Pahal Financial Services Private Limited is an Indian company in the BFSI industry (formerly Kelkar Leasing Company Private Limited) with 7 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 10.5% to 13.5% a year. Maturity dates run from 24 May 2027 to 15 May 2031. NSDL records all 7 whose terms it holds as secured. Latest credit ratings on record: ICRA BB+ (No Outlook) (action dated 16 Jun 2026); India Ratings BB+ (Stable) (action dated 1 Jun 2026); CARE BB+ (Stable) (action dated 15 May 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
- Legal name
- Pahal Financial Services Private Limited
- Formerly
- Kelkar Leasing Company Private Limited
- CIN
- U65910GJ1994PTC082668
- LEI
- 984500222D9CSD379E16
- Industry
- BFSI
- Business
- Non-Banking Financial Company (NBFC)
- Ownership
- Non PSU
- ISIN issuer code
- INE514Q
- Outstanding bonds (ISINs)
- 7 (plus 12 matured)
- Stated coupons (fixed rate)
- 10.5% – 13.5%
- Maturity dates
- 24 May 2027 – 15 May 2031
- Secured (NSDL)
- 7 of 7
- Combined issue size of outstanding bonds
- ₹334 crore
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.
Pahal Financial Services bonds: ISIN, coupon and maturity
7 outstanding bonds, by maturity date.
| ISIN | Type | Coupon | Interest paid | Allotted | Maturity | Face value | Issue size (₹ cr) | Security | Guarantee | Rating (NSDL) |
|---|---|---|---|---|---|---|---|---|---|---|
| INE514Q07353 | NCD | 12% | Quarterly | 22 May 2024 | 24 May 2027 | ₹1,00,000 | 41.00 | Secured | None recorded | India Ratings BB+ 1 Jun 2026 |
| INE514Q07361 | NCD | 10.5% | Yearly | 31 Jul 2024 | 31 Jul 2027 | ₹1,00,000 | 41.00 | Secured | None recorded | India Ratings BB+ 1 Jun 2026 |
| INE514Q07296 | NCD | 13.5% | Yearly | 30 Oct 2023 | 30 Oct 2027 | ₹1,00,000 | 63.50 | Secured | None recorded | India Ratings BBB- 6 Aug 2025 |
| INE514Q07395 | NCD | 12.4% | Yearly | 27 Feb 2026 | 23 Jan 2028 | ₹86,956.52 | 45.00 | Secured | None recorded | CARE BB+ 15 May 2026 |
| INE514Q07387 | NCD | 12.25% | Yearly | 14 Aug 2025 | 14 Aug 2028 | ₹1,00,000 | 29.00 | Secured | None recorded | ICRA BB+ 16 Jun 2026 |
| INE514Q07403 | NCD | 12.4% | Quarterly | 26 May 2026 | 26 Apr 2030 | ₹1,00,000 | 54.94 | Secured | None recorded | India Ratings BB+ 1 Jun 2026 |
| INE514Q07379 | NCD | 13% | Yearly | 24 Oct 2024 | 15 May 2031 | ₹1,00,000 | 60.00 | Secured | None recorded | CARE BB+ 15 May 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.
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.
Pahal Financial Services bonds: questions and answers
What bonds has Pahal Financial Services Private Limited issued?
Pahal Financial Services Private Limited has 7 outstanding bonds recorded on this page. By type, as described by NSDL: 7 NCDs. 12 further ISINs on record have passed their maturity dates and are not counted as outstanding.
What are the ISINs of Pahal Financial Services Private Limited bonds?
Its 7 outstanding bonds each have their own ISIN, for example INE514Q07353, INE514Q07361, INE514Q07296. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE514Q.
What coupon rates do Pahal Financial Services Private Limited bonds pay?
Stated coupons on its fixed-rate outstanding bonds range from 10.5% to 13.5% 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 Pahal Financial Services Private Limited bonds mature?
Its outstanding bonds have maturity dates from 24 May 2027 to 15 May 2031. The bond table lists the maturity date of each ISIN.
What is the latest credit rating of Pahal Financial Services Private Limited bonds?
NSDL India Bond Info records ICRA BB+ (No Outlook) (action dated 16 Jun 2026); India Ratings BB+ (Stable) (action dated 1 Jun 2026); CARE BB+ (Stable) (action dated 15 May 2026) on its outstanding bonds. Checked on NSDL on 5 Nov 2026. A rating is the agency's opinion and can change at any time.
Are Pahal Financial Services Private Limited bonds secured, unsecured or guaranteed?
NSDL records all 7 outstanding bonds whose terms it holds as secured. 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 Pahal Financial Services Private Limited the same company as Kelkar Leasing Company Private Limited?
Yes. Pahal Financial Services Private Limited was formerly known as Kelkar Leasing Company Private Limited; bonds issued under the earlier name are obligations of the same company. Its Corporate Identification Number (CIN) is U65910GJ1994PTC082668.
Where can investors find the original disclosure documents for Pahal 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 Pahal Financial Services Private Limited bonds?
This page does not show prices or yields. Trades in these bonds are reported on BSE and NSE, 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.
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
- 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 9 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.
