finance Corporation Ltd.
FY 07 ‑ 08

23 www.akgroup.co.in
 Redeemable Preference Shares

L&T Finance Holdings Ltd. Tata Capital Ltd.

Non‑Convertible Preference Shares

Non‑Convertible Compulsorily
Jul 2017 Sep 2017
Redeemable Cumulative Preference
` 215 Cr. ` 75 Cr.
Shares
Oct 2016 Sep 2016
` 75 Cr. ` 100 Cr.
May 2015 Jun 2014 Mar 2015 Aug 2014
` 600 Cr. ` 263.40 Cr. ` 500 Cr. ` 205 Cr.

24 www.akgroup.co.in
 Key State Govt. Guaranteed Bond Issues
Mar 2015 Jan 2015 Aug 2014 Dec 2013
Cauvery Neeravari Nigam ltd. Haryana Vidyut Prasaran Krishna Bhagya Jala Nigam Ltd. Krishna Bhagya Jala Nigam Ltd.
Nigam Ltd.

Secured by Unconditional & Secured by Unconditional & Secured by Unconditional & Secured by Unconditional &
Irrevocable State Govt. Irrevocable State Govt. Irrevocable State Govt. Irrevocable State Govt.
Guarantee Guarantee Guarantee Guarantee

Issue Size : ` 200.00 Cr. Issue Size : ` 265.70 Cr. Issue Size: ` 500 Cr. with a Issue Size : ` 500 Cr. with a
Green Shoe option upto Green Shoe option upto
` 250 Cr. ` 250 Cr.

Issue fully subscribed Issue fully subscribed Issue oversubscribed, total Issue fully subscribed, total
amount mobilised amount mobilised
` 501.60 Cr. ` 644.50 Cr.

Apr 2013 Oct 2012 May 2012 May 2012

Tamil Nadu Power Finance and Haryana Vidyut Prasaran Nigam Rajasthan Financial Haryana Vidyut Prasaran Nigam
Infrastructure Dev. Corp. Ltd. Ltd. Corporation Ltd.

Secured by Unconditional & Secured by Unconditional & Secured by Unconditional & Secured by Unconditional &
Irrevocable State Govt. Irrevocable State Govt. Irrevocable State Govt. Irrevocable State Govt.
Guarantee Guarantee Guarantee Guarantee

Issue Size: ` 500 Cr. with a Issue Size : ` 300 Cr. with a Issue Size: ` 100 Cr. Issue Size: ` 400 Cr. with a
Green Shoe option upto Green Shoe option upto Green Shoe option upto
` 500 Cr. ` 289.10 Cr. ` 100 Cr.

Issue oversubscribed in just two Issue oversubscribed, total Issue fully subscribed Issue oversubscribed
weeks of its opening amount mobilised ` 423.40 Cr.

25 www.akgroup.co.in
 Key NBFCs

Aditya Birla Finance Ltd. Axis Finance Ltd. Bajaj Finance Ltd. Belstar Investment and Cholamandalam Capital First Ltd.
Finance Pvt. Ltd. Investment & Fin. Co. Ltd.
NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP
FY 21‑22 ` 20 Cr. FY 18‑19 ` 71 Cr. FY 21‑22 ` 1117 Cr. FY 20‑21 ` 40 Cr. FY 21‑22 ` 2450 Cr. FY 15‑16 ` 225 Cr.
FY 20‑21 ` 775 Cr. FY 20‑21 ` 194 Cr. FY 17‑18 ` 100 Cr. FY 20‑21 ` 45 Cr. FY 14‑15 ` 200 Cr.
FY 19‑20 ` 206 Cr. FY 18‑19 ` 26 Cr. FY 19‑20 ` 140 Cr. FY 13‑14 ` 650 Cr.
FY 18‑19 ` 428 Cr. FY 16‑17 ` 910 Cr. FY 18‑19 ` 56 Cr.

