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IndoStar Capital Finance consolidated PAT for FY25 ₹120.5 Crore, AUM up 26%, Disbursement up 17%

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FY25 Annual Performance (Consolidated):

AUM at ₹11,053 crore, up 26% from ₹8,763 crore in FY24 and up 4% from ₹10,625 crore in Q3 FY25Focus Retail AUM (CV + HFC) ~ ₹10,492 crore; up 33% from ~ ₹7,864 crore in FY24Disbursements (CV + HFC) of ₹6,374 crore, up 25% from ₹5,081 crore in FY24

Q4 FY25 Highlights (Standalone – ICF):

AUM at ₹7,963 crore, up 1% QoQ from ₹7,877 crore in Q3 FY25 and up 23% from Q4 FY24VF AUM at ₹7,401 crore, up 1% QoQ from ₹7,303 crore in Q3 FY25 and up 32% from Q4 FY24VF Disbursements at ₹1,046 crore, down 24% from ₹1,383 crore in Q4 FY24Debt/Equity Ratio at 2.03xGross Stage 3 assets at 4.52% for Q4 FY25Net Stage 3 assets are at 2.46% for Q4 FY25Strong Capital Adequacy at 28.46%

Q4 FY25 Highlights (Subsidiary – Niwas Housing Finance Private Limited “NHFPL” formerly known as IndoStar Home Finance Private Limited):

AUM at ₹3,091 crore, up 12% QoQ from ₹2,748 crore in Q3 FY25, and up 36% from Q4 FY24Disbursements at ₹455 crore up 50% from ₹302 crore in Q4 FY24Debt/Equity Ratio at 3.43x timesGross Stage 3 assets at 1.35% for Q4 FY25Net Stage 3 assets at 0.90% for Q4 FY25Strong Capital Adequacy at 49.80%, on a standalone basis

MUMBAI, India, April 30, 2025 /PRNewswire/ — IndoStar, a middle-layered non-banking finance company (NBFC) registered with the Reserve Bank of India, announced its financial results for the quarter ended and year ended March 31st, 2025, earlier today.

The company’s AUM at ₹11,053 crore, is up 4% QoQ from ₹10,625 crore in Q3 FY25. At a consolidated level, the Company delivered a PAT of ₹36 crore for Q4 FY25.

Progress on key initiatives is as under:

NHFPL acquisition approval from RBI: On March 21, 2025, RBI accorded its approval for the acquisition of shareholding of up to 100% of the paid-up equity capital of NHFPL by WITKOPEEND B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership (“EQT”), a global private equity investor. The closing of the transaction remains subject to completion of relevant customary conditions.

Change in Management:

IndoStar made certain changes in its board composition, including:Ms. Naina Krishna Murthy, appointed as Chairperson of the Board (w.e.f. March 5, 2025);Mr. Bobby Parikh, re-appointed to the Board as Non-Executive and Non-Independent Director (w.e.f. March 5, 2025); andMs. Sujatha Mohan, appointed as Independent Director (w.e.f. April 21, 2025)

          These changes were made with a view to augmenting the Board’s oversight in key areas such as technology and owing to the completion of the term of Mr. Bobby Parikh as Chairman and Independent Director.

Sale of Stressed Pool: On March 29, 2025, IndoStar sold a pool of assets from its Commercial Vehicle business, aggregating to dues outstanding worth ₹90.6 crore to Assets Care & Reconstruction Enterprise Limited (“ACRE”).

IndoStar Capital Finance Limited (“ICFL”) (Standalone) Financial performance

ICFL delivered a PAT of ₹12 crore in Q4 FY25. The AUM for ICFL stands at ₹7,963 crore out of which the retail vehicle finance business is ₹7,401 crore. Disbursements during the quarter stood at ₹1,081 crore, down 26% from ₹1,465 crore in Q4 FY24. The company’s Gross Stage 3 reduced to 4.52% in Q4 FY25 and Net Stage 3 is at 2.46%. The company maintained a strong Capital Adequacy Ratio (CAR) of 28.46% on a standalone basis. Debt equity ratio stood at 2.03x.

