Dvara Kshetriya Gramin Financial Services Private Limited is an Indian company in the BFSI industry (formerly Pudhuaaru Financial Services Private Limited and Pamara Micro Finance Private Limited and Pamara Investments & Consultancy Private Limited) with 19 outstanding bonds (ISINs) recorded on this page. It is also the originator behind 2 outstanding pass-through certificates (PTCs) in 2 securitisation trusts: Duckett 03 2026 and Indigo 051. Stated coupons on its fixed-rate bonds range from 10% to 14.5% a year. Maturity dates run from 27 Dec 2026 to 9 May 2035. NSDL records 16 of the 19 whose terms it holds as secured. Latest credit ratings on record: CRISIL BBB+ (Stable) (action dated 21 Jul 2026); CARE BBB (Stable) (action dated 30 Mar 2026). Verify current terms against the official documents linked on this page.
Data as of 14 Nov 2026 (snapshot 20261114-2051) · How this page is compiled
Issuer overview
- Outstanding pass-through certificates (ISINs)
- 2
- Pass-through schemes
- Duckett 03 2026 and Indigo 051
- Legal name
- Dvara Kshetriya Gramin Financial Services Private Limited
- Formerly
- Pudhuaaru Financial Services Private Limited; Pamara Micro Finance Private Limited; Pamara Investments & Consultancy Private Limited
- CIN
- U65991TN1993PTC024547
- LEI
- 335800DM5Z3SDIGIBV95
- Company status
- Unlisted
- Industry
- BFSI
- Business
- Non-Banking Financial Company (NBFC)
- Ownership
- Non PSU
- ISIN issuer codes
- INE179P, INE2SZ3, INE2ZJN
- Outstanding bonds (ISINs)
- 19 (plus 11 matured)
- Stated coupons (fixed rate)
- 10% – 14.5%
- Maturity dates
- 27 Dec 2026 – 9 May 2035
- Secured (NSDL)
- 16 of 19
- Combined issue size of outstanding bonds
- ₹539 crore
- Traded on
- BSE
Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.
Dvara Kshetriya Gramin Financial Services bonds: ISIN, coupon and maturity
19 outstanding bonds, by maturity date.
| ISIN | Type | Coupon | Interest paid | Allotted | Maturity | Face value | Issue size (₹ cr) | Security | Guarantee | Traded on | Rating (NSDL) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INE179P07548 | NCD | 11% | Yearly | 27 Sep 2024 | 27 Dec 2026 | ₹1,250 | 50.00 | Secured | None recorded | — | CRISIL BBB+ 12 Sep 2024 |
| INE179P08074 | NCD | 14.5% | Yearly | 26 Apr 2024 | 15 Feb 2027 | ₹50,000 | 22.00 | Unsecured | None recorded | — | CRISIL BBB+ 12 Dec 2023 |
| INE179P07381 | NCD | 12.75% | Yearly | 24 May 2024 | 24 May 2027 | ₹1,00,000 | 1.10 | Secured | None recorded | — | CRISIL BBB+ 12 Dec 2023 |
| INE179P07373 | NCD | 12.5% | At maturity | 24 May 2024 | 24 May 2027 | ₹1,00,000 | 0.10 | Secured | None recorded | — | CRISIL BBB+ 12 Dec 2023 |
| INE179P07365 | NCD | 12.75% | At maturity | 24 May 2024 | 24 May 2027 | ₹1,00,000 | 1.80 | Secured | None recorded | — | CRISIL BBB+ 12 Dec 2023 |
| INE179P07597 | NCD | 11% | Yearly | 18 Jul 2025 | 18 Jul 2027 | ₹10,000 | 25.00 | Secured | None recorded | — | CRISIL BBB+ 9 Oct 2024 |
| INE179P07530 | NCD | 10% | Yearly | 19 Sep 2024 | 19 Sep 2027 | ₹1,00,000 | 24.50 | Secured | None recorded | — | CRISIL BBB+ 12 Sep 2024 |
| INE179P07464 | NCD | 10% | Yearly | 19 Sep 2024 | 19 Sep 2027 | ₹1,00,000 | 24.38 | Secured | None recorded | — | CRISIL BBB+ 12 Sep 2024 |
| INE179P07332 | NCD | 13.6% | Yearly | 22 Feb 2024 | 6 Dec 2027 | ₹1,00,000 | 120 | Secured | None recorded | — | CRISIL BBB+ 12 Dec 2023 |
| INE179P07613 | NCD | 11% | Yearly | 7 Jan 2026 | 7 Jan 2028 | ₹10,000 | 30.00 | Secured | None recorded | BSE | CRISIL BBB+ 21 Jul 2025 |