Coastal Gujarat Power Ltd. Caspian Impact Ess Kay Fincorp Finova Capital Pvt. Ltd. Fedbank Financial Fullerton India Credit
Investments Pvt. Ltd. Pvt. Ltd. Services Ltd. Company Ltd.
NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP
FY 20‑21 ` 350 Cr. FY 20‑21 ` 75 Cr. FY 20‑21 ` 210 Cr. FY 21‑22 ` 1353 Cr. FY 15‑16 ` 95 Cr. FY 20‑21 ` 100 Cr.
FY 19‑20 ` 1110 Cr. FY 17‑18 ` 25 Cr. FY 17‑18 ` 35 Cr. FY 18‑19 ` 25 Cr. FY 13‑14 ` 50 Cr. FY 18‑19 ` 25 Cr.
FY 17‑18 ` 50 Cr. FY 16‑17 ` 30 Cr. FY 16‑17 ` 745 Cr. FY 12‑13 ` 175 Cr. FY 14‑15 ` 25 Cr.
FY 15‑16 ` 536 Cr. FY 12‑13 ` 245 Cr.

Hero Fincorp Ltd. HDFC Credila Hinduja Leyland Finance IDFC Infrastructure Infrastructure Dev. Fin. IndoStar Capital Finance
Financial Services Ltd. Ltd. Finance Ltd. Corp. Ltd. Ltd.
NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan
FY 20‑21 ` 200 Cr. FY 19‑20 ` 100 Cr. FY 21‑22 ` 250 Cr. FY 19‑20 ` 26 Cr. FY 19‑20 ` 26 Cr. FY 20‑21 ` 50 Cr.
FY 16‑17 ` 104 Cr. FY 15‑16 ` 100 Cr. FY 15‑16 ` 500 Cr. FY 15‑16 ` 2973 Cr. FY 14‑15 ` 35 Cr.
FY 15‑16 ` 140 Cr. FY 14‑15 ` 400 Cr. FY 14‑15 ` 1015 Cr. FY 14‑15 ` 300 Cr. FY 13‑14 ` 75 Cr.

26 www.akgroup.co.in
 Key NBFCs

JM Financial Credit Kotak Mahindra Prime Khush Housing Finance Kogta Financial (India) Kanakadurga Finance Kotak Infrastructure
Solutions Ltd. Ltd. Pvt. Ltd. Ltd. Ltd. Debt Fund Ltd.
NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/ Sub Debt/CP
FY 15‑16 ` 30 Cr. FY 20‑21 ` 560 Cr. FY 17‑18 ` 40 Cr. FY 20‑21 ` 75 Cr. FY 20‑21 ` 40 Cr. FY 19‑20 ` 100 Cr.
FY 16‑17 ` 230 Cr. FY 18‑19 ` 15 Cr. FY 18‑19 ` 20 Cr.
FY 15‑16 ` 155 Cr. FY 16‑17 ` 15 Cr. FY 17‑18 ` 30 Cr.
FY 14‑15 ` 50 Cr.

L&T Finance Ltd. L&T Infrastructure Mentor Home Mahindra & Mahindra Muthoot Finance Ltd. Mahaveer Finance India
Finance Company Ltd. Loans Ltd. Financial Services Ltd. Ltd.
NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan
FY 21‑22 ` 600 Cr. FY 20‑21 ` 283 Cr. FY 20‑21 ` 65 Cr. FY 21‑22 ` 875 Cr. FY 21‑22 ` 100 Cr. FY 20‑21 ` 25 Cr.
FY 20‑21 ` 560 Cr. FY 18‑19 ` 45 Cr. FY 17‑18 ` 10 Cr. FY 18‑19 ` 475 Cr. FY 16‑17 ` 616 Cr. FY 18‑19 ` 15 Cr.
FY 19‑20 ` 92 Cr. FY 16‑17 ` 825 Cr. FY 16‑17 ` 5 Cr. FY 16‑17 ` 462 Cr. FY 14‑15 ` 200 Cr.
FY 18‑19 ` 47 Cr. FY 15‑16 ` 1968 Cr. FY 15‑16 ` 29 Cr.

Manappuram Finance Shriram City Union Ltd. Shriram Transport Fin. Sundaram Finance Ltd. Sundaram Home Finance Tata Capital Financial
Limited Ltd. Ltd. Services Ltd.
NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP
FY 20‑21 ` 50 Cr. FY 21‑22 ` 839 Cr. FY 16‑17 ` 485 Cr. FY 21‑ 22 ` 50 Cr. FY 21‑ 22 ` 25 Cr. FY 21‑22 ` 1664 Cr.
FY 19‑20 ` 575 Cr. FY 15‑16 ` 10 Cr. FY 19‑20 ` 123 Cr. FY 19‑20 ` 102 Cr. FY 19‑20 ` 740 Cr.
FY 18‑19 ` 500 Cr. FY 14‑15 ` 200 Cr. FY 18‑19 ` 468 Cr. FY 18‑19 ` 496 Cr.
FY 16‑17 ` 60 Cr. FY 16‑17 ` 160 Cr. FY 16‑17 ` 1300 Cr.