Niwas Housing Finance Private Limited (“NHFPL”) (Standalone) Financial Performance

NHFPL delivered a PAT of ₹24 crore in Q4 FY25 aided by AUM growth and securitization transactions. The AUM in NHFPL stands at ₹3,091 crore in Q4 FY25, up 36% from ₹2,270 crore in Q4 FY24. NHFPL continues to deliver on its core strategy of providing affordable housing loans in semi-rural and rural markets, while maintaining healthy asset quality. The company reported Gross Stage 3 assets at 1.35%. NHFPL has a Capital Adequacy Ratio (CAR) of 49.80%.

Key Performance Highlights (ICF Standalone):

Particulars (₹ in crore)

Q4 FY25

Q3 FY25

Q-o-Q %

Q4 FY24

Y-o-Y %

FY25

FY24

Y-o-Y %

Net Revenue from operations

181.3

180.5

0.4 %

234.0

(22.5 %)

671.6

544.1

23.4 %

Operating expenses

(119.5)

(121.2)

(1.4 %)

(112.3)

6.4 %

(481.5)

(389.4)

23.6 %

Pre-provision operating profit

61.8

59.4

4.1 %

121.7

(49.2 %)

190.1

154.7

22.9 %

Profit after tax

12.4

11.4

8.9 %

19.6

(36.5 %)

52.6

71.6

(26.6 %)

CAR (%) Standalone

28.5 %

28.5 %

28.9 %

28.5 %

28.9 %

Leverage (D/E)

2.0x

2.0x

2.0x

2.0x

2.0x

Key Performance Highlights (NHFPL Standalone):

Particulars (₹ in crore)

Q4 FY25

Q3 FY25

Q-o-Q %

Q4 FY24

Y-o-Y %

FY25

FY24

Y-o-Y %

Net Revenue from operations

74.4

60.3

23.5 %

50.4

47.7 %

238.0

182.8

30.2 %

Operating expenses

(36.7)

(33.9)

8.4 %

(28.9)

27.2 %

(132.4)

(119.6)

10.7 %

Pre-provision operating profit

37.7

26.4

42.9 %

21.5

75.1 %

105.6

63.2

67.2 %

Profit after tax

23.7

16.3

45.9 %

15.7

51.4 %

67.8

44.1

53.7 %

CAR (%) Standalone

49.8 %

52.6 %

57.3 %

49.8 %

57.3 %

Leverage (D/E)

3.4x

3.0x

2.6x

3.4x

2.6x

About IndoStar Capital Finance Limited

IndoStar is a non-banking finance company (NBFC) registered with the Reserve Bank of India classified as a middle layered NBFC. With Brookfield & Everstone as co-promoters, IndoStar is a professionally managed and institutionally owned entity engaged in providing used and new commercial vehicle financing and affordable Home Finance through its wholly owned subsidiary, Niwas Housing Finance Private Limited. For more information, visit www.indostarcapital.com.

(BSE: 541336) | (NSE: INDOSTAR) | (ISIN: INE896L01010) | CIN: L65100MH2009PLC268160 

Safe Harbor

This document is to provide the general background information about the Company’s activities as at the date of the release. The information contained herein is for general information purposes only and based on estimates and should not be considered as a recommendation that any investor should subscribe / purchase the company shares. The Company makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information contained herein. This release may include certain forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. These statements can be recognized by the use of words such as ”expects”, “plans”, ‘will”, “estimates”, “projects”, or other words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those in such forward-looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. The risks and uncertainties relating to these statements include, but not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to manage growth, competition, our ability to manage our international operations, government policies, regulations, etc. The Company does not undertake any obligation to revise or update any forward-looking statement that may be made from time to time by or on behalf of the Company including to reflect actual results, changes in assumptions or changes in factors affecting these statements. Given these risks, uncertainties and other factors, viewers of this release are cautioned not to place undue reliance on these forward-looking statements. This release may contain certain currency exchange rates and the same have been provided only for the convenience of reader.