| INE179P07589 | NCD | 12.35% | Quarterly | 26 Mar 2025 | 26 Mar 2028 | ₹1,00,000 | 6.00 | Secured | None recorded | — | CARE BBB 30 Mar 2026 |
| INE179P07662 | NCD | 12.5% | Yearly | 6 Nov 2026 | 7 Aug 2028 | ₹1,00,000 | 17.50 | Secured | None recorded | — | CARE BBB 5 Mar 2025 |
| INE179P07654 | NCD | 12.5% | Yearly | 30 Sep 2026 | 30 Sep 2028 | ₹1,00,000 | 25.00 | Secured | None recorded | BSE | CRISIL BBB+ 21 Jul 2026 |
| INE179P07621 | NCD | 11% | Yearly | 30 Jan 2026 | 30 Jan 2029 | ₹10,000 | 50.00 | Secured | None recorded | BSE | CRISIL BBB+ 21 Jul 2025 |
| INE179P07639 | NCD | 13.25% | At maturity | 24 Apr 2026 | 24 Apr 2029 | ₹1,00,000 | 6.00 | Secured | None recorded | — | CRISIL BBB+ 21 Jul 2025 |
| INE179P07647 | NCD | 13.25% | Yearly | 19 May 2026 | 19 May 2029 | ₹1,00,000 | 4.00 | Secured | None recorded | — | CRISIL BBB+ 21 Jul 2025 |
| INE179P08066 | NCD | 14.3% | Yearly | 2 Apr 2024 | 28 May 2029 | ₹1,00,000 | 20.00 | Unsecured | None recorded | BSE | CARE BBB 30 Mar 2026 |
| INE179P07605 | NCD | 12.9% | Quarterly | 26 Aug 2025 | 13 Jul 2029 | ₹1,00,000 | 68.96 | Secured | None recorded | — | CRISIL BBB+ 21 Jul 2025 |
| INE179P08082 | NCD | 14.5% | Yearly | 9 May 2025 | 9 May 2035 | ₹1,00,000 | 42.50 | Unsecured | None recorded | — | CARE BBB 30 Mar 2026 |
Notes on this table
- Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
- Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
- "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
- Prices and yields are not shown. They change with every trade: see BSE and NSE.
- Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Credit rating.
Dvara Kshetriya Gramin Financial Services pass-through certificates (PTCs): schemes, ISINs and maturity
2 outstanding PTCs in 2 schemes · by scheme, then maturity
| Scheme | ISIN | Series | Coupon | Maturity | Interest | Trustee | Traded on | Rating (NSDL) |
|---|---|---|---|---|---|---|---|---|
| Duckett 03 2026 | INE2ZJN15017 | Series A1 | 11.5% | 22 Dec 2030 | As per payout schedule | Catalyst Trusteeship Limited | Not traded | — |
| Indigo 051 | INE2SZ315010 | Series A | 12.5% | 20 Mar 2029 | As per payout schedule | Catalyst Trusteeship Limited | Not traded | — |
Notes on this table
Each scheme is a securitisation trust with its own ISIN issuer code. PTCs usually repay part of the principal every month as the pool pays down, so the amount outstanding is lower than the amount issued. Coupons are as recorded by CDSL, NSDL or the exchanges; for an equity or junior tranche there may be no fixed coupon. Ratings of PTCs carry the suffix "(SO)". Series, trustee and originator are from CDSL's list of securitised debt instruments where it has the ISIN; schemes held at NSDL are listed when they trade or are placed on BSE.
Private placements and disclosure documents
From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.
Company details
- Date of incorporation
- 4 Mar 1993
- Category
- Dvara Kshetriya Gramin Financial Services Private Limited (DKGFSPL), as per its credit rating report, is a non-deposit-taking NBFC engaged in providing financial services in remote areas. The company is primarily engaged in lending loans through the JLG model. Apart from JLG loans, the company also provides jewel loans, enterprise loans, consumer durable loans, and jewel loans, crop loans, and personal loans. The company has a presence in 116 districts through its 424-branch network across 11 states. The company has 2.651 million clientele, and it has disbursed 11757.20 cr loans.