27 www.akgroup.co.in
 Key NBFCs

Tata Cleantech Capital Tata Capital Ltd. Tata Motors Volkswagen Finance Auxilo Finserve Private Muthoot Capital Services
Ltd. Finance Ltd. Private Ltd. Ltd. Ltd.
NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP NCD/Sub Debt/CP
FY 19‑20 ` 200 Cr. FY 21‑22 ` 1000 Cr. FY 21‑22 ` 385 Cr. FY 15‑16 ` 150 Cr. FY 20‑21 ` 70 Cr. FY 20‑21 ` 75 Cr.
FY 20‑21 ` 505 Cr. FY 20‑21 ` 2460 Cr. FY 14‑15 ` 375 Cr.
FY 19‑20 ` 30 Cr. FY 19‑20 ` 450 Cr. FY 13‑14 ` 70 Cr.
FY 15‑16 ` 300 Cr. FY 18‑19 ` 125 Cr.

Clix Capital Services Motilal Oswal Home SBFC Finance Private Vastu Finserve India Inditrade Micro inance Laxmi India Finleasecap
Private Ltd. Finance Ltd Ltd. Private Limited Ltd. Private Limited
NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan
FY 20‑21 ` 127 Cr. FY 20‑21 ` 75 Cr. FY 20‑21 ` 50 Cr. FY 20‑21 ` 25 Cr. FY 20‑21 ` 20 Cr. FY 20‑21 ` 20 Cr.

Orange Retail Finance Manba Finance Muthoot Capital Services Spanadana Sphoorty Oxyzo Financial Services Navi Finserv Private
India Private Ltd. Ltd. Financial Limited Pvt. Ltd. Limited
NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP/Loan
FY 18‑19 ` 12 Cr. FY 20‑21 ` 30 Cr. FY 20‑21 ` 75 Cr. FY 20‑21 ` 40 Cr. FY 20‑21 ` 25 Cr. FY 21‑22 ` 100 Cr.
FY 17‑18 ` 12 Cr. FY 20‑21 ` 15 Cr.

28 www.akgroup.co.in
 Key Housing Finance Companies

Aadhar Housing Finance Aditya Birla Housing Aspire Home Finance Bajaj Housing Finance L&T Housing Mahindra Rural Housing
Limited Finance Ltd. Corporation Ltd. Limited Finance Ltd. Finance Ltd.
NCD/ Sub Debt/CP NCD/ Sub Debt/CP NCD/Sub Debt/CP/Loan NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP
FY 20‑21 ` 600 Cr. FY 18‑19 ` 10 Cr. FY 16‑17 ` 140 Cr. FY 20‑21 ` 115 Cr. FY 20‑21 ` 270 Cr. FY 21‑22 ` 1250 Cr.
FY 16‑17 ` 415 Cr. FY 15‑16 ` 165 Cr. FY 18‑19 ` 8 Cr. FY 20‑21 ` 50 Cr.
FY 16‑17 ` 429 Cr. FY 16‑17 ` 50 Cr.
FY 15‑16 ` 297 Cr.

HDB Financial HDFC Ltd. ICICI Home Finance Tata Capital Housing Vastu Housing Finance Tata Housing
Services Ltd. Company Ltd. Finance Ltd. Corporation Ltd. Development Co. Ltd.
NCD/Sub Debt/CP NCD/ Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP
FY 21‑22 ` 710 Cr. FY 15‑16 ` 1500 Cr. FY 21‑22 ` 158 Cr. FY 21‑22 ` 1353 Cr. FY 20‑21 ` 75 Cr. FY 16‑17 ` 200 Cr.
FY 20‑21 ` 1300 Cr. FY 14‑15 ` 100 Cr. FY 20‑21 ` 159 Cr. FY 18‑19 ` 25 Cr. FY 17‑18 ` 25 Cr.
FY 19‑20 ` 260 Cr. FY 07‑08 ` 300 Cr. FY 19‑20 ` 275 Cr. FY 16‑17 ` 745 Cr.
FY 18‑19 ` 50 Cr. FY 16‑17 ` 150 Cr. FY 15‑16 ` 536 Cr.