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As AI Speeds Up Marketing, Louisville’s RedTag Bets on Strategy

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Independent agency unveils new brand and website, and co-hosts Louisville’s PROOF AI Workshop

LOUISVILLE, Ky., Oct. 17, 2026 /PRNewswire/ — RedTag, an independent Louisville-based marketing agency, this month unveiled new positioning, marking its evolution from a digital performance agency into a strategy-first marketing partner. The move comes as AI makes execution faster than ever, and RedTag is betting that strategy, not speed, is what will set businesses apart. Clients can now choose from outcome-based programs that best fit their marketing needs. 

“Clients don’t come to us needing more tactics. They come to us needing a path,” said Russ Renbarger, founder and CEO of RedTag. “Our new brand says out loud what our work has shown for years: We start with strategy and build everything on that foundation.”

RedTag built its reputation on high-performing paid digital campaigns. Over the years, the agency expanded into strategy, creative, video production and website development, giving clients one partner for the full scope of their marketing. Most recently, a team of automation specialists has integrated AI across the agency to speed up production and analysis, guided by an internal AI policy that keeps people accountable for quality. The time AI saves goes back into strategy: knowing what to say, who to say it to and why.

“Our best client relationships have always been partnerships, where we’re in the room when the big decisions get made,” said Alison Conway, chief client officer at RedTag. “This evolution is about bringing that strategic partnership to every client.”

On Oct. 14, RedTag co-hosted the PROOF AI Workshop with Slingshot, Vsimple and Advanced Business Solutions. The hands-on event gave Louisville business leaders practical experience applying AI to their own work. RedTag led the event’s AI in Marketing and Branding track, with four sessions ranging from AI search optimization to a playbook for adopting AI across an organization.

“AI can produce hundreds of ads in an afternoon, but it can’t tell you which one your brand actually needs and why,” Renbarger said. “The faster the tools get, the more valuable human-led strategy becomes.”

RedTag was named the agency of record for the Commonwealth of Kentucky in 2025. Its client list includes PGA of America, Castle & Key Distillery, Bourbon Barrel Foods, ShopCaterpillar and American Beverage Marketers. Since 2023, RedTag’s work has received two Emmy Awards and more than 35 ADDY and AIGA awards. The agency is a four-time Louisville Business First Fast 50 honoree and was named one of the 2026 Best Places to Work in Kentucky.

To learn more about its outcome-based programs, visit RedTag Programs

About RedTag

RedTag is an independent, strategy-first marketing agency based in Louisville, Kentucky. Established in 2008, the agency starts every engagement by understanding the goal before recommending tactics. With a foundation rooted in discovery, RedTag delivers full-scale marketing campaigns built around each client’s business goals. RedTag serves organizations across hospitality, sports, agriculture, government, retail and consumer packaged goods. Learn more at redtag.agency.

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SOURCE RED TAG LLC

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The National Association of Mortgage Brokers Announces its Launch of MORE, New Mortgage Education and Professional Development Platform

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NAMB MORE brings training, credentials, professional development and daily mortgage market information together in one place

LAS VEGAS, Oct. 17, 2026 /PRNewswire-PRWeb/ — The National Association of Mortgage Brokers (NAMB) the first and only national volunteer-led and membership-driven organization representing the interests of mortgage brokers and home buyers since 1973, today announced the launch of NAMB MORE(Mortgage Originator Resources and Education), a new learning and professional development platform designed to give mortgage professionals the education, resources and information they need to grow throughout their careers.