- Class
- https://www.dvarakgfs.com/
- Listed / unlisted
- Unlisted
- Registered office
- 10th Floor, Phase-1, A1, IIT-Madras Research Park, Kanagam Village, Taramani Chennai Chennai - 600113 Tamil Nadu
- State
- Tamil Nadu
- Registrar of Companies
- Chennai
- Authorised capital
- 159.00 cr.
- Paid-up capital
- 123.56 cr.
- Last AGM
- 8 Sep 2025
Dvara Kshetriya Gramin Financial Services bonds: questions and answers
What bonds has Dvara Kshetriya Gramin Financial Services Private Limited issued?
Dvara Kshetriya Gramin Financial Services Private Limited has 19 outstanding bonds recorded on this page. By type, as described by NSDL: 19 NCDs. 11 further ISINs on record have passed their maturity dates and are not counted as outstanding.
What are the ISINs of Dvara Kshetriya Gramin Financial Services Private Limited bonds?
Its 19 outstanding bonds each have their own ISIN, for example INE179P07548, INE179P08074, INE179P07381. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE179P / INE2SZ3 / INE2ZJN.
What coupon rates do Dvara Kshetriya Gramin Financial Services Private Limited bonds pay?
Stated coupons on its fixed-rate outstanding bonds range from 10% to 14.5% a year on face value. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.
When do Dvara Kshetriya Gramin Financial Services Private Limited bonds mature?
Its outstanding bonds have maturity dates from 27 Dec 2026 to 9 May 2035. The bond table lists the maturity date of each ISIN.
What is the latest credit rating of Dvara Kshetriya Gramin Financial Services Private Limited bonds?
NSDL India Bond Info records CRISIL BBB+ (Stable) (action dated 21 Jul 2026); CARE BBB (Stable) (action dated 30 Mar 2026) on its outstanding bonds. Checked on NSDL on 12 Nov 2026. A rating is the agency's opinion and can change at any time.
Are Dvara Kshetriya Gramin Financial Services Private Limited bonds secured, unsecured or guaranteed?
NSDL records 16 of the 19 outstanding bonds whose terms it holds as secured and 3 as unsecured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.
Is Dvara Kshetriya Gramin Financial Services Private Limited the same company as Pudhuaaru Financial Services Private Limited?
Yes. Dvara Kshetriya Gramin Financial Services Private Limited was formerly known as Pudhuaaru Financial Services Private Limited and Pamara Micro Finance Private Limited and Pamara Investments & Consultancy Private Limited; bonds issued under the earlier name are obligations of the same company. Its Corporate Identification Number (CIN) is U65991TN1993PTC024547.
Where can investors find the original disclosure documents for Dvara Kshetriya Gramin Financial Services Private Limited bonds?
Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.
How can investors check the current market price or yield of Dvara Kshetriya Gramin Financial Services Private Limited bonds?
This page does not show prices or yields. Trades in these bonds are reported on BSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.
Which pass-through schemes are listed under Dvara Kshetriya Gramin Financial Services Private Limited?
Dvara Kshetriya Gramin Financial Services Private Limited has 2 schemes with outstanding pass-through certificates on this page: Duckett 03 2026 and Indigo 051, with 2 outstanding PTC ISINs in all.
What is a pass-through certificate (PTC)?
A pass-through certificate is a debt security issued by a securitisation trust. A lender sells a pool of loans or receivables to the trust, and the trust passes the repayments it collects to the certificate holders. Payments depend on how the pool performs and on any credit enhancement, not on the general funds of the lender. Ratings of PTCs carry the suffix "(SO)", structured obligation.
Sources and dates
- NSDL India Bond Info: bond terms, issuer identity and ratings by ISIN
- BSE and NSE: bonds that have traded, and their exchange listings
- CDSL: list of securitised debt instruments (pass-through certificates, with trust, series, trustee and originator)
- BSE: privately placed debt securities
- Methodology: how these pages are compiled and checked
Data as of 14 Nov 2026 (snapshot 20261114-2051). Facts on this page last changed on 12 Nov 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.