29 www.akgroup.co.in
 Key MFIs, MSMEs, & Retail NBFCs

Asirvad Micro inance Ltd Avanse Financial Arohan Financial Aptus Finance Indian Electronica Finance FIVE Star Business
Services Ltd. Services Pvt. Ltd. Pvt. Ltd. Limited Finance Limited
NCD/Sub Debt/CP NCD/Sub Debt/CP/ Loans NCD/Sub Debt/CP/ Loans NCD/Sub Debt/CP/ Loans NCD/Sub Debt/CP NCD/Sub Debt/CP
FY 20‑21 ` 75 Cr. FY 21‑22 ` 100 Cr. FY 20‑21 ` 200 Cr. FY 19‑20 ` 50 Cr. FY 17‑18 ` 10 Cr. FY 20‑21 ` 50 Cr.
FY 19‑20 ` 325 Cr. FY 16‑17 ` 75 Cr. FY 16‑17 ` 25 Cr. FY 19‑20 ` 95 Cr.
FY 18‑19 ` 50 Cr. FY 18‑19 ` 5 Cr.
FY 16‑17 ` 190 Cr. FY 16‑17 ` 40 Cr.

Svatantra Micro in Pvt Ltd IKF Finance Jain Sons Finlease NeoGrowth Credit Annapurna Finance Pvt Vistaar Financial Services
Ltd. Ltd. Pvt. Ltd. Ltd Pvt. Ltd.
NCD/Sub Debt/CP NCD/Sub Debt/CP/ Loans NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP
FY 21‑22 ` 70 Cr. FY 20‑21 ` 25Cr. FY 17‑18 ` 25 Cr. FY 17‑18 ` 25 Cr. FY 20‑21 ` 20 Cr. FY 18‑19 `199 Cr.
FY 16‑17 ` 15 Cr. FY 16‑17 ` 25 Cr. FY 16‑17 ` 125 Cr.

Veritas Finance Private Yogakshemam Loans Ltd. Belstar Micro Finance Ltd.
Ltd.
NCD/Sub Debt/CP/ Loans NCD/Sub Debt/CP NCD/Sub Debt/CP
FY 21‑22 ` 30 Cr. FY 17‑18 ` 15 Cr. FY 20‑21 ` 40 Cr.
FY 20‑21 ` 125 Cr.
FY 14‑15 ` 25 Cr.

30 www.akgroup.co.in
 Securitisation
 A.K. Capital has facilitated the placement of 1st Listed STC Compliant Pass‑ through Certi icates of a lower rated issuer as per the New
Master Directions issued by RBI in September 2021
 A.K. Capital has been a market leader in placement of STC compliant listed issuances and has funded ~350 crs over last two quarters
`
 A.K. Group has mobilized ~2000 crores in structured products market in FY22 and has successfully introduced these products to new
investor classes such as HNIs, Family Of ices, Mutual Funds and Wealth Funds.

46% 36% 13% 5%

Vehicle Mortgage
MSME Personal Loan
Finance Loans

Sectoral Diversi ication of Mobilized Funds of ~ ` 2000 Cr.

Ashv Finance Clix Capital Dhanvarsha Fedbank Financial Fullerton India Home First Finance India Shelter Kanakadurga
Limited Services Private Finvest Limited Services Limited Credit Company Company India Finance Finance Limited
Limited Limited Limited Corporation Limited

Kogta Financial Laxmi India Lendingkart Five‑Star Business Motilal Oswal NeoGrowth Credit Shriram Transport SK Finance
India Limited Finleasecap Private Finance Limited Finance Limited Home Finance Private Limited Finance Company Limited
Limited Limited Limited

31 www.akgroup.co.in
 Key Small Finance Banks

AU Small Finance Bank Capital Small Finance ESAF Small

Bank Finance Bank

NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP

FY 15‑16 ` 500 Cr. FY 15‑16 ` 25 Cr. FY 15‑16 ` 25 Cr
FY 12‑13 ` 50 Cr.

Equitas Small Finance Fincare Small Finance Suryoday Small

Bank Bank Finance Bank

NCD/Sub Debt/CP NCD/Sub Debt/CP NCD/Sub Debt/CP

FY 14‑15 ` 60 Cr. FY 17‑18 ` 50 Cr. FY 16‑17 ` 25 Cr.