MORE officially launches today during NAMB National 2026, being held October 16–19 at Caesars Palace in Las Vegas. The platform is designed as a long-term resource for mortgage professionals at every career stage, bringing training, credentials, professional development and timely industry information together in one place.

Mortgage professionals can learn more and access the platform at nambhasmore.org. Access to MORE will be free through NAMB Focus, January 7–9, 2027. Users must have a NAMB member profile to access the learning management system.

“NAMB MORE represents a significant investment in the future of mortgage professionals and the continued advancement of our industry,” said Michael Farrell, President of NAMB. “We wanted to create more than a collection of courses; we wanted to build a resource that professionals can turn to throughout their careers. NAMB MORE delivers valuable education, professional development and practical information members can apply to their businesses daily. ‘NAMB has MORE’ is a mantra the entire organization embraces, reflecting our commitment to providing the industry with innovative tools that support professional growth, strengthen advocacy and help foster our members’ success. “MORE was developed with the mortgage industry in mind, with NAMB and subject-matter experts contributing to the platform’s educational content.”

The platform is designed to support mortgage professionals from their first year in the business through experienced production, management and leadership roles. Educational resources span foundational mortgage knowledge, loan origination, mortgage programs and products, business growth, sales and marketing, borrower experience, professional development and more.

The MORE course library includes content across core categories such as:

Business Strategy & GrowthLoan OriginationMortgage FoundationsMortgage Programs & ProductsProfessional Development & Workplace SkillsSales, Marketing & Borrower ExperienceGeneral

Additional learning resources and credentials are designed to help mortgage professionals continue developing their skills as their careers evolve.

A key component of the new platform is the MORE Daily Dashboard, which serves as the home screen members see when they log into MORE. Rather than requiring members to visit the platform only when completing a course or pursuing a credential, the Daily Dashboard is designed to give mortgage professionals a reason to return every day.

The Daily Dashboard currently features:

Mortgage Rate Alert Widget: Provides information about the factors affecting mortgage rates and refreshes at least hourly.Upcoming Events: Highlights NAMB events and opportunities so members can stay connected to the association and industry.Daily Access to MORE: Provides a central starting point for accessing education, professional development and other resources.

“The Daily Dashboard is an important part of what makes MORE different,” added Farrell. “We want MORE to become part of a mortgage professional’s daily routine. Whether someone is checking the latest rate information, looking for an upcoming NAMB event or continuing their professional education, MORE puts useful resources in one place.”

About NAMB: The National Association of Mortgage Brokers has been the only national volunteer-led and membership-driven organization representing the interests of mortgage professionals and homebuyers since 1973. NAMB provides mortgage professionals with advocacy, education, and rigorous certification programs to recognize members with the highest levels of professional knowledge and education. NAMB’s active lobbying and advocacy efforts focus on national and state issues, protecting the interests of its members and borrowers. As the leading national trade association for the mortgage industry, NAMB is affiliated with state associations throughout the country and represents the interests of more than 546,800 licensed and registered Mortgage Loan Originators and 49,100 licensed Mortgage Broker and Mortgage Lender businesses throughout the U.S. www.namb.org

Media Contact

Joshua Steinfeld, Steinfeld Consulting, 1 339-225-1581, steinfeldconsulting@gmail.com

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SOURCE The National Association of Mortgage Brokers

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The United States Golf Association Selects Gupta Media as Paid Media Agency of Record

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The appointment comes as the USGA looks to continue to strengthen brand equity and increase awareness and engagement with golfers nationwide

BOSTON, Oct. 17, 2026 /PRNewswire-PRWeb/ — The USGA, the non-profit governing body of golf in the United States, has named Gupta Media its paid media agency of record following a competitive pitch process that began in February. Gupta Media will lead paid media strategy, planning, buying and reporting in support of the USGA’s Championship ticketing and broader commercial initiatives, while helping grow brand equity, awareness and engagement across the organization. Its work will span key USGA priorities, including golf’s official Handicap Index® and GHIN app; the Rules of Golf and the USGA’s governance of the game; Membership; and initiatives that advance golf through sustainability, research and innovation, and greater access and inclusion. The relationship expands beyond media execution to include audience strategy, first-party data integration, measurement and optimization.