32 www.akgroup.co.in
 Key Banks

Andhra Bank Allahabad Bank of Bank of India Bank of Canara Bank Corporation Central Bank
Bank Baroda Maharashtra Bank of India

Capital Small Dena Bank Dhanlakshmi DCB Bank Federal Bank HDFC Bank Indian Indian Bank
Finance Bank Bank Ltd. Overseas Bank

IDBI Bank ICICI Bank IndusInd Bank Lakshmi Vilas Oriental Bank Punjab Punjab & State Bank
Bank of Commerce National Bank Sind Bank of India

Syndicate State Bank of State Bank of State Bank of State Bank of State Bank South Indian Union Bank of
Bank Hyderabad Travancore Patiala Saurashtra of Mysore Bank India

UCO Bank United Bank Vijaya Bank Yes Bank

of India

33 www.akgroup.co.in
 Other Corporate Clients

Afcons Air India Avanse Aditya Birla Ballarpur Coromandel

Apollo Tyers International CESC Ltd.
Infrastructure Assets Holding Financial Fashion Retail Industries
Ltd. Ltd. Ltd.
Ltd. Ltd. Services Ltd. Ltd.

Chambal Chola MS E.I.D. Parry Gati Kintetsu Godawari JK Cement L&T Ltd. NCC Ltd.
Fertilisers & General (India) Express Private Power & Ltd.
Chemicals Ltd. Insurance Ltd. Ltd. Ispat Ltd.

Nirma Ltd. Piramal Realty Reliance Jio Peninsula Land Piramal Raymond pnb metlife Redington India
Pvt. Ltd. infocomm Ltd. Ltd. Enterprises Ltd. Ltd. india insurance Ltd.
company

REC Limited The Supreme TMF Holdings star union dai‑ichi Sobha Sunteck Realty Shapoorji Small
Industries Ltd. Limited life insurance Developers Ltd. Ltd. Pallonji & Co. Industries
company limited Ltd. Development
Bank Of India

NIIF India Grid Trust Sadbhav Sobha Projects Welspun Corp

Infrastructure Engineering Ltd and Trade Pvt. Ltd.
Finance Limited Ltd.

34 www.akgroup.co.in
 Key PSUs & FIs
Airports Authority Bharat Sanchar Bharat Petroleum Canbank Factors Chennai Can Fin Damodar Valley Energy Ef iciency
of India Nigam Ltd. Corp. Ltd. Ltd. Pertroleum Corp. Homes Ltd. Corp. Services Ltd.
Ltd.

Export Import Food Corp. of Gail Hindustan Housing & Urban Hindustan Organic HMT Ltd. Indian Oil Corp.
Bank of India India (India Ltd.) Petroleum Corp. Dev. Corp. Ltd. Chemicals Ltd. Ltd.
Ltd.

Indian Railway India IDFC Ltd. IFCI Ltd. Indian Farmers Indian Renewable Inland Waterways ITI Ltd.
Finance Corp. Ltd. Infrastructure Fin. Fertilisers Coop. Energy Develop. Authority of India
Agency Ltd.
Co. Ltd. Ltd.

Industrial Dev. Konkan Railway LIC Housing Mahanagar Tel. NTPC SAIL Power NTPC Ltd. NHPC Ltd. National Highways
Bank of India Corp. Ltd. Finance Ltd. Nigam Ltd. Company Ltd. Auth. of India

Nuclear Power National Housing National Agricul. National Cap. North Eastern Neyveli Lignite National Textile National
Corp. of India Ltd. Bank Bank for Rur. Dev. Region Plan. Board Electric Power Corp. Corp. Ltd. Corp. Ltd Cooperative
Ltd. Develp. Corp. Ltd.

National Fertilizers National Insurance ONGC Videsh Ltd. ONGC Petro ONGC Mangalore Powergrid Vizag PNB Housing Power Grid Corp. of
Ltd. Co. Ltd. additions Ltd. Petrochemicals Ltd. Transmission Ltd. Finance Ltd. India Ltd.

Petronet LNG Ltd. Power Finance Rural Steel Authority of Small Industries THDC Ltd. The Oriental Tourism Finance
Corp. Ltd. Electri ication India Ltd. Dev. Bank of India Insurance Company Corp. of India Ltd.
Corp. Ltd. Ltd.

35 www.akgroup.co.in
 Network of Of ices

MUMBAI NEW DELHI KOLKATA

601‐603, 6th Floor, Windsor, 910, 9th Floor, Ansal Bhawan, 16, Om Towers, Unit No. 1408, 14th Floor ,
Off CST Road, Vidyanagari Marg, Kasturba Gandhi Marg, Connaught Place, 32, J. L. Nehru Road,
Kalina, Santacruz ‐ (East), New Delhi ‐110001. Kolkata ‐ 700 071
Mumbai – 400 098. Tel: +91 (011) 23739628 / 47340685 Tel: +91 (033) 22882644
Tel: +91 (022) 67546500 / 66349300 Fax: +91 (011) 23739627 Fax: +91 (033) 22882643
Fax: +91 (022) 66100594

CHENNAI BENGALURU AHMEDABAD

Of ice No. 17A, 1st Floor, Wellington Estate, Of ice No. 709/710, 7th Floor, 101, ‘Kaivanna’, Near Centre Point,
Ethiraj Salai, Egmore, Brigade Tower, No. 135, Brigade Road, Panchavati Circle, Off C. G. Road,
Chennai ‐ 600 008 Bengaluru ‐ 560 025 Ahmedabad – 380 009
Tel: +91 (044) 42145404 / 42147213 Tel: +91 (080) 22223404 / 22248514 Tel: +91 (079) 40190440
Fax: +91 (044) 42145405 Fax: +91 (080) 22292770 Fax: +91 (079) 26400652

HYDERABAD PUNE SINGAPORE

Of ice No. 1, Second Floor, C‐75, Shreenath Plaza, 4th Floor, Level 39, Marina Bay Financial Centre Tower
M. C. H. Premises No. 6‐3‐249/6, Dnyaneshwar Paduka Chowk, 2, 10, Marina Boulevard, Singapore 018983
Alcazar Plaza & Towers, Road No. 1, Banjara Off. F. C. Road, Pune ‐ 411004 Tel: +65 68186220
Hills, Hyderabad – 500 034 Tel: +91 (020) 48604081
Tel: +91 (040) 66759862 Fax: +91 (020) 48604086
Fax: +91 (040) 23397150

36 www.akgroup.co.in
 Disclaimer
This document has been prepared by A. K. Capital Services Limited and/or its subsidiary/ af iliate/ group/ associate company(ies) (together referred to as “A.K. Group”)
and the contents of this disclaimer are applicable to this document and to any and all written or oral communication(s) made by A.K. Group or its directors, employees,
associates, representatives and agents.
The information contained in this document is strictly con idential and solely for the information of the recipients. The information should not be reproduced or
redistributed or passed on, directly or indirectly in any form, to any other person/ entity or published, in whole or in part, for any purpose whatsoever. This document is not
directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such
distribution, publication, availability or use would be contrary to law, regulation or which would subject A.K. Group to any registration or licensing requirements within
such jurisdiction.
This document is meant for assistance purpose only and does not constitute an offer or recommendation to buy or sell any products or services of A.K. Group or any of its
third party client(s). The recipients should act and rely on the information/ data contained in this document only after understanding all associated risk parameters. Any
action/ decision taken by the recipients on the basis of the information contained in this document shall be the sole responsibility of the recipients and neither A.K. Group
nor its directors, employees, associates, representatives or agents shall be liable for any damages whether direct, indirect, special or consequential including lost revenue or
lost pro its that may arise to the recipients from or in connection with the use of the information/ data contained in this document.
The information in this document is subject to change. A.K. Group reserves the right to add, modify, alter and delete any content of this document at its sole and absolute
discretion without any prior notice and without assigning any reason whatsoever. The information/ data contained in this document is as of the date hereof. A.K. Group does
not undertake any obligation to update such information/ data for any subsequent event(s) that may occur thereafter, and does not explicitly or implicitly guarantee that
such information/ data is complete and accurate in all respects as of date hereof or that it will continue to be complete and accurate in future.
The copyright and other intellectual property rights of this document vests exclusively with A.K. Group.
This disclaimer is to be regarded as part of this document. If sections or individual terms of this statement are not legal or correct, the content or validity of the other parts
remain unin luenced by this fact.

37 www.akgroup.co.in