“Gupta Media stood out for its ability to connect the dots between data, audience strategy, media and creative to real business outcomes, so we’re incredibly excited for this next chapter.”

The relationship comes at an important moment for the USGA, with the organization focused on continuing to expand its reach and deepening brand affinity across the ever-growing, diverse golf community. Gupta Media will help drive ticket sales for some of the sport’s biggest events, including the 2027 U.S. Open at Pebble Beach Golf Links, the 2027 U.S. Women’s Open at Inverness Club, the 2028 U.S. Open at Winged Foot Golf Club and the 2028 U.S. Women’s Open at Oakmont Country Club. The agency will also support the USGA in creating greater awareness and brand recognition for its corporate Partners through co-branded content and paid media.

Golf has an enormous network of people who love the game, creating a growing opportunity to build a deeper, more direct relationship between golfers and the organization. That challenge is exactly what Gupta Media is built to strategically address — from growing membership and promoting ticket sales for major live events to reaching new audiences and understanding customer lifetime value. By bringing together audience insights, first-party data and media performance, Gupta Media will help the USGA create more relevant, effective marketing that drives measurable business results while strengthening its connection with the next generation of golfers.

“We were looking for an agency that could bring a deep understanding of our audiences, a genuine enthusiasm for our mission and the strategic expertise to work with us through this next phase of golf’s growth,” said Lynn LaRocca, USGA’s Managing Director of Brand & Marketing. “Gupta Media stood out for its ability to connect the dots between data, audience strategy, media and creative to real business outcomes, so we’re incredibly excited for this next chapter.”

“There’s a personal element to this partnership that makes it especially rewarding. My golf journey began 30 years ago when I first visited Pebble Beach as a teenager, long before I could imagine actually playing on the course,” said Gogi Gupta, Founder, Gupta Media. “To now have the opportunity to connect that lifelong passion for the game with the work we’ve spent years building and fine-tuning our agency to do feels like kismet. We’re eager to bring our proficiency to an organization that plays a leading role in the great game.”

The relationship brings together Gupta Media’s deep experience in sports marketing with its data-driven approach to audience strategy, media and creative. The agency has developed a specialized set of tools and processes to address data and analytics challenges of sports and live events, including TallyTickets.com, its proprietary ticketing analytics platform that helps teams understand sales trends, forecast demand and make more informed marketing and media decisions. Gupta Media’s experience spans sports, entertainment, premium events, and pop culture, giving the agency a comprehensive understanding of the audience models and fan behaviors that shape the industry.

About the USGA:

The USGA is a mission-based golf organization whose purpose is to unify the golf community through handicapping and grassroots programs; to showcase the game’s best talent through the U.S. Open, U.S. Women’s Open, and 13 other national championships and our museum; to provide unbiased global governance with The R&A through the playing, equipment and Amateur Status rules; and to advance issues important to golf’s future, with a focus on driving sustainability.

About Gupta Media:

Gupta Media, a certified Minority Business Enterprise, is a strategic consultancy at the intersection of creative strategy, digital media, advanced analytics, and performance marketing. We drive growth for professional sports franchises, global tech leaders, DTC brands, major music labels, and other high-profile organizations by building intelligent media plans, best-in-class reporting tools, and custom enterprise technology. Founded 25 years ago by Cornell grad Gogi Gupta, the agency is known for developing new methods of maximizing advertising efficiency in a digital-first world. Harvard Business School’s case study on Gupta Media was taught to all incoming students for three years and is still taught around the globe.

Media Contact

Carly Carioli, Gupta Media, 1 617-682-3733, ccarioli@guptamedia.com, guptamedia.com

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SOURCE Gupta Media

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